Company Number 2844791 (England and Wales) Registered Charity Number 1047187 EEN STREET SCHOOL PRESER ATI N TRUST Acom an limlted b uarantee Flnanclal St For the ear ended 31Au ust 2024 •AE3LJRNU* 2910512025 COMPANIES HOUSE A11
UEEN STREET SCHOOL PRESERVATION TRUST Flnancial statements for the ear ended 31 Au ust 2024 CONTENTS PAGE Company Information Independent Examinerfs Report Trustees, Report 3to10 Income and Expenditure Account 11 Statement of Financial Activities 12 Balance Sheet 13 Notes to the Financial Ststements 14to18
QUEEN STREET SCHOOL PRESERVATION TRUST Com an information for the ear ended 31 Au ust 2024 Chari Name Queen Street School Preservation Trust Chari Number 1047187 Com an Re istration Number 2844791 Trustees John French Louise Harper Graham Cannon Phil Bradley Jean Cannon (Chair) lan Wolseley Charles Dickens Stephanie Codd ecreta lan Wolseley Princi al Addre Wilderspin National School Queen Street Barton upon Humber North Lincolnshire DN18 5QP istered Office Queen Street Barton upon Humber North Lincolnshire DN18 5QP de endent Examiner John Heeney BA {Hons) FCA RNS Chartered Accountants 41 High Street Barton upon Humber North Lincolnshire DN18 5PD
UEEN STREET SCHOOL PRESERVATION TRUST Inde endent Examiner's Re rt to the Trustees fthe ueen Street School Preservation Trust I report to the charity trustees on my examination of the accounts of the company for the year ended 31 August 2024 which are set out on pages 11 to 18. Res onsibillties and basis of re ort As the charity trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act,). 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 examination, I report in respect of my examination of your company's accounts as carried out under seclion 145 of the Charities Act 2011 {'the 2011 Act,). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. Inde end ex min ent I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect.. accounting records were not kept in respect of the company as required by section 386 of the Companies Act 2006., or the accounts do not accord with those record., or the accounts do not comply with 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 accordance with the methods and principles of the Statement of Recommended Practice.. Accounting and Reporting by Charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). I 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. John H•en• Hon3 FCA RNS Chartered Accountants 41 High Street Barton upon Humber North Lincolnshire DN18 5PD 2025
QUEEN STREET SCHOOL PRESERVATION TRUST Re ortoft Tr tees for the ear ended 31 A ust 2024 The Trustees present their report and financial statements of the charity for the year ended 31 August 2024. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities" (FRS 102) in preparing the annual report and financial statements of the charity. Reference and administrative details Trustees The Twstees who seNed during the year and since the year end were as follows.. John French Louise H8rper Graham Cannon Phil Bradley Jean Cannon lan Wolseley Charles Dickens Stephanie Codd Caroline Edwards (appointed 201h March 2024, resigned 22nd April 2024) The members of the Board of Trustees are elected at the Annual General Meeting by the members of the charity, and usually serve for a three-year term. The company is limited by guarantee therefore none of the trustees have an interest in share capitsl. Objectives and principal activities Queen Street School Preseplation Trust is a Registered Charity, the objectives of which are.. To acquire, presenie and maintain the old school and other buildings in the Queen Street area, and to carry out repairs, alterations, maintenance and construction on the same in order to create an educational, heritage and community centre for the benefit of the people of Barton, visitors, schools and educational historians, To continue to pSeNe and maintain and to manage the said centre. To acquire and maintain for the advancement of education a museum comprising 8 collection of artefacts for display and study purposes on the subject of the history of prirnary education with particular reference to Samuel Wilderspin and his role in it. The principal activity of the company is the preservats'on of the Queen Street School (known now as Wilderspin National School) for the benefit of the inhabitants of Barton upon Humber. Statement for public beneflt tsst for charlties In setting our objectives and planning our activities the trustees have given careful consideration to the charity commission general guidance on public benefit.
