Heron Corn Mill (Beetham) Limited
CHARITY NO.. 1131677
COMPANY NO: 06784856
HERON CORN MILL (BEETHAM) LIMITED
A COMPANY LIMITED BY GUARANTEE
DIRECTORS, REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
Page 1

Heron Corn Mill (Beetham) Limited
Contents
Page No.
Trustees Report
3-10
Independent Examiner's Report
Statement of Financial A¢livilies
12
Balance Sheet
13
Cash Flow
14
Accounting Policies and Notes
15-25
Page 2

Heron Corn Mill (Beetham) Limited
ort of thè Trustees for the
ear ènded 31 De¢amber 2021
The TTUStees present their report of the charity for the year endod 31 DeceTnber 2021 which is also
prepared lo meet the requirements for a directors, report and accounts for Companies Act purposes.
The trustees have adopted the provisions of the Ststement of Recommended Practice ISORPI
"Accounting and Reporting by Charitles. IFRS 1021 in preparing the annual report and financlal
statements of the charity.
The financial statements have been prepared in accordance with the accounting policies set out in
notes lo the accounts and corllply wlth the charills goveming docurnenl, thè Charities Act 2011 and
Accounting and Reporting by Charities.. Statement of Recomrnended Practice applicable lo charities
preparing their accounts in accord8nce with tha Financial Reporting Standard applicable in the UK
and Republic of Ireland published in October 2019.
Chalr's Report
As Chair ofthe Heron Com Mill (Beetham) Ltd l am able lo report an unusually outstanding year in
what has been extremely difficult with the continued effects of the COVID-19 pandemlc. We were
however able to offer a restricted in-house programme of events and activities with the majority of the
community groups meeting fa¢6 to face in the barn Ireslriclad in number). A big succe8s of the year
was Ihal we were able to hold our celebratory event BIEDUN, which should have been our 800 year
anniversary of milling on site. This finally took pl8¢e in Seplembar 2021, and was a big hil with the
local communrty who attended. Our Patron, BBC 2's Ruth Goodman was also in attendanc8 and gave
a talk on medieval food and milling.
11 was decKJed that after such an eventful 2 years with adapting programmes of work, that we should
concentrate on rebuilding our community interface, and so the programmlng for future years would
have 8 very particular focus on social integration, and community bonding.
The Creative Projects Manager was able lo secure funding from The Expat Foundation in the form of
a 3 year legacy, which would enable all the different projects under the umbrella of elderly activity to
continue on a monthly basis. This has been wonderful and very welcorlle lo have confirmed. The
actual legacy would not come until 2022, as the particulars aro ¢urrently with HMRC. We finished the
year in a good position, with all our community groups well served and looking forward to getting back
lo normal in 2022.
In closing. I would like lo thank the staff and volunteers, trusts and foundations and a faw stalwart
volunteers, without whom we would not be able to offer our facilities and resources to the wider
mmunity.
Roger Bingham
Chair
Page 3

Heron Corn Mill (Beetham) Limited
ort of the Trustees for the
ear ènded 31 Dècémber 2021
ontinued
Our Purpose and Activities
The purposes of the Charity are..
81 To restow, preseNe, and upkeep the Heron Corn Mill to its origin81 form as a fully working water
powered corn mill on a sile first used for a mill in the 13th century- as a working museum open to
the public and for the general benefit of the cornmunity, and for the educational benefit of students,
researchers and others, and any other charitable purpos&s lending lo encourage interest in the
history and industry of the a￿a.
b} To advance the education of the public in the conseNation, protection, improvement, and mutual
¢o-dopendency of the physical and natural envlronment by demonstrating and promoting the use of
renewable energy technology p8rticularfy, bul not exclusively, using hydropower.
cl In furtherance of the above objeots. bul not otherwise, the power to arrange lectures, exhibitions,
shows, prolecls and events for the benefit of the public, 2nd lo print, publish, and make available to
the public by sale or ()therwise of literature, reproductions, photographs and the like.
The vision that shapes our annual activities remains the suslainabilily and appreciation of the working
heritage h&re al Heron Corn Mill. We have a general aim to contribute to the quality of life and
knowledge sharing within our cornmunities and visiting public.
In shaping our objectives for the year and planning our actNities we continue to refer lo the main
themes of the heritage sile, which creates a rich and divérse programme for all sectors of the
community and visiting public. We aim to give our visitors and sile users a good experience and
affordable events and activitifrs, and we have done a lot of repair and Maintenan￿ in 202110 6n8ble
a good and safe op&ning lo the public and lo¢al community in 2022. The Trustees confirm that they
have refeThed to the general guidance on public benefits issued by the Charity Commission when
reviewing and planning the ¢harily's aims and objectives.
The strategies we employed throughout 2021 were..
Upkeep of the mill, maintenance and repair, and accessible interpretive resources, including
addition of PPI around the site for public use.
Offered creative and educational activities for a broad range of pèople, in particular the
elderfy, with Crafternoons, Bread of Heron. Grain Chain and the new Powsowdi8 and brought
back the ¢hlldren's youth group to sile.
Develop our ever-expanding youth group a¢livilies to cover themes of engineering, science
and technology and lo test out online delivery which has been suc¢essful but will return on a
fa￿-to-faCe basis in 2022
Page 4

