## **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.| **Additional information (optional)** You may choose to include further statements where relevant about: ## **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.| ## **Additional information (optional)** You may choose to include further statements where relevant about: |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| |---|---|---| ## **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|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
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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 (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 ## **Additional information (optional)** ## **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 **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)**
**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 ur*Jer 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