QUEEN STREET SCHOOL PRESERVATION TRUST Re ortof e Trustees for the ear ende ust 2024 ontinued Statement of the Trustees, responsibilities The trustees (who are also directors of the charity for the purposes of company 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 Practice). 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 charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the twstees are required to,. select suitable accounting policies and then apply them consistentty.. obseprfe the methods and principles in the Charities SORP 2015 {FRS102)" make judgements and estimates that are reasonable and prudent., state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements,. prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue to operate. The trustees are responsible for keeping adequate accounting records that disclose with reasonable atcuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguardin9 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 information of which the charitable company's auditor is unaware., and. the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditor is aware of that information Achievements and performance We welcomed $59 visitors to the Museum [compared to 1,014 in 2022123., down 540/0]. Like many museums, post pandemic recovery is taking time. 140 of visitors were children [249 last year] and 419 were adults [765 last yearl. Twenty-five per cent were children in family groups- similar to the previous year. Notably, 72 /0 of all visitors (includin9 school groups) were children. Most visitors (650/0) visit in family groups., about 19°/o as couples, and 6./0 as individuals. Since opening in 2009 the Museum has welcomed 147,885 visitors and participants in our èvents prograrns. Communlty Engagement Barton VEA disbanded in its centenary year. The Group met regularly at Wilderspin but has been superseded by Lifelong learning at Barton (LLaB)- Barton Civic Society conlinued to make regular use of the Joseph Wright Hall for public lectures, and other rooms for committee meetings, and storage and work on their archive. A sewing group run by textile artist Nicky Dillerstone took part in our wartime event and continued with regular meetings. We were thrilled that our Memory Café Project, launched in 2022, was awarded a Marsh Award for Museum Learning by the Brrtish Museurn and the Marsh Charitable Trust. Various groups continued to make weekly use of spaces in the Joseph Wright Hall including woodcarvers, painters and textile spinners. The Museum has been a key partner of the Barton Heritage Project spearheaded by The Ropewalk and in collaboration with other heritage organisations in the town.
UEEN STREET SCHOOL PRESERVATION TRUST Re ort of the Trustees for the ear ended 31 Au U8t 2024 continued Staff & Volunteers The Trust continued to employ a part-time Business & Site Manager. a part-time Administration Assistant and a part-time Caretaker Icleaner. As expected there has been turnover of volunteers but the team still hovers around 35 members. Some of the regular teams have not recovered to full strength since the pandemic, Maintenance, Gardening and Reception teams have been a challenge to re-build. Some of our volunteers took part in 2 dementia awareness training sessions delivered as part of the Barton Heritage Project. Others have represented the Trust at Museums Development Yorkshire forums,. North Lincolnshire Tourism Network; Barton Heritage Project., Barton Tourism Partnership,. and the North Lincolnshire Heritage Netsvork. D18plays As part of the Barton Heritage Project, and with the involvement of temporary Project stsff, we took pop- up displays to 9 venues including the Barton Hub and The Ropewalk promoting the Museum and soliciting memories of schooldays and school dinners in particular. A display was curated by Project staff for public exhibition at Barton Library. We also worked with pupils from Castledyke School to produce a display of some of 8arton's Victorian buildings. The construction of the School was researched by our Collections Group who produced a display which was included in the 2024 Heritsge Open Days festival to mark the 180th annlversary of the School's construction. Ev.ents The Museum organised 16 events involving 130 children and 1.142 adults, totalling 1.272 people. Fourteen additional performances and lectures in the Joseph Wright Hall were organised by external organisations involving a total audience of 999. Our 2024 Events programme was launched at Easter starting with the popular Bunny Trail. We were hopeful a seaside-themed day would be a popular reminiscence event but were disappointed with low visitor numbers. Retro Games from our archive were more popular and had good reminiscence appeal. Our quiz nights have become regular events three times a year and continue to raise additional funds. Our Chatty Café Group continued to organise occasional themed events linking with the coffee shop and our Memory Boxes. External organisaiions continued to use the Joseph Wright Hall fortheirown productions including Friends at Barton who performed again in the Joseph Wright Hall with their production of Pinocchio. There were five very successful, sell-out performances to over 600 people. Other Lives Productions and Hambleden Productions performed their own shows at the Hall. The Heritage Open Days theme for Lincolnshire was °Cre8tivty Unwrapped, and the major part of our programme was a very successful arts and crafts festival with displays, workshops and a crafts fair which attracted over 250 people. The school visits session "History Underfoot. was adapted for families during the Council of British Archaeology's Archaeology Month in June.
