Chity registration number.. 1187044 Friends of Bennerley Viaduct Annual Report and FAnaDGial Statement5 for the Year Endcd 31 Murth 2025 Community AccouTh¢ing Plus Unit$ l & 2 North West 41 Talbot Street Nottin8ham NGI 5GL
Friends of Bennerley Viaduct Contents (continued> Reference and Administrive Detsils Trnstee5' R¢port 2to5 StmeArt of Tnle¢s, Resw)Dsibiliti¢s tnd¢pendcnt Examitiels Report St#temcDt of Finala] Aclivities 8t09 Balance Sheet 10 Cash Flow Stal¢ment No¢¢s to the Financial Sta¢¢rnertts 12to22
Friends of Bennerley Viaduct Reference ¥dnd AdministrathFe Detai Trustee9 Melvin Bailey. Co Chair and Tre&%urer James Dawson, Co Chair Jokn Scryton Ronald Yet William Tomson Glynn IA) Sarah Adams Hel¢na Russell Ch#rity ReprtrAtlon Number 1187044 Principal Olltee Castledine House 5-9 H¢hnor Road Llkeston Derbyshire DE7 8DY Independent Euminer Eva St¢v¢ns, employee of Commuttiry Aecountin8 Plus Units l & 2 North West 41 Taibot Strttt NGI SGL nktn HSBC 26 Clumber Str¢¢t Nottin8bam NGI 3GA The CoopeThtive Bank Business Custom¢r S¢rvi¢¢s PO BOX 4931 Swindon SN4 4PL Pag¢ I
Friends of Bennerley Viaduct Trusteesl Report The trustees present the annuhl reFQrt togeth¢T with the fin]81 ststemetrts of th¢ charity for the year ended 31 MaKh 2025. Trnstees and offittrn The trustees 8nd oificers s¢Thing during the year and since the year end were as follows: TNst¢es.' Melvin Bailey, Co Chair and Trca51]rer James Dawson, Co Chgir John Scnrton Ronald Yee Williom TorAson Glynn Lowth Sarah Adams (appointed 15 Juty 2025) H¢l¢na Russ¢ll (aprKJinted 18 Sept¢mber 2025) Elizabeth Woledge. Vi¢¢ Chair {reSigd 26 O¢tob¢r 2024) Nick Tool¢y IresisDEd 16 July 2025) IVthtsir¢ ofgovernins docMmev¢ The ¢harity ig operated widerthe rules of its ¢onstity¢ion adopt¢d 19 Deccrnber 2019 and rnost rccentiy n¢nd¢d 12M&y2021. Reeruilmewl adapPOIn¢en¢0ftrmtCF The Friends of Bennetqey liaduct cary out a ski115 Èudit of current tre¢S whid) identifics knowledge gaps within the board and then o¢tively tskes steps to TecTUit truste¢s a¢cordin81y. In order to bewm¢ familiax with th¢ PT¥CtiGai work of the charity, Irustees rective a copy of th¢ #nnuai report. the constiwtion and the latest fin8n¢ial reports. together with being assigned a buddy (a mentor from the existing trustee board). Th¢y will a150 meet with th¢ Operatiolls Dir¢ctor and txisting tryst¢¢5 as w¢ll a8 being offered opw¥rtunities to visit with the staff team. uMdtrolKlg oftr¥slee5 Additionally, they are invited to attend induction trdining Mthich covets the following ar¢&%'. Governance. b. The ¢onstitution. C. Training and support. d. Roles and responsibilities. t. CoDmiunicatio f. The charity's policies and best pra1 guides. g. The FOBV business plan. h. The risk register. AII tN$te¢$ are then signposted to any thher rd¢vant training throughout the year. Pa8e 2
Friends of Bettnerley Viaduct Trustees, Report (Continued) ArpohgementsforsettinK m#MugenwRlpersonNel rehwNerarfo Pay of the Operation$ Director is set by rcviewing other ¢haritie5 Pay structure to ensure that we are paying a salary which is consistent with the current conditions. Oryonisollomolslrneiure The ttwtees m¢¢t every two months and recendy this has been every ttM)nth du¢ to the work oll the eastern ramp nd visitor centre. Decisions are made at these thjstee's meetings Imrt also th¢ membeTS are invo]ved in dKisi¢)n making at meetings that are held on a regular basis. ObJertlve8 Adiviti Obie£tr qln& Th¢ objects of the CIO are". 3.1) To promote for the benefit of the publie the wnservati¢)n protection and improvernent of th¢ BenD¢TIry Viaduct and the suUndIng or¢a' 3.21 To advan¢¢ the education of th¢ public iti the COD5ervatiO PTOte¢tion and improvement of the B¢nn¢rley Viaduct and th¢ surr04Uhdin8 arew. AdlvldeJ Lh]ring th¢ year the Charity undertaken the followiti8 Aetiviti¢s: . Continued to m8n2ge on the substsntial ptt>je¢l of building the Eastern RattLP, a]ong with a NEW Visitor Centre and Car Pa]k. Thi5 was fimded by tbe I£velling Up Fund now Government Funde4 in conjunction with BTOXtowe Borough Council. . Managed the fall out of th¢ lack of mat¢rial to build the rdmp, and the failure of th¢ first attempt at construction, managing Ill stakeholdcrs to m2illtain momenlum on the project aTLd k¢¢p Broxtowe Borough Council on side. . Cothinued to nMDage th¢ fimding from Sevem Trentforth¢ project'eneath the Bridge: thc life and pty)ple of B¢nnerl¢y MaT5h." . Continued to eDban¢e the ¢ollknrdtion witb the locat ¢ommuDity by puttiDg on etsts ott And underneath the Viaduct