Charfty Roglstratlon No. 1113837
Company Reglstratlon No. 5743618 IEThgland and Wal￿)
ESKDALE MILL & HERITAGE TRUST
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2020
'A4E4RSLS•
3010912021
COMPANIES HOUSE
Gibbons
Chartered Accountants &Tax Advisers
SERVICE
SOLUTIONS
VALUE

ESKDALE MILL & HERITAGE TRUST
LEGAL AND ADMINISTRATIVE INFORMATION
Trust•es
MT P Dean
Mi S Hemm
Mi R Johnson
Ms R Lord
Mr PG Phara
Mr SWRoss
{Appointed 3 June 2020)
{Appointed 5 November
20201
Ch*rity numb•r
1113837
Company number
5743618
Principal addrus
Eskdale Mill
Bc
Holmrim
Cumbria
CA19 1TG
R¢glsterod offic•
Eskdalg Mil
Holmrook
Cumbria
CA19 1TG
Indopendont examlner
Gibbons
Carfeton House
136 Gray Street
ifytjrkingtc
Cumbria
CA14 2LU

ESKDALE MILL & HERITAGE TRUST
CONTENTS
Page
Trustees. report
Independent examinerfs report
Statement of financial acti¥it*s
Balanee sheet
Notes to the financaal statwrwits
9-20

ESKDALE MILL & HERITAGE TRUST
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 DECEMBER 2020
The Trustees present their rep)rt and ffinancial stslements for the year ended 31 December 2020.
Prlnclpal objects
The principal charitsble obpcls of the Trust are the preseTra￿n and development. for the public benefrt. of
the 16th century Eskdale Water Com Mill * B¢y)t. being of partthlar historical and architectural inleresl,. and
to advance the education of the public in the hi510ry, heritage. geography and wlogy of Eskdale. so as to
increase their understanding of the built and natural environmenL
In acC￿dance with section 17(5> charit￿ Act 2011, in exerugng their Ptr4¥ers and duties the Irustees have
had regard to the Charrty Commission's guidance ¢)n the pubhc benefrt objeelive.
Gov•rnance and man•gem•nt
Inevitably the effects of ts Covid-19 pandern￿ (krfninated all aspects of Ihe Trusl's work duriThJ the year.
Trustees, meetings were replaced in the eady months of the outbreak by circularised briefings. until monthly
meetings were resumed by Zotyn in June. The trustees therefore met on nine occasions and contsnued
carefully lo monitor the phywcal pr￿3￿$$ and financial impli&*￿$ of Ihe National Lottery Hent&3e Fund
conseNalion project and the Tfusys other actNities. Prcgress meetings, attended by the lead eonsultanls and
a Trust rep￿SentatiVe. wefe hekl regularly but reduced to bi-monthty as the project approached its final year.
NoAmnual General Meeting look place in 2020.
We leamed with regret of the deaths of th￿e of the Trusfs or*Jinal patrons. Lord Rea of Eskdale. Patrick
Gordon-Duff-Penninglon arKI Lord Judd. and remember with gratitude the help they gave to the Trust in
variou5 ways.
Adam Pattison, who had seNed toth as membership secretsry and deputy treasurer. retired as a trustee in
February". the Tnjst is most grateful to him for all his help. were p￿aSed lo welcome three additional
trustees, all of whom had previousty seNed as advisers ." Stuart Ross. general manager (visitor experience} al
the Ravenglass and ESkda￿ Raihvay Cornpany., Steve Hemm. who ha5 an engineering background and
continues lo be an athve volunteer: and Peter Grove. a management a￿Untant. Andr•v Feaver. who txings
Specialist engineering skills. joined LIS as an aokn"ser.
Kale Hughes continued in post as our knowledgeabbe and enthusiastic resident mill manager and sole
employee, assisted by the considerable voluntsry contribut￿n of her partner Ed Maddocks. Kate's workload
was of course transformed by the pandemic, but fortunatety the trustees did not need lo consider furlough,
due to eonlinuing Natjonal Lottery project finanee. Kale was able to carry out a substantial volume of work to
enable the mill lo open lo visitors on a restn.cted basis in be￿een IcKkdowns, to prepare for future reopening
when restricts'ons pemiil, and lo plan for the kyogramme of acbvitsts ￿Uired to be delivered before the NLHF
projecl ends.
Th• conseThfation project
Following completion of the construction ph8se of repair and conservatK)n of our buildings. and opening the
mill lo the public in the previous year. the Trust's main aclNty in furthering ts charr13b￿ obj'ects in 2020 should
have been a year of consolidatson and improvement, enabling us to Use experience of our first season to
improve our offer to visitors, an¢J to add rthv Corn￿nents fr(Mn our list ol project objectives. In event, the
mill Could be opened only briefy before the flrst lo¢kd¢)wn and then for a longer period in the summer, ended
by the second. and our plans for opening around Christmas were then curtailed by the third thkdown. That
we were able to re-open at all was due to the manager's inttiative in Completing the appropriate risk
assessments and devising a new visitor regime to compty wrth restrict￿$. invoth.ng an online booking
system, the temporary relocatK)n of receplion into the exhibitK)n room, a one- way roule and removing or
sealing off parts of the Interp￿tat￿ll display whith required touch. Some of these steps were covered by
addIt￿n81 finance provided by NLHF, and we also tenefitted from the 5uspensitin of business rates and
standard government grants lo businesses paid via CopeLqnd Borough Council.