UEEN STREET SCHOOL PRESERVATION TRUST rt of the Trustees for the ear ended 31 Au ust 2024 continued 8usines8 Tenancies & Faclllty Hir• The Old School Canteen coffee shop closed at the end of the year after six years due to burgeoning energy and supplies costs which rendered its continuing operation unsustainable without ongoing subsidy. The vacant space is being used once again for meetings, groups and pop-up activities. An experiment with a community café (Slow Circular Earth) was trialled but ceased after the summer. There were 679 customers during the three months of operation. Humberside Clockworks and Humber & Wolds Rural Action business tenancies have continued in the Aelberry Building business units. There were 214 room hires involving 2,762 people across both buildings. The Ward Room in the Museum was hired 22 times involving 229 person uses. The were 192 room hires in the Joseph Wright Hall involving 2, 533 person uses: The Primary Room was used 88 times involving 572 person uses. The Community Room was used 37 times involving 544 person uses. The Auditorium was used 33 times (excluding use by school groups) by 1,295 person uses. A resident group of wood caplers used the workshop 34 times involving 122 person uses. Buildings Commlttee As part of the restructuring of the managernent of the School Museum, a Buildings Committee was established. Its role covers the improvement, development and maintenance of the site and the three buildings in our care, especially the ongoing restoration and conseniation of their historic fabric. Also, the health, safety and security of the whole premises. Pursuit of grants towards these works is an important element in the role of Ihis committee. The Committee of six members held quarterly meetings, the inaugural meeting being on the 16th of April. Its proceedings are reported to the Council of Management. Under the auspices of this Committee, the Joseph Wright Hall Project Development Working Group has been re-established, continuing to progress the refurbishment of the Hall, especially the ongoing installation of new Back Stairs, a project which has made steady but sure progress. This has included a wheelchair refuge area and a new staircase enabling us to increase capacity in the Auditorium. A rather depleted but willing Maintenance Team tackles some routine work of repair and care of our premises forwhich we are most grateful. More volunteers to assist with this vital work are urgently needed. Educatlon & Interpretatlon Commlttee Education There have more school visits this year [2022123 figures in bracketsj.. 41 [361 involving 1.666 children [1,800]. More learning sessions were delivered.. 137 [124 - an Increase of 100/oJ to a total audience, including accompanying adults, of 3,628. School visits revenue was £13,0761£11,9191. Costs, including training and logistical coats, were £3,903 1£4,1301. Net income was £9,1741£7,789]. The Group Tour has been revised to reflect changes to room displays. Only one organised group visited during the year, but informal weekend tours were also introduced
UEEN STREET SCHOOL PRESERVATION TRUST Re ort of the Trustees for the ear ended 31 Au ust 2024 continued Interpretation No major changes were made to the permanent displays since the revamp in 2022123 but a regular annual inspection and cleaning programme was completed by the Collections Group during the winter. As part of the Barton Heritage Project an exhibition, 'My Doorstep My Heritage" was created involving pupils from Castledyke School. The Playground featured as one of the Barton Open Gardens in June. Barton Volunteers continue to manage the gardens in the absence of a dedicated volunteer group. Monthly 9uided tours were trialled during the winter closure to maintain the Museum's profile during the winter. A series of Winter Warmer open days, with rerniniscence themes, were held during the closed winter period. Barton Herltage Project This was a six-month project spearheaded by The Ropewalk. It was collaboration behveen The Ropewalk, Wilderspin and north Lincolnshire Council as key partners with involvement by other local heritage organisation. It aimed to share knowledge and support each other through marketing, education, community engagement and training. Four part time staff were recruited to