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## 

## 

||||Page|
|---|---|---|---|
|Reference and administrative|details ofthe company,|its Trustees and advisers|1-2|
|Chairman's<br>statement||||
|Trustees' report|||4-13|
|Independent<br>auditor's<br>report|on the financial statements||14-17|
|Consolidated<br>statement<br>offinancial activities|||18|
|Consolidated<br>balance sheet|||19-20|
|Company<br>balance sheet|||21-22|
|Consolidated<br>statement<br>ofcash flows|||23|
|Notes to the financial statements|||24-54|





## 

## 

|Trustees||||D H Williams,|D H Williams,|Chair (resigned 31August 2021)|Chair (resigned 31August 2021)|Chair (resigned 31August 2021)|
|---|---|---|---|---|---|---|---|---|
|||||J Rivers, Chair||(appointed||4September 2021)|
|||||H M Redmond||(resigned||10September 2021)|
|||||Dr 5 Rawlinson||(resigned||31August 2021)|
|||||M Atkinson|||||
|||||G Pickup|||||
|||||G Lewins|||||
|||||Dr R Gaunt|||||
|||||W JTracey|||||
|||||E E Pope (resigned 13September 2021)|||||
|||||H Bishop (appointed|||20|October 2021)|
|||||A Rawlings|(appointed||20October 2021)||
|Company|registered||||||||
|number||||01630237|||||
|Charity registered|||number|515526|||||
|Registered||office||Cromford|Mill||||
|||||Cromford|||||
|||||Matlock|||||
|||||Derbyshire|||||
|||||DE4 3RQ|||||
|Chief Executive Officer||||Simon Wallwork|||||
|President||||The Duke of Devonshire||||KCVO CBE DL|
|Independent||auditor||BHP LLP|||||
|||||Chartered|Accountants||||
|||||2 Rutland|Park||||
|||||Sheffield|||||
|||||South Yorkshire|||||
|||||5102PD|||||
|Bankers||||Lloyds TSBpic|||||
|||||Compton|||||
|||||Ashbourne|||||
|||||Derbyshire|||||
|||||DE6 1DY|||||
|Solicitors||||Geldards<br>LLP|||||
|||||Number<br>One Price Place|||||
|||||Pride Park|||||
|||||Derby|||||
|||||DE24 8QR|||||





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|||||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|---|
|||||funds|funds|funds|funds|
|||||2021|2021|2021|2020|
||||Note|f|f|f|f|
|Income from:||||||||
|Donations<br>and legacies||||29,669|2,814|32,483|176,862|
|Charitable<br>activities||||345,412|71,873|417,285|504,275|
|Other trading activities||||262,738||262,738|591,958|
|Investments|||||||178|
|Other income||||313,750|903,160|1,216,910|80,317|
|Total income||||951,576|977,847|1,929,423|1,353,590|
|Expenditure<br>on:||||||||
|Raising funds||||399,933||399,933|572,814|
|Charitable<br>activities|||10|769,918|262,776|1,032,694|960,936|
|Impairment<br>of heritage asset|||||2,349,197|2,349,197||
|Total expenditure||||1,169,851|2,611,973|3,781,824|1,533,750|
|Net expenditure||||(218,275)|(1,634,126)|(1,852,401)|(180,160)|
|Transfers<br>between||funds|25|668,295|(668,295)|||
|Net movement<br>in|funds before other|||||||
|recognised<br>gains||||450,020|(2,302,421)|(1,852,401)|(180,160)|
|Other recognised|gains:|||||||
|Gains on revaluation||offixed assets||1,214,883||1,214,883||
|Net movement<br>in|funds|||1,664,903|(2,302,421)|(637,518)|(180,160)|
|Reconciliation<br>offunds:||||||||
|Total funds brought||forward||183,157|4,767,713|4,950,870|5,131,030|
|Net movement<br>in|funds|||1,664,903|(2,302,421)|(637,518)|(180,160)|
|Total funds carried||forward||1,848,060|2,465,292|4,313,352|4,950,870|





