## **ANCHOLME VALLEY HERITAGE TRUST LIMITED** ## **TRUSTEES’ ANNUAL REPORT & FINANCIAL STATEMENTS** ## **FOR THE YEAR ENDING 30 NOVEMBER 2021** ## **CONTENTS** |Company/Charity Particulars|Page 2| |---|---| |Trustees’ Report|Pages 3-7| |Statement of Financial Activities|Page 8| |Balance Sheet|Page 9| |Notes to the Accounts|Pages 10-13| |Charity Independent Examiner’s Report|Page 14| **Company Number 08764973 Charity Number 1157731** ## **ANCHOLME VALLEY HERITAGE TRUST LIMITED** ## **COMPANY/CHARITY PARTICULARS FOR THE YEAR ENDING 30 NOVEMBER 2021** Directors & Trustees Chair W Trevor Richardson Vice-Chair Kay F Rothery Stuart Chandler Patricia A Hildyard Patricia A Horton Paul J Johnson Christine M Robinson A Robert Waltham Company Number 08764973 Charity Number 1157731 Charity also known as Brigg Heritage Centre Registered Office The Angel (First Floor) Market Place Brigg North Lincolnshire DN20 8LD Telephone 01724 296771 (Heritage Centre) Email briggheritage.centre@northlincs.gov.uk Website http://www.briggheritage.org/ Banker Barclays Bank Scunthorpe Branch Charity Independent Examiner Acara Accountancy Hadley Ridge, North End Goxhill North Lincolnshire DN19 7JX Page 2 ## **ANCHOLME VALLEY HERITAGE TRUST LIMITED** ## **TRUSTEES’ ANNUAL REPORT** ## **FOR THE YEAR ENDING 30 NOVEMBER 2021** The trustees, who are also the directors of the charity for the purposes of the Companies Act, submit their annual report and the financial statements of the charity for the year ended 30 November 2021. ## Statement of trustees’ responsibilities Company and charity law require the trustees to prepare accounts for each financial year or period that give a true and fair view of the state of the affairs of the company and of the surplus or deficit for that year. In preparing those accounts the trustees are required to: - Select suitable accounting policies and then apply them consistently. - Make judgements and estimates that are reasonable and prudent. - State whether applicable accounting standards have been followed, subject to any material departures being disclosed and explained in the accounts. - Prepare the accounts on the going concern basis unless it is inappropriate to presume that the company will continue business. The trustees are responsible for keeping proper accounting records which disclose, with reasonable accuracy at any time, the financial position of the company and enable them to ensure that the accounts comply with the Companies Act 2006. They are responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. ## Objectives, principal activity & organization structure Ancholme Valley Heritage Trust Limited is a company limited by guarantee incorporated on 6 November 2013, and registered with the Charity Commission on 4 July 2014. The charity’s objects, stated in its Memorandum and Articles of Association, are to facilitate and advance the education of the general public, schools and community groups in all aspects of heritage, arts and culture primarily, but not exclusively, in the Ancholme Valley. The charity is also known as Brigg Heritage Centre. The charity/company is overseen by a Board of Trustees who are also its Directors. It has one paid manager who is responsible to the Board for day-to-day operations plus volunteer recruitment and supervision. The trustees are aware of the Charity Commission’s public benefit guidance and have taken it into account when exercising any powers or duties to which the guidance is relevant. ## Trustees/Directors Trustees of the charity are also directors of the company and are appointed at the Annual General Meeting (AGM) with casual vacancies during the year filled by co-option. Names of the current trustees, and all others who served during the year being reported, are listed on page 2 along with the dates they served if not for the full year. The company is limited by guarantee, rather than share capital, so no trustees hold any shares in it. The Board regularly reviews training course information provided by Voluntary Action North Lincolnshire of which the charity is a member. Relevant courses are reported to board meetings along with clear recommendations about who would benefit by attending. Trustees are encouraged to attend wherever courses are appropriate. Page 3 ## **ANCHOLME VALLEY HERITAGE TRUST LIMITED** ## **TRUSTEES’ ANNUAL REPORT** ## **FOR THE YEAR ENDING 30 NOVEMBER 2021** ## Risk