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 2021
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 2021
|
|
Page |
|
Report of the Trustees |
1 |
to |
3 |
Independent Examiner's Report |
|
4 |
|
Statement of Financial Activities |
|
5 |
|
Balance Sheet |
|
6 |
|
Notes to the Financial Statements |
7 |
to |
15 |
Detailed Statement of Financial Activities |
|
16 |
|
BARROW HILL ENGINE SHED SOCIETY LIMITED
REPORT OF THE TRUSTEES
for the year ended 31 December 2021
ThetrusteeswhoarealsodirectorsofthecharityforthepurposesoftheCompaniesAct2006,presenttheirreportwith the
financialstatementsofthecharityfortheyearended31December2021.Thetrusteeshaveadoptedtheprovisions of
AccountingandReportingbyCharities:StatementofRecommendedPracticeapplicabletocharitiespreparingtheir accounts
inaccordancewiththeFinancialReportingStandardapplicableintheUKandRepublicofIreland(FRS102)(effective 1
January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
Thecompany'sobjective,forwhichthecharitywasestablished,istopreservethelocomotiveengineshedatBarrow Hill,
Staveley,whichisBritain'sonlysurvivingoperationalroundhouse.Aroundhouseisanengineshedfeaturinga central
turntable,whichisusedtoturnlocomotivesandtogiveaccesstonumerousstoragetrackswithinthebuilding.Thesite is
operated as a museum and also provides locomotive storage and repair and maintenance facilities to commercial operators
BarrowHillLimitedisa100%ownedtradingsubsidiaryofBarrowHillEngineShedSocietyLimited,andprovidesfunds for
theparentbygiftaid.AlltradingactivitiesareundertakenbyBarrowHillLimited,withthecharitybeingresponsiblefor the
major restoration and enhancement of the site and buildings.
Public benefit
Thecharitycarriesoutitsactivitiesinordertobringbenefittothegeneralpublic.Itbringsrealhistoricaland educational
valueasitaimstoeducatethepublicaboutthehistoryofthesiteinvariousways.Thereisnowacontractinplace with
CommunityGrowthwhonowplayalargepartinarrangingschoolvisitsandfamilyevents,alongsidetheMuseum and
Collectionsdepartmentwhichstagespublicdisplaysandexhibitions.BarrowHillisanAccreditedMuseum,recognised as
suchbyArtsCouncilEnglandundertheirAccreditationSchemeformuseums.Thesiteisopentothepubliceach weekend
from March to December.
A small admission charge was introduced during 2017.
Thetrusteesconfirmthattheyhavecompliedwiththerequirementsofsection4oftheCharitiesAct2011tohavedue regard
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 2021
ACHIEVEMENT AND PERFORMANCE
Charitable activities
TheTrusteeswouldliketoformallyrecognisethecontributionthatBillAllcockmadetoBarrowHillRoundhouse.Bill -
Membernumber1-passedawayonthe3rdofMarch2021.HeputhisheartandsoulintotheRoundhouse,running the
cafeandsupportingMervynAllcock,hisson,theSite'sGeneralManager.Hislastjourneywasverypoignant,to the
Roundhouseforafinalgoodbye.ManyoftheTrustees,MembersandvolunteersturnedouttorecogniseBilland honour
him, which would have embarrassed him and was highly appreciated by the Allcock family.
In2020thecelebrationforBarrowHillRoundhousecelebratingits150thyearofexistencewascancelledduetocovid, this
was the case again in 2021. In 2022 we will be celebrating this 150th anniversary even if it is 2 years late.
WeemergedfromthepandemicandhadourfirstFace-to-FaceTrustees(sociallydistanced)meetingin16monthson 23rd
June2021.Wewereincrediblypleasedtoseethatthesiteandthefinanceswereinanimmaculatestatethanksto the
fantastic efforts of Barrow Hill Limited in the form of Bob Burgess and Mervyn Allcock.
Wehad thedelayedAnnualGeneralMeetingon 26 August2021 whichwasparticularlyimportantforapprovingthe financial
statementforboththeyearsending31stDecember2019and2020.Thesereportswereverywellreceivedandapproved as
theCharityisinanexcellentfinancialposition.ThisisthankstotheexcellenteffortsofourcommercialarmBarrow Hill
LimitedandtheincreasingincomefromtheShopandCafe.WevotedtoreappointTrusteesPaulBeardsleyand Martyn
Brailsford.We thankthemfortheirdedicationand continuedhardwork.We alsovotedon Bob Burgessas a new Trustee. The
discussionsrevealedthatthereisso muchexcellentworkgoingon and lotsof imaginativeideasforthefuture.AsTrustees we
are enthused and hope that the Charity can provide the support required enabling these to become a reality.
