AVON INDUSTRIAL BUILDINGS TRUST LIMITED
DIRECTORS / TRUSTEES REPORT AND ACCOUNTS
YEAR ENDED 31[ST] MARCH 2021
DIRECTORS AND ADMINISTRATIVE INFORMATION
The directors in office during the year were:
S Hillyard M Leathwood H Orr-Ewing S Smith-Uncles G Wallis
The five directors are also the trustees of the associated charity.
S Hillyard is Company Secretary. The Registered Office is: 24, The Bluebells, Bradley Stoke, Bristol, BS32 8BE.
The company number is 1483387. The charity number is 279998.
GOVERNANCE AND MANAGEMENT
The company is limited by guarantee and therefore the directors have no beneficial interest in the company. The company is governed by its Memorandum and Articles of Association which set out the procedures for the appointment of directors. Directors serve on a Council of Management to which members are also invited.
OBJECTIVES
The objective of the trust is the conservation of industrial heritage in the unitary authorities that make up the former county of Avon, including the provision of advice on the industrial archaeology of the area. It does this by working with these local authorities, statutory bodies such as Historic England, grant-making bodies, and other volunteer groups. It organises volunteer labour and tasks contractors to carry out conservation works and identifies and promotes industrial heritage issues in local communities.
ACTIVITIES AND PERFORMANCE
During 2019-20, restrictions on activity because of the COVID pandemic, the work by the company’s volunteers on site was restricted. With one exception, financial transactions were confined to the Brandy Bottom site.
Brandy Bottom Colliery
Brandy Bottom is the site of a 19[th] century steam powered coal mine, lying on the course of the Dramway horse-drawn railway. It is in the parish of Pucklechurch and operated from about 1837. It became derelict in the 1930s and is a scheduled monument.
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In 2020/21 AIBT has carried out over £76,000 of restoration and stabilisation work and installed metal fencing and gates to protect the site from damage. This has been possible through grant support of £61,000 from Ibstock Enovert Trust and its successor, the Enovert Community Trust. Work parties have taken place when permitted under COVID-19 restrictions to discover more about the site and make it safe and secure.
While COVD-19 has restricted opportunities for public access, the site again opened for the Heritage Open Doors weekend. When closed, interpretation boards, financed by Historic England, placed outside the boundary fences mean that those on the adjacent footpath can read about the history of the pit even when there is no work party in progress.
Brunel’s Other Bridge
The company began work on this abandoned swing bridge at the entrance to Bristol’s floating harbour seven years ago, when it was in danger of complete collapse. It was Brunel’s first wrought iron opening bridge, built in 1849, is older than the Suspension Bridge and is listed Grade II*. In September 2019 our volunteers swung the Bridge a short distance, proving that the work to the turntable and wheels supporting the Bridge had been successful.
There has been no work done on the site during 2020-21 due to COVID-19 restrictions.
Other work
Directors and trustees have also been involved in the industrial heritage of a number of other sites, including the industrial buildings and grotto at Warmley in south east Bristol and Middle Engine Pit in Nailsea. The closure of the Nailsea Heritage Management Trust resulted in the transfer of £1,470 to AIBT for use at Middle Engine Pit.
The company maintains a website (http://www.aibt.org) which provides more detail on its activities at all these sites.
DIRECTORS’ RESPONSIBILITIES
The directors are satisfied that the funds reported on the balance sheet are sufficient to maintain the company as a going concern, provide a true and fair view of the state of affairs of the company, and comply with the Companies Act 2016. They acknowledge they are responsible for safeguarding the assets of the company and for the prevention and detection of fraud and other irregularities.
ON BEHALF OF THE BOARD AND TRUSTEES S HILLYARD DIRECTOR/TRUSTEE
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AV(1 P4DUSTRWL BULDVIGS TRusf LMTED STATEfvE FN4NCL4L ACTMrEs FOR THE YEAR ENDED 31 MARCH J)2 IAw3J20> Furn15 Fund5 BDJrd¥ Obr Bri(bJe 9.754.61 Boitcm Crjl 236.65 1,471.55J irtere5t 91.29 T(BI IrKorriro Resouce5 62.553 55 27.52 62.581.07 10.252.55 BturdS Otrtr Bri(& lIL571.(li Brdrty BottrmCrAI 173.910.691 12.259.36I1 I76.2[.(15]I IL997.5311 I.92) Trrtal 173.940.691 12.656.281 I76.5.97] IL4.051.511 Net I(ri0"r9 ) Resc4•c lIL7.14) 12.628.761 I14.015.} (IM961 Fu1 Balarre5 lJwJlt rE1 71.274.85 97.Effi.(yJl ioi.465.05 FuThY Bala Can 65.887.71 17.762.48 83.WJ.19 ckS 617.71 17.762.48 83,6Y).
