Company Number 2844791
(England and Wales)
Registered Charity
Number 1047187
UEEN STREET SCHOOL PRESERVATION TRUST
limited b
uarnnt
Fin
ncial Statements
For the
ear ended
31Au
ust 2023
1111
111
•AD45)S03•
29105r2024
COAIPANIES HOUSE
A11
#109 1

QUEEN STREET SCHOOL PRESERVATION TRUST
Financial statements for the
ear #nd
31Au
ust 2023
CONTENTS
PAGE
Company Informats
Independent Examinerfs Report
Trustees, Report
3to7
Income and Expenditure Account
Statement of Financial Activities
Balan￿ Sheet
10
Notes lo the Financial Ststements
11tolS

UEEN STREET SCHOOL PRESERVATION TRUST
Com
an
inlomiation for the
ear ended 31 Au
ust 2023
Chari
Name
Queen st￿et School Preservats"on Trust
Charil Number
1047187
istra
n Numter
2844791
T ustees
John French
Louise Harper
Graham Cannon
Phil Bradley
Jean Cannon (Chair)
lan Wolseley
Charles Dickens
Stephanie Codd lapFointed 26 June 2023)
Caroline Edwards lappoinled 20 March 20241
Secreta
lan Wolseley
Princi
l Address
Wilderspin National School
Queen Street
Barton upon Humber
North Lincolnshire
DN18 5QP
Re
istefed Off
Queen Street
Barton upon Humber
North Lincolnshire
DN18 5QP
In(le
ndenl Examiner
John Heeney 8A {Honsl FCA
RNS Chartered AccoLtnlants
41 High Street
Barton upon Humber
North Lincolnshire
DN18 5PD

UEEN STREET SCHOOL PRESERVATION TRUST
Inde
endent Examinerfs Re
rt to the Trustees of the
Ugen Street School Pre59Nation Trust
I report lo the charity Iruslees on my examination of the accounts of the company for the year ended 31
August 2023 which are sei out on pages 8 to 15.
onsibililies ond basis of rg
ort
As the charity trustees of the company {and also its directors for the purFL)ses of company lawl you are
reSwnsIb￿ for the preparatw)n of the accounts in xcordance with the requirements of the Ccxnpanies
Act 2006 {'Ihe 2006 Act'l
Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of
the 2006 Act and are eligible for independent examinab"on. I report in respect of my examination of your
company's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'l. In
carying out my examination I have followed the Dir&b"ons given by the Charity Commission under
section 145(51{bl of the 2011 Act
Inde
ndent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connedion with
the examination giving me eause to believe that in any material respect-.
a￿QUAtIng records were not kept in ￿sPeCt of the company as required by section 386 of
the Companies Act 20￿.. or
the accounts do not accord wilh those record.. or
the aecounts do not Comply ￿th the accounting requirements of section 396 of the
Companies Act 2006 other than any requirement that the accounts 9ive a 'true and fair view,
which is not a matter considered as part of an independent examinats"on," or
the accounts have not been prepared in accordance with the methcfvys and principles of the
Stslemenl of Recommended Practice." Accounting and Reporting by Charrties applieable to
charities preparing their accounts in accordance wlh the Financial Reporting Standard
applicable in the UK and Republ￿ of Ireland {FRS 102).
I have no concems and have come across no other matters ift connection with the exarninalion lo which
attention should be drawn In this report in order lo enable a proper understanding of the accounts lo be
reached.
John Heene
BA
Hon$
FCA
RNS Chartered Accountsnts
41 High Street
Barton upon Humber
North Lincolnshire
DN18 5PD
2024

