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 2022
Page 1

Heron Corn Mill (Beetham) Limited
Contents
Page No.
Trustees Report
Independent Examiner's Report
10
Statement of Financial Activities
Balance Sheet
12
Cash Flow
13
Accounting Polieies and Notes
14-24
Page 2

Heron Corn Mill (Beetham) Limited
Re
ort of tho Trustees for the
èar ended 31 Decembar 2022
The Trustees present their r6POrt of the charity for the year ended 31 De¢8mber 2022 which is also
prepared to meet the requirements for a directors, report and accounts for Companies Act purposes.
The Iruslees have adopted the provisions of the Slalement of Recommended Practice ISORPI
°Accounling and Reporting by Charities. IFRS 1021 in preparing the annual report and financial
slalements of the charity.
The fin8n¢ial statements have been prepared in ac¢ordance wth the a¢¢ounting policies set out in
notes to the accounts and comply with the charlty's governing docum&nl, the Charities Act 2011 and
Accounting and Reporting by Charities.. SlaleTnenl of Recommended Pra¢li¢e applicable to Charities
preparing their accounts In accordance with th& Financial Reporting Stsndard applicable in the UK
and Republic of Ireland published in October 2019.
Chair's Report
As Chair of the Heron Corn Mill (Beelhatnl Ltd l am able lo report an unusually outstanding year in
what has been extremely difficult with staff members having lo deal with personal health issues. We
were however able to continue offering a full programme of events and activities which had been
planned and programmed prior to the Creative Project Manager's illness, which kept hèr from
WOTking from the office full time. She was however able to work from home several day5 per week
and k8pI the fundraising up to date. The week8nd programme of youth club activity was continued
with the appointin9 of a new part-time staff mernber lo supervise the group, look after the café and
take on some of the fundraising, and began training with the Creative Projects Manager.
We finished the year in a good financial position due to the effi¢ient workings of the new automatic
screen deaning system on the turbine. enabling less downtime and Cleaning.
In closing, I would like to thank the staff and volunteers, trusts and foundations and a few stalwart
volunteers, without whom we would not be able to offer our facilities and resour¢es lo the wider
community.
Roger Bingham
Chair
Page 3

Heron Corn Mill (Beetham) Limited
Rè
ort of the Trustees for the
aarénded 31 December 2022
contlnuèd
Our Purpose and Activities
The purposes of the Charity 8re'.
al To restore. preserve, and upkeep the Heron Corn Mill to its original fomi as 8 fully working water
powered com rnill- on a site first used for a mill in the 13th century- as a working museum open to
the public and for the general benefit of the community, and for the educational benefit of students,
researchers and others, and any other ¢harilable purposes tending to encourage inl&resl in the
history and industry of the area.
bl To advance the education of the public in the eonservalion. protection, impmvem6nl, and mutual
co-dependency of the physical and natural environment by derllonstraling and promoting the use of
renewable energy technology particularly. but not exclusively, using hydropower.
cl In furtherance of the above objects, bul not otherwise, the power lo arrange lectures, exhibitions,
shows, projects and evttnts for the benefit of the public, and to print, publish, and make available lo
the public by sale or othen￿lSe of literature, reproductions. photographs and the like.
The vision that shapes our annual aclivili&s remains the sustainability and appreciation of the
working heritage here at Heron Corn Mill. We have a general aim to contribute to the quality of life
and knowledge sharing within our ¢ommunities and visiting public.
In shaping our objectives for the year and planning our activities we continue to refer to the main
themes of the heritage sile, which creates a rich and diverse programme for all sectors of th8
community and visiting public. We aim lo give our visitors and sile users a good experience and
affordable events and 8Glivilies. and we have done a lol of repair and rllainlenance in 2022 to enable
a good and safe opening lo the public and local community in 2023. The Trustees confirm that they
have referred lo tha general guidance on public benefits issued by the Charity Commission when
reviewing and planning the charity's aims and objectives.
The strategies we employed throughout 2022 were-
Upkeep of the mill, maintenance and repair, we were able to get millwright help for Stuart,
our millerlmillwrighl, in the forrll of Steve Green Blacksmith who is undertaking a bursary
until June 2023.
Offered creative and educational activitie5 for a broad range of people, in particular the
elderly, with Craflernoons, Bread of Heron, Grain Chain and the new Powsowdie. Hands-on
was funded to help people with dementia and mobility problems lo bake and lo do craft work
with tutors.
Kept our youth group programme on track in the absence of our Creative Projects Manager.
The programme ran as smoothly as it Could, with the addition of a new part-time weekend
worker.
Page 4

