2022-03-31-accounts

RegistratK)n Number.. 07515469 CANALSIDE HERITAGE CENTRE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 IAARCH 2022 Charity No: 1155914 *A8IG3PIV6' 08112r2022 COMPANIES Fk)USE A16

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CANALSIDE HERITAGE CENTRE CONTENTS Legal and Administrative Inforrnation Report of the Twstees Report of the Independent Examiner Staternent of Finan¢ial Activibes Balar￿e Sheet Notes forming part of the Financial Activities 7-11

CANALSIDE HERITAGE CENTRE LEGAL AND ADMINISTRATIVE INFORMATION TRUSTEES Mr S Craven Mrs J Scaddan Mr J Owen MBE Mr G Hop¢roft Mr M Dodd Mrs K Foale OIRECTORS Mr S Craven Mr M Dodd Mrs K Foale Mr G HoFcroft Mr J Owen M8E Mrs J Scaddan COMPANY SECRETARY Mr M Dodd REGISTERED CHARITY NUMBER 1155914 REGISTERED COMPANY NUMBER 07515469 REGISTERED OFFICE Weir Cottages, Canal Side. Beeston. Nottingham, NG9 1LZ INDEPENDENT EXAMINER Baldwin Cox Limited. 15 Foster Avenue. Beeston, NottiThJham. NG9 1AE BANKERS HS8C, The Square. Beeston. Nothngham. NG9 2AN

CANALSIDE HERITAGE CENTRE REPORT OF THE TRUSTEES The Trustees submit their annual report and the financial staternents ft)r the year ended 31 March 2022. The Trustees Report and accoun15 have been prepared in accordance with the Statement of Recommended Pwtice.. Accounting and Repybng by Charit*s March 2016. Reference and adminlstratlve delails Reference and adminislrative details are shown in the schedule of members of the Board and professional advisors on page 1 of the ffinancial slalements. Canalside Hentage Centre is registered with the Charity Commi￿on under Ihe name Canalside Heritage Centre. Structure. Gov•rnan¢e and Management The Charty ts a regISte￿d charity govemed ty a trust deed and was sel up on 3 February 2011 and registered as a charity on 24 February 2014. The Trustees consider the risks faced by the Canalside Heritsge Centre annually through a risk register focusing on all financial and non-financial risks with the Chanty. Through annual review of its Reserve5 Policy which is seen a5 a key step in that risk management proce55. Aims and Objeclives The charitable objeclNes of canalS￿e Herita9e Centre are for the public benefit, the advancement of education and the preservalion of historical hentage by the construction. management and maintenance of a heritsge museum, resource centre and exhibrtion gallery in Beeslon. Specifully the charity aims are.. a. To rer￿vate and restore four derelict cottages Icwca 1796) into sustainable use as a heritage. educational and arts Centre for Ihe use of the local communrty. schools and general public. b. To proV￿e a museum that will detail and highlighl the hentage of the area. by a¢¢urately reflecting the historical signfficance and importance of the lock keeperfs house, cottages. the canal ne￿ork and their relatKJnship with the developrrenl of Beeslon Rylands. c. To provide a leaming Centre for use by thals. historians and a￿sts to pass on relevant skills. knowledge and memories via interviews. le￿￿5 and visual presentations. d. To set up an allotffEnt on existing kitchen garden land, adjacent to the Cottages, for local schools lo grow their ¢Jwn produce and to provide opportunities for them to leam about the history of allotments. and for#J prOduct￿n since the 16th century. e. To make the Centre a sustsinable stand-alone project by rentinglleasing designated, commercially - viable space. Al income generated by the Canalside Heritsge Centre will be applied towards its objects and for no other purpose. Finan¢i•l Review For the year ended 31 March 2022, the Canalside Heritage Centre had a deficit of £40.047 and ils Net Assets were £900,930 of which £198,692 was held in ¢ash and bank deposits. Resetves The Trustees have considered the ￿Ve1 of reserves held by Canalside Heritage Centre and consider 5atisfaetory lo enable it lo continue rts current actNib"es. Fundin9 Sources The principal funding sources in 2021122 was grant income from Ihe Hentage Lottery Fund of £37,400. The charity received donations from its trading Subsidiary of £33.093 and voluntary donations toward the specific and operations of the Centre of £3,274.