## 

||||||||||2021||2020|
|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||Note||f||f|
|Fixed assets||||||||||||
|Tangible assets|||||||17||998,558||757,567|
|Heritage assets|||||||18||3,925,164||5,384,386|
||||||||||4,923,722||6,141,953|
|Current assets||||||||||||
|Stocks|||||||20|27,988||38,385||
|Debtors|||||||21|53,950||48,914||
|Cash at bank and in|hand|||||||771,318||183,033||
|||||||||853,256||270,332||
|Creditors: amounts|falling||due within||one year||22|(356,347)||(263,813)||
|Net current assets|||||||||496,909||6,519|
|Total assets less current|||liabilities||||||5,420,631||6,148,472|
|Creditors: amounts|falling||due after||more than|||||||
|one year|||||||23||(1,078,135)||(1,166,236)|
|Accruals and deferred||income|||||||(29,144)||(31,366)|
|Total net assets|||||||||4,313,352||4,950,870|
|Charity funds||||||||||||
|Restricted funds (includes|||revaluation||reserve of|||||||
|E24,901(2020:E24,901))|||||||25||2,465,292||4,767,713|
|Unrestricted<br>funds|(includes|||revaluation||reserve||||||
|ofE2,007,750(2020:||f792,867))|||||25||1,848,060||183,157|
|Total funds|||||||||4,313,352||4,950,870|





## 



## 

## 

|||||||||2021||2020|
|---|---|---|---|---|---|---|---|---|---|---|
|||||||Note||f||f|
|Fixed assets|||||||||||
|Tangible assets||||||17||879,116||631,915|
|Heritage assets||||||18||3,925,164||5,384,386|
|Investments||||||19|||||
|||||||||4,804,282||6,016,303|
|Current assets|||||||||||
|Debtors||||||21|54,849||48,459||
|Cash at bank and in|hand||||||731,462||171,294||
||||||||786,311||219,753||
|Creditors: amounts|falling|due within||one year||22|(260,926)||(219,739)||
|Net current (liabilities) /||assets||||||525,385||14|
|Total assets less current||liabilities||||||5,329,667||6,016,317|
|Creditors: amounts|falling|due after||more than|||||||
|one year||||||23||(1,008,875)||(1,053,886)|
|Total net assets||||||||4,320,792||4,962,431|
|Charity funds|||||||||||
|Restricted funds (includes||revaluation||reserve of|||||||
|E24,901(2020:E24,901))||||||25||2,468,173||4,767,713|
|Unrestricted<br>funds|(includes||revaluation||reserve||||||
|ofE2,007,750(2020:f792,867))||||||25||1,852,619||194,718|
|Total funds||||||||4,320,792||4,962,431|





## 

## 



## 

## 

||||||2021|2020|
|---|---|---|---|---|---|---|
|||||Note|f|E|
|Cash flows from operating|activities||||||
|Net cash provided<br>by operating<br>activities||||28|737,544|16,910|
|Cash flows from investing|activities||||||
|Interest received||||||178|
|Proceeds from the sale oftangible<br>fixed assets||||||40,187|
|Purchase oftangible fixed assets|||||(54,067)|(18,362)|
|Net cash (used in)/provided|by investing||activities||(54,060)|22,003|
|Cash flows from financing|activities||||||
|Repayments<br>of borrowing|||||(23,187)|(23,391)|
|Interest<br>paid|||||(42,092)|(44,024)|
|Net cash used in financing|activities||||(65,279)|(67,415)|
|Change<br>in cash and cash equivalents||in the year|||618,205|(28,502)|
|Cash and cash equivalents|at the beginning||ofthe year||153,113|181,615|
|Cash and cash equivalents|at the end|ofthe year||29|771,318|153,113|





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## 

## 

||||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|
||||funds|funds|funds|funds|
||||2021|2021|2021|2020|
||||f|f|f|f|
|Donations|and gifts received||29,669|2,814|32,483|38,106|
|Grants receivable||||||138,756|
||||29,669|2,814|32,483|176,862|
|Tota I 2020|||17,261|159,601|176,862||
|Income from charitable||activities|||||
||||Unrestricted|Restricted|Total|Total|
||||funds|funds|funds|funds|
||||2021|2021|2021|2020|
||||f|f|f|f|
|Property services|||314,064|9,440|323,504|365,119|
|Visitor services|||20,133|62,433|82,566|55,016|
|Education|and tours||11,215||11,215|84,140|
|Total 2021|||345,412|71,873|417,285|504,275|
|Tota I 2020|||500,754|3,521|504,275||



