Company Number 2844791 (England and Wales) Registered Char Number 1047187 UEEN STREET SCHOOL PRESERVATION TRUST Acom limited uarantee Financial Statements For the ear ended 31Au ust 2025 IIIIIIINIII 'AF2YW8MR' 27105r2026 COW•ANIES MlSE A17
107
UEEN STREET SCHOOL PRESERVATI N TRUST Flnanclal ststements for Ihe ear ended 31 Au ust 2025 CONTENTS PAGE Company Information Independent Exaffmnerfs Report Trustees. Report 3to11 Income and Expenditure Account 12 Statement of Finanual Activities 13 Balance Sheet 14 Notes to the Financial Statements 15to19
UEEN STREET SCHOOL PRESERVATION TRUST Com inforniation for the ar ended 31 Au ust 2025 Char Name Queen Street Sch¢)ol Preservation Tnjst hari Number 1047187 om istralion Number 2844791 Trustee John French Louise Harper Graham Cannon Phil Bradley Jean Cannon (Chairl lan Wolseley Charfes Dickens Stephanie Codd Secrets lan Wolseley Princi al Address Wlderspin Nab"onal School Queen Street Barton upon Humber North Lineolnshife DN18 SQP Re islered Offi¢e Queen Street Barton upon Humber North Lincolnshire DN18 SQP Ind nd nt Examiner John Heeney BA (Honsl FCA RNS Chartered Accountants 41 High Street Barton upon Humber North Lincolnshire DN18 5PD
UEEN STREET SCHOOL PRESERVATION TRUST Inde endent Examinerfs Re ort to the Trustees of th• Queen Streel School Preservatlon Trust I report to the charity trustees on my eXaMinatn of the accounts of the company for the year ended 31 August 2025 which are sel out on pages 12 to 19_ Res onsibllities and basls of re As the charity trustees of the cornpany land also its directors for the purposes of Company lawl you are sponsible for the preparab.on of the accounts in accordance with the requirnents ol the Companies Act 20Ck51'lhe 20C6 Act'i. Having satisfied myself that the accounts of the company are not required lo 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 oul under section 145 of the Charities Act 2011 1.the 2011 Act'l. In carrying OLrt my examination I have followed the Directions gwen by the Charty ComMissn under section 145{Sllbl of the 2011 Act. Inde endent examiner's statement I have coff1eted my examination. I confirm.thal no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect" accounting re¢ords were not kept in respect of the company as required by section 386 of the Companies Act 20(6'. c the accounts do not )r with those record., or the accounts do not comply wth the accounting requirements of section 396 of the Companies Act 2006 other than any requirement that the accounts gNe a 'lrue and fair view, whh is not a matter nSIdered as part of an independent examinab"on' or the accounts have not tr*en prepared in accordance with the methods and principles of the Statement of Recommended Practi.. A¢¢ounling and Reporting by Charities applicable lo charities preparing their accounts in accordance witrb the Finan¢ial Repo"n9 Standard applicable in the UK and Republ of Ireland {FRS 1021. I have no concerns and have come across no other mallers in connection with the examination to which attention should be drawn in this report in order to enab a proper understanding of the accounts to te reached. J hn H•ene BA Hon FCA RNS Chartered Accounlants 41 High Street Barton upon Humber North Lincolnshire DN18 5PD 2026
UEEN STREET SCHOOL PRESERVATION TRUST Re ort of the Trustees for the ear ended 31 Au ust 2025 The Trustees present their port and financial statements of the charity for the year ended 31 August 2025. The Iruslees have adopted the provisions of the Stalement of Recommended Pracb"ce ISORPI "Accounts'ng and ReF#Jrting by Chanties. (FRS 102) in preparing the annual reW and financial ststements of the charty. Reference and administrative detalls Tru$t•e$ The Trustee5 who Served during the year and since the year end were as follows.. John French LoUe Harper Graham Cannon Phil Bradley Jean Cannon lan Wolseley Charles Dickens Stephanie Codd 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 