Heron Corn Mill (Beetham) Limited
Re
ort of th8 Trustees for the
ear ended 31 Dacomber2021
continued
Review our offer of good educational programmes lo primary schools, Collages, university
groups and specific interest groups who might visit in future years. We are using the skills of
young artists to help develop new ideas for the education work, particularly around eco
sustainable systems and blodiversily.
Putting these activities into action we have the followng main areas of aclivily..
Schools- We tie into the national initiallve such as British scien￿ Week, National Mills
Weekend, Museums at Night and Heritage Open Days - this can help with funding and certainly helps
with promollon and free promotional materials.
Mlll Hoppers Youth Group- now split to 2 age groups as nLJmbers have risen slgnificantly.
There are currently 100 young people as members. Our youno people continue to learn through the
main subje¢ts of engineering, science and technology. At teenage level they are invited lo loin 808, 8
teenage group where they are given more creative freedom, and rllentored towards becoming
volunteers.
Archive- creating artists OPPDrtunities lo engage with our expansive archive and interpret the
results into public perfomiances or events through the research. We are looking lo revive in the
future, in sorNe way, the North West Mills Group to which 8 lol of archive material is attached.
Craftemoons- craft activities for the elderly, these are expanding and ovèr 26 eldorly people
now attend once a month. We have begun a n$w project with the elderly to offer table based ¢rafts for
the most vulnar8ble and those with dementia. It Is hoped to gxpand this lo other crafts in 2022, such
as bread baking.
Milling demonslralions- a monthly event for the public lo engage wth our milling days will
begin again post COVID-19, for the public to btstler understand the value of industrial heritsge, water
power and the making of fine stoneground flour. Historically these are well-allended, somelim8s local
history groups will book to come to a milling demonstration, and numbers can be quite high.
Bread of Heron - This began as one group, we now have 4 groups,18d by enthusiastic
volunteer bakers. all who have spent many wetsks being taught how to rnake really good bread. This
projtscl is exceptional in that it is becoming self-suslaining. Using our own flour. and re¢eiving a small
donation from each baker taking part, it is Immensely popular with a long waiting list for places. Bread
of Heron has now been running successfully since 2015. Bread of Heron now lakes pla￿ safely in
the barn four times a month, with limited access to the hut due to health and safely reslriclions.
The Grain Chain - Now in ils second yéar, this initiative seeks lo develop a baking group for
those with mental health issues and learning drfficulties, in need of a Iherapeulic aclivily. We have
formed a partnership with Growing Well Isizerghl and The Lighthouse, based in Kendal, fomerfy
South Lakeland MIND.
Page 5

Heron Corn Mill (Beetham) Limited
ort of the Trustees for the
8arand•d 31 DeGember 2021
continu&d
The Events Programme
We create a twice y&ady programme, spThng and summer, autumn and winter. We create and
promote a variety of events, activities and experiences for all sectors, ages, abilities and cultures
within it. The themes are always broadly based around flour production, br&ad rllaking, agricultural,
rtjral life, engineering, technology, hydropower. We engage mainly with local artists and educators lo
run the events. Whilst our monthly e-newsleller continLJes and is very popular, offering detailed
information to the public, w8 are now programming for future events And actlvlty back in the bam.
Achlevèments and Performance
We have been vory fortunate with grant-funding during 2021, and the addition of an automatic scre&n-
cleaner to site has increased our electricity generating income to a new level. This has been managed
by Stuart Hobbs our miller and Robert Dickinson, who keop the èquipment moving and in good order.
COVID.19 (Coronavlrusl Revlew
Following the announcement on 23 March 2020 by the Prime Minister that the COVID-19 pandemic
had arrived, the Charity has had to cope with various lock-downs, and various wles about social-
distancing, and social gatherings. COVID-19 was a factor throughout 2021, and this is how the
Charity addressed the problem..
11 Effect on Charity's activities in 2021
We were able to reinstate some of our workshops albeit with greatly reduced numbers. We were able
to offer distribution of food and resources to the elderly las in 20201 for a limited tirne. By the middle of
the year we were able to resume faCe-tO-fa￿ sessions under strict COVID-19 protocols which meant
that the number of participants had lo be scaled back in line with those protocols. However, in
Seplernber we held an opening festival which heralded the return of public visitors lo the site.
2) Ablllty to Fund-raise
We were able to ¢onlinue fund-raising without too much difflcuky throughout 2021, and secured a
legacy fund for future work with the elderly. We were successful in securing additiona1 assisiance
through the HLF Culture Recovery Fund, which enabled the sile to be maintained and made safe for
the retum of tha public.
31 Effect on staff and events for thé coming year
We began planning a return to a full programme of events and activities during 2021 beginning with
the September opening. We aim to be back in fvll operation by Spring 2022.
Page 6