UEEN STREET SCHOOL PRESERVATION TRUST
rt of the Trustees lor the
ear ended 31 Au
ust 2023
The Trustees present their report and financial statements of the charity for the year ended 31 August
2023. The Iruslees have adopted the provisions of the Statement of Recommended Practice ISORP).
Accounting and Reporting by Charities" IFRS 1021 in preparing the annual report and financial
statemenls of the chanty.
Reference and admlnistratlve detalls
Trustees
The Trustees who served durirvJ the year and since the year end were as follows..
John French
Louise Harper
Graham Cannon
Phil Bradley
Jean Cannon
lan Wolseley
Charles Dickens
Stephanie Codd (appointed 26 June 20231
Caroline Edwards lappoinled 20 March 2024)
The mernbers of the Board of TnJstee5 ate elected at the Annual General Meeting by the members of the
charity, and usually serve for a three year term.
The ¢ompany 15 limrted by guarantee therefore none of the irustees have an interest in share capital.
Objectives andpnnclpal aclivities
Queen Street Schcx)I Preservation Trust is a Registered Charity, Ihe obJ"e¢tives of which are..
To acquire. preserve and maintain the old school and other buildings in the Queen Street area,
and lo carry out repairs, alteralions. maintenance and conslruclion on the same in order to create
an educational, heritsge and community centre for the benefit of the people of Barton, visitors.
schools and educatK)nal historians.
To continue lo preserve and maintsin and to manage the said centre.
To acquire and maintsin for the advancement of education a museum comprising a collection of
artefacts for display and study PLirposes on the subject of the history of primary education with
particular reference to Samuel WildeTspin and his rote in it
The principal activity of the company is the preservalion of the Queen Street School (known now as
Wilderspin National School) for the benefit ol the inhabitants of Barton upon Humber.
Statement for public benefit test for charities
In setting our objectives and planning our activits.es the trustees have given Careful consideratK)n to the
charity commission general guidan￿ on public benefrt.

UEEN STREET SCHOOL PRESERVATION TRUST
Re
ort of the Trustees for the
ear endgd 31 Au
ust 2023
conllnued
Statoment of the Twstees. rospon$ibilitles
The tTuslees Iwho are also directors of the charity for the purpose5 of company law) are responsible for
preparing the Trustees, Annual Report and the finane*l stslemenls in accordance with applicable law
and United Kingdom Accounbng Standafds (United Kingdorn Generally Accepted Accounting Practice).
Company ¢aw requires the trustees to prepare financial statements for each financial year. which give a
true and fair view of the slate of affairs of the charitable company and of the ineoming resourtss and
application of resources. including the income and exFenditure. of the charitable company for that period.
In prepanng these tinancial statements. the trustees are required to..
select suitable accounting policies and then apply them consislenlty..
obseNe the methods and principles in the Charities SORP 2015 IFRS102)-
make judgements and estimates that are reasonable and prudent-
stsle whether applicable UK Accounting Standards have been followed. subject lo any material
departures disclosed and explained in the financial statements",
Prepare the financial statements on the going concern basis unless it is inapproprrdte to wesume
that the company wll ¢onts"nue to Operate.
The Iruslees are responsible for keepin9 adequate accounb.ng records that disclose with reasonable
accuracy at any time the financial position of the charitable cornpany and enable them lo ensure that the
financial statements comply wrth 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 irregularib"es.
In so far as Ihe tnjstees are a￿are.
there is no relevant audit information of whieh the charitable company's audrtor is unaware., and.
the trustees have taken all steps that they ought to have taken to make themselves aware of any
levanl audrt informabon and to e5tsblish that the auditor is aware of that inforrnation
Achievements and perfonnance
Collections
The Archive Store was reorganised and re-shelved.
Bound print copies of the Church School Managers, Minule Books11856-18601 were donated.
The Collections Policy was reviewed and updated.
Museums Development Yorkshire has continued to support the Trus( Advice and guidance was
presented to the Council of Management by the Region81 Aecreditalion Advisor, and the MDY
Development Officer fflade a sile visit to offer general guidance and advice whieh led to training
workshops ond advice relating to energy and conservation managemenc colle¢tson care. and security-
itor Service$
There were 1,014 visitors during the year. Ajthough this represents about 25% of the pre Covid number
of visitors 120181191 the reducb.on was anlicipaled following ihe introduction of a trial admiss￿￿ fee in
November. The annual adult lickel costs £5 and all¢)ws for unlimited retum visits for tsvelve months.
Children are free. During the firsl len months of operation the Tevenue stream from this reduced number
of visitors has exceeded the voluntsry donation income when admissb)n was free, although visitor
numbers were higher. Donab"ons revenue has held up also to Pre¥￿u5 levels.
A higher proportion of visitors this year were chiklren {25%1.
The Old School Canteen coffee shop reported 6,662 customers compared lo 9,722 in 2021r22.
Increasing operating costs impacted severely on its y￿bilIty. especially energy costs and, unfortunately.
the coffee shop hal lo cease trading in August.