ESKDALE MILL & HERITAGE TRUST
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2020
Special events planned for the year had to be ￿￿￿Oned. bul wortt continued wilh our inleipretation and
activrties consultants. Minerya Heritage of Lan￿ster, on Ihe production of revised promlional and
educational materials. and the catakguing and future use of historical artefacts currentty in store. The
services of our hard-working volunteers were sadty lost for most of the year, bul despite thbs some new
volunteers joined us during the year and tremendous strides were made towards reclamation of the miller'$
garden. mainty due to Kate and Ed's efforts. The￿ was also some further progress with clearing brambles
from the field behind Ihe cottage. ￿￿1￿ continued on the proposed development of our small shop. selling the
guide-book and items of local interest As usual our projecl organisers. Shirley Muir As5Ctiales of Wigton,
kept 8 careful eye on finance and the delivery of project objectives. At the very end of the year a mid-lemi
review of the prciect. required by NLHF. was carried out by IAfjngspan Consu￿"ng of Keswick. reeognising the
unforeseen thfficU￿eS caused by the virus but makirvj some helpful reccrnendatws.
Covid restrictions caused travel problems for our millwrights. based in Dorset, but some snagging issues with
the mill machinery were eventualty resofved by them, enabling our architect. Countryside Consultants of
Alston, to sign off their contract wrth the assistance of our local consultsnt Mil￿right. Stuart Hobbs of
Greenodd. The main building contractof's relum to address Klenlffied defects was also delayed. btrt most of
these issues had been dealt with by the year*nd. Unfortunatety there was a worsening drfficulty wrth the
cottage water healing system. which caused serious inconvenience to its C￿￿PanIS and their temporary
removal lo actommodalj.on nearby whiLst repairs were caNied out. The trustees are gralefvl to Greg Poole of
Select Cottages for making that w$sib￿. All defeels involving physi￿1 work al the prOpert￿S have now t*en
satisfactority reso
ien opening was possible, cornments in our visrtors, book were again univetsally faVoUrab￿. The manager
continued to update our website and to promote the Trust on social media. Disth"bulion of leafiets in local
tourist accommodalK*n and at other leisure outlets had to be suspended. Our friends al the RaVeng1￿ and
Eskdale Raifvoy. who nomially bring so many of our wsitors up the valley. unhappity had to dose for much of
the year and even when trains were running. had to suspend the prev￿U$ year's joint tickeling arrar¥Jement.
Visitor numbers during the year fdl to .
February
121
March
20
ugust
218
epiember
365
etober
244
November
134
otal
1.102
Th• hydro4•neration proi•¢t
Regrettably, the history of lethnul drfhculty wilh e￿¢tr￿lty generation by the modem waterwheel eXperien￿d
in the previous year continued in 2020. After a trouble-free peri&J follcming the lnsts1lati￿ of a new gearbox
in August 2019. a new and unexplained problem arose in Septemter 2020. when increased noise level and
the precautionary need to proted the mathinery from possibk fvrther damage caused the system to be
closed down. Covid restrictions then prevented our speciali51 volunteers and their professional support from
being able to come onto the site to anatyse Ihe ￿￿Se and undertake the ne￿Sary repair. As reslrrlions
were eased this has now been possible.. addiltonal sound insulation is bein9 added and it is hoped there is no
major failure of the equipment requiring sub5tantbal additi.onal expenditure.

