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← Papplewick Pumping Station Trust

2021-12-31-accounts

Company no: 04698758

Charity‘ no: 1097618

(A COMPANY LIMITED BY GUARANTEE) REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED7 31 DECEMBER~ 2021

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PAPPLEWICK PUMPING STATION TRUST

CONTENTS

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|||||||| |---|---|---|---|---|---|---| |Page| |Legal|and|administrative|information|1| |Trustees’|report|2-5| |Independent|Examiner’s|report|6| |Statement|of financial|activities|7-8| |Balance|sheet|9-10| |Notes|forming|part|of the|financial|statements|11-19|

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PAPPLEWICK PUMPING STATION TRUST LEGAL AND ADMINISTRATIVE INFORMATION FOR THE YEAR ENDED 31 DECEMBER 2021

Constitution

Papplewick Pumping Station Trust is a company limited by guarantee and a registered charity governed by its Memorandum and Articles of Association. The registered charity number is 1097618 and the registered company number is 04698758.

Directors and trustees

The directors of the charitable company (“the charity”) are its trustees for the purposes of charity law and throughout this report are collectively referred to as trustees. As set out in the Articles of Association, the Chairman of the trustees is nominated by the Board of Trustees. The trustees are the only members of the company. The minimum number of trustees is five and the Board of Trustees may at their discretion appoint additional trustees.

The trustees serving during the period and at the year-end were as follows: -

J C Britten (Chairman) (appointed under articles) Sir EW J Nall G C Saint

J P Brydon — (Resigned 11 December 2021)

Dr R L Gomes

G I Williams

S E Dewey — (Resigned 17 September 2021)

R PL Armstrong

Secretary: A M Smart

Registered office: Papplewick Pumping Station Rigg Lane, Ravenshead, Nottingham, NGI5 9AJ Solicitors: Ashton Bond Gigg, Pearl Assurance House, Friar Lane, Nottingham NG] 6BX Independent Examiner: Neil Coupland FCA DChA, RWB Chartered Accountants, Northgate House, North Gate, New Basford, Nottingham, NG7 7BQ Bankers: Royal Bank of Scotland, Nottingham City Office, 8 South Parade, Nottingham, NG! 2JS

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PAPPLEWICK PUMPING STATION TRUST

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2021

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The trustees are pleased to present their report together with the financial statements for the year ended 31 December 2021.

Legal and administrative information set out on page | forms part of this report. The financial statements comply with current statutory requirements, the Memorandum and Articles of Association and the Statement of Recommended Practice — Accounting and reporting by Charities.

Objectives and activities

The objects of the charity are to:-

  1. Promote the permanent preservation of the Papplewick Pumping Station for the benefit of the public as an example of an historic pumping station.

  2. To permit the Papplewick Pumping Station to be viewed by members of the public in order to promote the education of the public in the history of the pumping station.

  3. 3, Whether in the United Kingdom or elsewhere to provide and promote education on the use and supply of water (including without limitation the humanitarian aspects of water use and supply).

  4. Such other charitable purposes in connection with the above as the trustees may in their sole discretion decide.

Due regard has been given by the trustees in respect of guidance given by the Charities Commission on public benefit in deciding the above objects, and therefore activities the charity undertakes.

Organisation A Board of Trustees of no less than 5 members administer the charity. A Chairman is appointed from the trustees.

Investment powers

Under the Memorandum and Articles of Association the charity has the power to make any investment which the trustees see fit.

Related parties

There are no related party transactions.

Public benefit statement

Due regard has been given by the trustees in respect of the guidance given by the Charity Commission on public benefit in deciding the above objects, and therefore activities the charity undertakes.

PAPPLEWICK PUMPING STATION TRUST TRUSTEES’ REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021

Achievements and performance

Papplewick Pumping Station worked hard to overcome the effects of Covid-19 during 2021 and visitor numbers have been increasing as well as site bookings all strengthening the balance sheet.

The first steaming weekend that was permitted by the Covid-19 restrictions was the Early May Bank Holiday 2021, but no access was permitted into any buildings. A reduced entry fee was charged, and the number of visitors was encouraging. Thereafter attendances continued to increase, and the site operated in line with the changing regulations. As a result, income from the operation of the site and associated bookings have produced income moving towards pre Covid-19 levels.