Heron Corn Mill (Beetham) Limited
Re
ort of Ihé Trustees for the
e8r èndèd 31 December 2021
Contlnued
41 Effact on future alms and actlvlties
COVID-19 has shown us different ways of working, some of which we may conlinug lo use such as
dislribulion methods of tsking resources to peopl& who are no longer able lo come to the mill. We are
plannino more work with the elderly, as much ¥s the legacy funding will allow, as this particular sector
of society has been badly affected by the pandemic and their needs musl be addressed.
51 Financlal Eff9¢1
The COVID-19 pandemic has had a positive impact on the finan¢&s of the Charity for the second year
running. Additional ernergency funding was secured lo help with existing costs, including a sum of
£32.500 to re-inflate unrestrioled reserves. This, together wth another good year on turbine income
lup some £16,000 on 2020 to £107,000) trnabled the Charity to repay the smaller of the two tranches
of loan income of some £33,000. Th8 Charills financial position at the end of the year records ils
highest ever unreslricled reserves, even after p8yng off some of the loan. The high energy prices
towards the end of the year helped the Charity lo the good turbine income r8suII. If these high prices
continue into the new year the Charity is looking to repay the balance of ils loan in Q12022.
Financial Revlew
For the year to 31st Dec 2021 the charity recorded unrestricted income of £146k {prior year £115KI.
Unrestricted expenditurè amounted to £gOk (pr yr £95kl, leaving a surplus over expenditure of £57k
Iprior year £20kl. Adding back depreciation improves the surplus lo £89k compared to the
comparable surplus of £46k in 2020. This improvement of £43k comes from an improved turbine
income figure. bul mostly from grants received due to COVID-19 pandemic enabling some items of
unrestricted expenditure to be offset by these grants (hence the lower overall unrestricted expenditure
figure). Cash was an inflow of £11 k in the year Iprior year £47kl. a reduction of £36k compared lo
2020, but this is after repaying £33k off the loan.
RaseNes Pollcy
Unrestricted reseNes as at 31 De￿rnber 2021 a￿ showing a surplus before adjustments for the first
time ever. The figure for 2021 is a surplus of £29k cOMpa￿d lo a deficit of £93k in 2020. This is an
improvement of £122k, and comes from 3 main SOur￿S.. Nel income for the year of £58k', add back
depreciation of £32k'. and add in the unrestricted grant received of £33k to help with resetrves.
Having now reached, and maintained Ifor one year at least), the policy of having at least £15k in cash
reseNes to cover at least three months essenti81 operating costs, the next slep was to pay off the
balance of the loan as quickly as possible and this was achieved in Q1 of 2022. Our next step is to
now build up the reserve figure lo help pay for a direct ¢onne¢lion to the grid in case anything should
happen to the paper mill across tho river.
Page 7

Heron Corn Mill (Beetham) Limited
Re
ort of the Trust•8s for the
ear ended 31 December 2021
continued
Reference and administratlve dètalls
Company number..
06784856
Charity number..
1131677
Trustees-
Roger Bingham
Robert Dickinson
Paul Lusled {Resigned June 20211
Robert Parkinson
Sharon Peill
Tristan Donalo {Appoinled Jan 20211
Treasur$r.'
Denise Noble
Secret8rylManager'.
Audrey Sleeley
Registered Office..
Mill Lane
Beelham
Milnlhorpe
Cumbria LA7 7PQ
Bankers..
CAF Bank Ltd
25 Kings Hill Avenue
Kings Hill
West Malling
Kent ME19 4JQ
Alderrnore Bank PLC
Apex Plaza
Forbury Road
Reading
RG1 1AX
Independent Examiner..
Colin Johnson FCCA
MHA Moore and Smalley
Kendal House
Murley Moss Business Village
Oxenholme Road
Kendal LA9 7RL
Page 8

Heron Corn Mill (Beetham) Limited
Re
ort of thé Trustees for the
earended 31 December2021
¢ontlnuÈd
Structure, Governance and Managom•nt Constltutlon
Heron Corn Mill IBeetham} Limited is a company limited by guarantee and a registered charity
governed by its Memorandum & Articles of Associalion.11 was incorporated on 7 January 2009. Its
oble¢tiv8s were amended by a resolution dated 23 De¢8mber 2011.
Organlsation
The charity is organised and run by the Trustees. There musl always be al least one senior manager
of Pella Medlcal Papers Limited Ipreviously known as 8illerudKorsnas Be8lh8m Limitadl acting as a
Trustee. In the yoar encled 31 December 2021 this Trustee was Sharon Peill. Day to day
administration is the rèsponsibility of the Charity Manager who reports to the Trustees.
Selection and Indu¢tlon of new Trustees
In selecting individuals for appointment as Trustees, the Trustees lake into conslderation the skills,
knowledge and experiènce needed for the effective administration and future progression of the
Charity.
The Trustees make available to each new Trustee, a copy of the governing document and any
amendments thereto. and a copy of the char￿￿$ lalesl report and ststement of accounts.
Rlsk Management
The Trustees have identrfied the major risks lo which the charity is expos￿. Those risks have been
r&viewed and systems established lo mitigate them. In kegping under review the Trust's activities.
Trustees are mindful of the potential for any changes lo the piesenl rango of risks and will adjust
systems whan and where required.
Page 9

Heron Corn Mill (Beetham) Limited
Rè
ort of th* Trustee5 for the
ear ended 31 December 2021
continuèd
statement of Trustees. res
onslbllltlès
Accounting and reporting responsibilities
The trustees Iwho are also directors of Heron Com Mill {Btselhaml Limited for the purposes of
company lawl are responsible for preparing the Trustees, Report and the financial statements in
accordance with applicable law and United Kingdom A￿o￿ntIng Standards (United Kingdom
Generally Accepted Accounting Practi¢el.
Company law requires the trustees lo prepare financial statements for each financial year, which give
a truo and fair view of th& slate of affairs of the charitable company and of the in¢oming resources
and application of reSoU￿s, including the income and expenditure, of the charilablts company for the
year. In preparing these financial statements, the trustees are required to..
select suitable ac¢ounling policies and then apply therm consistently..
observe the methods and principles in the Charities SORP 2019 IFRS 1021.,
make judgements and eslimales that are reasonable and prLJdent',
stale whether applicable Accounting Standards have been followed. subject lo any
material departures disclosed and explained in the financial slatemenls.,
prepare the financial statements on the going concern basis unless il is inappropriate
to presume that the ¢haritsble company will continue in operation.
The trustees are responsible for keeping adeqLJate accounting records that disclose wth reasonable
ac¢ura¢y at any time the financial position of the charitable company and enable them lo ensure that
the financial slalemenls comply with the Companies Act 2006. They are also responsible for
safeguarding the assets of the charitable company and hence for taking reasonabl& steps for the
prevention and detection of fraud and other irregularities.
Approved by the Trustees on
ftILp•76?
and signed on their behalf by
R K Bingham (Chairman) or TTUStee
Page 10

