Brede Steam Engine Society Registered Charity Number: 1082438 Registered Company Number: 03451902 Annual Accounts for the period 6 April 2023 5 April 2024 Contents.. Organisational infomiation Trustees, Annual Report Receipts & Payments account Statement of Assets & Liabilities Independent Examiner's report Hastings Voluntary Action Jackson Hall Portland Place Hastings East Sussex TN34 1QN
Organisational information of Brede Steam Engine Society The Trustees of Brede Steam Engine Society presents its organisational information for the year ended 5th April 2024 Name of charity: Brede Steam Engine Society Ltd Working Names: Brede Steam Engine Society and BSES Registered Charity Number: 1082438 Register8d Company Number.. 3451902 Legal form: Charitable Company Governlng document: Adopted 20th October 1997 and amended by special resolution on 20th May 2000 Addre88: Waterworks Lane Brede Rye East Sussex TN316HG Trustees: B Atkinson S Atkinson A Beaney C Dadswell J Moody P Moore R Wood 8anker8: CAF Bank, West Malling, Kent Shawbrook Bank, Brentwood, Essex Independent Examiner: Laura Dawson, Independent Examiner HVA, Jackson Hall, Portland Place. Hastings, TN34 1 QN Objects: To advance the education of the public in the subject of Steam pumping engines used in the water industry and in related subjects with particular reference to the Brede Steam Pumping Engines and the Brede Tramway
BREDE STEAM ENGINE SOCIETY DIRECTOR'S REPORT TH FOR THE YEAR EINDING 5 APRIL 2024 th The directors present thelr annual report and financial statements for the year ending 6 April 2024. The financial statements have been prepared in accordance with the accounting policics sct out in nole I to the tin(cial statements and comply with the socicty's Memorandum and Articles of As.sociation, the Charities Act 201 l and "Accounling and Reporting by Charities: Statement of Recommcnded PrdLlice applicable to charities preparing their accounts in accordanLe with the Financial Reporting Standard st ¢ipplicable in the UK and Republic of Ircland (FRS 102)" (effective l January 2019). Obiectives and Activities The principle objectivcs of the ch¢iritdble company. under its memorandum and articlcs of association, tire to advance the eduL<ition of thc public in the subject of stcam pumping engines used in the water industy and in rclated subjects with particular reterence to the Brcde steam pumping engyines and the Bredc tramway. 'rhi8 is achieved by the charitable company undcrtaking resioration work on triple expansion stcam engines and providingi education, safe keeping and placing on public display these engyines and othcr artifacts of a watcr pumping nature. When planning thc activities for the year thc direLtorb have considered the Charity Commission's guidance on public benefit. The dir¢ctor.s consider thcy have satisfied the guidance in that the charitable comp<iny's aLtivities do providc benefit to the public in terms of eduLiltion and the preservation of hcritage arti facts. Achievements and Performance We enjoy a 99 year lease, signcd in 2004, covering our part of the averall Brede site trom our landlords, Southern Water, and accordingly ensure that we maintain a good working relalionship with them. We do not have a pre-determined serics of meelings with them, but takc cvcry opportunily lo keep them inforn]ed of our activities on site imd ask that they do the S¢une. This year we have developed further contiiLts with Southern Water. Plan8 are in place for some of their staff to use their "Volunteer Days" to come ta site to help us with some important tasks to ensure th(It we Li keep our Site running in tip-top condition. I'he damaged roof of the Boiler Hou8e and Tang)'e Engine House havc bccn tcmporarily repaired by Southern Water to try to prcvcnt water ingress until a more permanent repair can be carried out. When it rains we do still get pools of water inside the buildings which detract from thc visitor cxpcricnce and ihese have to be constantly cleared to kccp thc areas safe. The roof was damaged during winter stornis almost 2 years ago, howcvcr. bccause the buildings are "list¢d". fvll repair.8 can only be done with the approval of English l.Ieritage as to the materials and methods used. 'I'he buildings are owned by Southern Water. We are very grateful to Southern Water for reprinting our visitor inforniation leaflets which needed to be updated with new contact details.