Management The Board holds formal monthly meetings with a printed budgetary report considered each quarter along with the charity’s five-year financial plan. These documents highlight any upcoming financial risks along with proposals for their mitigation. A risk management policy was adopted and incorporated in the charity’s corporate plan, which was completed during the year. This is now also reviewed on a regular basis. The following policies and procedures have been adopted and are kept under regular review: Internal Financial Controls; Counter Fraud Strategy; Fraud Response Plan; Registration of Interests; Financial Reserves; Employee Disciplinary; Safeguarding Children; Equality, Diversity & Inclusion; Health & Safety; and Privacy. Appropriate public liability and employer’s liability insurances are maintained. ## Review of the year At this time last year we commented on the impact of Covid-19 - which was not at that point referred to as a pandemic, a term now in common parlance - during the 2019-20 financial year. We were still very much in limbo at that time as the country was entering yet another full lockdown, not knowing quite what the future was to hold. No one could have quite forecast that, twelve months on, the position is still very unsure. It has been another difficult year for the charity, and organisations like us, to gain any real momentum and to make positive plans as we move forward. It has felt very much like a stop-start year and we have needed to appreciate that many of the general public are still nervous and therefore apprehensive about visiting facilities such as ours. This having been said, our visitor numbers are not as poor as we might have feared. In the six months since re-opening 1,073 people came through the doors and, given that our last ‘normal’ full year two years ago saw figures of 2,900, that is probably a reasonable return. Let us hope that things continue to improve in 2022. It is easy to become despondent about the situation but we still have every reason to anticipate that the future will be bright. First of all, we can again report a very strong financial position with income for 2020/21 exceeding £55K (excluding in-kind donations). Again more than £41K of this arose from further support from Government Covid-19 intervention grants and job retention funding and we have to be fully mindful that this is now almost certainly at an end. However, we can take confidence from the fact that some of our own fundraising activities have been successful and be optimistic that these can be developed. But it will take much endeavour and imagination to achieve. This time last year we stated that ‘We must not have any illusions of the future challenges which await us.’ It is worth reiterating that this thought still applies today. We re-opened in the middle of May and this has not been without its difficulties. A carefully thought-through risk-assessed operation was put in place with the necessary precautions of social distancing, use of masks, regular hand-washing and sanitisation. The volunteers have risen to the challenges magnificently and have been hugely instrumental in helping us get back to some kind of normality. Again we can only hope that the pressures will ease in the not-too-distant future. Despite the obvious problems and constraints that Covid has brought, we have tried to bring some much-needed normality back to life at the Heritage Centre. In particular, we have sought to continue and even strengthen our role as a much-valued community organisation, delivering exciting events, exhibitions and activities to the general public. Page 4 ## **ANCHOLME VALLEY HERITAGE TRUST LIMITED** ## **TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDING 30 NOVEMBER 2021** ## **Events** Internationally celebrated and locally-born folk singer, Martin Simpson had been due to give a sold-out concert, organised by ourselves, at the Angel at the end of March 2020. The first rumblings of Covid had unfortunately led to this being postponed with just a few days’ notice. After several stops and starts, we finally managed to hold this event at the end of September 2021, eighteen months to the day since its original date. A phenomenal effort was needed to organise refunds for those original ticket-holders who could not make the event, and then subsequently to sell new tickets to get the event back up to full