Financial Statements for the Trustees of Pennine Heritage Limited
Year Ending 31[st] March 2025
Charity Number 509974
Pennine Heritage Limited (Co Reg No. 01445673)
Contents of Financial Statements for the Year Ended 31 March 2025
| Page | |
|---|---|
| Contents | 2 |
| Report of the Trustees | 3-6 |
| Independent Examination | 7 |
| Statement of Financial Activities | 8 |
| Balance Sheet | 9 |
| Notes to the Accounts | 10-13 |
Pennine Heritage Limited (Co Reg No. 01445673) Report of the Trustees for the Year Ended 31[st] March 2025
The trustees who are also directors 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 2025. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) ‘Accounting and Reporting by Charities’ issues in March 2005.
REFERENCE AND ADMINISTRATIVE DETAILS
Company No. 1445673 | Charity No. 509974
Principal Office
The Birchcliffe Centre Hebden Bridge West Yorkshire HX7 8DG
Registered Office
The Birchcliffe Centre Hebden Bridge West Yorkshire HX7 8DG
Trustees
The following Directors and Trustees served during the year:
B Atack David James Bryan Alexander Marc Taylor DE Fletcher D Greensmith P Kennedy JA Schofield MJ Tull Dr NJ Bowker Smith A Birch R Ellis B Harrison-Smith E Greenwood
Pennine Heritage Limited (Co Reg No. 01445673) Report of the Trustees for the Year Ended 31[st] March 2025
Independent Examiner
Wendy Gledhill Calder Community Accounting CIC Upper Floors 26 Halifax Road Todmorden West Yorkshire OL14 5QG
Bankers
Lloyds TSB PO Box 1000 Andover BX1 1LT
Solicitors
AWB Charlesworth 12-16 North Street Keighley West Yorkshire BD21 3SE
PENNINE HERITAGE LIMITED (Co Reg no. 1445873)
Report to the Trustees for the Year Ended 31* March 2025
The Birchcliffe Centre continues to be fully tenanted and, whilst the number of external bookings has reduced, we have successfully explored other income streams including successful applications for Grant Funding and new publications. Dr Francesca Elliot, our Heritage Manager left us at the beginning of April and we were fortunate enough to secure the services of Dr Andrew McTominey in this capacity. Our Knowledge Transfer Project (KTP), in partnership with The University of Huddersfield, formally ended at the end of December 2024 and we successfully submitted our final summative report to innovate UK (the sponsoring body for the KTP) in March 2025 for which we received the grade of ‘very good’ (B). This qualifies us to submit our project for consideration by Innovate UK for their awards in recognition of the quality of our work. This is a significant achievement given the generic criteria for success which are more attuned towards profit driven, commercial businesses than charities with difficult to measure social objectives.
: During this period, we have continued to develop partnerships with a variety of community and education partners including the University of Huddersfield (UoH), Manchester Metropolitan University {MMU), St Anne’s Community Service, IOU, the Hebden Bridge Local History Society (HBLHS) and the Hebden Bridge Picture House. This is an area of our operation that we are constantly seeking to develop further as we seek further organisation with whom to partner regarding specific projects and events designed to enable us to more fully achieve our Charitable Objectives.
We have continued to host and facilitate a programme of activities for our Adult Learning Disabled group spanning the two academic years encompassed within this reporting period in partnership with St Anne’s Community Service. We heid sessions, between September 2024 and January 2025, which gave access, for a number of stakeholder groups, including students from a local school, to the South Pennine Archives at the Birchcliffe Centre (BC) in partnership with UoH (through access to their ‘Impact Acceleration Account’).
In May 2024, we organised and hosted a public forum regarded the proposed Calder Valley wind farm. The event was attended by 250 concerned residents of the Upper Calder Valley and beyond with contributing speakers representing a number of viewpoints includingthe loss of cultural heritage and the impact to biodiversity and carbon capture. Our Heritage Open Day, in September 2024, attracted over 200 visitors which was encouraging as we coincided this with the launch of our flagship publication for 2024 The End of the Roll, which contains a selection of photographs from our Alice Longstaff Collection. Due to positive national and international press coverage, a second print run was required (each run comprising 250 copies) with a projected profit of £4,000. We also hosted a successful ‘International Women’s Day’ event with the Annapurna Dance from Halifax.
In partnership with the Hebden Bridge Local History Society, we successfully applied for funding from the National Heritage Lottery Fund (NHLF), awarded in September 2024, for £54,000 for the development of a South Pennine Archives website, beginning the digitisation of the HBLHS physical archive and the restoration and development of the entrance to the BC into a small museum space.