CANALSIDE HERITAGE CENTRE REPORT OF THE TRUSTEES Icont,) Independent Exarniners Bar¢￿in Cox Ltd has offered them*fves as Independent Examiners of the charty. Responsibilities of the Trustees The Charity's Trustees are responsible for preparrng the Trustees Annual Report and the financial slalemenls in accordance with appli¢able law and Unrted Kingdom Accounting Standards {Uniled Kingdom Generally Accepted Accounting Pracb'eel. Company Law appltsble lo charities in England and Wales requires the Trustees lo prepare financial slalemenls for each financial year whth give a true and fair view of the stste of affairs of the charity and of the incoming resourees of the charty for that perh)d. In preparing these financial slaternents. the Trustees are required to.. select suitable accounting policies and then apply them consistenty: observe the methods and principles in the Charitses SORP.. make judgements and ests"males that are reasonable and prudent state whether applicable accounts.ng standards have been followed, Subject lo any material departures disclosed and explained in the financial slatemenls- e. prepare the financial statements on the going con¢em basis unless il is inappropriate lo presume that the tharity will continue in operatKJn. The Trustees are responsible for keeping proper accountsng records that disclose with reasonab accuracy al any lime the finanaal position of the Charity and enable them lo ensure that the financial statements comply with the Charitses Act 2011 and the Charity (Accounts and Reports) Regulations 2008. The Trustees are also resFonsible for safeguarding the assets of the Charity arHI hence for taking reasonable steps for Ihe prevention and detection of fraud and other irregularrties. In so far as the Trustees are aware.. there is no relevant audit information of which the charity's auditor is unaWa￿-, and b. the Trustees have taken all slep5 they ought to have tsken lo make themselves aware of any relevant avdit informatson and lo establish that the auditor is aware of that information. The Trustees have gNen due ¢on5ideration to the ChaTty Commission PLEblished guidance on the operats'on of the public benefit requiremenL This r8PQrt was approved by the TNstees on .. .. S. Craven Chairperson Canalside Herrtage Centre

CANALSIDE HERITAGE CENTRE INDEPENDENT EXAMINERS, REPORT TO THE TRUSTEES OF ThE CANALSIDE HERITAGE YEAR ENDED 31 MARCH 2022 I report on the accounts of the Chanty for the year ended 31 March 2022, whth is set out on pages S 10 11. RESPECTIVE RESPONSI8ILmES OF TRUSTEES AND EXAMINER The Charity's trustees are responsible for the preparat￿￿ of the accounts. The Charity's trustees ¢onsider that an audit is not required for this year under secb'on 144 of the Charities Act 2011 (the Charib'es Adl and that an independent examinat)n is needed. It is my responsibility lo.. examine the accounts under sttts.on 145 of the Charities Ac( to follow the procedures laid down in the general directions gwen by the Chanty Commission {under section 145{51{bl of the Charities Act). and to slate whether particular matters have come lo my attention. BASIS OF INDEPENDENT EXAMINER'S STATEMENT My examination was carried out in accofdance with general directions given by the Charity comrni5s￿n. An examination includes a review of the accounting records kepl by the Chanty and a compari50n of the accounts presented with those records. 11 also includes considerats'on of any unusual items or disclosures in the accounls. and seeking explanations from trustees concerning arsy such matters. The procedures undertaken do not provhle all the evidence that would be required in an audit, and consequently no opIn￿n is given whether the accounts present a.true and farf view and the report is limited lo those matters set out in the stslemenl below. INDEPENDENT EXAMINER'S STATEMENT In connection wth my examination. no matter has CO￿ to my attentw)n: 11 which requires me ￿asOnable cause lo believe that in. any material respect. the requirements.. to keep accounting rewds in accordance with sectw)n 386 of the Companies Act 2006; to prepare a¢¢ounts which accord with the accounting records and comply with the accounting requirements of section 396 of the Companies Act 2006 and with methods and principa15 of the Statement of Recomrrended Pfa¢tice Accounting and Reporting ty Charities have not been nl'. or 21 to which, in my opinion, attention shoukd be drawn in order to enable a proper understanding of the accounts to be reached. Andrew P Crossley FCA Baldwin Cox Limited 15 FosterAvonue Beeston Nottingham NG9 1AE

