Charity Relistratlon f40. 1194056 THE ROPEWALK IBARTONI LTD ANNUAL REPORT AND UNAUDITEO FINANCIAL sfATEMENrs FOR THE YEAR ENDED31 March 2024
THE ROPEWALK (BARTON) LTD LEGAL AND AOMINISTrATIVE INFORMATION Trustets M5 A Wallis (Chalrl M5 V 6is5ett Mr T Millum Ms C Leaning MrNr Secretary Ms A Bennet Charfty rnlmber 1194056 Colanynmb•r 12830491 Pthdpal addre55 The Ropewalk M8ltkiln Road Barton4JpOHUrnber North Llncoln5hire DN185 Reibtered office The Ropewalk Mahklln Road Barton4Jpon-Humber North ncOlnshiTe DN18 5JT Independem •xamlner A P RotrAnson & Co (Grlmsbyl LLP Chartered Accolmtants 107 Cleethorpe5 Road Grimsby North East Llncolnshlre tW313ER
THE ROPEWALK (BARTON) LTD CONTENTS Page Trustees rekX)rt Independent examlner's report Statement of fin8ncid actlvitles Balance Sheet Notes tothe flnanclal statements 6-12
THE ROPEWALK (BARTON) LTD TRUSTEES REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH2024 The Tnjstees presentthelr rekKJrt financial statemer¥ts forthe year ended 31 Marth 2024 The accounts have been prePad In 8ccordante with the accwnting pol1cl set out In note I to the accounts and comply wtth the charlty's Bovernln8 documenL the CompanSes Act 2006 4nd ~Accountln8 and Re)rting by Charitles.. Statement of Recommended Pradice applicable to charltles preparfn8 their accounts in accordance wf(h the finandal RepN)rting Standard applicable in the UK and Repu1£ of Iland IFRS 1021" las amended for accountln8 periods commencln8 from l January 20161. Ob Ives and A¢tl¥liles The Charlty objects are the advancemert of publlc appredatlon in, the art5, culture. heritage and ScIee, In partltular Iwithout Ilmrtationl by.. al the establlshment and maintenance of a museum relating to Industrial heritage and its permanent collecti. incILIng by acquiring Suitable object5 for the collettion5.' bl promotlng and exhlbit5ngworks of artistlc excellence and pr(widing gallery Space forthe public display of work Thetrustees are aware ol thetr SPOnSIbl11t1es a5 Outllned by thetharity commission for puNlc beneAt Durln8 rhe year 34 volunteers gave a total of L476 volunteer hours to The Ropewalk on a variety of events and 8eneral attlwty. Volunteers acted as steward5 at exhibitlons and public events, completed building and 8round5 maintenance and served the community at he3h and well beln8 communSty projects. ts and P rlornlan The tharity h35 provided a cultural hub for the Ic¢al community and the wider re8ion wlth free Kcess to arts and herita8e activit5es and exhlbltion5 wlth 94.024 people benefitting. An extenslve pro8ramme of inclu51ve ¥tivities has wel¢omed eldÈrly, disadvant88ed and Isolated indlvlduals into the tentre to free or I¢M-CQSt tiv[tieS fostering socfjal coheslon and positive in¢fivSdual wellbein8. Flnandal mlew During the year the d)arrty had a deftcit of £6.69112023.. £7,059). For the year ended 31 March 2024 the unrestricted reserves stood at -£6,69112023.. £6.5311. restricted reserves belng £012023.. £5281. The reserves will be used for the furtherance of the charTtV'5 oblettives.