UEEN STREET SCHOOL PRESERVATION TRUST
Re
ort of the Trustees for the
ear ended 31 Au
ust 2023
continued
Vlsitor SeThltes (tontinuedl
A totsl of 9.082 visitors and coffee shop customers visf(ed the site, including 1.046 participants in our
evenl$ programme. An additional 1,592 children visrted as part of an educa1￿)nal visit with their school,
and 76 aduits as part ol a group visit.
In Summary, there were 10.750 people visiting the Museum. using the coffee shop or attending events.
Since the Museum opened in 2009 there have now been 143,323 museum visitors.
Because of the hi9h winter energy costs, reduced winter opening was trialled with allernate weekend
opening only. The Old Schcol Canteen coffee shop continued W￿th ils regular weekly opening hours.
Community Engagement
Barton Civic Society and the Workers EdUcat￿n AS￿￿latIOn continue to use the Joseph Wright Hall for
their public lecture programme and committee meetings. The Hall is also used on a fegLtlar basis by art,
woodcarving and spinning groups.
Productions have now been re-started. The autumn saw a very 5ucces5ful production of Al￿ in
Wondertand by the community performance group. Fr*nds al Barton, in the Joseph Wright Auditorium,
having been delayed by Covid reslrictsons.
A trial partnership with North Lincolnshire Council's Supported Employment Scheme involved one
volunteer helping with gardening.
The final balance of a £5.000 development grant awafded by the Humber Museums Partnership enabled
completion of our Memory Cafè Project which has intrr*luced Memory Boxes and funded community
work with care homes.
The Museum assisted with a new Barton Men in Sheds group. offering a base until ￿rrnanent
accommodation could be sought.
Barton Volunteers have begun assisting wtth care of the Playground and site plantings.
Volunteers
There are 35 volunteers. Recruitment has been prob￿rnatiC and volunteer numbers have reduced a little.
Thi5 has been the national trend since Covid in the charity sector.
Our volunteers Continue with their hard work and dedication. Several of them assisted with another
participation in the Mystery Shopper project organised by Museums Development Yorkshire.
Education & Interpretation
A record number of leaming sessions were delivered. A small team of slaff laughl 127 sessions to 33
schools involving 1.592 children and their accompanying adults. equivalent lo an audience of 3,709
session places. The demand has stretched our limrted staffing capactty. The Joseph Wnghl Hall has
provided essential accommodation for learning activities, lunch and cloakroom facilities.
Work has begun on updating each of the leaming Sessions and as￿lated scripts and teaching notes.
An extension of the Administration Assistant's paid hours provtded essential capaclty to deal with school
and group bookings. All ￿kIng admini5trab.on has been revwed and updated.
Adult group visits were slower lo recover following Covid". Five groups involving 72 Part￿1PanIS visited the
Museum.
Displays & Exhibitions
A display about the nineteenth century philanthropist Vere Foster and his work improving schools in
Ireland was added to the Reminiscence Classroom.
Archive research has begun on living memories of the Barton Church School.
Events
There was a successful Bunny Trail for children al Easler folkjwed by Wilderspin's Marvellous Menagerie
trail in the summer.
Barton Christmas Festival was back to pre£ovid levels and proved to be very suecessful once again.
ReguLgr quiz nights have also proved popular.
The Memory Café Project lunded by the Humber Museums PartneF5hip in 2021122 led to the creation of
a Chatty Café organised by a small, di9￿te group of volunteers who organised monthly conversation
sessions based on museum or other themes.
Anolhei Open Day was held in September to raise the profile of the Mvsevm and recruit volunteers.
A ￿duced programme only was possible fof Heritage Open Days which adopted a local theme of
"Heritage Without Walls" in partnership wlh other venues in the town. There were 568 participants in the
joint Barton programme.