capital. Objectives andprincipal activities Queen stet School Preservation Trust is a Registered Chanty. the objectives of which are". To preseNe and maintsin the fonner NatTraI & Infant S¢h¢)ol and the former PrimilNe Methodist Chapel, immediately adjacent lo the School as an edu¢alional, heritage and community centre for the benefit of the people of 8arton, visitors. schools and educational historians. To acquire and maintain for the advancen*nt of education 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 Wilderspin and his role in it. and the former Cha1.. The principal activity of the company is the Pservatn of the Queen Street School (known now as Wilderspin National School) an d the Joseph wn.ght Hamm for the benefrt of the inhabrtants of Barton upon Humber. Statement for public benefit test for charities In setting our objectives and planning oura¢tivits"es the trustees have gNen careful consideration lo the chanty commission general guidance on public benefiL
UEEN STREET SCHOOL PRESERVATION TRUST tsrt of the Trustees for the ear ended 31 Au ust 2025 contlnued Statement of the Trustees, responsibilities The trustees (who are also directors of the ¢harity for the purposes of company lawl 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 A¢¢epted Accounting Praclicel. Company law requires the Irvstees to prepare finanaal statements for each financial year. which give a true and fair view of the slate of affairs of the charitable company and of the incoming resources and application of resources. including the incorne and expenditure, of the chantable company for that period. In preparing these financial statements. the tnjstees are required to". select suitable accounting policies and then appty thern nSiStent., observe the methods and principles in the Charities SORP 2015 IFRS102)', make judgements and estimates that are reasonable and pnJdent". stsle whether appluble UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements.. prepare Ihe financial statements on the going concem basis unless tt is inappropriate to presume that the ¢ompany will ¢onb"nue to operate. The trustees are responsible for keeping adequate accounting records that disc105e with reasonable accuracy at any time the financial positK>n of the charitable company and enable them lo ensure that thè financial statements comply with the Companies Act 2006. They are also fesF4)nsible for safeguarding the assets of the Charitable company and hence for taking reasonable steps ft)r the prevention and detection of fraud and other irregularities. In so far as the trustees are aware". there is no relevant audit inf0matn 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 awa of any relevant audit information and lo establish that the auditor is aware of that information Achievements andperfonnance We welcomed a 131Jh ineaSe in paying visitors this year. 632 compared to 559 in 2023124. 221 visrtors were children1140 last year, up 35%1 and 411 were adults- about the same as last year14191. Thity-five per cent of visitors were children in family groups - an increase of 10% cOmpad to 2023124. 34Yo of all visitors {including school groups) were children. Most visiiors 170%) visit in famity gfOUPS' about 25% as ouples, and 5% as individuals. Since opening in 2009. the Museum has wekomed over 116.000 visiiors and Part1pants in our events programmes. taking the total users of the site to almost a quarter of a million people. Community Engagement Lifek*ng Learning al Barton conb.nue to use the Joseph Wright Hall regularty and have increased the number of lectures Ihey offer. Barton Civic Society continue to use the Hall for their Wb1 lectures. Various other groups regularty use the fxilities. including w¢J)dcarvers. spinners an¢J a painb'ng group. Friends al Barton theatre group have used the Hall for rehearsals and an annual pantomime which a become an estsblished event in the 8arton Calendar.