THE ROPEWALK (BARTON) LTD TRUSTEES REPORT IINCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED CHARTERED ACCOUNTANTS 5tru¢bJre. eo¥èmance 4nd mina8emenl 6oWrn1 document The Ropewalk (Barton) Ltd Is a registered charity nurnber 1194056 and a wmpaw limited guarae¢ number 12830491. The or8an1sat1c was incorporated on 21 August 2020 and reeistered a5 3 charity on 9 April 2022. The company was ertablished under a Memorandum of Assoclation which establlshed the objects and powers of the charitable wmpany and 15 8overned under s Artlcles of Nssotiatlon. Thetrnstees, we alsothe dlrectors forthe purpose of company law. and who served duringthe year We.. Ms A Walli5 Icthalrl Ms V Bi55ett MrT Mlllum Ms C LeaTring Mr N Kin8 None of the trustees has any beneficial Interest in the company. All of the trustees are membets of the rompany and guarantee to contribute £1 in the event of a windini up. Orpnlsatlon Membe 111 The subscribers to the memorandum are thefir members ofthe tharlty. 121 Membership 15 open to othw Indl¥hduals or organisations who= lal apply to the charfty in the fomi requlred bythe directors- and Ibl are approved by the dlr&tors. 131 lal The direttors may only refuse an application for membership rf, actln8 8$OnablY and WOper, they conslder tt to be in the best intere5t5 of the charlty to refuse the application. Ibl The directors must inform ihe applicant in wrftSng of the reasons forthe lusal wtthln twenty-one days of the decision. Icl The directors must consider any written representations the applicant rnay make about the decision. The direLtors' decislon followin8 èny wrrtten representations must be nOtfie<l to the appllcant in wrltlng but shall be final. 141 Membership Is not transfèrable. 151 The dlrectors must keepa re8lsterof names and a(klresses otthe members. The Trustees report was approved bythe Board of Trustee5 MrNKknB Trustee 1310812024
THE ROPEWALK IBARTON) LTD INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE ROPEWALK IBARTONJ L TD I report to the trustees my examination of the finarKi815tatements of The Ropewalk IBartDnl Ltd Ithe charltyl for the year ended 31 March 2023. Rèsponslbllltlès and basls of report As ihe trustees of ihe charlty land also ks dlrettors for the purposw of compary lawl you arÈ re$rnSIb1ef0rthe preparation of the finarKial ststements in )rdance wlth the requlrements of the Chariti&s Art 21Y)6 Ithe 21x6 Art). Having sat15fied rnysew that the accounts tsf the charity are not required to be alr(e under Part 16 of the 2006 Act and are ellgible for Independent examinatSon, I rerxjrt in re5pert of my exarnination of the charitV5 financial statements tarried out under section 145 of the Charities Act 2011 Ithe 2011 Act) . In ¢arryin8 Out my examlnatlDn I have folkjwed 811 the applK8ble Dlrectlons 8fven the tharhy Commlsslon under sectlon 14515llbl of the 2011 Art. Independent examlner's statemenl Your attentlon Ss drawn io the faa thai the charfty has prepared flnanclal statements In accordance wlth A(countln8 and ReportSn8 by Charr(ies preparin8 their accounts In accudance wh the Flnancial Rep(xtlnÉ Standard appllcable In the UK and Republic of Ireland (FAS 1021 in preference to the Accounting and Reporting by Charitiek Statement of Recomrntnded PraeticÈ Sssued on l April 2005 which is erred to In the extant gUlatiOnS but has now been withdrawn. l understand that this has been done in order lor flnaTrcial statements to provide a true and fair view in accordance wtth Generally Accepted Accountln8 Practlce effectfve for repc<(in8 periods beginning on or after l January 2015. I have completed my examlnatlon. I confirrn that no rnatter5 have corne to my attention in connedbn wlth the exarnination glvlng me cause to belleve that In any materlal re5pert'. accounting records were not kept in respect of the charty a5 required by Section 386 of the 2(lJ6 Act,. or the financlal statements do not accord wlth those records,. or the financlal statements do not comply th the accountlng reouSrements of sectlon 396 of the 2006 Aci other than any