CompAny no: 04698758 ChArity no: 1097618 PAPPLEWICK PUMPtNG STATION TRUST (A COMPANY LIMITED BY GUARANTEE) REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 3] DECEMBER 2023
PAPPLEWICK PUMPING STATION TRUST CONTENTS Page twl and athTh'nistrative inforntIon Trtee$. repcrt Indwdent Exaninu's reixxt Statement of fmancial activities 9-10 Not¢5 fonning pth of the fiDan(aal statanfflts
PAPPLEWICK PUMPING STATION TRUST LEGAL AND ADMINISTrATIVE INFORMATION FOR THE YEAR ENDED31 DECEMBER 2023 CoDstltutio Papplewick Pumptng Ststion Tn is a 0)mpY limited by gurnteeand a regiwed charity governed by its Memorandum and Articles of AsxKiatithL The cknity number is 1097618 and the regi¢d company numbtr is 04698758. Dirertorj and trwjlees The dIreorS of the ¢han"table company (Ihe charity? are its tru#ees for the purposes of charity law and throughout thi's rep)rt (xyllecttvely relerr&l to as tru51ee5. As set out in the Articles of Association, the Chainnan of the trustees is nomin&ed Ery the Board of TnL5tee& The tn are the only membtrs of the company. The minimumnumbu oftrustees Isfive andthe BoardofTrustees may atthelrdlret10n appoint addittonal trustees. The ttustees servtng dun'n8 the lod and at the yew-end wue as follo.._ J C Britt¢n SirEWJNati G C Saint (Chaimwi) Dr R L Gom&4 R P L Annron8 LDGee (App)inted under articles) AMSmw¢ Regi$trr¢d office: Pappl¢wick Pumn8 St1 RJ"88 I Ninghan4 NGI 5 9AJ Sulkltorj: On Bond th"g& P¢arl A55uraDHOUtye. Friar Lan4Nottin8ham NOI 6BX lttdependett¢ Exmlner. Neil Couplmd FCA DClt& RWB Chartertyl Aecountant4 North8ate House, North Gat4 New Basfor4 Nottsn8ham. NG7 7BQ Bankers.. Royal Bank of &Ot1 Nottingham City Offic. 8 South Parade. Nottinghw NGI 2JS
PAPPLEWICK PUMPING STATION TRUST TRUSTEES. REPORT FOR THE YEAR ENDED 3] DECEMBER 2023 The trustets a pleased to preseni their rewrt tO8dhw with the final11 aatern for the year ended 31 Decemtrtr 2023. L£gal and administrative infoTmatiort Sd out (n pase I fornis part of this rqK>rt. The finan¢ia] statements ¢omply with ¢urMt statutory Tequir¢mw the Memcfandum And Artt"cles of Associion and the St•ement of Rommended Prtsce- Ae¢ounttn8 and r¢Fortin8 lry ChleS. Objectives and adivities The objects of the ¢harrty are to.'- Promote the pernwl weseTvation of the Pwlewi( Pumping Ststson for the benefit of the public a8 an example of an kn'storic wmpins st&iffi. To t the PapplLnvick Pumping Statson to be vie¥td by members of the publi¢ in order to promole the edts0n of the public in the hist(Ky of the pumping station. Whether in the Urtit4xI Kin8dom elsekn to provid¢ and Fyomote tylucation on the use ond supply of water (Ineluding witknut limrtatson th¢ humanilan of watw use and supply). Su¢h other ch&itable pwtx)ses in ComilOn with the aix)ve as the trustees may in th¢ir sole discretion decide. Due regd hLs been Ven by the trustees in res of guida given by the Charities Cixnmission on public benefit in thiding the atrx)ve obJ"ect4 and therefore tivities the ¢haTity undertake5. OrgniJatiD A Board of Tru#ees of no less than S members thinir the ¢hatity. A Chairnwi is apInted from the trustees. Investwent er1 Under the memordum Articles of A&la0Th the ¢hwity has the powu to make any investment which the trusiee5 see fit. Rel*ted parties There are no related pgrty transxtions. Putdie benefrt statemwtl Due re8ard ha5 E¢en YeA) by the trust¢¢5 in res of the guidance wven by the Charity Commi&sion on public benefit in d#iding the above object4 and therefore &#tvities the thanty undertkn.
