REGISTERED COMPANY NUMBER: 03374025 (England and Wales)
REGISTERED CHARITY NUMBER: 1065632
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2020
FOR
BARROW HILL ENGINE SHED SOCIETY LIMITED
Hewitt Card Limited
Chartered Certified Accountants
70-72 Nottingham Road Mansfield Nottinghamshire NG18 1BN
BARROW HILL ENGINE SHED SOCIETY LIMITED
CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 December 2020
|
|
Page |
|
Report of the Trustees |
1 |
to |
4 |
Independent Examiner's Report |
|
5 |
|
Statement of Financial Activities |
|
6 |
|
Balance Sheet |
7 |
to |
8 |
Notes to the Financial Statements |
9 |
to |
19 |
Detailed Statement of Financial Activities |
|
20 |
|
BARROW HILL ENGINE SHED SOCIETY LIMITED
REPORT OF THE TRUSTEES for the year ended 31 December 2020
ThetrusteeswhoarealsodirectorsofthecharityforthepurposesoftheCompaniesAct2006,presenttheirreportwith the
financialstatementsofthecharityfortheyearended31December2020.Thetrusteeshaveadoptedtheprovisionsof Accounting
andReportingbyCharities:StatementofRecommendedPracticeapplicabletocharitiespreparingtheiraccountsin accordance
with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
Thecompany'sobjective,forwhichthecharitywasestablished,istopreservethelocomotiveengineshedatBarrow Hill,
Staveley,whichisBritain'sonlysurvivingoperationalroundhouse.Aroundhouseisanengineshedfeaturingacentral turntable,
whichisusedtoturnlocomotivesandtogiveaccesstonumerousstoragetrackswithinthebuilding.Thesiteisoperatedas a
museum and also provides locomotive storage and repair and maintenance facilities to commercial operators
BarrowHillLimitedisa100%ownedtradingsubsidiaryofBarrowHillEngineShedSocietyLimited,andprovidesfundsfor the
parentbygiftaid.AlltradingactivitiesareundertakenbyBarrowHillLimited,withthecharitybeingresponsibleforthe major
restoration and enhancement of the site and buildings.
Public benefit
Thecharitycarriesoutitsactivitiesinordertobringbenefittothegeneralpublic.Itbringsrealhistoricalandeducationalvalue as
itaimstoeducatethepublicaboutthehistoryofthesiteinvariousways.Thereisnowacontractinplacewith Community
Growthwho now playa largepartin arrangingschoolvisitsand familyevents,alongsidetheMuseumand Collections department
whichstagespublicdisplaysandexhibitions.BarrowHillisanAccreditedMuseum,recognisedassuchbyArtsCouncil England
under their Accreditation Scheme for museums. The site is open to the public each weekend from March to December.
A small admission charge was introduced during 2017.
Thetrusteesconfirmthattheyhavecompliedwiththerequirementsofsection4oftheCharitiesAct2011tohavedueregard to
the public benefit guidance published by the Charity Commission for England and Wales.
Page 1
BARROW HILL ENGINE SHED SOCIETY LIMITED
REPORT OF THE TRUSTEES for the year ended 31 December 2020
ACHIEVEMENT AND PERFORMANCE
Charitable activities
2020wassupposedtobetheyearthatBarrowHillRoundhousecelebratedits150thyearofexistence'instyle',withabig event
planned. In the end it was not to be - and we all know why.
The pandemiccurtailedmostthingsandtheeffectsofCovid-19wipedoutanychanceoftheRoundhouseopeningup againas we
kept the museum, shop and cafe closed to visitors, with all events cancelled.
Aseveryone'sliveswereturnedupsidedown,inallsortsofways,weworkedhardtoensurethecommercialrail businesses
on-site kept working within government guidelines.
In contrast,despitethepandemicwreakinghavocto Britain'srailways,EastMidlandRailways(EMR)increaseditspresence hugely
withus,astheCompanystabledmoreHighSpeedTrains(HSTs)andotherrollingstock,asweprovedtobetheperfect train
storage facility during their timetable and rolling stock fleet changes.
