```
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
```