Heron Corn Mill (Beetham) Limited
Re
ort of the Trustèès for the
ear endad 31 December2022
continued
Putting these a¢livilies into action we have the following main areas of aclivily..
Schools- We tie into the national initiative such as British Sciènce Week, National Mills
Weekend and Heritage Open Days - this can help with funding and certainly helps with
promotion and free promotional maleri81s.
Mill Hoppers Youth Group- now split 10 2 age groups as numbers have risen significantly.
There are currently 80 young peop18 as members. Our young people continue to learn
IhroLJgh the main subjects of engineering, science and technology. At teenage level they are
invited to join 808. a teenage group where they are given more creative fretsdom, and
mentored towards becoming volunteers. Funding has been awarded for a new baking
prolecl with teenagers with mental health issuas.
Milling demonslr8lions- a monthly event for the public lo engage with our milling days ¥MII
begin again post Covid-19. for the public lo better understsnd the value of industrial
heritage, water power and the making of fine stoneground flour. Historically these are well-
attended, sometimes loeal history groups will book to come lo a milling dernonslration. and
numbers can be quitè high. This has been enhanced by Foodi8 Fridays - where our Bread
of Heron bakers make fresh bread for sale after the milling demo, and other charities sell
their work in the bam.
Bread of Heron - This began as one group, we now have 4 groups, led by enthusiastic
volunteer bakers, all who have spent many weeks being taught how to make really good
bread. This project is exceptional in that il is becoming self-sustaining. Using our own flour,
and re￿Iving a small donation from each baker taking part. il is immensely popular with a
long waiting list for places. Bread of Heron has now been running successfully since 2015.
Bread of Heron now tskes place safely in th6 bam four lim&s a month, wth limlted awss to
the hilt due to health and safety reslriclions.
The Evants Programm¢
We create a twice yea￿Y programme, spring and summer, autumn and wnter. 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, bread making, agricultural,
rur81 life, engineering, lachnology, hydropower. We engage mainly with local artists and educators to
run the events.'Nhilsl our monthly e-newsletter continues and is very popular, iffering detailed
infom)ation to the publi¢, we are now programming for future evonls and activity.
Achievements and Parformance
A legacy fund has been awarded from The Expat Foundation for the work we do wfth proje¢ls for the
elderly over 3 years.
Page 5

Heron Corn Mill (Beetham) Limited
ort of the Trustèès for the
earended 31 Decembar2022
continued
Financial Review
For the year to 31st Dec 2022 the ¢h8rily recorded unrestricted in¢ome of £183k (prior year £146KI.
Unroslricled expenditure amounted to £156k Iprior year £gOkl, leaving a surplus over expenditure of
£27k Iprior year £56kl. Adding back depreciation improves the SLJrplus lo £59k compared to the
comparable surplus of £87k in 2021. This reduction of £28k comes despite a record return from the
turbine of £157k- some £50k higher than the income achieved last year. However, this higher
turbine income was more than offs&l by the reduction in Covid-19 grants against unrestricted
expenditure, which is why unrestricted expenditure is £66k higher than last year. The balance of
£12k is the reduction in Covid-19 emergen¢y grants received last year from SLDC (grant ￿CeiVed
£16kl. Cash was an inflow of £1 k in the year Iprior year £11kl. a reduction of £10k compared to
2021, but this is after paying £71 k lo fully repay the loan to the Charity Bank.
ReseNes Policy
Unrestricted, free resèrves as al 31 December 2022 stood al £87,434, which is a slight fall from the
2021 figure of £92,245 by £4,811 but, in the year, the balance of the loan of £70.518 was repaid.
Having reached, and now maintained (for two years at leasll, the policy of having cash reserves to
cover a minimum of three months essential operating costs, the next slep is lo build up the reserve
figure to help pay for a direct connection lo the grid in case anything should happen to the paper mill
across the river.
Page 6

Heron Corn Mill (Beetham) Limited
Re
ort of thè Trustees for tha
ear ended 31 December2022
continued
Reference and administrative details
Company number..
06784856
Ch8rily number=
1131677
Trustèes:
Roger Bingham
Robert Dickinson
Robert Parkinson
Sharon Peill
Tristan Donalo (resigned 24 Mar¢h 20231
Treasurer..
Carol Elbourne
Secrelarylmanager..
Audrey Sleeley
Registered Office..
Mill Lane
Beelham
Milnlhorpe
Curnbria LA7 7PQ
Bankers:
CAF Bank Ltd
25 Kings Hill Avenue
Kings Hill
West M811ing
Kent ME19 4JQ
Aldemiore Bank PLC
Apex Plaza
Forbury Road
Reading
RG1 IAX
Redwood Bank Limited
The Nexus .'4uilding
Broadway
Letchworth Garden City
Hertfordshire SG6 3TA
Independent Examiner..
Colin Johnson FCCA
MHA Moore and Smalley
Kendal House
Murley Moss Business Village
Oxenholme Road
Kendal LA9 7RL
Page 7