The localauthoritygrantsweresoughtand ultimatelygained,whichsupportedus too,in thistoughtime.Asthe yearworeon, and
Coronavirusinfectionspassedtheirpeak,weslowlyinchedtowardsallowingrestrictedaccessagainforvolunteers.Itwas a
frustratingtimeforallthevolunteers,includingtheDelticPreservationSociety(DPS)whohadtostayawayinline with
government guidelines.
The trustees would like to thank all the volunteers for their continued support and hard work.
The 41708 and the Mk.1 carriage projects continued during 2020 and both are now moving forward at a greater pace.
Afteracquiringtenfortyfootcontainers,theynow havebeeninstalledandareallrentedoutprovidinga usefulstoragefacility and
additional income, as well. They look very smart, positioned all in a row and complement the rest of a tidy looking site.
CommunityGrowth-ourpartnerswhohelpsupporttheoriginal'MovingForward'LotterySchemeproject-havebeenkept busy,
settingupanonlinepresence,accessedthroughtheBarrowHillwebsite,including'AsktheExperts',aquestionand answer
programmeabouttheheritageaspectsoftheRoundhouseandtheyalsocreatedadigitalonlineversionof'DownTheLine', a
community play based around Barrow Hill and the village, and performed originally in 2017 at the re-opening celebrations.
AstheyearclosedmuchwasstillbeingdiscussedaboutthepossibilitiesofbuildingaRailwayInnovationCentreatBarrow Hill
and the funding arrangements were being worked on, hopefully towards a successful outcome.
InDecemberwereachedanagreementwithEMRforthemtocontinuetooccupyBarrowHillforanotheryear,further continuing
our successful partnership with the local train operating company.
But the one consistent talking point of this year, Covid-19, remained and the uncertainty it brings.
Remarkably,whileallthiswasgoingoffthecommercialsideofthebusinesswasmakinggreatstridesforward,working on
businessplansforthefuture,atthesametimekeepingrevenueprotectedwhich,inturn,keepsthewholeofBarrowHilland the
Roundhouse safe.
Overallnetexpenditurefor2020totalled£287,796includingdepreciationchargeof£169,642andtheannual bridge
maintenance (£5,000).
Overallnetincomefor2020amountedto£178,337.Theprincipalnon-NLHFelementcompriseddonationsfromBarrowHill Ltd
(£121,925),grantincome(£31,200),membershipsubscriptionsanddonations(£12,297)andeducationalvisitsand social
evenings (£278).
The society has received notification from Barrow Hill Ltd that it is transferring £63,465 after the year end to the society.
FINANCIAL REVIEW
Financial position
ThereservespolicyoftheCouncilofManagementistomaximiseincomesoastoprovidereservesforfurtherdevelopment and
refurbishment of the site and to enable major repairs to be carried out. Closing reserves of £998,087 are sufficient for this purpose.
Page 2
BARROW HILL ENGINE SHED SOCIETY LIMITED
REPORT OF THE TRUSTEES
for the year ended 31 December 2020
FINANCIAL REVIEW
Reserves policy
TheCharity'sreservespolicyistoattempttoensurethattherearesufficientfundsavailabletomeettheanticipated expenditure
requirements for a minimum period of 12 months.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
Thecharityisacharitablecompanylimitedbyguaranteeanditwasincorporatedon21May1997.Thecompanywas established
under a Memorandum and articles of Association.
Recruitment and appointment of new trustees
NewtrusteesareeitherelectedbytheCouncilofManagementataTrustees'MeetingortheyareelectedattheAnnual General
Meeting.AdditionalTrusteesmaybeco-optedduringtheyearbytheCouncilofManagementsubjecttotheirre-electionat the
Annual General Meeting.
Induction and training of new trustees
NewTrusteesareinductedattheirfirstCouncilofManagementmeetingwhentheoperationoftheCharityisexplainedto them.