UEEN STREET SCHOOL PRESERVATION TRUST ort of the Trustees for th¢ ear ended 31 Au ust 2025 continued Stsff and Voluntews The Trust continues lo employ a part Adminrstration Assistant and part time Cleanerlcaretaker. The previous Business and Site Manager was not replaced when she retired. Volunteers have picked-up much of the workload where they can while the Trust considers how best to shape a broader heritage management role to help a¢b"on its future plans. The recruitment of volunteers remains a challenge and this remains a priority to enable the Trust to continue and rebuild teams. Members represent the Trust at Museums Development North forums. North Lincolnshire Tourism NetMork, Barton Tourism Partnership and the North Lineolnshire Heritsge Neork. As well as promoting ourselves it is also U5efvl to ex¢hange ideas and infom)abon with other similar organisations within our area. Events The 2025 Events programme was launched in April as part of a Barton Heritage Easter Weekend - a local version of Heritage Open Days coordinated by Barton Heritage Partnership. During the school Summer holidays we pik)led weekty Playground Picnic where families were encouraged to bring a pniC and tske part in a variety of activities led by our Educatson Team. The experiment was a success Wlth over 60 ¢hildren taking part so the Trust is seeking funding to repeal the scheme in 2026. A 19405 day was held in the summer. This proved extrerrety popularwith period vehicles and entertainments. Over 500 people look part. The event was funded by the Nab"onal Lottery Community Fund with additional support from Barton Town Council 2024 was the 30th year of Heritage Open Days we joined Heritage Lincolnshire lo celebrate how people and ideas have moved around and come together throughout history. One of our events, Train Up A Child, invofved a re*na¢tmenl of a procession from St. Mary's Church and an Exhibition Lesson demonstrating Mr. Wilderspin's innovative Infant System. 180 years after the laying of the foundation stone for the National & Infant School. The popular Quiz Nights again tcx)k place 3 times helping to raise funds. A pop-up café was very successfvl at both the Barton Bike Night. 1940s day an¢J Christmas Festival. Volunteers have helped provide a good refreshments substitute for the formercoffee shop al events. Several have oblained Food Hygiene certifitsb.on to enable this to devek¢P further. Friends at Barton's annual pantomime was Mother Goose. Imiilsl thi5 15 an external group, we work closely together with them to provide staffing, rehearsal space and a bar, which again raises fvnds. The re weie five perf0MnceS with very lew tKkets left unsold. Barton Musical Theatre Group also put on a perfomian¢e and used the Joseph Wnght Hall for rehearsals.
QUEEN STREET SCHOOL PRESERVATION TRUST Re ort of the Trustees for the ear ended 31 Au ust 2025 COnnUed Business Tenancies and Facility Hlrn Humberside Clockworks and Humber & INolds Rural Acts"on continue to rent the business units In the Aelberry Building. Community hire of roorns. rnosuy in the Joseph Wright Hall. involved over 2.458 people, and there were 207 room bookings. Over S,000 people made use of the Hall which is now uucial to the Museum's operations - providing indispensable edu¢alKin Spa and rooms for communtty hi lo supplement the Trust's income. There were 166 room hires for business I communty events in the Joseph Wright Hall invoNfing 2,265 users. The Auditorium was use(1 for 12 performances and 7 Publ lectu5. 2 museum events and 25 school visits. The 8¢th and Raikes Rooms were used regularfy for lectures. art dasses and spinning & weaving meet- ups.. A resident group of wood car¥ers continues to use the workshop for weekly sessions. Bulldings and Malntenance Committee John French Chair This Committee continues to hold quarterty meetings: and the role ol the Joseph Wright Hall Project Development Working Group has been incorwrated into the work of this committee. Joseph Wright Hall Development Staining and varnishing of the new Back Stairs was ¢arrEd oul by a willing band of volunteers. making use of the stairs more practicable. ConSerable attention has been given to fvture general repair, Improvent and upgrading of this building, esFecially the toilets, replacement of the InefficEnt and unsi9hlly fiuorescenl IwJhts. In the auditorium. rewiring of the first Iloor. togetherwrth the Xa"0n of the inconveniently sited main electrical consumer unrt. Atso, mst importanuy, the provisb)n of a new water supply is needed to replace the leaking, old iron pipework. This needs urgenl attention in 2025-26. However. the Twsl has decided to suspend further piecemeal refurbishment which ¢an be disruptive. and rather lo plan for Comprehensive works. once funding is secured. Repair of the k>uvred vents and installation of an a5$ walkway in the main roof space was done by volunteers. Buildings Management Security and health and safety issues have teen addressed as necessary.