rrf4uirernÈnt that the attounts give a true and falr view whith is not a matter tonsldered as part of an independènt examination,. or the financial statements hève not been FKepared in accordance with the methods and principles of the Statement ot Recommended PrattSce for accounting and reportlng by charlties applicable to charities preparing their account5 in accordance wth the Financial Reportin8 Standard apIcable in the UK and Republic of Ireland IFRS 1021. I have no concerns a drawn in thls have come acr no other matters in connettion with the eyamination to which attentlon should be toe e a proper understanding of the accounts to be reachwj. Andrew Robi (Hon A P Robinson & Co IGrimsbyl LLP Chartered Accountants 107 Ueethorpe Road Grims North Easi Uncolnshire DN313ER Dated: 1310812024
THE ROPEWALK (BARTON) LTD srATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 fvIARCH2024 Unrestrlcted fvnds Total Total lunds 1024 2024 Z023 NDI•s CharStable actfvllies t)onatths and legaues Other Income 167,110 98,797 167,110 147,968 884 315,962 148.550 107,777 767 257,094 49,171 266,791 49,171 ndlture on: Charrtable actltieS 280,013 49.699 329.712 281,046 Total urceS exptnded 280,013 49.699 329.712 281,046 Net {exper¢dSturnlforthe yearl Ne¢ movement In funds 13,2221 5281 13.7501 23,9531 Fund balances at i April 2023 6,531 528 7,059 31.012 Fund balance5 at 31 March 2024 6,6911 01 6,6911 7,059 The staternent of financizl acti¥1tS include5 all gains and losses recognlsed In the year. All Income and expendlture derSvefrom continulng aCtrtIeS. The statement of financlal actlvltles also ComleS wlth the requlrementsfor an Income and expenditure accouni underthe Companies Act 2006.
THE ROPEWALK (BARTON) LTD BALANCE SHE ASA T31 MARCH2024 2024 21Y23 Notes Flxed a$5ets Tangible assets 3,855 396,175 Current amets Stock Debtors Cash at bank and in hand 1,433 46.024 2,150 950 24,622 so68 49,607 76,440 Credltors: arnountsfallln8 dwÈ wiihln one year 10 1 47,1531 1 65,5561 Net curre•1 assets 2.454 10,884 Tt)tal agset5 less currènt labllltles 393,309 407,059 CwEdltors: amDunt$faNlnB due aft•1 one year li I w),[} Net ass•ts 6,6911 7.059 Income lunds Restricted fund5 Unrestricted funds D&sS8nated fvnds Unrestricted funds 528 6.6911 6,531 6,6911 7.059 The company is ented to the exemption from the audit reouirÈNnt contalned In section 477 of the Cornpanies Act 2006, Iwthe year ended 31 March 2024 The trustees acknowled8e their re5ponsiblltties for ensuring that the charity keeps accountin8 records which comply with section 386 of the Act and for preparln8 financlal statements which give a true and fair view ol the state of affairs of the cornpary 8$ at the end of the financial year and of it5 incornin8 resources and appllcation of resources, includin8 Its incorne and expen¢Jiture, for the financial year in accordance th the requlren*nt5 of settion$ 394 and 395 and which otherwlse ompty with the requirements of the Companies Att 20C6 relatrng to financial staternents, so far as applicable to the company. The members have not requlred the company to obtain an audlt of its ffinandal 5tatement5 for the year in question In atcordance with section 476. These financial statements have been prepared in accordan¢e with the txo¥[OnS applltable to cornpanles subjert to the small companies re8ime. The financial st ts were approved by the Trustee5 on 1310812024 Mr N KSn8 Trustèe Company Re8l#r¥tlo No. 12830491
THE ROPEWALK (BARTON) LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH2024 Accountlnz pollde5 tharlty Infomiatlon The Ropewalk (Barton) Ltd a private company Ilmfted by guarantee [ror)rated in Erland and Wales. The re8lsteTed office Is The ROF01 Moltkiln Road, Barton-Upon-Humbér. North LIncolnshl. Ll Account1 con¥entk¥n The accounts have been prepared in attordance wfth the charity's governing thKumenL the Companies Art 2006 and 'knountlng and Rewrtin8 by Ch&rilies.. Statement of Recommended Practlce applicable to (harleS preparlng their counts In accordance with the Financial Rewting Standard applicable in the UK