Now that the steelwork has been installed for the new Power House build, we have agreed a contract with builders to complete the walls and roof structures. Work is expected to begin in the early spring as soon as the weather improves and the builder is available. Howcver, as soon as this work begins, we will have to dis'connect all the electric compressors and so will only have the diesel compressor available to run thc engines. This will mean that w¢ will not be able to run all of the engines at the same time because thcre will nvt be sufficient air. The cornrnittee has decided that, for the duration of the build, wc will endedvour to rl half of the engines in the mornings on our Open Days and have a change-over at lunch time and then run the rest of the engines. ThÈs will mean that any visitors on- site at lunch time will be ablc to waiLh the engines being stopped and startcd, an event ihat normally only happcns at the beginning and end of the Opcn days. Due to the man-power needed to opcrate ihe diesel compressor, it will not be possible to offcr to have the engines running for any privilte visits that usually happen mid-week. We hope to acquire 2 extra eleclric Lompressors which will be installed oncc the Power House is completed when we will htive extra room needed to house them. We will then be able to scrap the old diesel comprcs80r. This should mean thilt our running times are quieter and morc environmentally friendly. Our wcll-kepl exhibits fill all the av<iilable space in the Tangye IIouse, thc Worthingion-simpson Ilouse and the Boiler House. We havc received several ncw exhibils and these are also now nn di.splay or in process of being rcfurbi8hed for display. Some of our smaller di8plays may be relocatcd into the new Power House, once the build is ciimpleted. 'I"his will enable visitors to see some ot'them more clearly. We have reccived favourable comments about the improved infornialion displays for visitors the Nuclear Bunker. Thc rcfurbighed fully accc8sible loilet and baby-change facility h<lS also received good reviews. The financial condiion of the socicty rem<iins sound, thc future looks promising. We continue to opcn to the public evcry month ot'tering frce cntry and giuided tours. People donate whiit they can to support our work and this covcrs our operating costs. This helps to makc our site accessible to all. We continue to rccruit new members and working volunteers and Ihis (Illows us to continue all our aclivities, including access for the public and cducation links. Our mcmbers imd volunteers arc e$8ential to the ensure that the society can aLliieve all of its aims. Financial rcvicw The directors are plcased io report that the financial condition of the socicty remains sound, as Li be seen from the financial statements. The dircctors have <1 risk management slrategy which compri8es an annual review of the risks faccd by ihe Lharitable company and the establishment of systcms and procedures lo miLigal¢ those identified risks. The directors aim to maintain adequate reserves to cover planned expenditure for the forthcoming year and to set aside funds for future capital projects. Surplus funds are invcsted in bank accounts. The reserves are divided between LieStricted Funds and Restricted Funds.
Structure, Governance and Management th Brede Steam Engine Society was Incoorated on 20 October 1997 as a company limited by guarantee, th with no share capital. It became a registered charity on 16 September 2000, charity number 1082438. The company, registered number and registcrcd ot'IiLe iiddredls can be found on the COTnpany inforniation page. The charitablc company is controlled by ILS governing document, mcmorandum and articles ol. assucirfltion, Ih Ih incorportaed on 20 October 1997 as ammended by special rcsolution on 20 May 2000. The charitable company is run by the directors who are elected at the Annual General Meeting. Prior to the AGM all members circulated with invitaions to nominatc dircctors, advising them ot"retiring directors and requesting nominations for the AGM. All appointments are confirnied at the AGM. New directors are informed of their legal obligations under Charity and Company Law, thc contents of the memorandum and Articles of Association, the committee and deLision making process and recent financial perfonnance of the company. The charitablc company a 99 year Icase (Signed July 2004) of the Brede Heritagc Sitc with Southern