2022-01-31-accounts

	SORP reference
Summary of the purposes of	Para 1.17	To establish and maintain a museum to
the charity as set out in its		promote an interest in Bancroft Mill and its
governing document		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	Para 1.17 and 1.19	The Museum has consolidated its position by appointing, one, further Trustee. The
purposes for the public		Trustee appointed by Pendle Borough
benefit, in particular, the		Council resigned due to ill health during the
activities, projects or services		year and we await a new appointee. A
identified in the accounts.		second Trustee did not seek re-appointment
		at the end of his three year term.
		With the Museum being closed to the public
		for some time in line with national
		restrictions, the opportunity has been taken
		to make improvements to the estate in order
		that the visitor experience shall be
		enhanced. These improvements include
		works to the grounds, to the buildings and to
		the exhibits. We have also been able to
		recommence our intended programme of
		school talks and visits which gives us
		valuable public relations opportunities. We
		intend to build on this as a major anniversary
		occurs next year (2022).
Statement confirming	Para 1.18	The attention of the Trustees has been
whether the trustees have		drawn to this Guidance and they have had
had regard to the guidance		full regard to it.
issued by the Charity
Commission on public
benefit

	SORP reference
Summary of the main		The major achievement of the Museum has
achievements of the charity,		been to survive the multiple closures forced
identifying the difference the		upon us by the measures implemented to
charity's work has made to the circumstances of its	Para 1.20	control the pandemic. As stated above we have been able to make improvements to
beneficiaries and any wider		our grounds (tree removal and cosmetic
benefits to society as a		works), to the buildings (installation of
whole.		heating and improvements to the electrical
		system) and repairs to the roof, and to the
		exhibits (revamp of the main display area to
		accommodate a major gift of items from a
		local textile business upon its Closure). We
		have drawn up plans to make improvements
		to the cafe and kitchen area and work has
		now started on these. We have identified
		external grant-awarding bodies whose
		criteria are such that we are able to apply for
		grants. We have made major applications for
		grant aid to fund the chimney repair and
		conservation programme which we have
		drafted. These grants will not be awarded in
		this current oeriod.

Achievements against	Para 1.41
objectives set
		During this period COVID restrictions meant
		that we were only able to operate the
Performance of fundraising		engines for the public on six occasions
activities against objectives	Para 1.41	rather than the planned thirteen with a
set		resulting loss of income.
Investment performance	Para 1.41
against objectives
Other

	Financial Review
	Review of the charity'S	Para 1.21	This charity. Bancroft Mill Engine Museum.
	financial position at the end		was established as a CIO in 2018 to take
	of the period		over the assets and operations of Bancroft.
			Mill Engine Trust (the Trust).
			The Museum was closed to the public by
			COVID restrictions until August 2021 and the
			opportunity was taken to bring forward some
			planned maintenance to the Cornish boiler
			which is essential for the operation of our
			engines. After allowing for this expenditure,
			there was a surplus of Normal Income over
			Expenditure of £774.
			In addition, we received extraordinary
			income of £19.051 from Central Government
			in COVID related grants. Some of this
			money was used to fund the various capital
			improvements mentioned above (work to
			trees, roof repairs and improvements to the
			electrical system).
			Overall, there was a surplus of income over
			expenditure of £ 11,039.
			The Charity also received a capital transfer of
			£3,000 from Bancroft Mill Engine Trust,
			which will be wound up early in 2022.
	Statement explaining the	Para 1.22	Significant reserves are held in order that
	policy for holding reserves		essential maintenance of the infrastructure,
	stating why they are held		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
I	Amount of reserves held	Para 1.22	space or for some other use. £64,000
	Reasons for holding zero	Para 1.22	N/A
	reserves
	Details of fund materially in	Para 1.24	N/A
	deficit
	Explanation of any	Para 1.23	No uncertainties have been identified
	uncertainties about the
	charity continuing as a going
	concern

Additional information (optional)	Additional information (optional)	Additional information (optional)
Y h to inoude furth ou may C oose 0 mcu		er statements	where relevant about:
			The principal sources of funding are grants
			and public contributions by way of donations,
The charity's principal sources of funds (including	Para 1.47		gift shop purchases, admission charges and Associate Membership fees.
any fund_raiSing)_
Investment policy and
objectives including any social investment policy	Para 1.46
adopted
			Our income from paying visitors during the
			pandemic has been seriously curtailed. We
A description of the principal	Para 1.46		would be in severe difficulty if the restrictions
risks facing the charity			on opening were extended into 2022 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