Heron Corn Mill (Beetham) Limited
Re
ort of thè Trustees for the
ear Ènded 31 Decembèr2022
continued
Structure, Governance and Management Constitution
Heron Corn Mill {Beelhaml Limited is a company limited by guarantee and a registered charity
governed by its Memorandum & Articles of Association. It was incorporated on 7 January 2009. Its
objectives were amended by a resolution datod 23 December 2011.
Organlsation
The charity is organised and run by the Trustees. There must always be at least one senior manager
of Pella Medical Papers Limited (p￿VIOuSlY known as BillerudKorsnas 8eelham Limited) acting as a
Trustee. In the year ended 31 December 2022 this Trustee was Sharon Peill. Day to day
administration is the rasponsibilily of the Charity Manager who reports lo the Trustees.
Sèlection and inductlon of new Trustees
In selecting individuals for appointment as Trustees, the Trustees lake into consideration the skills,
knowledge and experience needed for the effe¢tive administration and future progression of the
Charity.
The Trustees make available lo each new Trustee. a copy of the goveming document and any
amendments thereto, and a copy of the Charlly's latest report and slalemenl of accounts.
Rlsk Management
The Trustees have identified the major risks to which the charity is exposed. Those risks have been
reviewed and systems established to mitigate them. In keeping undèr review the Trust's aclivilies,
Trustees are mindful of the Potential for any changes to the present range of risks and will adjust
systems when and where required.
Page 8

Heron Corn Mill (Beetham) Limited
Re
ort of the Trustèès for the
ear ended 31 Decèmbèr 2022
continued
Staternent of Trustees, res
onsibilities
Accounting and reporting responslbilities
The trustees (who are also directors of Heron Corn Mill IBeelhaml Limited for the purposes of
company lawl are responsible for preparing the Trustees, Report and the financial statements in
accordance wilh applicable law and United Kingdom Accounting Standards (United Kingdom
Generally A￿epted Accounting Praclicel.
Company law requires the trusta6s to prepare financial slatem8nls for each financial year. whSch
give a true and fair view of the slate of affairs of the charitsble company and of the incoming
resources and application of resourcas, in¢luding the income and expenditure, of the charitable
cornpany for the year. In preparing these financial slatemenls, the Irustetss are required to..
select suitable ac¢ounting policies and then apply them consistently..
observe the methods and principles in the Charilitrs SORP 2019 IFRS 102).,
make judgements and estimates that are reasonable and prudènt.,
slate whether applicable Accounting Standards have been followed, subject to any
material departures disclosed and expl8inttd in the financial stalemenls.,
Prepa￿ the financial statements on the going concem basis unless il is
inappropriate lo presume that the charitable company will continue in operation.
The trustees are responsible for keeping adequate accounting records that disclose with reasonable
accuracy at any lime the financial position of the charitable company and enable them lo ensure that
the financial slalemenls ¢omply wilh the Companies Act 2006. They are also responsible for
safeguarding the assets of the charitable company and hence for taking reasonable steps for the
prevention and dele¢tlon of fraud and other irregularili8s.
Approved by tha Twstees on
and signed on their behalf by
c,￿ ¢•
R K Bingham {Chairmanl or Trustee
Page 9

Heron Corn Mill (Beetham) Limited
Inde endent Examiner's Re
ort to the Members of Heron Corn Mill
Beetham
Limltèd
I report to th& Charity Iruslees on my examination of the accounts of the company for the year ended
31 De¢8mber 2022 which are sel out on pages 11 10 24.
Responsibilities and basis of report
As the charity Iruslees of the company land also its directors foT the purposes of company lawl you
are responsible for the preparation of the accounts in accordance with the requirements of the
Companies Aol 20061'lhe 2006 Act'l.
Having sallsfled mys8lf that the a¢counts of the corNpany are not required to be audited und&r Part 16
of the 2006 Aol and are eligible for independent examination. I report in respect of my examination of
your company's accounts as carried out under seotion 145 of the Charities Act 2011 I'lha 2011 Ad'l.
In carrying out my examination I have followed the Directions given by the Charity Commission under
séction 14515llbl of the 2011 Act.
Independent examlnerfs statèment
Since the company's gross income exceeded £250,000 your examiner must be a member of a body
listed in section 145 of the 2011 Act. I confirm that l am qualifi'ed lo undertake the examination because
l am a member of Association of Chartered Certified Accounlanls which Is one of the listed bodies.
I havo comp18ted my examination. I confirm that no mallers have come to my attention in connècllon
with the examination giving m8 cause lo believe that in any material respect..
accounting records were not kept in respect of the COTnP8ny as required by section 386 of the
2006 Act., or
the accounts do not a￿Ord with those records,. or
the accounts do not comply with the a¢¢ounting requirements of section 398 of the 2006 Act other
than any requirement th81 the accounts give a 'lrue and fair view, which is not a matter considered
as part of 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 18pplicable lo
charities preparing their accounts in accordance with the Flnancial Reporting Standard applicable
in the UK and Republic of Ireland {FRS 10211.
I have no concems and have come across no olhor mallers in connection with the examination to
which attention should be drawn in this report in order to enable a proper understanding of the
accounts to be reached
Colin Johnson FCCA
For and on behalf of
MHA Moore and Smalley
Chartered Accountsnts
Kendal House
Murley Moss Business Village
Kendal
Cumbria
LA9 7RL
Dale .
1410612023
Page 10