coordinate volunteers in Barton, partnership marketing, education and community outre8ch. The project was funded by UK Shared Prosperity Fund. Two outreach boxes We devised as part of the project which were trialled at 5 care homes. Two outreach sessions were delivered to an audience of 25 at Living Later Life Well at Trinity, and to 30 pupils at Castledyke School. An exhibition 'My Doorstep My Heritage" was curated with pupils from Castledyke School. Four themed sessions were organised during the winter-closure period. A small exhibition about Victorian schools was dismayed the Baron Library Hub. A pop-up display was displayed at four community venues. 4 outreach reminisce events We held. Collections Committee Core Collectlon Material held at Lincoln Archives, including School Log Books, are to be researched and copied. Further involvement of Consultant Archaeologist (restoration) is urgently required. Further oral history recording of former pupils has been undertaken. Transcribing had been started but this is going to be a substantial undertaking requiring additional volunteer support. John French is preparing a donation of a collection of education books to further the Trusys mission to create a significant research resource.
UEEN STREET SCHOOL PRESERVATION TRUST Re ort of the Trustees for the ear ended 31 Au ust 2024 continued Handling Colleclion The Collection has been used to support our Chaty Café and Winter Warmer reminiSnCe events. guided tours, education programme, revamp of the Ward Room (ex Old School Canteen) and Rex Russell Memorial Study Day. Memory (handling) Boxes for use in the Museum and offsite is continuing following the success of the Memory Café project which was awarded a Marsh Award for Heritage Education. Permanent Loans North Lincolnshire Museums and Leeds University Loans". the qUId update and reviews were completed. NLM has proposed a permanent transfer of much of the consignment. Museums Accreditation The Committee has scheduled tasks as part of Accreditation Review required by 2027, including the Collections Development Policy. Ali Bodley is our Accreditation Mentor. Improved physical and digital access to the Collection will require IT upgrade and additional volunteer support. Emergency Plan Modifications to the Store have prioritised the Core Collection for speedy removal in an emergency. A practice evacuation is to be planned. Forward Plan Addilional volunteer support is required for some of the planned tasks. IT upgrade is urgently needed. The Collections Group This is a working group of five volunteers which meets regularly each week to care for the Trust's Collection and Archive. The Group applied for and VRS awarded a grant from Museum Development Yorkshire (Arts Council England) which was used to provide a fvrftrday intensive training course on how to conserve and clean artefacts. This knowledge and specialised cleaning materials bought with the grant was used when undertaking the annual cleaning of the museum in the winter of 2023-2024 and beyond. The team was asked to create a display for the Barton contribution to the Heritage Open Days event in September 2023. We did this by researching the earliest photographs relating to the school to some of the final school events held at the Barton Church of England School. The display about the Barton Church School between 1880 - 1978 was entitled School Life.. Memories and mementos of school days. The earliest photograph was of Solomon Ward and his wife (he was the headmaster of the boys, school 1880- 1919) and the latest artefact was a programme for the Terrific Talent Contest.. 9th April 1974. Janet Smurthwaite, a member of the Collections Group taught at the school until it moved to new premises in 1978, was able to provide many valuable insights into this, and other, events. There were many photographs and pieces of ephemera in between those dates. One was a photograph of a cookery class at the School and we also displayed some old recipe books from the collection alongside the photograph. This, and other parts of the display, were included in outreach sessions held in various parts of Barton thus reaching a wider audience including the Barton Hub and Living Later Life Well at Trinity. The Group completed a winter cleaning of the pemianent displays.