## 



## 

## 

## 

## 

|||Unrestricted|Total|Total|
|---|---|---|---|---|
|||funds|funds|funds|
|||2021|2021|2020|
|||f|f|f|
|Fundraising|events|1,326|1,326|5,743|
|Cromford|Mill Limited sales|261,412|261,412|586,215|
|||262,738|262,738|591,958|
|Tota I 2020||591,958|591,958||



|||||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|---|
|||||funds|funds|funds|funds|
|||||2021|2021|2021|2020|
|||||f|f|f|f|
|Bank||interest|receivable||||178|
|Tota|I|2020||82|96|178||





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## 

## 

|||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|
|||funds|funds|funds|funds|
|||2021|2021|2021|2020|
|||f|f|f|f|
|Car Park income||27,847||27,847|58,130|
|Profit on disposal|offixed assets||||22,187|
|Other government|covid support|102,480|903,160|1,005,640||
|CJRS income||183,423||183,423||
|||313,750|903,160|1,216,910|80,317|
|Tota I 2020||80,317||80,317||



## 

## 

||||Unrestricted|Total|Total|
|---|---|---|---|---|---|
||||funds|funds|funds|
||||2021|2021|2020|
||||f|f|f|
|Cromford|Mill Limited-|other costs|144,713|144,713|291,788|
|Cromford|Mill Limited-|wages and salaries|241,346|241,346|264,378|
|Cromford|Mill Limited-|Nl|9,122|9,122|11,659|
|Cromford|Mill Limited|—pension costs|4,752|4,752|4,989|
||||399,933|399,933|572,814|
|Tota I 2020|||572,814|572,814||



## 



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## 

## 

## 

## 

|||||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|---|
|||||funds|funds|funds|funds|
|||||2021|2021|2021|2020|
|||||f|f|f|f|
|Visitors services||||206,995|102,613|309,608|182,947|
|Property services||||240,819|41,146|281,965|316,843|
|Conservation|and building||services||||33,827|
|Heritage site management||||226,984|3,230|230,214|240,498|
|Building 17||||79,865|115,787|195,652|172,006|
|Governance|(note 13)|||15,255||15,255|14,815|
|||||769,918|262,776|1,032,694|960,936|
|Tota I 2020||||713,236|247,700|960,936||
|Analysis ofexpenditure||by activities||||||
|||||Activities||||
|||||undertaken||Total|Total|
|||||directly|Support costs|funds|funds|
|||||2021|2021|2021|2020|
|||||f|f|f|f|
|Visitors services||||309,608||309,608|182,947|
|Property services||||281,965||281,965|316,843|
|Conservation|and building||services||||33,827|
|Heritage site management||||230,214||230,214|240,498|
|Building 17||||195,652||195,652|172,006|
|Governance|||||15,255|15,255|14,815|
|||||1,017,439|15,255|1,032,694|960,936|
|Tota I 2020||||946,121|14,815|960,936||



## 



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## 

## 

## 

## 

||||||Total|Total|
|---|---|---|---|---|---|---|
||||||funds|funds|
||||||2021|2020|
||||||f|f|
|Governance|costs||||15,255|14,815|
|Net income/(expenditure)|||||||
|This is stated after charging:|||||||
||||||2021|2020|
||||||f|f|
|Depreciation|oftangible|fixed assets owned|by the group||47,416|44,812|
|Depreciation|of heritage|asset|||88,243|88,243|
||||||135,659|133,055|
|Governance|costs||||||
||||Unrestricted|Restricted|Total|Total|
||||funds|funds|funds|funds|
||||2021|2021|2021|2020|
||||f|f|f|f|
|Auditor's<br>remuneration|||6,113|2,967|9,080|8,900|
|Accounting|services||6,175||6,175|5,915|
||||12,288|2,967|15,255|14,815|
|Tota I 2020|||14,815||14,815||



## 

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## 

|||||||2021|2020|
|---|---|---|---|---|---|---|---|
|||||||f|f|
|Fees payable|to the company's|auditor||for the audit ofthe company's|annual|||
|accounts||||||9,580|8,900|
|Fees payable|to the company's|auditor||in respect of:||||
|All non-audit|services not included||above|||5,675|5,915|
|Staff costs||||||||
|||||Group|Group|Company|Company|
|||||2021|2020|2021|2020|
|||||f|f|f|f|
|Wages and salaries||||646,933|666,781|406,709|402,403|
|Social security costs||||38,744|42,412|29,622|30,753|
|Contribution|to defined contribution||pension|||||
|schemes||||15,357|15,582|10,605|10,593|
|||||701,034|724,775|446,936|443,749|