Heron Corn Mill (Beetham) Limited
SLit•ment of FlnBndÈl A&vlilos {Including Ihth)m• and ExpendIt￿re Aeeount}
far th? yèar •nd•d 31 DecambDf 2022
R09trlcted
Fund
{Prolèctsl
2022
Total
Funds
T*Xal
Fund
Furtds
1¢Sener411
2022
2022
2021
Notg
INCOME AND ENDoWm￿Ys FROM:
{Flol8 41
DonaCIoD5 and L8gaclgs
Charttable AGt1￿11￿￿." Racal
e,563
4,667
6.$63
80.217
5.585
8B.180
75.550
otherTTpdlng Aet1￿￿1￿8'.
Admisslons etG
HEritB98 Lotlèry Fund
sales
Tur￿n& InGome
5,147
5.331
9.4BD
6.808
157.246
3.853
73.177
1.863
107.174
9.480
8,808
1S7.248
InNestm&nt Inttam
Other InGOrne
1,334
1.334
1.146
160
1.770
TOTAL
182.741
268.127
2BI.S87
EXPENDITURE ON-
Rtylslro Funds..
Coyt ol Goods Sold
2,469
1.549
106
3.009
3Q2
78
20.998
106
259
22.227
Olher Costs
Wo9eS
235
21,702
io
525
24,406
26.610
24.387
Chadiable ActlMlIg￿".
ArtlstslProfe¥sitshal Péés
Exhibition cttsls
TrHwl & SubslstenGe
VLlunteer Expon¥¢¥
We9P&
2.498
3Q.654
33.152
25.012
378
1.651
2.179
59.495
8.762
59.915
13.197
47.867
420
84.332
103.640
87.se6
Prep8rty'.
eÉt & Ll9hl
1.98a
7.$88
192
1,048
R£te5
Rtspalrs.￿alnIenancQ aèthno
1.291
3.381
1.291
6,642
3,261
14,171
Other Admlni$tration.' Audlt & AGGountaney Fé48S
BaDk Gh￿￿es
CalBrtnglRefroshrnentg
Depreciation
EquipmÈrtt Purchases
3.065
81
2.760
97
240
81
773
31.810
377
5,g26
1.762
4,245
027
31.810
31.834
3.259
7.1g8
650
2.979
HardwarqlSoftw*"
Leg?1 FEÈS
Pttst. Packlng, TelgphDna
Statlonery, Conpumablès. CopySng
Sub¥¢riPtions
s￿rtary
Tralnlng
We9eS
504
2.266
4.518
942
273
15
845
462
939
827
627
887
500
627
8.022
392
627
105
7.017
7,652
$8.7Y2
63,420
63.166
Othar.
LO￿ Int8r8st
Other
1.455
7.31
1.459
1.459
7.313
TOTAL
1￿771
205.242
199.196
NET INCOMEI{EXPEPJDITLIREI BÉFORE TRANSFERS
26.970
35.$15
62.885
82,191
TtPn5tars
Admln Charges
MOVEMEFif IN FLINDS
28.970
3S.915
82.191
Funds BalanGe5 blf
FUNDS BALANCES elf
1 311.057
1.33b.027
1 418.924
1.479.809
1 334 733
1.416.>24
141.782
Page11

Heron Corn Mill (Beetham) Limited
Balance Sheet
88 at 31 Decernber 2022
Note
2022
2021
Flxed Assets
Tangible Assets
Heritagè Assèt$
12
13
378,563
872.030
410.373
872,030
1250,593
1.282,403
Current A￿t$
Debtors & Prepayments
Cash 8t Bank Ènd in H8nd
14
74,714
186,784
48.450
185,587
261.498
234,037
Credltors
Amounts falling du8 wthin onÈ year
15
32,282
35,923
Net Currènt A8sets
229,216
198,114
Totsl Asg8ts18s5 current liabilities
1,479,809
1,480,517
Long T8rm Llabllltles
Charfly Bank Loan
16
63,593
Net Assets
17
1479,809
1,416,924
F¥nds
Unrestricted..Cen8ral
ReslrictÉd..ProjeGts
1,338,027
141,782
1.311,￿7
105.867
1479,809
1,416,924
For the year 31 Decemb8r 2022 th8 carnpany was entitled to 8xemptlon from audit urKler section 471 of th&
Companies Act 2006 relating lo sm811 compani&s.
The m8mbÈts ha￿ not required th8 company to obtain an audit in accordanc8 wth s8Ction 476 of the Compani88
Act 2(W)6.
The directors acknow18dge their re5POn5ibilily for complying with the requirerllent5 of the Act ￿th resp8ct to
accounting reG(Kds and fijr the y8paralion of accounts.
These accounts hale been prepared in accordanGe Yith the pr0I4sions ap￿1¢£ble to companies subject to
the sm811 compani&s regime.
ApprO￿d by t
Trusteas on .
and signed on their b8half by
TTu5teelDirector
RK Bingharn as TNste8 & Chalrfflan
Company Registration Numb8r.' 06784856
Page 12

