2022-12-31-accounts

COMPANY REGISTRATION NUMBER: 06299935 CHARITY REGISTRATION NUMBER: 1120875 The Dronfield Heritage Trust Company Limited by Guarantee Unaudited Financial Statements 31 July 2021

The Dronfield Heritage Trust Company Limited by Guarantee Flnancial Stalements Year ended 31 July 2021 Page Trustees. annual report {incorporating the directorfs report) Independent examiner's report to the trustees Statement of financial activities (including income and expenditure account) Statement of financial position Notes to Ihe financial statements

The Dronfield Heritage Trust Company Limited by Guarantee Trustees. Annual Report (Incorporating the Di￿¢t0￿$ Report) Year ended 31 July 2021 The trustees, who are also the directors for Ihe purFM)ses of company law, present their report and the Jnaudiled financial slalements of the charty for the year ended 31 July 2021 Rèference and adminlstratlve details Registered charity name Charity registration number Company registration number Prlncipal offico and registered Unil 8. Acom Business Park office Woodseats Close The DrOnf￿ld Heritage Trust 112087S 06299935 Sheffield S8 OTB The truslees Mr. A. A. Powell {Chair) Mrs. A.. Brown Mrs. J. E. Emens Mrs. D. Smillie Mr. B. G. Simpson Mrs. A. Carannante (Appointed 15 March 2021} (Appoint￿ 29 Oclober 20201 (Ap￿Inted 21 May 20211 Henry Bramall & Co Limited Chartered Certified Accountant Unil 8 Acom Bu%ness Park Mr. W. Campbell Mr. R. Holmes Independent examiner Woodseats Close Sheffield S8 OTB

Structure. govemance and manag9ment The Charity is controlled by its governing dccument. a deed of trust. an constibjtes a limiteLI company, limited by guarantee, as defined by the Companies Act 2006. It is registered as a charity with the Charities CoMMr￿l0n. Membership of the ￿H￿panY must be approved by the Board of Trustees. Each person who wishes to become a membership deliver to the company an application for membership in such as the board require executed by them. Recruitment and appointment of new trnstees The Charity musl have a minimum of 4 truotees to be quorate. The pemiitted maximum number of trustees is currently 9. 2 truslees must offer Ihemselves fix re-election at the AGM each year. Organlsatlonal structure The Board of Tnjstees administers The Charity. The Board rr￿ets at least quarterty. The infomiation is provided to the Trustees by the Charity administrator. Induction and training of new trustees New Trustees are briefed on their legal obligations under charity and company law, the content of the Memorandum and Articles of Association, the committee and decison maknng pro￿$5, the business plan and re(*nt financial performance of the company. Risk based approach The Board of Trustees commit to plan against risk in respect of the wh(Ae Ch&rty. This includes idenltfying all risks involved wilh generaliw income and the impact of any loss in SoUr￿S of income. Viable allemalives would then be sought. The whole of the Trustees are made aware of the Risks relath've to the Charity and their legal responsibilities. The Board of Trustees are fully av¥are of their obligations under GDPR to prnsure all personal infomiation is securely held. Wlder network The budge1 is submitted lo the trustees quarterly for approval at trustees meetings. Any material changes lo Ihe budget are submitted to a specially o)nvened meeting of the trustees. Day to day managwnent of thg project is overseen by a project managemenl committee comprising of al least two trustee5. one of whorn is the chairman. Relaled parties The Charity ha5 a close relationship with the ttU5tees of The Peel Centre. an organisation which run5 a building situated close to the propety and grounds of The DrCI￿e1d Herttage Trust . O¥ectlves and actlvlties The main purpose of the Charity is the maintenance and upkeep of the Heritage Asset known as The Dronfield Hall Barn. Originally this was a derelitt building wherè the h@ritage asset was al risk and has now been sympathetitxlly restored to retain these features. This is achieved through donations, grants, exhibitions and rental of the Barn and by running an events programme. The Chartty also has access to a large group of unpaid volunteers who's help and dedicalion is ￿raMoUnt to the Charity's success. A¢hievements and perfomi8n¢e The Charity has come out of the Covid pandemic with positive funds. The restoration of the building has been maintained throughout the period and it relains its cenlrepoint for the community of Dronfield for volunteering, holdirbg event5 and exhibitions.

