CHARITY REGISTRATION NUMBER: 1152078 NEWARK HERITAGE BARGE Charitsble Incorporated Organlsatlon ANNUAL REPORT AND ACCOUNTS YEAR ENDED 31 MAY 2025 TRUSTEES ANNUAL REPORT YEAR ENDED 31 MAY 2025 TheTrustees present their Report and the Independentty Examined Financial Statements of the charity for the year ended 31 May 2025. REFERENCE AND ADMINisfRATIVE ￿All5 Registered charity name: Newark Heritage 8arge Charltable Incorporated Organlsatson Charity registration number: 1152078 Principal office: 24 The Weavers, Newark, NG24 4RY TRUStEES James Wllkinson (Chairman) Paul Ainsworth Dorothy ilritton Margaret Catley Leslie Reid IProJect Leader> Honorary ffreasurer: George Robinson Membership Secretary: Mike Reid Independent Examiner: Andcew Brett srRucfuRE, GOVERNANCE AND MANAGEMEN[ Trust Deed and Objectives The Charitable Incorporated Organisation wa5 registered on 17 May 2013 as a successor to the 'Friends of the Newark Heritage Bargg and 55 Registered Charity No.1152078. The principal objectives of the Charity • For the public benefit, the restoration, maintenance, and preservation of the last remaining dumb barge of the Trent Iknown as the LEICE5fER TRADER) for benefft of the present and future generations To advance the èducation of the public in the historical heritsge of the River Trent, in particular Ibut not exclusively) by the provision of a heritage centre aboard the LEICESTER TRADER and the collection and display of historic artefacts and archives. Governance The Charity is administered by a Board of Trustees, supported by volunteers. There are no employees. Trustees Recrultment and Tfalnlng New Trustees are recruited a5 needs arise and to ensure that an appropriate range of skills and experience is brought to the management of the Trust. Appointments are made by existing Trustees and training is given by them. Publlc Benefit The main beneficiaries are the public who visitthe preserved barge LEICESTER TRADER and learn about the heritage of commercial traffic on the River Trent and the vessels and people who supported it. also the volunteers who support the operation. Chalrman's Rewt It has been a good year. and we have made furth￿ progress With the project. Les has worked hard on a solution to ease entry with a mechanical lift for the entrance hatch. In July 2024 we had the opportunity at Newark Marina to get Leicester TradeT lifted on the 22 , pressure washad, sur4eyed, paintgd, and anodes f itted. We were r+launched with a clean bill of health all within three days, not losing any open days. This was nece55ary as we were nine years into our ten year agreement with our insurers, whowithout much notice informed us that they were no longer insuring vessels of our category. We are now good for another ten years with a new insurer. The remainder of the season went well and after the Dragon Boat races Leitester Trader was towed back to th the Weavers mooring on Monday 16 September in time for the AGM. Over the Winter, Les ha5 completed various L)Utstanding tasks in preparatioii for the 2025 seasoii, helped by Roy Jackson using steel fabrication skills. On the IY May ZQ25 we moved down to Town Lock where we tried Leicester Trader in the old Emergency Dock to make checks and measurements as that will be OUT future winter berth. Later we will work out how we can safety make a public access. We then pennÈd down and returned to our usual summer berth opposite the castle and started open day5 the following Sunday. A blg thank you to our surveyor lan Lumley and to fink from Hutchinson engineering for their further support this year. They were both similarly a big part of our rebuild in 2014/15. Finally, a bw thank yoii to Lès for hrs continued dedication to the project and to all members who ha helped with movements and Open Day5. The same thanks go to George Robin50n and Andrew Brett for keeping our finances and paperwork in order. James Wllklnson The Annual Report was approved by the Trustees on 23, September 2025 and signed on behalf of the Board of Trustees b￿. James Wilkin50n. Chairman Projert