UEEN STREET SCHOOL PRESERVATION TRUST Re ort of the Trustees for the ear ended 31 Au ust 2025 ntinued Maintenance The Boilers in all our buildings have recerved their annual serv. An outbreak of Dry Rot in the VWW11 Classroom appears to have been largely caused by inadequate sub-fl¢)or venb"lalion', and may cost between £5,001> £10,000 to remedy. This has led to the need for fvrther investigation for similar outbreaks throughout the rest of the old School building. Water Ing$$ io the Wlderspin Schoolroom requires investsgation. The Tnjsl is inveslyating the use of a tocal contractor lo maintain the Lfft in Joseph Wright Hall. Onty limited maintenance work is FX)ssible due to a depleted team of volunteets. An additional member joined the team but subsequenuy left during the year. More volunteers lo assist with this vital work are urgenlly needed. SuTheys Efforts continue lo engage the services of a Conservalion Ar¢hite¢VEngineer who might carry out Condition Survey of all three of our buildings_ This woukl not only include their stste of repair, bul pay particular attention to issues such as energy efficiency" and. at Joseph wn.ghl Hall. universal access. fire safety, an asbestos survey, and the toilet accommodation. Funding Grants lunding towards the above Surveys. as well as some of the necessary works, are being pursued by Heritage Lincolnshire and others. Thanks, as aVaYS. lo all Members of the Commttee for their continued, enthusiastic support. Education & Interpretation Committee Education lan Wolseley Chair Education School Visits Perfomiance has declined somewhat this year- although. for the wonderful Education Team, rt dn't feel like that! 12023124 in brackets) 25 schools {411 29 visrt days 1,278 children11.6661 111 learning sessions11371 3,215 participants Induding accompanying adults (3,6281 £10.000 revenue {£13.076) £3.600 ¢osts1£3,9031 £6.400 profil1£9.1741
UEEN STREET SCHOOL PRESERVATION TRUST Re ort of Ihe Trustees for the ear ended 31 Au U5t 2025 inued Feedback from teachers is oveTrYhelmingly faVoUrab. Many schwls make repeat visits. More capacity 15 needed lo address this through expanded marketing and publicrty, managerynI and development. This will be a key factor in grant fvnded project development during 2025r26. The Trusl 15 immensely gratefvl to cMJr nine Edub.On Team member for all their hard work. Two new member5 have been recruited. Onjy one organised group visited during the year. The Tfust aims to increase group visits through targeted maTkeling. Informal weekend tours during the wnter ¢losure persod were trialled but response was disappointing, so we intend to explore other ways of reaching family audiences Inteipretation No major changes were made to Ihe pernanenl displays. The fonner coffee shop space has been used for additional temporary displays. including School Dinners. and is used for events and meetings. 11 is. however, 8 sterile space which the Trust 11 dIes5 in 2025126. Collections Committee Stephanie C¢>Jd Chair Artefa¢ts from the Collection were used lo support a number of events and activities over the year.. Retro Games", Seagde event and School Dinners. 2024 saw the 180th AnnNersary of the planning and building of the Church School which opened in January 1845. The team used the original minute tx)oks to follow the initol concept of the School lo ils final opening. The minvle books are an important source and cleady identify the people who insts"gated the School. their fundraising activities and the planning of the building. They also inlroJuce Samual Wlderspin lo the project. The team researched and produced an exhibitn using the minvte books and appropriate further primary sour¢es which was displayed in St Mary's Church as part of Heritage Open Days. The team also took part in a re-enactment of the laying of the foundation stone at the school. A donation of a collection of education books from John French has prcfjressed the Trust's mission lo create a signifunt Search resource. The team implemented an emergency plan by moving the Core Collection Ix*xes and the Rex Russell Collecbon lo the entrance of the Collection Room for greater ease of removal in case of an emer9ency. This year the team undert(M)k a more thrxough dean throughout the Museum. Futu annual cleans will ensure that all rooms are given Such a thorough clean on a rolling basis. Dellvery & Operatlons Commlttee Jean Cannon Chair The Committee meets monthly, VIewIng the general use and running of the srte. overseeing health and safety and tenanlslhirers services. They work in tandem with the Museum's Events committee regarding the use of the site. See Chairfs Report for more detail.