Financial revigw As at the accounling year ending July 2021. Dronfield Hall Bam had only just had the covid restrictions lifted on ils activities earlier the same month and was otill operaling in an uncertain trading environment in regards lo Ihe restrictions. This lead lo an espe￿allY prudent approach to spending during Ihis period. Which, together With the help of lottery provided support grants. has helped the Charity to maintan a strong financial position. This preserved funds in the event of further restrictions and a lack of visitor confidence. The Charity is now in a financially sound Fxisition to enable the planning of fulure projects conmnenang in late 2022 or 2023. Flnanclal statements The Trustees acknowledge the delay in compleling the accounls on time, this will be addressed for the year to 31st July 2022 with signed accounts being made available within 90 days thereon. Small ¢ornpany provisions This report has been prepared in acCorda[￿e with the provisions applicable to companies entitled lo the small companies exemption. The trustees, annud report was approved on 15 July 2022 and signed on behaf of the board of trustees by: Mr. A. A. Powell {Chairl Trustee

The Dronfield Heritage Trust Company Limited by Guarantee Independent Examinerfs Report to the Trustees of The Dronfield Heritage Trust Year ended 31 July 2021 I report to the truslees on my examination of the fina1cial ststemenls of The Dronfield Heritage Trust I'lhe charity'l for the year ended 31 Juty 2021 Responslbilitiès and basis of report As the trustees of the company land also ils direclors for the purposes of company lawl you are responsible for the preparation of the financial statements In accordance with the requirements of the Companies Act 20061'the 2006 Acl'l. Having satisfied myself that Ihe accounts of the company 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 the charity's accounts as carried out under section 145 of the Charit*s Act 2011 1.the 2011 Act,). In carrying out my examination I have followed the Directions given by Ihe Charity Commission under section 145(5Hb) of the 2011 Act. I￿lePendent examIne￿S statemènt I have completed my examination. I confirni that no matters have come to my attention in connection with the examination giving me cause to beI￿ve.. 1. accounting records were not kept In respect of the chartty as required by section 386 of the 2006 Act: or 2_ the financial statements do not accord with those records. or 3. the fillancial slalements do not comply wth the ￿countI[￿j requirement5 of section 396 of the 20￿ Act other than any requirement that the accounts give a 'true and fai¢ view which is not a matter consKlered as pari of an independent examination., or 4. the financial statements have not been prepared in accordan￿ wilh the me1hod5 and principle5 Of the Statement of Recommended Practice for accounting and reportiig by charities applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicab￿ in Ihe UK and Republic of Ireland IFRS 102}. I have no concerns and have corne across ro other matters in connection wilh the examinatic￿ to which attention should be drawn in this report in order to enable a proper understanding of the accounls to be reached. Henry Brarnall & Co Lifflited Chartered certi￿ Accountant Independent Examiner Unit 8 Acorn Business Park Woodseals Close Sheffield S8 OTB 15 July 2022

The Dronfield Heritage Trust Company Limited by Guarantee Statement of Financial Activities (Including Income and expenditure account) Year ended 31 July 2021 2021 2020 Unreslricted funds Total funds Total funds Income and endovrnents Donations and legacies Charitable activities 150.560 4.611 150.560 4.611 73, 500 6,457 17 Investment income Other income 82,249 82,249 102,544 Total Income 237,427 237.427 182,518 Expendlture Expenditure on raising ftJnds= Costs of other trading aclivitses Expenditure on charitable aclivilies 6.392 147.208 6.392 147.208 13,370 743, 751 10.11 Total expèndlture 153.600 153.61)0 157, 121 Net income and net movement in funds 83.827 83.827 25.397 Reconeiliation of funds Total funds brought foN4ard 378.763 378.763 353,366 Total funds cathed forward 462.590 462.YJO 378. 763 The statement of financial activilies includes all gains and losses recognised in the year. All in¢ome and expendibJre derive from continuing activtties.

The Dronfield Heritage Trust Company Limited by Guarantee Statement of Financial Position 31 July 2021 2021 2020 Nole Flxed assets Tangible fixed assets Heritage assets 17 25.801 338.440 23,335 334, 184 18 364.241 357,519 Current assets Debtors 19 3.362 109,250 2,183 48, 720 Cash at bank and in h2nd 112.612 14.263 50,903 Creditors: amounts falling due wilhin one year 20 29.659 Net current assets 98,349 21,244 Total assèts lèss current liabllitiés 462,590 378, 763 Net assets 462.590 378, 763 Funds ofihe charity Unresliicted funds 462.590 378, 763 Total charity funds 22 462,590 378, 763 For the year ending 31 July 2021 the chartty was entitled to exemption from audit under section 477 of the Companies Act 2006 relaling to small companies. Diredors, responsitxlities.. - The members have not required the CoMp￿Y lo obtain an audtt of its financial statements for the year in question in accordance with section 476 The dire(knrs acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparat￿￿ of firnancial ststements . These financial slalemenls have been prepared in accordance with the provis*)ns applicable to companies subject to the small companies, regime. These financial statements were approved by the board of trustees and authorised for issue on 15 July 2022 and are signed on behalf of the board by.. Mr. A. A. Powell {Chairl Trustee