ESKDALE MILL & HERITAGE TRUST
TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2020
Despite these problems, in Ihe 58% of lotsl time available when the system has been in operation since
restsrting in August 2019. il has generated 22,243 klAth up to ADriI 2021 and eamed an esbmated £6.191 for
the Trust. Thanks lo the paI￿nce and experkn.se of trustee Sleve Hemm, we now have pemiission from the
Environment Agency to extract suffiaent water from the lthillan Beck lo drive our three waterwheels.
Plans for the future
2021 15 the last year of the Trust's £1 millicjn conservation prqect, funded by NLHF. Copelarbd ConTnunity
Fund and other granl-giwn9 bodies. Unkss prevented by recurring circumstance$ outside our control, we
musl satisfy NLHF that we have delivered all the outcome$ set by them back in 2017. before the final tranche
of oui funding can be released. The amount retsined by them wnding satisfactory completion has he￿fullY
been reduced from 10% to 3%. From 2022 the Trust musl operate wtthout subsidy. To manage that we must
achieve challenging targets for vI￿10r numbers and ineome. and a sustained revenue from the sale ol
ele￿ncIty into the Naltonal Grid. Whilst we remain confidenl consL8tent monitoring of our progress towards
this aim has not been possible due to the effects of the pandemic. IAÈ have a 9￿81 deal of ground lo make
up in 2021, assuming that sc¥nething like rKxmalty rebjms.
Encouraging our existing volunteers and inueasing thwr number remains a pnority. in order to open the mill to
visitors six days each week in accordance with the business plan. hope further lo expand Trust
membership. A funding sub4roup ha5 been established to priontise areas for applutions for new finance
and idenbfy prospective grant%iving b(¥j￿S. The manager has exciting plans for milling demonstratKJns using
the lower millstones, now tuming for the first tsme in more than a ￿ntury. and development of and events in
Ihe f￿d. Thefe ss much to be done in expanding woth with school&
Flnanclal rovlow
rhJring the year, we reeeived grants of £52.329 from the National Lottery Heritage Fund project, along with
£11,334 from Copeland Borough Council, arKI £9,295 from Cumbria County Council. The funding from
Copeland Borough Counal and Cumbria County Council was receNed as support in relat￿￿ to the Covid-19
pandemic. The Trustses are eX1￿mety grateful for this fvnding.
Donations have been reeeived throughout the year. as part of the membership subsuipthx. or through
dOn*t￿n$ of the general public. We remain gratefvl lo all our SUPFXJters, past and present.
The Trust's ongoing liabilty for council tax in respect of the mill cottage was reduced folbowing reasses$m8nl
by the Valuation Offic£ Agency. There was a small increase in business rates in respect of the mill buildings,
discounted due lo our charitable status. Thanks lo Trust adviser David Blanden for his help with thi5 proce5S.
The financial slalemenls to 31 December 2020 show a gain overall of £23,833 for the year. There was a
surplus on the unrestricted fund of £17,419, and a surplus on the restricted fund 01 £6.414. The Trustees are
pleased with this result. as the Trust begins lo make the transilKJn in to a sett sufficient organization. once the
National Lottery Heritage Fund project ends. The challenge remains for the Trust to be self sufficient and
generate enough In￿Me to support Ihe empk)yment of the mill manager. beyond the ￿$SatIon of the Naional
Lottery Heritage Fund project.
The Trust has recognised the need for a designated lund whth indudes the value of the mill buildings at cost,
which $ils at £108,153. A further fixed asset reserve hos been created in the year, which is lo the value of
fixed assets. meaning the aft￿)Unt shown in Un￿strIcted reserves are the free r￿r¥e$ to meet the ongoing
ch8ri1able activities.
The Trust has unreslricle(I funds of £26,767 availab￿ for activities in 2021. The Trust reserves policy is 24
months unrestrbcled expenditure, and the Irvstees accept that the eurrent kvels of reserves fall short of this
tsrget. However, the Trustees are aware that the Trust musl build up rts free reserves lo ensu￿ and safeguard
the mill manager's position and will take the necessary measures to increase the reserves. The Trustees will
endeavor lo build up Ihe unfeSt￿ted reserves. de$prte the eurrenl economic conditsons as a result of the
Covid-19 pandemic.