TheyarealsogivencopiesoftheminutesofpreviousmeetingsandrelevantCharityCommissionpublications.NewTrustees are
familiarwiththeannualaccountsastheyarerequiredtobemembersoftheCharitywhentheyareappointedandwhilst they
serve on the Council of Management.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
03374025 (England and Wales)
Registered Charity number
1065632
Registered office
Barrow Hill Roundhouse
Railway Centre, Campbell Drive
Barrow Hill
Staveley
Derbyshire
S43 2PR
Trustees
P Beardsley Retired
M Brailsford Railway Duty Controller
Mrs S Crawley Retired
P J Millington Retired (resigned 31.1.20)
R D Oxborough Food Manufacturer
Professor A M Robinson Professor
C Jarrad Trustee (resigned 10.6.20)
R A Burgess Director (appointed 30.9.20)
Company Secretary
M J Allcock
Independent Examiner
Hewitt Card Limited
Chartered Certified Accountants
70-72 Nottingham Road
Mansfield
Nottinghamshire
NG18 1BN
Page 3
BARROW HILL ENGINE SHED SOCIETY LIMITED
REPORT OF THE TRUSTEES for the year ended 31 December 2020
Approved by order of the board of trustees on 13 July 2021 and signed on its behalf by:
R A Burgess - Trustee
Page 4
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BARROW HILL ENGINE SHED SOCIETY LIMITED
Independent examiner's report to the trustees of Barrow Hill Engine Shed Society Limited ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2020.
Responsibilities and basis of report
Asthecharity'strusteesoftheCompany(andalsoitsdirectorsforthepurposesofcompanylaw)youareresponsiblefor the
preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
HavingsatisfiedmyselfthattheaccountsoftheCompanyarenotrequiredtobeauditedunderPart16ofthe2006Actand are
eligibleforindependentexamination,Ireportinrespectofmyexaminationofyourcharity'saccountsascarriedoutunder section
145 of theCharitiesAct2011 ('the2011 Act').In carryingout my examinationI havefollowedtheDirectionsgivenby the Charity
Commission under section 145(5) (b) of the 2011 Act.
Independent examiner's statement
I havecompletedmy examination.I confirmthatno mattershavecometo my attentionin connectionwiththeexamination giving
me cause to believe:
1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for 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)).
Ihavenoconcernsandhavecomeacrossnoothermattersinconnectionwiththeexaminationtowhichattentionshould be
drawn in this report in order to enable a proper understanding of the accounts to be reached.
Hewitt Card Chartered Certified Accountants
ACCA
Hewitt Card Limited
Chartered Certified Accountants
70-72 Nottingham Road
Mansfield
Nottinghamshire
NG18 1BN
Date: .............................................
Page 5
BARROW HILL ENGINE SHED SOCIETY LIMITED
STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31 December 2020
Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
3
Other trading activities
4
Investment income
5
Total
EXPENDITURE ON
Charitable activities
6
Activities undertaken directly
Depreciation and other similar costs
Staff costs
Allocated support costs
Governance costs
Total
NET INCOME/(EXPENDITURE)
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD |
Unrestricted
funds
£
135,221
278
1,738
137,237
45,087
46,921
-
-
8,962
100,970
36,267
475,849
512,116 |
Restricted
funds
£
41,100
-
-
41,100
64,105
122,721
-
-
-
186,826
(145,726)
631,697
485,971 |
31.12.20
Total
funds
£
176,321
278
1,738
178,337
109,192
169,642
-
-
8,962
287,796
(109,459)
1,107,546
998,087 |
31.12.19
Total
funds
£
170,629
1,918
2,124 |
|
|
|
|
174,671
63,442
171,505
60,097
906
2,958 |
|
|
|
|
298,908 |
|
|
|
|
(124,237)
1,231,783 |
|
|
|
|
1,107,546 |
The notes form part of these financial statements
Page 6
BARROW HILL ENGINE SHED SOCIETY LIMITED
BALANCE SHEET 31 December 2020
Notes
FIXED ASSETS
Tangible assets
12
Investments
13
CURRENT ASSETS
Debtors
14
Cash at bank and in hand
CREDITORS
Amounts falling due within one year
15
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT LIABILITIES
NET ASSETS
FUNDS
16
Unrestricted funds
Restricted funds
TOTAL FUNDS |
Unrestricted
funds
£
197,014
1
197,015
8,445
331,466
339,911
(24,810)
315,101
512,116
512,116 |
Restricted
funds
£
485,970
-
485,970
-
16,504
16,504
(16,503)
1
485,971
485,971 |
31.12.20
Total
funds
£
682,984
1
682,985
8,445
347,970
356,415
(41,313)
315,102
998,087
998,087
512,116
485,971
998,087 |
31.12.19
Total
funds
£
836,992
1 |
|
|
|
|
836,993
133,770
161,494 |
|
|
|
|
295,264
(24,711) |
|
|
|
|
270,553 |
|
|
|
|
1,107,546 |
|
|
|
|
1,107,546 |
|
|
|
|
475,849
631,697 |
|
|
|
|
1,107,546 |
ThecharitablecompanyisentitledtoexemptionfromauditunderSection477oftheCompaniesAct2006fortheyear ended