The Dronfield Heritage Trust Company Limited by Guarantee Notes to the Financial Statements Year ended 31 July 2021 1. General infomiation The charity is a public benefit enb'ty and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The ￿dresS of the registered office is Unit 8, Acorn Business Park, Woodseals Close, Sheffield, S8 OTB_ 2. Statement of compliance These financial stslements have been prepared in compliance with FRS 102. 'The Financial Reporting Standard applicable in the UK and the Republic of IrekrKI'. the Statemenl of Recommended Practice applicable to charities preparing their accounts in accordance with Ihe Financial Reporting Standard applicaL4e in the UK and Republic of Irgland IFRS 1021 (Charities SORP {FRS 102)) and the Companies Act 2￿6. 3. Accounting policies Basis of preparation The financial slal8ments hav8 b@en prepared on th8 historirAI cost basis, as modiffed by the revaluation of cerlain financial assets and liabilities and inveslmenl properb.es measured at fair value through Income or expenditure. The financial statements are prepared in sterting, whid) Is the functional CUrre￿Y of the entity. Going concern There are no material uncertainties about the chanvs abilty tr) continue. Disclosure exemptions Disclosures in respect of financial instruments have not been presented. Judgements and key sources of esllmatlon uncertalnty Key sources of estimation uncertainty Accounling eslim8tes &)d assumptions are made concerning the fulure and. by their nature, will rarely equal the ￿lated aclual outcome. The key assumptKpns and other sources of eslimalion uncertainty that have a signiFicant risk of causing a material adjustrnent to the carrying amounts of assets and liabilities within the next financial Ye￿ are as follows.. Fund a¢¢ounting Unrestricted funds are available for use at Ihe discretion of the Injstees to further any of the charity's purposes. Designated funds are unreslricted fvjnds earmarked by the trustees for particular future project or commitment. Restricted funds are subjected to restrictions on their expenditure dedared by the donor or through the terms of an appeal. arKI fall inio one of two sub-dasses.. restriaed income lunds or endowment lunds.

Incoming resources All incoming resources are included in the statemeit of financial activities when entitlement has passed lo the charity- il is probable that the economic benefits associated with the transaction will flow to the charity and the amunl can be reliably measured. The followng specific poI￿leS are applied to particular categories of income.. income from donations or grants is recognised when there is evidence of entrtlement to the gifL receipt is probable and ils amount can be measured reliably. - legacy income is recognised when receipt is probable and entitlement is estsblished. income from donated good5 15 wneasu-ed at the fair value of the good5 unless Ihis is impractlGal to measure reliably, in which case the value is derived from Ihe cost lo Ihe donor or the estimated resale value. Donated facilities and servi￿$ a￿ recogr)ised in the accounts when received il the value can be reliably measured. No amounts are included for the contribution of general vclunleers. income from contracts for the supply of seNices is recognised with the delivery of the contracted service. This is classified as unreslricled funds unless thwe is a Contractual requiremeni for it to be spent on a parbcular purpose and returned if un$￿nI, in which case il may be regarded as restricted. Resources èxpended ExpenditLJre is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered. and is dassified under headings of the slatemenl of financkgl aclivilies lo which it relates.. expenditure on raising funds indudes the costs of all fundraising activities, events, non-chari18ble trading activities, and the sale of donated goods. expenditure on tharilaNe activities includes all costs incurred by a charity in undertaking activities that further Its charitable aims for the benefit of lis beneficiaries. including those support costs and costs relating to the governance of the charity apportioned to charitable activities. other expenditure includes all expenditure Ihat is nerther related to raising funds fi)r the chanty nor part of its expenditure on charitable activities. All costs are allocated to expendllure categories reflecting the use of Ihe resource. Dlrect costs attdbLrtable to single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute lo on a reasonable. justifiable and consistent basis_ Tangible assets Tangible a55ets are illitially recorded at cosl. and subsequently 5tat&J at C051 less any accumulated depreciation and impaimienl losses. Any tangible assets carried at revalued amounts are recorded at the fair value al the date of revaluatitsn less any subsequent accumulated depreciation ar)d subsequent accumulated impairment losses. An increase in the carying amount of an asset as a ￿SuIt of a revaluation. is recognised in other recognised gains and losses, unless it reverses a charge for impaimient that has previously been recognised as expenditure within Ihe statement Df financial acliwties. A decrease in the carrying amount of an asset as a result of revaluation, is recA)gnised in olher recognised gains and losses, ex￿p1 lo ￿}ch it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on Ihe statement of financial activitie5.