We have begun the process of rebranding the Trust and the Birchcliffe Centre and commissioned a local Graphic Designer (recommended by |OU) to send designs which will be circulated to all trustees for their consideration. This will include all signage, crucially the main signs at the front of the BC to more prominently and accurately communicate our presence, areas of operation and the work of our[tenants.] Our work to secure and conserve the BC is ongoing and we are employing our Building Project Grant to repair the roof, repair and redecorate the hall and continue our programme of gradual repairs to the hostel. During this period, our ground source heat pump-system was refurbished at a cost approaching £50,000. Whilst this was a ‘hit’ to our finances, it is credit to the prudent management of our finances in previous years that we were able to meet this cost largely through former Chair Judith Schofield’s hard work and diligence. Further costs were identified in the form of wear and tear to plastic piping which is scheduled for replacement with brass piping in the summer of 2025.
Listed Building Consent has been granted for the installation of solar panels on the roofs of the BC and our hostel and we await planning permission. We anticipate installation in the Autumn. We are exploring funding from WYCA to offset some of the costs of solar panels.
Organisationally, regular meetings of our Executive Group are now established which enable decisions to be made throughout the year and between meetings of the whole Trust Board (COMS) in accordance with the scheme of[delegated][decision][making] agreed by the Board. The Executive Group comprises myself (Chair), Alex Taylor (Buildings), David Bryan (Finance), David Greensmith (Legal and Procedural) and Judith Schofield (Vice Chair). Similarly, monthly meetings between myself, Andrew, the Hostel Manager, and their lOU line manager, are embedded and proving fruitful in fostering a positive, ongoing relationship with them regarding ongoing practical matters and the potential development of opportunities for collaboration.
Annette Birch continues to monitor environmental issues impacting on the heritage legacy of the natural history of our area most notably in relation to the progress and implications of the proposed windfarm in the area. Annette has attended meetings on our behalf and reported to our Trustee Board
M J Tuttao Signed on behalf of the Trustees of Pennine Heritage Ltd
Pennine Heritage Independent Examiners report
| report to the trustees of Pennine Heritage on my examination of their accounts for the year ended 31% March 2025.
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 2011 (‘the Act'). The trustees consider that an audit is not required for this year as their income is 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.
| 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 | have followed all the applicable directions given by the Charity Commission under section 145(5)(b) of the Act.
Basis of Examination
My examination included the review of the accounting records kept by the charity and a comparison of accounts with those records. It also took consideration of any unusual items in the accounts of which there were none. The procedures carried out do not provide all the evidence required for the purposes of[an][audit] and therefore no opinion is given on the ‘true and fair view’, this is not a matter for the independent examination.
independent Examiner's Statement
| can confirm that, in the case of my examination, no material matters have come to my attention that would give me cause to believe that accounting 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.
| have no other concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Signed
a
Wendy Gledhill
PENNINE HERITAGE LIMITED (Company Number 1445673)
Statement of Financial Activities for the Year Ended 31st March 2025
| Incoming Resources Notes From Generated Funds: Income from Donations and Legacies 2 Income from Grants 2 Investment Income 3 From Charitable Activities: 4 Total Incoming Resources Resources Expended: Charitable Activities 5 Donations 6 Governance Costs 7 Total Resources Expended Net Income before Transfers Transfers between funds Net movement of Funds RECONCILIATION OF FUNDS Total Funds Brought Forward 13 Total Funds carried Forward 13 Income Interest and investment income Gross Income for the year Expenditure interest payable Depreciation and charges for impairment of fixed assets Total expenditure for the year Net income/expenditure for the year |
Restricted Funds Unrestricted Funds Total Funds Total Funds |
Restricted Funds Unrestricted Funds Total Funds Total Funds |
|---|---|---|
| 31/03/2025 31/03/2025 31/03/2025 31/03/2024 |
||
| £ £ £ £ |
||
| 5,205 5,205 17,248 28,414 28,414 4,817 217 217 813 151,409 151,409 142,513 28,414 156,831 185,245 165,391 126,574 126,574 74,001 0 0 53,186 53,186 45,519 0 179,760 179,760 119,520 28,414 -22,929 5,485 45,871 0 0 0 0 |
||
| 28,414 -22,929 5,485 45,871 |
||
| 930,126 884,255 |
||
| 935,611 930,126 |
||
| 2025 2024 £ £ 185,028 164,578 217 813 |
||
| 185,245 165,391 166,324 105,921 12,934 13,599 502 670 |
||
| 179,760 120,190 |
||
| 5,485 45,201 |
PENNINE HERITAGE LIMITED (Company Number 1445673)
Balance Sheet as at 31st March 2025
| Fixed Assets Notes Tangible Assets 8 Current Assets Stocks 9 Debtors 10 Cash at Bank 11 Creditors Amounts due within one year 12 Net Current Assets Creditors Amounts due after one year 12 Total Net Assets Funds 13 Unrestricted Funds Restricted Funds Total Funds Opening Balance Funds Funds Generated in the Year Total Net Assets |
£ £ 31/03/2025 31/03/2024 867,668 792,010 1,000 1,000 16,569 15,973 188,961 267,481 -19,912 -20,624 186,618 263,830 -119,344 -126,383 934,942 929,457 928,702 909,599 6,241 19,858 |
|---|---|
| 934,942 929,457 929,457 884,256 5,485 45,201 934,942 929,457 |
These accounts have been prepared in accordance with special provisions of Part 15 of the Companies Act 2006 relating to small companies.