UEEN STREET SCHOOL PRESERVATION TRUST
Re
ort of the Trustees for the
ear ended 31 Au
ust 2023
conlinued
Building Assets
School (Museum)
The Office was re-located back to the School followng its temp)rary move to create safer 5pa¢e for the
Old School Canteen coffee shop dunng Covid.
Joseph Wrlghl Hall
Improvement works were much delayed. However. work on a new fire refuge and staircase are now
underway.
The Trust is grateful for funding support tor this project whth has included."
8ern8rd Sunley Foundation
Foyle Foundatson
Sir James Reckitt
Keigar Homes
Banks Group
N Lincs Community Fund127%)
Private donors
Storage and workshop spaces have been created. Other works have in¢luded fire safety and electrical
cettficalion safety work.
Aelberry Buildlng
One business unit Continues to be used by Humber Clockworks. In May, the remaining ￿ units were
occupied by the Humber and Wolds Aclion Group. The first flc4)r continues in ijse as Museum storage.
Alms for the Future
There will be a recruitmenl drive to eno)urage more volunteers lo I￿n us. This would ease the workload
of our existing Voluntee￿ and give us more potential to gr(Iw in the future.
Other priorities include.. volunteer ￿OrdinatIon and management.. expansion of education and learning
opportunities", better marketing and improved use of social media. These May be hel￿d by a local
partnership with other local heritage venues as part of a pilot Barton Heritage Project in 2022123.
Improved access lo our collections and a wider appre¢ration of the importance of Samuel Wilderspin's
conlribuhon to British education through outreach events and creative interpfetation.
The increase in costs, utilities in particular, has been a source of coneem and inve5tsgations are ongoing
into how these can be mitigaled induding measures to improve energy conservation.
11 is hoped that ifflprovement5 to fire safety Measu￿5, accessibility and customer facilities in the Joseph
Wright Hall will enable us to increase capacity in the Auditorium, and make the spaces more attractive to
potential user5 and community groups.
We continue to look for grant funding lo enable us lo remain sustainable and grow in financial terms as
well as lo enable us lo carry out future improvement works.
Flnancial Review
The Slalemenl of Financial Activits-es (SOFA) showE that at the end of the financial year we had positive
reserves to carry foNard of £ 499,482. compared posrtr¥e reserves of £520,640 at 31 August 2022.
The Trustees are continuing fundraising actNitr"e5, and income from rents and organi5ed school and other
V1511s are increasing. We are confident therefore that our activities are sustsinable and that we are on
course to increase the surplus on unrestncted reser¥es_ The TnJstee5 consider it prudent that
unrestricted reserves shoLtld be sufficient lo cover at least one yearfs operating costs.

UEEN STREET SCHOOL PRESERVATION TRUST
Re
ort of the Trustees for the
ear ended 31 Au
ust 2023
continued
Strncture. governance and management
Corporate status
The o)mpany was incorporated as a private company limited by guaranlee without share capital.
Organisalion
As referred to above, the company is managed by the board of Trustees which is elected al the Annual
General Meeting. The company delegates responsibility for the day to day running of charitable matters
lo the Oevelopment Officer. via the Council of Mana9ement and Finance.
Gov•mance
The Trust continues to be run aceording to our Arttles and PAemorandum. bearing in mind the Charity
Commission's general guidance on public benefit.
The Trust is represented al regular meetings of the Lincolnshire Heritage Network, Barton Tourism
Partnership and Museums Development Yorkshire Forum.
Appointment of a volunteer Museum Mentor has been agreed with Arts Council England lo assist the
Trust with ils Museum Accreditation.
The Trust has fostered links wrth Homes Museum volunteers to share ￿eaS and good practice.
Small companie5 provision
The report of the trustees has been prepared taking advantage of the small companbes exemptson of
SeCt￿n 415A ol the Companies Act 2006.
By order of the Board
Jean Cannon
Chairman
Date..
2024