BALANCE SHEET AS AT31ST MIRCH CurientAssets Cash in Bark 83.W.19 97,fffi.09 83.650.19 97,666.09 Curient Liabililies Credito Net CuTént Assets 83.650.19 97,E66.09 Restricted FurKts BrurEI¥ Ots BriclF .. . Brdryty Boitr)m Colliery Other P1&ts 37.462.70 8.085.42 20.339.59 37,462.70 20,944.11 18,868.04 Totsl ReSti1Ct 65.887.71 77.274.85 UnStCted FurKts 17.762.48 20.391.24 83,650.19 97,666.09 Forts yearerKliro 31 Mah 2021, corykAry to exenixion frn alt section 477 ofttE Corrn1e5 Att 2[K rdatirKJ ts) 5rrpII convin. rK)t reqj tr corrp3ny to okain an alit (A it5 accowts ft)r ttE year in qtion in acClarKe sertion 476. TIE directOf5 aCk[KexkJe re5txKsiix'llti fi)rconVyir¥J with of Act ¥Mth re5t ts) accountirvJ c01 F¥PFordtion ofaccourts. These accounts teen PE[kij in accOe 1th DSlOr6 aFrlicat4e to corrparies Suty.t to the S11 ccry4anies' rJIn. se accourts a1VDd Boattl c arKI sigrEd on its LEtrkilf ty StLe HIltyal. DirErtDr. idatel
AVON INDUSTRIAL BUILDINGS TRUST LIMITED
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2021
1. Basis of preparation
These accounts have been prepared in accordance with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and with the Charities Act 2011. They represent a true and fair view of the company as a going concern. Throughout the year the company was controlled by its directors.
As required by FRS102, the accounts separate restricted funds, received for specific projects, and unrestricted funds, funds generally available for the purposes of the company.
2. Income
Income, including grants and donations, is included in the Statement of Financial Accounts when the company receives that income. As far as possible grant income and expenditure relating to a specific project is matched in the same financial period. The value of voluntary help received is not included in the accounts but, where appropriate, is described in the annual report.
3. Expenditure
Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the company to pay our resources and the amount of the obligation can be measured with reasonable certainty.
The company has no employees and has made no payments to directors or trustees other than the reimbursement of expenses for materials and services bought to further the company’s charitable aims.
4. Assets
All the company’s current assets are held on deposit in UK bank accounts. The directors believe that the unrestricted part of these assets is sufficient to ensure the continued operation of the company.
The company has no tangible or intangible fixed assets that require capitalisation, nor any stocks or work in progress that can be reasonably valued.
The company holds a lease from Ibstock Brick Cattybrook Limited on Brandy Bottom Colliery, Shortwood, Bristol until August 2021 at a peppercorn rent but has no right to acquire or dispose of the property.
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AVON INOUSTRIAL BUILDINGS TRUST LTD Year Ended 31 March 2021 Ind•pond•nt oumlne8 report to the tnMteeB of Avon Industrial Buildings Trust Ltd.. I report to the trustees on my examination of the awunts of Avon 1ndusth.al BuildirwJ5 Trust Ilhe Trust} for the year ended 31 March 2021. Responsibilities and basis of report As the charty trustees of the Tnjst you are responsible for the preparation of the accounts in accofdance wrth the requirements of the CharrtEs Act 2011 Ilhe Act'l. I report in respect of my examination of the Trust's accounts carrd out undef sectk)n 145 of the 2011 Act and in carrying out my ex8minalion I have follow all the applicab Directsons given by the Charty commisson under seCtn 14515llbl of Art. Ind•p•nd•nt èxamin•$ ststement I have completed my examination. I confirm that no material matters have come to my attentson in connection with the examinatiM giving me Cause to lve that in any material accounting records were not kept in respeL# of the Trust as required by section 130 of the Act." or 2. the accounts do not accord with those reoyds." or 3. the accounts do rt compty with the applicab requirements conmIng the form and content of accounts set OLrt in the Charit$ (Accounts and Reports) Regulations 2008 other than any requirernent that the ac(x)unts give a 'true and fair which is not a matter consklered as part of an irnlependent examination. I have no concems and have come auoss no olher matters in connection wfth the examin*ion to whjch attention should be drawn in this report to enable a proper understanding of the accounts lo be reac. Signwj.. Name.. Stsph•n Hastin Msc manageEnt Accounting, FCMA Address: 222. Cfanbrwk Roaj, RedlarKI, BiBtol, BS6 7QX Date.. 18 August 2021