Heron Corn Mill (Beetham) Limited
Cash Flow Statement
as at 31 De¢¢mber 2022
Note
2022
2021
Cash génerated in Operatlng Actlvltles
20
71,715
94,884
Cash Flows from Inkpsling Actibities..
Proceeds from the sale of plant and aquipment
Pur¢hases of plant and equipment
Cash provlded by (used inl Inv&stlng Activitles
133
42,946
42,813
Cash Flows from Financing Aclimties..
Repayment of borrowng
16
{70,5181
141,2141
Cash used In Flnancing A¢fjvltl&s
0,518
41.214
Increase Ide¢reasel in cash in the year
Cash at the beginning of the year
1,197
185,587
10,857
174.730
Total Cash at thè end of the yèar
186,784
185,587
Page 13

Heron Corn Mill (Beetham) Limited
Note$ to the Flnancial Statem2nts
for the year ended 31 December 2022
1. Accounting Pollcle$
1.1 Company Information
Heron Corn Mill IBeethaml Limited 15 a company linvted by guarantee incorrK)rated in England and
Wal8s. The registered office is M'll Lane , Beetham, Milnthorp8, Currbria, LA7 7PQ
1.1.a Basis of preparation
Th8 financial statements b8en prepared in accordance wth Accounts'ng and Reporting by Chariti8S'.
state￿Nt of RecorrThended Practice applicable to charities preparing their accounts in 8ccordan¢e
th the Fin8nci81 Reportyng Standard applicab￿ in Ihe UK and Republic of Ireland IFRS1021
leffects.￿ 1 January 20151-IChariti8s SINIP IFRS10211, arKI the Companies A¢1 2006.
Heron Corn Mill IBeethaml Limlted rrEets th8 definition of a publlc entity under FRS 102. Assets and
'abiliti8s are initially recogni5ed 8t historical cost or transaction value un￿S otheNise stated in Ihe
rekvanl accounting policy ttotalsl.
Th8 financial slatements are prepared in stsrfing, vhi¢h is the functional currency of the cowny.
Monetary amunts in these financial Stalen￿1$ are rounded lo the nearest £.
1.2 Fund accountlng
Gener81 funds are unrestricted funds ￿1¢h are avaikble for us8 at the discretion of the Truste85 in
furtherance of the g8n8ral objeclibes of the charity.
Restricted funds are funds which 8r8 to be used in a¢￿[dance wryth spe¢ifi¢ restrictions irrposed by
donors or ￿]ch hake b88n raised by the charity for particular purposes. The cost of raisi￿ and
adrrinistering such funds are charged against the swif1¢ furKI.
1.3 Golng Goncern
At the tiTne of approiing the financial staternents. Ihe directors ha￿ ¢oTrsidered Ihe p8riod of 12 wmlhs
f01km￿ng and have re£SOnab￿ eypectations Ihat the Charity has adequate r8sources to ¢onts"nue in
operational ekistence for the forseeabb ILrture. Tris is backed up by 8 2 year forecast Co￿ring the years
2023 and 2024. This, together wth the fact that the Charity has rositike unrestricl8d reser￿ after
repaying all of its loan, gikEs Ihe Directors confid8n¢e in ¢onlinuing to adopt the going concern basis of
accounting in preparing these financial statements.
Page 14