CANALSIDE HER￿AGE CENTRE STATEMENT OF FINANCIAL ACTMTIES FOR THE YEAR ENDED 31 MARCH 2022 Note Unrestrithd Re¥stricted Total Funds Total Funds Fund$ Funds 2022 2021 In¢oming Resources In¢oming R¢sour¢es from generating funds: Voluntary income- Grants Voluntary income- DoDab"ons Voluntary income- Fund raising Investment Incorne Gift from trading subsidiary 18A26 3,274 4.374 37,400 55,826 3,274 4,374 240,963 16,798 109 33,093 33.093 5.662 Total Incomlng Resources 59.172 37.400 96,572 263,532 Resources Exp¢ndfjd Charltable activitie5 Governance costs Depreciation 42,377 616 34,209 100,822 1,591 76. T06 1.467 34,656 975 Tolal Resources Expended 59,417 7r,202 136,619 112,829 Net Incoming Resources Before Taxation Taxation (245) 139,802) (40,047) 150. 703 Net Incoming R¢sour¢¢s After Taxation Balances brought forward at 31 March 2021 {245) (39,8021 858 738 {40.047 150, 703 T90 274 Balan¢¢5 ¢arried forward at 31 March 2022 81.994 818,936 900,930 940,97T All incoming resources and resources expended derive from continuing activth'es. The Notes on pages 7 to 11 form part of these Financial Stateffents.

CANALSIDE HERITAGE CENTRE BALANCE SHEET- 31 MARCH 2022 2022 2021 Notos FIXED ASSETS Tangible Fixed Assets Fixed Asset Investments 684,189 718.398 CURRENT ASSETS Debtors and Prepayrrents Cash al Bank and in hand 21,028 198 692 219,721 61.930 t63 114 225,044 CREDITORS Amounts falling due within one year Total Net Current Asvts 216.740 222,578 900.930 940 977 The Total Nel Assets are represented as folkms.. FUNDS Unrestricted 10 81,994 82,239 Re$lrieted 11 818 936 858,738 940.9T7 APPROVED ON BEHALF OF THE TRUSTEES ON For the financial year ended 31 March 2022 the cornpany was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small cornpanies_ The trustees a¢knowledge their responsibilities for ¢omptying with the requireTr£nts of the Act with respect to accounting records and the preparation of financial stalements. The Members have not required the company to obtain an audr( of ils financial statements for the year in question in accordance with section 476. These financial slalements have been prepa￿d in accordance wrth the provisiins applicable lo companies subject lo the small companies, regime. Th financial statements were approved by the board of trustees and authorised for issue on d are srgned on rts behalf by.. S. Craven- Trustee Cornpany Registrntion No. 07515469 Charity No. 1155914 Thè Notes on pages 7 to 11 fomi part of these Financial Ststemenls