AttheAGMwere-confirmedourmajor2priorities,there-steamingof41708andthere-creationofthecoalingstagewith a
Science,Technology,EngineeringandMathematics(STEM)focus.Theboilerwasremovedfrom41708andan inspection
carried out to determine its condition and to prepare an inspection report for quotation purposes.
TherearenewplansforaRailInnovationCentreandthereisabidinplacetofundthebuild.Thisisanotherinitiative from
the Trustees to create financial stability for the Charity.
FollowingtheAGMwehadaTrusteesmeetingwhichreportedthatrepairworktotheMk2Brakeroofhadbeen completed.
WethenapprovedfundsfortheMk1coachoverhaulthathadbeenstartedbythevolunteersbutnowneedstobe completed
by a professional third party.
The trustees would like to thank all the volunteers for their continued support and hard work.
ThisyeartheTrusteesweredelightedthatwewereabletoputonsomeeventssuchasRailAle,Schoolvisitsand numerous
Museumevents.Thevisitorssentmessagesthattheywereincrediblyprofessionalwellorganisedandverywellreceived, so
thankstoeveryonethatmadethesesuchasuccess.TheTrusteeswouldespeciallyliketothankourpartners Community
Growthwhoareintegraltoallouractivitiesrelatedtothelocalcommunityandschools,childrenandfamilieswholove their
artsandcraftsactivities.TheyfulfilourmissiontobeinclusiveworkingwithSchoolsandthelocalcommunity.They are
ensuring our continued local integration.
The commercialsideof thebusinesscontinuesto makegreatstridesforward,workingasoutlinedin thebusinessplansfor the
future, at the same time keeping revenue protected which, in turn, keeps the whole of Barrow Hill and the Roundhouse safe.
Overallnetexpenditurefor2021totalled£228,010includingdepreciationchargeof£139,910andtheannual bridge
maintenance (£5,000).
Overallnetincomefor2021 amountedto£175,208.The principalnon-NLHFelementcompriseddonationsfromBarrow Hill
Ltd (£168,853), grant income (£200), membership subscriptions and donations (£4,210).
The society has received notification from Barrow Hill Ltd that it is transferring £7,489 after the year end to the society.
FINANCIAL REVIEW
Financial position
ThereservespolicyoftheCouncilofManagementistomaximiseincomesoastoprovidereservesforfurther development
andrefurbishmentofthesiteandtoenablemajorrepairstobecarriedout.Closingreservesof£945,285aresufficientfor this
purpose.
Reserves policy
TheCharity'sreservespolicyistoattempttoensurethattherearesufficientfundsavailabletomeetthe anticipated
expenditure requirements for a minimum period of 12 months.
Page 2
BARROW HILL ENGINE SHED SOCIETY LIMITED
REPORT OF THE TRUSTEES for the year ended 31 December 2021
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
Thecharityisacharitablecompanylimitedbyguaranteeanditwasincorporatedon21May1997.Thecompany was
established under a Memorandum and articles of Association.
Recruitment and appointment of new trustees
NewtrusteesareeitherelectedbytheCouncilofManagementataTrustees'Meetingortheyareelectedatthe Annual
GeneralMeeting.AdditionalTrusteesmaybeco-optedduringtheyearbytheCouncilofManagementsubjectto their
re-election at the Annual General Meeting.
Induction and training of new trustees
NewTrusteesareinductedattheirfirstCouncilofManagementmeetingwhentheoperationoftheCharityisexplained to
them.TheyarealsogivencopiesoftheminutesofpreviousmeetingsandrelevantCharityCommissionpublications. New
Trusteesarefamiliarwiththeannualaccountsastheyarerequiredto be membersof theCharitywhen theyareappointed and
whilst 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
R D Oxborough Food Manufacturer
Professor A M Robinson Professor
R A Burgess Director
Company Secretary
M J Allcock
Independent Examiner
Hewitt Card Limited
Chartered Certified Accountants
70-72 Nottingham Road
Mansfield
Nottinghamshire
NG18 1BN
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
........................................................................
R A Burgess - Trustee
Page 3
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 2021.
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').
