Charity registration number: 1187044
Friends of Bennerley Viaduct
Annual Report and Financial Statements for the Year Ended 31 March 2024
Community Accounting Plus Units 1 & 2 North West 41 Talbot Street Nottingham NG1 5GL
Friends of Bennerley Viaduct
Contents (continued)
| Reference and Administrative Details | 1 |
|---|---|
| Trustees' Report | 2 to 4 |
| Statement of Trustees' Responsibilities | 5 |
| Independent Examiner's Report | 6 |
| Statement of Financial Activities | 7 to 8 |
| Balance Sheet | 9 |
| Notes to the Financial Statements | 10 to 20 |
Friends of Bennerley Viaduct
Reference and Administrative Details
Trustees John Scruton, Chair Elizabeth Woledge, Vice Chair Melvin Bailey, Treasurer Nick Tooley Ronald Yee William Tomson Glynn Lowth James Dawson Charity Registration Number 1187044 Principal Office Castledine House 5-9 Heanor Road Ilkeston Derbyshire DE7 8DY Independent Examiner John O'Brien, employee of Community Accounting Plus Units 1 & 2 North West 41 Talbot Street Nottingham NG1 5GL
Page 1
Friends of Bennerley Viaduct
Trustees' Report
The trustees present the annual report together with the financial statements of the charity for the year ended 31 March 2024.
Objectives and activities
Objects and aims
The objects of the CIO are:
3.1) To promote for the benefit of the public the conservation protection and improvement of the Bennerley Viaduct and the surrounding area;
3.2) To advance the education of the public in the conservation, protection and improvement of the Bennerley Viaduct and the surrounding area.
Public benefit
During the year the Charity has undertaken the following activities:
• Continued the Bridging the Gap project in collaboration with The National Heritage Lottery Fund. The project was completed at the end of March 2024.
• Taken on the substantial project of building the Eastern Ramp, along with a New Visitor Centre and Car Park. This is funded by the Levelling Up Fund in conjunction with Broxtowe Borough Council.
• Continued to work with Volunteers (The Friends) to maintain and enhance the Viaduct and the surrounding area.
• Successfully applied for funding from Severn Trent to commence in the new financial year for the project “Beneath the Bridge: the life and people of Bennerley Marsh.”
• Continued to enhance the collaboration with the local community by putting on events on and underneath the Viaduct during the year some of which have been funded by various Charities and organisations.
• Maintaining a good relationship with our members including publishing a highly informative monthly newsletter.
• Supplied Merchandise to sell to the public including a book about the history of the Viaduct written by Jeff Winch.
The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
Structure, governance and management
Nature of governing document
The charity is operated under the rules of its constitution adopted 19 December 2019 and most recently amended 12 May 2021.
Recruitment and appointment of trustees
The Friends of Bennerley Viaduct carry out a skills audit of current trustees which identifies knowledge gaps within the board and then actively takes steps to recruit trustees accordingly.
In order to become familiar with the practical work of the charity, trustees receive a copy of the annual report, the constitution and the latest financial reports, together with being assigned a buddy (a mentor from the existing trustee board). They will also meet with the Chief Executive and existing trustees as well as being offered opportunities to visit with the staff team.
Page 2
Friends of Bennerley Viaduct
Trustees' Report (continued)
Induction and training of trustees
Additionally, they are invited to attend induction training which covers the following areas: a. Governance.
-
b. The constitution.
-
c. Training and support.
-
d. Roles and responsibilities.
-
e. Communication.
f. The charity’s policies and best practice guides.
-
g. The FOBV business plan.
-
h. The risk register.
All trustees are then signposted to any other relevant training throughout the year.
Achievements and performance
• The viaduct continues to be open for public use, and is enjoyed and used by walkers and cyclists from near and far.
• FoBV has continued to maintain its charitable status, and follows the guidance issued by the Charity Commission. It is a Charitable incorporated organisation, operating under a constitution available to all.
• A 99-year lease is in place between Railway Paths Ltd (RPL) and FoBV enabling FoBV to have greater control and influence over the management and development of the viaduct. This was signed on June 20th 2022. RPL remain responsible for the maintenance of the structure of the viaduct.
