2021-01-31-accounts

Trustees’ Annual Report for the period

From 1 February 2020 to 31 January 2021

Charity name: BANCROFT MILL ENGINE MUSEUM

Charity registration number: 1181038

Objectives and Activities

	SORP reference
Summary of the purposes of the charity as set out in its governing document	Para 1.17	To establish and maintain a museum to promote an interest in Bancroft Mill and its engines. To advance the education of the public in the history of cotton weaving and other related subjects of industrial or archaeological interest.
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 activities of the Charity in this period have been significantly curtailed by the COVID pandemic. In normal times the Museum is open weekly free of charge on a Saturday and the engines run under steam power at least 12 times a year. The Mill featured on national television in February: the potential for enhanced publicity was largely vitiated by the lockdown which affected us almost immediately afterwards. We have however utilised our period of lockdown to carry out a number of tasks which could not be undertaken with the public present. The weaving area has been enlarged and completely revamped, with a newly- donated additional loom installed and with all equipment relocated for better access. The old doors to the Bradley shed were removed and were replaced by a custom- built frame in readiness for the future improvements to the building frontage. Quotations for boiler and chimney repairs were sought in expectation of actions to be taken in due course.
Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit	Para 1.18	The attention of the Trustees has been drawn to this Guidance and they have had full regard to it.

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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	We continue to work to maintain the largest of the surviving mill steam engines in Lancashire, which is on display to all visitors. This makes a significant contribution to the local tourist economy. We continue to offer support to local schools particularly under the National Curriculum Key Stage 1 and 2 – local history – where we offer lectures to schools and we open the museum to school visits. (At the moment this activity is suspended but will restart after the Covid issues are resolved.) We also support local member groups such as history societies, by offering lecturing and opportunities for discussion and visiting.

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Achievements against objectives set	Para 1.41
Performance of fundraising activities against objectives set	Para 1.41	Our normal income during this current period has been significantly reduced by restrictions imposed during the pandemic. However, the £10,000 Government Grant for small businesses in the Leisure Sector has more than offset this.
Investment performance against objectives	Para 1.41
Other

Financial Review

Financial Review
Review of the charity’s financial position at the end of the period	Para 1.21	This charity, Bancroft Mill Engine Museum, was established as a CIO in 2018 to take over the assets and operations of Bancroft Mill Engine Trust (the Trust). The COVID pandemic drastically affected this, the period when the charity took over the running of the Museum from the Trust. Only one public steaming day could be held rather than the planned fourteen and the celebrations for the centenary of the opening of the Mill, which was planned and intended to be a major fund-raising opportunity, had to be postponed. Donation income was roughly half that received by the Trust in the previous period, but the efforts of one volunteer in particular in weaving and marketing tea towels raised our sales income by over 40% over the figure achieved for the previous year by the Trust. No major maintenance work (for example, to the boiler or chimney) had been planned for this period, so even with the much- reduced income there was a surplus of Normal Income over Expenditure of £6493. Our funds were further boosted by £10,000 received from central Government in the form of a COVID Business Support Grant. In addition to this, the charity received a cash transfer of £41,919 from the Trust, which will now be wound up as soon as practicable.
Statement explaining the policy for holding reserves stating why they are held	Para 1.22	Significant reserves are held in order that essential maintenance of the infrastructure, particularly the chimney, can be carried out. This is a vital part of our estate: without the chimney we cannot run the boiler and without that we cannot run the engines, so preserving the chimney keeps the Museum alive as well as preserving an architecturally significant local landmark which is now one of only a tiny number still existing. We are also building up reserves with a view to redeveloping the frontage of the Bradley Engine House. This is a long-term project which will upon completion see a greatly increased amount of space which we can devote to the public, be it for exhibition space or for some other use.
Amount of reserves held	Para 1.22	£50,000
Reasons for holding zero reserves	Para 1.22	N/A
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 have been identified

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The charity’s principal sources of funds (including any fundraising)	Para 1.47	More than £41,000 has been transferred to the Charity from the Bancroft Mill Engine Trust (Charity No 517795) which originally ran the Museum. This sum is clearly identified and accounted for. The principal sources of funding going forward are grants and public contributions by way of donations, purchases or admission charges.
Investment policy and objectives including any social investment policy adopted	Para 1.46
A description of the principal risks facing the charity	Para 1.46	Our income from paying visitors during the pandemic has been seriously curtailed. We would be in severe difficulty if the restrictions on opening were extended into 2021 and beyond. Our very viability depends on our visitors continuing to come. We are working to expand our presence on social media in order to try to counteract this reduction in footfall.
Other

Structure, Governance and Management

Description of charity’s trusts:
Type of governing document (trust deed, royal charter)	Para 1.25	CIO Constitution based on Charity Commission Foundation model
How is the charity constituted? (e.g unincorporated association, CIO)	Para 1.25	CIO established on 6 December 2018
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	Prospective trustees are selected on the basis of their perceived or known skill set. The existing Trustees are required to vote for the election of a prospective new Trustee. Additionally, one Trustee may be nominated by the local Town Council and another by the local Borough Council.