during th¢ y¢ar some of which have been fund¢d by various Ch¥ri¢i¢s and orgatiisations. Maintaining a good relatiortship with our m¢mbets includin8 publishiDg a highly inforniativ¢ monthly ncwsletter. • CothiDuoa to work with Volutttetrs ITh¢ Friends) to maTtrt8in 2nd ¢Dh¢t the Viaduct and the 5uTroutrinB Supplied Merchandis¢ to sell to the publie including a book about the history of the vI¢t writtett by J¢ff Winch. John ScrlltoTh ¢onttnued 85 chllir ofthe ITUSt¢es during the financial year 202415, overse¢ing the complex Project to build th¢ r8mp, visitor and car p3rL whtlst continuing kn employ three stsff 4nd gain valuable support from Broxtowe Borough Council. P¥bUc beneJ71 The trnstee5 confirnj that thry h&ve complied with th¢ JrquiremEnts of section 17 of the ChaTitie$ Act 2011 to bav¢ due Trgard io the public btfit guidwJc¢ published by the Charity Commission for En8lw)d and Wales. Pa8e 3
Friends of Bennerley Viiduet Trustees, Report (continued) Use t>lvolHlliÈers Friend5 of Bennerl¢y Vladt rely on th¢ input of its volunteers to carry out ¢wntial tasks in¢ludinB the following= Maintaining the viaduct; Maintsining the area under the viadu¢L including its pathways and natural biodiv¢rsity' Providing guided wa]ks,' Sdling merchandise. As g r¢sult of the abov¢ The Friends of B¢nn¢rley Viaduct could not exist without its volunt¢¢rs. Aeklevem¢Dts oHd performADce • The viaduct wntit)u¢s to be open for public use and is enjoyed and used by walkcrs and ¢y¢li$ts from neAr 8nd far, despite the eastern end being closed to enable the rnmp CODStruction. Managing effectively the frnstMion frlt by the trusteC5, m¢mb¢rs and voluntem ¢allsed by problems and deals with constTuction. FOBV h&$ continued to maitttain its clL8ritable statsis. and follows the guidot)ce issued by the Charity ComEni5sion. It is a Charitable in¢orporated orgonisatiOD. opeIng utthr g cvn5ti1ution available to all. . A 99-year lew is in place between Railway P8ths Ltd (RPL) and FOBV enabling FOBV to have gre&¢¢r cotKrol ond influence over the m8n8getn¢nt and developmenl of the Vladt. This sId on June 2thh 2022. RPL Temain re5ponsibl¢ for the maint¢narKe of the structure of the viaduct. . The NlOaL b)tt¢ry Heritagc Fund INLHF) Bridging th¢ Gap proje¢t succe5$fully Completed in Mar¢h 2023, having established and dcyeloped th¢ Charity Wtth the appointment of 3 s¢8ff to ¢xplor¢ the opportunitie5 to develop a ran8¢ of activities at the viadu¢ explore the firture finan¢i81 viability of FOBV, develop the resilien¢e and sustainability of the organisotion. The charity ¢ontinues to fiuhd the rtaff posts Gre¢d by this project. aDd look to apply for a fvTther lottcry fided project irt 2025, continuing th¢ MoMenM created onc¢ the nStntiOn of the ea5t¢m ramp, visitor centre and car park is finalised. . FOBV has partnered with KimbeTl¢y Towryj Coun¢il and Broxtowe Borough Council to gain a Levelling Up grant from the then Departtneni for Lev¢lling Up. Housing and Communities IDLUHC). This was announced in January 2023, so that FOBV i5 able to ¢onstruct easi¢m ramp, visitor ¢eThtre and car pwing. An architect #nd planning consUlt9t were apwinied And a planning application ac¢¢pled in late 2023. Extensive negotiations ad consultstions took place with thjstees. members and voluters, RPL and Harworth Esta$ aDd Broxlowe Borou8h Council. Successful negotiations have tsk¢n place with Harworth regarding the potential fi]ture transfrr of land at the eastern end of the viadu¢t to the Friends for the erection of th¢ ramp, visitor ¢entre gnd park. These Should be wtnpl¢t¢d by October 2025. Work to complete phase l of the proJt to build the ramp continues, following a tendering process in 2023 and problem5 encouiitered durin8 constru¢tion. Work on phase 2 of the project to bulld the visitor centre 4nd ¢ar pwk commenced in September 2024 after another tend¢rin8 proce5S. . FOB continues to benefit fTom an active and engag m¢mb¢rship and a numb¢r of active volunte¢rs, without which it wuld not fjjnction. . AnothEr $u¢¢¢$$ful application has b¢¢n made io Sev¢rn T1 for fiffther ndIng io d¢v¢lop the nature rr5en'¢ undeT the viadu¢t, ¢alled "Beneath the Bridge.. the lif¢ and people of Bennerley Marsh" £67,307 ha5 bcen r¢c¢ived from The Severn Trent Community Fund. WO continucs on this project. . Th¢ POB V fin8rt¢iai rewt for 24125 Iw been circul&ta with the AGM papers. tt shows FOBV to b¢ in 50und financial health. Pag¢ 4
