IVATT DIESEL RE-CREATION SOCIETY Charity number 1147032
TRUSTEES’ REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
TRUSTEES
Tony Ellershaw, Chair Tony Brown, Treasurer Andrew Hoseason, Secretary Bernard Caddy Paul Etherington Hanson Haigh (resigned 30 January 2024) Michael Prince Adrian Bullock, (appointed 08 April 2024) Mark Langley, (appointed 08 April 2024)
Registered address
46 Biddick Village Centre Washington NE38 7NP
Independent examiner
Anthony Pilkington FCA BookCheck Ltd The Midway Chalford Hill Stroud GL6 8EN
Bankers
Lloyds Bank Plc Chelmsford Legg St OSC 1 Legg St CM1 1JS
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Trustees’ Annual Report for the period
From 01 January 2023 to 31 December 2023
Charity name: Ivatt Diesel Re-creation Society Charity registration number: 1147032
Objectives and Activities
| SORP reference | ||
|---|---|---|
| Summary of the purposes of the charity as set out in its governing document |
Para 1.17 | 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. This will not be the third locomotive of the type, not a replica. It is intended to have the look, sound and performance of the previous two locomotives, though, of necessity, to contain some more modern equipment within. 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 and legacy. |
| 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. Continued refurbishment work on components. Refining of the final engineering drawings. |
| 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. |
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. Work continued to produce final engineering drawings. Preparatory work was undertaken toward assessment of the six traction motors within the bogies. A drying oven was constructed which will enable us to undertake electrical resistance readings of each motor, once thoroughly fried internally. |
:
| Achievements against objectives set |
Para 1.41 | |
|---|---|---|
| Performance of fundraising activities against objectives set |
Para 1.41 | Fundraising slowed this year compared to previously, notably because we are in a interim stage during which we do not yet have precise quotes for work to be done, therefore making specific fundraising difficult. This should improve after the next year. |
| Investment performance against objectives |
Para 1.41 | |
| Other |
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 | No uncertainties arose. |
| Additional information (optional) You may choose to include further statements |
Additional information (optional) You may choose to include further statements |
where relevant about: |
|---|---|---|
| The charity’s principal sources of funds (including any fundraising) |
Para 1.47 | Donations from the public. |
| Investment policy and objectives including any social investment policy adopted |
Para 1.46 | N/A |
| A description of the principal risks facing the charity |
Para 1.46 | The objectives would not be met if the level of donations reduced significantly. Progress would be impeded by the loss of our Lead Engineer. |
| Other |
Structure, Governance and Management
| Description of charity’s trusts: |
||
|---|---|---|
| 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 |
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 ** |
|---|---|---|---|
| Tony Ellershaw | Chair | ||
| Andrew Hoseason | Secretary | ||
| Tony Brown | 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 | ||
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 none
Name of chief executive or names of senior staff members (Optional information)
Exemptions from disclosure
Reason for non-disclosure of key personnel details
None
Other optional information
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) Andrew John Hoseason Position (eg Secretary, Secretary Chair, etc) Date 18 May 2024
Ivatt Diesel Re-creation Society
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1147032
Receipts and payments accounts CC16a For the period 01-Jan-23 31-Dec-23 To from
| Section A Receipts and payments | Section A Receipts and payments | Section A Receipts and payments | |||||||
|---|---|---|---|---|---|---|---|---|---|
| A1 Receipts | Unrestricted funds to the nearest £ 571 - 38,055 6,740 45,366 - - 45,366 23,845 - 23,845 |
Restricted funds to the nearest £ 315 1,280 975 - 2,570 - - 2,570 - - |
Endowment funds to the nearest £ - - - - - - - - - - |
Total funds to the nearest £ 887 1,280 39,030 6,740 47,937 |
Last year to the nearest £ |
||||
| Income | 571 | ||||||||
| Co-Co Club | - | - | |||||||
| Donations | 38,055 | 116,293 | |||||||
| HMRC Gift Aid | 6,740 | 12,192 | |||||||
| Sub total(Gross income for AR) | 45,366 |
128,485 | |||||||
| A2 Asset and investment sales, (see table). |
|||||||||
| None | - | - | - | ||||||
| Sub total | - | - | - | ||||||
| Total receipts A3 Payments |
|||||||||
| 47,937 | 128,485 | ||||||||
| 23,845 23,845 |
|||||||||
| Combined expenditure | 23,845 | 114,049 | |||||||
| Adjustment forpayment straddlingfinancial | - | ||||||||