UEEN STREET SCHOOL PRESERVATION TRUST Re ort ol the Trustees for the ear ended 31 Au ust 2025 conlinued Visitor$2021-2025 2024RS 2023/24 21r22123 2021122 632 559 I014 L8 I406 1.36S fvtFseurn (£0 Event participants hc)1 thth4ren & AccompanyirEaduks GKupv55itors Coffee sFrJP CUSt<¥ner5 (Xtreath audience her usefs lh1reetcj 3.215 3.628 69 76 662 72 9.722 50 30 3.244 8.520 s55 5,246 358 2.762 648 4256 S.S28 2.945 1S812 4799 14137 4535 14.622 MusLwm visitors b1 8ui1dine users % •Nseum events adults % nwseum & events thildreTr % children inc.5cFoois. viytots & events 83 17 24 14 Al user5 fmrn 20)9to dale 249.576 2V3 236.5)7 221612 Mustham SItorS from 20(fJto date 147J77 143.328 134241 Key Events linc. above) HtfltL•e OpenD &Tre Noht ChrfsÈmas FeTral 157 185 253 170 nla 368 )seph Wright H*1 AnthfJ lert# 4JsefS WNS evÈnls SC vfjils GrouptOL¥S Perfcmrtes & kthJes (thrd p3rty erfenls) Preftises hres (ex¢ perfnYan$1 ledur) {ai r¢C n rrétn daa) 12Y) 172 766 1.666 69 1.186 1592 76 437 1278 72 1,881 1,162 1.4 4,856 976 4,785 1.442 1742
io UEEN STREET SCHOOL PRESERVATION TRUST Re ort of the Trustees for the ear ended 31 Au ust 2025 continued Future Aims Looking ahead there are several priorities for the Trust Recruit more volunteers for maintenance. gardening and Museum Reception especially. along wrth succession planning. Promote the Vmlderspin Story lo a wider audience through outreach events. exhibitions and national nehvorking using our own Collection and wothng collal)orativety with other institutions. Expand school visits and group tours including a ma(kth"ng vieW and advertising Campaign. Develop more acb'vities and events for family audierw especially during every school holKlay. Revrtalise the Ward Room including the forner coffee shop space by reviving the 1960s170s Classroom and designing a pop-up café and minIscence space. Complete refurbishment of the Joseph Wright Hall including improving ground fioor access. toilets and ¢la$sroom facilities for school visits and adult leaming. Reduction of the Museum's Carbon footprint through improved energy conservation Seek additional grant funding to help with maintaining the fabric of the buildings, increase staffing capacity to enable us to increase Visitor nUmlS. Retoot the Friends of alen Slreet School to spearhead fundraising for the Trust Review our AdmissK*n Policy to attract more visitors Financial Review The Stslemenl of Financial kbvits'es (SOFA) shcRvs that at the end of the financial year we had posits.ve reseNes to carry loard of £490.304, compared wilh positive reserves of £480.834 al 31 August 2024. Structure. govemance and management Corporate $tatu$ The company was incorporated as a private company limited by guarantee without share capital. Oryanlsalion Managem¢nt of the Trust changed durlng Ihe year to better manage the workload, and distinguish long temi. slrategic planning from the routine, day404ay manageffjenL The Company (Queen Sleet School Presetvalion Trust) remains unchanged with ils affaifs reported al an Annual General Meeting. It delegates management of the Museum to the Council of Management. The Council of Management is now a smaller stralegt sleering group and focusses on key priorities.. BUILT HERITAGE.. COLLECTIONS & ARCHIVE. EDUCATION & INTERPRETATION.. OPERATIONS.. FINANCE. PERSONNEL., GOVERNANCE and ACCREDITATION.
