REGISTERED NUMBER: 03509183
land and Wales
REGISTERED CHARITY NUMBER: 1068485
htt ://www.bel
ernortlllnill.or
BELPER NORTH MILL TRUST
limited b
uardntee
ort and Financial Statem¢nts
for the Year Ended 31 December 2024

BELPER NORTH MILL TRUST
Limited b Guarantee
Coiitents of the fr inancial Statements t'or the Ye(Ir Ended 31 December 2024
Pabye
Repoit of the Trustees
1-10
Report of the Indcpendent Examiners
Statement of FinanciaI Aclivilies
12
Balance Sheet
13
Notcs to the Financidl Statements
14-18

BELPER NORTH MILL TRUS'r
Limited b Guarantee
rt uf the Trustees for the Year Ended 31 December 2024
-rhe "I rust¢es are pledsed to present their annual report together with the financial statements of the charity for
the year ending 31 December 2024. which are also prepared to meet th¢ r￿u]reMentS for a Directors, i"cport
aiid accounts tor Companies Act purposes.
The tinaiicial stdteincnts comply with the Charities Act 2011, the Companies Act 2006, the 'frust's
Mcinoranduin and ArtiLlcs of Association, and Accounling and ReportÉng by Charities: Statement of
Recommended Practi¢¢ applicable to charilies preparing th¢ir accounts in accorddnce with the Financial
Reporting Stdndard tor Smaller Entities.
Chairs Re
ort
This is our second year of operation after the closurc of the North Mill Museum and Visitor Cenlre.
Througli the hard work of the Volunteers. supported by'frustees, we got t￿vugh Ihe first yeiir. Despite several
s¢tbiicks. in our second year, we have curne through, and grown and developed as an important provider ot.
Heritage based serviLes,
'fours, "falks, W¢ilks', Community based events, Educational activities are now our
cole busin¢ss. "fhey have proved to be popular and successt'ul.
With the support of the Dei'went Valley Mills World Heritage Skte 'feam, Belper Town Council, Our Belper
Mills and other paitners, supporters and custumcrs, w¢ have achieved a remai"kable amount
Some of our main achievements are set out below:
l. A llew Strategy alld Action Plan (J'ointly prepared with Trustees and Volunteers) to deliver our current
scrvices. and to achieve our long-term aim to have a new Heritrdge Centre back in the Town.
2. Customer numbers up from 970 in 2023 to 1485+ est. (+53 % ) in 2024. WelL done everyone, especially
the big boost from younger customers thanks to the WO￿ of the Education Team. Achieving ourAction
Pl¢in ot + IO% Target.
3. Reducing our Budget deficit prcdiction of minu5 £12k.to make a small sutplus that will further support
our Charitabl¢ aims.
4. C105er ties with World Heritage site.feam - A WHS team member attends "frust M¢etings.
5. A¢cess to North Mill for one-off Events agreed with tEi¢ site managers F IREM.
6. A new in-house manaLFed Volunteer Co-ordillator post (pennanent from July 2024).
7. "fhe Arkwright Society Managtrement Agreement (sct up atter ihe Museuin closure) amicably made null
and void, and new Co-operation Agr¢ement agreed to replace it.
8. 5 ncw Volunteers set on. Action Plan Target of 3 exceeded.
9. Risk Assessincnts completed for all serviccs.
l O. Entertained our Ènends froin the Rhode Island HistoriLal Society. The fcedback from our guests was
very positive tor us and the Town.
I l. Enabliiig the display of the Bclper collection, notably th¢ Arkwright Water Frame, at Crumford Mills
aiid divesting finanLiak responsibility for other items to help Lontiibutc to futurc financial viability.
OUT successes have been acknowldgyed in our Trip Advisor and Google customci" Kwiews. We have
received the 'frip Advisor Travellers Choice Award 2023 and 2024.
Most importantly our Volunteers won the Gold Medal Award - Visit Peak District and Derbysbire
for Team of the Year 2024125.
Looking to the future Ive will-
We will Colltinue to strive for the development of a Heritxge Centre in Belper as part of the
redevelopment of the Belper Millsi Site.
In the shorter term, we will -