## 

||||Group|Group|
|---|---|---|---|---|
||||2021|2020|
||||No.|No.|
|Tourism|and|visitor services|||
|Site maintenance|||||
|Catering|and|retail|31|37|
|Administration||and support|||
||||55|58|





## 

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## 

## 

||||Group|Group|
|---|---|---|---|---|
||||2021|2020|
||||No.|No.|
|Tourism|and|visitor services|||
|Site maintenance|||||
|Catering|and|retail|14|16|
|Administration||and support|||
||||31|33|



## 



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## 

## 

## 

||Freehold|Leasehold|Cromford|Fixtures and||
|---|---|---|---|---|---|
||property|property|Wheatcroft|fittings||
||valuation|valuation|cost|cost|Total|
||f|f|f|f|f|
|Cost or valuation||||||
|At 1April 2020|156,333|385,000|153,495|345,262|1,040,090|
|Additions||||54,067|54,067|
|Disposals||||(55,444)|(55,444)|
|Revaluations|236,667||||236,667|
|At 31March 2021|393,000|385,000|153,495|343,885|1,275,380|
|Depreciation||||||
|At 1April 2020|||36,477|246,046|282,523|
|Charge for the year|||7,675|39,741|47,416|
|On disposals||||(53,117)|(53,117)|
|At 31March 2021|||44,152|232,670|276,822|
|Net book value||||||
|At 31March 2021|393,000|385,000|109,343|111,215|998,558|
|At 31March 2020|156,333|385,000|117,018|99,216|757,567|





## 

## 

## 

||Freehold|Leasehold|Fixtures and||
|---|---|---|---|---|
||property|property|fittings||
||valuation|valuation|cost|Total|
||f|f|f|f|
|Cost or valuation|||||
|At 1April 2020|156,333|385,000|322,985|864,318|
|Additions|||48,209|48,209|
|Disposals|||(44,500)|(44,500)|
|Revaluations|236,667|||236,667|
|At 31March 2021|393,000|385,000|326,694|1,104,694|
|Depreciation|||||
|At 1April 2020|||232,403|232,403|
|Charge for the year|||37,423|37,423|
|On disposals|||(44,248)|(44,248)|
|At 31March 2021|||225,578|225,578|
|Net book value|||||
|At 31March 2021|393,000|385,000|101,116|879,116|
|At 31March 2020|156,333|385,000|90,582|631,915|



||||Group|Group|
|---|---|---|---|---|
||||2021|2020|
||||f|f|
|Freehold|property||135,500|135,500|
|Long-term|leasehold|property|197,599|197,599|
||||333,099|333,099|





## 

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## 



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## 

## 

## 

|||||||Assets held at|Assets held at||
|---|---|---|---|---|---|---|---|---|
|||||||cost|valuation|Total|
|||||||2021|2021|2021|
|||||||f|f|f|
|Carrying|value|at|1|April|2020|4,059,852|1,324,534|5,384,386|
|Revaluation|||||||978,216|978,216|
|Depreciation||||||(88,241)||(88,241)|
|Impairment||||||(2,349,197)||(2,349,197)|
|||||||1,622,414|2,302,750|3,925,164|





## 

## 

## 

## 

## 

|||2021|2020|2019|2018|2017|
|---|---|---|---|---|---|---|
|||f|f|f|f|f|
|Purchases|||||||
|Heritage assets|—at cost|||1,392|37,711|119,930|
|Total additions||||1,392|37,711|119,930|
|Charge for depreciation|||||||
|Heritage assets|—at cost|(2,437,438)|(88,243)|(88,298)|(88,236)|(87,482)|
|Total charge forimpairment||(2,437,438)|(88,243)|(88,298)|(88,236)|(87,482)|
|Disposals|||||||
|Heritage assets|—at valuation||||(1,087)|(100,000)|
|Total disposals|||||(1,087)|(100,000)|





## 

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## 

## 

||Investments|in|
|---|---|---|
||subsidiary||
|Company|companies<br>f||
|Cost or valuation|||
|At 1April 2020|||
|At31March 2021|||
|Net book value|||
|At31March 2021|||
|At 31March 2020|||