capacity. But all who attended would agree that it was a wonderful success and very much worth the wait with Martin entertaining us with his diverse brand of music and some fascinating stories of his life as a world-class entertainer. The whole Covid issue has still not been resolved of course, but we remain committed to significantly increase the number and quality of both talks and events in the future. They have increasingly become a significant source of income for the Heritage Centre. But, more importantly, the quality we have achieved across an increasingly extensive and varied set of events has raised our profile and enabled us to reach out to the wider community. People have now come to expect more from us than simply a place to visit. We have become one of the area’s main providers of this kind of event. ## **Exhibitions** The main permanent exhibitions have been maintained and kept open to the general public since our re-opening in May and it was also at this time that our postponed pop-up exhibition from 2020 celebrating the centenary of 1st Brigg Brownies was opened at last. The colourful woodland-themed exhibition, linking with Brigg Brownies’ current activities, proved very popular with today's Brownies and through earlier generations of parents and grandparents. We participated once again in Lincolnshire Heritage Open Days and this year's theme of Unheard Lincolnshire Stories gave us the opportunity to tell the very diverse stories of some of the extraordinary lives of local people. To name just a few, the exhibition highlighted stories of refugees who were expelled from Uganda, a rat catcher who took stoats and weasels to New Zealand to control the rabbit population and a railway worker who saved Brigg from total destruction. ## **Room Hire** Given all the difficulties we have had during the year, room hire has actually been, relatively speaking, a good area for us, providing much-needed income from bookings in our two venues: the Heritage Centre itself and the Buttercross. Again much work was needed to ensure that the venues remained Covid-secure, but we soon got back to attracting many regular bookings, from which we have derived a significant income. We still have, as our mainstays, the children’s theatre group, a children’s dance school and a play therapist - all of whom use our facilities on a term-time weekly basis. Other occasional bookings in both venues have augmented our income and we can be relatively optimistic that this will continue to be an area which we can develop. It was also very pleasing to see that, despite the obvious difficulties and challenges, the number of bookings for weddings in the Buttercross has grown year on year. ## **Shop Sales and Card Transactions** During the last few months we have started to introduce new ranges of products from some high-quality local suppliers: ‘A Little Bit of Lincolnshire’, selling premium Lincolnshire foods; ‘The Artisan Room’, with a range of attractive giftware; and Page 5 ## **ANCHOLME VALLEY HERITAGE TRUST LIMITED** ## **TRUSTEES’ ANNUAL REPORT** ## **FOR THE YEAR ENDING 30 NOVEMBER 2021** ‘Pebblecraft Pictures’, producers of fun, quirky art. Despite the lack of visitors to the Centre, these have nevertheless proved to be relatively popular and have certainly contributed to an increase in shop profits. As more people return, we are confident that sales will continue to grow and we are committed to look out for other local providers to develop an exciting range of goods. During the year, we invested in a card reader together with the associated equipment from the company Zettle. As well as giving more options to our customers when purchasing shop goods, tickets and much more, it has helped enormously with our stock inventory requirements. The Trustees maintain their policy of growing all of the current activities and of seeking new opportunities to further raise the Heritage Centre’s profile and status within the community and further afield. In addition, we are firmly committed to restoring some of the activities which still remain on hold, for example: - Children’s craft activities and workshops - Children’s Christmas programme - Educational visits - Visits to the Centre by local groups and organisations ## **Risks, Issues and Challenges to the Charity** The Covid-19 pandemic is not over but we have now been open to the public for six months. However, visitor