l. Bring back to Belper Library, the 2 key items from the Belper Collection ('fhe Derby Rib
Framework Knitting Machine and other Strult relaled items) -we dre ￿ateful tor the support from
Belp¢i' Town Council and Derbysl)ire County Council.
2. Further develop and expand our range of services to help attract people to the Town, and to recruit
more Volunteers from as diverse back grounds as possible.
3. Produce a new 'Easy Read, Visitor 'Guidebook'.
4. Support the Joining Up Heritage Project. that will help all Belper's Heritage Groups to work
together a5 effectively ds possible. Thanks to Derbyshire County Councillor John Nelson and Our
Bclper Mills Chau" Roger Moores for their help with this.
5. Work with our publi¢ Healih Partners to promote Health and Heritage basd Projects in Belper.
6. Support the Belper 250 celebrations for the 2026, 250, Anniversary of the wnstruction of the
first Belper Mill.
Thanks to All who have supported us and who we look forward to workillg with in the future.
lan Hill
Chair of Belper North Mill Trust.
On behalf ot. all our Trustees alld Volunteers.
Our
ose activÉties & futurc
liins
rhe objects of the charity and ils principal activiti¢s continue to be: the conservation, maintenance and
protection tor the public benefit of the hislorical, archttecturdl, archaeological and industrial heritage of the
Derwent V¢iLley in Derbyshire and. to advance the education of the public into the industrial hcriLage of the
Derw¢nt Valley, with particular relcrcnce to Belper North Mill.
For 2025, the objects of the chariiy will b¢ delivered through:
The delivery of guided tours of the Belp¢r Mills site (including the North Mill's unique basement) and
the surrounding area. The"frusl signed a 10 year lease lor Arcliway House, which is within the Belper
Mills LompRex, in November 2022.
Working with the Arkwright Socieiy to ensure that the most important items from our previous
museum collection continue to be on public display at Croinford Mills.
Education offer will continue on an outreach basib, supplemented with ali on-site offer.
A prograiTllne of guid¢d local heritage talks and wall(s is also scheduled.
Public Benetit
"rhe Trustees contimi that they have given careful consideration to the Charity Commission's g¢na?I guidance
on public benefit. "rhe public benelils derived from the Trusl's <lCtivilies include:
The promotion of public education into the industrial heritage of the Delwent Valley, with Pditicular
refei.ence to B¢lper North MÉll through the provision of guided tours of the site tor the public, schools
and other parties.
Interprelation of key 1t¢n￿ from our previous museum collection at the AA(wrights Soci¢ty base in
Cronitord.
The pruvision of organised talks and walks to siles ol related local historical interest.
Li¢iisingy wilh the Nurth Mill ownfflE / agents on conservalion and mainteniinLe requirements for the
Grade I listed North Mill building.
MorL' details of the events aiid activities thai have delivered public benefit are described Én the sections b¢low.

Bel er Noith Mill: conservation and lannin
'rhe Loiidition of the North Mill. a Grade l Listed building and one of the tnost significant structures within
the Derwent Valley Mills World H¢ritagFe Sit4 continues to be a ¢ause for concem as only miniinal
maintenanLe is ¢<irried out by the owners. The general Londition of the building, in the 'frust's opiiiion,
continues to detei'iorate and consequently the costs of bringing th¢ building biick into a good state of repair
Lontinue to inLreasc.
The North Mill, together with the footbridge and horseshoc weir are on Historic EnLFland's 'At Risk Register,.
Thcrc lire also concans about the integrity of the Rock Weir. on the south sidc of the river bridge.
Duringi the year the Trust kept a watching brief on an as yet incomplete Planning Application for the Belper
Mills complex submitted to Ambei" Valley Borough Council in May 2018 by the North Mill's owner GHL
Ili'opeity Management and Developinent Ltd through their agent Fl Real Estate Management Ltd. 'fhe Trust
w¢ILomes proposals for the redcvelopmcnt and revitalisation of the site and, logether wÉth other heritage based
organisations, is concerned to ensure that ihe opportunity presentcd by the re-development proposal is used to
preserve and enhance the significance of the h¢ritage of the site and in particular of the North Mill.
The 'frust is ready and keen to support stakeholders in findiiig a solutioii to the conservation and financi<illy
viable, ad<lPtive re-use of the Noith Mill and the larger B¢lper Mills site.
Sti'ate '
L Plan
The Strategic Plan for 2025 is mainly focused on:
P<lltnering with stakeholders in 5ecurin¥ a use for the Bclper Mills 51te that faiilitates a sate and
sustainable long t¢rn] future for the complex.
Identifying, in Lollaboration with Ow World Hcritage Sitc panners, a viable long tenn heritage b¢is¢d
visitor otTer for the Belper Mills site.
Pending a long term soRution to the Belper Mills complex, deliver a heritage themed guidcd tour
based trom the Belper Mills site.
In paitnership with the Arkwrights Society, ensurc that the most importanl items from the previous
Inuseuin collection continue to be oil public dAsplay at Crornfoi'd Mill5.
Ensuring L<ipacity aiid relevant skills amongst I'rustces, Volunteers and staff.
Collections Manil
emcnt
'rhrough liaison with the collection owners and the Arkwri¥hts Society, during 2024 we have jointly ensured
tliat the key items trom the Lollection remain on public display. Loan agreenient have PdSSed to the Arkwright
S()ciety and we WO￿ togethci. on thell intery)retation at th¢ Cromford Mills site.
There reniains d few items where we are looking to set up public display option within Belper during 2025.
Sclected ileins froin the colle¢tions have been showcascd on the Strulls Nvrth Mill website with the projcLt
'Oui' Favourile Things, fedturing some favourite objects chosen by oui" volunteei"s. Additionally, we have a 3D
interaLtive tour of the form¢r museum and bas¢ment on our websile.

