## **Trustees’ Annual Report for the period**
**From 1 February 2022 To 31 January 2023**
**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
(amended 13 January 2023)|Para 1.17|1. To establish and maintain a museum to
promote an interest in Bancroft Mill and its
engines.
2) To advance the education of the public in
the history of cotton weaving and other
related subjects of engineering, industrial or
archaeological interest in or around the town
of Barnoldswick|
|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 Museum has appointed a further
Trustee who has brought valuable
experience and knowledge to the board.
Pendle Borough Council nominated a
Trustee and the term of office of Trustee
nominated by Barnoldswick Town Council
was renewed for a further term.
The closure of a local engineering firm led to
the Museum being offered an important and
significant exhibit with valuable local
connections and history. With help from
various sources we have taken possession
of this item and are installing it at the Mill.
We hope to be able to allow public access to
it during the next year (2023)|
|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:
||SORP reference||
|---|---|---|
|Policy on grant making|Para 1.38|The Charity does not intend to make grants.|
|Policy on social investment
including program related
investment|Para 1.38||
|Contribution made by
volunteers|Para 1.38|The volunteers between them spend at least
6000 hours per year on-site. A similar
number of hours are spent on administrative
and other tasks off-site.|
SORP reference The original constitution was written five years ago. In the light of our experiences since then, we have taken the opportunity to Other review the constitution and to make a number of amendments which clarify the administration processes of the Museum. **Achievements and Performance** SORP reference Whilst we await the result of relevant grant applications and for more suitable weather conditions, the work intended to take place Summary of the main on the chimney is not yet begun. A unique achievements of the charity, clock of significant local interest has been identifying the difference the donated to the Mill. We have made charity’s work has made to Para 1.20 significant progress towards installation and the circumstances of its putting it into running order beneficiaries and any wider We continue to offer a programme of school benefits to society as a visits and public lectures. Additionally, next whole. year we hope to be heavily involved in an Arts and Crafts Festival which is to be organised by the Local Authority.
## **Financial Review**
|**Financial Review**|||
|---|---|---|
||SORP reference||
|Review of the charity’s
financial position at the end
of the period|Para 1.21|The period under review is the first when
the Museum has been able to return to
normal operation for a full twelve months
post pandemic. It is pleasing to see that
visitor numbers on our Steaming Days
have almost returned to the previous level,
and the numbers signing up for Associate
Membership have not fallen. Donations
have increased as have sales in the Gift
Shop and Café.
During this period the Charity received a
final capital Transfer of £1924 on the
winding up of Bancroft Mill Engine Trust
(517795) and a COVID grant from Central
Government of £2667.|
|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 heritage item
which is a local landmark and now one of
only a tiny number of chimneys 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|£80,000|
|Reasons for holding zero
reserves|Para 1.22||
|Details of fund materially in
deficit|Para 1.24||
|Explanation of any
uncertainties about the
charity continuing as a going
concern|Para 1.23||
|**Additional information (optional)**
You may choose to include further statements where relevant about:|**Additional information (optional)**
You may choose to include further statements where relevant about:|**Additional information (optional)**
You may choose to include further statements where relevant about:|
|---|---|---|
||SORP reference||
|The charity’s principal
sources of funds (including
any fundraising)|Para 1.47|The principal sources of funding are grants
and public contributions by way of
donations, gift shop purchases, admission
charges and Associate Membership fees.|
|Investment policy and
objectives including any
social investment policy
adopted|Para 1.46||
A description of the principal Para 1.46 risks facing the charity Other
## **Structure, Governance and Management**
||SORP reference||
|---|---|---|
|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 and
amended on 13 December 2022, with
amendments to Objectives receiving formal
approval on 12 January 2023 and then
adopted.|
|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 where relevant about:
||SORP reference||
|---|---|---|
|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
relatedparties|Para 1.51||
|Other|||
## **Reference and Administrative details**
|Charity name|Bancroft Mill Engine Museum|
|---|---|
|Other name the charity uses||
|Registered charity number|1181038|
|Charity’s principal address|Bancroft Mill
Gillians Lane
Barnoldswick
Lancashire
BB18 5QR|
**Names of the charity trustees who manage the charity**
|1
2
3
4
5
6
7
8
9|**Trustee name**|**Trustee name**|**Office (if any)**|**Office (if any)**|**Dates acted if not for whole**
**year **|**Dates acted if not for whole**
**year **|**Name of person (or body) entitled**
**to appoint trustee (ifany)**|
|---|---|---|---|---|---|---|---|
||Timothy Herbert
Maudsley||Chairman|||||
||Anthony Kendrick
Nixon||Treasurer|||||
||Ian Peter McKay||Secretary|||||
||Andrew Michael
Garford|||||||
||Anthony David
Pilling|||||||
||Stephen Preston|||||||
||Thomas James
InglebyWhipp||||||Barnoldswick Town Council|
||Myra Shan McKay|||||||
||Christopher John
Church||||Appointed 20 June 2022||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**||||||
|||**Director name**||||||
|||||||||
|||||||||
|||Name of trustees holding title||||||
|||**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 charity on whose behalf the assets are held and how this N/A falls within the custodian charity’s objects Details of arrangements for safe custody and N/A segregation of such assets from the charity’s own assets
## **Additional information (optional)**
## **Names and addresses of advisers (Optional information)**
**Type of Name Address adviser 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|
||3 October 2023||
||3 October 2023||
## **Bancroft Mill Engine Museum CIO Accounts for the year 1st Feb 2022 - 31st Jan 2023**
## **1st Feb 2021 - 31st Jan 2022 for comparison**
|**Income**||||
|---|---|---|---|
|Membership|£ 1,236|£ 1,075||
|Donations|£ 10,179|£ 6,259||
|Entrance Fees|£ 3,276|£ 1,878||
|Cafe|£ 1,398|£ 334||
|Shop|£ 2,900|£ 2,104||
|Private Hire|£ -|£ 120||
|Grants|£ 5,213.|£ 19,051||
|Disposals|£ -|£ 80||
|Other|£ 321.|£ 6||
|**Total Income**|**£ 24,523**|**£ 30,907**||
|**Expenditure**||||
|Roberts Maint|£ 217|£ 35||
|Bradley Maint|£ 118|£ 9||
|Building Maint|£ 4,251|£ 9,309||
|Cafe|£ 617|£ 125||
|Shop|£ 1,076|£ 145||
|Other|£ 748|£ 455||
|Postage|£ 70|£ 53||
|Utilities|£ 1,122|£ 1,470||
|Insurance|£ 759|£ 687||
|Publicity|£ 502|£ 143||
|Boiler||||
|Maintenance|£1,272|£7,437||
|**Total**||||
|**Expenditure**|**£ 10,752**|**£ 19,868**||
|||||
|**Surplus onyear**|**£ 13,771**|**£ 11,038**||
|**Bank & Cash Reconciliation**||||
||**Closing Balance**|**Opening Balance**|
**Difference**|
||**31-Jan-23**|**01-Feb-22**||
|Current Account|£ 7,653|£ 8,327|£ (674)|
|Savings Account|£ 80,296|£ 64,127|£ 16,169|
|Petty Cash|£ 522|£ 347|£ 175|
|Floats|£ 80|£ 55|£ 25|
|**Total Funds**|**£ 88,551**|**.£….72,856**|**£ 15,695**|
|||**Represented by:**||
|||Surplus Generated over year|£ 13,771|
|||Final Capital Transfer from BMET|£ 1,924|
||||**£ 15,695**|
F:\all BMEM files\charity commission\annual returns\2022-2023\Fin Summary to go to Trusees for comment.docx Printed: 28-Feb-23