CANALSIDE HERITAGE CENTRE NOTES TO THE FINANCIAL STATEMENTS- 31 MARCH 2022 A¢countlng Policles Company infornlation Canalside Heritage Centre is a private company lirniled by guarantee incorporated in England and Wales. The registered office is Weir Cottages. Canal SJe, Beeston. Nottingham, NG9 1 LZ. Accounting convention These financial stslemenls have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" {'FRS 102.), the Charities SORP FRS 102 and the requirements of the Companies Act 20C6 as applicable to companies subiect lo the small compan￿$ regime. The disdosure requirements of section 1A of FRS 102 have been applied other than where additK)nal disclosure is required lo show a true and fair VEW. The financial staiements a￿ prepared in sterling, whith is the fvnctNJnal currency of the ompany. Monetsry amounts in these finan¢ral 5tements a￿ founded to the nearest £. The financial statements have been prepared under the hislorul cost convenb"on. modified to include the revaluation of freehokl properties and to include inveslmerbl properbes and certain financial instruments at fair value. The principal accounling p)licies adopted are set out below. The company has taken advantage of exemption under $ects"on 399 of the Companies Act 20Cfj not to prepare consolidated a¢¢ounts, on the basis that the group of which Ihis is the parent qualifies as a small group. The financial statements present infomiats.on about the company as an individual entity and not about ils group. Incoming Resources Voluntary income including grants and donations is re¢ognised in the Statemenl of Financial Activities in the period in which the charity is entrtled to the receipt and the amount can be measured with reasonable certainty. Investment income is recognised on a receNable basi5. ResouT¢es Expended All expenditure is recognised when a liabilty ts incurred. Charitable expenditure includes all expenditure asscciated with the p￿serVation of historical heritage by the renovabon and construrtion of a heritsge museum. Governance ¢osls include those incurred in the govemance of Ihe chanty and its assets and are primarity associated wilh meeting statutory requifements. Taxation Due lo the Scheme's Charilable slatus. there is no reserve required in respect of taxation. Fund Accounting Funds held by the charity are either. Unrestricted general fijnds. These a￿ the funds. which can be used in accordance with the charitable objects at the discretion of the Trustees. Restricted funds. These a￿ the fvnds. which can onty be used for particular restri￿ed purwses thin the objects of the charity. Restri¢tions arise when speofied by the donor or when funds are raised for a particular restn'cted purpose. Further explanation of the nature and. purpose of exh fvnd is included in the notes to the accounts. Designated funds are general fvnds sel asKle by decision of the trustees to meet commitments for future expenditure. or for fvnds invested in the functional assets of the charity.

CANALSIDE HERITAGE CENTRE NOTES TO THE FINANCIAL STATEMENTS- 31 ￿RCH 2022 Accounting Pollcies {continued Grant Income and Expenditure Grant income is included in the statement of ffinancial actNilies on a receipts basis. Grant expenditure is accounted for when the commitment is made. Tangible Fixod Assèts Tangible fixed assets are measured al cost and subsequentw measured at cost or valu*￿n, net of depreciation and any improvement bJsse$. Depreciation is re¢ognised so a5 to write off the cost or valuation of assets less their re5Klual values over their usefvl lives on the following bases.. Leasehold propety improvements Fixtures and fittj'ngs Over 25 years 25% on cost Fixed asset investments The cornpany has decided lo show the frrted asset investment at cost value. rather Ihan fair value, as the investment represents a 1¢)0% shareholding in its trading subsidiary which donates all of its taxable proffts lo Canalside Henlage Centre. Cash and Cash Equlvalents Cash and cash equivalents are basic finanual assets and include cash in hand, deposits held al call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts a￿ shown within borrowing in current liabilities. 1.10 Financial Instruments The company has elected to sp￿ the provisions of Section 11 'Basic Financial Instwments, and sectson 12 '0ther Finanual Instruments Issues. of FRS 102 to all of rts financial instruments. Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the inslrumenl. Financial assets and liabilities a￿ offset with the net amounts presented in the financial slaterrEnls. when there is a legalty enforceable rKJht lo set off the re¢ognised amounts and there is an Intent￿)n to setue on a net basis ¢y to realise Ihe asset and settle the liability simultaneousty. Basic Financial Assets Basi¢ financial assets. which include debt0￿ and cash and bank balances. a￿ inilialty measured al Iransaclion price including transaction costs and are subsequently carried at amortised cost using the effective interest methcd unless the artangemenl constilules a financing transaction. where the transaction is measured at the present value of the future receipts discounted at a market rate of Inte￿St Financial assets classified as receivable within one year are not amortised. Classification of Financial Liabilities Financial liabilities and equity instruments are Classif￿ aco)rding to the 5ub$tsnce of the ¢onlractual arrangements entered into. An equtty instrument is any contract that evidences a re$￿Ual interest in the assets of the coryany after deductirKJ all of its liabilrtbes.

