Charity Reglstration No. 1194056 THE ROPEWALK18ARTONI LTD ANNUAL REPORT AND UNAUDITÈD FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 March 2025
THE ROPEWALK (BARTON) LTD LEGAL AND ADMINISTRATIVE INFORMATION Trustees Ms A Wallis Ichairl Ms V Bissett MrT Millum Ms C Leaning Mr N King Mr P Drant-appointed l April 2025 Ms JM Avison-appointed l April 2025 Secretary Ms A 8ennet Charity number 1194056 ComnY number 12830491 Prlnclpal address The Ropewalk Maltkiln Road Barton-Upon-Humber North Llncolnshire DN18 5JT Re8lster¢d office The Ropewalk Maltkiln Road Barton-Upon-Humber North Lincolnshire DN18 5JT Independent examiner A P Robinson & Co (Grimsbyl LLP Chartered Accountant5 107 Cleethorpes Road Grimsby Norrh East Lincolnshire DN313ER
THE ROPEWALK (BARTON) LTD CONTEKrs Page Trustees report Independent examiner's report Statement of financial activities Balance Sheet Notes to the financial statements 6-12
THE ROPEWALK (BARTON) LTD TRUSTEES REPORT IINCLUDING DIREcfoRS' REPORT) FOR THE YEAR ENDED 31 MARCH 2025 The Trustees psent their resy)rt and flnanclal statements for the year ended 31 March 2025 The accounts have been prepared in accordance with the accounting policie5 set out in note I to the accounts and comply with the charity's governing documeni, the Companies Act 2006 and "Accounting and Reportin8 by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK ènd Republic of Ireland IFRS 1021" la5 arnended for accounting periods commenclng from l January 20161. Ob'¢rtNes and Activities The Charity oblects are the advancement of public appreciation in, the arts, culture, herttage and science. in partScular (without limitatlonl by.. al the establishment and maintenance of a museum relating to industrial heritage and Its perrnanent collection. including by acquiring suf(able objects for the CO1CtiOns.. bl promoting and exhibiting works of artistic èxcellence and providing gallery space for the public display of work The trustees are aware of their responsibilltie5 as outlined bythe chartty commission for publlc benefit During the year 202 volunteers gave a total of 4.099 volunteer hours to The Ropewalk on a variety of events and general activity. Volunteers acted a5 Stewards at exhibitions and public events, completed bullding and grounds maintenance and served the community at health and well being community projects. A¢hievements and P•rforrnance The charity has provided a cultural hub for the local communlty and the wider region with free access to arts and heritage activities and exhibitions wlth 96.038 people benefitting. An extenslve programme of inclusive activitie5 has welcomed elderly. disadvantaged and Isolated individuals into the centre to free or Iow-COSt artivities fosterin8 social Cohesion and positive individual wellbeing. Flnan¢lal revlew During thè year the charity had a deficit of E34,10112024.. £-6,6911. For the year ended 31 Mèrch 2025 the unrestricted reserves stood at -£34,101 12024.. £6.6911, restrirted reserves being £012024,. £Nill. The reserve5 wlll be used for the furtherance of the charity's objectives.