Work continued during the year by the volunteer members of the Papplewick Association which has meant that the grounds, buildings and machinery are in better condition, all adding to the visitor experience. Redecoration in the Engine and Boiler Houses continued the site upgrades. Whilst this had the effect of increasing expenditure, it encourages return visits. It has also been possible to renew and standardise equipment for maintaining grass and grounds reducing time and cost of repairs. The lengthened winter closed period enabled work to be carried out on both boilers

The long-awaited work to cap the well and replace the floor in the basement of the Engine House was completed enabling restoration work to begin there. None of the work affects the operation of the machinery.

The worsening condition of the Engine House porch led to an expression of interest being submitted to the Arts Council England’s MEND Fund. Unfortunately, this was unsuccessful due to the fund being oversubscribed but a resubmission is planned in 2022 with additional report support.

The Trustees continue to seek alternative sources of income to reduce the reliance on the major steaming events.

Papplewick Pumping Station continues to place great value in the connections with the University of Nottingham and the Trustees will continue to work with the other universities, colleges and schools. Collaboration with Dragon’s Breath Theatre continued with a view to re-establishing theA Temple to Water education offer to Key Stage 2schools in 2022. A trial digital education offer will continue to be developed from its conception during Covid-19 to improve the outreach capability to schools beyond Nottinghamshire and hopefully overseas.

Training & Governance

Trustees are briefed on their individual obligations, sign and agree to the code of conduct and attend, where appropriate external training events to assist them in their role as trustees.

Financial review

Detailed reviews of the risks faced by the Charity both in respect of operating the Pumping Station and its other activities, are undertaken regularly. Key Man insurance is in place to cover the Director’s position in the event of injury or death and Standard Operating Procedures are being produced.

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PAPPLEWICK PUMPING STATION TRUST

TRUSTEES’ REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021

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Reserves policy

The Trustees have considered the reserves held by the company as at 31 December 2021.

Reserves are needed to ensure that the company can meet its responsibilities for current activities and to meet its long term aims. The trustees have reviewed the risks faced, both in the short and medium term to ensure that the company can continue to operate on a going concern basis. The Trust holds a reserve capable of covering three months’ expenditure as a minimum and aims to increase the reserves in the year ending 31 December 2021 to no less than four months’ expenditure plus redundancy. At the year end the free reserves held were £81,782 (2020: £66,855).

The trustees continue to monitor the level of reserves and the long-term aspiration remains — that there should be free reserves equal to one year’s operating costs.

Funds designated for specific purposes are set out in the notes attached to the financial statements.

Fundraising

The trustees endeavour to ensure that the operation of the Station continues to be viable from income derived from visitors, weddings, and site bookings. The Deputy Superintendent’s House continues to produce a rental income which contributes to the diversification of the sources of income.

The site continues to work to increase visitor attractions to appeal to the wider family audience as well as steam enthusiasts and to enhance the visitor experience. The change in 2018 to an annual entry pass resulted in an increased number of Gift Aid declarations which substantially increased Gift Aid receipts. Visitors returning using the annual pass often bring others with them as additional paying visitors.

The trustees gratefully acknowledge the substantial contributions made to the Trust by the Papplewick Association, the association of the volunteers and supporters who do so much to maintain and enhance the operation of the site.

Statement of trustees’ responsibilities

The trustees (who are also directors of Papplewick Pumping Station Trust for the purposes of company law) are responsible for preparing the trustees’ report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations. The report and accounts have been prepared in accordance with the provisions in the Companies Act 2006 relating to small companies.

Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the trustees are required to:

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PAPPLEWICK PUMPING STATION TRUST

TRUSTEES’ REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021

Statement of trustees’ responsibilities (continued)

The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company’s transactions and disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

This annual report was approved by the trustees of the charity on 14 September 2022 and signed on its behalf by:

C Britten hairman

PAPPLEWICK PUMPING STATION TRUST

INDEPENDENT EXAMINER’S REPORT FOR THE YEAR ENDED 31 DECEMBER 2021

I report to the charity trustees on my examination of the accounts of the company for the year ended 31 December 2021, which are set out on pages 7 to 18.

Responsibilities and basis of report

As the charity trustees of the Papplewick Pumping Station Trust (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

Having satisfied myself that the accounts of the Papplewick Pumping Station Trust are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 ofthe Charities Act 2011 (‘the 2011 Act’). In carrying out my examination | have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner’s statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Papplewick Pumping Station Trust 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

  3. 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)].