PAPPLEWICK PUMPING STATION TRUST TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED31 DECEMBER 2023 Achievements ttd perforniAnee 2023 saw the pumpin8 5fation contmue to thvelop dq>itr the ongoin8 COst-][vIng crisis and high inflation. Sigtuficantly. theTrust ackWIed8ed th to mlMise the site's potertial it neIj to enhance and expand its offering to the general public. To achie¥¢ this the TTu& recruid a w tsme Events m&ger in February on a one year rolling effttrt. The wrk undertoken by the Evfflts FA&nager incl•1 ¢reating new cffle day event& evening f0MtCe events and the revits]isin8 of the exithng st¢amin8 schedul¢. S(Kne of the new events were more sueee&sful than (rthers knd demonstrated to the Tn1 what was and was not feagble the mweum. Ovuall. the Trust and Museum Th'rertor were pl¢a5ed with the EThts M&w's Ferformance during the year and hop¢ to r¢W the contra¢t in 2024. Thue were nine walth"n8s held during the year iDcluditi8 (me rw>tim. F40 bookin8s WAII betsken for 2024 to the scheduld reoratiOn work The previcrtts year's fimdang appliLZtion £576.CKK) to the Arts Council ETt8l&MI'5 M.E.N.D Fund successful, and a public announcement was made during March. After athorou8h tendwing FT Restoratton Projects were sdeLxed to uTrdee the w(ks. Theonsite work is schedulwj to commence Feiw 2024. The pwnpAn8 Statton succtssfully retsined its Museum AccrQth"tati durin8 the year. Durin8 the year wcrfk progressed on improvin8 the LleS toilet fl11.es and in 2024 Tntst plan to remodel the café and other caterin8 faalities. Itwa$dIdcd that th¢¢OnStrudi( I4[k$t0 build the new l&b'es toilet facilitiesshould be capitslisedwith]"n thexcourtts OngWIth th¢pUrCh of acool ¢onveyorfor the Danks boiler. The Tnw continues to pl¢ fftt Val in the connethons with the University of Nottmgh8m and wtll continue to work wÈth other univ¢r5itie4 colle8e5 and school& coll#baOn with Dra8on's Breath Theatre and the A Tepnple lo Wai¢r vjucation offer to Key Stsge 2 f£hools Corninues with 356 Chil& Yisitin8 In September the Tnt be a c(lty partsw with a University of N(tin8lwn Nottin8h•n Trent Universty PhD research [PoSal investsgatsn8 V48t¢r duc&ion in xh(xTrls and the Notiinghamshire ¢ommunity. If $uccessful. the PhD will Ee funded by Co(l)lknr8t(Ky an organjsation that brings together researcher4 community organisations wd lo(zl p1¢ to deliver meaningful chge fix NOttghaM and Tr40ttlrtghanh]re through research. If su$ful. the PhD will LxYnmcnL% in early 2024. TrainiDg & Governanee Trustees are bn.efed on tltr individud obliWion& SI and a8ree to the cole of ¢i)ndvd and ¥tten& appropnate extemal training events to assist them in their role as trustees. FlnA#tta] rthlew Detailed reviews of the risks f by the Charity in resFd of Opan8 the Pumping Station and its othtr 1Vie are und¢rtaken regularly. Key Man insura¢ is in place to cover the DJ"reLxof's Fosition in the ev¢nt of injury or death aNJ SAandard Omin8 ¥e being wINJu¢eiL Reserves The Trustees have considered the reseryes held iry the ¢¥mpany as at 31 D1b 2023.