## 

|||||||Group|Group|Company|
|---|---|---|---|---|---|---|---|---|
|||||||2021|2020|2020|
|||||||f|f|f|
|Finished|goods|and|goods|for|resale|27,988|38,385||





## 

## 

## 

## 

||||Group|Group|Company|Company|
|---|---|---|---|---|---|---|
||||2021|2020|2021|2020|
||||f|f|f|f|
|Trade debtors|||4,065|2,301|4,065|2,301|
|Amounts<br>owed by|group undertakings||||9,672||
|Other debtors|||8,735|345|186||
|Prepayments<br>and accrued income|||41,150|46,268|40,926|46,158|
||||53,950|48,914|54,849|48,459|
|Creditors: Amounts|falling due within one year||||||
||||Group|Group|Company|Company|
||||2021|2020|2021|2020|
||||f|f|f|f|
|Bank overdrafts||||29,920|||
|Bank loans|||64,914||21,824||
|Trade creditors|||162,664|76,924|146,609|56,607|
|Amounts<br>owed to group undertakings||||||52,722|
|Other taxation and|social security||27,355|53,661|15,892|23,518|
|Other creditors|||51,001|52,095|48,268|49,925|
|Accruals and deferred||income|50,413|51,213|28,333|36,967|
||||356,347|263,813|260,926|219,739|



## 



## 

## 

## 

||||||Group|Group|Company|Company|
|---|---|---|---|---|---|---|---|---|
||||||2021|2020|2021|2020|
||||||f|f|f|f|
|Bank loans|||||593,179|657,093|523,919|544,743|
|Architectural||Heritage|Fund loan re|Building 17|484,956|509,143|484,956|509,143|
||||||1,078,135|1,166,236|1,008,875|1,053,886|
|The aggregate||amount|of liabilities|payable or repayable|wholly or in part more than||five years after|the reporting|
|date is:|||||||||
||||||Group|Group|Company|Company|
||||||2021|2020|2021|2020|
||||||f|f|f|f|
|Repayable|by|instalments|||639,840|740,525|639,840|740,525|
||||||639,840|740,525|639,840|740,525|





## 

## 

## 

## 

## 

|Group|Group|
|---|---|
|2021|2020|
|f|f|
|29,144|31,366|





## 

|Statement offunds|- current year||||||
|---|---|---|---|---|---|---|
||Balance at 1|||Transfers|Gains/|Balance at 31|
||April 2020|Income|Expenditure|in/out|(Losses)|March 2021|
||f|f|f|f|f|f|
|Unrestricted|||||||
|funds|||||||
|General<br>Funds—|||||||
|charity|194,717|436,632|(659,029)|668,295|1,214,883|1,855,498|
|General<br>Funds—|||||||
|subsidiary|(11,560)|514,944|(510,822)|||(7,438)|
||183,157|951,576|(1,169,851)|668,295|1,214,883|1,848,060|
|Restricted funds|||||||
|Building 17|||||||
|development 5|||||||
|project fund|4,459,447||(2,465,026)|||1,994,421|
|Lumsdale<br>project|1,376|3,445|(2,242)|||2,579|
|Cromford Station|139,438|||||139,438|
|Dunsley Meadows|56,676||(105)|||56,571|
|Slinter Lane|30,000|||||30,000|
|Cromford<br>hydro|||||||
|scheme|1,272|9,440|(9,440)|||1,272|
|Sundry projects|1,081|53||||1,134|
|Strutt<br>Film (Aim|||||||
|Biffa)|3,557|200|(16,408)|||(12,651)|
|Arkwright's<br>books|||||||
|and artefacts|4,008|||||4,008|
|Slinter Woodland|||||||
|project|2,252|||||2,252|
|Guide resources|||||||
|fund|1,682|49||||1,731|
|Education|||||||
|materials|3,114|500|(601|||3,554|
|Resilience fund|42,625||(6,925)|||35,700|
|Beyond the Mill|||||||
|Walls Fund|8,100||(7,996)|||104|
|DV Tours Project|12,769||(1,187)|||11,582|
|Jo Fairfax Fund|316|||||316|