ESKDALE MILL AND HERITAGE TRUST
TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) {CONTINUED}
FOR THE YEAR ENDED 31 DECEMBER 2020
The trustees. report was approved by the Board ofTrustees.
MrRJo
Trustee
nson

ESKDALE MILL AND HERITAGE TRUST
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF ESKDALE MILL AND HERrrAGE TRUST
I report to the Trustees on my examination of the fi￿￿al $t*ements of Eskdale Mill and Heritsge Trust (the
TNst) for the year ended 31 December 2020.
Responsibiliti•s and ba$1$ of report
As Ibe Twstees ol Ihe Trust {and also its th're¢tors fry the puwes of company law) you are responsible for
the preparation of the financral StateTh￿ts n accordance vAth the requirements of the Companies Act 2006
(the 2Cth Act).
Having salisfied mysew that Ihe financial st*ements of the Trust are not reguwed to be audrttd under Part
16 of the 2006 Ad and are eligible for independent examination. l Teport in respect of my examination of the
TNst's financial statements camed out under section 145 of the Chariti'es Act 2011 {the 2011 Aetl. In
carying out my examination I have dl the app￿ICable Oireclions gNen by the Charity Commission
under section 1451Sllbl of the 2011 Act.
Independent examinerfs statement
I have ccfflpleted my examinats"on. I confirm that no matters have clxne to my attents'on in comection with
the examinatK)n gimng me cause to believe that in any material ￿ped.
accounting records %%tre not kept in respect of the Twsl as wuired by section 386 ofthe 2006 Act., or
the finanual statements do not accord wilh those re¢ords." or
the financial stalements do not comply the accounting requirement$ of section 396 of the 20C6 A
other than any requirement that the accounts give a true and fair view which is not a matter Cons￿ered
as part of an independent examination., or
the financial Statements have not been prepared in accordance the methods and ￿nCipleS of the
Statement of Recommended Practice for accounting and reporting by charibes applicable to charities
eparing their a¢¢ount5 in a¢¢ordan¢e with Ihe Finanua Reporting Stsndard ap￿Icab￿ in Ihe UK
Republic of Ireland {FRS 1021.
I have no concems and have come across no other matters in connection with the examination to which
attention Should be drawn in thi$ report in order to enable a proFer un¢lerstanding of the finanual stslemenls
lo be reached.
Tony Hindmoor BFP FCA
Gibbons Chartered Accountants
Carleton House
Gray Street
Workington
Cumbria
CA14 2LU
Dated".

ESKDALE MILL & HERITAGE TRUST
STATEMENT OF FINANCIAL AcnviTIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2020
Curr•nt financlal yfjar
Unrestricted Unr•strfcted Restricted
funds
fvnd8
fvnds
genernl d•signattd
2020
2020
Total
Totsl
2020
2020
2019
nd
DonalM)ns and legacies
Charitable activitiPS
Inveslments
Other inccme
24.007
4.328
52.329
76,336
4,328
447.911
13,161
5.051
5,051
1.371
Total income
33.388
52.329
85.717
462,444
Charitable activities
15.793
176
45.915
61.884
463,556
Net incomel{expenditur•l forthè yearl
N•t mo¥•ment In funds
17.595
(1761
6.414
23.833
{1,112)
Fund balances al 1 January 2020
9.172
108,680
2.976
120.828
121,940
Fund balan¢es at 31 DKember
2020
26,767
108.504
9,390
144,661
120.828
The statement of financial acliyities includes aW gains losses reeognised in the year.
All income and expenthture deri¥E frorn ￿l"nuIng acbvities.
The ststement of finarKial aclivilies also complies with the requwrents for an income and expenditure account
under the Cornpanies Act 2c￿￿.

ESKDALE MILL & HERITAGE TRUST
STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED)
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2020
Prfor fin•n¢i•l year
Unrestricted Unrestricted Restrlcted
funds
funds
funds
general designated
2019
2019
Total
2019
2019
com• and nd
Donations and legacies
Charitable activities
Investsnents
Other income
ts from:
4,503
13.161
443,408
447.911
13,161
1.371
1,371
Total in¢om•
19,036
443,408
462,444
Charitable aclivibes
11.895
176
451,485
463.556
Gross transfers befvleen funds
Net incomellexpenditure) for the yearl
Net movement in funds
17031
703
6,438
527
(8,0771
{1.112)
Fund balar￿e5 at 1 January 2019
2.734
108,153
11.053
121.940
Fund balancos at 31 De¢embor 2019
9,172
108.680
2,976
120.828
The statement of finanoal aclivTlies includes all gains and losses rwnised in the year.
All ￿COrne and expendituie derive from continuwy activi￿5.
The statement of financ￿1 actiwties also complies with the requirements for an income and expenditure account
under the Companies Act 2006.