External Fundin
During the year, with plans and efforts focused ensuring the new offer of guided Wdlks around the Belp¢r Mill
sitc, exteiiial Funding grants were not sort for projects. Concentrntion Was prioritised on those ￿"antS which
w¢re not project based, including:
£500 - Belper'fown Council - grant lowards promotional Losts.
The Slrutt's North Mill Community Lottery. organised by the'frust, operates on a 50 150 split betwecn prizes
and funds f'or th¢ 'fNst, geiierated £688 for thy Trnst in 2024.
'rh¢ poliLy for the next few years is for extamal funding to be linked to actÉons aiising trom the Strategic Plan.
The Derwcnt Valle
Mills World H¢rita
e Site
The Trust gratefully acknowledges the Lontinuing hclp and support of Derbyshir¢ County Council's Derwent
Valley Mills World Heritage Site Partnership team lo th¢ work of the TTUSt in both thekr professional Lapacities
and, on many OCLasioiis. as volunteers.
The Trust is also grateful to our partllers at The Arkwright Society, its st¢iff and volunteers, for their support
in th¢ developmeiit of a Partnerships Agreement and Collections Agreement durinLF 2024.
Individu<il Irusteeb and volunteers serve on the Derwent Valley Mills World Heritage Site Conservation and
Planning l)¢inel. Learning lind Research Panel. Development Panel" the Collections Group and the Ilescarch
Sub-group.
Admission Numbers
In 2024, the seLond year of the"StNtI around the MAlls" tour of thc B¢lper Mklls site, a tot<il of 452 (2023',447)
visitors Lame on the tour.
Additionally we host¢d 302 (2023.-245) people at a range of herilagc based lalks.
Oui" Sunday heritage walks attraLted 35 l (2023.187) customets. Plus wc had 85 (2023.91) childi.en attend our
hdlf term heritage themed children's activities.
Volunteers
The 'fi'ust's ability to operale on a daily basis with minimal tinancial resourLes continues to be heavily
dependent on its volunteers and trustces who undertake a diverse range of roles. This include% guided tours or
the Belper Mills site, IoLdl heritage related walks and talks, an events programme. an ¢du¢alion offer and a
research element ¢ilso. -fhere is also the back offkce roles required in ihe administration of a cl￿ritY and
CURnpany all don¢ on a voluntary basis.
Foi" 2024, it is estimated that 3,319 volunleer hou￿ and 1,030 'fTUStee hourb by approXin￿telY 40 volunteers
¢ind trustees. FinanLially this can be notionally Vdlued at around £94,000 using ihe slandard Ndttonal Lollery
Heritage b.und volunteer value basis.

Volunteel
cont
During 2024, the Volunteers delivered a number of ¢lCtivities including:
'rhe core offer of the "Strutt Around the Mills" tour - guiding visitors through Belper's industri<il
T¢volulion <lS they walk around the sile. Visitors have come Irom as far as Canada, USA, Geiinany,
th¢ Netherlands and Australia. We particularly w¢lcomcd the visii from the Rliod¢ Island HistoiiLak
SoLiety in November 2024. 'fher¢ were two tours a week from East¢r to October.
A heritage walk progran)me most weckends between May and September develop¢d and led by
volunteer guides with support from volunteer back ll￿rkers. The most popular of the walks during
2024 were the pub walks and ghost wall(s. both of which were oftcred on 3 occasions and were fully
booked. One of our volunleepth and our Volunteer Co-ordinaloi have worked tirelessly to inarkct the
walks on social medi¢l. Our Facebook followers has inLirdsed by over IOO/o to moir than 3,500
followeTS, Our online newsldtcr is sent to over 700 email subscrib¢rs.
Eventng herita¥e talks to local groups including the Wl and U3A, as w¢EI as specKdl interest gyiYJups,
The North Mill Education team of volunteers were very proactive and busy in 2024. They delivered
heritage ¢ducation to a nutnber of local primary & secondary schools. Some of this cducation¢il offer
was made at various sites on and off th¢ Belper Mills coniplex plus on an outreaLh basis. In total 275
children have received the offer.
School holiday heritage related aetiviti&s for children have delivered seasonal craft sessions foi
children and families in thc Ioclil community and from further afield. Thesc were very well attended
and uften fully booked. It was pleasing to note how inany repeat bookings we had foi. different activity
sessions.
In line with our vision of being inclusive and building community engagyemcnt, free chÉldrcn's
activilies were delivfflrd fortnightly in the River Gardens during the summer holidays. "fhese oftered
us an excellent opportunity to engage with a diverse range of the public and hear their stories of Belper
Id share with them what the trust and volunte¢rs werc doing.
Collaboration with colledgues from the Arkwright Society in organising and supporting Hi¥hlighting
Heritage falks as a joint ¢Dterprisc between our 2 organisations.
Support to the Arkwright Socieiy Education Team from our volunleers tu enablc them to deliver school
visits ai Cioinford Mills.
Joint working with the Derwent Valley Mills World HerÉlag¢ Site Co-ordination Team, Our Belpci"
Mills ¢ind Belper Historical Society.
Monthly Volunte¢r Association meetings which are dynamic, participatory and creativ¢. Along with
regular volunteer coffee morningi tdlks havc been instigated and well dttended.
We also mdnned stalls at the Spring and Autumn Belper Farn]ers Market, a joint stall at B¢lper Goes
Green, ¢ind an exhibitÉon stand at the Our Bclper Mills L'hristmds event.
Our suLLcsscs have b¢en acknowledged in our Trip Advisor and Google custonier reviews. We have i"eceived
the 'frip Advisor Travellers ChoÉcc Award 2023 and 2024.
We are delighted to have been awarded the Gold Award in ihe Visit Peak DAStrict and Derbysliire, East
Midlands - Voluntcer" ream of the year" award 2024125.