UEEN STREET SCHOOL PRESERVATION TRUST
Income and ex
enditure account
Year ended 31 Au
ust 2023
2023
2022
Incom•
68.908
64,876
Investment inGome
4c6
40
Gross Income
69.314
64.916
Expendlture
90.472
77.262
Net l•xpenditur•yincome
121.1581 112.3461
The income and expenditure account has been prepared on the basis that all operations are continuing
operab"ons.

UEEN STREET SCHOOL PRESERVATION TRUST
Statement of Financial Activities
For the
ear ended 31 Au
U5t 2023
Unrestricte
Note Funds
Restricted
Funds
Total
2023
Totsl
2022
Income from:
Donations
Gift Aid Claim5
Charitable activities
Other trading activit￿S
Investment income
Govemment grant
9.026
763
2 13.530
3 45.589
4c6
9,026
763
13,530
45.589
4C
4,280
2,237
24,050
27,642
40
6,667
Total income
69.314
69,314
64,916
Expenditure on:
Charitable a¢lNlties
GovernanGe ¢osts
4 87,521
2.951
87.521
2,951
76,017
1,245
Total expenditure
90.472
90.472
77,262
Net income
13 121.158)
(21,1581 {12,3461
Total funds brought foThvard
13 50,640
470.000
520,640
532,986
Total funds carried forward
13 29,482
470.ofyj
499.482
520,640

io
UEEN STREET SCHOOL PRESERVATION TRUST
Com
an
Number 2844791
Balance sheet
Asat31Au
ust 202
Total
2023
Total
2022
Noles
Flxed assets
Tangible assets
10
560.000
560.QOO
Current assets
Stock5
2.314
2,314
Debtors
11
335
525
Cash at bank and in hand
39.15%3
59.210
Totsl current ass
41.845
62,049
Creditorn.. Amounts falling due wthin one year
12
12.363
11,409
Net currenl assets
29.482
50.640
Total assets less current liabilities
589.482
610.640
CTeditors-. Amounts falling due more than one year 10
90.000
90,000
Net assets
499.482
520.640
Funds of the chari
Unreslrieted fund
13
29,482
50.640
Restn"cled income funds
13
470,000
470.000
Totsl charit lunds
499.482
520.640
For the year ended 31 August 2023 the company was entitled to exernpt￿)n from audrt under sectson 477
of the Companies Act 20C6 relats.ng lo small companies.
Oirectors. responsibilities..
the members have not required the company to obtain an audit of its accounts for the year in
question in accordance wth section 476..
the directors acknowledge their reswnsibilits.es for complying with the requirements of the Act with
respect to accounting record5 and the preparation of ￿oUnts..
These financial statemenls have been prepared in acLx*rdanee with the special provisions relating to
companies subject to the small companies regime within Part 15 of the Companies Act 20C6.
The financ
ernents were approved by the 8oard on
2024.
.Jean Cannon, Chaiman