Friends of Bennerley Viaduct Trustee8' Report (eontiDued) Fln#Dei#l review Total income for tho yetr nCreed from £268.396 tts £733,548. This is due to the fimds r¢c¢iv¢d from Broxtow¢ Borough Council in respect of the IKvrllin8 Up Fund, now Government Funditig. This is to be used to constrnth the Elstem Ramp. provision of avisitor ccntsr znd a ¢axpark. Expenditure h&8 de¢r¢as¢d from £148,048 to £91,448. The re&8on for the decre&8e in ¢xp¢nditure. compared with income És th¢ f8¢t that much of th¢ ¢xp¢nditure during the year has been treated a5 fixed assets, as it relates to the profc5sion81 fte8 and nstruCtion Costs in rcspcct of the Visilor Centre. The oth¢T re0 for the de¢rease is that th¢ Bridging the Gap projectwas completed in the year enda 31 March 2024. The unrestricted fund$ hav¢ decreased by £5,873 and free reserves now am01 to £41,659 (2024.. £46,174). Fixed assets have increased ¢onsi&rably due to ¢apita]ising the pTof¢ssionai fee5 and constrttIOn costs the Eastern Romp and Visitor centrc project. Ekbtors included an amount due from the National Herilage Lottery Fund in the previous year. The bank balanc hgs inereag&4 considerably due to holding monty Éo be speni OD the istruction of the visitor centre. Deferred income of £413,758 has been providcd for the proje¢t based on the perfomianee of the ¢ompl¢tion of the contract whi¢h will take plate in the year ¢nded 31 March 2026. Pollty ru¢rv&r The trustees fcel ihat they should hold £20,000 a5 fre¢ reserv¢$. As the free r¢serve8 CUtr¢ntly wnount to £41,659 then that target is cutyently bein8 meL Mojor oRdm4nq¥ementofthL•s¢rtsks Significant external risk8 to in¢ome are eontinually reviewed to ¢nsur¢ suffi¢i¢nt futhl$ ar¢ in place. tntern81 riskg miwmi%d by the implttentstion of procedures for athhDrisation of all transa¢tion5 to ensure colS1ent quality of delivery for ail operational aspects of th¢ ¢harity. These pro¢edures are periodicaily reviewed to ensur¢ that thry still meet th¢ ne¢ds of the charity. The bosrd of hav¢ a risk map whi¢h is r¢vi¢w¢d at trustees Meeti to ensujr that Lt is up to dak aThd includes all the risks faced by the charity. Plalls for htllrt periods andky obiedlvuf&rfylAreperio Th¢ trustees are looking fotW8rd to rulhning th¢ visitor ¢entre inch1#% the c8r park and developing the area along with Broxtowe Borough Council #nd Haworth Eststes. As fiuMlin8 is ¢xtr¢m¢ly tighL the trllstees will b¢ endeavouring to se¢ur¢ firture fiEDdiMs for prOjts which involve both th¢ Viadu¢t and the visitor centre. Page 5
Friends of Bennerley Viaduct Statement of Tru5tee8' Re8poDsibllities The trusttts are responsible for preparing the trusts¢s' r¢port and the financial Stat)ents in accordan¢e with th¢ United Kingdom Ac¢ouoling Standards (United Kingdom Gencrnily Accepted AUntiTr¥ Practice) and &pplicabl¢ I and regulations. The law appli¢able to charities requireg the tNst¢¢s to prepare fmanci41 statements for each finaD¢ial year which give a iTUe athd fair view of the stste of affairs of th¢ ¢harity and of the incoming resourcLs and appli¢ation of r¢sources of the clwity for thai period. In preparing these fu)anGial stst¢menL% the thJste¢5 Are required to.. sele¢t suitable actounting policies and then apply them nSistentIy. obse¢ the OJeth¢)ds attd principles in the Charities SORP. make judgcrnents and ¢stimates thai ar¢ r¢asonable and pNdenl state Wheth applicable ac¢ountin8 Stattdards hav¢ been followe4 Subject to aDy material deparlures disclosed smd explained in the financial statementy; 8nd prepar¢ the fmanrial statements on th¢ goiDg conc¢rn basis Unless it is in8ppropriat¢ to tffe5urne th&1 the charity will coThtinue itt busin¢58. The trustees are responsibl¢ for keeping proper acwunting records that disc105¢ with reasonable ac¢urdCy at any time th¢ finaneiki position of the charity and enable them to ensure that the ruWla1 st8tem¢nts wmply with the Chariti¢s Act 2011, the Charities {A¢utS and Repo} Regulations 2008, and th¢ provisions of the rnStitirtLO. The trustees ar¢ also responsible for safeguarding the Sets of the charity and hence for t*kiti8 reasonable st¢ps for the prevention and detection of fraud and other irregularities. The trustees w¢ re8ponsible for th¢ maintenan¢¢ and integrity of the ¢orporat¢ and farL¢1] inforn)alK)n includcd on the Charitable compatsy's wcb5it¢. Legislation governing the prepavation and dissemination of fingJ)¢ial ststements tnay differ from legislalion in other jurisdictions. Approved by the tNsiees of the charity OJ) ...... ..... ..... . and signed ott its behalf by.. Jam¢s Dawson Trustee Pag¢ 6