I have no concerns and have come across no other matters in connection with the examination to which attention sho awn in thas report in order to enable a proper understanding of the accounts to be reached. C , _f

Neil Coupland BCA DChA RWB Chartered Accountants Northgate House North Gate New Basford Nottingham NG7 7 BQ

Date: 14 September 2022

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PAPPLEWICK PUMPING STATION TRUST

STATEMENT OF FINANCIAL ACTIVITIES (Including Income and Expenditure Account) FOR THE YEAR ENDED 31 DECEMBER 2021

Unrestricted Restricted Total
Funds Funds Funds
Note £ £ £
Income from:
Donations 3 13,831 - 13,831
Charitable activities:
Operation ofpumping station visitor centre 4 50,960 - 50,960
Other trading activities: 5 19,376 - 19,376
Investments:
Interest received 6 - 6
Other:
Grants and other income 6 30,442 7,500 37,942
Total 114,615 7,500 122,115
Expenditure on:
Raising funds 7 3,793 - 3,793
Charitable activities 7 95,895 - 95,895
Total 99,688 - 99,688
Net income/(expenditure) 14,927 7,500 22,427
Transfer between funds - - -
Net movement in funds 14,927 7,500 22,427
Reconciliation of funds
Total funds brought forward 66,855 25,416 92,271
Totalfundscarriedforward 16 81,782 32,916 114,698

All of the charity’s activities derive from continuing operations during the above period.

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PAPPLEWICK PUMPING STATION TRUST

STATEMENT OF FINANCIAL ACTIVITIES (Including Income and Expenditure Account) FOR THE YEAR ENDED 31 DECEMBER 2020

Unrestricted Restricted Total
Funds Funds Funds
Note £ £ £
Income from:
Donations 3 33,033 - 53,533
Charitable activities:
Operation ofpumping station visitor centre 4 12,326 - 12,326
Other trading activities: 5 11,925 - 11,925
Investments:
Interest received 31 - 3]
Other:
Grants and other income 6 25,586 - 25,586
Total 103,401 - 103,401
Expenditure on:
Raising funds 7 2,639 - 2,639
Charitable activities 7 76,765 - 76,765
Total 79,404 - 79,404
Net income/(expenditure) 23,997 - 23,997
Transfer between funds - - -
Net movement in funds 23,997 - 23,997
Reconciliation of funds
Total funds brought forward 42,858 25,416 68,274
Totalfundscarriedforward 16 66,855 25,416 92,271

All of the charity’s activities derive from continuing operations during the above period.

PAPPLEWICK PUMPING STATION TRUST

BALANCE SHEET AS AT 31 DECEMBER 2021

31 December 2021 31 December 2020
Note £ £ £ £
Fixed assets 1] 26,561 25,098
Current assets
Stocks 12 17,260 13,010
Debtors 13 15,983 5,605
Cash at bank and in hand 70,844 60,552
104,087 79,167
Liabilities
Creditors falling due within one year 14 15,950 11,994
Net current assets 88,137 67,173
Total assets less current liabilities 114,698 92,271
The funds ofthe charity:
Restricted funds 16
Conservation Project 22,973 22,973
WET Scholarship Fund 1,500 1,500
Defibrillator Fund 943 943
A Temple to Water Education Fund 7,500 -
32,916 25,416
Unrestricted funds
General fund 16 81,782 66,855
Totalfunds 114,698 92,271

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PAPPLEWICK PUMPING STATION TRUST

BALANCE SHEET AS AT 31 DECEMBER 2021 (CONTINUED)

For the financial year ending 31 December 2021 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors’ responsibilities:

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies’ regime within Part 15 of the Companies Act 2006.

The financial statements on pages 6 to 18 were approved by the trustees and authorised for issue on 14 September 2022 and signed on their behalf by:

[ah J C Britten Chairman

Company No: 04698758

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PAPPLEWICK PUMPING STATION TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

1 Legal status of the charity

The charity is a company limited by guarantee, incorporated in England and Wales, and consequently does not share capital. Each of the trustees is liable to contribute an amount not exceeding £10 towards the assets of the Charity in the event of liquidation.

2 Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (issued in October 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). They also comply with the Companies Act 2006.

Basis of preparation

Papplewick Pumping Station Trust meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.