QUEEN STREET SCHOOL PRESERVATION TRUST Re ort of the Trustees for the ear ended 31 Au st 2025 continued Five committees now manage drfferent aspects of our wtyk. Delivery & Operations Committee Monthly meetings lo manage the day lo day running of srte. In the absence of a paid CEO the Chair has responsibilty for day-to4ay operats'ons. Edu¢ation & Interpretation Committee Coordinates school & group visits, and displays & exhibitions with 3 x temily meetings each year. Buildings Committee Quarterty retIngS to manage the care of each of the histonc buildings (conservation, restoration. refurbishment, caprtal grant projects etc.}.. Iv. Collections Cornmitt¢e Separate from the ColleetK•ns Group. and with a more"stralegic" reviewing ro, the Committee meets 3 times a year wth ove(si9ht of colleCtk Policy, acquisits.on and disposal, and Accredilation requirements. Finance Committee Focuses on financial planning and budget control and apptying for grants. Each of the Committee Chairs is a member of the Council of Management lo link strategy and 'on the ground" delivery. Other Iruslees. volunteers. paid staff and co-opted experts are encouraged lo be part of the committees, but the Council of Management conwsts exclu5ivety of the ¢harity's tnbstees. Infomial working groups continue in areas like gardening, c£•lleCt)n cafe and maintenance etc. Governance In August 2021 John Walker rets.red as Chair of the TnJs( and lan Wolseley retired as Oevelopment Officer. Both had been in their respecb.ve roles for over fifteen years. The Trust was immensely grateful for all their Wofk which spanned the resloralion projed of the School, the launch of the Museum and establishing the IdepIn & National Sch¢)ol Museum as an imKx)rtant visitor attraction and community asseL lan Wolseley look over as interim Chair of the Trust until April when Jean Cannon wa5 elected. Small companle8 provSsions The report of the trustees has been prepared tsking advantage of the small companies exemption of se¢tKsn 415A of the Companie5 Act 2006. By order of the Board Jean Cannon Chainnan Date.. 2026
12 UEEN STREET SCHOOL PRESERVATION TRUST Income and ex enditure accoun Year ended 31 Au ust 2025 202 2024 Income 58,354 58,802 Inve¥tment incomo 285 534 Gross income 58,639 59.336 Expenditure 49,169 77.984 Net incomel(expèndituro) 9.470 {18,6481 The income and expenditure account has been prepared on the basis that all operations are contsnuing operations.
13 QUEEN STREET SCHOOL PRESERVATION TRUST Statement of Financial Aetivitles Forthe earended 31 Au USI 2025 Unrestricted Restricted Note Funds Funds Total 2025 Total 2024 In¢omt from: Oonalions Gift Aid Claims Charitable activities Other trading activities Inve51menl income Govemment grant 8,997 764 623 3 44.622 285 3.348 8,997 764 623 44,622 285 3,348 1.770 1,746 7,830 47,456 534 Totsl income 58.639 58,639 59.336 Expenditur• on: Charitable a¢livilies Goveman¢e Costs 4 47,883 1,286 47,883 1,286 75,961 2.023 T¢)tal expenditure 49,169 49.169 77.984 Net income 13 9.470 9.470 118,6481 Total funds brought foThYard 13 10.834 470,000 480.834 499.482 ToLIl funds carrled forward 13 20.304 470.000 490.304 480,834