• The National Lottery Heritage Fund (NLHF) Bridging the Gap project was successfully completed in March 2023, having established and developed the charity with the appointment of 3 staff to explore the opportunities to develop a range of activities at the viaduct, explore the future financial viability of FoBV, and develop the resilience and sustainability of the organisation.
• FoBV has partnered with Kimberley Town Council and Broxtowe Borough Council to gain a Levelling Up grant from the then Department for Levelling Up, Housing and Communities (DLUHC). This was announced in January 2023, so that FoBV now has the funds available to construct an eastern ramp, visitor centre and car parking. An architect and planning consultant were appointed and a planning application submitted in July 2023. Extensive negotiations and consultations took place with trustees, members and volunteers, RPL and Harworth Estates and Broxtowe Borough Council. Successful negotiations have taken place with Harworth regarding the potential future transfer of land at the eastern end of the viaduct to the Friends for the erection of the proposed ramp, visitor centre and car park.
Planning permission was granted in October 2023 and a contract awarded to Fox Owmby in December 2023 to construct the eastern ramp following a public sector tendering process. Work to complete the ramp continues. Work on phase 2 of the project to build the visitor centre and car park is anticipated in September 2024 after another tendering process.
• FoBV continues to benefit from an active and engaged membership and a number of active volunteers, without which it could not function.
• 6 trustees were co-opted during the year following an extensive publicity campaign, interviews and selection.
• The Severn Trent (ST) Access to Nature project began in May 2021 was successfully concluded this year. £25,000 had been secured by an application made FoBV. Another successful application has been made to Severn Trent for further funding to develop the nature reserve under the viaduct, called “Beneath the Bridge: the life and people of Bennerley Marsh” £67,308 has been received from The Severn Trent Community Fund after the year end in respect of this project.
• The FoBV financial report for 23/24 has been circulated with the AGM papers. It shows FoBV to be in sound financial health.
Page 3
Friends of Bennerley Viaduct
Trustees' Report (continued)
Financial review
Total income for the year has increased from £166,829 to £268,396. This is mainly due to the funds received from Broxtowe Borough Council in respect of the Levelling Up Fund. This is to be used to construct the Eastern Ramp, provision of a visitor centre and a car park.
Expenditure has increased from £121,573 to £148,048. The reason for the lower increase in expenditure, compared with income is the fact that some of the expenditure during the year has been treated as fixed assets, as it relates to the professional fees and construction costs in respect of the Eastern Ramp, which have been capitalised as land and buildings.
The unrestricted funds have increased by £4,461 after transfers from the restricted funds, and free reserves now amount to £46,174.
Fixed assets have increased considerably due to capitalising the professional fees relating to the Eastern Ramp and visitor centre project. Debtors include the amount due from the National Heritage Lottery Fund, which has subsequently been paid after the year end. The bank balance is slightly lower than the previous year, as funds were being carried in respect of the Levelling Up Fund last year.
Policy on reserves
The trustees feel that they should hold £20,000 as free reserves. As the free reserves currently amount to £46,174, then that target is currently being met.
Page 4
Friends of Bennerley Viaduct
Statement of Trustees' Responsibilities
The trustees are responsible for preparing the trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.
The law applicable to charities requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles in the Charities SORP;
-
make judgements and estimates that are reasonable and prudent;
-
state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charities (Accounts and Reports) Regulations 2008, and the provisions of the constitution. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Approved by the trustees of the charity on .................... and signed on its behalf by: 13/10/2024
......................................... John Scruton Trustee
Page 5
Friends of Bennerley Viaduct
Independent Examiner's Report to the trustees of Friends of Bennerley Viaduct
Independent examiner’s report to the trustees of Friends of Bennerley Viaduct
I report to the trustees on my examination of the accounts of Friends of Bennerley Viaduct (the Charity) for the year ended 31 March 2024.
Responsibilities and basis of report
As the trustees of the charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Charity’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) of the Act.
Independent examiner’s statement
Since the Charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member and Fellow of the Association of Charity Independent Examiners, which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Charity as required by section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the accounting requirements concerning the form and content of accounts 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 not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
......................................
