``` 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 ```