PAPPLEWICK PUMPING STATION TRUST TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Reserve5 are ne&d to ensure that the COMF Can meet its reS1b111tsw for curro]t aL#iviti&8 and to meet its long tenn ainLS. Tr truees have reviewed the risks Erfjth in the short and medium ternj to enyjre that the comwty Can Wltinue to opue (m agoing c(Me basis. TheTrust holits a reserve capable of covering three months. e>Wth't as a minirnum aimsto incre the roeryes in theyearendin831 Decanbtr21f24 tono lessthx fl months, expenth'tureplus r&lundancy. At the year the free reserves held £86.366 (2022. £91310). The trustees continue to monitor the level of rewYc4 and the long-tenn aspiration rmins - that thwe should be free reserv equ81 to one year's Omin8 COS Funds dtsignatoj for specific purposes we Sth out in the notes to the fll)an¢ia] statem. Fundraijing The tnistees endeavow to ensure that the of the museum Cffltsn to be vthle from irKome derived from visitor4 wtddin8& and site IM)kings. The Deputy SuFrrtntendent's House continues to produce a rentat income wlll.ch ¢orttribJtes to th¢ dIVlfiOn of ihe sources of income. With support from the new Evts Mana8U, tIK Trust contmu&s to work at increasing the apr1 of the pumping stats'ontoawid¢raudienc4 ine]udin8 familie4 and togenerally athance the visitorexperience. The annual p&8s admi55ion schane c<>ntinues to rlt in an increased numbw of th.ft 'd declarations and "ft Aid reipts. Visitors are increasin8ty r&urning using the annual pass and often bring other$ wilh tFMI as &lditional payin8 Msltors. The tTUStees wtefully &knowledge tk subamial contribthiffls mk to the Trust by the Papplewick Assoeiatioo the a&sociation of the voluntws and Sup1er5 WIN) mh to maIn"n and &thance the opuats'on of the site. Statement of trv5tees' responsibilities The twstees (who are also directors of Papplewick Pumping SAation Tru# for the puryx)se5 of company law) are restsIble for pyepwing the trLL%te¢5' repcfft and the fan¢ stattts in accordance with applicable law and United Kingdom Accounting Standards (Unitd kn'n8dom Generally ACcepj A¢countsng Pra¢ticek incIlA8 FRS 102 The Finwcial Rep18 StaThJard appli¢8ble in the UK and Republic of Irel&.. Company law requires the trustee5 to Prvefinlal statements for each fin8n¢ial ye. Under ¢ompwry law the trnstees must not approve the finarK1 statemerrts Lmless they 4re Satisfi th* they 8Ève a true and fw"r view of the State of affairs of the charitable Company and of its incoming resources and applicatjon of resour indudin8 its income and expeThlitur¢ of the charltable Company. that lod. In prep8nng thes¢ finla1 aatonents. the tn art required to: select suiiable xcDuntin8 t11e3 and then apply them t$1st•. obwye the m&hTrls and pnnciples in the Chan"ti&s SORP" mak¢ judgements aTrl &stimate5 that are r¢asonable and prudenL state whethty applicable C(nting sdardS wmprising FRS 102 have Ixen follorf subject to any material dep&tures dtsclosed and explainoj in th¢ financi81 8tents. and prepare th¢ financ ststements on the 80in8 iy)ncffn bty's unless it is inappropriate to presume the charitable ¢ompany will conUe in busin.
PAPPLEWICK PUMPING STATION TRUST TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Statement of tr•teeJ' reJpoDslbllits (continued) The trustees are r¢swible fcf keeping pro& arUnting rordS th# can th"s¢lose wth rea8onable accuracy at any time the firtan¢ial position of the chan"table ¢otnFony and enable them to ensure that the financial sthtements compty with the COmnieS Act 2. They are also responsible for safeguarding the assets of th¢ chantable Company and hence for tth"n8 reawnable • for the prevention and (ktectson of fraud and othes irr¢Bularitie5. The tnjstees are respx)nsible for the maintaw¢e intwity of the C(ffpoe and fin181 inforrnion includ¢d on charitsble (xjmpany's hebstfr. Legisjation governing the pr¢r4iatson diwmination of firwciai ststemajts may diff¥ from lewslotion in other jurisdithions. Sm•ll eornpamy provtyM)Ds This rew has been pr4)8d in xcorda)¢e wth the small lMpleS. TeBime under the Conpanies Act The annual report was apFfoved Fry the tru*ees of the charity on 13 Semember 2024 a1 si8noA on its b¢half by. G C Saint ChAimap