Heron Corn Mill (Beetham) Limited
Inde
endent Examinerfs Re
ort to tha Members of Heron Corn Mlll
Beatham
Limited
I report lo the charity Iruslees on my examination of the accounts of the Company for the year ended
31 D8cemb2r 2021 which are set out on pages 12 10 25.
Responslbllltles and basis of report
As the charity Irusteos of the company land also its diraclors for the purposes of company lawl you are
responsible for the preparation of the accounts in accordence with the requirements of the Companies
Act 2006 {'the 2006 Acl'l.
Having satisfied myself that the accounts of the ¢ompany are not required lo b& audited under Part 16
of the 2006 Act and are eligible for independent examination, I report in respect of my examination of
your company's accounts as carried out under section 145 of the Charities Act 20111'lhe 2011 Act'l. In
carrwng out my examination I have followed the Directions given by the Charity Commission under
section 14515llbl of the 2011 Act.
Independent examiner's statèment
sin￿ the company's gross income ex￿eded £250,000 your examiner mu51 be a rnember of a body
listed in section 145 of the 2011 Act. I confirm that l am qualtfied lo undertake the examination
because l am a member of Association of Chartered Certified Accountants which is one of the listed
bodies.
I have completed my examination. I confim that no matters have come lo my attention in conneclion
with the examination giving me cause to believe that in any material respect..
accounting records were not kept in respect ofthe company as required by section 386 of the 2006
Acl-, or
the accounts do not accord with those records., or
the accounts do not comply with the awounting requirements of se¢tion 396 of the 2006 Act other
than any ￿qu1￿ment that the accounts give a 'true and fair view, which is not a matter considered
as part of an independent examination., or
the accounts have not been prepared in accordance with the methods and principles of the
Statement of Recommended Practice for accounting and reporting by Charities lapplicable lo
charities preparing their accounts in ac¢ordan¢e with the Financial Reporting Standard applicable
in the UK and Republic of Ireland IFRS 10211.
I have no con¢erns and have come across no other mallers in connection wth the examin81ion lo which
attentlon should b¢ drawn in this report in order lo enable a proper understanding of th8 accounts lo be
reached
Colln Johnson FCCA
For and on behalf of
MHA Moore and Smallay
Chartered A¢countants
Kendal House
Murfey Moss Buslnass Village
Kendal
Cumbria
LA9 7RL
Dale .
1410812022
Page11

Heron Corn Mill (Beetham) Limited
statE[￿ryt of Finandal Actlvitles1Sncludlng Incorn• and EKpéndlturè At¢0￿￿tI
fortheyear ondod 31 Decernbw 2021
UMMstrtctÈd
Fuhd$
IGÈnÈr4
2Q21
Rg$irkted
T<>tal
Funds
Total
Fund$
IProjerts}
21
2021
2020
INCOME ENDOW￿ENTs FROM..
41
alons L8gacias
Charltabl8 Ac1￿￿8S.. (>ants
5.5
26.335
5.585
68.teo
5,931
91063
61,82S
¢r Tredlng
3.132
$21
73,177
4.104
112.015
412
HBritsge Loupry Fund
Sale5
Turblne InBoT
73,171
1,863
107,174
1.863
107,174
1.634
1.770
342
TOTAL
135,6Sg
281.357
ExpeNOttURP ON..
R*$iTry FundE".
C05tol GDatsSdd
I.￿7
I,￿2
302
302
78
2Q.99B
Cther Co3b
Wages
10
11.050
20.65è
13.356
22.971
Ar￿SL￿rof@sS1￿Thal F
Ethlbilon Costs
Tramal & Subs5sténc8
Volunts8r
Wag8s
4.3fj9
20,643
378
25,012
378
37,10S
172
243
13.159
25.140
13.197
47.867
21727
47.093
27.377
.189
Heat & Ught
canc8s
786
1.048
180
524
120
361
1,363
14,171
1.034
27,314
P￿Pairs,￿￿nte￿¢e Ar￿ a#enl
12,3721
16,543
1,629
18 762
29,052
(jh￿rA￿￿nIstraICm'. Aud5l8 Ac¢wn￿cY F¢$$
1.457
2,780
2,¥55
CatwlnolR¢freshmn
240
31.834
3.2S9
7.198
650
5.520
31.834
2&102
1.702
&848
1.353
Equlpwi Pur¢ha
Inwrèn¢¢
IT Wdwer¢lS¢knr¢
Fe8$
P¢si, P&klng, Tthpl
Stationery. CoTrsmtlES. C(wl
SJb5GripOon5
3.153
2.746
409
5,042
428
4.452
478
419
1.230
335
815
1.732
210
939
248
129
1831
e37
7W
4.02Y
Wages
10
7.526
41828
18.342
63,16B
SO.￿2
LO￿ Interest
7.313
7.313
TOTAL
87.918
NET INCOMEIIEXPENDttUREI BEFORE TRA148FER8
rrEnsfers
A(ktHn Charge8
NET MOVEMENTW FUFIDS
57.810
75.446
24,3BI
175,4461
513
150.5521
82.1DY
132.743
82.191
Funds Balsnces blF
FUNDS BALANCES em
1.178,314
1.311 ￿7
Y56,419
105,867
1.416.924
1,3¥,Y23
Page 12

