Company Number 2844791 {England and Wales) RegiSte￿d Charrty Number 1047187 QUEEN STREET SCHOOL PRESERVATION TRUST Acom Ilmited b uarantee Flnancial Statements Forthe ear ended 31Au ust 2021 *A84ZITE8• 2W05r2022 COMPANIES HOUSE UEEN STREET SCHOOL PRESERVATION TRUST Financial statements for the ear ended 31 A ust 2021 CONTENTS PAGE Company Information Independent Examinerfs ReFKIrt Trustees. Report 3to8 Income and Expenditure A¢¢ount Statement of Finane4al Activi￿$ 10 Balance Sheet 11 Notes lo the Financial Statements 12to17 QUEEN STREET SCHOOL PRESERVATION TRUST Com an Information for Ihe ear ended 31 Au ust 2021 Charit Name Queen Sireel School Preservation TnJsl Charit Num 1047187 Corn an islration Number 2844791 Tnjslees John French Carol Thornton (resigned 5 November 20211 Louise Harper John Walker Graham Cannon James Emerson Phil Bradley Jean Cannon lan Wolseley (appointed 10 September 2021) Secrela Carol Thornton Princi l Address WilderS￿n Nati￿al School Queen Street 8arton upon Humber North Lincolnshire DN18 SQP Re istere Queen Street Barton upon Humber North Lincolnshire DN18 SQP Inde endenl Examiner John Heeney. BA (Hons) FCA RNS Chartered Accountants 41 High Street 8arton upon Humber North Lincolnshire DN18 5PD QUEEN STREET SCHOOL PRESERVATION TRUST Inde endent Exarniner'$ Re rt to the Trustees of the ueen Street Sch¢)ol Preser¥ation Trust I report to the ¢harily trustee5 on my examinatr.on of the accounls of the company for the year ended 31 August 2021 which are set out on pages 9 10 17. Res onsibilitles and basis of re As the charity Iruslees of the ￿rnpanY land also its diwlors for the purposes of company lawl you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Ael 20Cfj I'lhe 2006 Act'l. Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 20C6 Act and are eligible for independenl examination. I report in respect of my exarninalion of your company's accounts as carried out under seth'on 145 of the Chartties Act 2011 I'lhe 2011 Act'l. In arryirig out my examinab.on I have folbwed the Directions given by the Charity Commission under seclion 14515llbl of the 2011 Act Ini18 endent examiner's statement I have completed my examination. I confimi Ihat no matters have come to my attention in connection with the examination giving me cause to believe that in any material respe¢t'. a￿OuntIng records were not kept in respect of the COTnpany as required by section 386 of the Companies Acl 2006.. or the accounts do not accord with those record.. or the accounts do not comply wlh the accounting requirements of section 396 of the Companies Act 2006 other than any requirement that the accounts give a 'lrue and fair view, which is not a matter congdered as part of an independent examinalion.. or the accounts have not been prepared in accor(lance with the methods and principles of the Stslemenl of Recommended Practice." Accountsng and Reporting by Charities applicable lo chanlies preparing their aecounls in accordance with the Financial Reporting Standard applicable in the UK and RepU￿1C of Ireknd {FRS 1021. I have no concerns and have come across no other matters in conneclion with the examination to which attention should be drawn in this reFKJrt in order lo enable a proper understanding of the accounts to be reached. ohn Heene BA Hons FCA RNS Chartered Accountants 41 High Street Barton upon Humber North Lincolnshire DN18 SPD 2022 QUEEN STREET SCHOOL PRESERVATION TRUST Re ort of the Trustees for the ear ended 31 Au ust 2021 The Trustees present their report and financial statements of the charTty for the year ended 31 August 2021. The Iruslees have adopted the provisions of the Ststement of Recommended Practice ISORPI 'Accounling and Reporb"ng by Charities. IFRS 102} in preparing the annual report and linancial statements of the charity. Objecllves and principal activities. Queen Street School Preservation Trust is a Registered Charity. the obj'ectives of which are.. To wuire, preserve and maintain the old school and other buildings in the Queen Street area, and lo cary out repairs, alleratsons, maintenanee 2nd eonstruclion on the same in order lo create an educational, heritsge and communf(y centre for the benefit of the people of Barton, visitors, schools and educational hi5torian5. To continue to preseTre and maintain and to manage the said centre. To acquire and maintsin for the advancement of education a museum comprising a collection of artefacls for display and study purposes on the subject of the history of primary educatson with particular reference lo Samuel Wiloerspin and his role in rt. The pnncipal activity of the company is the preservation of the Queen Street School Iknown now as Wilderspin National Sch￿)11 for the ￿neffit of the inhabitants of Barton upon Humber. Trustees The Trustees who served during the year and since the year end were as follows.. John French Carol Thornton (resigned 5 November 2021) Louise Haiper John Walker Graham Cannon James Emerson Phil Bradley Jean Cannon lan w01s￿eY lappoinled 10 September 20211 The member5 of the Board of Trustees are elected at the Annual General Meeting by the members of the charity. and usually serve lor a three year tem. The company is limited by guarantee therefore none of the trustees have an interest in share capitsl. QUEEN STREET CH OL PRESERVATION TRUST .Re ort of the Trustees for the ear•nded 31 Au u¥t 2021 continued Statttmtrnt of the Truslees. responsibilities The Iruslees Iwho are also directors of the charity for the purposes of cornpany law) are responsible for preparing the Trustees. Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Praclicel. Company law requires the trustees lo Prepa￿ financial statements for each financial year, which give a true and fair view of the slate of affairs of the charitable comparby and of the incoming resources and application of resoljr￿s, including the income and expenditure, of the charilable company for that period. In preparing these finarb¢ial statements. the trustees are required lo.. selecl suilable accounting policies and then apply them consistently. observe the method5 and principle5 in the Charities SORP 2015 IFRS102>- make judgements and esb'males that are reasonable and prudenL $tsle whelhei applicabk UK Accounting Stsndards have been followed, subj.eet lo any material departures disclosed and explained in the financial stalements". prepare the financial statements on the going concem basis unless tl is inappropriale lo presume that the company will conlinue lo operate. The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any lime the financial wsilion of the charitable company and enable them to ensure that the financial ststements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. In so far as the trustees are aware.. there is no relevant audit informal￿n of whrh the charitable companYs auditor is unaware., and. the trustees have taken all"steps that they ought to have taken lo make themselves aware of any re￿vant audit infomi8tDn and to establish that the auditor ts aware of that information Corporate status The company was incorporated as a prNate cixnpany limited by guarantee without share capital. Oryanisatlon As referred lo above, the company is manage(1 by the board of Twslees which is elected al the Annual General Meeting. The company delegates ￿SponsIbl111Y for the day lo day running of charitable matters lo the Development Offior. via the Council of Managemenl and Finance. Flnancial Revlew The Slalemenl of Financial ActNrt￿S (SOFA) shows that al the end of the financial year we had posilbve serves tr) ¢arry forward of £532.986. ¢ompared wrth posrtive reserves of £516,334 at 31 August 2020. The Trustees are continuing fundraising activities. and income from rents and organised school and other visits are increasing We are confident therefore that our a¢tTrvitses are sustsinable and that we are on course lo increase the surplu5 on unreslricled reserves. The Trustees consider il prudent that Un￿$t￿tted reserves should be suffic*nl to cover al least one yearfs operating costs. UEEN STREET SCHOOL PRESERVATION TRUST ort of the Trustees for the ear ended 31 Au ust 2021 continued Achievements and perfomionce The Impact of Covid 19 Covid 19 restrictions (March - July 20201 which had been eased during the summer were re-imposed in the autumn 8$ part of the govemment tiered system. A second national lockdown in England began on 5 November. The Museum 2nd Coffee Shop were closed from March 2020 due lo Covid 19. 8nd all work stopped. Staff were furloughed and volunteer activities ceased, tentatively resuming behind the scenes with care in the lead-up to the new financial year. The Old School Canteen reopened in July 2020 with 8ddilional space provided by closing the Reminiscence Classroom lo provide safely distsnced sealing and using the Playground also. Restricted access lo the Museum slarted in August 2020 with a one-way visitor flow and the removal of all lacb.le exhibits. Reduced volunteer staffing meant that wintef opening hours (weekends only} had to be adopted, and a ftjrther closure of the sile due lo Covid followed in November 2020. The coffee.shop re4opened in May 2021, onts again with extra safely spaced sealing inside and outside, and the Museum in July with a soft-launch of the ￿diSplaYed rooms, followed by a formal launch as part of Heritage Open Days in September 2021. Performance in 2020 Covid interrupted reporting in 2019r20. The viru$ impacted on our year•on-year growth. 2020 2019 Total Museum visitors.. 