Our Pricin
F Polic
Pi"ices charLTed for the "Strutt around the Mills" tour was £7.50 for general adinissions witli accompanied
cliildi'eii under 16 fire. This is to be n￿Intained fior 2025.
The L.har¥e is competilively priL'ed against similar local attractions and we believc our priciiig poliLy ￿t]eLtS
our sli'ategy ut enabling all within our con]munity. whateva- their means, to tdke part in our activities, to dttend
a guided walk. W¢ will also host a number of fr¢e community events during thc year that bring new visitors to
Ilie site.
Fiiiaiicidl Rcview
The underlying balance sheet position of the Trust remains slmng. This is due to the 2016 bequest from the
Reverend Canon Raymond Ross uf £340,768. The trustees have indicated their prefer¢nce that the bequest be
used towards Securing the long terni acLoii]modation need5 of the TnÈst, ideally at the Belper North Mill site.
Consequently there is an eamiarked reserve speLifically for this purpose.
The "long tenn awommodation" preference would be a financially viable quality heritage offer at th¢ Belpci
Mills sile, integral with the overdll redevelopment. The recent D¢rbyshirc County CounLil report"Options for
d Visitor Centre at Belper" idcntified various options tor how such a centre could operate. The -frust is in
support of devcloptnent at the Belper Mills site as idcntificd in the report.
AdditiOil&illy, th¢ current owneis in their opening pardgraph of their planning application for the Belper Mills
site stated "First Investment Real Estate Management (' FIKLM.) has a vision to provide new homes, leisui"e
and business uses to the Mills to complement th¥ North MÉll Museum <ind existing business to creat¢ a visitor
d¢stinalion that celebrates the importance of Belper Mills <lS part of the Derwcnt Valley Mills World l.leritag¢
Sites" Wc share their vision of d Vlsltor destination worthy of representing the World Heritage Site.
The Tyust would look to use the majority of its e<lrn]arked reserve as match funding towards ¢xtem¢il funding
linked to cr￿tIng a heritagre based visitor centre to inlerpret, devekop and prescive the heritage of the
DVMWHS with a particular eniphasis on the Belpcr Mills site.
Throughout periods impacted from COVID, the Trust access&l a number of Government COVID support
r<ints and received Business Continuity insurance assistance. In total, £75,973 of COVID girants and £6,650
Business Interruplion insurance pay out was received. We were fortunate that these grants have lliorc than
Lovered our losses during periods closed due to COVID-19. Consequently. our general rcsaves stand dt
£397,777 split £340.768 for an AcLon]mudation Developinent ProLrdmme and the balanLc of £57,009 in
GeiieL21 Ileserves
which are aviiilable to invest in our 2025 offer and underwrile futur¢ shoit temi losses
whiLh have been estimilted at up to £8,500 for the next 3 y¢ars.
Jnvestment
owers <ind olic
Following notitiLation that tlie -frust was to receive the Ross bequest. the Trust adopted a new Investm¢nt
Policy. This was to invest the bequest money in:
A nuinber of d¢posit aLcounts, each to be covered by the binancial Servic¢s Conipensation Scheme
(FSCS);
SuLh accounts may include a mixture of tixed dewsit bonds and variable intereit deposit accounts.
'rii¢ lead trustees of tlie ETinance and Resources sub-committee will decide upon ¢ind administer tliese
accounls P<lrt ot their subconm]ittee's work.
An <iiinual update to the Board and proposals for th¢ following year's investinents wkll take place
towards ihe end of each calendai year.
Currently the bequest monies are held in a mixture of dq)osit aLcounls and bonds.
This LFives the "frust some flexibility in accessing funds if a tunding opportunity arises, whilst gelting secure
a]￿Ual returns in thc me(Intinie. Working capital fwids will continue to be held in the current account.

Reserves Polic
and Goin
Concern
General funds at the year-end al'e £397.777.
An C<innarked reserve has been cr¢4lted with the Ross bequest of £340,768 and it is tlie Lurrent intention of the
Trustees Ihat this origintil sum is not used to fund day to dlly Losts, but towards securing the Trust's future
opertitions, desLribed as its 'Development Program,. "fhis is predomin<ileRy linked to seLUI"ing long tenn
acLominodation tor the TrutTrt.
"rhe b¢ilanLing uni'estricted general funds 01£57.009 does pmvide funding toward5 covering pliinned losses (of
up to £8,500 a year) over the short tenn to ensure that th¢ offer as detailed in the Public Benefil section can b¢
delivered. It is planned that these Un￿striCted general funds should not fall below £15.000. "fherefore, the
"Devclopm¢nt Pr()gL'amme" reseive will be utilised as required to fund operating costs if the g¢n¢ral funds
drop to £15,000.
The "frustees take thc view that the Trust is a going concern.
Referencc and administrativ¢ ddails
Charity Number
Company Number
R¢gistercd OtfiLe
1068485
03509183
Archway House, North Mill. Bridgefool
Belper, Derbyshire, DE56 1 YD
Our advisors
Independent Examiners
Hunter Jones Alton, Chartered 36 BridbTe
Street,
Accountants
Derbyshire DE56 IAX
Belper,
Bankers
HSBC Bank plc
Church
Street,
Derbyshire, DE5 3B Y
Ripley,
Directors and Trustees
I'he dFI"eetors of the oharitable company (the charity) are its trustees for the purpose of charity law.
The Tt'ustees and officers and ihobe serving during 2024 were as follows:
Mr Ian Hill
Mr Jon Hayes
Mr Michael Kirk
Ms iNanLy Lee
Mr Phillip Doorbar
Mr Peter Dunkerley
Lady Lynn McLoughlin
Cllr John Nelson nominated by Derbyshire County Council
Mi David Wells nomindled by Belpei"'fowii Council
Company Secrctary
Treasurer
miina
ement
eisonncl
Volunteer Support Offic
Ms Victoria Sheldon

