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 inforn￿tIon
Tr￿tee$. 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)mp￿Y limited by gurnteeand a regi*wed 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 dIre￿orS 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 atthelrdl￿ret10n 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 Ann*ron8
LDGee
(App)inted under articles)
AMSmw¢
Regi$trr¢d office:
Pappl¢wick Pum￿n8 St*1
RJ"88 I￿￿ N￿inghan4 NGI 5 9AJ
Sulkltorj:
On Bond th"g& P¢arl A55uraD￿HOUtye. Friar Lan4Nottin8ham NOI
6BX
lttdependett¢ Ex*mlner.
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 final￿1￿1 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 Associ*ion and the
St•ement of R*ommended Pr*tsce- Ae¢ounttn8 and r¢Fortin8 lry Ch￿l￿eS.
Objectives and adivities
The objects of the ¢harrty are to.'-
Promote the pernw￿l 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 ed￿ts0n 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¢ humani￿lan of watw use and supply).
Su¢h other ch&itable pwtx)ses in Comi￿lOn with the aix)ve as the trustees may in th¢ir sole
discretion decide.
Due reg￿d 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.
Org*niJatiD
A Board of Tru#ees of no less than S members thini*r the ¢hatity. A Chairnwi is ap￿Inted from the
trustees.
Investwent ￿￿er1
Under the memor￿dum Articles of A&￿la￿0Th 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 ack￿WIed8ed th* to m￿lMise the site's potertial it ne￿I￿j to enhance
and expand its offering to the general public. To achie¥¢ this the TTu& recrui*d a w tsme Events
m&￿ger in February on a one year rolling effttr￿t.
The wrk undertoken by the Evfflts FA&nager incl￿￿•1 ¢reating new cffle day event& evening ￿f0M￿tCe
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 Tn￿1 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 re￿oratiOn 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 uTrde￿e 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 L￿leS toilet f￿l11￿.es and in 2024 Tntst plan to remodel
the café and other caterin8 faalities. Itwa$d￿Idcd that th¢¢OnStrudi(￿ I4￿[k$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#b￿a￿On 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 Tn*t b￿e 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 $uccessful. the PhD will Ee funded by Co(l)lknr8t(Ky an organjsation that brings together
researcher4 community organisations wd lo(zl ￿p1¢ to deliver meaningful ch￿ge fix NOtt￿ghaM and
Tr40ttlrtghan￿h]re through research. If su￿$ful. the PhD will LxYnmcnL% in early 2024.
TrainiDg & Governanee
Trustees are bn.efed on tl*tr 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 resF*d of Op￿a￿n8 the Pumping Station and its
othtr ￿1Vi￿e￿ 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 D￿1b￿ 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 reS￿￿1b111tsw for curro]t aL#iviti&8 and to
meet its long tenn ainLS. Tr tru*ees have reviewed the risks Erfjth in the short and medium ternj to
enyjre that the comwty Can Wltinue to opu*e (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 lessth*x 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¢ dIV￿lfi￿On of ihe sources of income.
With support from the new Ev￿ts Mana8U, tIK Trust contmu&s to work at increasing the apr￿1 of
the pumping stats'ontoawid¢raudienc4 ine]udin8 familie4 and togenerally athance the visitorexperience.
The annual p&8s admi55ion schane c<>ntinues to r￿lt in an increased numbw of th.ft ￿'d declarations and
"ft Aid r*eipts. Visitors are increasin8ty r&urning using the annual pass and often bring other$ wilh tFMI
as &lditional payin8 Msltors.
The tTUStees wtefully &knowledge tk sub*amial contribthiffls m*k to the Trust by the Papplewick
Assoeiatioo the a&sociation of the voluntws and Sup1￿er5 WIN) m￿h 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 rest￿sIble for pyepwing the trLL%te¢5' repcfft and the f￿an¢￿ stat￿￿tts in accordance with
applicable law and United Kingdom Accounting Standards (Unitd kn'n8dom Generally ACcep￿j
A¢countsng Pra¢ticek incI￿lA8 FRS 102 The Finwcial Rep￿18 StaThJard appli¢8ble in the UK and
Republic of Irel￿&..