THE ROPEWALK (BARTON) LTD TRUSTEES REPORT (INCLUDING DIREcfoRS' REPORT) FOR THE YEAR ENDED CHARTERED ACCOUNTANTS Structurei govemance and management Governlng documefti The Ropewalk16artonl Ltd is a re815tered charity number 1194056 and a company limited by guarantee number 12830491. The organisation wa5 incorporated on 21 August 2020 and registered as a charity on 9 April 2022. The company was established under a Memorandym of Association which established the object5 and powers of the charitable company and is govemed under Its Articles of Association. The trustees, who are also the directors forthè purpose of company law, and who served during the year were- Ms A Wallis lchairl Ms V Bissett Mr T Millurn M5 C Leanin8 Mr N King None of the trustees ha5 any beneficial interest In the company. All of the trustees are members of the company and 8uarantee to contribute £1 in the event of a windin8 UP. Oriani5ation Members 111 The subscribers to the memorandum are the first members of the charity. 121 Membership i5 open to other individuals or tsrganisations who.. lal apply to the charity in the form required by the directors,. and Ibl are approved by the directOf5. lal The directors rnay only refuse an application for membership if. actln8 reasonably and properly, they consider it to be in the best interests of the charity to refuse the application. Ibl The directors must inform the applicant in writing of the reasons for the refus81 within twenty-one days of the decision. Icl The directors must CDnslder any written representations the appli¢ant may make al)out the decision. The d5ctorS, decision followSn8 any written representations rnust be notllied to the appllcant in writlng but shall be final. 141 Membership is not transferable. 151 The directors must keep a register of narnes and ad$Se5 of the members. The Trustees report was approved bythe Board of Trustees Mr N Kln¢ Trustee Dated=
THE ROPEWALK (BARTON) LTD INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE ROPEWALK (BARTON) L TD I report to the trustees On rny examination of the financial statement5 of The Ropewalk18artonl Itd Ithe tharityl for the year ended 31 March 2025 Responsibilftles and basi5 of report As the trustees of the charity land also its dirertors for the purposes of company lawl you are responsible for the preparatlon of the financial statements in actordance with the requirement5 of the Charitie5 Act 2006 (the 2006 Act). Havin8 satisfied myself that the accounts of the charity are not required to be audited under Part 16 of the 2006 Act and are eli8ible for independent exafflination. I report in respect of my examination of the chariws financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act) . In carrying out my examination I have followed all the applicable Direction5 given by the Charity Commission under section 14515llbl of the 2011 Act. Independent examlnerfs staiement Your attention is drawn lo the fact that the charity has prepad financial ststements in accordance wlth Accounting and Reportin8 by Charities preparing their account5 in accordance with the Financlal Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 in preference to the Accounting and Reporting by Charities.. Statement of Recommended Practice 15sued on l Aprll 2005 which is referred to in the extant regulations but has now been withdrawn. l L*nderstand that this ha5 been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effertive for reporting periods beginning on or after l January 2015. I have completed my examination. I confirm that no matters have come to my attention in connection with the examinatSon giving me cause to believe that in any material respect: accountin8 records were not kept in respett of the charity as required by section 386 of the 2006 Act.. or the financial statements do not accord with those records,. or the financial statements do not comply with the accounting requlrements of section 396 of the 2006 Art otherthan any requirement that the accounts glve a true and falr vSew which is not 8 matter considered as part of an independent examination- or the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities prepartng their accounts in 3ccordènce with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. I have no concerns and have come across no other matters in connection wlth the examination to which attention should be drawn in thi5 report in order to enable a proper uThderst3nding of the accounts to be reached. Andrew Robinson Bcom IHonsl, FCA A P Robinson & Co (Grimsbyl LLP Chartered Accountants 107 Cleethorpe Road Grimsby North East Llncoln5hire DN313ER Dated..
THE ROPEWALK (BARTON) LTD STATEMENT OF FINANCIAL AcrivmES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Unreslrl¢ted funds 2025 Reslrlcted funds 2025 Totsl Total 2025 2024 Notes Intomè from: 163.083 93,724 2,463 259,270 163,083 140.116 2,463 305.662 167.110 147,968 Donations and le8acie5 Other intome 46,392 46,392 315,962 Ex endlturt on.. Charitable activities 286,680 46,392 333.072 329,712 Total resources expended 286.680 46,392 333,072 329.712 Net lexpenditurel for the yearl Net movement in funds 27,4101 01 27,4101 13,7501 Fund balances at l April 2024 6.6911 6,6911 7,059 Fund balances at 31 March 2025 34,1011 01 34.1011 6,6911 The stètement of finantial activities includes all galns and1055es recognised in the year. All income and expenditure derlve frorn continuln8 activities. The statement of financial activities also complies with the qUireMents for an income and expenditure account under the Companles Act 2006.