Attendance at 'f￿￿tee Meetin
Naine
Number of meetings ¢ligible
to attend iii 2024
Number of meetingvs attended
in 2024
Mr l<in Hill
Mr Jon Ha
es
Mr Michael Kirk
Mr P¢ter Dunkerl¢
M¢Lou
Ms NanL
Lee
Mi. Philli
Doorbar
Cllr John Nelson
Mi David Wells
hlin
Six ordinai'y meetings of the Board and the Annual General M¢¢ting were held during 2024 and in addition
pl<ll)niiig mcetings were held betwc¢n Board meetings.
Structurc Governance and Mana
Fcmenl
Th¢ charity is inanaged by the BoaThl of Trustees. which can have up to 18 members. There are Lurrently 9
membeis.
The day to day management is provided through our part time Volunleer Support officer along with "frustee
support.
Goveiiiin
Do¢ument
'rh¢ organisation is a charitable company limited by gu<iranlee, incorporated on 12 February 1998 and
registered as <1 chai.ity on 9 March 1998. The compliny was established under a Memorandum of Association
that defined its objects and powers and is governed under its Article5 of Association.
ointment of "frustees
Under the temis of the Memorandum and Articles ol" Association the Board reL¢ives nomin<ltions for trustee
membership fi.om Derbyshire C"ounty Council. Amber Valley Borough co￿]ckI. Belper Town CounLil. Belper
HistOl"iCiil Society and the Belper North Mill Volunteers, Association.
Membei's of staff of Amber Valley Borougyh Council and the Derwent Valley Mills World Heritagie Site,
togetlier with a representative of the Dcrbyshire Historic Buildings 'frust may attend Trust meetings, ai the
Boai"d's invitation, lo provide additional infom]ation <ind advi￿.
onnal procedures for the appointment of truste¢s are used for appointments and all applicants. including
tivstees s¢¢king re<ippointment and th05e noiiiinat¢d by org<iiiisations, completc the same procedures. A
sele¢tiorL sub-Lomniittee ot the TNst reviews applic<ltions and makes it5 recommendatioJ]s to the full Board,
which votes on all appointinents.
"rrustee Indu¢tion and Trainin
Tru5t¢e appliLanls are provided with back￿OUnd infomiation about the 'frust. its curreiit programs and
priorities to inl.onn thcir applicatioi). This process has been extended bince 2018 to include iiiore extensive
initial discussions to identify those areas in which w)t¢ntial tiustees C¢in contribute to the work dnd cU￿ent
skills needs of the 'frust.

Related arties and Lo-o
eration with other o
anisations
None of the Tiustees receive r¢muneration or other benefit from their work with the Gharity. Any conncction
between a trustec or staff member of the charity with a supplier to Ihe chai-ity Inust be disclosed to the full
board of Trustees. Details of Trustees, ¢xpeiises and related party transactions ￿e disclosed in Note 14 to Ihe
tccounts.
oli¢
for
Tli¢ Pay of the employees is assessed annually on January ISI by the Operntionak Committee (ind the
iecommended salary is submitted for the approval of Trustee5.
Risk Mana
ement
'rhe Trust tnaintains a continual overview of the polential risks thal could affect the charity in futur¢ Y¢￿￿. A
Risk Register is considercd at each Board meeting. The trustees are satislied that sufficient provision is in
place to mitigate these risks and that the reserv¢ funds are necessary and prudent in the circumstances.

Trustees. Res
onsibilities in Relation to the Finaiicial Statemenls
"rhe charity ti'ustees (who are also thc directors of Belper North DAill Trust for the purpos¢s of
comp&iny law) are responsible for PTcparing a Truste¢s' annual rq)ort and financial statements
in 4iLLordance with applicable law and United Kingdom Accounting Standards (United Kingdom
Genei'dlly Accepted Accounting Practice).
Coiiipany law requires the charity trustees to prepare financial statanents foi" each year which give a iru¢ and
fair view 0£. the state ot" atta1￿ of the charitabl¢ company <ind the group and ot the incoming resouices arkd
application of r¢sourc¢s, including th¢ income and expenditure, of the charitable group for that perfiod. In
pi"epiiring the financial statcments, the trustees are r¢quircd to:
sele¢t suitable aLcounting policies and then apply them consistently.
observe the methods and principles. in the Charities SORP.
make judgements and estiinates that <ire reasonable and prudent.,
state whether applicable UK accounting standai.ds have been followed, subject to any
Inaterial departures disclosed 2nd explained in the financial statements.
pi"epar¢ the tinancial statements on the going Lonccrn basis unless it is inappropriate to
presume that ihe charity will continue in business.
The trustees are responsible for keepinL propcr accounting records that disclose with ieasonable
accur¢lCy at any tirne the financial position of the charity and lo enable them to ensure that
the finanLial statements comply with the Companies Act 2006. They Lire also responsible for
safeguarding the assets ol the charity and henLe tsking reasonable steps for the
prevention and detection of fraud alld other irregularities.
The ti"ustees are responsible for the mainten¢ince and integrity of the corporate and finiincial
intorIiiatioii included on th¢ charitable company's website. LegislatRon in the United Kingdom
governing the prq)aration and dissemination ot" financial statements may differ froni legislation in
other juiisdiLtions.
Statement as to disclosure to our Independcnt Examiner
In so far as the "fTUStees are dware at the time of approving OUT Trustees. annual report:
there is no relevant inforn]ation. being inforn]ation needed by the independcnl examineis in connection
with prepaiing their report. of. which the chariLy'S independent ex￿li1n¢rS are unaware, and
the Trustees. having niade cnquiries of fellow directors and ihe charity's indq)endent examiners that
they ought to havc individually taken, have each laken all steps that helshe is obliged to take
as a dKrector in order to make themselves aware of any relevant audit knformatiuii and to
establish th¢lt the indepeiident examiners are awarc of that intonnation.
By order ot" the Board of Trustces
lan Hill (Chair)
Indc
eiidcLlt Exdniiners
A irsolution proposing Hunter Jones Alion be re-app)intcd ab independent exaniiners of the ch<lrity will be
put to the M¢mbers at tlie Annual General Meeting.
roval
'rhis L'eport has been approved by the Board of DirectoTh and Trustces and is signed on its bch¢ilf:
Secretary
Dated: £1 i'csl 110.1
io