For the year ended 31st March 2025 the company was entitled to exemption from audit under section 477 of the companies act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the prepartion of accounts.
Approved by the board on 23rd December 2025
And signed on its behalf by:
Mike Tull
PENNINE HERITAGE LIMITED (Company Number 1445673)
Notes to the financial Statements for the Year Ended 31 March 2025
PENNINE HERITAGE LIMITED (Company Number 1445673) Notes to the financial Statements for the Year Ended 31 March 2025
Note 1
Accounting Policies
Accounting Conventions
The financial statments have been prepared under historical cost convention in accordance with Financial Reporting Standards for Samller Entities, and the Charities Act 2006 abd Statement of Recommended Practice Accounting and Reporting by Charities 2005.
| 2. Voluntary Income Donations NationaL Lottery Heritage Grant Calderdale Metropolitan Borough Council 3. Investment Income Deposit Account Interest 4. Incoming Resources from Charitable Activities Rents from Birchcliffe Hostel Rents from Birchcliffe Offices Recharges - Utilities Archive Income Publications Sundry Receipts Room Hire Studio Hire Renewable Heat Initiative 5. Resources Expended - Charitable Activities Council Rates Insurance Light Heat and Water Telephone and Internet Office Equipment and Stationary Repairs and Maintenance Cleaning |
31/03/2025 31/03/2024 £ £ 5,205 17,248 27,414 4,817 1,000 |
|---|---|
| 33,619 22,065 |
|
| 217 813 |
|
| 20,833 25,000 61,616 55,034 14,256 6,350 203 540 10,870 566 3,164 1,814 7,208 9,931 5,616 7,436 27,643 35,841 |
|
| 151,409 142,512 |
|
| 1,572 1,233 10,120 8,533 33,473 23,646 10,999 2,849 8,323 2,105 31,056 15,253 4,178 3,908 |
| Sundries Depreciation NLHF Project Costs Mortgage Interest Bank Charges Advertising Prints Publishing |
3,143 1,692 502 670 0 0 13,033 13,598 37 23 2,103 766 669 395 7,366 |
|---|---|
| 126,574 74,671 |
| PENNINE HERITAGE LIMITED (Company Number 1445673) Notes to the financial Statements for the Year Ended 31 March 2025 |
PENNINE HERITAGE LIMITED (Company Number 1445673) Notes to the financial Statements for the Year Ended 31 March 2025 |
|---|---|
| 6. Resources Expended - Donations 7. Resources Expended - Governance Costs Payroll Expenditure Staff Training Accountancy Costs Other Professional Services |
31/03/2025 31/03/2024 0 |
| 0 | |
| 50,745 44,732 0 1,095 787 1,346 0 |
|
| 53,186 45,519 |
8. TANGIBLE FIXED ASSETS
| COST At 1 April 2024 Additions At 31st March 2025 Depreciation At 1st April 2024 Charge For The Year Net Book Value At 31st March 2024 At 31st March 2025 |
Land & Buildings Plant & Machinery Total £ £ £ 791,554 20,473 812,027 76,160 - 867,714 20,473 812,027 1,554 18,463 20,017 - 502 502 |
|---|---|
| 790,000 2,010 792,010 |
|
| 866,160 1,508 867,668 |
31/03/2025 31/03/2024
| 9. Stocks Finished Goods 10. Debtors Trade debtors 11. Cash at Bank Business Account Petty Cash Reserve Funds Reserves Account Cash at Bank |
£ £ 1000 1000 |
|---|---|
| 16569 15973 |
|
| 69182 113 78039 41626 188960 267472 |
PENNINE HERITAGE LIMITED (Company Number 1445673) Notes to the financial Statements for the Year Ended 31 March 2025
12. Creditors
Mortgage
Capital repayments are due on the mortgage as follows
| Capital repayments are due on the mortgage as follows | |
|---|---|
| Due withing 1 year Due in more than 1 year Total Outstanding Trade Creditors Accruals Bonds VAT Total Trade Creditors |
31/03/2025 31/03/2024 13,500 13,706 126,000 126,383 139,500 140,089 |
| 0 13706 500 500 3013 3013 2899 3405 |
|
| 6412 20624 |
13. Contingent Liabilities
Heritage Lottery Fund
The Charity must continue to own and keep exclusive control over what happens to the Birccliffe Centre property, and must not sell, let or otherwise part with it without the approval of the Heritage Lottery Fund beforehand.
Should approval be granted the Heritage Lottery Fund reserves the right to request whatever payment it deems appropriate in the circumstances.
This may be;-
a) a proportion of the sales proceeds, equivalent to the original cost; or
b) a portion of the grant spent on the assets concerned; whichever is greater.
The Heritage Lottery Fund may also decide not to ask for repayment of the grant (or any part) for any reason, but it is for the to decide that.
14. Ultimate Controlling Party
The Charity is under the control of the board of Trustees.