31 December 2020.
Themembershavenotrequiredthecompanytoobtainanauditofitsfinancialstatementsfortheyearended31December 2020
in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
continued...
Page 7
BARROW HILL ENGINE SHED SOCIETY LIMITED
BALANCE SHEET - continued 31 December 2020
Thesefinancialstatementshavebeenpreparedinaccordancewiththeprovisionsapplicabletocharitablecompaniessubject to
the small companies regime.
ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissueon13July2021andweresignedon its
behalf by:
R A Burgess - Trustee
The notes form part of these financial statements
Page 8
BARROW HILL ENGINE SHED SOCIETY LIMITED
NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 December 2020
1. CHARITY STATUS
Thecharityisacharitylimitedbyguaranteeandconsequentlydoesnothavesharecapital.Eachofthetrusteesisliable to
contribute an amount not exceeding £5 towards the assets of the charity in the event of liquidation
2. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financialstatementsof thecharitablecompany,whichisa publicbenefitentityunderFRS102, havebeen prepared in
accordancewiththeCharitiesSORP(FRS102)'AccountingandReportingbyCharities:Statementof Recommended
PracticeapplicabletocharitiespreparingtheiraccountsinaccordancewiththeFinancialReportingStandardapplicable in
theUKandRepublicofIreland(FRS102)(effective1January2019)',FinancialReportingStandard102'The Financial
ReportingStandardapplicableintheUKandRepublicofIreland'andtheCompaniesAct2006.Thefinancial statements
havebeenpreparedunderthehistoricalcostconvention,withtheexceptionofinvestmentswhichareincludedat market
value.
Financial reporting standard 102 - reduced disclosure exemptions
Thecharitablecompanyhastakenadvantageofthefollowingdisclosureexemptionsinpreparingthese financial
statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':
the requirements of Section 7 Statement of Cash Flows.
Income and endowments
AllincomeisrecognisedintheStatementofFinancialActivitiesoncethecharityhasentitlementtothefunds,it is
probable that the income will be received and the amount can be measured reliably.
Donations and legacies
Donationsarerecognisedwhenthecharityhasreceivesthem.Intheeventthatadonationissubjecttoconditions that
requirealevelofperformancebythecharitybeforethecharityisentitledtothefunds,theincomeisdeferredand not
recogniseduntileitherthoseconditionsarefullymet,orthefulfilmentofthoseconditionsiswhollywithinthecontrol of
the charity and it is probable that these conditions will be fulfilled in the reporting period.
Grants receivable
Grantsarerecognisedwhenthecharityhasanentitlementtothefundsandanyconditionslinkedtothegrantshave been
met.Whereperformanceconditionsareattachedtothegrantandareyettobe met,theincomeisrecognisedasa liability
and included on the balance sheet as deferred income to be released.
Investment income
Investment income is recognised on a receivable basis.
