Financial Statements for the Trustees of Pennine Heritage Limited Year Ending 31st March 2024 Charity Number 509974
Pennine Heritage Limited (Co Reg No. 014456731 Contents of Financial Statements for the Year Ended 31 March 2024 Page Contents Report of the Trustees Independent Examination Statement of Financial Activities Balance Sheet Statement of Cash Flows Notes to the Accounts IOto12
Pennine Heritage Limited (co Reg No. 01445673) Report of the Trustees for the Year Ended 31st March 2024 The trustees who are also diiectors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2021, The trustees have adopted the provisions of the Statement of Recommended Practice ISORPI 'Accounting and Reporting by Charities, issued in March 2(KJ5, REFERENCE AND ADMINISTRATIVE DETAILS Company No. 14456731 Charlty No. 509974 Prlnclpal Office The Birchcliffe Centre Hebden Bridge West Yorkshire HX7 8DG Reglstered Offlc• The Birchcliffe Centre Hebden Bridge West Yorkshire HX7 8DG Trustees The following Dlrectors and Trustees served during the year: Atack David James Bryan S Boyle Alexander Marc Taylor DE Fletcher D Greensmith P Kennedy JA Schofield P Webber ARae MJ Tull Dr NJ Bowker Smith A Birch
Pennine Heritage Limited (Co Reg 140. 014456731 Report of the Trustees for the Year Ended 31st March 2024 Independent ExamSner Wendy Gledhill Calder Community Accounting CIC Upper Floors 26 Halifax Road Todmorden West Yorkshire OL14 5QG Bankers Lloyds TSB PO Box 1000 Andover BXI ILT Solicltors AWB Charle5WOrth 12-16 North Street Keighley West Yorkshire BD213SE
PENNINE HERITAGE LIMITED (Co Reg no. 1445873) Report to the Trustees for the Year Ended 31" March 2024 The Birchcliffe Centre continues to be fully tenanted and we have conlinued to attract a number of external bookings which have contributed positively to our i ncome stream. Work has been successfully completed on Ihe roof and the brickwork, making the two towers fully weatherproofed enabling us to offer the auditorium for hire to accommodate its lull CA3pacity of 350. Our Stained-Glass windows have been repaired 8nd a talk given to stakeholdets by the restorer. Our restyled Hostel by is attracting an increasing number of customers and our regular meetings with IOU are always productive. We have continued to develop partnership working induding the establishment of 'Research Fellows, recruited from the University of Huddersfield (UOH) working in dediGated space, shared with our Heritage Manager Dr Francesca Elliot. Further partnerships include the development of an education Package to be delivered to pupils in Key Stage Two (Upper Junior) on the History of Nursing, funded by the British Society for the History of Science, We are developing a project designed to cater for adults with Learning Disabilities in partnership with a local community Nurse. These projects have been facilitated by Francesca. as part of our 'Knowl8dge Transfer Project, (KTPlalso in partnership with UOH. We have also gained funding from the University for an 'lmpact Acceleration Project,. The Oigital Archive continues to grow and we have now formed the 'South Pennine Archive, in partnership with the Hebden Bndge History Society, Similarly, Francesca has Successfully recruited a number of Volunteers who are improving the effectiveness of our delivery at BirGhcliffe. Recently, Francesca has become engaged to be married and has secured a position in her native Canada where she will be moving with her fiancée. Consequently, she has tendered her resignation. However, we have been successful in appointing a highly promising replacement Heritage Manager, Dr Andrew McTomlney who will complete our KTP commitments. We are axploring an extension to our KTP with Innovate UK and UOH in order for us to maximise the benefit of this venture. Francesca has produced detailed 'Handov8r Manual, for Andrew and organises a number of handover days. I have mèt with a number of tenants and have taken their views on board with the aim of implementing some of the changes suggested. We continue to explore new opportunities to apply for external funding. M J Tull Chair of Trustees Signed on behalf of the Truste05 of Pennlne Herltage Ltd