Additional information (optional) You may choose to include further statements	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	Those new Trustees who may not be familiar with the site, its personnel or the details of its activities, will be given a comprehensive initial briefing. A new Trustee would not, for example, on safety grounds be allowed to undertake certain activities until the Museum was satisfied as to their competence to do so. A new Trustee selected with a skill set aimed at such areas as promotion and advertising would still receive the basic briefing. We accept people as Trustees who have the required skills or experience, regardless of disability, sexuality or colour and make adjustments as necessary to accommodate their specific needs.
The charity’s organisational structure and any wider network with which the charity works	Para 1.51	We have a simple organisation in which, whilst there is a Chairman of the board of Trustees, all the Trustees share the responsibility for the management of the Museum and determine its policies. An Operating Committee of which approximately half are non-Trustee Volunteers, carries out the day-to-day running of the Museum in line with these policies. There is full and effective communication between the Trustees and this committee.
Relationship with any related parties	Para 1.51
Other

Reference and Administrative details

Charity name	Bancroft Mill Engine Museum
Other name the charity uses	Bancroft Mill
Registered charity number	1181038
Charity’s principal address	Bancroft Mill, Gillians Lane, Barnoldswick, Lancs, BB18 5QR

Names of the charity trustees who manage the charity

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20	Trustee name	Office (if any)	Dates acted if not for whole **year **	Name of person (or body) entitled to appoint trustee (if any)
	TimothyHerbert Maudsley	Chairman
	AnthonyKendrick Nixon	Treasurer
	Ian Peter McKay	Secretary
	Andrew Michael Garford
	AnthonyDavid Pilling
	Stephen Preston
	Alwyn Michael Rogers
	Thomas James InglebyWhipp			Barnoldswick Town Council
	Kenneth Hartley			Pendle Borough Council

– Corporate trustees names of the directors at the date the report was approved Director name

Name of trustees holding title to property belonging to the charity

Trustee name Dates acted if not for whole year

Funds held as custodian trustees on behalf of others

Description of the assets none 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

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Names and addresses of advisers (Optional information)

Names and addresses of advisers (Optional information)	Names and addresses of advisers (Optional information)	Names and addresses of advisers (Optional information)
Type of adviser Name Address
Name of chief executive or names of senior staff members (Optional information)

Exemptions from disclosure

Reason for non-disclosure of key personnel details

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Declarations

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s) Full name(s) Position (eg Secretary, Chair, etc) Date
	Timothy Herbert Maudsley	Ian Peter McKay
	Chairman	Secretary
	02 November 2021
	02 November 2021

BANCROFT MILL ENGINE MUSEUM INDEPENDENT EXAMINER'S REPORT For the year ended 31 January 2021 BFE Brays Chartered Accountanls Building Society Chambers Wesley Street OTLEY LS21 1AZ

BANCROFT MILL ENGINE MUSEUM INDEPENDENT EXAMINER'S REPORT For the year ended 31 January 2021 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BANCROFT MILLL ENGINE MUSEUM CIO I report to the Trustees on my examination of the accounts of the Bancroft Mill Engine Museum CIO forthe year ended 31 January 2021. RESPONSIBILITIES AND BASIS OF REPORT As Trustees of the Society, you are responsible for the preparalion of the accounts in accordance with the requirement of the Charities Act 2011 (°the Act"). I report ill respect of my examination of the Society's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145{5}(b) ofthe Aci. INDEPENDENT EXAMINER'S STATEMENT I have completed my examination. I confinm that no material matters have come to my attention in connection with the examination giving me ￿use to believe that in any material respect.. accounting records were not kept in respect of the Society as required by section 130 of the t., or the accounts do not accord with Ihtyse records,. or the accounts do not comply with the applicable requirements concerning the form and content of a￿OuntS set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is nol a matter considered as part of an independent examination. I have no concerns and have come across no other matters in conneclion with the examination to which attention should be drawn in this report in order to enable a proper understanding of the account lo be reached. Signed.. Date.. IL Nc*Jaw L: BFE Brays Chartered Accountants Building Society Chambers Wesley Street OTLEY LS21 1AZ