numbers have been very low during this time as people remain cautious and nervous about visiting indoor hospitality locations such as ours. We have managed to re-develop a certain momentum although we cannot be naïve in our assessment. It could still take a considerable length of time before we are approaching anything near the level of visitor numbers, activities and corresponding income as before. Whilst income from room hire is holding up well, it is unrealistic to expect that we will be hosting many of the large-scale events, which as well as being prestigious for the charity and putting us in the public eye, were also increasingly profitable. However, in a twist of fate this has led to us being in a more secure financial position than at any time in the charity’s history and much of this is down, of course, to the considerable Covid grant income which we again received from North Lincolnshire Council, some £35K, together with just over £6K from the HMRC Job Retention Scheme. As we have stated elsewhere, this will not be available to us in the longer term, but it does mean that at the end of the financial year there is in excess of £82K in our bank accounts. Planning and prudent use of this funding should ensure the survival of the charity for several years to come. A new Reserves Policy should reflect how best to achieve this. It should go without saying that this gives us the opportunity to further generate our own independent income by continuing and developing current funding streams and by seeking others. For example, the charity should continue to pursue grant funding applications with external bodies, although the Trustees are well aware that grant funding for core costs is always difficult to access. The main challenge for the Trustees this year is the fact that the current manager, whose contract was extended for a final period up to 20th May 2022, is now leaving, probably within the first three or four months of the new financial year. As the Trustees write this Annual Report, recruitment is under way. It is well documented within the media that this is a difficult time for employers to recruit, but every effort must be made to find a suitable Page 6 ## **ANCHOLME VALLEY HERITAGE TRUST LIMITED** ## **TRUSTEES’ ANNUAL REPORT** ## **FOR THE YEAR ENDING 30 NOVEMBER 2021** replacement who can maintain some of the successes of the past few years and hopefully identify and bring to bear new opportunities. ## Reserves Policy The current policy was reviewed and re-stated on 10/03/2021 taking into account the effect of Covid-19 on funding and activity levels. It acknowledges the potential need to utilise reserves to maintain activities whilst covering all employee entitlements and other contractual commitments in the event of a winding up. This policy is to be reviewed further by Trustees once the post-Covid situation is clearer. For the year reported, the closing unrestricted reserves, excluding tangible fixed assets but including designated funds, had increased by £31K to over £81K. ## Small Company exemptions This report has been prepared in accordance with the special provisions relating to small companies within the Companies Act 2006. Approved by the Directors and signed on their behalf by: Trevor Richardson Director 20 April 2022 Page 7 An¢holme Valley Herltage Trust Ltd Statemenl of Financial Activities for th• y•ar •nding 30 Nov•mb•r 2021 Unrestricted Re*tricte funds fundj 2021 Total 2020 Tolal Note Income and endowments Irom: 2,11 eii.383 .383 4T,￿8 8.082 4.812 Investments 19 10,299 10.299 12,105 Tolal income 78,767 78.767 64,744 Expendfture c￿. Raisng fijnds 45.987 343 46.330 44.012 715 715 Toi* 0￿gOIng resources 47,693 343 48.036 46,862 Net in¢¢)mellexpenditurel 31.074 13431 30.731 17.882 Tr￿$1￿5 l>etween funds 219 1219) Other recognized uainslllosses) Gamslllossesl on revalualKx) ollixed assets other g￿nSI{b$seS} Nei movemeni in funds 31.293 15621 30.731 17.882 Reconclllaiion olfunds: Tota lun(ts i¥wJhl 50,243 1.703 51.946 Total funds carried fcrfwwd 12 81.536 1.141 82.677 51,946 Cc*npany 08764973 - Chanty No. I lJ7731 PèJe 8 An¢holme Valley Heritage Trust Ltd Balan¢• Shttt as at 30 Nov•mb•r 2021 2021 2020 fixed asM¢• 224 183 407 275 Cwent asgd8 1.148 47.ffi6 82,248 84,829 $4.IC9 Cuwrmt li•blrtie# 10 {2.WJl 12.4&81 Net c￿ent 888ets 81270 51.671 Creditors beyond one year Nel Asset• 82,677 51,946 12. 