Company law requires the trustee5 to Prvefin￿lal 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¢ fin￿￿la1 aatonents. the tn￿ art required to:
select suiiable xcDuntin8 t￿11￿￿e3 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 s￿dardS wmprising FRS 102 have Ixen follorf subject to
any material dep&tures dtsclosed and explainoj in th¢ financi81 ￿8t￿ents. and
prepare th¢ financ￿ ststements on the 80in8 iy)ncffn bty's unless it is inappropriate to presume
the charitable ¢ompany will co￿nUe in busin￿.

PAPPLEWICK PUMPING STATION TRUST
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Statement of tr•teeJ' reJpoDslbllit*s (continued)
The trustees are r¢swi￿ble fcf keeping pro&￿ ar￿Unting r￿ordS 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 COm￿nieS 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(ffpo￿e and fin￿￿181 inforrn*ion
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)8￿d in xcorda)¢e wth the small l￿Mp￿leS. TeBime under the Conpanies Act
The annual report was apFfoved Fry the tru*ees of the charity on 13 Semember 2024 a￿1 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 examin*ion 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 re￿rt
As the ¢hanty truste&5 of the Papplewk¢k PUm￿n8 Swion Tn￿1 (and also its directors for the purposes of
company law) you are res￿nSIble for the SWar￿on of the a¢wunts in accordanLY with the r￿uIrements
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"T￿tIon$￿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 r￿Yds. 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 indep￿￿nt examInatso￿ c
4. the accounts have not Iren prepar>J in acc￿(% with the mahods and principles of the Stat￿er￿ of
Recommend¢d Practice f￿&￿u￿1]ng and rewjrting by charities [4pplicableto ¢harities prepanns their
ounts in aceord*n¢¢ the Ffftnawial Rq￿￿lng Stsndard appli¢**le in the UK and Republie of
Jrelattd (FRS 102)].
I have no concerns and have C￿ faOSS no other matters in ￿nn￿liOn with tl* ex&nin&ion to which
attention $hould be draw￿ in this re￿rt in trder to 4 woper llnd￿ding of the acu)unts to be
rell¢h￿.
Neil CoUpl￿d FCA l￿hA
KWB Chartered Ac￿un1ants
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
Ch*rilable 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 th0veme￿t In
(5,944)
33.030
27.086
Re¢onciliatiott of
Totsl funds brouglrt for￿8rd
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 olld￿dIng ltt¢owe and ￿pendit￿re Account)
FOR THE YEAR ENDED 31 DECEMBER 2022
Total
F#D
FwAdi
No•E
ltt¢ome from:
Dthations
10.599
10,599
CIL*rit*bl• •¢tiviti*#".
0￿ration 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:
R*ising I￿ndS
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 De￿bt￿20ts
31I)rtHwb￿l02l
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
Li*biiltie8
Cr￿j110rS 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
se￿10￿ 477 of the Companie5 Aci 20(kS relating to small companies.
Direcknrs, ￿spOnSIbl11ties.'
The mernbers have not r￿UIred the charity to obtwn an audit of its xcnunts for the year in question in
a￿ordanCe 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 prep￿tIOn 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 ch*rity
The ¢harity is a COMp￿Y 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 fil￿￿la1 *atements are sd out
below. These policies have bw cotisi*ently appli￿ to all the years prestsrtal unle&s othenvise
stat￿.
St*t•Den¢ of compll*n¢e
The financia] ststanffits have t*en Pr￿￿ in &tordance with A￿u￿ting and Rq)orting by
Charities.. S￿ement 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) - (ch￿tleS SORP (FRS 102)). the Financial Reportins
Standard applicable in the UK and Ryt4ic of Irdand (FILS 102) and the Comp&)i&4 Act 2￿6.
B•is of prep*ra¢lott
Papplewick Pumping Station Tru￿ me&8 the definits.on ora public benefit ￿lty under FRS 102.