Expenditure
Allexpenditureisrecognisedoncethereisalegalorconstructiveobligationcommittingthecharitytothatexpenditure, it
isprobablethatsettlementisrequiredandtheamountcanbemeasuredreliably.Allcostsareallocatedtothe applicable
expenditureheadingthataggregatesimilarcoststothatcategory.Wherecostscannotbedirectlyattributedto particular
headingstheyhavebeenallocatedonabasisconsistentwiththeuseofresources,withcentralstaffcostsallocatedon the
basisoftimespent,anddepreciationchargesallocatedontheportionoftheasset'suse.Othersupportcostsare allocated
based on the spread of staff costs.
Charitable activities
Charitableexpenditurecomprisesthosecostsincurredbythecharityinthedeliveryofitsactivitiesandservicesfor its
beneficiaries.Itincludesbothcoststhatcanbeallocateddirectlytosuchactivitiesandthosecostsofanindirect nature
necessary to support them.
Support costs
Supportcostsincludecentralfunctionsandhavebeenallocatedtoactivitycostcategoriesonabasisconsistentwith the
use of resources.
continued...
Page 9
BARROW HILL ENGINE SHED SOCIETY LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 December 2020
2. ACCOUNTING POLICIES - continued
Governance costs
Theseincludethecostsattributabletothecharity'scompliancewithconstitutionalandstatutoryrequirements, including
audit, strategic management and trustees meetings and reimbursed expenses.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property- 25% on cost and 10% on cost
Plant and machinery- 33.3% on cost and 10% on cost
Fixtures and fittings- 25% on cost
Individualfixedassetscosting£500ormoreareinitiallyrecordedatcost,lessanysubsequentaccumulated depreciation
and subsequent accumulated impairment losses.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsofthecharity.Restrictions arise
when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
3. DONATIONS AND LEGACIES
Donations
Grants
Grants received, included in the above, are as follows:
Adult & Communities Museum Development East Midlands
Arts Council
Heritage Lottery Fund - Phase 2 Moving Forward Project
Arts Council re Combust! Project
Derby CC |
31.12.20
£
134,220
42,101
176,321
31.12.20
£
-
30,200
10,901
-
1,000
42,101 |
31.12.19
£
37,306
133,323 |
|
|
170,629 |
|
|
31.12.19
£
1,119
-
128,914
3,290
- |
|
|
133,323 |
continued...
Page 10
BARROW HILL ENGINE SHED SOCIETY LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 December 2020
4. OTHER TRADING ACTIVITIES
Events
5.
INVESTMENT INCOME
Deposit account interest
6.
CHARITABLE ACTIVITIES COSTS
Activities undertaken directly
Depreciation and other similar costs
Governance costs
7.
SUPPORT COSTS
Governance costs
8.
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
Depreciation - owned assets |
Direct
Costs
£
109,192
169,642
-
278,834 |
31.12.20
31.12.19
£
£
278
1,918
31.12.20
31.12.19
£
£
1,738
2,124
Support
costs (see
note 7)
Totals
£
£
-
109,192
-
169,642
8,962
8,962
8,962
287,796
Governance
costs
£
8,962
31.12.20
31.12.19
£
£
169,646
171,504 |
|
|
|
9. TRUSTEES' REMUNERATION AND BENEFITS
Therewerenotrustees'remunerationorotherbenefitsfortheyearended31December2020norfortheyear ended
31 December 2019.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 December 2020 nor for the year ended 31 December 2019.
continued...
Page 11
BARROW HILL ENGINE SHED SOCIETY LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 December 2020
10. STAFF COSTS
Wages and salaries
The average monthly number of employees during the year was as follows:
Staff for charitable activities
No employees received emoluments in excess of £60,000.
11.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
funds
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
37,306
Other trading activities
1,918
Investment income
2,124
Total
41,348
EXPENDITURE ON
Charitable activities
Activities undertaken directly
22,614
Depreciation and other similar costs
50,411
Staff costs
9,910
Allocated support costs
487
Governance costs
2,958
Total
86,380
NET INCOME/(EXPENDITURE)
(45,032)
RECONCILIATION OF FUNDS
Total funds brought forward
520,880
TOTAL FUNDS CARRIED FORWARD
475,848 |
31.12.20
£
-
-
31.12.20
-
Restricted
funds
£
133,323
-
-
133,323
40,828
121,094
50,187
419
-
212,528
(79,205)
710,903
631,698 |
31.12.19
£
60,097
60,097
31.12.19
3
Total
funds
£
170,629
1,918
2,124 |
31.12.19
£
60,097
60,097
31.12.19
3
Total
funds
£
170,629
1,918
2,124 |
|
|
|
174,671
63,442
171,505
60,097
906
2,958 |
|
|
|
298,908 |
|
|
(124,237)
1,231,783 |
|
|
|
1,107,546 |
|
continued...