12,208 19.892 Museum only 11.350} 14.118) Museum events {3.4511 12.337) Museum school visits 19701 {1.9781 Old School Canteen ¢offee shop 16.476) {11.2151 Outreach 39 2.180 Additional facility hire users 6.085 {7,720) . Joseph Wright Hall IJWH) 15.452) {9,142) (The JWH is also used for our evenls arKI school visits included al)ove.") Total vlsllors and users: 18,332 29.792 Covid Recovery A Covid recovery grant of £10.000 was awarded to the Trust by the Nat￿nal Lottery Heritage Fund facilitating the redisplay of the former Inlerpretstion Room into a Victorian Classroom, and the former 18905 Classfoom into a Warts'me Classr¢)om. Interprelatson was dispersed throughout each of the historic rooms Rebranding of the Museum was also undertaken and associated changes to publicity and the Trust's social media messaging, including preparations for a new website. The Covid recovery project was managed by Heritage Consultant, Ali Bodley. who has also drafted.. Options Appraisal Audience Development Plan Marketing and Social Medial Plan Volunteers, Inductson Handbook Project duration is Apft"12021 - February 2022. Volunteers In wmmon with other museums and organisations which rety on volunteers the Covid interruptions and its ongoing health issues impacted on our volunteer workforce resu￿"n9 in a number of retirements. The loss of volunteers during Lockdown was 151-37%)- UEEN STREET SCHOOL PRESERVATION TRUST Re rt of the Trustees for the earended 31 Au ust 2021 continued Volunteer recruitment to rebuild the volunteer team was assisted by a £1,500 grant from Museums Developrnent Yorkshire enabling us to produce Iilmed inlervEws wrth volunteers lo use in digital media to promote volunteering opportunits"es. Our Volunteer induth.on programme has been ￿IntrodUced and a Tr¢ruitment ¢ampahJn was planned for Sprin9 2022. Recnjilment of new volunteers during Covid recovery project was 18 {+7%1. The Volunteer Team has recovered to the pre Covid level and we are on target to increase it to 50 by 2023. Covid Recovery Comparison of pre Covid12019120). Lockdown {2020r21). and post COVKI INLHF Projectl {2021122): Juty-February {NLHF project period) 19r20 20121 21r22 Museum visitors Annual change Project change 12019120 to 2021122) 2.187 415 915 1% +121% -58% Coffee Shop customern Annual change Project change 12019120 10 20211221 7.923 3.609 6.602 -54% +83% -17% The Project has contributed lo a 74% recovery of our pre Covid visitor and customer footfall. Museurn Renopening and Relaunch 22 May 2021 - weekend openirvJ,' restrithd rooms,. use of a¢Jdil￿naI space for coffeE shop seating 22 July 2021 (soft launch) September 2021 (Heritage Open Days fomial launch) Refresher training sessions x 2 was FKovi¢Jed for Reception Visitor Guides {volunteers x 151 The projeel has re-focussed our interpretstion on the Wiklerspin Story through.. Redisplay of th￿ rc#Jms with improved interwelatK)n Including infomiation targeted al children Revised guided lour New Visitor Guide sheet School Visits School visits were cancelled during Icckdowns and the ensuing pressure sclK)ols faced. Brigg Primary School brought th￿e class "bubble5" on three separate days once restrith.ons began to ease. We also delivered our first outreach wofkshop Iwartimel lo of our regular schools, Hull Collegiate. School visits were not possible during the redisplay work. and we need to rebuild our education team so a re-launch of our educalion programme is planned for September 2022 while we review and revamp the learning sessions. UEEN STREET SCHOOL PRESERVATION TRUST Re ort of the Trustees for the ear ended 31 Au ust 2021 continued Miscellaneous Covid caused car￿lIation of our events programrres. Small scale costumed family sessions were trialled in the summer. Commercial hire of the premises ceased during Covid Icckdowns. Government. Council and Arts Council England Covid support grants are detailed in the Financial report The Tmst After a tenure of fifteen years, John Walker retired a5 Chair. This pericmj covered the restoration of the derelict building, opening of the Museum and establishing The Wiklerspin as a key partner in the town's visitor eeonomy. The Trust is immensely graleful to John for enthusiaskn"c involvement and his ￿re an(J encouragement of volunteers. lan Wolseley retired as Development Offi￿r - a role he began in 2006 in a full-time c8P8city overseeing the resloralion and setting-up of the Museum, an¢J continuing in a part-time capacity as manager of the Museum until this year. lan fomally Joined the Trust and took over as Chair from September 2021. As part of our succession planning, Yvonne lQ"ng was welcomed to the Museum in January 2021 to lake on the new part-lime role of Business & Sile Manager concentrating on cafe and opefatsons of the buildings and the site, and helping make sure our public service5 run efficiently, including the visitor attraction experience and the hire of OLJr faulities. In addition lo Yvonne's appointment, further delegation of the fomer Development Officer's role has included broader involvement of volunteers