ESKDALE MILLAND HERITAGE TRUST
BALANCE SHEET
AS AT 31 DECEMBER 2020
2020
2019
FIX￿ assets
T￿gIble assets
Heritage assets
10
11
351
108.153
527
108.153
108.504
108.680
Curront a$$•ts
Debtors
Cash at bank and in hand
12
12.123
74,754
2,146
54,840
86.877
56.986
Cr•dltors: am¢)unts ￿rIng
ono year
13
{50,720)
{44.838)
Nel current assets
36,157
12.148
Tot*1 assets less currnnt Il•bi*ties
144,661
120.828
Income fund$
Restricted hjnds
Unrestri¢ted funds
14
9.390
135,271
2,976
117,852
144.661
120,828
The company is entitled to the exemplion from the audit rewrerr*nt contained in sedion 477 of the Cownies
Acl 2006, for the year ended 31 December 2020.
The directors acknowledge their responsibilities for complying WTih the requIrerr￿lS of the Companks Act 20(
¥Mth respect lo accounts.rwj rewd$ and the prep￿￿ offinancial ststemenls.
The members have not required the Company to obtain an audit of ils fin￿ra1 ststements for the year in
question in accordance with se¢tK>n 476.
These financial stslements have been p￿pared in ac¢tydance vAth the Provi￿On$ appluble to ¢ompanies
subject to the smal companies regime.
The financial statements *re approved by the Twstees on ...........
MrRJo
Tn￿1•¥
nson
Company Registration No. 5743618

ESKDALE MILLAND HERITAGE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2020
Accounong polkl•s
Charlty Inforniatlon
E$kd￿e Mill and Heritage Trust is a private company limited by guarantee in¢orporated In England and
Wales. The registered office is Eskdale Mill. Boot. Holmrook. CumbrTra. CA19 1TG.
1.1 A¢¢ounting ¢onvenlion
The finan¢ial stslements have been PrePa￿d in accordance with the Trust's go¥emirvJ document, the
Companies Act 20C6 and "Accounts"ng and Reporting by Chanties." Statement of Recommended Practi¢e
applicable to chatities preparing th￿r accounts in a¢cordan¢e wth the Finantyal Reptyt"ng Stsndard
applicable in the UK ar￿ RepU￿"C of Ireland (FRS 102) {effective 1 January 2019}-. The Trust is a Public
Benefit Entity as defined by FRS 102.
The Trust has taken ad¥￿tage of the provishins in the SORP for charibes appI￿.ng FRS 102 Update
Bullein I not lo prepafe a Statement of Cash Flowt.
The financial statements are prepared in sterfing, vkni¢h is the fvnCti0n￿ ¢urrerw of the Tru$L m￿etrry
amounts in these financ￿1 stslements are rouThJed to the nearest £.
The finanaal statements have been prepared under historical ¢ost ¢onvenbon. mdified to include the
revaluation of freehold properb'es and to indude investrnent properb.es and certain financial instruments al
fair value. The prinapal ￿cOUnt￿j Foh"¢ies adopted are set out below.
12 Going ¢¢)n¢•m
At the time of appro￿ng the ffinancial slatements, the Twstee$ have a reasonable expe¢lalion that the
Trust has adequate resources to ￿rttinue in opefatsonal e￿stence for the foreseeable fijture. Thus the
Trustees continue to adopt the going concem basis of a¢¢ounting in P￿paNn9 Ihe financial $t*ements.
1J Chafltable funds
Unre$lri¢ted funds ¥e available for use at the discretion of the T￿￿teeS in furtherance of their charitable
objeth'ves.
Restricted funds are subject to specrfic condrtions by donors as to how they may be used. The pulposes
and uses of the restrthd fvnds are set oul in the note5 to the ffinan￿aI statements.
Endowment funds are subjed to specrfK condibons by d¢)nots that the ¢aprtal must be maintsmed by the
Trust.
1.4 In¢¢)me
Income 1$ re¢ognised the Trust is ￿PIlY entitled kn it after any performance COnd￿onS have been
met. the amounts can be Th*asured reliabty. and 1$ probable that in¢ome will be receNed.
Cash donations are feL¥wised on receipt Cther donalions are re¢ognised C￿ the Tru$l has been
nolrfied of the donation, unless perfoman¢e ¢onditions WUiTe deferral of the amount. Income tax
recoverable in relation to donations received under Gift or deeds of ¢ovenant is re¢ognised al the time
of the donation.
Legacies are recogrrised on rt¢eipl or other4Mse if the Tnjyl has bèen notff*d of an impendng diStributM￿,
the amount 15 known. and receipt is ewed. If the amount 1$ known. the lew is tre*ed as a
contingent assel.