Heron Corn Mill (Beetham) Limited
Balan¢0 Sheet
88 at 31 t)ecentsr 2021
Note
2021
2020
Flxed Assets
TawiN8 Asse
Heritage ks8
12
13
410.373
872,030
399,261
872,030
1,282.403
1,271,291
Current A55et5
Debtors & Prepayments
C8sh at Bank and in Hand
14
48,450
1&5,587
&5.599
174,730
234.037
210,329
Cradltors
Amounts falling du8 ￿thIn one year
15
35,923
44,576
Nat Current Assets
198,114
165,753
Total Assets less currènt Ilabllltles
1,480,517
1,437.044
Long Term L￿bilitIeS
Charity B8nk Loan
16
63,593
102.311
Net Assets
1,416.924
1,334,738
FurKIs
Lknrastricled..General
Restricted..ProiBcts
1.311.057
105,867
1,178,314
156,419
1,416,924
1.334,733
For the year 31 DèLèn*8r 2(r21 the company ￿nb￿d to 8xthrpUon frcth audit undw section 477 of th8
Companles Act 2006 relating to cotrpani8s.
The tnprthrs ha* wl requir￿ the crfflpany to obtain an aL&Jil in accLKdwv vith s8cbon 476 of Ihe Conwanles
Act 2006.
Thè dirÉctors 8cknwledge their reSpDn￿bl11ty for conylyiru vith the requiretn8Tts of the ActW4th resp&ctto
accounting r￿ordS and for thè weparabon of aCC￿nts
These accounts ha￿ been prepar￿ In accordance wilh Ihe pr￿1￿0￿5 Èpplicable to conyanies subl￿tIO
Ihe small compani@s r8glTh.
Appr(￿d by th8 Trustees on.
. and ￿gned thwr behay by
TrusleelDI￿
< eingh￿ll as Trv5tee & Charman
Corwany Reglstratlon Numb8r'. 06784856
Page 13

Heron Corn Mill (Beetham) Limited
Cash Flow Statement
as at 31 December 2021
Nota
2021
2020
Cash generated In Operating Activities
94,884
119,808
Cash frorn Investing A¢tiMties'.
Pr(￿eedS from the sale of p￿ll1 and equipnEnt
Purchases of plant and equiprrEnl
Cash provided by (used Inl Investlng ActNitles
133
42,946
42,813
64,267
64,267
Cash from Financing Actiwties..
Repayrrtnl of borrowng
16
141,2141
18,8061
Cash used in Financing Activi11os
41,214
8,806
Increase Idecreasel in cash in kne year
Cash al the beginning ol Ihe year
10,857
174,730
46,735
127,995
Total Cash at the end ofth8
185,587
174,730
Page 14

Heron Corn Mill (Beetham) Limited
Notes to the Flnanclal Statements
for the year ended 31 December 2021
l. Accounting Policies
1.1 Company Information
Heron Corn Mill (Beethaml Limited is a oorrpany linmted by guaranteg inc(xporatwJ in Enoknd and
Wales. Th8 registered office is Mll Lane , Beelham, M'lnthorp8. CurT*)ria, L47 7PQ.
1.1.a Basls of preparation
The Charity conslitules a pU￿1C benefit entity as defined by FRS 102. The financial stat8m8nts ha￿ been
prepared In accordance wlh Accounting and Reporbng by Charil'es.. Statement of Reeomnknded Practicg
applicable to charitias preparing their accounts In accordance wth the Financial Rewrling Standard
applicab18 ill the UK and Republic of IreLand issued in Cttobsr 2019, the Financial Reporting Standard
applicable In the Unitsd Kingdom and Republi¢ of Ir8L4nd IFRS 1021, Ihe Chariti85 Act 2011, the
Companies Act %)06 and UK Generalty Accepted Accounting Practice.
Heron Corn Mill IBeethaml Litniled tr£ets the definition of a public entity under FRS 102. Assets and
liabillts.es are Initial￿ ret￿nised at historical cost or transaction Un￿&$ othemse stated in Ihg
reknnt accounting pdicy notelsl.
The finawial st8tem&nts are prepared in Ster￿.nQ, Is the functsonal curr8ncy ol the corrpany.
Monetary arrKAJnts in these financial statements are round￿ b the nearest £.
1.2 Fund accounting
General funds are unrestricted funds are available for us8 at Ihe discretion of Trusteès In
furtherance of the general objecti￿$ of the charity.
Restricted funds are funds thi¢h ar8 to be used in accordance wth specific restrictions irrposed by
doNors or which haw b88n raised by Ihe ¢harity for particular purposes. Th8 C05t of raI￿ng and
ad￿￿niSter1r￿ such funds are charged against the specific fund.
1.3 Going concern
At the tinE of approung Ihe financial stst8rYEnts, Ihe directors hav8 considered the period of 12
followng and have reasonable exwct8tions that the Charity has adequate resources to continue In
operational eyistence for the foreseeable future. This is backed up by a 2 year forec85l co*ring tre year8
2022 and 2023 in SUPFM)rt of a funding application to the Foyle FoL)ndati(￿. This, tCKJether ￿4th th8
fact that Ihe Charity has p)sitive unrestricted reserves 8ft8r repaying part of its ban, gike5 Ihe
Directors confidence in Continuing tr) adopt the going concern basis ol aC￿untirvj in preparing these
rinancial ststernents.
Page 15