John O’Brien MSc, FAIA, FCCA, FCIE, employee of Community Accounting Plus Fellow of the Association of Charity Independent Examiners
Units 1 & 2 North West 41 Talbot Street Nottingham NG1 5GL
15/10/2024 Date:.............................
Page 6
Friends of Bennerley Viaduct
Statement of Financial Activities for the Year Ended 31 March 2024
| Note Income and Endowments from: Donations and legacies 2 Charitable activities 3 Other trading activities 4 Investment income 5 Total Income Expenditure on: Raising funds 7 Charitable activities 8 Total Expenditure Net income Gross transfers between funds Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward 19 |
Unrestricted £ 6,116 10,052 4,048 1,130 21,346 (1,877) (18,153) (20,030) 1,316 3,145 4,461 44,819 49,280 |
Restricted £ - 247,050 - - 247,050 (2,700) (125,318) (128,018) 119,032 (3,145) 115,887 34,930 150,817 |
Total 2024 £ 6,116 257,102 4,048 1,130 268,396 (4,577) (143,471) (148,048) 120,348 - 120,348 79,749 200,097 |
Total 2023 £ 9,220 154,375 3,207 27 |
|---|---|---|---|---|
| 166,829 | ||||
| (1,417) (120,156) |
||||
| (121,573) | ||||
| 45,256 - |
||||
| 45,256 34,493 |
||||
| 79,749 |
All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for the period is shown in note 19.
The notes on pages 10 to 20 form an integral part of these financial statements. Page 7
Friends of Bennerley Viaduct
Statement of Financial Activities for the Year Ended 31 March 2024 (continued)
These are the figures for the previous accounting period and are included for comparative purposes only
| Note Income and Endowments from: Donations and legacies 2 Charitable activities 3 Other trading activities 4 Investment income 5 Total Income Expenditure on: Raising funds 7 Charitable activities 8 Total Expenditure Net income Gross transfers between funds Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward 19 |
Unrestricted £ 9,220 - 3,207 27 12,454 (1,417) (133) (1,550) 10,904 15,109 26,013 18,806 44,819 |
Restricted £ - 154,375 - - 154,375 - (120,023) (120,023) 34,352 (15,109) 19,243 15,687 34,930 |
Total 2023 £ 9,220 154,375 3,207 27 |
|---|---|---|---|
| 166,829 | |||
| (1,417) (120,156) |
|||
| (121,573) | |||
| 45,256 - |
|||
| 45,256 34,493 |
|||
| 79,749 |
The notes on pages 10 to 20 form an integral part of these financial statements. Page 8
Friends of Bennerley Viaduct
(Registration number: 1187044) Balance Sheet as at 31 March 2024
| Note Fixed assets Tangible assets 13 Current assets Stocks 14 Debtors 15 Cash at bank and in hand 16 Creditors: Amounts falling due within one year 17 Net current assets Net assets Funds of the charity: Restricted income funds Restricted funds Unrestricted income funds Unrestricted funds Total funds 19 |
2024 £ 121,283 518 37,165 46,372 84,055 (5,241) 78,814 200,097 150,817 49,280 200,097 |
2023 £ 3,791 1,282 12,087 67,448 |
|---|---|---|
| 80,817 (4,859) |
||
| 75,958 | ||
| 79,749 | ||
| 34,930 44,819 |
||
| 79,749 |
The financial statements on pages 7 to 20 were approved by the trustees, and authorised for issue on .................... and signed on their behalf by: 13/10/2024
......................................... Melvin Bailey Trustee
The notes on pages 10 to 20 form an integral part of these financial statements. Page 9
Friends of Bennerley Viaduct
Notes to the Financial Statements for the Year Ended 31 March 2024
1 Accounting policies
Statement of compliance
The financial statements have been prepared in accordance with the second edition of the Charities Statement of Recommended Practice issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.
Basis of preparation
Friends of Bennerley Viaduct meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.
Exemption from preparing a cash flow statement
Under the exemption available to smaller charities the Board of Trustees has chosen not to include a Statement of Cash Flows within the financial statements.