14 UEEN STREET SCHOOL PRESERVATION TRUST Com an Number 2844791 Balance sheet Asat31Au usl 2025 Total 2025 Total Notes Fixed a Tangible assets 10 560.000 560.0 Current assets Stocks Debto Cash at bank and in hand 2,314 2,335 19.051 2,314 589 18.753 Total current assets 23.700 21,656 Creditors.. Amounts falling due within one year 12 3,396 10.822 Net current assets 20.304 10,834 Total assets less Current liabilities 580,304 570.834 Creditors.. Amounts falling due rn0 than one year 10 90,000 90,000 Net a$$•ts 490,304 480,834 $ of the Cha Unrestricted lund 13 20.304 10.834 Restricted income fvnds 13 470.000 470.000 Total char fund$ 49),304 480.834 For the year ended 31 August 2025 the company was entitled to exerry)Ib)n 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 audrt of its accounts for the year in question in accordance with seelion 476,. the directors acknowledge their responsibilities for comptying with the requ1reffnts of the Act with fespect lo accounting (e¢ords and the preparation of accounts.. These financial statements have been prepared in accordance with the specral provisions relating lo companies subject lo the small compan$ regin* wrthin Part 15 of the Companies A¢t 2006. The fina I Statents were approved by the 8oard on 2026. .Jean Cannon. Chairman
15 UEEN STREET SCHOOL PRESERVATION TRUST Notes lo the financial statements Year ended 31 Au ust 2025 1 Surnma of nificant ac¢ untin la) General informatlon •nd basls of pparatIon Queen Street School Preservatr"on Tnjsl is a private company limited by guaranlee incorporated in Englan¢J. 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 infomiation on page 1 of these financial statements. The nature of the charity's operations and principal aclivib'es are des¢ribed on page 3. The charity constslutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with Accounting and Reporting by Charities.. statent of Recommended Practice applicable lo charits.es preparing their accounts in accordance with the Finan¢ial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 issued on 16 Juty 2014 (as updated through Update Bulletin 1 published on 2 February 20161. the Financial Reporting Standard applble in the United Kingdom and Republic of Ireland (FRS 1021. the Charities A¢1 2011. the Companies Act 2006 and UK Generally Accepted A¢countsng Prath"ce. The charity has applied Update Bulletin 1 as published on 2 February 2016 and does not include a cash fh)w statement on the grounds that il apptying FRS 102 Section 1 The financial slalements are prepared on a going concem basis under the historical cost convention, modified to include certain items at fair value. The financial stslements are presented in sterling which is the functional currency of the charity and rounded lo the nearest £. The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been con5lstenY applied lo all years presented unless otherwise slated. {b} In¢orne recognition Grants received of a revenue nature are Cfediled to Incoming Resources in Ihe Ststemenl of Financial Activities when the company is legalty enif(led to Ihe income and the amount can be quantified with reasonable accuracy. Services provided. investrnent income and rents are accounted for on the accruals basis. Other income is accounted for when received. 1 income is shown gross wtth asscciated costs included in expenditure. Grants e1Ved to fvjnd the pUhaSe 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. l¢} Expenditure reeognltlo All expenditure is accounted for on an accruals basis and has been dassified under headings that aggregate costs related to the category. Where costs cannot be directly attributed lo particular headings they have been allccated to acb"vil*s on a basis )Sistent with the use of resources. Id) Tangible fixed ass•ts and depreciation Tangible fixed assets are stated at cost less depreciation. Depreciation is provided al rates calculated to write off the cost less estimated residual value of each asset over its expected useful life. Long term kasehold land and buildings are shthvn at open market value.
