2022-12-31-accounts

Trustees’ Annual Report for the period

From 01/01/2022 To 31/12/2022

Charity name: Ivatt Diesel Re-creation Society

Charity registration number:

Objectives and Activities

	SORP reference
Summary of the purposes of the charity as set out in its governing document	Para 1.17	The charity’s objects (the objects) are 1. To build, preserve, operate, maintain and exhibit the Charity’s property, in particular, but not limited to, an LMS Diesel Locomotive to Engine Diagram 279, two of which were originally constructed in 1947 and known as the “Ivatt Twins”, and advance the education of the public in pioneering diesel traction in the UK. 2. To use the Charity’s property to promote public knowledge, appreciation and understanding of the historical educational, scientific, and cultural aspects of the trust property, with particular regard to its historical significance.
Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts.	Para 1.17 and 1.19	The main work was to continue the process of communicating with industry experts about the design and continued collection to parts. We continued to obtain parts. 2022 saw the beginning of refurbishment work on components.
Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit	Para 1.18	The trustees have read the guidance named ‘Public benefit: rules for charities.’ All decisions and work are done with in accord with this.

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Additional information (optional) You may choose to include further statements where relevant about:

SORP reference

	SORP reference
Policy on grant making	Para 1.38	N/A
Policy on social investment including program related investment	Para 1.38	N/A
Contribution made by volunteers	Para 1.38	The charity has no paid staff and so all achievements and work is done by volunteers.
Other

Achievements and Performance

	SORP reference
Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole.	Para 1.20	The charity has continued to educate the public regarding the D16/1 class via online and in person opportunities, both at our Workshop and on our Information Stand at venues. We have saved and preserved parts pursuant to the aim, ready for eventual creation of the new locomotive. Work progressed to strip and refurbish the braking, suspension and electrical control aspects. Notably during 2022, the Society received significant parts donated from rail company GBRF which both served to reduce the overall cost of the project and enable it to move forward at a quicker pace. The most dramatic development within the year was the separation of the locomotive chassis form its bogies and inversion onto a wagon ready for further work to be carried out. We were able to realise full value for items not further required for our project.

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Financial Review

Financial Review
Review of the charity’s financial position at the end of the period	Para 1.21	The Society continues to have a firm and growing financial base.
Statement explaining the policy for holding reserves stating why they are held	Para 1.22	The Society has no specific reserves other than the continued healthy bank balances.
Amount of reserves held	Para 1.22	N/A
Reasons for holding zero reserves	Para 1.22	No need for a specific reserve has been identified as yet.
Details of fund materially in deficit	Para 1.24	N/A
Explanation of any uncertainties about the charity continuing as a going concern	Para 1.23	N/A

Additional information (optional)

You may choose to include further statements where relevant about: Donations from the public. The charity’s principal sources of funds (including Para 1.47 any fundraising) N/A Investment policy and objectives including any Para 1.46 social investment policy adopted The objectives would not be met if the level of donations reduced significantly. A description of the principal Para 1.46 risks facing the charity Other

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Structure, Governance and Management

Description of charity’s trusts:		N/A
Type of governing document (trust deed, royal charter)	Para 1.25	Constitution
How is the charity constituted? (e.g unincorporated association, CIO)	Para 1.25	Unincorporated society
Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees	Para 1.25	Trustees are recommended and can be co- opted during the year. Trustees holding the position of officers are voted into the role each year at the AGM.

Additional information (optional) You may choose to include further statements	Additional information (optional) You may choose to include further statements	where relevant about:
Policies and procedures adopted for the induction and training of trustees	Para 1.51	New trustees are required to read the Charity Commission’s online guidance for new trustees.
The charity’s organisational structure and any wider network with which the charity works	Para 1.51	The charity is run by consensus within the trustees for day to day decisions. The Constitution allows for votes among members, as required.
Relationship with any related parties	Para 1.51	The Society is autonomous and is not affiliated with an umbrella group. It has no paid staff. The charity works alongside the Ecclesbourne Valley Railway Association at the same site and EVRA members contribute to volunteer tasks for the charity.
Other