and Republic of Ireland IFRS 1021° las amended for accounting periods commenclng from l January 20161, The charity is a Publlc Benefft Entity 35 defined by FRS 102. The flnancial statement5 are prepared In sterllng. whlch is the functional currency of the charity. Monetary amounts in these financial Statements are rounded tts the nearest E. The financlal statemt5 have béen prePad under the historical c05t convention, ndffied to include the revaluatlon of freehold properties and to include investmeni propertles arKI certsin financial instruments at fair value. The principal accounting polioes adopted are set out below. L2 Golng ¢on¢¢m At the time of approvln8 the financlal statements, the trustees have a reasonable e¥pectatlcffi that the charity has adequate resources to contSnue in operational exi5tente for the foreseeable future. Thu5 the trustees contlnue to adopt the8oiTh8 concern basis of accountln8 In eParing thefinancial statements. Charitsble funds $trIcted funds are availatAe for use at the discreilon of the trustees in furtherance of their charltable obleclives unle55 the fund5 have been de5igThated for other purposes. Restrfcted funds a sublect to specific conditions by donors as w how they may used. The purposes and u5e5 (rf the restricted funds are set out in the notes to theflnanoal statements. Endowment funds are 5ublect to spectfic conditions by donorsthat the capital must be maintsined by the charity. IA Incomlw resources Income Is recognlsed when the charlty is legal entitled to it after any perform8nce conditiths have been met, the amounts can be measured reliablvt and tt is probable ihat Income 11 be rec•ved. Cash &)nation$ 8fe r&nised on receipt- Other donations are rOgnISed orte the (harfjty has been rK)tified ol the donatlon, unless performance conditions requlre d2ferral of the atnount. Income tax recoverable in relation to dtsnatlons received under GIftAid or deeds of tovenant Is reco8nised at the time of the donation. Legacles are recognised on receipt or otherwise rf the tharity has been notifiÈd of an ImpendlnK dtstrlbutl)n, the amount Is krKJwn, and receipt is expected. If the amount is t known, the legacy is treated as a contin8ent asset. Turnover is measured at the faSrvalue of the consideration received or rewable and represents amounts recelvable 8oods an(J Servi provided in the normal course of busines5, net ol discounts, VAT and other sales related taxes.
THE ROPEWALK (BARTON) LTD NOTES TO THE FINANCIAL STATEMEMfs (CONTINUED) FOR THE YEAR ENDED 31 MAROI 2024 Account1 polldes IContiNed) T3Ible ffixed assets Tan8ible fixed assets are Initially mèasurèd at cost and subsequentty measured at cost or valuation, net of depreclatlon and any irnpaimtnt losses. Depretiation is recogn7 59 as to write off the c05t or valuation of assets less thelr residual values over thelr useful Ilves on the follovAn8 bases.. land and buildin8s- 2% reducing balance Flxtures, fbttlngs & equipment- 20% reduclng balance Plant & machlnery- 20% reducing balance The gain gr loss arisin8 on the dlsposal of an asset is determined as the difference between the sale proceeds and the carrying value of the a55et. and is recognlsed in net incornellexpendlturel for the year. lmpa1nTtoffed 8uet$ At each reportin& end date, the reviews the carrylng amounts of its tangible assets to determlne whether there is any indicatlon ihat those assets have suffered an impairrnent loss. If any such indication exists, the recoverable aff)unt of the asset Is e5tlmated in order to (ktem)ine the extent of the impairment loss Ilf any l. Intan8ible assets wtth Indefinite useful1Sves and intangible a55et5 not yet available for use are tested for Impairment annually. and wheneverthere Is an Indicatlon that the asset may be lrnpaired. Cash and ¢¥sh equlvalprts Cash and cash equivalents Include cash In hand, dep051t5 held 8t call with banks, other short-term liquid investments wlth origlnal maturities of three monihs or le55, and bank overdrafts. Bank overdraft5 are shown wlthln borrowinB5 in current liabilities.