The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest £1.

Going concern

The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern nor any significant areas of uncertainty that affect the carrying value of assets held by the charity.

Exemption from preparing a cash flow statement

The charity opted to early adopt Bulletin | published on 2 February 2016 and have therefore not included a cash flow statement in these financial statements.

Income recognition

Charitable trading activities

Income from pumping station admission fees is included in incoming resources.

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PAPPLEWICK PUMPING STATION TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021 ee

2 Accounting policies continued

Donations and grants

Income from donations and grants, including capital grants, is included in incoming resources when these are receivable, except as follows:

Donated services andfacilities

Donated services and facilities are included in income at a valuation which is an estimate of the financial cost borne by the donor where such a cost is quantifiable and measurable. No income is recognised when there is no financial cost borne by a third party.

Interest receivable

Interest is included when receivable by the charity.

Expenditure recognition

Expenditure is included in the Statement of Financial Activities on an accrual’s basis, inclusive of any VAT which cannot be recovered.

Certain expenditure is directly attributable to specific activities and has been included in those cost categories. Certain other costs, which are attributable to more than one activity, are apportioned across cost categories based on an estimate of the proportion of time spent by staff on those activities,

Tangible fixed assets

Individual fixed assets costing £400 or more are capitalised at cost.

The Trustees have reviewed their policy on depreciating fixed assets and have concluded that all existing assets including the leasehold and accumulated property improvements have no value and should be written off. Future tangible fixed assets will remain to be depreciated on a straight-line basis over their estimated useful lives as follows:

Annual rate

Fixtures and fittings 33% Straight Line Plant and machinery 20% Straight Line Buildings Not depreciated

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PAPPLEWICK PUMPING STATION TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021 aSS SS eS

Stock

Stock has been valued by the Trust and is stated at the lower of cost and net realisable value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the charity does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price.

Fund accounting

Funds held by the charity are either:

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

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PAPPLEWICK PUMPING STATION TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021

3 Analysis of donations

Analysis of donationsdonations
2021 2020
£ £
Papplewick Association 9,580 5,258
Small donations/Just Giving 2:25
Donated goods - coal 2,000 10,000
New Era Lakeside - 30,000
13,831 53,533

4 Income from the operation of pumping station visitor centre

2021 2020
£ £
Admission fees 40,794 9,590
Miscellaneous receipts 2,794 73
Gift Aid 7,136 2,561
Sale ofguidebooks 236 -
50,960 12,326
5 Other trading activities 2021 2020
£ £
Wedding hire 5,231 375
Deputy’s house rent 10,183 9,540
Site/room hire 3,848 1,901
Shop 114 109
19,376 11,925
6 Grants and other income 2021 2020
£ £
Gedling Borough Council Grants 11,169 14,318
CRJS Grants 8,403 11,268
Other Income 10,870 .
Miner2Major Community Grant 6,000 -
East Midlands Museum Grant 1,500 -
37,942 25,586

5

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PAPPLEWICK PUMPING STATION TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021

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7 Expenditure 2021 2020
£ £
Expenditure on charitable activities
Premises costs
Light and heat 6,189 6,236
Coal 5,198 2,070
Water and council tax 33 40
Site maintenance 23,525 12,642
Deputy house repairs 2,238 -
Hire 2,411 2,454
Tea Room - -
Support costs
Insurance 5,519 §,/32
Subscriptions 1,001 665
Miscellaneous 748 1,505
Events & entertainers WALY 2,156
Salaries and related costs 33,030 33,214
Professional fees 1,970 1,970
Deputy House management fees & costs 1,702 1,332
Office costs 2,187 2,960
Bank charges 68
Depreciation 944 805
Project costs
Educational costs - 1,633
95,095 75,990

In addition to the expenditure analysed above, there are also governance costs of £800 (2020 - £775) which relate directly to charitable activities. These are as follows:

Governance costs 2021 2020
Examination of the financial statements 800 173
Expenditure on raising funds 2021 2020
£ L
Publicity & printing 3,568 2,639
Shop stock 225 -
3,793 2,639

The expenditure on charitable activities was £95,895 (2020: £76,765) of which £0 was restricted (2020: £0). All expenditure on raising funds was unrestricted.