BELPER NOKTH MILL TRUS"r
Limiicd b Guarant¢¢
le
ort of the Inde
endent Examiners to thc membe￿ of Bel er North MIRI Trust
We report on the tinanciaR statcments for the year end￿ 31 December 2024 on pages twelve to eighteen which
have been pi"cpared under th¢ histori￿1 cost convention and the aLcounting policies set out on pagie fourteen.
R&%p¢ctiv¢ responsibiliti￿ of Lyustees and examiner
As d¢scribed on P¢iges one to ten the charity's trust¢¢s who are ¢ilso the directors of the Belper North Mill
"rrust for the purposes of. Lompany law. are responsiblc for the preparation of financial statements in
accordance with applicable law <ind United Kingdom Accounting Staiidards. Th¢ Lh£irity's trustees coiisider
the c(>mpany was entitled to exemption from audit under scction 477 of the Compai]ies Act 2006 relating io
sinall companies. The Incmbers have noi required th¢ company to obtain an audit of its ¢iccounts for the year
in question in aLcordan¢e with section 476.
Our responsibility is to:
examine th¢ accounts (unda section 43(3) (a) ofthc 1993 Act)"
to follow the procedures laid down in the Gcncrdl Directions given by the Charity Commissioners (under
section 43(7)(b) of the 1993 Act)- and
to stdte whethei" particular mattcrs have come to our attention.
B<lSlS Ot" indep¢Jident cxamincrs, report
Our ¢xamination was canied out in accordance with the Gener¢il Diretitions given by the Chllrity
CommissioneLE. An examination includes a review of the accounting recoids kept by the oharfity and a
Loinparison ot. the accounts presented with those records. It also includes consideration of <iny unusual items
or disclosures in the accounts, and the seeking of explanations from you as trustces conLerning any such
matter5. "fhe procedures undertaken do not provide all the evidence that would be requtred Én an audit and,
Lonsequently, we do not express an audit opinion on the view given by the accounts.
llldependent examiners, statement
In Co￿leLti0n with our examination, no matter has come to our attention:
which gives us ieasonable Lause to believe that, in any material respect, the requirements:
to keep aLcounting records in accordance with s41 of the l 993 ALt' and
to piepare aCcOL￿tS which accord with th¢ accounling records and to comply with the aLcounting requirements
of the 191)3 Act
have not been m¢t' or
to wliich, in our opinion, attention should bc drawn in order to ¢nablc a proper understanding ot" the accounts
to be reached
Hunlcr Jones Alton
Chartered Accountants
36 Bridgc Street
Belp¢r
Derbyshire
DE56 IAX

BELPER NORTH MILL'fRUST
Limkted b Guaranl¢e
Statement of Financial Activili&s for the Year Ended 31 Deceinbcr 2024
Notes
Unr¢stricted
Restricted
funds 2024 £ tunds 2024 £
All unreslrict
reslricled and
endowed fLtnds
2024 £
All unresliicted
tricted ' nd
endowed funds
2023
ILome
Doiiati011s and legaLies
227
227
288
Inconle [roin Lh(Iril(Ible
IILtivitie.s
Op¢ration ot"tours, walks
and talks
7,483
7,483
10,418
InccJi?ILI froni uih¥r
ti'ciding uLl£iJilieJ
Cominercial tiading
opei-¢ltions
500
500
JncomLJfrcini jn)ieJlnieiil
aLlivilie3
Deposit a¢count inlerest
16,869
16,869
14,479
Total irLLoming ro>ourc¢s
Expenditure
Cos13 (Jf rai.%ingfiinds.'
Commercial traded
operations
294
294
500
'penclilure ijn
hui"iluble activilie3
Operation of tours, walks
and t¢ilks
20,941
20,941
30,584
'rotal expenditure
084
Net income /
(expenditurc}
Movement in funds for
the year
{13.025}
16,869
3,844
(5,900)
Net movemenl in funds
Reconcilidtioii of funds
Total Funds bi"oughi
foiiv£ird
Movein¢nt in fuiids
53.165
340.768
393,933
39C),833
3,844
3,844
(5,900)
"I'otal funds carried
forward
13
Tlie statemcnt of financial activities includes all gains and losses recognised in the year.
All incomc ¢ind expenditure dcrive from continuin¥ aLtivitics.
The noles on pages 14 to 18 fom] part of these finaiickal statements.
12-