Depreciation DepreG13t1￿ is calculated so as to write off the or valuation of an asset. less its residual value, over the useful economic life of that asset as follows= Plant and machinery Fixtures and ffltings Equipment Heritage assets Heritage assets measured under the cost model are recognised initially recorded al acquisition cost, and subsequently staled at cost less any accumulated depreciation and impaim)ent losses. Heritage assets measured under the revaluation model are recorde(l at fair value less any accumulated impairment losses. Where information on th8 cost or value of an asset is not availabl8 and ?nnol obtained at a cost which is commensurate with the benefits to users of the fin3tKial statements, the asset shall not be recognised in the ststement of financial position. Impairnient of fixed assets A review for indicators of impaim)ent is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where Ihe carying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impaimients are also reviewed for possible reversal al each rewrting date. For the purposes of impairment lesling, when it is not possible to esbmate the recoverable amoLJnt of an individual asset, an estimate is made of the recoverable amount of Ihe cash-generating unit to which the asset belongs. The Cash-generalirbg unil is the smallest identifiable group of assets thal irdudes the assel and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is. from the acquisition date. allo(21ed to each of the c2sh-generating units that are expected to benefit fram the synergies of the combination. i￿eSpeCtive of whether other assets or liabilities of the charity are assigned to those units. 20% reducing balan¢ 20% reducing balance 330A reducing balance

Defined contribution plans Contributions to defined contribution plans are recognised as an expense in the pericmfj in which Ihe related service is provided. Prepaid contributions are recognised as an assel lo the extent that the prepaymenl wll lead lo a reduction in future payments or a cash refuThl. When contributions are not expected to be settled wholly within 12 m¢￿thS of the end of the reporting dale in which the employees rendw the related service. the liability is measured on a discounted present value basis. The unwinding of the discount E recognised as an expense in the period in which it arises. 4. Llmlted by guarantee The charity is controlled by ils goveming document, a dee(l of trust, and constitutes a limited company, limite(I by guarantee, as defined by the Companies Act 2006. 5. Donations and legacies Un￿Stricted Total Funds Funds 2021 Unreslricled Funds Total Funds 2020 Donations Donations re￿iVed - Bam and walks 5.970 5.970 8.492 8,492 Grants Grants receivable 139.380 139.380 60,059 60,059 Subscrfptlons Subscriptions Friends rnembership 5.210 5210 4,949 4,949 150.560 150.560 73,500 73,5(X) 6. Charitable activiti8s un￿Stricted Total Funds Funds 2021 Unreslricled Funds Tol81 Funds 2020 Other income 2,741 1,870 2.741 1.870 2.996 3,461 2.996 3,461 Publications 4,611 4611 6.457 6,457 7. Investmgnl Income Unreslricted Total Funds Funds 2021 Unreslricled Funds Total Funds 2020 Bank interest receivable 17 17 8. Other Income Unrestricted Funds Total Funds Unrestricted Funds Total Funds 2020 2021 Catering rental income Evenls Plant and garden takings ProdU￿r smarkels 10,045 4,821 406 10,IM5 4,821 406 217 16.639 5.995 891 16.639 5,995 891 217 884 Vveddings 66.760 66.760 78.135 78.135 82,249 82.249 102.544 102,544

Weddings are recorded when deposits and final ba1￿CeS are paid. As al the end of 31st July 2021 there were 13 weddings still lo be completed. 9. Costs of other trading activities Unrestricted Total Funds Funds 2021 Unreslricted Funds Total Funds 2020 Costs of other trading aGtivitie5- Staging events Costs of other trading activities- Operating trading comparby Gardening purchases 2.988 2,988 10.411 70,411 552 552 2,852 2.852 2,959 2,959 6.392 6,392 13.370 13.370 10. Expendlture on charltable actlvllles by ￿nd type Unreslricted Total Funds Funds 2021 Unrestricted Funds Total Funds 2020 Support costs 147,208 147.208 143,751 143, 751 11. Expenditure on charbtable activities by activity type Total funds Total fund 2020 Suppryl costs 2021 Maintenance of Heritage Building Governance costs 145.182 2.026 145.182 2,026 147,222 2,529 147.208 147.208 143, 751 12. Analysis of support costs Analysis of supwrt costs activity 1 Total 2021 Total 2020 Staff costs 51.906 42.841 5.028 9.772 51.906 42.841 5.028 9.772 2.678 52,9Qg 54.944 3,342 3,903 552 Premises Communications and IT General office Human resources 2.678 Finance costs 200 Marketing Consultancy Othèr Costs - including depreaalion 7.138 18.479 9.367 7.138 18.479 9.367 8,090 11,314 7.497 147.209 147,209 142, [51 13. Net income Nel income is staled after chargingl{creditingi-. 2021 2020 Depreciation of tangible fixed assels 6.854 6,077