THE ROPEWALK {BARTON) LTD BALANCE SHEET AS A T31 MARCH 2023 2025 2024 Notes Fixed assets Tangible assets 869,482 390,855 Current assets Stock Debtor5 Cash at bank and in hand 1,728 87,152 880 1,433 46,024 2,150 89.760 49.607 Credltors.. amounts f4lllng dut wlthln one year io 1111,5051 1 47.1531 Net current assets 21,7451 2,454 Totsl 35sets lem Current Ilabllltles 847,737 393,309 CredltL¥rs: amounts fallin¥ due after one year li 1 881,8381 1 400.0001 Net asset5 34,1011 6.6911 Income fund5 Re5tiicted funds Unre trlcted funds Designated fund5 Unrestricted funds 34,1011 6.6911 34,1011 6,6911 The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Att 2006, fr>r the year ended 31 March 2025 7he trustees acknowledge their responsibilities for ensuring that the charity keeps accounting records which comply with Section 386 of the Act and for preparing financial statements which give a true and fair view of the state of attairs of the company as at the end of the financlal year and ol Its Incoming resource5 and application of re50ur£es, including its incorne and expenditure. for the financial year in a<eordance with the requirements of sertions 394 and 395 and which otherwise comply with the requirements of the Companies Att 2006 relating to flnèncial statements. 50 far as applicable to the company. The members have not required the cornpany to obtain an audit of sts financial statements for the year In question in accordance wtth Section 476. These financial statements have been prepared in accordance with the prowsions applicable to companles subject to the small companies reglme. The financial sta me ts were approved by the TNstees on 1sIpi if Mr N Klng Trustee Company Registration 0. 12830491
THE ROPEWALK (BARTON) LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accountlng poll¢les Charity informatlon The Ropewalk IBartonl is a prbvate company limited by guarantee incorporated in England and Wales. The registered office is The Ropewalk, Maltkiln Roat#, Barton-Upon-Hurnber. North Lincolnshlre. Accountln8 conventlon The account5 have been prepared in accordance with the charsty's governing docurnent. the Companies Act 2006 and -Ac¢ounting and Reporting by Charities.. Staternent of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reportln£ Standard applicable in the UK and Republic of Ireland IFRS 1021" las amended for accounting periods commencing from l January 20161. The charity is a Publlc Benefit Entky as defined by FRS 102. The financial statements are prepared in steding. whlch Is the functional currency ol the charity. Monetary amounts in these financial statements are rounded to the nearest £. The fa'nancial 5tatemÈnts have been prepared under the hlstorical cost convention. modified to include the revaluation of freehold properties ènd to include investment propertie$ and certain linancial instruments at falr value. The prlntipal accounting policies adopted are set out below. Golng COnM At the time of approvin8 the fin?n¢ial statements, the trustees have a reasonable expectation that the charity has adequate re50urce5 to continue in operational existence for the foreseeable future. Thus the trustee5 continue to adopt the going concem ba515 ol accounting in preparing the financial statements. Charitable lund$ Unrestricted funds a available for use at the discretion of the trustees in furtherance of theif charitsble objectives unless the fund5 have been designated for oiher purposes. RestrScted funds are Subject to specific condition5 by donors a5 to how they may be used. The purpose5 and uses of the restricted funds are set out in the notes to the flnancial statements. Endowrnent funds are sublect to specific conditions by donors that the capital must be maintained by the charity. In¢omln8 re50ur¢es Income is reco8nised when the ehartty Is legalty entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it 15 probable that income will be receSved. Cash donations are recognised on receipt. other donations are recognised once the charity has been notified of the donation, unless performance condttions require deferral of the 3mount. Income tax recoverable in relatlon to donatlons recelved under Gift Aid oi deed5 of covenant is recognlsed at the tlme of the donatlon. Legacies are recognised on receipt or otherwise Sf ihe charity ha5 been notified of an impending distribution. the mount is known, and receipt Is expected. If the amount Is known, the le8acy is treated as a continKent asset. Turnover is measured at the fair value of the tonsideration received or receivable and represents amounts recelvable for goods and services provided in the normal course of business, net of discounts. VAT and other sales related taxes.