BELPER NOR'fH MILL TRUST
Limited b Guarantee
Balance Sheet as at 31 Dec¢mbcr 2024
Notes
2024
2023
Current Assets
Debtors
Stocks
C¢ish at bank & Én hand
io
457
4,208
264
389 996
394,468
397 860
398.317
Creditors . Amounts falling duc
within one year
Nei Cuffent Assets
Ii
540
535
397 777
393 933
Net Assets
Funds
Unrestricted income fijnds -
General Funds
Restricted funds - Dcvelopment
PIoLFram reserve
57,009
53,165
340 768
'rotal Rcserves
For the year ending 31 December 2024 the company was entitled to exetnption from audit under
section 477 of the Coinpdnies Act 2006 relating to small companies.
The Membe￿ have not required the company to obtain an audit of its accounts tor ihe yeai" in
question in accordance with section 476
'rhe directors acknuwkedge their responsibilities lor complying wilh the requiretnents of the Act with
r¢speLÉ to accounting records and the prepardtion of accounts
"rhcse aLcoutJts have been prepared in a￿OrdanCe with the piovisions applicable to wmpanies
subject to the small companies, regime
'rhe financial statements on pages l2 to 18 were approvcd by the Trnstecs on
signed on its behalf by:
2025 and were
Dire¢t()I
D(it¢d: ,3 j -1. 2)
'rhe iiotes on pages 14 10 18 fonn Pilrt of these financial statements
13

BELPER NORTH MILL TRUS"r
Limited b Gu¢irantee
Nutes to the Financial Statements for the Year Ended 31 December 2024
ACCOUN1'1NG POLICIES
The prinLipal accounling polici¢s adopted, judxenients and key sources of estimation uncertainty in
the preparatlon of the financial statemeiils are as follows..
a) Basis of preparation
Thc financial statements have been prepared on a going concern basis in accordaiice with Accounting,
and Repurting by Charities.. Statement of Recommended Practice applicable to ¢harities preparing
theii. accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic
of Ireland (Chdrilies SORP {FRS102)), and the Companies Act 2006 lind the Charities Act 2011.
Belper Noith Mill Trust meeis the definition of a public benefit entity undcr FRS 102. Assets and
liabilities are initially recognised at cost or tTansactioii value unless otherwise slated in th¢ relevant
aLcountinL policy notes.
b) Prq)ardtioii of th¢ accounts oil a goiiig coiic¢rn basis
'rhe Truslees have at ihe time of dpproving the financial statement5 d reasonable cxpeLtation that the
charity has adequate resourLes to continue in operalioiial existence for the foreseeablc future. Thus
they continue to adopt the going concern basis of accounting in pi'eparing the finanLi(Il statements.
c) Income r¢co¥nition policies
Items ot. inLomc are recognised and included in tlie accounts when all of the tollowing criteria are met;
Thc charity has enlitlemenl to the funds.
Any perfonnance Londitions attached to thc item(s) of incotne hdve been met or are fully
within the control of the Lharity.
'rhere is sufticient certainty that receipt of the incoine is considered probable. lind the amount
can be measured reliably.
d) Iiiterest receivable
Interest on funds held on deposit 15 inLluded when receivable and the arnount Lan be measured reliably
by the Charity, this ib notmally upon iiotification ofinterest receivable pcr the bank / building society.
e) F und acLounting
Unrestricted funds are <ivailable to spend on ilctivities that further any of the puiposes of the charity.
Restricted funds are unrestricted tunds of the charity which the Trustees have decided at theAr
dislretion Lo set asid¢ to usc for a specific PUTPQSC.
D Expenditure
Exp¢nditure is recognised once there is a legal or constructive obligation lo make a payment to a third
party. il is probablc that seltlement will be required and the ainount of the obligbation can be ineasured
reliably. Exp¢nditure is cl<issified undcr the following activiiy he¢idingss'.
Costs of raisingy funds comprise the costs of commerLial ti"ading. mainly any trading of goods
via ArLhway House or at events.
Expenditure oli charilable activities includes the costs of running Archway Housc dnd sta
Costs.
14-