Havingsatisfiedmyselfthatthe accountsof the Companyarenot requiredto be auditedunderPart16 of the 2006 Actand are
eligibleforindependentexamination,Ireportinrespectofmyexaminationofyourcharity'saccountsascarriedout under
section145 of the CharitiesAct2011 ('the2011 Act').In carryingout my examinationI havefollowedthe Directionsgiven by
the Charity Commission under section 145(5) (b) of the 2011 Act.
Independent examiner's statement
Ihavecompletedmyexamination.Iconfirmthatnomattershavecometomyattentioninconnectionwiththe examination
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 4
BARROW HILL ENGINE SHED SOCIETY LIMITED
STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31 December 2021
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
Governance costs
Total
NET INCOME/(EXPENDITURE)
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD |
Unrestricted
funds
£
173,263
-
1,945
175,208
96,847
36,963
2,578
136,388
38,820
512,116
550,936 |
Restricted
funds
£
-
-
-
-
(11,325)
102,947
-
91,622
(91,622)
485,971
394,349 |
31.12.21
Total
funds
£
173,263
-
1,945
175,208
85,522
139,910
2,578
228,010
(52,802)
998,087
945,285 |
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 |
The notes form part of these financial statements
Page 5
BARROW HILL ENGINE SHED SOCIETY LIMITED
BALANCE SHEET 31 December 2021
Notes
FIXED ASSETS
Tangible assets
11
Investments
12
CURRENT ASSETS
Debtors
13
Cash at bank
CREDITORS
Amounts falling due within one year
14
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT LIABILITIES
NET ASSETS
FUNDS
15
Unrestricted funds
Restricted funds
TOTAL FUNDS |
Unrestricted
funds
£
190,439
1
190,440
2,560
374,043
376,603
(16,108)
360,495
550,935
550,935 |
Restricted
funds
£
383,024
-
383,024
-
14,375
14,375
(3,049)
11,326
394,350
394,350 |
31.12.21
Total
funds
£
573,463
1
573,464
2,560
388,418
390,978
(19,157)
371,821
945,285
945,285
550,935
394,350
945,285 |
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 |
ThecharitablecompanyisentitledtoexemptionfromauditunderSection477 oftheCompaniesAct2006fortheyear ended
31 December 2021.
Themembershavenotrequiredthecompanytoobtainanauditofitsfinancialstatementsfortheyear ended
31 December 2021 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.
Thesefinancialstatementshavebeenpreparedinaccordancewiththeprovisionsapplicabletocharitablecompanies subject
to the small companies regime.
ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissueon .............................................
and were signed on its behalf by:
.............................................
R A Burgess - Trustee
The notes form part of these financial statements
Page 6
BARROW HILL ENGINE SHED SOCIETY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2021
1. CHARITY STATUS
Thecharityisacharitylimitedbyguaranteeandconsequentlydoesnothavesharecapital.Eachofthetrustees is
liable 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
Thefinancialstatementsofthecharitablecompany,whichisapublicbenefitentityunderFRS102,have been
preparedinaccordancewiththeCharitiesSORP(FRS102)'AccountingandReportingbyCharities:Statement of
RecommendedPracticeapplicabletocharitiespreparingtheiraccountsinaccordancewiththeFinancial Reporting
StandardapplicableintheUKandRepublicofIreland(FRS102)(effective1January2019)',Financial Reporting
Standard102 'TheFinancialReportingStandardapplicableintheUKandRepublicofIreland'andtheCompanies Act
2006.Thefinancialstatementshavebeenpreparedunderthehistoricalcostconvention,withtheexception of
investments which are included at 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
Donationsarerecognisedwhen the charityhasreceivesthem.In the eventthata donationissubjectto conditions that
requirealevelofperformancebythecharitybeforethecharityisentitledtothefunds,theincomeisdeferredand not
recogniseduntileitherthoseconditionsarefullymet,or thefulfilmentof thoseconditionsiswhollywithinthe control
of the charity and it is probable that these conditions will be fulfilled in the reporting period.
Grants receivable
Grantsarerecognisedwhenthecharityhasanentitlementtothefundsandanyconditionslinkedtothegrants have
beenmet.Whereperformanceconditionsareattachedtothegrantandareyettobemet,theincomeisrecognised as
a liability and included on the balance sheet as deferred income to be released.
Investment income
Investment income is recognised on a receivable basis.