Friends of B¢nnerley Viaduct Independent Euminerl8 Report to the trustees of Friends of Bennerley Viaduct IDdepelldent txmlDer's report ts the trnstees of Friends of BenDerleyVIAdurt I report to th¢ trustee5 on ]Dy examinion of the acwunts of Friends of Bennerley Viadurt (the Charity) for the year ended 31 March 2025. R¢8ponslbUllles and S1$ of report As the trustees of the you are reSnSible th¢ pT¢patatiOll of the a¢¢owits in 8ceordan¢e with the requirements ofthe Charities Act 2011 Cthe Art.). I r¢port in r¢spxt of my examination of ihe Charity's attounts ehrried out ullder s¢¢titsn 145 of th¢ 2011 A¢t in Lwing out my examination I h2ve followed the 4)plicable directions given by th¢ Charity Conunission under section 145(5Xb} of the Act. IDdependeDt ¢i•miner'$ stst¢mellt Sin¢e the chIty'S gross income exceeded £250.000 your &xamin¢r must b¢ a membcr of a body listed in sKtion 145 of the 2011 Act. I Confirm that l am qua]ified to undertake the examination because l am a m¢tnber of th¢ Charted Institttte ofPublic Finattce aDd AKountan¢y (C]PFA), which is one of the listed bodies. I have completed tny examination. I cotLfum that no m&tt¢Ts hav¢ come to my attention ia ¢omie¢tion with th¢ exHmiD&tion 8iVtn8 me cause to believe thot in any material respect.. l. ac¢¥Jwitin8 re¢ords w¢r¢ kept in respect of the Clwity Ys Tequired by s¢di¢)n 130 ofthe Aetr, or 2. the accounts do not &ccord with those tt¢ords' or 3. the acco)ts do not wmply with th¢ a¢U1]llg requirern¢nts nIng th¢ forni and content of accounts s¢t out itb the Ch&ritie5 (Accounts aDd Rert4} Regulations 2008 oth¢r than #ty requirem¢nt that the accounts give a'true and fairf view which is not amatter ¢onsider¢d a5 part of indetwdent ¢xaminalioD. I hov¢ no ¢on¢ems and have COllL¢ arr055 no other Matters in co]Jnection with the examinlon to which attention should be drawn in this r¢port in order to enable a proper und¢rstanding of the a¢)Unts to be reached. Eva Steve , BSC. CPFA. ttnploycc of Community Accountin8 Plus monber of the Chartered Institute of Pyblic Fin4nc¢ and A¢counthcy (CtPFA} Units l & 2 North W¢5¢ 41 Talbot Street Nottingham NGI 5GL 1911112025 Pase 7
Friends of Bennerley Viaduct Statement of Financial Adivities for tbe Year Ended 31 March 2025 Totsl 21125 Totsl 2D24 UDrutricted Restricted Note In¢orne and EndowD)ents from: th)nations and legacies Charitable activities Other trading ictivities Inv¢stmenl income 4.455 14.495 2,870 4,455 724202 1870 2.021 6.116 257.102 4,048 1,130 709.707 Tot&1 lttcome 23,841 709.707 733,548 268.396 Expenditure on: Raising fvnds cTitsb1¢ activities {1,747) (35,135 {50) 54,516 (1.797) (4.5771 (143,471) Totd Expendilure Net (expenditureyinme GTOS5 transfers bctwcrn funds 36.882 54.566 91.448 148,0481 (13,041) 7.168 655.141 (7,1681 642,l¢JO 120,348 Net movement &ll ffiJnd8 {5,873) 647,973 642,100 120,348 R¢¢oneiliation of fun Toial fund5 broughi fornvard 49,280 150,817 79,749 Total funds catti¢d fornvoTd 20 43.407 200,097 All of the ¢h8rity's activities derive from wntinwng operation5 during the &bov¢ two periods. The fund5 brcakdowt) for the p¢riod is thown in note 20. The notes on pages 12 to 22 form an integral part of th¢se financial statements. Page 8
Friends of Bennerley Viaduct Statement of Financial Activitie$ for the Yer Ended 31 Mg4r¢h 2025 (continued) Th¢¥¢ 4r¢ the figures lor the previous afcovlltiDg perffiod are ineluded for eompartiYe purptss¢s only Total 21124 UnrestrSrted Rtatricted Note Intome #nd EDdowthettts from: lknties and le8acies Cbarltable activities Othtttradin8 aetivilie5 ]nvestment income 6.116 10.052 4,048 1,130 6.116 257.102 4,048 1,130 247,050 Total Income 21,346 247.050 268,396 EJpenditure OD: BAisiDg fund5 Charitabl¢ activili¢5 (1.877) 18,153 {2,7001 125.3181 (4.577) 143,471 Total ExwiditutE 20.030) (128,018 (148.IM8 N¢t jnwme 1,316 3.145 119,032 3,145 120.348 Net movement in fimds 4,461 115,887 120.348 Reeoll¢ilition of funds Total fund5 brou8ht foThvard Totsl funds Carried forward 44.819 34,930 79,749 20 49,280 150,817 200.097 The note5 on pages 12 10 22 form an integral part of these financial stments. Page 9
Friends of Bennerley Viudu¢¢ (RegistratlOD number: 1187044) BAlanee Sheet as at 31 March 2025 2O2S 2024 Note Ftsed assets Tangible ¢ts 13 752.050 121283 CMrr¢n¢ 485¢ts Sto¢k8 Debtors Cash at bat)k and in band 14 1,435 21,792 513,057 518 37.165 46.372 15 16 536,284 84.055 Creditort: AmouDts flling du one year 17 417,188 152411 Net evrrent assets 119,096 78.814 Totsl ets lesj current libilltles 871.146 200.097 Creditstrn: Amounts flling due gfter nwre fb oDt year Is (28,949 842,197 Net a$Jets 200,097 Funds ofthe th&rlty: Restrletrd ineome Restricted funds 798,790 150,817 Unre8trlcted InMe fuDdg Ut)T¢stri¢t¢d 49,280 T11 fundry 20 842,197 200.097 ial stat¢mettts on pag¢s 8 to 22 w¢T¢ approved by the tntyt¢¢s, and authcriscd for is& on . and sigtted on their behalf by: Melvin Bailey Th¢ notrJ on pages 12 to 22 fom) an ititegral part of thc5e financial stthments. Pa8e 10