1. Independent examination fees 2021 2020 Fees payable to the independent examiner for.. Independent examination of the financial statements 1.975 1,975 1 S. Staff costs The total staff costs and employee benefits for the repo￿ng period are analysed as follows.. 2021 2020 Wages and salaries Social seeurity Costs Employer ￿￿tributiOnS to pensK)n plans 46.330 470 47,081 i.oio 4,818 5,106 S1,906 52.& The averap head count of employees during the Ye￿ was 212020-. 21. The average rNJmber of full-time equivalent err¥)loyees during the year is analysed as fOlk￿s= 2021 2020 No. No. Number of staff - Support No employee received employee beneffts of more than £60.000 during the year (2020.. Nill.
2. Trustee remuneration and expenses No remuneration or other benefits from employment with the chartty or a related enlty We￿ received by the ttustees. The only monies received by Trustees is the reimbursement ol expenses incurred.
3. Tangible fixed assets Planl and machinery Fixtures and fittings Equipment Total Cost At 1 ALJgusl 2020 Additions 31,773 30.208 7,832 6.119 1.488 68.100 9,320 At 31 July 2021 31.773 38,040 7.607 77,420 Depreclatlon At 1 August 2020 Charge for the year 21.052 2.144 18,569 3,894 5.144 816 44.765 6.854 At 31 July 2021 23.196 22,463 5.960 51.619 Carrying amount At 31 July 2021 8.577 15,577 1.647 25.801 At 31 July 2020 10.721 11.639 975 23,335
4. Heritage assets The Charwty's Heritage Asset consist of the building known as The Dronfield Bam, Acquisitions to the asset are only recorded if they increase the value of the assel. Maintenance is coaled through the Sialement of Financial Activities.

Heritage asset 1 Cost or valuation At 1 August 2020 Additions 334.184 4,256 At 31 July 2021 338.440 Accumulaled depreciation At 1 August 2020 and 31 July 2021 Carrying amount At 31 July 2021 338,440 At 31 July 2020 334. 184 The Heritage asset Is recorded 8t cost but ha8 an insurance value of £1.797,865. Herlta9e assets recognised at valuation In respect of heritage assets recognised at valualion, the aggregate cost, depreciation and comparable carrying ar￿Unt that would have been recognised if the assets had been carried under the historical cost model are as follows.. Heritage asset 1 At 31 July 2021 Aggregate cost Aggregate depreciation 338.440 Carrylng valuè 338,440 At 31 July 2020 Aggregate cost Aggregate depreeiat'on 334, 184 Carrying value 334, 184 Summary of transactlons 2021 2020 2019 2018 2017 Included in the statement of finan¢ial posltlon Purchases 4.256 Total additions 4.256 19. Debtors 2021 2020 Prepayments and accrued income Other debtors 3.362 1,350 833 3.362 2. 183

1. Creditors: amounts falling due within one year 2021 2020 Trade credf(ors 2.124 4.960 1.825 5,354 11,713 6.585 822 AGGruals and deferred income Social security and Dlher taxes Other Creditors 11,139 14.263 29,659
2. Pènsions and other post retirement beneffts Defined contribution plans The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £ 5,10612020.. £ 4,8181.
3. Analysis of charitsble funds Unrestrlcted funds At 1 August 2020 At31 July 2021 Income Expenditure General funds 378.763 237.427 1153,600) 462.590 At 1 Augjst 2019 At 31 July 2020 Income Expendilure General funds 353.366 182,518 (157.1211 318, 763
4. Analysls of net assets between funds Unrestricted Total Funds Funds 2021 Tangible fixed assets Heritage assets Current assets 25,801 338,440 112,612 {14.2631 25,801 338,440 112,612 (14,2631 Creditors less than 1 year Not assots 462,590 462,590 Unrestricted Funds Total Funds 2020 Tangible fixed assets Heritage assets Curr@nt assets Creditors less than 1 year 23.334 334.184 50,903 129.6581 23.334 334, 184 50,903 (29,658) Net assets 378,763
5. 763

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