Leader's Report My diary entry at the last year end read . trying to sort out insurance" At the tirne I was expecting the renewal notice for our insurance in June, instead I got a short email advising our insurer5 were no longer covering vessels of ourtypel We were already nine years into our agreed ten term when our next drydock survey was due. I was left thinking we ￿Uld have to close unle551 could find another tnsurer quickly from scratch which I knew would be difficult. I had negotiated with another broker and we were nearly there having agreed a further year of grace following an afloat survey done by our previous surveyor lan Lumley. Delays were caused by underwriters needing more information, and more work. A chance mailshot from another broker landed on the doorstep. Thought I would give it a go, I called the mobile number which answered straight away. told him the 51tuation, and by the afternoon I had an answer and a better price than the first. So we went with them and phew, goy CO￿er a day bef(iie the other ran out, so we had cover for another year provided we were drydocked. In July, James saw an opportunity to do a crane share with another barge being lifted at Newark Marina, On the 21" after our Open Day we were towed to the Marina. On the Monday morning Hutchinson Engineering's crane arrived, lifted out a big barge on to a lorry, and LeicesterTrader was lifted out. washed and surveyed. On the Tuesday we were painted and some small jobs completed. On the Wednesday we were lifted back in and by the afternoon we were back at Riverside Park and most didn't realise we had been away. 50 we now are o.k. until our next docking in ten years. Open Days tlien contiiiued uiitil September with Heritage Open Day5 and the busiest day of all oli Dragon Boat race day, after that we brought Leicester Trader back to the Weavers for the winter. A Ebonc¢ me.etingwith Mark Willson, owner of Willsons printers., who l asked about a leaflet reprint. Glen Smolas created new artwork, and Willsons printed a batch free of charge and also the now popular childrens stickers. We held our AGM on board on the 9th October. In trying to make opening up easiet, l asked a local hydraulics company to flnd a solution but they didn't succeed. I located a type of electric lifting rnechanism and fitted it. That Is working now, and the hatch can be lifted without the need to go below and start the generator. My health problems over the winter prevented me from doing any more work until the Spring and we were a bit later than usual moving to the Riverside Park. On 15, May we moved Leicester Trader to town and did a test rnooring in the old Emergency Dock adjacent to Town Lock. This is where we have negotiated an agreement with Canal and Rivers Trust to be our safer winter mooring. At least there I ￿Von't need to be out In the night adjusting ropes with the river in floodl We then moved to our normal summer berth at Riverside Park and started another year of open days. Les ReSd, Project Manager Flnandal Revlew Ineorne Don3tions from the public on Open Days amounted to £584 and memberfs subscriptions £175. General donations of £1,020 were principally from an exceptional donation of £1,000 received via the Charity Aid Foundation. Further amounts of £235 came frorn fund-raising efft)rts and £283 from Gift Aid on qualifying donations and the Open Day receipts. Expenditure Costs associated with the 'Lei¢esterTraderf included £2,247 for survey and renewals, and £1,190 annual insurance, plus £954 for fire protection, entrance improvements aNI miscellaneous items. Total receipts of £2.297 were offset by £4,513 in operating costs plus £1,097 in depreciation, resulting in deficit of £3,303 The Balance Sheet shows £27,876 in fixed assets and £7,305 in current assets, total £35,181. Geor8e Robln$on, Treasurer INDEPENDENT EXAMINER'S REPORT TO IHE TRUSTEES OF THE NEWARK HERrrAGE BARGE CHARITABIE INCORPORATED ORGANI￿TIoN YEAR ENDED 31 MAY2025 I report to the Trustees on my examination of the financial statements of The Newark Heritage