| **Sub total ** | 23,845 | 114,049 | |||||||
| A4 Asset and investment purchases, (see table) |
|||||||||
| Loan repayments | 1,800 | - | - | 1,800 | 1,800 | ||||
| **Sub total ** | 1,800 | - | - | 1,800 | 1,800 | ||||
| Total payments Net of receipts/(payments) A5 Transfers between funds A6 Cash funds last year end Cash funds this year end |
|||||||||
| 115,849 | |||||||||
| 19,721 | 2,570 | - | 22,291 | 12,636 | |||||
| 1,249 | - 1,249 | - | - | - | |||||
| 30,814 | 35,768 | - | 66,582 | 53,946 | |||||
| 51,784 | 37,089 | - | 88,873 | 66,582 | |||||
| Section B Statement of assets and liabilities at the end of the | period | ||||||||
| Categories B2 Other monetary assets B3 Investment assets B1 Cash funds CCXX R1 accounts (SS) |
Details | Unrestricted funds to nearest £ |
Restricted funds to nearest £ |
Endowment funds to nearest £ |
|||||
| Main account | 51,784 | - | - | ||||||
| Co-Co Club account | 0 | 326 | - | ||||||
| Electrical cubicle account | 0 | 4,643 | |||||||
| Other restricted expenditure account | 0 | 968 | |||||||
| Telehandler account | 0 | 3,040 | |||||||
| Rollingchassis account | 0 | 23,975 | |||||||
| Wheel turningaccount | 0 | 4,137 | |||||||
| Paypal 1 | 0 | 0 | |||||||
| Paypal 2 | 0 | 0 | - | ||||||
| Gift Aid accrual (agree balances with receipts and payments account(s)) Details None Total cash funds Details 1 |
51,784 | 37,089 | - | ||||||
| OK | |||||||||
| Endowment funds to nearest £ |
|||||||||
| - | |||||||||
| Current value (optional) |
|||||||||
| - | |||||||||
| 18/05/2024 |
CCXX R1 accounts (SS)
B4 Assets retained for the charity’s own use
Fund to which Current value Details Cost (optional) asset belongs (optional) Heritage & engineering assets 102,000 -
CCXX R2 accounts (SS)
18/05/2024
2
CHARITY COMMISSION FOR ENGLAND AND WALES Independent examinerfs report on the accounts Se¢tion A Independent Examiner's Report Report to the trusteesl members of Ivatt Diesel Re<reation Society On accounts for the year ended 3111212023 Charity no (if any 1147032 Set out on pages 3rf+ I report to the trustees on my examination of the accounts of the above charity {Ihe Trusf) for the year ended Yi Responsibilities and As the charity trustees of the Trust. you are responsible for the preparation basis of report of the accounts in accordance wrth the requirements of the Charities Act 2011 {'the Act.). I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carying out my examination, I have followed the applicable Directions given by the Chanty Comrnission under section 145(5)Ib) of the Act. I have completed my examination. I confimi that no material matters have come to my attention in ¢onneclion with the examination which gives me cause to believe that in. any material respect.. accounting records were not kept in accordance with section 130 of the Act or the accounts do not accord with the accounting records Independent examinerfs statement I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached. Please delete the words in the brackets rfthey do not apply. Signed: Date: 151512024 Name: APW Pilkington Relevant professional qualification(s) or body lif any)- FCA Address: Randalls Cottage Chalford Hill, Stroud GL6 8LF Section B Disclosure Only complete if the examiner needs to highlight matters of concern (see CC32, Independent examination of charity accounts.. directions and guidance for examiners). IER October 201Q
Give here brief delails of any items that the examiner wishes to disclose. IER October 2018
CHARITY COMMISSION FOR ENGLANO AND WALES fvatt Dle8el Rtscrèation Society 1147032 Recei ts and ments accounts CC16a For the perfod from 01dan-23 31-D8c-23 To Unreslri¢led funds Re5triGted funds Endowment fund¥ Total fundi Lastyear toth• no•ro8t£ to the rbpareBt£ to ¢h• n8aTfjSt E Al Recel Income Ctsco Club Donation5 HMRC C1ftd tota 5Y1 315 1.280 39,030 6,740 47,937 38,055 6,740 45.366 975 116,293 12,192 128.465 s income 1570 set an see table None nvesth)ènt sa .57 7,937 .485 A3Pz ments Combined exwditu Adjustment rnent svaJYII 114,049 Sub total 23145 114.049 A4 A58et and investment Loan repaymen15 1,800 Sub total 1,800 1,800 25.645 25.645 115,849 Net of receipts/(payments) AS Transfers between funds A6 Cash funds last year end Cash funds thi$ year end 19.721 1,249 30.814 51,7 2,570 1.249 35.768 37,08 22.291 12,636 66.582 88.873 53,94 86.582 CCXX R1 accounts ISSI 1810512024
UnrestrictÈd fundA to near•st£ 51.784 Restricted funds Endowment fund to near0$1 E Categories Oetalls 81 Cash funds Main acnI Ctrco CltsbwJnt EleGth(xl cubide nt her resiricied eXrtuxmt T&thandleraccoJN RollifwJ chassis ac¢tyJnt 326 4.843 968 3.040 23.975 4.137 Paypal I Pa? Total cash fvnds 51,784 37.089 XC1%1) OK Unrestricted funds OK OK Endowment funds to neaYèt E Restrlcted funds to nearest£ Oetslls GIftAd accn f12 Other monetar¥ assats 4.214 F¥od to hl¢h set bdon Details None Cost Iwonall eurrgnt v•luo ional B3 InvoStmÈnt assets Fund io whlch Details Cost loptiomall urrent value B4 Assets rttsinèd for thg charity's own use 102,OC CCXX R2 arujunts ISSI 1610512024