Page 12
BARROW HILL ENGINE SHED SOCIETY LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 December 2020
12.
TANGIBLE FIXED ASSETS
COST
At 1 January 2020
Additions
At 31 December 2020
DEPRECIATION
At 1 January 2020
Charge for year
At 31 December 2020
NET BOOK VALUE
At 31 December 2020
At 31 December 2019 |
Freehold
property
£
1,637,684
-
1,637,684
1,026,679
94,494
1,121,173
516,511
611,005 |
Plant and
machinery
£
342,676
15,638
358,314
215,705
23,564
239,269
119,045
126,971 |
Fixtures
and
fittings
£
228,007
-
228,007
128,991
51,588
180,579
47,428
99,016 |
Totals
£
2,208,367
15,638 |
|
|
|
|
2,224,005 |
|
|
|
|
1,371,375
169,646 |
|
|
|
|
1,541,021 |
|
|
|
|
682,984 |
|
|
|
|
836,992 |
Restriction on title and pledged as security
Landandbuildingswithacarryingamountof£673,095(2017£735,853)hasbeenpledgedassecurity.Afull title
guaranteechargebywayofalegalmortgagehasbeenraisedoverthepropertyaspartoftheHeritageLotteryFund grant
agreement terms. This is security over any liabilities or obligations that may become due to the chargor.
13. FIXED ASSET INVESTMENTS
FIXED ASSET INVESTMENTS |
|
|
Shares in |
|
group |
|
undertakings |
|
£ |
MARKET VALUE |
|
At 1 January 2020 and 31 December 2020 |
1 |
NET BOOK VALUE |
|
At 31 December 2020 |
1 |
At 31 December 2019 |
1 |
There were no investment assets outside the UK.
The company's investments at the balance sheet date in the share capital of companies include the following:
Barrow Hill Limited
Registered office: United Kingdom
Nature of business: The operation of Barrow Hill Roundhouse
|
% |
Class of share: |
holding |
Ordinary |
100 |
continued...
Page 13
BARROW HILL ENGINE SHED SOCIETY LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 December 2020
14.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors
Amounts owed by group undertakings
VAT
Prepayments and accrued income
15.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Social security and other taxes
Accrued expenses
16.
MOVEMENT IN FUNDS
Unrestricted funds
General fund
Designated fund BH Green
Restricted funds
Renaissance East Midlands
Derbyshire Environmental Trust 2012 - Signal
Box
Heritage Lottery Fund - Restricted Fixed Assets
Adult & Communities Museum Development
East Midlands
Heritage Lottery Fund
UWE Bristol
Museum Development East midlands -Display
Cases
TOTAL FUNDS |
At 1.1.20
£
429,264
46,585
475,849
115
136
41,463
469
569,797
384
19,333
631,697
1,107,546 |
31.12.20
£
1,255
294
6,896
-
8,445
31.12.20
£
28,568
-
12,745
41,313
Net
movement
in funds
£
38,928
(2,661)
36,267
(58)
(68)
(5,923)
(231)
(136,971)
(175)
(2,300)
(145,726)
(109,459) |
31.12.19
£
739
36,547
4,585
91,899
133,770
31.12.19
£
8,233
1,098
15,380
24,711
At
31.12.20
£
468,192
43,924 |
|
|
|
512,116
57
68
35,540
238
432,826
209
17,033 |
|
|
|
485,971 |
|
|
|
998,087 |
continued...