Reference and Administrative details

Charity name	Ivatt Diesel Re-creation Society
Other name the charity uses	Ivatt Diesel Recreation Society, LMS10000
Registered charity number	1147032
Charity’s principal address	46 Biddick Village Centre, Washington, NE38 7NP

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Names of the charity trustees who manage the charity

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20	Trustee name	Office (if any)	Dates acted if not for whole **year **	Name of person (or body) entitled to appoint trustee (ifany)
	Mark Walker	Chairman	Until 19 March 2022
	TonyEllershaw	Chairman	From 21 April 2022
	Andrew Hoseason	Secretary
	TonyBrown	Treasurer
	Michael Prince	Assistant Treasurer
	Hanson Haigh
	Paul Etherington
	Bernard Caddy

– Corporate trustees names of the directors at the date the report was approved

Director name none

Name of trustees holding title to property belonging to the charity

Trustee name	Dates acted if not for whole year
none

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Funds held as custodian trustees on behalf of others

Description of the assets N/A held in this capacity Name and objects of the N/A charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for N/A safe custody and segregation of such assets from the charity’s own assets

Additional information (optional)

Names and addresses of advisers (Optional information)

Type of Name Address adviser

Name of chief executive or names of senior staff members (Optional information)

Exemptions from disclosure

Reason for non-disclosure of key personnel details

Other optional information

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Declarations

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s) Full name(s) Position (eg Secretary, Chair, etc) Date
	Andrew John Hoseason
	Secretary
	25 September 2023
	25 September 2023

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IVATT DIESEL RE-CREATION SOCIETY

INCOME AND EXPENDITURE ACCOUNTS

YEAR ENDED 31 DECEMBER 2022

INCOME Donations & Sales HMRC Gift Aid Total income for the year EXPENSES Expenses minus loan repayments Loan repayments Total expenses for the year NET PROFIT FOR THE YEAR	2022 £ 116,293 12,192 128,485 95111 1800 96911 31,574	2021 £ 78,973 11,506 90,479 67569 1200 68769 21,710	2020 £ 55,849 7,133 62,982 48338 1979 50317 12,665	2019 £ 37,001 4,018 41,019 29137 1250 30387 10,632

CHARITY COMMISSION FOR ENGLAND AND WALES Independent examinerfs report on the accounts Section A Independent Examiner's Report Report to the trustee¥l members of On aGGounts for the year ended 2022 Irf any) IIF7032 Set out on pagos I re￿rt to the trustees on Tlly examinati(m of ts a(xounts of the above tharity {Ihe Trusf) ts the year ervjed 31 _ Re8pons•billtl•s and As the charlty trustees of the Tfvst, you are reSF￿lbk kn Ihe pryaration basis of report of the accounts in 8(xxxdan￿ with the requirements of the charl￿ Act 2011 Ilhe Acr}. L022 I report in respect of my examinalion of the TTUSt'S 8C(x)unts carried out LErMler section 145 of the 2011 Ad and in carrying out my examination, I have follo￿d the applicable Dir￿lI0r￿ given by the Charity Commission urKler section 145151(b) of the A( I have c(Thpleled my examination. I confirn that r4) rnateri81 matters have o)me to my attention { in connection ￿th the examination gNes me (xuse to believe that in. any material respecL' accounting recths were rK)t kept in aco)rdance with s8cion 130 of the Act or the acCI￿nts th) Th)t actffll iih the accounttng reL%Jrds Independent examiners statement I have no (x)ncems and haNE come ￿ no other matter5 in connection with the examination to attentM)n sh(iuld be dra￿ in order to enable a proper understanding of the acu)urrts to be rexhed. . Please de te the n Ihe b￿kets rfth8y th) not apply. Slgnod: 11- 9-21 JIJD Relevant professlonal quallficallon{s) or body (if any)- A¥ K£L *0 YCALS Address: LEIC Lég i￿￿ IER October 2018

Section B Disclosure Only com[￿ete rf the examiner needs to highlight matters of concem (see CC32, Independent examinakn of charity acwjnts: dired10￿ and guhlance for examiners). Glve hore brlef dots11s of any items thai the examiner wishgs to disclose. IER October 2018