## 

## 

|||Balance at 1|||Transfers|Gains/|Balance at 31|
|---|---|---|---|---|---|---|---|
|||April 2020|Income|Expenditure|in/out|(Losses)|March 2021|
|||f|f|f|f|f|f|
|Cromford|Mill|||||||
|goes Digital!|||47,000|(20,775)|||26,225|
|NLHF Emergency||||||||
|Grants|||903,160|(73,148)|(668,295)||161,717|
|Meeting|Point||14,000|(2,000)|||12,000|
|DE-Carbonise||||||||
|Grant||||(6,661)|||(6,661)|
|||4,767,713|977,847|(2,611,973)|(668,295)||2,465,292|
|Total offunds||4,950,870|1,929,423|(3,781,824)||1,214,883|4,313,352|





## 

||||||||Balance at|
|---|---|---|---|---|---|---|---|
||||Balance at|||Transfers|31March|
||||1April 2019|Income|Expenditure|in/out|2020|
||||f|f|f|f|f|
|Unrestricted<br>funds||||||||
|General<br>Funds<br>—charity|||281,829|587,687|(684,421)|9,622|194,717|
|General<br>Funds<br>—subsidiary|||(12,616)|602,685|(601,629)||(11,560)|
||||269,213|1,190,372|(1,286,050)|9,622|183,157|
|Restricted funds||||||||
|Building 17development||&||||||
|project fund|||4,567,742||(108,295)||4,459,447|
|Lumsdale<br>project|||92|39,529|(38,245)||1,376|
|Cromford Station|||139,438||||139,438|
|Dunsley Meadows|||56,117|699|(140)||56,676|
|Slinter Lane|||30,000||||30,000|
|Cromford<br>hydro scheme|||2,007||(735)||1,272|
|Sundry projects|||1,024|331|(274)||1,081|
|Strutt<br>Film (Aim Biffa)||||3,557|||3,557|
|Arkwright's<br>books|and artefacts||4,008||||4,008|
|Slinter Woodland|project||2,252||||2,252|
|Guide resources fund|||1,441|241|||1,682|
|Education<br>materials|||3,114||||3,114|
|Resilience fund|||47,605|78,230|(83,210)||42,625|
|Marquee<br>fund|||6,977|7,179|(4,534)|(9,622)||
|Beyond the Mill Walls Fund||||20,336|(12,236)||8,100|
|DV Tours Project||||12,800|(31)||12,769|
|Jo Fairfax Fund||||316|||316|
||||4,861,817|163,218|(247,700)|(9,622)|4,767,713|
|Total offunds|||5,131,030|1,353,590|(1,533,750)||4,950,870|





## 

## 

## 

## 



## 

## 

## 

|||Balance at 1|||Transfers|Gains/|Balance at 31|
|---|---|---|---|---|---|---|---|
|||April 2020|Income|Expenditure|in/out|(Losses)|March 2021|
|||f|f|f|f|f|f|
|Genera|I funds|183,157|951,576|(1,169,851)|668,295|1,214,883|1,848,060|
|Restricted funds||4,767,713|977,847|(2,611,973)|(668,295)||2,465,292|
|||4,950,870|1,929,423|(3,781,824)||1,214,883|4,313,352|
|Summa|ry offunds|- prior year||||||
||||||||Balance at|
||||Balance at|||Transfers|31March|
||||1April 2019|Income|Expenditure|in/out|2020|
||||f|f|f|f|f|
|Genera|I funds||269,213|1,190,372|(1,286,050)|9,622|183,157|
|Restricted funds|||4,861,817|163,218|(247,700)|(9,622)|4,767,713|
||||5,131,030|1,353,590|(1,533,750)||4,950,870|





## 

## 

## 

## 

||||Unrestricted|Restricted|Total|
|---|---|---|---|---|---|
||||funds|funds|funds|
||||2021|2021|2021|
||||f|f|f|
|Tangible fixed assets|||762,546|236,012|998,558|
|Heritage assets|||2,302,751|1,622,413|3,925,164|
|Current assets|||246,389|606,867|853,256|
|Creditors due within one year|||(356,347)||(356,347)|
|Creditors due in more|than one|year|(1,078,135)||(1,078,135)|
|Provisions for liabilities|and charges||(29,144)||(29,144)|
|Total|||1,848,060|2,465,292|4,313,352|
|Analysis ofnet assets|between|funds - prior year||||
||||Unrestricted|Restricted|Total|
||||funds|funds|funds|
||||2020|2020|2020|
||||f|f|f|
|Tangible fixed assets|||443,930|313,637|757,567|
|Heritage assets|||1,236,292|4,148,094|5,384,386|
|Current assets|||(35,650)|305,982|270,332|
|Creditors due within one year|||(263,813)||(263,813)|
|Creditors due in more|than one|year|(1,166,236)||(1,166,236)|
|Provisions for liabilities|and charges||(31,366)||(31,366)|
|Ttl|||183,157|4,767,713|4,950,870|