PAPPLEWICK PUMPING STATION TRUST INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 I report to the charity trustw on my examinion of the of the company for the year 31 De£eMtr 2023, YAu'ch ar¢ sel (Ktt on pa8¢$ 7 to 19. Responjibilitiu ittd knis of rert As the ¢hanty truste&5 of the Papplewk¢k PUmn8 Swion Tn1 (and also its directors for the purposes of company law) you are resnSIble for the SWaron of the a¢wunts in accordanLY with the ruIrements of the Companies Act 2(X)6 ('the 2( Art.). Having satisfied myself tha the accounts of the Papplewiek PumFxn8 Stth'on Trust are not required to be dited under Part 16 of the 2( A¢t and are eliwble for indepthdent ex&nin0t1. I report in resm of my examination of your chan"ty's ¢oiints &s ¢arrieA out undu se¢tion 145 of the Chan"ties A¢¢ 2011 ('the 201 IAct'). In caryingout my examination I have followathe [h"TtIon$Ven by the Charity Commission under section 145{5)(b) of the 2011 ACL IndepeDdent eumiDer's g¢tement I have ¢omplet&l my ex&nin8tion. I confirni th NJ m&ters bave come to my entIOn in connection with the examinatlon givin8 me cause to Edieve.. accounting reoyds wtre not keix Rn rapect of the Papplewick 14mipirtg Station Trust as r4uir&l by section 386 Of the 2(x)6 Ac¢ or 2. the ¥¢ount5 do not aLYord with thase rYds. or 3. the accounts do not comply with the acc(wnting requiranents of section 396 of the 20 Act other than any requirement that the ac¢ounts wve a'true aThJ faw view. which is nrt a matter CCYLsid¢red a5 part of an indepnt examInatso c 4. the accounts have not Iren prepar>J in acc(% with the mahods and principles of the Stater of Recommend¢d Practice f&u1]ng and rewjrting by charities [4pplicableto ¢harities prepanns their ounts in aceordn¢¢ the Ffftnawial Rqlng Stsndard appli¢le in the UK and Republie of Jrelattd (FRS 102)]. I have no concerns and have C faOSS no other matters in nnliOn with tl ex&nin&ion to which attention $hould be draw in this rert in trder to 4 woper llndding of the acu)unts to be rell¢h. Neil CoUpld FCA lhA KWB Chartered Acun1ants Northgate House North Gate New Basford Nottinghwn NG77BQ Date.. 13 S¢ptember 2024
PAPPLEWICK PUMPING STATION TRUST STATEMENT OF FINANCIAL ACTIVITIES Uttduding llleome Expettditure Aceount) FOR THE YEAR ENDED 31 DECEMBER 2023 Total F¥Dd¥ No•E lacome from: Donations 20.462 20,462 Chrilable Aetivitia: OFtratson of pumpm8 Staiion visitor Cffltre 95.104 95.104 Other dINg ctlvi¢ie&" 23.437 23,437 Investments: Interest received 1.226 Other. Grants and othu in¢ome 1.307 63.840 65.147 Totsl 141536 63.$40 205.376 penditure 00: Raisln8 full aritg4ble #¢tivities 6265 142.158 6,265 171025 29,867 Total 148,423 29.867 1782gY) Net ltteome/(expenditsre) (6.887) 33,973 27.086 TrADsfer be¢ween fund8 943 (943) Net th0vemet In (5,944) 33.030 27.086 Re¢onciliatiott of Totsl funds brouglrt for8rd 92JlO 26.9Y17 119,217 Total fillxls carried forwdrd 16 86.366 59.937 146J03 All of the charity's )7t{ derive from Continuing wats.oro duri th¢ aEK)ve 1[
PAPPLEWICK PUMPING STATION TRUST STA TEMENT OF FINANCIAL AcfiviTIES ollddIng ltt¢owe and penditre Account) FOR THE YEAR ENDED 31 DECEMBER 2022 Total F#D FwAdi No•E ltt¢ome from: Dthations 10.599 10,599 CILritbl• •¢tiviti#". 0ration of pumpin8 ststion visitor ¢entre 79.445 79,445 Otber trading Aetivitiej: 21.999 21.W) Investrnents: Interest rtceivtd 142 Other. Grants and other inelxne 645 12.975 13,620 TotAI 111830 12,975 125.805 Expettditure on: Rising IndS Charitlble etivitieJ 5.133 97.189 5,133 116.153 18.964 Total 101322 18,964 121,286 Net income1(PendItllre) 10.508 (5,989) 4.519 Tranjfer betweak funds (20) Net movement 10.528 (6.(XF9) 4,519 ReconeiliAtion of funds Totsl funds brou8Frt forRqrd 81.782 32,916 114,698 Totsl funds carried f(Kward 16 92,310 26,7 119.217 All of the ¢harity's tivities derive from wntinuing CPtt*ions during the aix)ve period.