in management and running of Ihe Museum. and changes lo our committee and working groups structure. Tho School Bulldlng The Wilderspin Schoolroom V•ryndow has been repaired. The fomier Girt5' Classroom. used previously as the Interpretalion Room, was restored (repainted, repaired elcl. The Office has been relocated to the Ross Room (Varah Buikliryi". The fir5t-floor Sto￿ of the fomer Masterfs House is n¢)w rented as an offKe and store by The Ohd School Canteen. Joseph Wright Hall No activity or events have been possible during the Covid crisKs. Occupancy levels a￿ restricted until a Fire Safety Audit is undertaken and the remedial works Completed lcomp￿ted 20211221. The Lockdown coincided with a successfvl grant applicalion to EnTrust for £40,000 to enable us lo instsll a lift. A lot of preparation work was neeessary. and the lift was installed during 2021. The electrics were upgraded. and a fire alarm system arml emergency lighting installed. We are very grateful lo the LondTrust for their funding SUPFQrt of the lift. A new tJTr"ler has been installed thanks to an EU IERDFI Smart Energy grant. Since taking on the Hall in 2015 the Trust has been successful raising around £94,000 of grant funding for the works so far to supplement our own cash contribulion. The in-kind support of volunteer5 over the years is valued at many thousands of pounds. Individual and corporate generosity for the pew cushions. amongst other things, amounts lo over £34.000. and the value of investment and cash support by South Bank Players and Friends at Barton is over £10.000. UEEN TREET CHOOL PRESERVATION TRUST ort of the Trustees for the ear ended 31 Au ust 2021 continued This is truly a magniftrnt plural achievement and we are well on the way to creating a niche perfomiance venue for community use. Yet rn0￿ funding is needed to rnodemise the ground floor to create spaces we can use ourselves for Museum acbvities including our events and school visits. The ground floor will also be used for cornmercial and communty hire too. In lime. the aim is 10 9enerate in¢ome from the Hall which will help.￿ppOrt the Museum. The Trust's efforts to attract additional exlemal funding will be signifieanlly improved if il can be shown to potential funders that it is able to provide more funds from its own resources and from community 5UPPgrt. and to that end we launched an appeal to local businesses and individuals. Looking Ahead The Covid recovery project identified a need to preOO 560,000 North Lincolnshire Courtcil owns the freehold of the land on which the School stands. The Authority granted a 50 year lease to the Tnjst. rent free. There is an oplion lo purchase the freehold for £1, which the Charity is ¢on$iderirvJ. The buildings themselves belong to the Queen Street School Preservation Trust. The precise cost of bringing the buildings to their present condition was £1.765.180. Such costs were not capitalised as fixed assets in the Balance Sheet as there was considerable doubl as lo whether the costs incurred represented the true value of the land and buildings. The Trustees sought an external valuation in 2012 whth gave a value of £470,000 which was recognised in the account5. In 2015 the Trust acquired the Ciladel next door lo the School from The Salvation Amiy with a loan from North Lincolnshire Council for £90.000. An agreement was made lo repay the purchase monies to the Council once the building is refurbished and fully operational as a Comrnunity Arts Theatre. 16 UEEN STREET SCHOOL PRESERVATION TRUST Notes to the financial staterngnts Year ended 31 Au USI 2021 11 Debtors 2021 2020 Debtors Prepayments and accrued income 723 494 635 1,217 635 12 Creditors: Amounts lallin due within on ear 2021 2020 Trade creditors Accruals and deferred income Other creditors 9.163 1,650 6.100 2,787 574 5,000 16.913 8,361 17 QUEEN STREET SCHOOL PRESERVATION TRUST Notes to the financial statements Year ended 31 A ust 2021 13 Accumulaled funds Restricted Ca Fund nrestricted Funds Total As at 1 September 2020 46.334 470,000 516,334 Sufplus for the year 16.652 16,652 As at 31 August 2021 62.986 470.000 532,986 Un￿triCted funds are those wh￿h can be S￿nI on any activty within the charity's overall objectives. The restn.cted e8Pital fund are those funds raised for CaPTtal spending specffjcally on the renovatson and resloralion of the old schrxjl building and outbuiklin9S. 14 Anal Is ol net assets between funds UnTrstricted Funds Restricted Funds Total Tangible fixed assets Current assets Current liabilities Long term liabilits.es 560.000 560,000 79,899 (16,9131 190,0001 79.899 116.913} {90,0001 62,986 470,000 532,986 1 S Trustees. remuneration No remuneration or expenses directly or indirectly out of the funds of the company was paid or payable for the year to any Irustee or to any person or person5 known to be connected with any ol them.