## 

## 

## 

|28.|Reconciliation<br>ofnet movement|Reconciliation<br>ofnet movement|Reconciliation<br>ofnet movement|in funds to net cash flow from operating|activities|||
|---|---|---|---|---|---|---|---|
|||||||Group|Group|
|||||||2021|2020|
|||||||f|f|
||Net expenditure<br>for|the year (as||per Statement of Financial Activities)||(1,852,401)|(180,160)|
||Adjustments<br>for:|||||||
||Depreciation<br>charges|||||135,657|133,055|
||Amortisation<br>ofgovernment||grant|||(2,222)|(2,223)|
||Interest received|||||(7)|(178)|
||Interest<br>paid|||||42,092|44,024|
||Loss/(profit)<br>on the sale of||fixed|assets||2,327|(22,787)|
||Decrease in stocks|||||10,397|1,799|
||(Increase)/decrease|in debtors||||(5,036)|16,158|
||Increase<br>in creditors|||||57,540|27,222|
||Impairment<br>of heritage assets|||||2,349,197||
||Net cash provided<br>by operating|||activities||737,544|16,910|
|29.|Analysis ofcash and|cash equivalents||||||
|||||||Group|Group|
|||||||2021|2020|
|||||||f|f|
||Cash in hand|||||771,318|183,033|
||Overdraft<br>facility repayable||on demand||||(29,920)|
||Total cash and cash|equivalents||||771,318|153,113|





## 

## 

## 

## 

|||||||||||||At 1April|At 31March|At 31March|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||||2020|Cash flows|2021|
|||||||||||||f|f|f|
|Cash at bank and in hand||||||||||||183,033|588,285|771,318|
|Bank overdrafts<br>repayable||on|demand|||||||||(29,920)|29,920||
|Debt due within 1year||||||||||||(10,000)|(64,914)|(74,914)|
|Debt due after 1year|||||||||||(1,166,236)||88,101|(1,078,135)|
||||||||||||(1,023,123)||641,392|(381,731)|
|Contingent<br>liabilities|||||||||||||||
|The charity<br>has a possible||obligation||to repair and reinstate||||an|aqueduct|||which was formally<br>part ofthe Cromford|||
|Mill site. Derbyshire|County||Council|(DCC) are|unable|to|agree||with||Derbyshire<br>Dales District Council|||(DDDC) and|
|Historic England<br>(HE)|on the height at which the aqueduct||||||should|||be|reinstated.<br>The liability<br>has been|||estimated<br>at|
|f295,000 and<br>is contingent|||on an agreement||being|reached|||between|||DDC and|DDDC/HE<br>at some|point<br>in the|
|future.|||||||||||||||
|Operating<br>lease commitments|||||||||||||||
|At 31March 2021the Group|||and the|company|had commitments|||||to|make future<br>minimum<br>lease payments<br>under||||
|non-cancellable<br>operating||leases as follows:|||||||||||||
|||||||||Group||||Group|Company|Company|
|||||||||2021||||2020|2021|2020|
||||||||||f|||f|f|f|
|Not later than 1year|||||||37,505|||||37,197|9,505|9,197|
|Later than 1year and|not|later than 5years|||||10,130|||||17,588|10,130|17,588|
||||||||47,635|||||54,785|19,635|26,785|



## 

## 



## 

## 

## 

## 

## 

|Name||||Company|Class of|Holding|
|---|---|---|---|---|---|---|
|||||number|shares||
|Cromford|Mill Limited|||02913429|Ordinary|100%|
|The financial||results ofthe subsidiary|for the year were:||||
|Name|||Income|Expenditure|Profit/(Loss)/|Net assets|
||||f|f|Surplus/|f|
||||||(Deficit) for the||
||||||year<br>f||
|Cromford|Mill Limited||514,951|(510,829)|4,122|(7,438)|