BANCRO￿ MILL ENGINE MUSEUM CIO No: 1181038 RECEIPTS AND PAYMENTS ACCOUNT YEAR ENDED 31 JANUARY 2021 UNRESTRICTED FUNDS TOTAL FUNDS LAST YEAR RECEIPTS TV Facility Fee Membership Donations Entrance Fees Cafe Shop Private Hire Grants Disposals Other Ilnteresll Bancroft Mill Engine Trust Capital ". Cash 300 1219 S￿0 492 104 2691 50 10000 630 19 41665 254 1219 5960 492 104 2691 50 10000 630 19 41665 254 107 TOTAL RECEIPTS 63084 63084 407 EXPENDITURE Engine Maintenance Roberts '. Bradley 141 110 485 625 641 714 92 1423 345 12 141 110 485 625 641 714 92 1423 345 Boiler Maintenance Building Maintenan Insurance Ulililses Cale Shop Other Postage Publicity 64 TOTAL PAYMENTS 4672 4672 NET RECEIPTS 58412 58412 407 Cash Funds last year end 407 407 Cash Funds this year end 58819 58819 407

BANCRO￿ MILL ENGINE MUSEUM CIO No: 1181038 STATEMENT OF ASETS AND LIABILITIES YEAR ENDED 31 JANUARY 2021 UNRESTRICTED FUNDS TOTAL FUNDS LAST YEAR MONETARY ASSETS Current Account Savings Account Cash 7755 50685 379 7755 50685 379 406 58819 58819 407 Signed by one or two trustees On behalf of all the Charity's Trustees Signature Prlnt Name Date of approval Signatur8 Prinl Name Date of approval

BANGRUFT MILL ENGINE MUSEUM INDEPEP4DENT EXAMINER'S REPOR T For the year ended 31 January 2021 r8yS Chartered Accountants Building SoGiety Chambers Wesley Street OTLEY LS21 IAZ

BANCROFT MILL ENGINE MUSeu INDEPENDENT EXAAIINER'S REPORT For the year ended 31 January 2021 INDEPENDENT EXAlJllNER'S REPORT TO THE TRUSTEES OF 8ANCROFT MILLL ENGINE MUSEUM CIO &l¥Jl for the year ended 31 J￿Uary 2021. RESPONS181LITIES AND BASIS OF REPORT As Trustees of the Soa8ty, you we responsible for the preparation gf the aGcounts in accordance witri trie requiremeni OT irie kniwriue5 MGI £u i i j HGt j. I report in respecl of my exarninalion of the Society's account5 Garried wt under sedIc￿ 145 of the 2011 Act and in carying out my examination I have followed all the appli¢able Direction8 given by the Charity Cixxmission urJer Beclion 145(5)(b) of the Ad. INDEPENDENT EXAMINER'5 S IATEMEN I I have completed my examIr￿tiOn. I confirm that no material raatters have come to my atlention in connection with the examination giving me cause to believe that in any material re8pecL' accounting record8 were not keo in res￿% of the SocAety as rewired by 8edion 130 of the Act: or the accounts do not accord with those record8," or the accounts do not compty wtth the applicable requithnonts con(rning the fonn and content of 8ccounts let out in the Charit￿8 (Accounts and R80Crtsl RBaulations 2008 other than any requirement that the ac￿}unIS give a true and faw view which is not a matter considered a8 part of an independent exarninat￿n. I have no CorK￿$ and have come across no other rnatters In connection with tho examination to w￿h attention should be drawn in this report in order to enable a proF￿r understanding of the SNJned: Date: ILN,.arf Lrlf BFE Brays Chartered Accourrtants L4Ull¢ing bouety GnamDers Wesley Street OTLEY LS211AZ

ANGRDFT MILL ENGINE MUSEUM CIO No.. 1181038 RECEIPTS AND PAYMENTS ACCOUNT YEAR ENDED 31 JANUARY 2021 ut4ffE¥TRl￿Eo FUNDS TQTAL FUNI)5 LAST YEAR RECEIPTS TV Facility Fee M•mbership Donathjns 1219 1219 107 FIW AO? Cafe Shop PrNaie Hire Grants D18F0￿15 Oiher Ilnterest) LIar￿n)rt MIN Engine Trust '. G4)ilal 104 2691 50 10000 830 19 41665 254 1￿00 630 19 41665 254 TOTAL RECEIPTS 63084 63084 407 EXPENDITURE Llty*ll¥ f¢idllliilllalltsé .' 8radley 110 485 625 641 714 110 485 625 Boiler Malntenarte BulbJlTrJ Malntenance In3uran¢e Utilities 714 49 1423 345 12 Shop 1423 345 12 Postage pu￿￿ty TOTAL PAYMENTS 4672 4672 NET RECEIPTS 58412 58412 407 Cash Funds lasl year end 407 407 Cash Funds this year end $8819 58819 407

BANCROFT MILL ENGINE MUSEUM CIO P40: 1181038 STATEMEKf OF A8ETS AND UABIUTIE8 YEAR EIIDED 31 JANUARY 2021 LAST YEAR A(tow 7755 7755 379 379 58819 50819 407 On behall of al the Ctrwtys Trustees SlgnatuY• D•t• of approv A K NIX￿ . Treasurer 20 Nov 2021 SlgnthT• DAt• of approval 20 Nov 2021