QUEEN STREET SCHOOL PRESERVATION TRUST
Notes to th¢ financial statements
Year ended 31 Au
ust 2023
1 Summa of si
nifieartt accountiTr
licies
(al General infonnatlon and basis of preparatlon
aueen Street School Preservati)n Trust is a private company limited by guarantee incorporated in
England. In the event of the charity being wound up. the liabilrty in respect of the guarantee is lirniled
10 £1 per member of the charity. The address of the registered office is given in the charity
infomalion on page 1 of these financial statements. The nature of the charity's operations and
principal activities are described on page 3.
The charity constitutes a pfjjblic benefit entrty as defined by FRS 102. The financial sialemenls have
been prepared in accordance wrth Accounting and Reporting by Charities.. Statement of
Recommended Practice applicable to tharilies preparing their accounts in accordance with the
Financial Reporting Standard applrcable in the UK and Republic of Ireland {FRS 102) issued on 19
October 2019. the Financial Reporting Standard applicable in the United Kingdom and Republn of
Ireland {FRS 1021. the Chantses kt 2011. the Companies A¢t 2006 and UK Generally Accepted
Accounting Practice.
The financial statements are prepared on a going concem basis under the historical cost convenb'on.
mOdif￿d io include eertain items al fair value. The financial statements are p￿Sented in sterling
which is the lunclional currency of the charity and rwnded to the nearest £.
The sonificanl accounting wI￿leS applied in the preparation of these financial statements are set out
below. These policies have been con51StenUy applied to all years presented unless othetwise stsled.
(bl Income recognition
Grants received of a revenue nature are credited lo Incoming Resources in the Ststemenl of
Financial Activities when the company is legally enti￿ed to the income and the amount can be
quantified with reasonable accuracy.
Services provided, investment income and rents are accounted for on the accruals basis. Other
income is accounted for when retsived. All income is sh¢)wn gross with associated costs included in
expenditure.
Grants received lo fund the purchase of fixed assets are credited lo the Statement of Financial
Activrties when the ¢ompany is legally entrtled lo the income. The related expenditure is charged to
Fixed Assets in the Balarsce Sheet.
(cl Expenditure recognftlon
All expenditure is accounted for on an accruals basis and has been dassified under headings that
aggregate costs ￿lated to the category. Where costs cannot be dire¢Uy attributed to particular
heading5 they have been allcKaled lo activit￿5 ors a basis ¢onsi5tent with the use of resources.
(dl Tangible flxed assets and depreeiation
Tangible fixed assets are slated at Cost less depreciation. Depfecialion is provided at rates
calculated to write off the cost less estimated residual value of each asset over its expected useful
Long lemi leasehold land and buildings are sho￿￿ at open market value.

12
UEEN STREET SCHOOL PRESERVATION TRUST
Notes to the financial ststements
Year ended 31 Au
ust 2023
le) Funds
Reslricled funds are funds which are to be used in accordance with specific reslriclions imposed on
donors. Restricted funt1s afe accounted for separately from each other and from the core funding of
the company.
General funds a￿ Un￿StrICted funds which are available for use at the discretion of the trustees in
the further8n¢e of the general obieclives of the charity and which have not been desvJnated for other
purwjses.
2 Income from charitable activitles
Unrestricted
Fund
Total
2023
otal
2022
Other grants
13.530
13.530
24.050
13.530
13.530
24.050
3 Income from other tradln
activS1ies
Unrestricted
Funds
Total
2023
Total
2022
Shop sales
Group visits
Events
Entrance fees
Second hand btsjks
Sundry income
Catering and conferencing
Qui2zes
Lottery Club
Education
Rent and facility hire
1,732
387
2,365
1.990
275
1.993
1.732
387
2.365
1,990
275
1,993
2.814
185
1,606
23
326
415
11.873
23.612
621
326
415
11,873
23,612
621
350
4,115
18,015
528
45.589
45,589
27.642