Friends of Bennerley Viaduct Cash Flow Statemenl for the Year Ended 31 Marcb 2025 2025 2024 C*sh lloyn fronj optr¥Jtin8 activities inwm¢ 642.100 120,348 Ad111ents to cath flows from Item• 583 2,021} 640.662 583 1,1301 InvestDWIt incorne 119,801 Worklng capltgl idJll8lmellts IIn¢reaseyde¢re&s¢ in stocks Decre8sel{incre&8e) in debtors lrtcrease in ereditor5 Incretse in deferffed inwme 14 15 17 18 (917) 15.373 27.138 413,758 764 125,078) 382 Net cash flow$ frojn operating activities C•$b flows from investint #etivities Interest receivable and similar income PuTEha5e of tangble fixd assets N¢t cash flows from investing activities ,096.014 95,869 2,021 (631 J50 1,130 (l E8,075) 13 1629.329} (116,945 Net incrwcl{decre&8e) in cpsh alhd equtvalents Cash and ¢ash equivalents at l April C&8h and equivalents at 31 Mah 466,685 (21.076) 46,372 67.448 513.057 46,372 Reconciliation of Det cAsh flow to movtment ill net fvnds In¢reas&l{de¢rease) in Cash 466,685 (21,076) 67,448 Net funds At l April 2024 Net fund5 at 31 March 2025 46.372 513,057 46,372 All of th¢ ¢ash flows are derived frotn Gontinuing operation5 duTiD8 the above two periods. Th¢ notes on pages 12 to 22 forni an inte pirt of these fjnanciai stat¢m¢nts. Pa8¢ 11
Fri¢nd$ of Bennerley Viaduct Notes to the Financial St*tsmeDts for the Year Ended 31 March 2025 l Accounting poliries Ststement of compliance The financial ststem¢nts have been prepared in 4ccordan¢¢ with the second edition of the Charities St4t¢ment of RccommeDded Pra¢ti¢e issued in October 2019. tbe Finan¢ial Rerx)rtin8 Standard applicable in the Unikd Kingdom and Republi¢ of Ir¢laThd (FRS 1021 aTMI the Chtirities A¢t 2011. Ba819 of pr¢paT8tIo Friends of B¢nn¢rl¢y Viadud m¢¢ts the definition of a public benefit entity undcr FRS 102. Ass¢ts and liabilitie$ are initially re¢ognis¢d at historical st or IT¥s¢t101) value unl5 othmvisc Stated in the relevant aryountiThg policy note5. Going CQD£ern Tr financid sthtements have been pr¢par¢d on a ¥oin8 con¢¢rn basi$. The Irustces a5se5s whether the use of goin8 concern is appropriat¢ i.e. whether there are any m&ierial un¢¢rtainti&8 related to ever or wnditions that may ca5É 5igDificani doubl on th¢ ability of the ¢harity to tinue as a going concern. The Ite¢S m8Jte this ass¢5Sm¢llt iti respect of a period of one y¢u frotD the date of approva] of th¢ finon¢ial Statements. At 31 Mareh 2025 the Charity had free reserve5 of £41.659. The trust¢¢$ feel th this 15 sufficienl provided that it can be maintsincd at that level for the charity to continue for one y¢ar from the date of approvithg the c¢ounts. The tn]5tee5 also rectsgnise that fundinK will k required for the rut]ng of the vi51tor Gentre and are therefore seeking additional fuDds to seru the ¢harity in the firture and a]so provid¢ suffi¢i¢nt working capital forthr runniog of the visitor (%ntrt. ltseome #Thd endowm¢Trts Voluntory incorne including donations, gifts. l¢gacieB and 8rdnts that provide ¢ore fijnding or art of a 8eneJ¥l ature is r¢cognised when the charity has entitlement to thc In)me. it is probable that th¢ inwme will be reGeived attd the amount can be me8sur¢d with 5uffi¢ient reliability. 4ndlegacle% Donations and Itgacies are reco8nised OD a r¢ceivable Imsis when receipt is probabl¢ and the amouni can be reliably Med. Grnnts receIVbIt Grants are recognised when the charity bas an entit]emeni to lh¢ funds and any conditions linked to the grat)ts hav¢ be¢n met. Where pcrfomante conditions aTC attached to the grant and are yet to be met. the ittcome is recognised as a liability and included on th¢ balanee shed as defetred income to be leased. DeferrediNcome Ikferred income repres¢M$ amounts received for future periods and is relea4ed to incoming rewurces in the nod for which, it iw been received. Swh ineome is only d¢ferred when: . The donor sp¢¢ifi¢s that the gmt or donation must only be used in firture tsnting periods,. or . The donoT has imposed conditiorts which must be met bcfore the dharity has unconditional entitlement. P4ge 12
