## ## ## ## ||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 inoud**e** f**u**rth
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
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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`| ## ##