UEEN STREET SCHOOL PRESERVATION TRUST ort of the Trustees for the ear ended 31 Au ust 2024 continued Delivery & Operations Committee This Committee has met monthly. Its inaugural meeting confirmed its remit to oversee the public operation of the Museum including routine visitor Seices, site management (including health & safety) and tenants, I hirers, services. The Business & Site Manager is a member of the Committee. A separate Marketing & Events Group coordinated the Museum's Events programme. Future Aim8 Looking ahead there are several priorities for the Trusi- Recruitment of more volunteers Increase the number of events and exhibitions Marketing and advertising review Completion of refurbishment of Joseph Wright Hall Reduction ol the Mus8um's Carbon footprint through improved energy conseNation Addilional grant funding to help with mainlaining the fabric of the buildings, increased staffing capacity and to enable us to increase visitor numbers Fopward Plan 2025 - 2030 Celebrating the bicentenary of Samuel Wilderspin's travels Further development of the Barton Heritage Project Flnanclal Revlew The Statement of Financial Activities {SOFA) shows that at the end of the financial year we had positive reserves to carry forward of £480,834, compared with positive reserrfes of £499,482 at 31 August 2023. Structure. governance and management Corporate status The company was incorporated as a private company limited by guarantee without share capital. Organisatlon Management of the Trust changed during the yearto better manage the workload, and distinguish long terni, strateglc planning from the routine, day-to-day management. The Company (Queen Steet School Preservation Trust) remains unchanged with its affairs reported at an Annual General Meeting. It delegates management of the Museum to the Council of Management. The Council of Management is now a smaller strategic steering group and focusses on key priorities: BUILT HERITAGE,. COLLECTIONS & ARCHIVE; EDUCATION & INTERPRETATION., OPERATIONS" FINANCE,. PERSONNEL., GOVERNANCE and ACCREDITATION.
10 UEEN STREET SCHOOL PRESERVATION TRUST Re ort of the Trustees for the ear ended 31 Au ust 2024 continued Five committees now manage different aspects of our work. Delivery & Operations Committee Monthly meetings to manage the day to day running of the site. In the absence of a paid CEO the Chair has responsibility for day-to-day operations. Education & Interpretation Committee Coordinates school & group visits, and displays & exhibitions with 3 x termly meelings each year. Bulldlngs Commlttee Quarterly meetings to manage the care of each of the historic buildings (conserrfation, restoration, refurbishment. capitsl grant projects etc.). Collectlons Commlttee Separate from the Collections Group, and with a more 'strategic° reviewing role, the Committee meets 3 times a year with oversight of Collection Policy, acquisition and disposal, and Accreditats'on requirements. Flnance Commlttee Focuses on financial planning and budget control and applying for grants. Each of the Committee Chairs is a rnember of the Council of Management to link strategy and "on the ground. delivery. Other trustees, volunteers, paid staff and co-opted experts are encouraged to be part of the committees, but the Council of Management consists exclusively of the charity's trustees. Informal working groups continue in areas like gardening, collection care and maintenance etc. Governance In August 2021 John Walker retired as Chair of the Trust, and lan Wolseley retired as Development Officer. Both had been in their respects've roles for over fifteen years. The Trust was Immensely grateful for all their work which spanned the restoration project of the School, the launch of the Museum and establishing the Wilderspin & National School Museum as an important visitor attraction and community asset. lan Wolseley took over as interim Chair of the Trust until April when Jean Cannon was elected. Small companies provisions The report of the trustees has been prepa taking advantsge of the small companies exemption of section 415A of the Companies Act 2006. By order of the Board Jean Cannon Chairman Date". Z74 fil
QUEEN STREET SCHOOL PRESERVATION TRUST Income and ex enditure account Year ended 31 Au ust 2024 2024 2023 Income 58.802 68,908 Investment Income 534 408 Gross income 59,336 69,314 Expendltur• 77,984 90,472 Net (expendltureVlncom• (18,648) (21,158) The income and expenditure account has been prepared on the basis that all operations are continuing operations.