Friends of Bennerley Viaduct Notey to the Financial Statements for the Year Ended 31 March 2025 {¢ontinued) E4)eDditu All expcnditure is recognised on¢¢ th¢r¢ is a legal or ConStCtive obligation to that expellditure, it is probabl¢ settlement 18 requitEd and the amounl be rneasured reliably. All costs are 8lloc2ted to the appjicable expenditure h¢ading that aggregates similar costs to that category. Where costs ¢nrEot b¢ directly atiributed to particular h¢adillg5 they hgve been allocated on a basis ¢on$islent with the use of resour¢es, with central stsff costs allo¢aied on the knis ol time spent, and depreciation charge$ allocatrd on the portion of the asset's use. Other support eosts are alld based on the spre&d of staff costs. RoLfl#gfvxds These arc costs incutred in attractiD8 voluntary in¢ome. the matt4ement of investments and thos¢ incurred in trading activitie5 that raise filnds. Charitable expertditurt eomprise5 th03¢ ¢osts incurred by thr charity in thc delivery of its a¢tAvities and s¢rvi¢es for its benefici4ri45. It includes iKth costs that can be allocated dirxt]y to such activities and thos¢ ¢osts of ID indirect natwe necessary to support ttkm. Gov¢rDIDeDt gr#Dts &)vernm¢rtt grants are reco]sed based on the accrual nM)del and are rn¢d at the fair valu¢ of the 93set received or r¢cetYabl¢. Grants Classified as relating either to revenue or to &s$ets. Grants relating to revenue ar¢ re¢ognis¢d in income over the period in which the r¢lat¢d costs ar¢ recognised. Grants relating io Sets are T¢glS¢d over the expected useful life of the Wh¢T¢ part of a grant relating to an wset 1$ def¢rr¢d. it is ¢ogni5d a5 dEf[¢d income. TxAtio Th¢ ¢harity is wnsidered to pas5 the tests set out in Paragraph I S¢hethile 6 tsf the Financ¢ AL 2010 and therefore it meets the definition of a cbaritabl¢ Company for iJK ¢orporation t&x purposes. Accordit)gly, the ¢harity is ptstentia]ty exempt from t2xion in resp¢¢t of tncome or capi] gains received within ¢ategorie$ eovered by Chttr 3 Part i i of the Corporation Tax AGt 2010 or Scction 256 of the Taxation of Ch8rgeabl¢ Gains Act 1992, to the extent that such ineome or gains are applied exclusively to charitable purposes. T8ngible fixtd assets ]ndividua] fixed assets costin8 £1.000.00 or more 4r¢ initially rrcorded at cost. Depreeiiion •mortisalioD Deprlation is provided on tangibl¢ fix¢d assets 50 AS to TNrite off cost or valuE4tioN lus at]y estimated TidUAl value. over their eXpted UfvI e¢onomi¢ life as follows: Depredtloll thd and rate 5 yeat¥ straight lin¢ In the course of ¢onsIntIo tb¢r¢for¢ no depreciation General ¢quipment IAnd and buildings Stotk Stock is valued at the lower of wst atMI ¢s¢irnated selling price less costs to ¢ompl¢te ond sell. after due regard forobsolete and slow Thvins Jto¢k$. Cos¢ is d¢t¢rn)in¢d using the first-in. fithut (FIFO). P88e 13
Friends of BenDerley Viaduct Iyotes to the Financial Statements for the Year Ended 31 Mareh 2025 I¢oAtinued) Trnde deb¢0 Trade debtors are amounts du¢ from Gustomers for merchandise sold or s¢rvi¢es p¢rfoTmed in the ordin urse of busine5S. Trade debtors gre recognised initity at the tTaDsaction pric¢. They ar¢ subs¢quently measured at 4mortised cosl sing the eff¢¢tive interest metho& less provision for impatrrn¢nt. A provision for the lmpaimiet of debtors is established Nthen th¢r¢ 15 objective evid¢n¢e that the charity will not b¢ abl¢ lo wllect 1 outtts du¢ according to the original lern15 of the r¢c¢ivables. C•sFL And cAsh equivltDts CAth and ¢ash equivalents cimnprise ¢4sh on hand and call deposits. and other short-tetm highly liquid iTrve5tmeDts that ar¢ readily convertiblc lo a known wnount of Cash and are subject lo aD in5igDifieant risk of change in value. Trde credilors Trade ¢reditors 2r¢ obligatiODs lo pay for goods or SeTViC¢5 that have b¢¢n aquired in the ordinary course of business from suppli¢rn. Accounts payable are ¢lassified 8$ cfftnt liabiliiies if the charity docs not have an un¢ondTtiona] right, at th¢ end of the reportin8 riod. lo d¢f¢r settlement of the creditor for 91 least twelve months after the TeportiDg date. If th¢r¢ is UCOndItiOnal righi to defer 5ettjernÈ foi at least Iwelve months after the r¢pOrt1 date, they are presented as llon-cumt liabilities. TYAde creditors are rccogn15ed initially at th¢ transaction pri¢e subsequ¢nily measured at amortised wst sitig the effective interest method. Fund strutture Unre5trithd inrne funds art general fimds that are 4v8ilable for use at th¢ th15t¢¢s' dijorelion in firf]eran¢¢ of the objectives of the chlty. Restricted incornr funds are those donated for usc in & particular area or for specific purposw, the use of whith is r¢stricted to that area or purpose. PeDsAtsns othèr post retiremtDt obliggtions The ¢harity operates a d¢fin¢d contribution pensitsn s¢heme which L5 ll pension plan und¢r which fixed ¢ontribution5 are paid into a pension fimd and the charity tjo l¢gal or congtructive obligation to pay fi]rth¢r contribution5 evEn if the do not hold sufficient assets to pay all employees the benefits r¢lating lo employe¢ service in the CUfTent and PriOT periods. Cojjtributions to defined wntribution plans ar¢ JY£o8nised in the Statement of Fin¢181 Adivitses when they aTe due. Lf contribution payments exeeed thc corttribution du¢ for service. the excess is YelSed a prepayment. Page 14