CANALSIDE HERITAGE CENTRE NOTES TO THE FINANCIAL STATEMENTS- 31 MARCH 2022 Accountlng Policies (¢ontinued) Basic Financlal Liabilitles Basic financial liabilities, including creditors. bank loans. loans from fellow group ¢ompanie$ and preference shares that are classffied as debL are inrtially recognised at transaction price unless the arrangement conststutes a financing transaction. where the debt instrument is measured at the present value of the fvture payments discounted al a market rate of interest. Financial liabilrties classified as payable within one year are not a￿rtIsed. Debt instruments are subsequentty carried at amrtised cost. using the effecb've interest rate method. Trade ¢￿d￿orS a￿ obligations lo pay for goods or servKes that have been acquired in the ordinary course of business from suppliers. Amounls payable are classified as current liabilities rf payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised In￿"al￿ at transaction price and subsequently measured at amortised cost using the effecbve interest methc4J. Employees The average monthty number of persons (induding directors) employed by the ¢ompany during the yearwas 1012021- 8). Charitable Actlvities 2022 2021 Activities directty undertaken Support activilE$ 100.822 11)0,822 76. 706 76. 706 No truslees received any remuneration during the year {2021- £nill. Stsff costs were paid in the year tolalling £63,909 {2021- £55,838). Governance Costs 2022 2021 Accountancy fees Legal fees 1.591 1,467 1.467 Taxation 2022 2021 United Kingdom corporation at 19%

CANALSIDE HERITAGE CENTRE NOTES TO THE FINANCIAL STATEMENTS- 31 MARCH 2022 Tangibl• Fixed A$$ets Leasehold Fixtures Property and fittlngs Improvements Total Cost Al 1 April 2021 Additions At 31 March 2022 852.362 1.788 854.150 852 362 Depreciation and lrnprovement At 1 April 2021 Depreciation charged in the year At 31 March 2022 133,964 34.209 168 173 1,788 13S,7S2 34.209 169 961 Carrying Amount Al 31 March 2022 At 31 March 2021 684,189 718,398 684.189 718398 Fixed Asset Investments 2022 2021 Investments The above represents the 1(x)% 5harehokJing in the subS￿lary trading company CHC Beeston Enterprises Limited. a Company registered in England and Wales. Debtors 2022 2021 Owed from subsidiary Owed to related paty Prepayments 20,683 1S0 195 60,931 150 849 61,930 Credltors Falling Due Wrthin One Year 2022 2027 Accruals other taxation and social securty 1,200 1.200 1,266 10. Unrestricted Funds Balance 1 April 2021 Incoming Resources Resources Expended Balance 31 March 2022 General Fund 59172 10

CANALSIDE HERITAGE CENTRE NOTES TO THE FINANCIAL STATEMENTS- 31 MARCH 2022 11. Restricted Funds Balance 1 April 2021 Incoming Resources Resources Expended Balance 31 March 2022 Building renovatKJn 202 818 936 12. Anatysls Of Net Assets Belween Funds Unfestrlcted Funds Restricted Funds Tolal Fixed assets Current assets Creditors.. amounts falling due within one year 684,189 135,910 684,190 219.721 83,811 1,818 81,994 818.936 900,930 13. Controlling Party During the year CanalSh￿e Hentsge Centre was Control￿ by the Truslees. 14. Members And Llability The Chanty is a prNate coffyany limrted by guarantee and consequendy d￿9 nol have any share capital. Each member is liable lo contribute an amunt not exceeding £1 towards the amounts of the Charity in the event of liquidalton. 15. Subsidiary During the year the wholty owned subsidiary. CHC 8eeston Enterprises Limited, gifted £33.093 12021 £5,662) to Canalside Heritage Centre. Al the year en(i CHC Beeslon Enterpnses Limited owed CanalsNJe Heritage Centre £20,683 12021 - £60.9311. This loan is interest free and is repayable in demand. At the year end the company was 04ved £150 (2021 - £151 by Trent Arch (company nun*er 117538801. This company is controlled by a director of Canalside Heritage Centre. This loan is interest free and B repayable on demand. 11