Expenditure
Allexpenditureisrecognisedoncethereisalegalorconstructiveobligationcommittingthecharityto that
expenditure,itisprobablethatsettlementisrequiredand the amountcan be measuredreliably.Allcostsare allocated
totheapplicableexpenditureheadingthataggregatesimilarcoststothatcategory.Wherecostscannotbe directly
attributedtoparticularheadingstheyhavebeenallocatedonabasisconsistentwiththeuseofresources,with central
staffcostsallocatedonthebasisoftimespent,anddepreciationchargesallocatedontheportionoftheasset's use.
Other support costs are allocated based on the spread of staff costs.
Charitable activities
Charitableexpenditurecomprisesthosecostsincurredbythecharityinthedeliveryofitsactivitiesandservicesfor its
beneficiaries.Itincludesbothcoststhatcanbeallocateddirectlytosuchactivitiesandthosecostsofan indirect
nature necessary to support them.
Support costs
Supportcostsincludecentralfunctionsandhavebeenallocatedtoactivitycostcategoriesonabasisconsistent with
the use of resources.
Governance costs
Theseincludethecostsattributabletothecharity'scompliancewithconstitutionalandstatutory requirements,
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.
continued...
Page 7
BARROW HILL ENGINE SHED SOCIETY LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 December 2021
2. ACCOUNTING POLICIES - continued
Tangible fixed assets
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,lessanysubsequent accumulated
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.
Hire purchase and leasing commitments
RentalspaidunderoperatingleasesarechargedtotheStatementofFinancialActivitiesonastraightlinebasis over
the period of the lease.
3. DONATIONS AND LEGACIES
4.
Donations
Grants
Grants received, included in the above, are as follows:
Arts Council
Heritage Lottery Fund - Phase 2 Moving Forward Project
Derby CC
Earth Museum
OTHER TRADING ACTIVITIES
Events |
31.12.21
£
173,063
200
173,263
31.12.21
£
-
-
-
200
200
31.12.21
£
- |
31.12.20
£
134,220
42,101 |
|
|
176,321 |
|
|
31.12.20
£
30,200
10,901
1,000
-
42,101
31.12.20
£
278 |
continued...
Page 8
BARROW HILL ENGINE SHED SOCIETY LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 December 2021
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
Other operating leases |
Direct
Costs
£
85,522
139,910
-
225,432 |
31.12.21
31.12.20
£
£
1,945
1,738
Support
costs (see
note 7)
Totals
£
£
-
85,522
-
139,910
2,578
2,578
2,578
228,010
Governance
costs
£
2,578
31.12.21
31.12.20
£
£
139,909
169,646
3,468
- |
|
|
|
9. TRUSTEES' REMUNERATION AND BENEFITS
Therewerenotrustees'remunerationorotherbenefitsfortheyearended31December2021norfortheyear ended
31 December 2020.
Trustees' expenses
Therewerenotrustees'expensespaidfortheyearended31December2021norfortheyear ended
31 December 2020.
10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
INCOME AND ENDOWMENTS FROM
Donations and legacies
Other trading activities
Investment income
Total
EXPENDITURE ON
Charitable activities
Activities undertaken directly
Depreciation and other similar costs |
Unrestricted
funds
£
135,221
278
1,738
137,237
45,087
46,921 |
Restricted
funds
£
41,100
-
-
41,100
64,105
122,721 |
Total
funds
£
176,321
278
1,738 |
|
|
|
178,337
109,192
169,642 |
continued...
Page 9
BARROW HILL ENGINE SHED SOCIETY LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 December 2021
10.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Governance costs
Total
NET INCOME/(EXPENDITURE)
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD
11.
TANGIBLE FIXED ASSETS
Freehold
property
£
COST
At 1 January 2021
1,637,684
Additions
30,388
At 31 December 2021
1,668,072
DEPRECIATION
At 1 January 2021
1,121,173
Charge for year
87,257
At 31 December 2021
1,208,430
NET BOOK VALUE
At 31 December 2021
459,642
At 31 December 2020
516,511 |
10.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Governance costs
Total
NET INCOME/(EXPENDITURE)
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD
11.