Going concern
The free reserves have been increased during the year and a new project has just been taken on in conjunction with Severn Trent. The charity is also being supported by various organisations, including the Lottery Fund, Broxtowe Borough Council, Erewash Borough Council, Sustrans and many more. As a result, the trustees feel that the charity is a going concern for at least one year after signing off these accounts.
The financial statements have been prepared on a going concern basis.
The trustees assess whether the use of going concern is appropriate i.e. whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the charity to continue as a going concern. The trustees make this assessment in respect of a period of one year from the date of approval of the financial statements.
Income and endowments
Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability.
Donations and legacies
Donations and legacies are recognised on a receivable basis when receipt is probable and the amount can be reliably measured.
Grants receivable
Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released.
Page 10
Friends of Bennerley Viaduct
Notes to the Financial Statements for the Year Ended 31 March 2024 (continued)
Expenditure
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregates similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.
Raising funds
These are costs incurred in attracting voluntary income, the management of investments and those incurred in trading activities that raise funds.
Charitable activities
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Government grants
Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.
Taxation
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
Tangible fixed assets
Individual fixed assets costing £1,000.00 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation and amortisation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
| Asset class | Depreciation method and rate |
|---|---|
| Vehicles | 5 years straight line |
| Land and buildings | In the course of construction, therefore no depreciation |
Stock
Stock is valued at the lower of cost and estimated selling price less costs to complete and sell, after due regard for obsolete and slow moving stocks. Cost is determined using the first-in, first-out (FIFO).
Page 11
Friends of Bennerley Viaduct
Notes to the Financial Statements for the Year Ended 31 March 2024 (continued)
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the charity does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Fund structure
Unrestricted income funds are general funds that are available for use at the trustees' discretion in furtherance of the objectives of the charity.
Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.
Pensions and other post retirement obligations
The charity operates a defined contribution pension scheme which is a pension plan under which fixed contributions are paid into a pension fund and the charity has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised in the Statement of Financial Activities when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
Page 12
Friends of Bennerley Viaduct
Notes to the Financial Statements for the Year Ended 31 March 2024 (continued)
2 Income from donations and legacies
| Donations and legacies; Donations from individuals Gift aid reclaimed Grants, including capital grants; Government grants |
Unrestricted funds General £ 4,998 126 992 6,116 |
Total 2024 £ 4,998 126 992 6,116 |
Total 2023 £ 8,324 896 - |
|---|---|---|---|
| 9,220 |
3 Income from charitable activities
| Grants & donations Management charge Membership Other income |
Unrestricted funds General £ - 9,500 550 2 10,052 |
Restricted funds £ 247,050 - - - 247,050 |
Total 2024 £ 247,050 9,500 550 2 257,102 |
Total 2023 £ 154,375 - - - |
|---|---|---|---|---|
| 154,375 |
4 Income from other trading activities
| Trading income; Sales of goods and services 5 Investment income Interest receivable and similar income; Interest receivable on bank deposits |
Unrestricted funds General £ 4,048 4,048 Unrestricted funds General £ 1,130 |
Total funds £ 4,048 4,048 Total 2024 £ 1,130 |
Total 2023 £ 3,207 |
|---|---|---|---|
| 3,207 | |||
| Total 2023 £ 27 |
Page 13
Friends of Bennerley Viaduct
Notes to the Financial Statements for the Year Ended 31 March 2024 (continued)
6 Grants and donations
| 6 Grants and donations |
|||
|---|---|---|---|
| National Lottery Heritage Fund Broxtowe Borough Council Sustrans Nottinghamshire County Council Erewash Borough Council Individual donations Derbyshire County Council HMRC Gift aid |