ESKDALE MILL & HERITAGE TRUST
NOTES TO THE FINANCIAL STATEMENTS ICONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2020
Accountlng pollcles
IContiTruedl
1.5 Tangible fixed •$8•ts
Tangible fixed assets are initialty measured at cost and $l￿uentty measured at cost or valuation, nel of
depreciation and any impaim*nt losses.
Depreciat￿ is reco>Jnised so as to write off the cost or valuat*)n of assets less their residual values over
their useful lives on the followng bases..
Computers
25% strawJht line baw's
The gain or loss arising on the disposal of an asset is determined as the dffteren￿ betr￿n the sale
proceeds and Ihe carrying value of the assrf and is recognised n net incomellexFenditurel lor the year.
1.6 lfflpalrm•nt of fix￿ a88èts
Al each reporting end date, the Tnjst reviews the carrying amounts of its tsngible assets lo determine
vthelher there is any indication that those assets have suffered an impaimient loss. If any such indulion
exists. the recoverable amount of the asset ts estimated in order to determine the extent of the Im￿lMIent
loss (if any).
1.7 Cash and cash equivalents
Cash and cash equivalenls include cash in hand. dewsils hekl * call wfth banks, olher short-temi liquid
investments with original maturities of three M￿th$ or less, and bank overdrafts. Bank overdrafts are
shown within borrowings in current liabilrties.
1.8 Flnanclal instruments
The Trust has elected to apply the provisions of Section 11 'Bast Financial Instruments, and Secthon 12
'Other Financial Instrument5 Issues. of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the Trusys bala￿e sheet when ts Twsl b￿OrneS party to the
contractual provisK)ns of the instrument.
Financial assets and liabilit*s are offseL with thé net amounts Fxesented in the financial stalanents. when
there is a legally enforceab￿ right lo set off Ihe iecognised arnounts and there is an intention to sellle on a
nel basis or to realise the asset and settle the liability simullaneousty.
8asic financial assets
Basic financial a$sels, which include debtors and cash and bank balan￿. are inrtially meaSU￿d at
transaction Price including transaction costs and are subsequenlly carried al amorts'sed cost us¢ng the
effective Interest melhtrj unths the arrangement eonslitutes a financing transacb"on. Whe￿ the transaction
is measured at the present value of the fvture receipts discounted al a markel rate of interest. Financial
assets classrfied as receivable within ¢￿e year are nol amorti$8d.
10-