TANGIBLE FIXED ASSETS
Freehold
property
£
COST
At 1 January 2021
1,637,684
Additions
30,388
At 31 December 2021
1,668,072
DEPRECIATION
At 1 January 2021
1,121,173
Charge for year
87,257
At 31 December 2021
1,208,430
NET BOOK VALUE
At 31 December 2021
459,642
At 31 December 2020
516,511 |
- continued
Unrestricted
funds
£
8,962
100,970
36,267
475,849
512,116
Plant and
machinery
£
358,314
-
358,314
239,269
23,412
262,681
95,633
119,045 |
|
Restricted
funds
£
-
186,826
(145,726)
631,697
485,971
Fixtures
and
fittings
£
228,007
-
228,007
180,579
29,240
209,819
18,188
47,428 |
|
Total
funds
£
8,962 |
|
|
|
|
|
|
287,796 |
|
|
|
|
|
|
(109,459)
1,107,546 |
|
|
|
|
|
|
998,087 |
|
|
|
|
|
|
Totals
£
2,224,005
30,388
2,254,393
1,541,021
139,909
1,680,930
573,463
682,984 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Restriction on title and pledged as security
Landandbuildingswithacarryingamountof£429,253hasbeenpledgedassecurity.Afulltitleguaranteecharge by
wayofalegalmortgagehasbeenraisedoverthepropertyaspartoftheHeritageLotteryFundgrantagreement terms.
This is security over any liabilities or obligations that may become due to the chargor.
continued...
Page 10
BARROW HILL ENGINE SHED SOCIETY LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 December 2021
12. FIXED ASSET INVESTMENTS
FIXED ASSET INVESTMENTS |
|
|
Shares in |
|
group |
|
undertakings |
|
£ |
MARKET VALUE |
|
At 1 January 2021 and 31 December 2021 |
1 |
NET BOOK VALUE |
|
At 31 December 2021 |
1 |
At 31 December 2020 |
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 |
|
|
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
|
|
|
|
|
31.12.21 |
31.12.20 |
|
|
£ |
£ |
Trade debtors |
|
- |
1,255 |
Amounts owed by group undertakings |
|
1,157 |
294 |
VAT |
|
1,203 |
6,896 |
Prepayments and accrued income |
|
200 |
- |
|
|
2,560 |
8,445 |
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
|
|
|
|
|
31.12.21 |
31.12.20 |
|
|
£ |
£ |
Trade creditors |
|
5,734 |
28,568 |
Accrued expenses |
|
13,423 |
12,745 |
|
|
19,157 |
41,313 |
13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
14.
continued...
Page 11
BARROW HILL ENGINE SHED SOCIETY LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 December 2021
15. 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
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
Heritage Lottery Fund
UWE Bristol
Museum Development East midlands
-Display Cases
TOTAL FUNDS |
Net
movement
At
At 1.1.21
in funds
31.12.21
£
£
£
468,192
41,480
509,672
43,924
(2,661)
41,263
512,116
38,819
550,935
57
(57)
-
68
(68)
-
35,540
(5,923)
29,617
238
(238)
-
432,826
(82,826)
350,000
209
(209)
-
17,033
(2,300)
14,733
485,971
(91,621)
394,350
998,087
(52,802)
945,285
Incoming
Resources
Movement
resources
expended
in funds
£
£
£
175,208
(133,728)
41,480
-
(2,661)
(2,661)
175,208
(136,389)
38,819
-
(57)
(57)
-
(68)
(68)
-
(5,923)
(5,923)
-
(238)
(238)
-
(82,826)
(82,826)
-
(209)
(209)
-
(2,300)
(2,300)
-
(91,621)
(91,621)
175,208
(228,010)
(52,802) |
|
|
continued...
Page 12
BARROW HILL ENGINE SHED SOCIETY LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2021
15. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
At 1.1.20
£
Unrestricted funds
General fund
429,264
Designated fund BH Green
46,585
475,849
Restricted funds
Renaissance East Midlands
115
Derbyshire Environmental Trust 2012 - Signal
Box
136
Heritage Lottery Fund - Restricted Fixed
Assets
41,463
Adult & Communities Museum Development
East Midlands
469
Heritage Lottery Fund
569,797
UWE Bristol
384
Museum Development East midlands
-Display Cases
19,333
631,697
TOTAL FUNDS
1,107,546
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
137,237
Designated fund BH Green
-
137,237
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
30,200
Heritage Lottery Fund
10,900
UWE Bristol
-
Museum Development East midlands
-Display Cases
-
41,100
TOTAL FUNDS
178,337 |
Net
movement
in funds
£
38,928
(2,661)
36,267
(58)
(68)
(5,923)
(231)
(136,971)
(175)
(2,300)
(145,726)
(109,459)
Resources
expended
£
(98,309)
(2,661)
(100,970)
(58)
(68)
(5,923)
(231)
(30,200)
(147,871)
(175)
(2,300)
(186,826)
(287,796) |
At
31.12.20
£
468,192
43,924
512,116
57
68
35,540
238
432,826
209
17,033
485,971
998,087
Movement
in funds
£
38,928
(2,661)
36,267
(58)
(68)
(5,923)
(231)
-
(136,971)
(175)
(2,300)
(145,726)
(109,459) |
|
|
|
continued...