THE ROPEWALK (BARTON) LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting poll¢le$ (Continued) Tanzlble flxed assets Tangible fixed a55ets are Initlally measured at cost and subseqvently rneasured at cost or valuation, net of depreciation and any lrnpairment losses. Depreciation is recognised so as to write off the cost or valuation of asset5 less their residual values over their uselul lives on the Following bases.. land and buildin8s- 2% reducSn8 balance Fixtures, fittings & equipment- 20% reducing balance P12nt & machinery- 20% reducin8 balance The galn or10ss arisin8 on the disposal of an asset is determined as the difference between the sale proceeds and the cairyingvalue of the asset. and is recognised In net incomellexpenditurel forthe year. Impalrment of flxed assets At each reporting end date, the reviews the carrying amounts of its tangible asset5 to determine whether there is anv indicatlon that those assets have suffered an impairment105s. If any such indication exists, the recoverable amount of the asset is estlmated in order to determine the extent of the impairment loss Ilf any l. Intèngible assets with indefinite useful live5 and intanglble assets not yet available for use are tested for impaiment annually. and whenever there Is an indication that the asset may be impaired. Cash and cash egulvalents Cash and cash equivalents include cash in hand. deposlts held at call with banks. other 5hort-term Ilquld investments with original maturstie5 of three months or less, and bank overdraft5. Bank overdrafts are shown within borrowlngs in
THE ROPEWALK (BARTON) LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 A¢¢ouhting pollcles Icontlnuedl Finan¢lèl instruments The charity has elected to apply the provision5 of Section 11 '8asic Financial Instruments, and Section 12 '0ther Financial Instruments lssyes. of FRS 102 to all of its financial instruments. Financial Instruments are recognised in the charlty's balance sheet when the charity becomes party to the contractual provisions of the instrument. Financial assets and liabilitie5 are offset, with the net arnounts psented in the financlal statements. when there is a legally enforceable fight to sèt off the recognised amounis and there is an Intention to settle on a net ba515 or to realise the asset and settle the liability simultaneously. B¢75l¢llntrn¢iol ussets Basic financial assets, which include debtors and cash and bank balances, are initially meaSUd at transaction price including transartion costs and are subsequently carried at amorti5ed cost using the effective interest method unless the arran8ernent constitutes a linancing transaction, where the transaction Ts measured at the psent value of the future receipts discounted at a market rate of interest. Financlal a55ets classified as receivable within one year ère not amortised. BaskAlnund#lllobllltles Basic financial Ilabillties, including credltors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction. where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial1Sabillties classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, usln8 the effective Interest rate method. Trade creditors a obligations to pay for goods Of services that have been acquSred in the ordinary course of operations from suppliers. Amounts payable are classified a5 current liabilitie5 if payment is due wlthin one year or les5. If not. they are presented as non-current liabilities. Trade creditor5 are recognised Snitially at transattion price and subsequently measured at amortised cost using the effectlve interest method. Derecognttlon oAfv¢m¢kTIMabMltles Financial liabilities are dereco8nised when the char5t(s contractual obll8atlon5 expire or are dlscharged or cancelled. Employee befitS The cost of any unused holiday entitlement is recognlsed In the perlod in which the employee's servSces are received. Termlnatlon benefits are reco8nSsed immediately as an expense when the charfty is demonstrably cornmitted to terminate the employment of an employee or to provSde termination benefits. 1.91 Retorèment beneflts Payments to defined contribution retirement benefit scheme5 are charged as an expènse as they fall due.