Heron Corn Mill (Beetham) Limited
Notes to the Flnancial Statempnt5 l¢ontintJedl
for the year ended 31 December 2022
1.4 Incoming re$ource$
Al incoming resources are Included in th8 StsterrEnt of Financial AC1￿*"eS then the charity is kgally
entit￿ to the ine0rn8, It is probab￿ it vill be r8c81￿d and the amunt can be rneasured reliabty.
Th8 follovAng specific policies ar8 applied to parbcuL9r cat8gorles of income..
lal Vduntary incon* is recei￿ by way of grants lthether c2Pital or re￿nuel, donations
and gifts and is illelud￿l in ful in th8 Statement ol Financial Actiiities.
Grants. ￿there enlitlen*nt is not eondiliona1 on the d￿l￿ry of a specific performance by
the ¢harity. are recoon1s￿ then it is probable the in¢onE ￿41 be recei￿d.
Ibl Donated professional s6nAces and donat8d faC]￿lIeS are recogni￿ as inCoff￿ then th8
charity has control rner the it8m, any conditions 8ssociated wilh the donat8d itern ha* been
met, thè receipt of economi¢ ben8fit from Ihe use by the charity of Ihe item is probab18 and
that econorric benefit can be rr*asured r81iably. In aocordan¢e ￿th Ihe Charities SCRP
IFRS 1021, the general wlunt8er tirrE of the ￿lUnteerS is not recognised.
(h rec8ipI. donated professional seriices 8nd donated faciliti8s are reCognis￿ on the basis
of the value ol the gift to Ihe charity thi¢h is Ihe Ihe charity ￿￿Uld have been wlling
lo pay to obtain seDAces or fa¢ilits8s of equiwa￿nt economic benefit the open marke(" 2
Corresponding anK)unt is then recognis8d in eypendiiure in thg pariod of receipt.
{cl InvestrrEnt income is Inc￿d&d then recei￿bIe.
Idl If incom8 is recei￿1 Iwl the relat8d performance does not tske place untsl a furlh8r
accounlng wriod the income ￿11 be deferr8d until ihe crltwia for incoTrE recognition are
rn8t.
1.5 Resources expended
Eypenditure is recognised once there is a18gal or conslructike obligation b make a paymgnt to a
third party, it is wobabb th8t Sett￿TrEnt wll be required and the 2￿nI of th8 obligats.on can be
measur8d relialAy. E>pendityr8 is CLq55iri￿ts under the folowng actimty headings..
Costs of raising funds compri58 the costs of ¢ormwrcial trading Including costs of
goods, rnarketing and staff Costs.
Ewenditure on Charitab￿ actiMlies includes lh8 costs of performances. exhibikn'ons and
other 8duGational a¢tiuties undertaken to further the purposes of the charity and their
associated support costs and ¢osts associated Ihe turbine.
(Jher eypenditure repr88ents those items notf2lling into any other heading.
lrr8co￿rab1e VAT is charged as a cost against the actiiity for Ml)ich the exF￿dI1Ure
was In¢urred. Where costs cannot b8 direcly aitributed to parbcu18r headings they ha￿ b88n althated
on a basis congslent wilh use of the resources.
1.6 Investment incom8
InvestnEnt Income represents interest earned on Ihe in￿nt ol temporary 8urplu5 funds pLqced on
deFK)Sit and is included in the accounts then recovabl8.
Page 15

Heron Corn Mill (Beetham) Limited
Notes to the Financlal Statements Icontinuedl
for the year ended 31 December 2022
1.7 Tanglble fixed assets and depreciation
All fixed assets are originalty record￿ at cost.
Depreciation is ¢akulated so as to wite off the cost of an asset, less its estimated residual value, 0￿r Ihe
useful econorric life of th8t asset as folbvts..
Barn and Other equiprn8nt
Computer equipmnt
dro ￿rbIne
10°A- 20¥0 straight line
33% Straight line
40h straight line
1.8 Heritage Assets
The IrnprokEments to Heron Corn Mill. Beetham are slated at C051. Significant funds ha￿ been ewended
In restoring and maintainirYJ Heron Corn and in iiewof this Ihe Trustees do not belie￿ any pro1￿s1On
for depreciaty'on or iwirrnenl is required.
1.9 Operating leases
Rent8ls appli¢able lo operalng leases are charg8d to the state￿nt of Financial Acbmties o¥Er the period
of the knse a slraigm line b8SiS.
1.10 Debtors and credltors receivablel payable within one year
D8btors and ¢redilors wth no stated interest rate and receivab￿ or payable wlthin one year are record
al transaction pric8. Any bsses arising from irnpairment are r8¢ryJnised in e¥endiiure.
1.11 Cash at bank and in hand
Cash at bank and cash in hand include5 cash and short term highly liquid in*S1ft￿nts Mryth a short
rnalurity of three mnlhs or less from the dat8 of acquisition or opening of the d8POSIt or sinular
account.
1.12 Flnanclal Instruments
The charity only has financial asset- 8nd financial liabilities of a knrKI that qualify as basic financial
Instrutr*nts. Basic financial instruments are inillally recognised at tr8nsaction value and
subsequently me8sured al their settlernent ￿lue ¥￿th the 8xception ol bank loans ￿[ch ar8
subsequenlly measured at atrK>rtised cost using the effecb'¥e interest method.
Page 16