ESKDALE MILL & HERITAGE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2020
Accounting policies
IC¢)ntinyfjd>
Basic fin•n¢lal Ilabilities
Basic financial liabililies, including credilors and bank loans are initially recognised at transaction price
unless the arrangement ¢onslitutes a financing transaction, where the debt instrument iq measured al the
present value of the future payments dtsenunled at a market rate of interest. Financd liabilib.es daSSrf￿d
as payable within one year a￿ not amorttsed.
Debt instruments are subsequenty carriwj al ar[th￿ed cosL using the effective interest rate ff￿th0d.
Trade credilois are Obligat￿n$ to pay for goods or services that have ￿en acquired in the ordinary course
of operations from Suppl￿fS. Amounts payable are classified as ojrrenl liabilities if payment is due within
one year or less. If not, they a￿ p￿sefited as non4JJrrenl liabilrties. Trade creditors are reeojnised initially
at transaction pr￿e and SUbseffj￿nty ff*asured * amorknsed cost u%ng Ihe effective interest method.
D•rncognilion of financial liabiliti•s
Finanaal IK9bilitses are derecognised Tlknen Ihe Tntst's c¥Jntractual obl￿allOnS expire or are di8tharged or
cancelled.
1.9 Employeo benefits
The cost of any unused holiday entitlement is recowised in the peri¢)d in which the employee's seN1￿$
Termination benefits are recognised immedrately a5 an exFense when the Trust is demonstrably committed
to terminate the wnploymenl of an eM￿9Yee or lo prov¥Je termination benefits.
1.10 Retlremene benerts
Payments to defined contllbution retire￿ent benefft Schern￿ are charged as an expense as th8y fall due.
1.11 Leases
Rentals payable under cperaling leases. induding any lease ￿centiveS received. are Charged as an
expense on a $lraighl line basis over the te￿ of the relevanl lease_
CTltkal a¢¢ountlng e8tlmatss and Judgements
In the application of the Trust's accounb.ng policies. the Trustees are required lo make judgements.
estimates and assumpb'on5 about the carrying amount of assets and liabilit￿5 that are not readity apparent
from other sources. The eskn"mates and ass(oated assumptions are based on hislortcal experience and
other fact(Ks that are considered to be relevant. Aciual resulis may dfftr from these estimates.
The estimates and undedying asSuMpt￿n$ are rev*wed on an ongoing basis. Revisions to &counting
ests"males are recognised in the Fer￿ in which the esb"rnate is revised where the revision affects only that
period, or in the period of the revision and fvture per￿S where the revision affects bolh current and future
periods.
11

ESKDALE MILL & HERITAGE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2020
Donatlons and logacles
Unrestrlcted Restrktod
funds
fund$
general
2020
Total unrestr￿ted Re$lricted
funds
funds
9eneral
2019
Total
2020
X120
2019
2019
Donations and grfts
Grants receivable
23,524
483
23.524
52.812
4.503
4.503
443,408
52,329
443,408
24.007
52.329
76.336
4.503
443,408
447,911
Charltable acUvhl68
Unrnstrlctedunrestrlcted
funds
fvnds
g•neral
general
2020
2019
Admissions
4.328
13,161
Investments
Unrestrieted Unrestricted
funds
funds
general
general
2020
2019
Interest receivable
Other income
Unre8trlct•d Unrestricted
funds
funds
general
gèrteral
2020
2019
Hydro-eleclruty inccm
5,051
1.371
12-

ESKDALE MILL & HERITAGE TRUST
NOTES TO THE FINANCIAL STATEMENTS ICI)14nNUED}
FOR THE YEAR ENDED 31 DECEAIBER 2020
Yotsl
19
2020
2019
2019
2019
Staff costs
Depre¢￿￿0￿ ￿ iffwrntnt
eat&Lv
Rate5
12.878
12.878
176
123T
8m3
8103
176
176
176
1.Z37
452
420
3.024
899
1.981
1.106
4.Z37
3.62B
3.024
246
Geneid expthises
Prinling. PLBtage & Statso
Adyertwg
Rwirs & maint0rk￿
Watsryvheel ￿￿tE
Legal leeB
Bank charye5
Telep￿￿
suNants
1.951
1.071
4.037
1.679
5.391
1.679
5.391
5.182
370
Z57
132.816
51.e65
$70
132.816
51.665
S70
ill
15.793
4S.915
176
61.684
11095
X6.045
178
218.118
SupportC(éts
245.440
245.440
15.793
45.915
176
61.884
11,895
451.485
178
463.5
AnJlys1¥ bythJnd
15.793
15.7WJ
11.895

ESKDALE MILL & HERITAGE TRUST
NOTES TO THE FINANCIAL STATEMENTS ICOIfflNUEDI
FOR THE YEAR ENDED 31 DECEMBER 2Q20
l¢ontlnuDd)
176
176
176
451.485
45.915
45.915
451,485
15.793
45.915
176
61.684
11,895
451.485
176
483.S56
14-