Water SeTh'ices Ltd. The si te is located within the curtilagye of an operational water trcatmcnt works, all in the ownership of Southern Water Services. The direLtors who scrved during the year and up to the dale of the sigyniiture of the financial statements wcre: B Atkinson (i Jones S Atkinson J Moody A Beaney P Moore C Dadswell R Wood None ol" Ihe directors has any financial interest in the company. All of the director.8 are members of the company and gu&W<tee to contribute £ l in the event of a winding-up. This report has bccn prepared in accordance with thc 8peciul pr()Vi5ionb of Part l 5 of the Company, s Act 2006 relatino to small comDanies. The directors report was approved by the Board of Directors Mr S Atkinson Director
Brede Steam Engine Society Receipts & Payment accounts for the period to 06 April 2023 05 April 2024 Current Year Previous Year RestrIled Funds Recei Donations Legacies Subscriptions Tombola & Second Hand Sales Food & Drink Sales Interest Scrap Income Gift Aid Misc Income General Funds Total fund8 Total 3,950 3,950 100,926 781 3,273 100,926 781 782 3,448 2,875 591 375 1,460 3,448 2,875 591 375 1,460 2,833 1,074 786 TOTAL RECEIPTS 100,926 13,480 114,406 8,748 Ex ndlture Insurance Printing, Postage & Stationary Advertising Sundry Items Maintenance & Repairs Power House & Special Projecti Deisel & Oil Health & Safety Food & Drink Supplies Souvenir Supplies Admin ACStbIe Toilet Costs Plant & Machinery Bank Charges Accountancy Fees 3,175 22 234 53 3,175 22 234 53 2,503 20,509 90 353 935 169 252 2.450 166 2,503 20,509 2,556 22,166 1,456 297 723 447 989 3,405 190 98 600 90 353 935 169 252 4,656 4,656 95 95 TOTAL PAYMENTS 27,668 5,377 33,046 35,543 Net surplusl(deficit) 73,258 8,103 81,361 (26,795) Movement in funds Fund balan5 blf 814123 226,277 237,636 264.431 Fund balances clf 514124 318 997 237 636
Brede Steam Engine Society Statement of Assets & Liabilities asat 5 April 2024 2024 2023 Fixed Assets Tangible Assets 1,342 Current assets Debtors Current Account Deposit Account Shawbrook Account 12,766 71,219 102,575 50,368 20 236,948 05104124 05104124 05104124 163,804 104,825 50,368 318,997 Creditors Amounts Falling due in one year (654> Net Current Assets 318,997 236,294 Total A83ets less Current Ll8 318,997 237,636 Net Assets 318,997 237,636 Re resented b ACCUMULATED FUND blf Surplusldeficit of receipts over payments 237,636 81,361 264,431 (26,795) 237,636 318.997 Assets An inventory of assets is held by the Treasurer and is available on request. All Fixed Assets have been depreciated to zero Charity Law qUireS the Trustees lo prepare financial ststemenls for each financial year which comply with the regulations sel out in the Charities Act 1993. The trusless have elected to take advantage of the provisions that apply to small charities and have prepared a Receipts and Paym8nts account and Statement of Assets and Liabililies. Approved by the Trustees on 11 and signed on their behalf by
Independent EXamineS Report to the Commlttee i Brede Steam Engine Society I report on the accounts of Brede Steam Engine Society for the twelve month period ended 5th April 2024 which are set out on the previous pages. Respective responsibilities of committee & examlner The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act), and that an independent examination is needed. It is my responsibility.. to examine the accounts under section 145 of the Charities Act to follow the prOdureS laid down in the General Directions given by the Charity Commission lunder section 145(511b) of the Charities Act), and to stste whether particular matters have come to my attention Basis of Independent examlner's report My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and comparison of the supporting documentation presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'Yrue and fairf, view and the report is limited to those matters set out in the statement below. Independent examlner's Statement In connection with my examination, no matter has come to my 8ttention'. which gives me reasonable cause to believe that in any material respect the requirements: to keep accounting records in accordance with section130 of the Charities Act to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the Act have not been met; or 2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. ra Dawson Finance Manager Hastings Voluntary Action Jackson Hall, Portland Place, Hastings, TN34 1QN