Barge C.l.O. I'the charity,) for the year ended 31 May 2025. RESPONSIBILITIESAND BASIS OF REPORT As the Trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 20111.the AcV)- I report in respect of my examtnation of the charity'5 financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have folk)wed all the applicable Directions given by the Charity Cornmission under section 145(5)(b} of the Act. INOEPENDEKf EXAMINER'S sfATEMEKr I have completed my examlnation. I confirm that no material matters have come to rny attention In connection with the examination giving me cause to believe that in any material respect: l. accounting records were not kept in respect of the charity as required by 5ertion 130 of the Act" or 2. the finan¢lal statements do not accord with those records. or 3. the financlal ststements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities IAccounts and Reports) Regulations 2(K18 other than any requirement that the accounts give a 'true and fair, view which is not a matter considered as part of an Independent examination. I have no concerns and have corne acr055 no other rnatters in connection with the examination to which attention should be drawn in thi5 report in order to enable a proper understsnding of the accounts to be reached. Date 23, September 2025 ANDREW C. BREfr FCA Statement of Financial Activltles for tht year endin9 3151 May 2025 2025 2024 Restrthd Unrestricted Total Totsl Incom8 £ 175.CKJ £ 584.33 £ 1,020.()J £ 282.69 £ 235.(Y) £ 175.00 584.33 £ 1,020.00 £ 282.69 £ 235.00 135.fKJ 999.62 £ 1.318.15 Donations- public open days Donations- general Gfft Aid Fundraising 255.00 Total incLITrO £ 2,297.02 £ 2.297.02 £ 2,707.77 Expenses Vessel & equipment crsts Insuran Administrth'on Fundrai6 Bank charges Depreciation £ 3.201.14 £ 1.190.00 £ 122.lYJ £ 3,201.14 £ 1,190.00 £ 122,00 £ 3,153.65 6*.37 117.23 11.00 32,07 £ 1,087.62 £ 709.13 £ 378.49 £ 1.087.62 Totsl Expenses £ 709.13 £ 4,891.63 £ 5,600.76 £ 5,097.94 Surplus (Def￿11} for year 709.13 03.74 Newark Heritage Barge CIO Balance Sheet on 31st May 2025 2025 2024 Hèrllage Ass01 Vessel 'Leic8ster Tradaf £ 17,000.00 £ 17,OlXI.00 £ 17,OcK).￿l Flxtd Assets Equipment (al cost) less Depreciation £ 16,314.30 -£ 5.438.10 £ 16,314.30 -£ 4 350.48 £ 11.￿.82 £ 10,876.20 Current Assets Cash at bank Cash in hand £ 7.199.60 £ 105.30 £ 9,472.72 48.30 £ 9,521.02 Curront Liabilities Creditors Not Current As8ets £ 7,3C4.90 £ 9,521.02 Net Assets £35,181.10 £ 38,484.84 Represented By Restricted Funds General Funds Total Funds Tolal Funds Retained Surplus at 1st June Surplus (Deficit) for ￿ar R8tain&d Surplus at 31 st May £ 24,800.48 709.13 £ 13,684,36 £.L2594 61 £ 38,484.84 3,303.74 £ 40,875.01 2.3￿.17 £ 35181.10 £ 38 484.84 George Robinson Treasurer James Imlkinson Chairman Notes to the Accounts l. These financial statements have been prepared on an accrual basis in compliance with Financsal Reporting Stsndafd 102, the Staternent of Recommended Practice applicable to Charities (SORPI and the Charities Att 2011 2. No member or close relative of a mernber of the Newark Heritage Barge C.l.O. has received or is due to receive any payment out of funds other than out-of-pocket expenses. 3. Plant and equipment costing £500 or more is depreciated over a four-year period by the straight-line method. An exception is made for the Generator instslled in 201912020 which is to be depreciated over a 15-year life, commencing in the year 202012021. The vessel 'Leicester Trader, 15 held as a Heritage Asset at purchase cost in accordance with SORP (FRS.102) sec.18, being an asset with historical and technological qualities held and maintained for its contribution to knowledge and culture. Asset register ot 31/05/2025 Item Year Purchased 201812019 201912020 Purchase Cost Cumulative Depreclatlon Book Value at 31 May 2025 £17,000.1)O £10,876.20 'Leicester Trader. Generator £17,0(K).00 £16,314.30 £5,438. 10 4. Restricted funds are funds designated for the purchase and equipping of the vessel 'Leicester Trader. and for the Generator pur¢hased in 2019.