Heron Corn Mill (Beetham) Limited
Noles to the Flnancial Statement$ Icontlnuedl
for the year ended 31 December 2021
1.4 Incomlng resources
All incoming resources are included in the Stat&nEnt of Financial Actimties Mtten the charity is legally
entided to the Inco￿￿, it 15 probable it will be reCe]￿d and the amount can be measur8d reliabty.
The follo￿￿7ng spe¢ifi¢ policles are appli8d lo par￿Cular categori8s of income..
lal Voluntary Incom8 is re¢eived by way ol grants {￿knether capital or revenue). donations
and gifts and is included full in the State￿£￿t of Flnancial Actiwties.
Grants, ￿are entitJenEnl is not conditional on the deli￿rY of a specific performance by
the ¢harity, are recognised ￿en it is prOba￿e the incorre wll be receiwl.
Ibl Donated professional seriices and donated facilities are rec(NJnised as income then th8
charity has control oker the item, any condits'ons associated wth the donated item ha* been
met, the receipt of eeonomic b8nefil from the use by th8 charity of the item Is probable and
that economic benefit can be rne85ur8d reliably. In accordance ￿1th the Charlties SORP
IFRS 1021, the gen8ral wlunteer tin￿ of the K>lunteers is nol recognised.
(h receipt, donated professional sernqces and donated facilities are rec¢yJnised on th8 basis
ol the value of th8 gift to the charity ￿1c￿ is the amunl the charity Mould been willing
to pay to obtaln seruces or facilities of equivalent econO￿lC benefit on the op8n rnarket,. a
corresponding arrv)unt is then recognised in eypenditure In the p8ri(Kl of receipt.
Icl In￿tr￿nt incom& is included receivable.
{dl If income is recei¥Ed but Ihe related performance does not take place until a futher
accounting p8riod the income wll be deferred unts'l the criteria for incom8 recognition ar6
1.5 Resources expendod
E>pendilure is rec￿nised once there is a legal or Constructi￿ obligation to rThgk8 a paynknt to a
third paty, it is rKobable that s8ltleryEnt wil be r8quir8d and the arnount of the obligation Can be
ffleasur8d reliabTrg. E>penditure is classified under the folomryng actimty headings..
Costs of raising funds cornpris8 th8 costs of commercial trading includirKJ costs of
goods, marketing and staff costs.
Expenditure on charitab18 actiifjlies includes the costs of performances, ethibits.ons and
other educational aclwties urKJertaken to further the purp)ses of the charity and Iheir
associated 5UPPOrt costs and costs associated wth Ihe turbine.
(Xh8r e¥)enditure represents those items not faling into any other heading.
Irrecov8rab18 VAT is charged as a cost against the aCti￿ty for %thich th8 expendi￿re
was incurred. Where costs cannot be directy attriblrted lo parbcuLor headings th8y have been albcatEd
on 8 basis consistent ￿￿th use of the resources.
1.6 Investment Incom8
In%estrr8nt income represents interest eamed on the invgstrn8nt of terrporary surplus funds ￿aCed on
deposiL and 15 inclLjd￿1 in tre accounts vthen r8ceivable.
Page 16

Heron Corn Mill (Beetham) Limited
Notes to the Financial Statements leontlnuedl
for the yoar ènd•d 31 De¢èn*)er 2021
1.7 Tanglble fixed assets and depreclatlon
All fi>yJ assets are originalty rècorded at cost.
Depreciauon Is calculated so as to yrit8 off the cost of an asset, less its estirnat8d residual wakje. ow the
useful econo￿¢ life of Ihat asset as folkm..
Barn and Other equipr￿nt
Computsr gqviprnent
Ftydro turbir
10%- 20/0 Straight lir
33% straight line
4% straight line
1.8 Hèrltage Assets
The iffprO￿Ments lo H8Ton Com Mill. Beetham are ststed at cost. Significant funds ha¥e been e>pend8d
in restoring and maintaining Heron C￿n Mil 8nd in ￿&wOf this the Trustees do not beliew any promsion
for depreciation or iffpairrrent is required.
1.9 Operating leases
Rentals applicable to operating ￿8S£S are chargeil to Ihe Ststement of Financial Actimles Over the period
of the ￿ase on a str8ight line basis.
1.10 Debtors and credltors re¢eivab181 payable wlthln one year
Debtors and ¢r8ditors wth no stated interest rate and rec8iWdbl& or payab￿ wthin one year are re¢ord9d
at transaction price. Any Ioss8s arising from itryairrnenl are re¢o3nis8d in wendlture.
1.11 Cash at bank and In hand
Cash al bank and cash in hand inckndes cash and short lem highty liquid in￿lments wth a short
n￿tUrIty of thr88 rnonths or ths from the date of acquisition or opening of the deFOSit or simil8r
8ccount
1.12 Financral Instruments
The charity onty has financial assets ond financial Iiabilllles of a kind that qualify as basic financlal
instrunEnts. Basic financial instrurnents are inibally recognised at transaction ￿lue and
subsequ8nty [￿aSured attheir seldemenl value ￿4th the weption ol bank loans ￿1¢h are
subsequenly n￿aSured at an￿rtis8d cost Using the effecliKE interest rnethod.
Page 17