Pennine Heritage Independent Examiners report I report to the trustees of Pennine Heritage on my examination of thelr accounts for the year ended 315t March 2024 Responsibilities of Trustees and Examiner As the charity trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 20111'the Act'l. The trtsstees consider that an audit is not required for this year as their income 15 below £250,000 and that an independent examination is appropriate as their turnover has been above £25,000 In the previous year and may well be in the future. It should be noted by the Trustee5 that the income of the Charity is £246k and the limit for full audlt is £250K so consideration should be made to the possibility of a full audlt being required in the future. 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 sertion 145151{bl of the Act. Bas15 of Examination My examination included the review of the accounting record5 kept by the charity and a compar150n of accounts with those records. It also took consideration of any unusual items In the account> of which there were none. The procedures carried out do not provide all the evidence required for the purp05e5 of an audit and therefore no oplnion is given on the 'true and fair view,, this is not a matter for the independent examination. Independent Examiner's Statement The charity currently holds £119,447k In a reserve bank account. And cash of £148,025K leavlng the charity in a very healthy position. I can conflrm that, in the case of my examination, fio material matters have come to my attention that would give me cause to believe that accountin8 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. I have no other Concerns and have comè across no other matters In connection with the examination to whlch attention should be drawn in this report in order to enable a proper understandin8 of the accounts to be reached. Signed ,(.)/LI £Iti, Wer)dy Gled h ill
PENNINe HERITAGE LIMITED {Comn¥ Numb•r 1445673) ststsment of Fin•nclal Actlyltlm lor th• Ywr End•d 31¥t Mar¢h 2024 R•Btrlctèd Funds Unr••lrf¢t•d Fund ToLg1 Fund8 Tot•1 Funds In¢omlng Resourcg Noi 3110312024 31103120Z4 3110312024 3110312023 From O•n8rai•d Fund8: Income from Donatlons and Legacies Inrn from Grants Investment Ineome From Charit*blo Actlvltlm.. 15.oc 2246 17.248 116e79 4.817 4817 102 813 142 513 B13 1A2.513 129 778 16S,391 246.559 Tot41 Incomlng Rp8ourc 19,817 146,574 R•soufcè8 Exp•ndod: Charilabli Acllvibes .41 74 042 74.001 76.564 Donations Govarnanca C031s 45 519 415519 41.126 Totsl R•$ourc•8 Exp•nd•d 41 119.661 119,520 117,889 Net Incom• b•lor• Tran•for8 19.851 26,013 46,871 128,870 Translèrs bèh¥•en funds N•t mov•m•nt ol Fund• 19,•58 26,013 46,871 128.870 RECONCILIATION OF FUNOS Total Funds Brought Forwarcl Tol&l Funds carried Forward 884.255 884 255 755.38 19.85e 910 268 930. 126 B84,255 3110312024 3110312023 Income 164,578 246.457 InteYe8t 8na Invgstmgnl income 813 102 Gro88 Incom• lor th9 y•ar 166,391 246,5$9 Expenditur8 Intere51 p8yaL71e 105.921 D 106.787 13.599.0 10,CQ8 Dopreciation and charge3 for irnpairment ol fi'xeoj otssets 670 894 Total •Mpendtture lor th• y•4r 120,190 117,689 Net incomelèxp¢ndlturo for the y••r 4S,201 128.870
PENNINE HERITAGE LIMITED ICoMp•ny Numb•r 1446673} lan¢• Sh••t M •131•t March 2024 Jin1312024 3110312023 Flx•d A8*ets Tartgible Assets Not•• 792.010 727681 Currnnt A8•ets 1000 1.OiJO Stocks 15.973 7,742 Detjtors Cash al Bank 10 267.481 298,374 Craditor5 Amounts due within one year 12 -20,624 -17.838 263,B30 289,278 Mgt Cuff9nt AB••t• Creditors Amounts due after one yèar 12 -126.383 .132.703 Totsl Net Atys•ts 929,467 884,256 Funds Unre8tri¢tgd Funds Reslrlcted Funds TotAI Fund• 9Q9,599 19,858 929.457 884.256 884,206 Op•nlng 8•lanoè Fund• Fund$ Gerated in Year 884,256 45.201 7S5,386 128.870 Tolal N•t A8•0ts 929,457 884,268 These 8ccouni¥ have è4en prepared In accDrd8nce with spfr¢i01 provisions ol Part 15 01 the Companies Act 20C6 felabng to small companies. For thè year ended 31st March 2022 the company was entitled lo exèmpbon from auoil undèr seetion 477 01 Ihe compafti&s act 2006 relalifjg 10 small cnpanIeS The memtr4rs have not required the company to Dbtain an ¥udil In accKJrdan(t with sectson 476 01 th8 Companie5 Acl 2Cx)6 The directors acknowledg0 Ihoir r•sponsibilities lor complying Wlttr the oqvir•monts ol ihe Comp8nio5 Act 20C6 WTlh rogpect lo ae£ounling records and the prepa¢tson ol accounts Approv by the board on 20ih Decernbgf 2024 And 61gng(J on its behail by Michael Tull