Friends of Bennerky Viaduct Notes to the Financial Ststements for the Year Ended 31 March 2025 (eontinued} 2 Income from dontions and l¢p¢ie¥ Unrestrlcted Dd5 Gtneral Total 2025 Tot1 2024 Donations and l¢gaci¢s' Donations from Individuals Gift aid reclaimed Granty including c4Filal 8rnms' 2,955 19JS 4,998 126 i.sty) 1.500 992 4.455 4.455 3 Inetsme from dMrhAbie 8etivities Unrestrltted funds G¢ner•l Restrirt¢d funds Total 2Sll5 T•)t&l 2024 Grant5 & donitions Manog¢m¢nt ¢h8rge Membership Other irtcomc 709,707 709.707 i 1,000 3212 283 247,050 9,500 550 11.000 5.212 283 14,495 709,707 724,202 257.102 4 Ineome from othew ¢r4ding a¢tivi¢ies U]JreJtricted Dds G¢ller41 Totil 202S Total 2024 Trading income; Sales of goods and seThices 2.870 2,870 4,048 2,870 2,870 4,048 5 Inves¢mettt incotllt Unrestricted funds General T•tsl 2025 Totsl 2024 I£r¢st ¢¢IVable omd simiigr income,. Interest receivable on bank deposits 2.021 2,021 1.130 Page 15
Friends of Bennerky Viaduet Notes to the FinaDeial Statements for Ihe Year Ended 31 Mar¢h 2025 (continued) 6 Gr&Dts #nd donAtions Unrestrict fndS Retted fuDds Tfjtsl fun Broxtowe Borough CounGiI Severn Tremi Community Fund Nationa] Lottery Heritage Fund Individu donations Er¢wa5h Borough Council 636,242 67,307 5.990 168 636242 67,307 5,990 3,123 iJoo 2.955 I,500 4,455 709.707 714,162 7 ElpeDdi¢u on rAising fullds 4) Costs of trAdlAg avItIeS Unre5tritttd Restrlrttd Dds Totsl 2025 Totsl 2024 GeD•r*l Costs of goods sold 1.747 50 ,797 4,577 1.747 50 4.577 P4g¢ 16
Friends of Bennerley Viaduct Noteg to the Fittan¢ial Statements for the Year Ended 31 Mareh 2025 (continued) 8 ExpeDdlthrt eh*rltsble aetivitiel fund$ Generaj Totsl 2025 TotAI 21124 ruDds Audtt & aOI>t)cY Cleaning Cojllrnunity eDwemenl Consultin8 EnteinMent Equipm¢nt & materials General expenses 1,038 13 5.265 14 67 5.775 56 1.914 690 6J03 27 67 5.775 56 1,919 766 821 1,678 308 5,546 30 10.450 353 2,059 3.842 600 1202 231 326 1,973 20,015 4,682 8.194 76 821 1.258 308 149 1.091 995 IT. softw¢ & consumables PayPal fee5 Postage, freight & ¢owi¢r Printing & ststionery Professional advice & services Promotional evellt costs Rent & rates Sit¢ impTovement And other site 420 149 1,136 3,485 45 2.490 5.750 39 5,789 1.711 1,762 3,473 5,561 1.191 2.338 799 1.216 71.280 583 Staff training SubsLYiptions Telephone & internet TT8vel Wag¢$, Nl & pension$ Depr¢¢iatioD 18 712 180 20.427 583 934 10 242 34.793 952 722 422 55220 583 35.135 54,516 89.65l 143,471 9 Net iDcQmiTrOUtg0jg rtwurc¢s Net in1 reSoUtS for the year in¢lude.' 2025 2024 Depreciation of fixed Sets 583 583 Page 17
Friend$ of Bennerley Viaduct Notes to the FinAncial Statements for the Year EDded 31 March 2025 (continy¢d) 10 Stff Costs The ag8r¢gate payroll costs as follow$." Z025 2024 Stsff costs during the year were: Wages and salaries Social 8rfurity Costs P¢nsioD costs 54,397 74238 {3 J781 420 823 55,220 71280 Th¢ Monthly averng¢ number of t¢noffis (including senior management team) employed by the charity during the ye8r Wds as follows.. 2025 2024 No Av¢rng¢ number of employee$ 3 (2024- 1) of the above ¢mploye¢s participated in th¢ D¢fin¢d Contribution P¢nsion S¢hemes. Contributions to the employee pension Sc1cS forth¢ year totsll¢d £823 (2024- £420). No employee received emolumeths of moT¢ th8n £60,000 dwing the y 11 Independ•Dt examiner's fees Dwing the period, th¢ fe¢& payable (¢x¢luding VAT) to the chatity's independent examiner are #ttlysed as follows.. 2015 21124 Independ¢nt ¢x¥mination 865 830 P&g¢ 18