12 UEEN STREET SCHOOL PRESERVATION TRUST Statement of Financlal Activities For the ear ended 31 Au ust 2024 Unrestricted Restricted Funds Total 2024 Total 2023 Income from: Donations Gift Aid Claims Charitable activities Other trading activities Investment income Government grant 1,770 1,746 7,830 3 47,456 534 1,770 1,746 7,830 47,456 534 9,026 763 13,530 45,589 406 Total Income 59,336 59,336 69,314 Expondituro on: Charitable activities Governance costs 4 75,961 2,023 75,961 2,023 87.521 2.951 Total expendltur• 77,984 77,984 90.472 Net Income 13 (18,648) (18,648) (21,158) Totsl lund$ brought forward 13 29,482 470,000 499,482 520,640 Total fund8 carrled forward 13 10,834 470,000 480,834 499,482
13 UEEN STREET SCHOOL PRESERVATION TRUST Com an Number 2844791 Balance sheet Asat31Au ust 2024 Total 2024 Total 2023 ote Fixed assets Tangible assets 10 560,000 560,000 Current assets Stocks Debtors Cash at bank and in hand 2.314 589 18,753 2,314 335 39,196 Total current assets 21,656 41,845 redlto Amounts falling due within one year 12 10,822 12,363 urrent as 10,834 29,482 Total assets less current liabilities 570.834 589,482 Creditofs.. Amounts falling due more than one year 10 90.000 90,000 Net assets 480,834 499,482 Funds of the charl Unrestricted fund 13 10,834 29,482 Restricted income funds 13 470,000 470,000 Total charit fund 480,834 499,482 For the year ended 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Directors. responsibilities.. 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 acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparats'on of accounts: These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006. The financial ststements were approved by the Board on 2025. Jean Cannon, Chairman
14 UEEN STREET SCHOOL PRESERVATION TRUST Notes to the financial statements Year ended 31 Au ust 2024 1 Summa ofsi nificant accountin oIiciL (a) General inforniatlon and basls of preparalion Queen Street School Preservation Trust is a private company limited by guarantee incorporated in England. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity. The address of the registered office is given in the charity inft)miation on pag8 1 of these financial ststements. The nature of the charity's operations and principal acts'vities are described on page 3. The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 (as updated through Update Bulletin 1 published on 2 February 2016), the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland {FRS 102), the Charities Act 2011, the Companies Act 2006 and UK Generally Accepted Accounting Practice. The charity has applied Update Bulletin 1 as published on 2 February 2016 and does not include a cash flow statement on the grounds that it is applylng FRS 102 Section 1A. The financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest £. The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless other*vise stated. (b) Income recognition Grants received of a revenue nature are credited to Incoming Resources in the Statement of Financial Activities when the company is legally entitled 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 received. All income is shown gross with associated costs included in expenditure. Grants received to fund the purchase of fixed assets are credited to the Statement of Financial Activities when the company is legally entitled to the income. The related expenditure is charged to Fixed Assets in the Balance Sheet. Ic) Expendlture QgnitIon All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate costs related to the category. Where costs cannot be directly atlributed to particular headings they have been allocated to acts'vities on a basis consistent with the use of resources. (d) Tangible fixed assets and depreciation Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life. Long temi leasehold land and buildings are shown at open market value.