THE ROPEWALK (BARTON) LTD NOTES TO THE FINANCIAL STATEMENTS (coNfiNUED) FOR THE YEAR ENDED 31 MARCH 2024 Accountlry polities Iconilnued L8 Flnandal Instwment5 Thè charlty has eletted to apply the provlsh)ns of SKtkm li 'Basir Finandal Inrtruments, and Section 12 '0ther Rn8ncial Instruments15sue5' of FRS 102 to all of it5 financial instruments. Flnanclal In5trurnentS are retognised In the charity's balance sheet when the charlty betomes party to the contraLtual provisions of the instrument. Financial assets and Ilabllltles are off5eL wlth the net amwnts presented in the linanciol staterrts. when there Is a le8ally enforceable right to set off the recognised amount5 arKI ihere 15 an intention to gettle on a net basis or to realise the asset and settle the liabilty 5imLltaneouslv. 8aslrflnonclolossets Basic financial assets, which include debtor5 and cash and bank balances. afe initlally measured at transaction pri includlng transaction costs and are subsequently carried at amortlsed cost uslng the effectlve interert method unless the arrangement constltute5 a financing tran$8ctlon, where the transaction 15 measured at the present value of the future receipts d15counted at a market rate of interest. Fihanclal assets clas5ilied as receivable wlthln one year are not amortised. Boslcflnonclalllabllltles Basic linancial liabilities, Including credrtors and bank loans are initially recc8nlsed at transèrtion Pri unless the arrangement constltutes a financin8 transactSon. where the debt irUment is measured at the present value of the future paytY*nts dlscounted * a market rate of Interest. Financial liabilitSes dassified as payable within one year gre not am(rt1sed. Debt instruments are subsequently carriwl at am¢ytised cost, Using the efftttfve interest rate method. Trdde creditors are obligatknns to pay for goods or serwceg that have been acqulred in the ordlnary course of operations from suppliers. Amounts payable are classllied as current liabllltles If payment is due within one year or less. ff noL they are presented as non-current liabilities. Trade creditors are reco&n'.sed initialty at transaction prlte and subSequefit rneasured at arrtised tosi uslngthe effectlve interest method. Derecoqnltlan oAJlJyonclalliobllltles Financlal liabilrties are dereco8nised when the charit¢s contrattual obligatlons expire or are dischar8ed or cancelled. Empknyae benefits The cost of any unused holiday entiilement Is reco8nised In the period In which the employee's servsces are received. Terrnination benefrts a rttogni5ed immediatety as an expense when the charrty Is demonstrably committed to temilnareihe employment of an employee orto provide termination benefits. 1.91 Retlremert behefrts Payrnents to defined contribvtion retirernent benefit Schemes art tharged as an expense as theyfall due.
