**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** |1
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20|**Trustee name**|**Office (if any)**|**Dates acted if not for whole**
**year **|**Name of person (or body) entitled**
**to appoint trustee (ifany)**| |---|---|---|---|---| ||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 1 |**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 2 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