13 81, 1.141 82,67T 9J243 1.703 51.946 The DI￿ ccthm that for the ￿r ended 30 Novembef 2021.. the Cc¥mpanywas entsued to exemptth trom audrt Lsnder Sectth 477 ofthe Cryiles Ad 20C6 llhe Act") reLitsng to Sm￿1 CO￿nieS. and the memL*rs have Ihe to obtain ￿ ahjrt of ts accants uThJer seC1K￿ 476 ofthe Act. Act wrth resrect to accountsro fecuds ￿lj the Weparat￿ cl acccwts. TW fin￿￿1 slalements have been prepwed in acccrfance vthh FWViSKffjS aWic*J lo ccrfnpanies subject to the smai ccrfrQan￿ regime and m accordance wth FRS102 SORP. These financk21 Staler￿nts ￿re by Directrs cm 20 2022 we on their behaN ty. W. Trevor F￿ChardS£ re￿1TnjStee Icharnl P•Jl J Jcthsc Direct(￿rustee The Trxes ￿ pages 10 10 13 fcffm part oflhese acc¢xfftts. e￿wanY No. 08764973 - Ch￿ty No. 1157731 Ancholme Valley Heritage Trust Ltd Notes to the Accounts for the year ending 30 November 2021 1 policies Bas￿ ol yeparation of fin￿la1 statement$ Irdw*J IFRS 1021, effe(*bt l Jmry 2019. ming resowc¢8 Fixed •s#et$ and deWrtIat￿. Fixture* & Eqilpn￿f Restsi¢ied lund$ 2 Grants & dcmtion* (all 2021 2020 23.480 21.820 2.201 307 1Tr*121 34.948 22.650 639 2.146 Donatso￿. rentfree kYenNX Dot)abort. othér 22.6 É39 2.146 .383 10 Ancholme Valley Heritage Trust Ltd Note5 to Ihe Accounts for the year ending 30 November 2021 3 Ch￿table Activity thci)me lal fiwwE5 Q 2021 )20 Fa¢dty 6.210 1.485 387 6.210 2.933 102 777 387 8.082 2021 2020 4.C61 NLC rate rel 4.212 6087 6.087 S Expendriure raising l￿d$ 2021 2020 1.988 6 ChNitable Ktivit￿3 (al 2021 18,824 347 X)20 17,891 319 18,824 347 cos.s￿ 318 318 41 21,820 97 97 453 1.175 1.175 37 136 331 Wet**e & IT 122 122 217 217 Irojwce 761 49 761 49 $1 18 231 f31 4S,987 343 44.012 7 Oiher EXP￿￿tt￿e lalfiwr•s 2021 715 )20 715 71S 715 P•Je 11 Ancholme Valley Heritage Trust Ltd Not•5 lo tho Accounts for th• y•ar •nding 30 Nov•mb•r 2021 8 Twible futd aatts (al fyw•5 1812 3.812 3.812 4.110 Cwe¢iaiion 1537 3,537 Char9e Jt 74 74 Net book value 224 4107 275 275 9 Deb¢(n 14 rw•s 2021 2020 439 49J 2.145 10 Cr¢tht¢YS l•lfiwrts 20 367 2020 Taxab)n & M 712 1.432 817 11 Donation in kind 12 F￿ Unrestrbded 37.e63 12, 78.767 147.6931 219 Restsicted Rcrtwy QI 13251 75 219 (2191 1181 P•Je 12 Ancholmt Valley Heritage Trust Ltd Notes io the Aeeounts for Ihe y￿r ending 30 Nèv•mb•r 2021 Tr& & to Brw fvn actswtses fact.fTh*vJ exui4su. 13 ol Tret a￿et8 between l￿dI lawfyns UnreStr￿ted Restsicted 407 81,129 1,141 82.270 81, 1,141 82,677 14 Efflplo)*t COJts fal 2021 19.236 2020 19.30) pe￿.￿ ¢¢¥)tr￿￿ INESTI 579 19,815 579 19,879 15 TnNtee• remwwaticffj expen￿ lin¢lwling relaied p¥ty 16 ￿eM￿r•. I￿lIty 181*"ityoI each memlxr is linrted to £10. 17 con￿ rel)tw•hy 13 ## **ANCHOLME VALLEY HERITAGE TRUST LIMITED** ## **Charity Independent Examiner’s Report** Report to the Trustees/Directors of Ancholme Valley Heritage Trust Limited on their annual report and the charity’s financial statements, as set out on pages 1 to 13, for the year ended 30 November 2021. ## **Respective responsibilities of trustees and independent examiner** The charity’s trustees are responsible for the preparation of its accounts. The charity’s trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (‘the Act’) and that an independent examination is needed. It is my responsibility to: - examine the accounts under section 145 of the Act; - follow the procedures laid down in the General Directions given by the Charity Commission under section 145(5)(b) of the Act; and - state whether particular matters have come to my attention. ## **Basis of independent examiner’s report** My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit. Consequently, I do not express an opinion as to whether the accounts present a ‘true and fair view’ and my report is limited to those matters set out in the statement below. ## **Independent examiner’s statement** In connection with my examination no matter has come to my attention: - 1 which gives me reasonable cause to believe that, in any material respect, the requirements - to keep accounting records in accordance with section 130 of the Act, and - to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Act - have not been met; or - 2 to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. John Guggiari FCCA 05 March 2022 Acara Accountancy, Hadley Ridge, North End, Goxhill, North Lincolnshire DN19 7JX **A** f f o r d a b l e **C** h ar i t y **A** c c o un t i n g , **R** e a l is t i c **A** d v i c e Page 14