PENNINE HERITAGE LIMITED Iccffipany Numb•r 144867J) st•t•m•nt ol Cajh FlowA lor th• y•4r •ndlng 31•t M•rch 2024 3110312024 3113r2023 Cash IIOWG Irom OTatIng 4Ctlvltles Net Incomell8xpendilur&l per Statsmenl ol Finantyol Aciivi118S Adiuslmenls for. Depreciation of Plani and Machinery IncreaselDecrease in Stock Incrgase in Irade and otrr receivable5 Decrease i trade and olher payables Not C••h provldod by opgrtlng actlvltl•• 45,201 128870 670 894 -8 23g -3 707 2 188 2.5d3 39.820 128.800 C¥•h flow• from Inv•sllng a¢llvltl•• Payrngnts for property, plant artd èquipmeni DIVen(l$. Interest and rents Ii(Mn investments Nèt ea•h Irom In¥o•tlny •¢ll¥lll s,000 .65,000 C•ih flow• Irom Iln•n¢lng a¢tlvltl• R8p8ymenl of borrowings Nei ¢••h u••d In Iln•nclng a¢tivltl•8 -5711 -6,489 -5 711 .6.489 N•t d•cr•o8• In e•h and G•&h •qulv41•nts Cash and Cash equivalents 81 th• ixginning of thè year Cash and Cash oquivalents al thg end of th¢ y&af -30 891 122.110 298 372 176,262 298,372 267,481 Components ol c?sh and cwsh equivalents ash and bank balances 267.481 298 37
Statemtnt of Ca•h Flow• tor lh• y••r #ndlng 31•t M•r¢h 2024 The financial $tstm•nts have bgon prepared under hi$iorical Gosl convention in accordance with Financial Reporti Slandards IDr Samller Entities. and the Charities Act 2)6 abd Statement of Recommertded Praciice Accounlin9 and Reprjrting by Charit5 2W5 Accounting Conventions 3110312024 3110312023 2. Voluntary Incomo 17,248 4.817 22.C5 116,679 Donations Gfanls 116,S79 3. Invéitsn•nt Inwm• Depo311 AOUnt Interest 813.00 102 4. InGornlng R•$ourc•s from Chrltsbl• A¢tlvhtiM Rents Ir¢m Birchcliffe Hostel Rents liom Birchcliffe Officfr$ Rgchafges- Utslibes Archive Income 25000 15.625 53 478 56.034 12,940 8,350 540 2,447 566 1459 Publicatsons 388 Sundry Receipts Room Hir8 1.814 9.789 9.931 2.977 Sludiu Hiro Renewable Heat Iniliabve 7,436 35.841 30,680 142512 129.779 S. R•8our¢e8 Exp•nd•d . Ch•rltsblo Aetlvltl Counul Rates 1,233 8533 1,587 7.766 Insurance Light Heal and Water Telephc*ne and Intarnel Ollice Equipment 3nd Statsonary Repaif$ and Maiftlenance Cleaning Sun(Irv&s Professional and Consultancy Fees 23.646 29.368 2.849 1205 2105 249 18,022 2.C150 3908 1.692 1,260 3,084 Deprecialion Mortgage Interest Bank Charg08 Advertislng Prinls 670 13,598 10008 23 77 766 647 395 355 59,418 76.564
PENNINE HERITAGE LIMITED (Company Numb•r 1445673) Not4$ 10 th• finanGlal Stst•m•nt• for th• ¥1 End•d 31 PA•reh 2024 3110312024 3110312023 6. Re•our¢•s ExPend- D¢n•tlon8 Charitable Donatio 7. RMources Exp•ndod - Gov•rn•n¢• Costs Payioll Eypendilure Stall Training Accountancy Costs Adminislraiion Co¥lg 40.626 44.732 787 45519 41.126 8. TANGIBLE FIXED ASSETS L•nd & ilulldln9• Plant& M•chln•ry TotAI COST At l Apiil 2023 Adclillon$ 7265 20.473 747,027 65.OC() Al 3151 March 2024 791.554 20.473 747,027 D•pro¢latlon Ai 181 April 2023 Char9• For The Yor 1.s54 17,793 19.347 670 670 Not Boo Valug Al 31 $1 March 2023 725.0 2,680 727,680 727 010 Al 31st March 2024 725 000 ?.010 3110312024 3110312023 9. Stotks Fi*ish¢d Goo¢ls 1DOO 1000 10. D•btor8 Trade debtors 15973 7742 11 8u$ine89 A¢count 147911 Potty C4sh R•s•rve Fund• 113 78039 Reserves Account 41409 298374 267472
PENNINE HERITAGE LIMITED (Company Ntsmb•r 1445673) lot•8 to the financlal Stst•m•nt4 lor th• Y•ar End•d 31 M•rch 2024 12. CredStors Mortgage Capltal rnpayrn•n¢• •ro dw on th• mortg8gg a¥ foll•)w• 3110312024 J110312023 Due withing 1 year Due Ir Tnore than 1 year 137LIS 13,096 126383 132.703 TolBI Outstandin9 140.089 145,799 Tr*d• Crgdltom du• wlthln 1 y•ar Mortgage payments Accru31 137C 13,096 500 500 Bonds 3,013 2.993 VAT Total Trade Credilor¥ 3.405 1,249 17.838 20.624 eritage Lottery Fund The Charity musl continu• io own a1 keèp exdusi¥o control 0¥or what Aapp•ns lo the Bifchdits Centr¢ property. and must not sell let or otherwise part with il without the approval ol thè Hérila9e Lattery Fund tefofehand Should aoproval be gr•nied tho Hgrir89è Lottery Fund reserv05 the rKdhl 10 1oquo51 wh4tsv•r paymeol il 4eorn8 appropriale in Ihg circumg1once8 This may bg',- l a proportion of the sales prcxeods. equivalenl lo the original cost or bl a portion ol the grant spent on Ihe ass•l$ concerned,. whicthever Is greatsr. Th& Hentage Lollery Fund may also decidt not to 8gk lor repaymènt ol the grant lor any partl for any reason, bul il is for the lo decirje that. 14. Ultlmat• Controlllng P•rty Thé Chafity is Under lh¢ ¢ontrol of the board ol Trustees