Friends of Bennerley Viaduct Notes to the Financial Statements for the Year Ended 31 Mar¢h 2025 (CODtinu¢d} 12 Txtioll Th¢ charity 15 a re8i5tered cbwity and is th¢refote exempt from ¢orpornlion tsxation. 13 Tangible fid ssBets ialld #Dd buildin GeDeral equipment Totsl At l April 2024 Additions I l8.952 631.350 2,914 121,866 631.350 At 31 2Q25 750,302 2,914 753,216 DepTeciAtion At l April 2024 ChaTg¢ for the year 583 583 583 583 At 31 MaTch 2025 1,166 l%et book value At 31 M8r¢h 2025 750,302 1,748 751050 At 31 Morch 2024 118,952 2,331 121283 14 Slock 21125 2024 Stock5 1.435 518 IS Dobtor 2025 2014 PTepayinents Other debtors 3.446 18,346 2.734 34.431 21.792 37.165 16 C8sb ind eash equivalents 2025 2024 28 46.344 Cash at bat)k 512,977 513.057 46.372 Page 19
Friends of BeDnerley Viaduct Flotes to the Financial StatemeDts for the Year Ended 31 Mareh 2025 (¢ODtinued) 17 Creditors: #mounts f4lling due withiti ye#r 2•25 2024 Trade creditors Other t&xalion social s¢¢urity Other ¢r¢ditors Acfflials Deferred inctsme 1,195 936 261 1.038 413.758 4,245 417,188 5,241 18 Credilors: mounts falllDg dllÈ aiftÈr one year 2025 Other creditors 28,949 IY Obiig8tiow under leaJe8 ind kire purch•¥e £ontrcts Friends of Bennerl¢y Vigdud hold a lease with Railway Path5 Limited for the land. The le¢ is for 99 years from 20106122 with a peppercorn rent of £1. 2(1 Funds BaiaDce #t 31 Marth 2025 Balante at I April 2024 Resources pended resources TraDJfers Unrestrlcted fun 842.197 Page 20
Friends of Bennerley Viaduct Note8 to the Flnan¢ial Statements for the Yeg4r Ended 31 March 2025 (eontinDed} BAlirtce It 31 March 2024 BAIDee #t I IDcomlng April 2023 rtour Rtwurtes txpended Transfers Unrestricted fwidB Genernl General 44.819 21.346 (20,030) 3.145 49280 Re5tri¢ted L¢velling Up FJnd Bridging the Gap Eashyood to Bentterley: Gr¢en walks and tslks for health Supportwith famity STEM B¢nnrrl¢y by Bffte 34.930 108.600 131.424 (4,974) {118.802) 138,556 10,291 (2,331) 1970 iJoo 3J56 1,970 (1,031) (3311) (469) 1345) Total reslrlet•d fund8 34.930 247.050 (128,018) (3.145) 150.817 Total fuD 79,749 268.396 (148,048) 200.097 The specific purposw for which the fimds areto be applied ore os follows: L¢v¢lliD8 Up fjJnd- ConstnKiion of Rwnp, Visitor Centre 8t Car Park. Bridging the Gap - fundittg fiK)m the National IA)ttery H¢ritsg¢ Fund for a two year ptDyatnm¢ of development and a¢tiviiies' EastWd to Bennerlty: Gr¢en wa]ks and tsjks for health - supporting charities and service usrr5 to cnjoy B¢nneriey. aE Create a picnic area for families. 8¢vern Trent Proj¢ct- S¢vem Tr¢nt Funding h&% been 8iV¢ll to fut the projed B¢n¢ath the Bridge: the life And people of Bennerley Marth. Er¢wash Bridge- fimdxtig for the construction of a ncw bridge over the River Er¢wash next to the vi¢t. These restricted funds end¢d in th¢ previous financial yux.. Support with farnily STEM - fundiDg from Erewash Borough CoutLciI for scien¢¢ a¢tiviti¢s #nd events equipmen( Bennerlry by Bik¢ - Su5tr8As supporta project to encourage local cyclin& with bike fixes, eyents and guided route rn4Jping arowid Bennerley. The trnmsfer from the Bridgll18 the G4> to the Oth¢r8] fimd relates to &¢tivitie5 which have ¢¢ased. the release of any restri¢tio]Js on th¢ us¢ of these funds. Page 21
Friend$ of Bennerley Viaducl Notes to the Financial Statements for the Year Ended 31 March 2025 (continued) 21 ADaJysi$ of net sssets between futhds Unrestrirt 2025 Totsl t)mds Restricied Tangible fLKed ets Current assets Current liabilities CTcditots over l year 1.748 45.089 (3.430) 750,302 491,195 {413,758) 128,9491 752.050 536.284 (417,1881 128,949 Total n¢t ass¢ts 43,407 798.790 842,197 Unr¢strleted 2024 Totsl General Restrleted Tan1¢ fixed assets cent assets Current liabilities 3,106 47,768 11,594) 118.177 36,287 (3,647 150,817 121283 84,055 {5,2411 Totsl net assets 49,280 200.097 22 Related pirty tr8n59ctions During the year th¢ charhty made the following related p•ity traiisa¢tions: Rogers Spenter Melvin Bail¢y lTrust¢e) is a Pather at Rogers Spcncer. Rogers Spencer provide the bookkeeping and payroll seNiGe for the Charity. A total of £5.976 12024.. £6,900) was paid to Rogers Spencer durirt¥ the ye8x, with £2,490 (2024.. £2,880) of this bEitig foT servi¢¢s in kdvattce. Work for Friends of Bennerley Viaduct 15 headed by Aii51air AIIc4)ck at Rogers Sp¢n¢¢r. At the balanc¢ sheei dat¢ th¢ amount due tolfrom Rog¢TS Sp¢Dcer wds £Nil (2024- £Nil). 23 Trnste¢g remllDer*tion and txptiises Duringthe year th¢ ¢h8rity mad¢ the followillB traA8a¢lions with trLL%tees." Jvbn S¢rn¢on £342 (2024.. £7281 of expenses Thrre Teimbursed to Johll S¢Nton during the year. At the balance sh¢et date the arnouni due ¢0 John Scnrton £Nil (2024.. £481. No trustees. ttor any Pet$ cOnDted with them, have recgiv¢d ony remuneration th)m the charity durin8 the year. No tntstees hav¢ re1Ved any other bcn¢fits from the charity durin8 the year. Pog¢ 22