BELPER NORTH MILL TRUS'r
Limited b Guarantee
Notes to the Financial Statements for the Year bnded 31 Deceniber 2024
oJ)tinued
"rangible Fixed Assets
The Trust owns a number of display items and artefdLts. Itcms beRow a de-minimis level of £5,000 per
itcm are not capitalksed. The Tnjst Lonsiders that there dre no (owned) display items and art¢facts
valued above £5,000.
Stocks
Stocks are valued at the lower of cosl or net realisable valu¢ afte[ making due allow¢in¢es for obsolet¢
and slow mov&ng items.
Debtors
'riade and oiher debtols are recognised at the settlement amount due after any trade discount offered.
l)repayments are valued at the amount prepaid after t<iking account of any trade discounts due.
Cash <lt bank ¢ind in hand
Lash at bank and cash in hand includes cash. current account and dq)osit dccounts / fExed terni
¢iccounts with a maturity of twelv¢ months or less from the diile of opening.
Creditors and provi510ns
Cieditors and provisions are recoLNnised where the chariiy has a present Obligation resulting fn)m a
past event that will probably resLLIt in tlie transfer of funds to a third party and the amount due lo settle
the obligiltion can be invasured or estimated reliably. Ci"editors and proviskons are nOM￿llY recognised
at iheir scttlement amount after allowing for any Irdde discounts duc.
Taxdtion
The company is exempt from corporation tax on its charitable activities
Pensions
The company has a detilld contribulion pension scheme available to stiiff. Contributions are charged
to the Stateinent of Financial Aclivities as they fall due.
LeLsal status of the Trust
"Ihe 'frust is a company limiied by guarantee and has no sliare capital. In ihe event of the chllrity being
wound up. the liability in ￿pect of the guaranle¢ is limited to £1 per Memb¢r of the chdiily.
Income from donations
2024
2023
Donations reLeÉvcd
227
288
227
288
Tlie Trust is grateful for ¢1 number of sniall donatio￿5 received thmubihout the y¢ar.
The Trust benefits gi"eatly from the involvement and enthusiastic support of its many volunteers,
d¢tdfils of which £ire gyiven in our annual report. In acLordanc¢ with accounting staiidards, the eLonomi
Lontribution ot" general volunleers is not measured in the accounls.
15

BELPER NOR'fH MtLL'fRUST
Limited b Guarantee
Notcs to the Financial Statements for the Year Ended 31 December 2024
continued
Income from charitable aclivities
2024 £
2023
Grcinl.5 rec'eiijcible
Bclper Town Council - Grant
Founddlion D¢rbyshire - Archway House set up costs
contribution
500
2,839
2,000
4.839
4,206
651
500
6,295
Visitur Fees
Oth¢T Income
Insurance Payment
Other InLome- Net income from Trusls lottery
COVID Bubiness Intcrruption
688
7.483
722
10,418
Income from other trdding activities
2024
2023
Shop saRes
500
Cost of raising funds
2024
2023
Cost of sales
294
500
Expenditure on Lhdritable aLtivities
2024
2023
General promotion
Renl, seivice ch¢irges and buildings insurance
SalarRes & penskons
Operational services - Arkwright Society
OperatlllgT insurances
Accountancy
Electrictty
Cobts associated with museum Llosure, collections
r¢loLation and Archway House set up
Other administrative costs - offiLe rents, equipment,
IT, events Losts, training, volunteer training etc.
934
3,580
6,779
91
3,434
12,206
2,747
5,109
405
947
3,827
475
651
918
2,590
3,777
3,055
20,941
30,584
16-

BELPER NORTH MILL TRUST
Limited b Guarantee
Notes to the Financial Statemenls for the Year Endcd 31 December 2024
continued
INCOME 14OR"fHE YEAR
The suiplus ot income over expendilur¢ is stated after charging:
2024
2023
ALcountancy fecs
s"rAFF COSTS
No rcmuneratÉon was paid to th¢ Trustees in the year.
The statt"costs were:
2024
2023
Sal¢iiies & Pension contributions
The averag¢ weekly number of staff cmploycd, calculated as kull time equivalcnts during the year
were as follows:
2024
2023
0.40
0.28
Administration
No employee received rcrnuneration of more than £50,000.
10
DEBTORS
2024
2023
P￿.paYmentS
VAT
Other Dcbtors
396
61
246
3.463
499
457
4,208
CREDITORS: AMOUN"rs FALLING DUE WITHIN ONE YEAR
2024
2023
Accruals
540
535
540
5,35
17

BELPER NORTH MILL"fRUST
Limited b Guarantee
Notes to th¢ Finaiicial Statements for ihe Ye(Ir Ended 31 Deceiiiber 2024
continued
12
Stt}t￿ncnt of tunds
Atl
January
2024
Income.
Expenditure
Mov¢m¢nt
between
funds
A131
December
2024
Unrestiicted
funds
General
FLLnds
53.165
25.079
-21,235
3,844
57,009
Eiim]aiked
Funds
Development
ProLTf&im
reserve
340.768
340,768
393,933
25,079
-21.235
3,844
397,777
13
Trustces, Remuneration and Expenses
Remuneration - During the year no Trustees were either anployed or received any remuneration.
Expenses - out of pocket expenses were reimbursed to two Ttuslees. £4 was paid to the Chair, lan Hill
and £32 to l)cter Dunkerley.
14
CurporatÉon Tlixation
"rhe Lhaiity is cx¢mpt from tax on income and gains falling within section 505 of the Taxes Act 1988
or section 252 of the'faxation of Chtirgelible Gains Act 1992 to the extent that thesc are applied to its
charitable objecls.
15
Group undcrtakinLTS
On 31 December 2019, Belper North Mill Trust became a 500/0 shared owner with The Arkwiight
Society Ltd of Derwent Valley Tours Ltd (Lompany number 12381104). This joint veiitur4
pJ'¢doininalely fvnded froin DVMWHS Great Place Scheme ._ D3 Experiment Fund, is to assess the
feasibility of a sustainable transport based heritage visitor "day trip" offer across the World Heritage
Site. 'frading cotntnetkLed in 2021 but was limited by the COVID-19 pandemic. 'fhe pilot project
concluded in 2022.
During 2024, there were no transaLlions with th¢ company wliich is in tlie process of being wound up.
18