PAPPLEWICK PUMPING STATION TRUST BALANCE SHEET AS AT31 DECEMBER 2023 Ji Debt20ts 31I)rtHwbl02l 38.481 27,535 Current assets Sto¢ks Debtors Cash at bAnk in hand 12 13 lJ.062 11.639 I.9 lJ.027 6.889 79,553 131.681 Libiiltie8 Crj110rS failin8 due within one year 14 23,859 7.787 Net cmrrettt 107.822 91.682 Total a8 less current hth'lities 146.303 119.217 The funds of the ¢harity'. Rejtricted 16 Conservthon Project WET Stholarship Fund DefiErillator Fund Minor2MgJor Educatson Fund Seven Trent Watsr Repair Fund 22.973 SC 22,973 943 1.9)1 1.991 34,473 59.937 26.9)7 Unrestricted 16 86.3É6 92,310 Totsl fiEnds 146J03 119217
PAPPLEWICK PUMPING STATION TRUST BALANCE SHEET AS AT 31 DECEMBER 2023 (CONTINUED) For the fitJan¢iat year eTrJing 31 tkcember 2023 the charity was entided to exemption from auth't under se10 477 of the Companie5 Aci 20(kS relating to small companies. Direcknrs, spOnSIbl11ties.' The mernbers have not rUIred the charity to obtwn an audit of its xcnunts for the year in question in aordanCe with section 476" and The directors acknowledge their responsibilities for complying with the requirements of the Act wtth reskKct to accounting r¢¢ords and the preptIOn of a(wunts. The finan¢ial statements on pa8es 7 to 19 were aAiroved by the trustees and authorised for i&8ue on 13 September 2024 and signed on their beha]f by.. G C S4lnt airmAII CompaDy No: 04698758 io
PAPPLEWICK PUMPING STATIOIY TRUST NOTES TO THE FINAI¥CIAL STATEMENI3 FOR THE YEAR ENDED 31 DECEMBER 2023 Le8 ofthe chrity The ¢harity is a COMpY limited by 8uarnbX irKOrpOr in En8iand and Wale4 and consequently doe5 not share c4pital. of ihe trustees is liable to ¢i)ntribute an amount not exceeding £10 towards the &8sets of the Chan"ty in the event of liquidats'm. Ac¢ou#ting policies Summary of $18ttificaDt accollBth8 ll(leS kry •¢¢ouDtiDg estkn•te8 The prin¢ipal aLYountin8poIA¢ies in try8J4tson oftlwe filla1 atements are sd out below. These policies have bw cotisiently appli to all the years prestsrtal unle&s othenvise stat. Stt•Den¢ of complln¢e The financia] ststanffits have ten Pr in &tordance with Auting and Rq)orting by Charities.. Sement of Reo)mmended pra"Ce 4)pli¢4ble to charities preparing their ount5 in accordance with the Financiaj Reportyn8 Standard applicable in the UK 4EMJ Republic of treland (FRS 102) (i&sud Odober 2019) - (chtleS SORP (FRS 102)). the Financial Reportins Standard applicable in the UK and Ryt4ic of Irdand (FILS 102) and the Comp&)i&4 Act 26. B•is of prepra¢lott Papplewick Pumping Station Tru me&8 the definits.on ora public benefit lty under FRS 102. Assets and liabililies are initially recOlsed at hist1¢1 Ly)& tranwtion value unless othenvise ststed in the relevant )untIll8 wjlicy not&s. The financi 5trtunents are pr¢5UTrted in stexling which is the f¢tional cwrgTr¢y of the chanty and rounded to the neare* £1. Going concern The trustees consider there are no matenal unt.leS ab(wt the chan'ty's ability to continue as a going ¢on(%m nor any significant areas of uncert&nty that atT% the (xryin8 value of a held by the chanty. ExemptioD from pttplring a flov statemettt The charity optd to earty adoFrt Bullthn I publi5hoJ on 2 Febnwy 2016 and have thuefore not irtcluded a cash flow statement in these fujancl #atellnt& Ineome reco8nlllo Clwn"iable trlAs ¢XfiVilie5 Inc4m¢ frixn pumpin8 #atson admission i5 included in in¢(Nnin8 resÈMr¢%