Heron Corn Mill (Beetham) Limited
Note5 to the FFn8ncial Statements Icontinuedl
for the year ended 31 December 2022
2. Donations and Legacles
2022
2021
Donations from M5itors
Dollation from BK Be8lham Ltd
3,563
5,000
5.000
6,563
All donations in 2022 are unrestri¢led incorne, as ￿re all Ihe donations in 2021.
5.585
3. Grants ReCe￿ad
(>8nts ￿tre received frorn Ihè fdbvAng bodies.,
2022
2021
Eypat Foundation
cut￿na Comnwnity Foundation
SLDC
LCVS
Th8 Radcliffe Trust
The Cotton Industry War MenKJfi81
John GIl￿n Trust
Sharp￿5 Fund
WG Ed￿rdS
Henry Herd Trust
Harold & Aice Bridges
Bryan La￿aSter
Power To Charv¥
Garfi8kS Weston
The Van Naste Foundation
D'fyly Carte Charit3b18 Trust
RHU Foundation
Schr(￿er Charity Trust
Th8 Areti charitab￿ TrLE5t
Francis WinhaTn
Fort Foundabon
ELgpeth J Thompson
Sablna Sutherfand Charitaue Trust
P8rsirrmons kbm8S
Amold Clark Community Fund
The GF charitab￿ Trust
Croppers
Blak8rfK)Te
56,000
9,200
2,667
2.000
2,000
2,000
2.000
1,500
1.500
500
5,000
16,335
2,000
1,125
1.000
350
27,440
10,000
5,IK)O
3,000
3,000
3.000
2,400
2,000
2,000
1,200
1,000
500
100
60
88,160
80.217
Thé irbcorrE from grants reCeI￿d totall8d £80,217 in 202212021-. £88,16010l thi¢h £75,550 was restri¢Èd
12021.. £61,825) and £4,667 was unrestr¢ted12021.. ￿6,3351.
Page 17

Heron Corn Mill (Beetham) Limited
%aÈ*
IÉ£ £
i li
I g
!! } Ili'ii,
Page 18

Heron Corn Mill (Beetham) Limited
a£a*£
9 & 9 ¥
Page 19

Heron Corn Mill (Beetham) Limited
Notes to the Flnan¢lal Statement5 Icontinuedl
for the year ended 31 December 2022
2022
2021
5. Heritage Lottery Fund
National Lottery Awards For All
Culture Recolery Fund
122￿202018[K> Years of Milling)
9,480
70,552
2.625
9,480
73,177
6. Investment Income
2022
2021
Interest Receivdble
1.334
7. Net incomell8XP8nditurel for the year
2022
2021
rhls is &ated after charging..
Depreciation
Indépendent Examination
31,810
2,980
31.834
2,760
8. Expendlture on Gharttable activities
Expenditu￿ on ¢harilable aGtikiles in 2022 was £113,75312021'. £104,328) of which £42,569 vas restricled
12021.. £78.5801 and £71,184 wa5 unreslricted12021.. £25,748).
9. Trustees
Robert Dickinson, a trustee, who li￿5 closest to the Mill, gets P8id for keeping the turbine uoing outside of
norfflal office hours. He quite regulady cleans the turbin8 in the eady hours of the mOTningl He inwices th8
Corn Mill for this seNce whith In 2022 amounted to £Nil12021 £3.0001. In 2023 it has been 8gre8d lo only
pay tra￿1 exp8ns8s.
None ol the other Trustees reCeI￿d any remuneration during the year, nor were any of the Trustees reimbutsed
for any exp8nses12021- None).
10. Wages
There were 3 8mployees under contract by the charity during th8 y8ar12021 - 21.
No employe8 was paid more than £60.(KIO In the year.
2022
2021
Breakdown of costs..
Gross Wages paid
NIC t￿t￿b￿lIonS
Pension conlribLEtlons
83,667
3,554
2,943
90,164
71,343
3,408
1.766
76,517
Page 20

Heron Corn Mill (Beetham) Limited
Notes to the Financsal Statements Icontinuedl
for the year ended 31 December 2022
11. Related Party Transactions
The lollowng Trustees are also rronagers of P81ta M8dical Papers Ltd IfornErFy kno￿ as BIl￿rUdKorsn8S
Beetham Limited)..
Sharon Peill & Robert Dickinson (manager until 8 April 20221
Pelta M8dical Papers Limited ows th8 Site of Pkron Com M'l IB88thaml LIr[￿ted and does nol charge
any rent to charity. The lease dated 23 May 1974 b&ing for 99 years and a p8ppeTcorn rent payable.
In the year Fkron Corn ￿111 (Beethaml Limit8d In￿)iced Pets Ibledi¢al P8P8rs Llrnited £TT,7n in
iespect of ele¢tricity g8neratecS by Ihe Turbine12021.. £40,583).
In¢ludgd in Olher debkns at the year end is £30,653 due from Pdta M8dic81 Paper5 Lir￿1￿12021.. £12,278).
12. Tanglble Fixed *ssets
Hydro
Turbine
other Computer
Equlpment Equiprnent
Total
Cost
At 1 January 2022
Additions in year
Disposals and ￿TIte-offS al Cost
At 31 Decewber 2022
643.362
60,856
6,569
710,787
643,362
60,856
6,569
710,787
Auumulated Deprectation
At 1 January 2022
Charged for Ihe year
Disposals and wits-offs
At 31 Decewnber 2022
247,312
26.793
46.533
5,017
6.569
300,414
31,810
274 105
51,550
6,569
332,224
Net Book Value
At 31 DeceInt￿T 2022
369,257
9,306
378,563
At 31 Decemtrer 2021
396,050
14,323
410,373
Page 21