Unrestricted funds £ - - - - 500 4,998 492 126 6,116 |
Restricted funds £ 131,424 108,600 3,556 1,970 1,500 - - - 247,050 |
Total funds £ 131,424 108,600 3,556 1,970 2,000 4,998 492 126 |
| 253,166 |
7 Expenditure on raising funds
a) Costs of trading activities
| Costs of goods sold | Unrestricted funds General £ 1,877 1,877 |
Restricted funds £ 2,700 2,700 |
Total 2024 £ 4,577 4,577 |
Total 2023 £ 1,417 |
|---|---|---|---|---|
| 1,417 |
Page 14
Friends of Bennerley Viaduct
Notes to the Financial Statements for the Year Ended 31 March 2024 (continued)
8 Expenditure on charitable activities
| Audit & accountancy Community engagement Consulting Entertainment Equipment & materials General expenses Insurance IT, software & consumables PayPal fees Postage, freight & courier Printing & stationery Professional advice & services Promotional event costs Rent & rates Site improvement and other site costs Staff training Subscriptions Telephone & internet Travel Wages, NI & pensions Depreciation Previous year expenditure |
Unrestricted funds General £ 3,076 - - - 77 1,044 600 1,263 231 326 846 365 - 7,943 1,205 10 246 799 122 - - - 18,153 |
Restricted funds £ 2,470 30 10,450 353 1,982 2,798 - 939 - - 1,127 19,650 4,682 251 4,356 1,181 2,092 - 1,094 71,280 583 - 125,318 |
Total 2024 £ 5,546 30 10,450 353 2,059 3,842 600 2,202 231 326 1,973 20,015 4,682 8,194 5,561 1,191 2,338 799 1,216 71,280 583 - 143,471 |
Total 2023 £ - - - - - - - - - - - - - - - - - - - 78,133 - 42,023 |
|---|---|---|---|---|
| 120,156 |
A comparative breakdown of the previous year expenditure is not possible as the expenditure was split between the projects, rather than by expenditure type.
9 Net incoming/outgoing resources
Net incoming resources for the year include:
Depreciation of fixed assets
----- Start of picture text -----
2024 2023
£ £
583 -
----- End of picture text -----
Page 15
Friends of Bennerley Viaduct
Notes to the Financial Statements for the Year Ended 31 March 2024 (continued)
10 Staff costs
The aggregate payroll costs were as follows:
| Staff costs during the year were: Wages and salaries Social security costs Pension costs |
2024 £ 74,238 (3,378) 420 71,280 |
2023 £ 70,828 6,485 820 |
|---|---|---|
| 78,133 |
The monthly average number of persons (including senior management team) employed by the charity during the year was as follows:
| Average number of employees | 2024 No 3 |
2023 No 3 |
|---|---|---|
1 (2023 - 1) of the above employees participated in the Defined Contribution Pension Schemes.
Contributions to the employee pension schemes for the year totalled £420 (2023 - £820).
No employee received emoluments of more than £60,000 during the year
Social security costs are showing as a negative due to a retrospective claim for Employment Allowance being made for 22/23.
11 Independent examiner's fees
During the period, the fees payable (excluding VAT) to the charity’s independent examiner are analysed as follows:
| Independent examination | 2024 £ 830 |
2023 £ 750 |
|---|---|---|
Page 16
Friends of Bennerley Viaduct
Notes to the Financial Statements for the Year Ended 31 March 2024 (continued)
12 Taxation
The charity is a registered charity and is therefore exempt from taxation.
13 Tangible fixed assets
| 13 Tangible fixed assets | |||||
|---|---|---|---|---|---|
| Cost At 1 April 2023 Additions At 31 March 2024 Depreciation Charge for the year At 31 March 2024 Net book value At 31 March 2024 At 31 March 2023 14 Stock Stocks 15 Debtors Prepayments Other debtors 16 Cash and cash equivalents Cash on hand Cash at bank |
Land and buildings £ 3,791 115,161 |
Motor vehicles £ - 2,914 2,914 583 583 2,331 - 2024 £ 518 2024 £ 2,734 34,431 37,165 2024 £ 28 46,344 46,372 |
Total £ 3,791 118,075 121,866 583 583 121,283 3,791 2023 £ 1,282 |
||
| 118,952 | 2,914 | ||||
| - | 583 | ||||
| - | 583 | ||||
| 118,952 | 2,331 | ||||
| 3,791 | - | ||||
| 2024 £ 518 2024 £ 2,734 34,431 37,165 2024 £ 28 46,344 46,372 |
|||||
| 2023 £ 564 11,523 |
|||||
| 12,087 | |||||
| 2023 £ - 67,448 |
|||||
| 67,448 |
Page 17
Friends of Bennerley Viaduct
Notes to the Financial Statements for the Year Ended 31 March 2024 (continued)
17 Creditors: amounts falling due within one year
| 17 Creditors: amounts falling due within one year | ||
|---|---|---|
| Trade creditors Accruals |
2024 £ 4,245 996 5,241 |
2023 £ 3,791 1,068 |
| 4,859 |
18 Obligations under leases and hire purchase contracts
Friends of Bennerley Viaduct hold a lease with Railway Paths Limited for the land. The lease is for 99 years from 20/06/22 with a peppercorn rent of £1.