THE ROPEWALK IBARTON) LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Crftkal accountlng estlm•te and ludgernents In the application of the charitys accounting policie5, the trustees are required to make lud8ement5. estimates and assumptions about the carryin8 arnount of assets and liabilities that are not adI1¥ apparent from other sources. The estimates and associated a55umptions are based on historical experience and other factors that are considered to be relevant. Attual res1t5 may dwfer from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the perlod in which the estimate is revised where the revision affects OTh that period, or in the period of the revision and future periods where the revision affects both current and future period5. Donations arrtl legacles Unre5tri¢ted funds 2025 Restrirted fvnds 2025 Totsl fund5 1025 Total funds 2024 Grant5 DonatlOn5 and sifts 68,313 25,411 46.392 114,705 25.411 116,484 31.484 93.724 46,392 140,116 147,968 Charltable activities 2025 2024 Sales within charitable activities Other incorne 163.083 2.463 167.110 884 165,546 167,994
THE ROPEWALK (BARTON) LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Charltsble activltles 2025 2024 Governance cost Professional fees Depreciation and impairment Printing, postage and stationery Sundry IT Software and Consumables Establishment costs Subscriptlons Trave Telephone Project expenses Advertising & Marketin8 Staff costs Light, heat & power Repairs & maintenan£e Bank charges and interest paid 2,120 450 5,589 1.281 i.oii 5.577 659 2.034 23,761 830 13 1,924 29,998 560 52 3,145 63.550 5.146 171,258 41,508 4,306 383 1,544 51.249 12,571 188,928 36,647 5.614 1.075 333.072 329.712 333,072 329.712 Analysis by fund Unrestricted funds Restrirted funds 286,680 46,392 280.013 49,699 333.072 329,712 Trustees None of the trustees lor any persons tonnected with theml received any remune¥atlon or benefits from the charity during the year. -io-
THE ROPEWALK (BARTON) LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 202S Employees frlumber of empltsyeés The average monthly nurnber of employees during the year was.. 2025 Number li 2024 Number li Administration 2025 2024 Wages and >alaries Other pension costs 185,380 3,548 168.456 2.802 188.928 171,258 There were no employees whose annual remuneration w05 £60,000 or more. Tanglblè fjxed assets Lond and buildin Flxture4 fittlngs & equlpment Plani & mathlnery Totsl Cost At l April 2024 Additions 400,000 429.4S7 2,548 53.388 4,714 1,371 407,262 484,216 At 31 March 2025 829.457 55.936 6.08S 891.478 Depre¢latlon and Impalrm•ni At l April 2024 Depreciation charged in the year 13.667 I,CK)5 1,735 22.070 4,500 409 680 5,589 At 31 March 2025 18,167 1,414 2,415 27,659 Carrying amount At 31 March 2025 811,290 54,S21 3,670 869,482 At 31 March 2024 386,333 1.543 2.979 390,855 -li-
THE ROPEWALK (BARTON) LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Debtors 2025 2024 Amounts falling due wlthln i)ne year. Irade debtors Prepayments and accrued income Other debtors VAT 2,243 10.637 3,036 71.236 1,560 11.217 32.911 336 87,152 46,024 io Credltors.. amounts fallln8 duè wlthln one year 2025 2024 Bank overdrawn Other taxation and social security Other creditors Trade creditor5 Accruals and deferred income geferred Grants Intercompanv 89810 3,395 705 6.916 9,677 4.475 1.104 9,582 9,860 4.080 18,052 1,002 111,505 47,153 li Creditors: amounts falling due after one ytar 2025 2024 Long term deferred 8rants Bays8arth House Funding 400,(0 481,838 881,838 400,WO 400,000 12 Related party transactions The Ropewalk Trading CIC is the intercompany. It is the trading arm of the charity. At 31.03.25 £1.002 was owed by The Ropewalk IBartonl Ltd to The Ropewalk Tradlng CIC. During the year. rent of £90,000 was charged by The Ropewalk (Barton) Ltd to The Ropewalk Trading CIC -12-