PAPPLEWICK PUMPING STATION TRUST NOTES TO THE FINAI¥CIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Aceountin8 pdldes ¢ontiDued Incomefrom donations and8ran incluth"n8Wital grarrt& is indutsl in incomin8re50urceswhen these receivable, except as follow5.' When d(mOT5 sIfy that don&im5 and Ven to the chan.ty must be used in futvre accountsn8 Fwiod4 the income is defr wjtil thos¢ F¢nods. When dOnS imw>se condition& which mv k fidfilled the charity bexom¢s entitled io use such income. the irwme is deferred and not Includ in incomin8 resoure¢g until the Ffe-¢onth'ts'ons fcf use h8Ye bn met. ttedenPle¢s aThlfvcih"iies tknnated services fao'lities aTr Includ in i)rne at a valuatson which is timate of the financia] cost Ixtyrne by the (knnor Whe such a ciis¢ is quantifiable atid measurable. No income is re¢ognised when there is rK) finarKial ¢0# trfxne by a thi'rd Fty. Inle1 receivable Inter&st is included when receivable by thechan"ty. Expenditiire recognition Expthditure ts included in the Ststemtht of Finwrial Activities IM an a¢ffl]al'5 b&81& inclusive or any VAT wkn.eh ¢annot Ee r0Veled. tan expenditure is dir#tly &tributable to specific tiVitieS and h&% been included in those cost cate8ories. Certw'n other cosL% Mthich are attrIb&ble io more tlun one 'VIty. are apportioned a¢ros5 Cost eaiegories b8wI on an estimate of the proptrtion of tsme spent by slaff on those acts'vitie5. T#Dgible Ilxed assets Individu81 fix a8sds Cogting £4(KI OT more are capitalisol at St. The Trueeg have reviewed their policy on deplatIng fixed assets and have eonclud>l that all existing &ts incluth"r8 the leasehold and xcUMulat PToperty impTovanents have no value and should k witten off. Future tanwble fixed &SSas will r•nain to be dep"ated on a strw8ht-line bLS over their estsmated w¢fu] lives as follo¥.. rate Fixtura and fittings Plant and m&hllwy Buildings 3311/0 Strai8ht Line 5 I St 2/# Strai8ht Line 2¢P/u Straight Line but not depreciated until asset is brought rnto use 12
PAPPLEWICK PUMPING STATION TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Ae¢ountitt8 pdi(4es CODtinlled Stock Stock has been valued by the Tntst md 1$ sttsj at the lower of ¢t and net realisable value. Trnde debtors Trade deErtors are anUnts due fr(qn cthstomers for muchendise sold services pf(¥med in the ordinary Course of Emjsiness. Trade debtors we reco]Sed initia]ly at the transaction PriL. A provision fw the impairnient of trth debtors is e8blishsJ th thexe is objects've evide[ that the chan'ty will not be able to ¢01]t all amounts due ¥dIn8t0 the (Ki8uwI tem)s of the E¢1Vable& Trade creditors Trade creAb"tors aTe obligats'(isto pay for 8J$ OT services that have iyen acquir1 in the ordinary course ofbu5in¢s5 from suppliers. A(xxTrunts ptyable art classified &8 ¢Utttht liabilitieq ifth¢ charity does not have &) unwnth"ttonal rig * the end of the repcrting pujd, to d¢fer settlement of ihe creditor for at ISt twelve months afterthe r4Ing date. If there is an Unwnth.tion right to def settlement f¢x at le&8t twelve months aft¢r th¢ repkn8 dat< th¢y are pr&slj as non-current liabilities. Tr¥de creditors a rwrnsed initially at the transactiott pritt. Fund accoun¢illg FdS held by the charity are eithtr.. threstricled ge•ralfvThts - these aTe funds wlll.th can be used in cordance with the Charitable obj.pts at the th"scretson of th¢ Irustees. RÉstri¢tedfvmb - these are hjnds th can only be used fff rerided purw>5¢5 Within the objects of the chan"ty. Restrictions arise ert wif1 by the donor or when funds are Further explatiat1( of the natwe gnd PUrse of eath fund is induded in the notes to the flnanc statements. 13