Heron Corn Mill (Beetham) Limited
Notes to the Flnanclal Statements Icontinuedl
for the year ended 31 December 2021
2. Donatlons and Legacies
2021
2020
0(￿￿tiOnS from ii5itor5
585
931
5,000
Donation from BK Beetham Ltd
5.585
5,931
All donations in 2021 are unrestricted inconk, but in 2020 £35 is restricted.
3. Grants Recelved
Grants there recei￿ frorn th8 bodies.,
2021
2020
PovEr To Charye
SLDC
Garfield Weston
27,440
16,335
fjo,000
5,000
5.000
3,000
3,000
3,IK)O
2,4(K)
2,000
2,000
2,000
1.200
1,125
1,000
1,IK)O
55,000
11,334
5,000
9,963
Cumbria CotnrrKJnity Foundation
The Van Nesle F￿ndatIOn
D'fyEy Carte CharitsN8 Trust
RHU Foundation
Schroder Charity Trust
The Areti Charitable Trust
LCVS
2,000
Francis Winham
Fort F￿JMda￿tsn
Elspelh J Thorry)son
nry Herd Trust
Sabina SutherLind CharltalAe Trust
PersirrThons ￿k)r￿S
Amold Clark Comrnunity Fund
Haroid & Alice Bridges
The GF charit5b￿ Tr(￿t
Croppers
Blakemre
kdfidd Charitable Trust
Sharples Fund
The Dowager Peel
Teseo188gs of Hèfpl
E>pat Foundation
Concerbna Charitaile
500
1.166
100
88,160
92,063
The inconE from grants reCeI￿d tr)t811ed £88,160 in 202112020.. £92,063) of ￿1¢￿ £61.825 wes restricted
12020.. £77,729) and £26,335 was unrestricted12020.' £14,334).
Page 18

Heron Corn Mill (Beetham) Limited
Ii,.
8-&2
f!Iiiiij_s11.
Page 19

Heron Corn Mill (Beetham) Limited
¢4
151
ui
Page 20

Heron Corn Mill (Beetham) Limited
Notes to the FSnanclal Statement$ {¢ontinuedl
for th8 year 8nded 31 Dacern￿r 2021
2021
2020
5. Heritage Lottery Fund
1220-202018C¥) Years of Milling)
Nabonal Lottery COVID-19 Fund
H8rit8g8 Ernergency Fund
Culture Recokery Fund
2.625
2,625
22,350
19.000
68.040
70,552
73,177
112015
6. Investl￿nt Incon
2021
2020
Interest Receivab
38
7. Net incom8118xpènditural for the year
2021
2020
Thls Is stated after charging=
Depr8ciation
IrKlependent Exa￿￿rnatiOn
31,834
2,760
26.102
2,680
8. Expendlture on charltable actwities
Ewenditure on charitsble actiMtie5 in 2021 was £104.32812020.' £123,819) of thich £78.580 was rgstri¢18d
12020.. £102,119) and £25,748 was unrestricted12020'. £21,7001.
9. Trustees
Robert Dickinson, a trustee, li￿ closest lo the Mill, gets paid for keeping th8 lurbin8 going
out%iJe of norrrol office hours. He quite regularly cleans Ihe turbine in the earfy hours ol the mrningl He
in￿l¢eS the Com Mill for Ihis s8nAC8 thich 2021 anv)unted to £3,00012020 £4,560}.
M)ne of the other Trustees recei￿d any reT￿neration durfng the year, nor ¥*re any of the Trust8es reiwbursed
for any eynses12020- knel.
10. Wages
There ￿re 2 empbyees under contract by the charity during the year12020- 21.
No 8rnp￿Yee VAS paid rTK)re than £60,0(K) in the year.
2021
2020
Breakdoun of costs..
Gross Wages paid
NIC contributions
Penson contributions
71,343
3,408
1,766
76,517
70,261
3,283
1,735
75,279
Page 21

Heron Corn Mill (Beetham) Limited
Notes to the Financlal Statements {contlnuedl
for the year &nded 31 December 2021
11. Related Party Transactlons
The followng Trust6e8 ar& aLs0 manag8rs of P8lta Madical Papers Ltd Iformrly kn￿ as BillerudKorsn8S
Beetham Limited)..
Sharon Peill & Robert Dickinson
Peh8 Medical Papers Lirrited owns th8 Sit& of Heron Corn Mill IBeethaml Limited arKI does not charge
any rent to the charity. The lease dated 23 May 1974 being for 99 year5 snd a peppercom rent payable.
In the year Heron Corn Mill IBeethaml Lirnited inM)ic8d Peha Medical Paters Limited £40,583 in
respgct of electricity generated by the Turbine12020.. £22,347).
Included in other debtors at Ihe year end is £12,278 du8 from P&lt8 M8dical P8P8rs Linit8d12020.' £1,250).
12. Tanglble Ftxed Assets
Hydro
Turbine
Other Conwuter
EquipTll8nt Equipm8nt
Total
Cost
At 1 January 2021
Addikn'ons in year
Disposals and wite-offs at Cost
At 31 D8C8rr*)8r 2021
602,751
40,611
58,888
2,335
367
60,856
6,569
688,208
42,946
3671
710787
643,362
6,569
Accumulated Depreclatlon
At 1 January 2021
Charged lor the year
Disposa& and ￿lte-off$
At 31 December 2021
220,519
26.793
41,859
5,041
387
46,533
6,569
268,947
31,834
367
300,414
247,312
6,$69
N8t Book Valu8
At 31 December 2021
391050
14,323
410,373
At 31 D8C8rr*)8r 2020
382,232
17,029
399,261
Page 22