Page 13
BARROW HILL ENGINE SHED SOCIETY LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2021
15. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
|
|
Net |
|
|
|
movement |
At |
|
At 1.1.20 |
in funds |
31.12.21 |
|
£ |
£ |
£ |
Unrestricted funds |
|
|
|
General fund |
429,264 |
80,408 |
509,672 |
Designated fund BH Green |
46,585 |
(5,322) |
41,263 |
|
475,849 |
75,086 |
550,935 |
Restricted funds |
|
|
|
Renaissance East Midlands |
115 |
(115) |
- |
Derbyshire Environmental Trust 2012 - Signal |
|
|
|
Box |
136 |
(136) |
- |
Heritage Lottery Fund - Restricted Fixed |
|
|
|
Assets |
41,463 |
(11,846) |
29,617 |
Adult & Communities Museum Development |
|
|
|
East Midlands |
469 |
(469) |
- |
Heritage Lottery Fund |
569,797 |
(219,797) |
350,000 |
UWE Bristol |
384 |
(384) |
- |
Museum Development East midlands |
|
|
|
-Display Cases |
19,333 |
(4,600) |
14,733 |
|
631,697 |
(237,347) |
394,350 |
TOTAL FUNDS |
1,107,546 |
(162,261) |
945,285 |
Acurrentyear12monthsandprioryear12monthscombinednetmovementinfunds,includedintheaboveare 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
£
£
£
312,445
(232,037)
80,408
-
(5,322)
(5,322)
312,445
(237,359)
75,086
-
(115)
(115)
-
(136)
(136)
-
(11,846)
(11,846)
-
(469)
(469)
30,200
(30,200)
-
10,900
(230,697)
(219,797)
-
(384)
(384)
-
(4,600)
(4,600)
41,100
(278,447)
(237,347)
353,545
(515,806)
(162,261) |
|
|
continued...
Page 14
BARROW HILL ENGINE SHED SOCIETY LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 December 2021
16. CONTINGENT LIABILITIES
Attheperiodendthecompanyhadacontingentliabilityamountingto£9,038(2019-£7,695)inrespectofthe VAT
owed under the joint VAT registration with Barrow Hill Limited.
17. RELATED PARTY DISCLOSURES
Thecharitablecompanyhastakenadvantageofexemption,underthetermsofFinancialReportingStandard102 'The
FinancialReportingStandardapplicableintheUKandRepublicofIreland',nottodiscloserelatedparty transactions
with wholly owned subsidiaries within the group.
There were no related party transactions for the year ended 31 December 2021.
Page 15
BARROW HILL ENGINE SHED SOCIETY LIMITED
DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31 December 2021
|
31.12.21 |
31.12.20 |
|
£ |
£ |
INCOME AND ENDOWMENTS |
|
|
Donations and legacies |
|
|
Donations |
173,063 |
134,220 |
Grants |
200 |
42,101 |
|
173,263 |
176,321 |
Other trading activities |
|
|
Events |
- |
278 |
Investment income |
|
|
Deposit account interest |
1,945 |
1,738 |
Total incoming resources |
175,208 |
178,337 |
EXPENDITURE |
|
|
Charitable activities |
|
|
Other operating leases |
3,468 |
- |
Rates and water |
222 |
- |
Insurance |
14,883 |
- |
Postage and stationery |
757 |
- |
Purchases |
- |
272 |
Repairs and maintenance |
75,379 |
51,451 |
Trade and professional journal |
2,732 |
2,849 |
Trade subscriptions |
498 |
200 |
Projects and events |
(12,417) |
54,420 |
Freehold property |
87,257 |
94,492 |
Plant and machinery |
52,653 |
75,150 |
|
225,432 |
278,834 |
Support costs |
|
|
Governance costs |
|
|
Accountancy fees |
2,565 |
3,758 |
Legal fees |
13 |
5,204 |
|
2,578 |
8,962 |
Total resources expended |
228,010 |
287,796 |
Net expenditure |
(52,802) |
(109,459) |
This page does not form part of the statutory financial statements
Page 16