PAPPLEWICK PUMPI¥G STATION TRUST NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Atty91$ ofdonatiDW5 2022 Papplewi¢k ATh"atIon Small donati(mgJu& VIng Donated 8(ods. c( 15.821 4.641 7.150 1,449 20.462 10.599 IDcome frwi the operatio4 of P¥mPiDg Jtstiw visitor ¢¢ntre 2022 Admission fees Mis¢ellaneous rettims Gift Aid Sal¢ of guidetrKx)ks 71.174 10.823 116 58,364 9,548 10,929 95,104 79.445 Other tradill8 Jclivities 2022 Wedding hire Depity's rent Sitelroom hire Shop 7,340 lo.9 4,349 1,659 6.739 10,020 4.240 23.437 21.99) Grants ond other income 2022 (Xher Incom¢ Eabt Midlands Museum Grant Historic En8land Repair Grant Severn Trent Wat Inspire Educthonal Fund 1,307 645 1.5 9.450 2.25 58,840 65.147 13.620 14
PAPPLEWICK PUMPING STATION TRUST IYOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 E4)enditure 202J 2022 Expendliure on chiritable activit Pttmises costs Light and heat 14.832 &983 6.269 Water wjd ¢ounol tax Site maintenance Hire 47 32.733 1357 16.810 2,933 Suppvt crnts Insur8n¢e SUbsCrtI{ misce118nuS Events & enitrraineT5 Satwies and related wsts Proftsstonal fees Deputy House manwent fets & costs Offl¢e ¢osrs k charges Depreciation 6.762 5,650 943 1.959 9,508 33.861 1,800 1.429 3.08 1.089 1.686 17,512 50.393 &723 1.728 3.361 833 1709 Proj¢¢t costs Educational Coas 7.562 24,368 171.175 115.328 In <h"uon to the expenditure analysed alKsve. Ihtte ¢ also governan¢e COS of £850 (2022 - £825) vthich rdate dtrtty kn chan"table tivities. These art as follows. Govwo•#ce cobts 20LI )22 ExaMInOn of the fin*Kiel statan 850 825 Ewditsrt on raIsi8 fund5 21122 Publicity & printin8 Shop st(Kk s.5 4.428 705 5.133 The expettdilure on charitable artivitse5 w&8 £171025 (2022. £116.653) of wbi¢h £29.867 was rthkctd (2022.. £18.964). All exp•tUre on rwsins funds unrestrict&4. 15
PAPPLEWICK PUMPING STATION TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 ittcominy/(outgoin8) resources for tbt &r Net in¢oming resour¢es are stated afier ¢harwns.' 2023 2022 tkpreciation of tansible fixed assets.. - own¢d by the ehan'ty Independent ex8mination fees Ac¢ounthncy and book-keeping fees 2,709 850 2.150 1.686 825 1,800 Staff numbers and stsff ¢oJts There vS an average of 2 employee$ (2022.. 1) employed throughout the accounting riod. Staff costs wEre.' 2023 2022 Sa]8rieg Pension 49.273 1.120 33,056 50J93 33.861 No employee rec£ived remuneration gmountin8 to more than £60,000 in either year. The 10t anployee benefits of the key man88ertt wsonnel were £50.393 (2022.. £33,861). io PAym*#ts to Trust¢ The trustees have re1Ved no remuneration from the charity durin8 Ihe year. The trustee5 have re1Ved no reimbursed expenses during the ye¥. 16
PAPPLEWICK PUMPING STATION TRUST NOTES TO THE FINANCIAL sfATEMENIS {CONTtNUED) FOR THE YEAR ENDED 3] DECEMBER 2023 T4ngible fixed Auets- charity Bwlldin Totsl E4Pemt ll1d Cost At l January 2023 Athlitions 12.979 24J83 21973 60.335 At 31 Dember 2023 21,630 24J83 27.977 73. Depreciatio At l January 2023 Charge for the year 8.417 24,383 32,8) 2,709 At 31 December 2023 11,126 24J83 35,5(H) Net W value At 31 December 2023 10.5Chl 27.977 38.481 At 31 DecemFr 2022 4.562 22,973 27.535 Buildin8$ oUght forward relate to a partial rebuild of the Re¢de[ Hou5< used to monitor water l¢ve15 of the underground reservoir. This has not Len depr¢i*ed in the year 8$ it ts only a partial rebuild and maintans an asset durin8 conslThction. The adth"tsons within the year were not depre¢ted until irght into use in January 2024. 12 Sto¢k 2023 2022 GcKMh for Tesale Stock of crAI 3(K> 12.762 1.192 11.835 13 Debtors 2022 Trade detrAors Other debtors Prepayments and income 7,421 154 735 4,218 14 Creditors 2022 Traje er&b"tOT5 Other taxes and xKial secur 4.873 1,773 17.213 789 746 6252 17