Page 14
BARROW HILL ENGINE SHED SOCIETY LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2020
16. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
Designated fund BH Green
Restricted funds
Renaissance East Midlands
Derbyshire Environmental Trust 2012 - Signal
Box
Heritage Lottery Fund - Restricted Fixed Assets
Adult & Communities Museum Development
East Midlands
Arts Council Grant
Heritage Lottery Fund
UWE Bristol
Museum Development East midlands -Display
Cases
TOTAL FUNDS |
Incoming
Resources
Movement
resources
expended
in funds
£
£
£
137,237
(98,309)
38,928
-
(2,661)
(2,661)
137,237
(100,970)
36,267
-
(58)
(58)
-
(68)
(68)
-
(5,923)
(5,923)
-
(231)
(231)
30,200
(30,200)
-
10,900
(147,871)
(136,971)
-
(175)
(175)
-
(2,300)
(2,300)
41,100
(186,826)
(145,726)
178,337
(287,796)
(109,459) |
|
|
continued...
Page 15
BARROW HILL ENGINE SHED SOCIETY LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 December 2020
16. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
Unrestricted funds
General fund
Designated fund BH Green
Restricted funds
Derbyshire Environmental Trust (Viridor) -
Voices of Barrow Hill Project
Derbyshire Environmental Trust 2010 - Signal
Box
Renaissance East Midlands
Derbyshire Environmental Trust 2012 - Signal
Box
Heritage Lottery Fund - Restricted Fixed Assets
Adult & Communities Museum Development
East Midlands
Heritage Lottery Fund
UWE Bristol
Museum Development East midlands -Display
Cases
TOTAL FUNDS |
At 1.1.19
£
472,742
48,138
520,880
1,144
200
172
204
47,386
377
639,257
530
21,633
710,903
1,231,783 |
Net
movement
in funds
£
(43,478)
(1,553)
(45,031)
(1,144)
(200)
(57)
(68)
(5,923)
92
(69,460)
(146)
(2,300)
(79,206)
(124,237) |
At
31.12.19
£
429,264
46,585 |
|
|
|
475,849
-
-
115
136
41,463
469
569,797
384
19,333 |
|
|
|
631,697 |
|
|
|
1,107,546 |
continued...
Page 16
BARROW HILL ENGINE SHED SOCIETY LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2020
16. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
Designated fund BH Green
Restricted funds
Derbyshire Environmental Trust (Viridor) -
Voices of Barrow Hill Project
Derbyshire Environmental Trust 2010 - Signal
Box
Renaissance East Midlands
Derbyshire Environmental Trust 2012 - Signal
Box
Heritage Lottery Fund - Restricted Fixed Assets
Adult & Communities Museum Development
East Midlands
Heritage Lottery Fund
Arts Council re Combust! Project
UWE Bristol
Museum Development East midlands -Display
Cases
TOTAL FUNDS |
Incoming
Resources
Movement
resources
expended
in funds
£
£
£
41,349
(84,827)
(43,478)
(1)
(1,552)
(1,553)
41,348
(86,379)
(45,031)
-
(1,144)
(1,144)
-
(200)
(200)
-
(57)
(57)
-
(68)
(68)
-
(5,923)
(5,923)
1,119
(1,027)
92
128,914
(198,374)
(69,460)
3,290
(3,290)
-
-
(146)
(146)
-
(2,300)
(2,300)
133,323
(212,529)
(79,206)
174,671
(298,908)
(124,237) |
|
|
continued...
Page 17
BARROW HILL ENGINE SHED SOCIETY LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 December 2020
16. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
Unrestricted funds
General fund
Designated fund BH Green
Restricted funds
Derbyshire Environmental Trust (Viridor) -
Voices of Barrow Hill Project
Derbyshire Environmental Trust 2010 - Signal
Box
Renaissance East Midlands
Derbyshire Environmental Trust 2012 - Signal
Box
Heritage Lottery Fund - Restricted Fixed Assets
Adult & Communities Museum Development
East Midlands
Heritage Lottery Fund
UWE Bristol
Museum Development East midlands -Display
Cases
TOTAL FUNDS |
At 1.1.19
£
472,742
48,138
520,880
1,144
200
172
204
47,386
377
639,257
530
21,633
710,903
1,231,783 |
Net
movement
in funds
£
(4,550)
(4,214)
(8,764)
(1,144)
(200)
(115)
(136)
(11,846)
(139)
(206,431)
(321)
(4,600)
(224,932)
(233,696) |
At
31.12.20
£
468,192
43,924 |
|
|
|
512,116
-
-
57
68
35,540
238
432,826
209
17,033 |
|
|
|
485,971 |
|
|
|
998,087 |
continued...