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PAPPLEWICK PUMPING STATION TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021

————————

8 Net incoming/(outgoing) resources for the year
Net incoming resources are stated after charging: 2021 2020
£ £
Depreciation of tangible fixed assets:
- owned by the charity 944 805
Independent Examination fees 800 775
Accountancyandbook-keepingfees 1,970 1,970

9 Staff numbers and staff costs

There was an average of | employee (2020: |) employed throughout the accounting period. Staff

costs were:
2021 2020
i £
Salaries 32,250 32,433
Pension 780 781
33,030 33,214

No employee received remuneration amounting to more than £60,000 in either year.

The total employee benefits of the key management personnel were £33,030 (2020: £33,214).

10 Payments to Trustees

The trustees have received no remuneration from the charity during the year.

The trustees have received no reimbursed expenses during the year.

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PAPPLEWICK PUMPING STATION TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021

11 Tangible fixed assets — charity

Furniture & Long Buildings Total
Equipment Leasehold
Cost
At
 January 2021 £
daolid		 a
24,383		 £
22,973
Additions 7 2,407_ - - -
At 31 December 2021 10,319 24,383 22,973 57,675
Depreciation
At 1 January 2021 5,787 24,383 - 30,170
Charge for the year 7 9440 ce
At 31 December 2021 6,731 24,383 - 31,114
Net book value
At 31 December 2021 3,588 - 22,973 26,561
At31December2020 2,125 - 22913 25,098

Buildings relate to a partial rebuild of the Recorder House, used to monitor water levels of the underground reservoir. This has not been depreciated in the year as it is only a partial rebuild and maintains an asset during construction.

12 Stock

12 Stock 2021 2020
£ £
Goods for resale 525 750
Stock of coal 16,735 12,260
13 Debtors 2021
£		 2020
£
Trade debtors 6,000 -
Other debtors 4,134 2,526
Prepayments and accrued income 5,849 3,079
14 Creditors 2021 2020
£ £
Trade creditors 7,883 1,136
Other taxes and social security 719 736
Accrualsanddeferredincome 7,348 10,122

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PAPPLEWICK PUMPING STATION TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021

14 Creditors (continued)

Resources deferred in the period

2021: £4,332

Income is deferred and then released in the period in which it is attributable.

15 Pension and other schemes

Defined contribution pension scheme

The charity operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the charity to the scheme and amounted to £780 (2020: £781).

16 Funds
Balance Incoming Outgoing Transfers Balance
brought resources —_resources carried
forward forward
£ £ £ £ £
Unrestricted funds
General
Unrestricted Income Fund — 66,855 114,61599,688© _- 81,782
Total Unrestricted funds
66,855 114,615 99,688 - 81,782
Restricted funds
Conservation Project 22,973 - - - 22,973
WET Scholarship Fund 1,500 - - - 1,500
Defibrillator Fund 943 - q = 943
A Temple to Water - 7,500 - - 7,200
Education Fund
a BO
Total restricted funds 25,416 7,500 ss = 32,916
Telakiones 92,271 122,115 99,688 - 114,698

The Conservation Project is currently supported by the Heritage Lottery Fund and is for the restoration and conservation of the Papplewick Pumping Station. This fund is represented by the building works capitalised — see note 11.

The WET (Water Education Fund) Scholarship has been set up by Papplewick Pumping Station Trust to aid postgraduates in water research by making a grant of £500.00 each year to a student selected by The University of Nottingham to assist in attendance to present a paper at an academic conference in the UK or abroad.

The Defibrillator Fund was established to receive money raised by Papplewick Association for the provision of a defibrillator on site and any necessary training and maintenance.

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PAPPLEWICK PUMPING STATION TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021

16 Funds (continued)

The A Temple to Water education programme is funded by grants awarded by the Miner2Major Community Grant scheme and the East Midlands Museum Development Fund (which received its money from the Arts Council England). These funding streams have enabled the museum to offer it’s A Temple to Water education programme to schools during 2022. The money is used to pay historical interpreters and to purchase materials and resources.

17 Asset analysis by fund

General Restricted
Total fund funds
£ £ £
Fixed assets 26,561 3,588 22,973
Stock 17,260 17,260 -
Debtors 15,983 9,983 6,000
Bank 70,844 66,901 3,943
Creditors —(15,950) (15,950) a
114,698 81,782 32,916

18 Transaction with related parties

During the period there were no transactions with related parties (2020: Nil).

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