PAPPLEWICK PUMPING STATION TRUST NOTES TO THE FINANCIAL STATEMENTS (coNTlED) FOR THE YEAR ENDED31 DECEMBER 2023 14 crltOrS (continued) Rewurces deferr in ihe Feri tn¢ome is deferred and t1 relead in the 111 in thich rt is attributable. £11542 15 Defitted CODtriblltiott pension scheme The ehan'ty OPWdtL4 a &fineAI ntrIbuOn schen. The pension ¢ost charge for the year represents cffltributions payablety the¢hwity tothes¢h•ne and amounted to £1.120{2022. £805) Funds 16 Ballt Outgolni Trwwfen BAlgn tanled Unrestricted fulld• Gener41 Unre5tncted Inoxne Fund io 141536 943 Totsl Unrejtricted fll•ds 141 536 148.423 943 86,366 Restricted fvttd8 Conservknon Proiert WET Scholarship Fund Defibn"Ilator Fund Inspire Fund Minor2MaJor Ethation Fund Seven Trent Water Repalr Fund 22.973 22.973 S(N) {51XJ) 943 (943) (5.OW) 1.991 58.840 (24.367) 34.473 Total restricted fun 26,7 63,840 (29.86D (943) 59,937 Totsl 119,217 205J76 (178.2) 146,303 The Conservation Project is currently supported by the Herits8e Lottery Fund and is for the restoration and ¢onserYati(m of th¢ Papplewick PUMpn8 Stahon. This fund is rq)resented by the building work5 capitali8&1- gee Dote I l. The (Water Edu¢1( Fund) Scholarship h&8 up by Papplewi¢k Sknwing Ststion Trust io •d pOStadUat&S in resewch by makn.ng a 8ram of £51XI.IX) each year to a student s¢lertaJ by The University ofNOttin8h to &8sist in att•hdancz to presgrt a pw at an a¢adgnic cortftrence in the UK or abr(d. The tkfibrRllatiY Fund was ¢stobli3h to [e1ve money raised by Papplewick As¢1&110n for the provision of a defiEfft"Ilator on $i and any trainin88nd nintenanCe. Thi'$ was transferr to G¢nffal funds with th¢ aweanent of TnttS as fuThl is no longu in use. 18
PAPPLEWICK PUMPING STATION TRUST NOTES TO THE FINANCIAL STA TEMENTS (CONTINUED) FOR THE YEAR ENDKD31 DECEMBER 2023 16 F4d% (continued) The A Temple to War edu(ztson prornme is fvTrl¢d by grants awarded by the MIn2maJor Community Grant scheme and the East "d18ndS Museum Development Fund (which received tts money from ihe Arts C0clI Fgland). Thes¢ fianth'ng streams have enabled the museum to off it's A Temple to Water ojucth'on Fffogramme to sthools durin8 2022. The monty is Us1 to pay historical interpreters and to purdwe makn.als arKJ reSOUTrx%. A r&¢nt conditson suryey of the pp]n8 sOn infr&8truLure was fLmded by a wt aworded by Historic Engtartd (Ihe Repar Grath) and &Jth"tional money award by Sevffn Trert Watu. Along with contributirn5 from the pumping ion itself. funth.ng streams enabl the museum to ¢ommission StrU¢Tal enwtwers md (rther spialists to a detatled condition survey. ThÈ$ survey VA4 then used a8the found&ion for an atplication to Arts Council Engl8nd's M.E.N.D Fund in September 2021 a fund set up SlfiCalty to help museums and heritage attraetions maintajn their infrastnjcture. Three areas were identified as nling ur8ent repair at Papplewick.. the chimney, the enwne house and the FM)undary wa]l. The 8pplicknon was successful in 2023. 17 Asset anlysis by Restrided fuDd• Totsl Fixed assrts Stock Debtors 38.481 13.062 11.639 I,980 15.508 I3.12 3,639 76,016 22.973 Croditors 30.964 146.303 86.366 59.937 TrAnidion witb reAaied parties Durin8 the putod th¥e we¥e no trwartions wrth rel*a partses (2022.. Nil). 19