Page 18
BARROW HILL ENGINE SHED SOCIETY LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 December 2020
16. MOVEMENT IN FUNDS - continued
Acurrentyear12monthsandprioryear12monthscombinednetmovementinfunds,includedintheaboveare as
follows:
Unrestricted funds
General fund
Designated fund BH Green
Restricted funds
Derbyshire Environmental Trust (Viridor) -
Voices of Barrow Hill Project
Derbyshire Environmental Trust 2010 - Signal
Box
Renaissance East Midlands
Derbyshire Environmental Trust 2012 - Signal
Box
Heritage Lottery Fund - Restricted Fixed Assets
Adult & Communities Museum Development
East Midlands
Arts Council Grant
Heritage Lottery Fund
Arts Council re Combust! Project
UWE Bristol
Museum Development East midlands -Display
Cases
TOTAL FUNDS |
Incoming
Resources
Movement
resources
expended
in funds
£
£
£
178,586
(183,136)
(4,550)
(1)
(4,213)
(4,214)
178,585
(187,349)
(8,764)
-
(1,144)
(1,144)
-
(200)
(200)
-
(115)
(115)
-
(136)
(136)
-
(11,846)
(11,846)
1,119
(1,258)
(139)
30,200
(30,200)
-
139,814
(346,245)
(206,431)
3,290
(3,290)
-
-
(321)
(321)
-
(4,600)
(4,600)
174,423
(399,355)
(224,932)
353,008
(586,704)
(233,696) |
|
|
17. CONTINGENT LIABILITIES
Atthe periodend the companyhad a contingentliabilityamountingto £9,038 (2019 - £7,695)in respectof the VAT owed
under the joint VAT registration with Barrow Hill Limited.
18. RELATED PARTY DISCLOSURES
Thecharitablecompanyhastakenadvantageofexemption,underthetermsofFinancialReportingStandard102 'The
FinancialReportingStandardapplicableintheUKandRepublicofIreland',nottodiscloserelatedpartytransactions with
wholly owned subsidiaries within the group.
There were no related party transactions for the year ended 31 December 2020.
Page 19
BARROW HILL ENGINE SHED SOCIETY LIMITED
DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31 December 2020
|
31.12.20 |
31.12.19 |
|
£ |
£ |
INCOME AND ENDOWMENTS |
|
|
Donations and legacies |
|
|
Donations |
134,220 |
37,306 |
Grants |
42,101 |
133,323 |
|
176,321 |
170,629 |
Other trading activities |
|
|
Events |
278 |
1,918 |
Investment income |
|
|
Deposit account interest |
1,738 |
2,124 |
Total incoming resources |
178,337 |
174,671 |
EXPENDITURE |
|
|
Charitable activities |
|
|
Wages |
- |
60,097 |
Postage and stationery |
- |
94 |
Sundries |
- |
542 |
Purchases |
272 |
780 |
Repairs and maintenance |
51,451 |
11,558 |
Trade and professional journal |
2,849 |
5,685 |
Trade subscriptions |
200 |
270 |
Projects and events |
54,420 |
45,419 |
Freehold property |
94,492 |
98,701 |
Plant and machinery |
75,150 |
72,804 |
|
278,834 |
295,950 |
Support costs |
|
|
Governance costs |
|
|
Accountancy fees |
3,758 |
2,958 |
Legal fees |
5,204 |
- |
|
8,962 |
2,958 |
Total resources expended |
287,796 |
298,908 |
Net expenditure |
(109,459) |
(124,237) |
This page does not form part of the statutory financial statements
Page 20