Heron Corn Mill (Beetham) Limited
Notes to th8 Financlal Statements l¢ontinuedl
for the year ended 31 December 2021
13. Herrtage Assets
Leasehold
Property
Improvements
Cost
At 1 January and 31 DeCe￿r 2021
872,030
Net Book Valua
At 31 December 2021
Cl) 13 Jun8 2013 8 Lègal Charge over the ￿aS&hOld property kno￿ as Heron Corn slgned in faM)ur ol
the Trustees of the Heritage Lottery Fund as part of the conditions that had to be m&t before Ihe grant of
£939,100 could corymence lo be spent Th8 grant has the titFe of 'Waterpow8r Connection..
14. Debtors and Pr8payments falllng due wilhln one yèar
2021
2020
HM Re￿￿8 & Customs- VAT
PrepayrrEnts and accrued in¢om8
Other Debtors
32
34,317
1.250
35,599
36,086
12,364
48,450
1& Credltors: amounts falllng due wlthln one year
2021
2020
HM Revenue & custott￿- PAYE & NIC + VAT
Charity 88nk IoBn
(Xher Creditors-Pension
Trade creditors
Accrua& and deferred
4,388
6,925
147
21.512
2,951
35,923
9,421
145
26.975
6,103
44,576
Page 23

Heron Corn Mill (Beetham) Limited
Notes to the Financial Statements {conllnuedl
for the year ended 31 Dèeember 2021
16. Cr8ditors fallrng due after one year
2021
2020
Charity Bank Loan
63.593
102.311
Analysls of loans
Wholly repayable wthin fiv8 y8ars
By InstalNEnts
￿O[lY repayab￿ wthin five years
By in5talrn8nts
70,518
111,732
70,518
111,732
Included in current liabifiti88
6.925
9,421
63,593
102,311
The Trust has a ￿ty year k>an agreern8nt ¥ith the Charity Bank eypiring Tr&)v8rrt>8r 2029.
The ban bears interest at 7tr/0 and is secured by a fixed legal charge oKEr the leasehold properly kno
as Heron Corn Mill and a chattel frthg8ge NF￿ KapL2n TurtNne and associated ￿UIpment.
Th8r8 is also a debenture ow Ihe entire urKlertaknng. The loan was made in 2 tranche5 and l tranche
was ful￿ repaid in Oecernber 2021 from surplus unresthcled funds. The balance of the loan be
r8paid in Q12022 if suWus unrestricted funds ran19in at knst at year end le￿Is.
17. Summary of Net Nssets by fund
Re5trict8d Unrestricted
Funds
Funds
Total
(Note 41
Fund babnces 3131 Decembèr 2021
are repr8s8nt8d by..
H8ritag8 Assets
Tangible Fixed Assets
Nel Current AssetsllLiabiliti&sl
872,030
410,373
92,247
1.374,650
872,030
410,373
198,114
1.480,517
105,867
105,867
Long Term ￿a￿lItIeS
163,5931
163.5931
105.867
1,311,057
1,416,924
Page 24

Heron Corn Mill (Beetham) Limited
Notes to the Flnancial Statemknts {contlnu•dl
for the yèar ended 31 D8cenkner 2021
17. Summary of Net Ass&ts by fvnd {continuedl
Restricted Unrestricted
Funds
Fund5
Total
{Note 41
Fund balances at 31 Decen￿eT 2020
are represented by..
Heritage Assets
Tangible Fil￿ Assets
Nel Current Assetsllknatxlib"&s1
872,030
399.261
872,030
399.261
165,753
1,437,(H4
156,419
156,41g
1.280,625
Long Tem) Liabilities
1102.3111 1102,3111
156,419
1.178,314
1,334,733
18. Taxatlon
As a charity, Heron Com Will IBeelhaml Limited is exempt from tax on incorrE and gains falling uilhin sections
472- 474 of the Corporation T8xA¢t 2010. s8ctions 478- 489 of the Corporation Tax A¢t 2010, or secb'on 256 of
Ih8 Tayatyon of Ch8rgeatrle Gains Act 1992 to the extent that these £ie 8pplied to its charitable obi8cts. No tèx
charyes hak arisen in the Charity.
19. Control
There is no Sing￿ controliw party of the charity for the current or preiious year.
20. Reconciliation of net mvement In funds to net cash flow from operating a¢tlvttles
2021
2020
Net nwxement in funds
Add back depreciation
Decr88se lincreas81 in debtor5
Increas& Idecreasel in Creditors
Loss Iprofitl on disw)saLs
82,191
31,834
112,8511
{6,1571
11331
100,302
26,102
{6,4641
11321
Net cash generat8d in operatlng actlvltles
94,884
119,808
Page 25