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

		Those new Trustees who may not be
		familiar with the site, its personnel or the
Policies and procedures		details of its activities, will be given a
adopted for the induction and	Para 1.51	comprehensive initial briefing. A new
training of trustees		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.
		We have a simple organisation in which,
		whilst there is a Chairman of the board of
The charity's organisational		Trustees, all the Trustees share the
structure and any wider	Para 1.51	responsibility for the management of the
network with which the charity		Museum and determine its policies. An
works		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	Para 1.51
parties
Other

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

	Names of the charity trustees who manage the chari tv
1 2 3 4 5 6 7 8 9 10 11 12	Dates acted if Nf bdild
	ame o person (or oy) entte Trustee name Office (if any) not for whole to appoint trustee (if any) year
	Timothy Herbert Maudsley Chairman
	Anthony Kendrick Nixon Treasurer
	lan Peter McKay Secretary
	Andrew Michael Garford
	Anthony David Pilling
	Stephen Preston
	Alwyn Michael Rogers Resigned 25th Jan
	2022
	Thomas James Ingleby Whipp Bamoldswick Town Council
	Kenneth Hartley Resigned Pendle Borough Council
	21st June
	2021
	Myra Shan McKay Appointed
	6th Sept
	2021

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

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

			UNRESTRICTED	TOTAL	FUNDS	LAST YEAR
			FUNDS
RECEIPTS
Membership			1074		1074	1219
Donations			6259		6259	5960
Entrance Fees			1878		1878	492
Cafe			334		334	104
Shop			2104		2104	2691
Private Hire			120		120	50
Grants			19051		19051	10000
Disposals			80		80	630
Other (Interest)			6		6	19
Bancroft Mill Engine Trust		: Capital	3000		3000	41665
		: Cash				254
TOTAL RECEIPTS			33906		33906	63084
EXPENDITURE
Engine Maintenance	: Roberts		35		35	141
	: Bradley		9		9	110
Boiler Maintenance			7437		7437	485
Building Maintenance			9309		9309	625
Insurance			687		687	641
Utilities			1470		1470	714
Cafe			125		125	92
Shop			145		145	1423
Other			455		455	345
Postage			53		53	12
Publicity			143		143	84
TOTAL PAYMENTS			19868		19868	4672
NET RECEIPTS			14038		14038	58412
Cash Funds last year	end		58819		58819	407
Cash Funds this year	end		72857		72857	58819

		UNRESTRICTED	TOTAL FUNDS	LAST YEAR
		FUNDS
MONETARY	ASSETS
Current Account		8327	8327	7755
Savings Account		64127	64127	50685
Cash		403	403	379
		72857	72857	58819

			UNRESTRICTED	TOTAL	FUNDS	LAST YEAR
			FUNDS
RECEIPTS
Membership			1074		1074	1219
Donations			6259		6259	5960
Entrance Fees			1878		1878	492
Cafe			334		334	104
Shop			2104		2104	2691
Private Hire			120		120	50
Grants			19051		19051	10000
Disposals			80		80	630
Other (Interest)			6		6	19
Bancroft Mill Engine Trust		: Capital	3000		3000	41665
		: Cash				254
TOTAL RECEIPTS			33906		33906	63084
EXPENDITURE
Engine Maintenance	: Roberts		35		35	141
	: Bradley		9		9	110
Boiler Maintenance			7437		7437	485
Building Maintenance			9309		9309	625
Insurance			687		687	641
Utilities			1470		1470	714
Cafe			125		125	92
Shop			145		145	1423
Other			455		455	345
Postage			53		53	12
Publicity			143		143	84
TOTAL PAYMENTS			19868		19868	4672
NET RECEIPTS			14038		14038	58412
Cash Funds last year	end		58819		58819	407
Cash Funds this year	end		72857		72857	58819

		UNRESTRICTED	TOTAL FUNDS	LAST YEAR
		FUNDS
MONETARY	ASSETS
Current Account		8327	8327	7755
Savings Account		64127	64127	50685
Cash		403	403	379
		72857	72857	58819