Heron Corn Mill (Beetham) Limited
Note$ to the Flnanclal Statements Icontinu8dl
for the year ended 31 December 2022
13. H8ritage Assets
Leasehold
Property
Improve￿nIS
Cost
At 1 January and 31 D8e8mb8r 2022
872,030
Net Book Value
At 31 Decerrber 2022
872,020
On 13 June 2013 a Legal Charge obEr the leasehold property knovm as Heron Corn Mill Wds signed in fa￿ur of
the Trustees of the Fkritage Lottery Fund a5 part of Ihe conditions that had to be met before the grant of
£939.100 COU￿ commn¢e to be spenL The grant ha5 the tile of'WalerpoM8r Connection"
14. Debtors and Prepayments falllng due withln one year
2022
2021
PrepaymBnts
(Xher D8btors
42,863
31,851
74,714
36,086
12,364
48,450
15. Creditors-. amunts falllng due wlthln one yèar
2022
2021
Rewnue & Custorr6- PAYE & NIC + VAT
Charity Bank loan
Other Credltors-Pen5ion
Trade creditors
6,303
4,388
6,925
147
21,512
2.951
35,923
20,888
4,607
32,282
AccruaLs and deferred income
Page 22

Heron Corn Mill (Beetham) Limited
Notes to the Financial Ststements Icontinuedl
for the year ended 31 December 2022
16. Cr8dltors falling du8 after one year
2022
2021
Charity Bank Loan
83,593
Analysis of loan5
Wholly repayable within years
By Instalments
Not wholly repayabl8 Wlthin y8ars
By instalments
70,518
70,518
Included in current liabilities
6.925
63,593
The Trust had a twanty year loan agreement ￿1th the Charity Bank expiring No*mber 2029.
The loan was made in 2 tranches and 1 tranche was repaid in llecember 2021, 8nd the other
tran¢he was ￿paid in March 2022.
17. Summary of Net Assets by fund
Rèstrlcted Unrestrlcted
Fund$
Funds
Total
INote 41
Fund balances at 31 Oecernber 2022
are represented by..
Heritage Assets
Tangible Fixed A$$ets
Net Current AssetsllLiabiif(i881
672,030
378.563
87,434
1,338,027
872,030
378,563
229,218
1.479,809
141,782
141,782
Long Tem) Liabilities
141,782
1,338.027
1.479,809
Page 23

Heron Corn Mill (Beetham) Limited
Notes to the Flnanclal Ststements Icontlnuedl
for the year ended 31 Decewnber 2022
17. SummaryofNetAwtsbyfund l¢ontlnuedl
Restrlcted Unrestrlcted
Funds
Funds
Total
INote 41
Fund balances at 31 DeCem￿r 2021
ar8 repras8nt8d by..
Heritage Assets
Tangibl8 Fixed Assets
N8t Curr8nt AssetsllLiabilitiesl
872,030
410,373
92,247
1,374,650
872.030
410,373
198,114
1,480,517
105.867
105,867
Long Term Liabilitie5
163,5931
163.5931
105,867
1,311,057
1,416,924
18. Taxation
As a charity, Heron Com Mill IBeethaml Limited Is exempt from tax on In¢orne and gains falling wthin
58Ctions 472- 474 of the Corporation Tax Act 2010, s8Ctions 478- 489 of th6 Corporation Tax Act 2010, or
se¢lion 258 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to Its charitable
objects. No tax charges ha￿ arisen in the Charity.
f9. Control
There is no single controlling party of the charity for th8 current or premous y8ar.
20. Reconciliation of n8t movement in funds to net cash flow from operating activities
2022
2021
Net m0￿m8nt in funds
Add ba¢k depre¢ialion
U8crease lincre88el in debtors
In¢￿aSe Ide¢reasel in ¢￿dItorS
Loss Iprofitl on disposals
62.885
31,810
126,2641
3,284
82,191
31,834
112,8511
15.1571
11331
Net cash generated in operating activities
71,715
94,884
Page 24