Assets and liabililies are initially recO￿lsed at hist￿1¢￿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 un￿t￿.￿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 fujanc￿l #atell￿nt&
Ineome reco8nlllo
Clwn"iable tr￿lAs ¢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 s￿Ify that don&im5 and ￿ ￿Ven to the chan.ty must be used in futvre
accountsn8 Fwiod4 the income is def￿r￿ wjtil thos¢ F¢nods.
When dOn￿S 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 b￿n met.
t￿￿ted￿enPle¢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.
Inle￿1 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 r￿0Veled.
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 Tru*eeg have reviewed their policy on dep￿latIng 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
b￿LS 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 an￿Unts due fr(qn cthstomers for muchendise sold ￿ services p*f(¥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 e*8blishsJ 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 8￿J$ OT services that have iyen acquir￿1 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 I￿St twelve months afterthe r4￿Ing date. If there is an Unwnth.tion￿ right to def
settlement f¢x at le&8t twelve months aft¢r th¢ rep￿kn8 dat< th¢y are pr&s￿l￿j as non-current
liabilities.
Tr¥de creditors a￿ rwrnsed initially at the transactiott pritt.
Fund accoun¢illg
F￿dS 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 re*rided 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 PUr￿se 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
Att￿y91$ ofdonatiDW5
2022
Papplewi¢k A￿Th"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
SUbsCrt￿I{
misce118n￿uS
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 &lth"uon to the expenditure analysed alKsve. Ihtte *¢ also governan¢e COS￿ of £850 (2022 -
£825) vthich rdate dtr￿tty kn chan"table *tivities. These art as follows.
Govwo•#ce cobts
20LI
)22
ExaMIn￿On of the fin*Kiel statan
850
825
Ewditsrt on raIsi￿8 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 v￿S 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 man88￿ertt wsonnel were £50.393 (2022.. £33,861).
io
PAym*#ts to Trust¢
The trustees have r￿e1Ved no remuneration from the charity durin8 Ihe year.
The trustee5 have r￿e1Ved 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
E4￿P￿emt ll￿￿1d
Cost
At l January 2023
Athlitions
12.979
24J83
21973
60.335
At 31 De￿mber 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 DecemF*r 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 L*en 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 ir￿ght 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 (coNT￿lED)
FOR THE YEAR ENDED31 DECEMBER 2023
14
cr￿ltOrS (continued)
Rewurces deferr￿ in ihe Feri
tn¢ome is deferred and t1￿ relea￿d in the ￿11￿1 in thich rt is attributable.
£11542
15
Defitted CODtriblltiott pension scheme
The ehan'ty OPWdtL4 a &fineAI ￿ntrIbu￿On 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
Ball￿t 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 Eth￿ation 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 PUMp￿n8 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 pOSt￿adUat&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 $i* and any trainin88nd n￿intenanCe. Thi'$ was transferr
to G¢nffal funds with th¢ aweanent of Tn￿ttS 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
F4￿d% (continued)
The A Temple to Wa*r edu(ztson prornme is fvTrl¢d by grants awarded by the MIn￿2maJor
Community Grant scheme and the East ￿"d18ndS Museum Development Fund (which received tts
money from ihe Arts C0￿clI F￿gland). 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 Us￿1 to pay
historical interpreters and to purdwe makn.als arKJ reSOUTrx%.
A r&¢nt conditson suryey of the p￿￿p]n8 s￿On infr&8truL*ure 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 sp*ialists 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 S￿lfiCalty to help museums and heritage attraetions maintajn
their infrastnjcture. Three areas were identified as n*ling ur8ent repair at Papplewick.. the
chimney, the enwne house and the FM)undary wa]l. The 8pplicknon was successful in 2023.
17
Asset an*lysis by
Restrided
fuDd•
Totsl
Fixed assrts
Stock
Debtors
38.481
13.062
11.639
I￿,980
15.508
I3.1￿2
3,639
76,016
22.973
Croditors
30.964
146.303
86.366
59.937
TrAni*dion witb reAaied parties
Durin8 the putod th¥e we¥e no trwartions wrth rel*a partses (2022.. Nil).
19