## **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.| 1 ## **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.| 2 ## **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 3 ## **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| ||| 4 ## **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||| |||| |||| |||| |||| |||| 5 ## **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** 6 ## **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|| 7 ## **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 s8c*ion 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