**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 ## **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** **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