19 Funds
| Unrestricted funds General General Restricted funds Levelling Up fund Bridging the Gap Support with family STEM Eastwood to Bennerley: Green walks and talks for health Bennerley by Bike Total restricted funds Total funds |
Balance at 1 April 2023 £ 44,819 34,930 - - - - 34,930 79,749 |
Incoming resources £ 21,346 108,600 131,424 1,500 1,970 3,556 247,050 268,396 |
Resources expended £ (20,030) (4,974) (118,802) (1,031) - (3,211) (128,018) (148,048) |
Transfers £ 3,145 - (2,331) (469) - (345) (3,145) - |
Balance at 31 March 2024 £ 49,280 138,556 10,291 - 1,970 - |
|---|---|---|---|---|---|
| 150,817 | |||||
| 200,097 |
A breakdown of funds for 2023 is unavailable due to different systems being used.
Page 18
Friends of Bennerley Viaduct
Notes to the Financial Statements for the Year Ended 31 March 2024 (continued)
The specific purposes for which the funds are to be applied are as follows:
Levelling Up fund - Construction of Ramp, Visitor Centre and Car Park;
Bridging the Gap - funding from the National Lottery Heritage Fund for a two year programme of development and activities;
Support with family STEM - funding from Erewash Borough Council for science activities and events equipment;
Eastwood to Bennerley: Green walks and talks for health - supporting charities and service users to enjoy Bennerley, and create a picnic area for families;
Bennerley by Bike - Sustrans supported project to encourage local cycling, with bike fixes, events and guided route mapping around Bennerley.
The transfer from the Bridging the Gap fund to the General fund represents the net book value of fixed assets, the use of which is not subject to any restriction.
The transfers from the Bennerley by Bike and Erewash Borough Council funds to the General fund relates to activities which have ceased, and the release of any restrictions on the use of these funds.
20 Analysis of net assets between funds
Unrestricted
| Tangible fixed assets Current assets Current liabilities Total net assets Tangible fixed assets Current assets Current liabilities Total net assets |
General £ 3,106 47,768 (1,594) 49,280 Unrestricted General £ - 45,887 (1,068) 44,819 |
Restricted £ 118,177 36,287 (3,647) 150,817 Restricted £ 3,791 34,930 (3,791) 34,930 |
2024 Total funds £ 121,283 84,055 (5,241) |
|---|---|---|---|
| 200,097 | |||
| 2023 Total funds £ 3,791 80,817 (4,859) |
|||
| 79,749 |
21 Related party transactions
During the year the charity made the following related party transactions:
Rogers Spencer
Melvin Bailey (Trustee) is a Partner at Rogers Spencer. Rogers Spencer provide the bookkeeping and payroll service for the Charity. A total of £6,900 was paid to Rogers Spencer during the year, with £2,880 of this being for services in advance.
Work for Friends of Bennerley Viaduct is headed by Alistair Allcock at Rogers Spencer. At the balance sheet date the amount due to/from Rogers Spencer was £Nil (2023 - £Nil).
Page 19
Friends of Bennerley Viaduct
Notes to the Financial Statements for the Year Ended 31 March 2024 (continued)
22 Trustees remuneration and expenses
During the year the charity made the following transactions with trustees:
John Scruton
£728 (2023: £96) of expenses were reimbursed to John Scruton during the year.
At the balance sheet date the amount due to John Scruton was £48 (2023: £Nil).
No trustees, nor any persons connected with them, have received any remuneration from the charity during the year.
No trustees have received any other benefits from the charity during the year.
Page 20