13
UEEN STREET SCHOOL PRESERVATION TRUST
Notes to the financial statements
Year ended 31 Au
USI 2023
4 Ex
enditure on eharilable actlvities
Unrestricted
Funds
Total
2023
Total
2D22
ArchNes and collections
c￿anIng and waste
Salaries
P8nsion contributions
Shop stock
Refteshmenls
Events
Equipment and materials
Telephone and postage
Eleclricily. gas and water
Business rates
Marketing and advertising
Education and OLtlreach
Miscellaneous
Insurance
Premises repairs and maintenance
Printing and stationery
Bar
JWH development project
JWH Back Stair5 project
JWH Electrics project
MDY voluntsry video
Memory café project
Get involved HLF project
250
1,046
21,913
25
28
54
934
30
900
9,808
1,761
130
2,296
936
3,919
8,253
999
159
2.CQS
23.528
2,005
23,528
785
98
2.158
69
30
21,671
1,708
742
4,179
1.169
2,676
3,612
1.014
374
1,947
18.012
785
98
2,158
69
30
21.671
1,708
742
4.179
1,169
2.676
3.612
1.014
374
1.947
18,012
14,050
1.600
1.492
5.434
1.744
1,744
87.521
87.521
76,017
Unrestricted
Funds
Total
2023
Total
2022
5 Govemanee costs
Accountancy
Bank charges
Legal and profess￿nal fees
997
117
1,837
997
117
1.837
1.140
105
2.951
2.951
1.245
6 Staff costs and numbe
2023
2022
Wages and salaries
Pension costs
23.528
21.913
25
No employee received emoluments of rnore than £60.0￿.
The average number of employees during the year was 312022 - 3).

14
UEEN STREET SCHOOL PRESERVATION TRU
Notes to the financial statements
Year ended 31 Au
ust 2023
ralin
su
lus
The operating surplus is after charging:
2023
2022
Independent examinerfs fee
997
978
8 Interest receivable and similar in
rne
2023
2022
Bank interest
406
40
9 Taxatlon
As a charity the company is exempt from Corporation Tax.
10 Tan ible fixed assets
2023
2022
Leasehold Land and Buildings
Value al 1 September 2022 8fKI 31 August 2023
560,000
560,000
North Lincolnshire Council owns the freehold of the land on which the School stands. The Authority
granted a 50 year lease to the Trust. rent free. There is an option to purchase the f￿hOld for £1,
which the Charity is considering.
The buildings themsdves belong lo the Queen Street S¢hool Preservath"on Trust. The precise cost of
bringing the buildings to their present condrtion was £1.765,180.
Such costs were not ¢apitalised as fixed assets in the Balance Sheet as there was considerable
doubl as to whether the costs incurred rep￿sented the true value of the land and buildings. The
Trustees sought an extemal valuation in 2012 which gave a value of £470,000 which was re¢ognised
in the accounts.
In 2015 the Tnjsl acquired the Citadel next door lo the School from The salvab.on Army with a loan
from North Lincolnshire Council for £90.000. An agreement was made lo repay the purchase monies
lo the Council once the buildin9 is refurbished and fully operational as a Community Arts Theatre.
11 0eblor&
2023
2022
Debtors
Prepayments and accrued income
332
522
335
525

15
UEEN STREET SCHOOL PRESERVATI
Notes to the financial statements
Year ended 31 Au
ust 2023
N TRUST
12 Creditors: Amounts fallin
due within on
ear
2023
2022
Trade creditors
Accruals and deferred income
Other creditors
4,659
3.757
1,552
6.100
6,100
12,363
11,409
13 Ateumulate
funds
Restricted
Ca
Fund
Unre5tri¢ted
Funds
Total
As at 1 September 2022
50,640
470,CQO
520,640
Deficit for the year
121.158)
{21,158}
As at 31 August 2023
29.482
470,000
499,482
Unreslri¢ted fund5 are those which can be spent on any actNrty within the charty's overall objectives.
The restricted capital fvnd are ihose funds raised for caprtal spending specifically on the renovation and
restoration of the old school building and OLrtbuik1ings.
14 Anal
sis of net assets between funds
Unrestricted
Funds
Restricted
Fund$
Total
Tangible fixed assets
Current assels
Current liabilities
Long temi liabilities
560,000
560.000
41.845
112,3631
190,0001
41.845
112.3631
19),ClJO)
29,482
470.000
499,482
15 Trustees, remuneration
No remuneration or expenses directly or in¢Jirectly out of the fvnds of the company was paid or
payable for the year to any trustee or to any person or persons known to be connected with any of
them.