2024-12-31-accounts - Ivatt Diesel Recreation Society

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

IVATT DIESEL RE-CREATION SOCIETY Charity number 1147032

TRUSTEES’ REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

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 01/01/2024 To 31/12/2024

Charity name: Ivatt Diesel Recreation 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 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, both 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. Discussions with third parties have been extensive, with the aim of accelerating work on the overall aim. Such third party work will take effect once final drawings have bene produced.

Additional information (optional) You may choose to include further statements	Additional information (optional) You may choose to include further statements	where relevant about:
Achievements against objectives set	Para 1.41	N/A
Performance of fundraising activities against objectives set	Para 1.41	Fundraising increased this year compared to the previous one, as expected.
Investment performance against objectives	Para 1.41	N/A
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 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

Trustee name	Office (if any)	Dates acted if not for whole year
TonyEllershaw	Chair
Andrew Hoseason	Secretary
Tony Brown	Treasurer
Michael Prince	AssistantTreasurer
Paul Etherington
Bernard Caddy
Mark Langley		08 April 2024
Adrian Bullock		08 April 2024

– 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 adviser Name Address	Names and addresses of advisers (Optional information) Type of adviser Name Address	Names and addresses of advisers (Optional information) Type of adviser Name Address
	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) ~~Za~~ Full name(s) Andrew John Hoseason Position (eg Secretary, Secretary

Chair, etc) ~~ee~~ Date 14 August 2025 ~~|~~

Ivatt Diesel Re-creation Society 1147032 Receipts and payments accounts CC16a For the period 01/01/2024 31/12/2024 To from ~~ee ee ee a~~ Section A Receipts and payments Unrestricted Restricted Endowment Total funds Last year funds funds funds to the nearest to the nearest £ to the nearest £ to the nearest £ to the nearest £ £ A1 Receipts - Co-Co Club 1,440 1,440 1280 Donations 98,171 7325 105,496 39030 Income 3,002 3,002 887 HMRC Gift Aid 4,214 4,214 6740 ~~===~~ Sub total (Gross income for AR) 106,827 7,325 - 114,152 47,937 A2 Asset and investment sales, (see table). - - - - Sub total - ~~TN ES EE =~~ Total receipts 106,827 7,325 - 114,152 47,937 ~~|~~ | ~~| |~~ A3 Payments Combined expenditure 39,941 - - 39,941 23,845 Sub total [ 39,941 ] - - 39,941 23,845 ~~eee | s| es~~ | ~~oe | eee~~ A4 Asset and investment purchases, (see table) Repayment of loan 1,800 - - 1,800 1,800 Sub total [ 1,800 ] - - 1,800 1,800 ~~SSE~~ Total payments ~~|~~ 41,741 - - 41,741 25,645 | ~~| |~~ Net of receipts/(payments) 65,086 7,325 - 72,411 22,292 A5 Transfers between funds - 49,053 49,053 - - - A6 Cash funds last year end 51,601 37089 88,690 66,398 Cash funds this year end ~~——~~ 67,634 93,467 - 161,101 88,690

CCXX R1 accounts (SS)

14/08/2025

Section B Statement of assets and liabilities at the end of the period	Section B Statement of assets and liabilities at the end of the period	Section B Statement of assets and liabilities at the end of the period	Section B Statement of assets and liabilities at the end of the period	Section B Statement of assets and liabilities at the end of the period	Section B Statement of assets and liabilities at the end of the period	Section B Statement of assets and liabilities at the end of the period
			Unrestricted			Restricted	Endowment
Categories	Details		funds			funds	funds
			to nearest £			to nearest £	to nearest £
B1 Cash funds	Main account		1,098			-	-
	Co-Co Club		-			392
	Electrical cubicle		-			4,183
	Deposit		61,532
	Telehandler		-			3,076
	Rolling chassis		-			81,630
	Wheel turning		-			4,186
	Paypal 1		- 158
	Paypal 2		-
	For future appeals		1
	Deposit		5,161				-
	*Total cash funds*	*Total cash funds*	67,634			93,467	-
	(agree balances with receipts and payments	(agree balances with receipts and payments
	account(s))		OK			OK	OK
			Unrestricted			Restricted	Endowment
			funds			funds	funds
	Details		to nearest £			to nearest £	to nearest £
B2 Other monetary assets			-			-	-
	Details		Fund to which asset belongs			Cost (optional)	Current value (optional)
B5 Liabilities B3 Investment assets B4 Assets retained for the charity’s own use	- - Fund to which asset belongs Cost (optional) Current value (optional) - 7,884 - 126,719 - 10,000 - 3,546 - 10,000 - 13,850 Fund to which liability relates Amount due (optional) When due (optional) Main Lloyds 2,550 01 May 2026 Details Interest-free £9k secured loan from a member re purchase and transportation of Sturgeon wagon Workshop equipment Details Containers Locomotive parts Motor vehicle Original photographs Rolling stock ~~ase~~
Signed by one or two trustees on behalf of all the trustees	Signature		Print Name	Print Name	Print Name		Date of approval
			Andrew Hoseason	Andrew Hoseason			14-Aug-25

CCXX R2 accounts (SS)

14/08/2025

Ivar CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts ••• Section A Independent Examiner's Report Report to the trusteesl members of Ivatt Diesel Re-creation Society On accounts for the year ended 31st December 2024 Charity no (if any) 1147032 Set out on pages I report to the trustees on my examination of the accounts of the above charity for the year ended 3111212024. Résponsibilities and As the charity trustees of the Trust, you are responsible for the preparation basis of report of the accounts in accordance with 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 carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145(5){b) of the Act. I have completed my examination. I confirm that no material matters have come to my attention in connection 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 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 if they do not apply. Independent examiner's statement Signed: Date: 1418124 Name: Mr APW Pilkington Relevant professional qualification(s) or body (if any): FCA Address: Randalls Cottage, Chalford Hill, Stroud GL6 8LF IER October 2018

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). Give here brief details of any items that the examiner wishes to disclose. IER October 2018