THE ROPEWALK (BARTON) LTD NOTES TO THE FINANCIAL STATEME5 (COhrriNUEDI FOR THE YEAR ENDED 31 MARCH 2024 Crklcal acoyntlryq estlmate andfvdgemerts In the appllcation of the charit%15 accountlng pollcles, the trustees are required to make lud8ements, emlmates and assumpti0Ths abour the carrying amount of assets and liabS1itie5 that are not readily apparent from other sources. The estimates 3nd associated assumptions are based on hi5torkal experience and othèr factors that are considered to be Iant. Actual results maydKfer frorn these estimates. The estlmate5 and underlying assumpti(XbS a reviÈwed an ongolng basis. Revlon$ to accountlng e5tirnates are ogni%ed In the period in which the estimate Is revised %there the revisn affetts only that period. or in the perl of the revision and future periods where the rLWiS•n affects both current and future period5. Oonatlowts and legacles Unre#rkted funds 2024 Restrfded fund$ Total fvnds 2024 Total funds 2023 Grants DcatIonS and gifts 68,313 30,484 48.171 116,484 31.484 71.510 36,267 98,797 49,171 147,968 107,777 Chafftable a¢dvlties 2024 Sales within charitable activitles Other tncome 167.110 147,783 767 167,994 148,550
THE ROPEWALK (BARTON) LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Charltable artlvlUe$ 2024 Governan cost Professional fees Depreclatlon and impairment Printin& postage and stationery Sundry Softwere and CouMable5 Establishment costs Subscrlptlons Travel Teletsne Project expenses Aifvert15ing & Marketin£ staff costs Ught, heat & powei Repairs & maintenance Bankchar8es 1,281 I,oii 5,577 2,550 5,663 79 120 1,237 23,274 697 91 2.987 63.167 5,146 132.393 38,386 3.851 511 13 1.924 29,998 560 52 3,145 63,550 5.146 171,258 41.508 4,306 383 329,712 281,046 329,712 281,046 An¥fysis byfvn Unrestrlcted fund5 Restrfcted funds 280.013 49,699 262,890 18,156 329,712 281.046 TThstèe5 None of the trustees lor any persons connetted with them) rreived any remuneration or ba)effts from the charFty durin8 the year.
THE ROPEWALK (BARTON) LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Employets NymlJer ol employees The a¥era8e monthly numbw of employees durin8 theyear was.. 2024 Nurr&er li 2023 Number io Administration 2024 2023 Wa8es and salaries Other penslon ¢osts 168,456 129,838 2.555 171258 132,393 There were no employees whose annual rernuneratlon was £60,(A)O or More. Tanble fved assets Land znd bulldl Flthre5, fftn8$ & èqutpmenl Plant & mathlnety Total At l Aprll 2023 Addltlons 2,291 257 4,714 407,005 257 At 31 March 2024 4(M).O 2,548 4,714 407,262 Depreclati¢*n ond In4)airnnt At l April 2023 Depreciation char8ed in Ihe year 9,167 673 990 16,493 4,500 332 745 5.577 At 31 March 2024 13.667 1,005 1,735 22,070 Cwryln8amount At 31 March 2024 386,333 1,543 2,979 390,855 At 31 March 2023 3SX),833 1.618 3,724 396,175 -li-
THE ROPEWALK (BARTONI LTD NOTE5 TO THE FINANCIAL STATEMENT5 FOR THE YEAR ENDED 31 MARCH2024 DebtOW5 Amounts falling due wlthln ono year. 2023 Trade debtors Prepayments and accrued Incorne Otherdebtors VAT 1,560 11,217 32,911 336 1,521 7.391 15,710 46.024 24,622 Credltors: arnourtstsllhlg due withln one year 21n4 2023 Othertaxation and soclal security Olher creditors Trade credrtors Accrijals and deferred income Deferred Grants VAT Interwmpany 4,475 1.104 9,582 9,860 2,467 463 22,595 12,219 1,132 25.180 18,052 47.153 65.556 li Credltors: amourts fallln8 dut after oneyear 2024 2023 LonB term defpJred grants 4qOO,O 400,0(KJ 400,0tr) Rèlated partytraTr5actlon5 The Ropewalk Trading CIC is the Intercompany. It ts the tradin8 arm of the charity- At 31.03.24 £18,052 was owed by The Ropewalk (Dartonl Ltd to The Ropewalk Tradlng ac. Durirg the year, rent of £1.( was charged by The Ropewalk (Bartonl Ltd to The Ropewalk Tfadir6 CIC 12-