16 UEEN STREET SCHOOL PRESERVATION TRUST Notes to the financial statements Year ended 31 Au ust 2025 le) Funds Reslricled funds are funds which are to te used in accordance wrtr¢ spe¢if¢ restrictions imposed on donors. Restricted fvnds are accounted for separalety from ea¢h other and from the core funding of the company. General funds are unreslrtted funds which a available for use al the discretion of the trustees in the furtherance of the general objectwes of the ¢lpnty and which have not been designated for other purposes. 2 Incomg from charitsble activitie5 Unrestricted Funds Total 2025 Total 2024 Other grants 1940's Day 7,830 623 623 623 623 7.830 Incorne Irorn other tradin activittes Unrnstri¢ted Funds Total 2025 Total 2024 Shop sales Refreshrnents S¢hool visits Group visits Events Entrance fees Garden Second hand books Sundry income Catering and conferencing QuEzes Lottery Club Education Rent and f2eilty hire Bar 529 163 529 163 480 23 190 8,292 910 19) ,292 910 365 5,189 1.490 62 62 157 1,516 195. 275 9,943 22.615 1.441 195 275 9,943 22.615 1.441 444 190 12,918 23,450 1,234 44.622 44,622 47,456
17 QUEEN STREET SCHOOL PRESERVATION TRU Notes to the financial statements Year ended 31 Au ust 2025 4 Ex endi ure on charltable activities nrestiicted Funds Total 2025 Total 2024 Archives and collectffis 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 Edu¢alion and outreach Miscellaneous Insurance Consumables Premises repairs and rnaintenan Printing and stats"onery Bar Travel expenses JWH development project JWH Back Stairs project JWH Electrics project MDY voluntary video emory café project 1940's Day Expendrture 901 957 25,464 163 1.268 15.320 1,268 1 S,320 20 335 2.394 1.196 37 11.437 268 1,332 3.000 2,002 3.125 20 335 2,394 1,196 37 11,437 268 1,332 3.000 2.002 3,125 74 1.709 661 10 17,937 335 1.508 4,402 1,463 3,052 12 1,230 158 482 3.465 520 828 35 3,465 520 828 35 15,443 1.296 1,296 47,883 47.883 75,961 Unrestricted Funds Total 2025 Total 2024 5 Governante costs Accounlan¢y Bank ¢harges Legal ar>d professional fees 1.018 1,018 130 138 1.886 103 34 1.286 1,286 2,023 aff tosts and numbers 2025 2024 Wages and salaries Pensi¢)n costs 15,320 25.464 163 No employee recerved emoluments of rnore than £60,000. The average number of employees during the year was 2 (2024 - 3).
18 UEEN STREET SCHOOL PRESERVATION TRUST Notes to the financial statements Year ended 31 Au ust 2025 eratin us The operating surplus ts after chargin9.' 202S 2024 Independent examineffs fee 1,018 1,886 8 Interesl recelvable and simllar Income 202 2024 Bank interest 285 534 g Taxatlon As a charity the company is exempt from corporab.on Tax. 10 Tan Ible fixed assets 202S 2024 Ltrasghold Land and Building$ Value at 1 September 2024 and 31 August 2025 560.000 560,000 North Lincolnshire Counryl 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 opb.on lo purchase the freehold for £1, which the Charity is considering. The buildings theMSeeS belong to Ihe 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 a55e15 in the Balance Sheet as the was considerable doubt as to whether the costs incurred represented the true value of the land and buildings. The Trustees SOU9hl an external valuation in 2012 which gave a value of £470.000 which was recognised in the accounts. In 2015 the Trust affjuid the Citadel next (loor to the School from The Safvalion Army with a loan from North Lincolnshire Counul lor £90.000. An agreement was made to repay the purchase monies lo the Cosjncil once the building is refurbished and fulty operational as a Community Arts Theatre. 11 Debto 025 2024 Debtors Prepayments and accft*d in¢on 2,335 589 2,338 589
19 QUEEN STREET SCHOOL PRESERVATION TRUST Notes.to the financlal Statements Y•or endod 31 Au ust 2025 12 Cr Amounts fallln due within on ear 2025 2024 Trade creditors Accruals and deferred incoff Other credf(ors 1.238 2.158 905 3.817 6.100 3,396 10.822 13 Accumulated funds Restricted Unrestricted 11*1 Fund$ Fund Total As al 1 September 2024 10.834 470.000 480.834 Surplus for the year 9.470 9,470 As al 31 Augusi 2025 20.304 470.000 490.304 Unrestricted funds are those whh can be spent on any actwity within the charty's overall objectives. The restricted capitsl fund are those funds raised for captsl spending $peerfllY on the renovation and stOratn of the old school building and outbuildings_ 14 ADal sis ol net assets between fund Unrestricted Funds Restricted Funds Total Tangible fixed a55ets Current assets Current Iiabililies Long term liabilrties 560.OCQ 560,000 23,700 13,3961 190,0001 23,700 13.396) I.000) 20,304 470.OIXJ 490.304 15 TfUStees' remuneration No remuneration or expense5 directy or indirectty 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 wrth any of them.