ESKDALE MILL & HERITAGE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2020
Support costs
2020 Unrestrid•d Restrfcted
2019
Subscriptions arKI
memberships
Volunteer expenses
8LFilding fees
408
3,194
241.838
408
3.194
241,838
245.440
245.440
Analysed betsveen
Charitable activities
245.440
245.440
Employè88
The average monthly numter of employees during the yearwas".
2020
Number
2019
Number
Employment Costs
2020
2019
Wages and salaries
Other pension costs
12.878
137
12,878
8,803
The Trust operates a defined rAntr*ulion pernion scheme.
No employee eamed £60,000 per annum or ffwe12019 - employees falling in Ihe band £60.000 10
£70.0001.
The averag8 number of full tsme equwlent empbyees was 1 (2019- 11.
Trustees reeENed no expenses ￿riThj the year. other than the reimbursement of items tK)ughl on behair
of the Trust.
No Trustee director r￿eNed any remuneration in respect of their se￿￿e$ as a Trustee of the charity.
The charity is extremely grateful to the 16 volunteers who assisted throughout the year wrth practical
tasks in the buildws arKI grounds. welc4yniThJ visrtors and explaining the worknng of the mill.
15-

ESKDALE MILL & HERITAGE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2020
10 Tanglble fixed assets
Compul•
Cost
At 1 January 2020
703
At 31 Deeemter 2020
703
Dopreciation and impalrni•nt
At 1 January 2020
Depreciation charged in the year
176
176
At 31 December 2020
352
Carrying amount
At 31 Decemter 2020
351
At 310ecember 2019
527
11 H•rltage assets
At 1 January 2020 and al 31 D•comber 2020
108,153
12 D•btor¥
2020
2019
Amounts falling due within one year.
Other debtors
Prepayments and acuued income
11,793
330
1.832
314
12,123
2.146
16-

ESKDALE MILL & HERITAGE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2020
13 Cr•dltors: amounts falllng due wlthln ono yoar
2020
2019
Other loans
Other taxation and social secunty
Other creditors
Accruals and deferred income
32.583
129
12.330
5.678
30,965
476
12,437
960
50.720
44,838
14 Reslrlctod funds
The income funds of the chwity indude restricted funds cornwising the fomowng unexFended balances of
donations and ￿ants held on trust for Sp￿th¢ purposes:
ov•m•nl In funds
Movement In funds
Incomlnq Resou￿85 Balar￿• at
Incomlng Resources
8alance ai
nsource5 •xpend8dl January 2020 res<>urces eypended 31 December
Balance at
1 January 2019
2020
Nat￿nal
Lottery
Heritsge
Fund
11.053
443.408
(451,485)
2.976
52,329
(45,915)
9,390
The Nalional Lottery Heritage Fund project is for the Trust to prowde conservalw and improved
PreSenta￿.0n of the mill buildings and machinery, and estsblishment of the mill's day lo day manageffent, in
order to attract mcKe wsitors and ensu￿ its long4emi Sustslna￿.1ty.
15 Unrestricted fund* - designat•d
These are unrestricted funds whth are material to th8 Trusfs activities made up as folk)ws'.
B•l•no
1 January 2019
Trnnsf•rs B•l¥nc• 4¢ Resourcgs Balance ai
1 January 2020
•xpend•d 31 O¢¢ember
2020
Heritage tsu￿￿1ng ￿Serve
Fixed asset reserve
108,153
108,153
527
108,153
351
(176)
703
1176)
108.153
(1761
703
108,680
1176)
108.504
17-

ESKDALE MILL & HERITAGE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2020
16 DKignat•d lund$
The income bjnds of the chanty indude the folbwing deS￿￿nated fun(Ss whith have been set a5Kle out of
unrestricted funds by the trustees for specthc purposes..
The Designated FuThJ represents the HenlageAsset al its historical cost price.
The Fixed Asset FuThJ represents the nel book value of assets on hand at the year end, 31 December
2020.
18-

ESKDALE MILL & HERITAGE TRUST
NOTES TO THE FINANCIAL STATEME14TS {copillNUEDI
FOR THE YEAR ENDED 31 DECEII8ER 2020
17 Ar¥ty¥i¥ of Th•t
ftsr
futhts
2019
2Q2D
2D19
2019
2019
Fund balances at 31 Decornber 2020are
pmsentsd ty.
8SS
Hefitage assets
cLYrentassth￿o￿￿ts&I
351
351
108.153
36.151
527
108.153
108.153
26.767
9.172
2.976
2&767 lo8￿￿
144.661
9.1n
108.680
2.976
120.628
19-

ESKDALE MILL & HERITAGE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2020
18 Relaled party Iran$a¢tions
There were no disclos*)le related paty transxtK)ns during Ihe year (2019 - none).