15 QUEEN STREET SCHOOL PRESERVATION TRUST ". Notes to the financial statements Yèar ended 31 Au ust 2024 (e) Funds Restricted funds are funds which are to be used in accordance with specific restrictions imposed on donors. Restricted funds are accounted for separately from each other and from the core funding of the company. General funds are unrestricted funds which are available for use at the discretion of the trustees in the furtherance of the general objectives of the charity and which have not been designated for other purposes. 2 Income from charitable activities Unrestricted Funds Total 2024 Total 2023 Other grants Arts Council Grant 7,830 7,830 13,530 7,830 7,830 13,530 ncome from other in Unrestricted Funds Tolal 2024 Total 2023 Shop sales Refreshments School visits Group visits Events Entrance fees Garden Second hand books Sundry income Catering and conferencing Quizzes Lottery Club Education Rent and facility hire Bar 480 23 480 23 1.732 365 5,189 1,490 365 5,189 1,490 387 2,365 1,990 157 1,516 157 1,516 275 1,993 444 190 12,918 23,450 1,234 444 190 12,918 23,450 1,234 326 415 11,873 23,612 621 47,456 47,456 45,589
16 UEEN STREET SCHOOL PRESERVAfioN TRUST Notes to the financial statements Year ended 31 Au ust 2024 4 Ex enditure on charitable ac Unrestricted Funds Total 2024 Total 2023 Archives and collections Cleaning and waste Salaries Pension contributions Shop stock Refreshments Events Equipment and materials Telephone and postage Electricity, gas and water Business rates Marketing and advertising Education and outreach Miscellaneous Insurance Consumables Premises repairs and maintenance Printing and stationery Bar JldVH development project JWH Back Stairs project JWH Electrics project MDY voluntary video Memory café project G8t involved HLF project 901 957 25,464 163 901 957 25,464 163 2,005 23,528 785 98 2,158 69 30 21,671 1,708 742 4,179 1,169 2,676 74 1,709 661 10 17,937 335 1,508 4,402 1,463 3,052 12 1,230 158 482 74 1,709 661 10 17,937 335 1,508 4,402 1,463 3,052 12 1,230 158 482 3,612 1,014 374 1,947 18,012 15,443 15,443 1,744 75,961 75,961 87,521 Unrestrlcted Funds Total 202 Total S Governance costs Accountsncy Bank charges Legal and professional fees 1,886 103 1,886 103 997 117 1,837 2,023 2,023 2,951 6 Staff costs and numbers 2024 2023 Wages and salaries Pension costs 25,464 163 23,528 No employee received emoluments of more than £60,000. The average number of employees during the year was 3 (2023 -' 3).
17 QUEEN STREET SCHOOL PRESERVATION TRUST Notes to the financial statements Year ended 31 Au ust 2024 tln 8ur The operating surplus is after charging.. 2024 2023 Independent examiner's fee 1,886 997 8 Inte receivable and similar Income 2024 2023 Bank interest 534 406 9 Taxatlon As a charity the company is exempt from Corporation Tax. 10 T ibl• asse 2023 Leagehold Land and Building8 Value at 1 September 2023 and 31 August 2024 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. The is an option to purchase the freehold for £1, which the Charity is considering. 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 doubt as to whether the costs incurred represented the true value of the land and buildings. The Trustees sought an external valuation in 2012 which gave a value of £470,000 which was recognised in the accounts. In 2015 the Trust acquired the Citadel next door to the School from The Salvation Army with a loan from North Lincolnshire Council for £90,000. An agreement was made to repay the purchase monies to the Council once the building is refurbished and fully operational as a Community Arts Theatre. ebto 2024 2023 Debtors Prepayments and accrued income 589 332 589 335
18 UEEN STREET SCHOOL PRESERVATION TRUST Notes to the financlal statements Year ended 31 Au ust 2024 12 Creditors: Amounts fallin due wlthln on 2024 2023 Trade creditors Accruals and deferred income Other creditors 905 3.817 6.100 4,659 1,604 6,100 10.822 12,363 13 A mul d funds Restrlcted nrestrict Fun As at 1 September 2023 29,482 470.000 499,482 Deficit for the year (18,648) (18,648) As at 31 August 2024 10,834 470,000 480,834 Unrestricted funds are those which can be spent on any activity within the charity's overall objectives. The restricted capital fund are those funds raised for capital spending specifically on the renovation and restoration of the old school building and outbuildings. 14 Anal 818 of not as$•ts between funds restricted Funds R tricted Fund8. Total Tangible fixed assets Current assets Current liabilities Long temi liabilities 560,000 560,000 21,656 (10,822) (90,000) 21.656 (10,822) (90,000) 10,834 470,000 480,834 15 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 trustee or to any person or persons known to be connected with any of them.