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REGISTERED COMPANY NUMBER: 02017486 (England and Wales) REGISTERED CHARITY NUMBER: 517640
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CHARITY COMMISSION: |
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Report of the Trustees and
. Unaudited Financial Statements for the Year Ended 31 March 2024
for
‘ Brocklebank Preservation Society Limited
Kinsella Clarke Limited 61 Stanley Road Bootle Merseyside L20 7BZ
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Brocklebank Preservation Society Limited
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Contents of the Financial Statements for the Year Ended 31 March 2024
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| Report ofthe Trustees | 1 | to | 3 | |
| Independent Examiner's Report | 4 | |||
| Statement ofFinancial Activities | 5 | |||
| Balance Sheet | 6 | |||
| Notes to the Financial Statements | 7 | to | 10 | |
| DetailedStatementofFinancialActivities | 11 |
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Brocklebank Preservation Society Limited
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Report of the Trustees for the Year Ended 31 March 2024
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 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The aim ofthe Charity is to preserve and keep MT Brocklebank in a first class seagoing condition to enable it to remain as an asset of the Merseyside Maritime Museum for many years to come, and to demonstrate a facet of the maritime history of Merseyside, both in her home port and at maritime festivals around the coast of the British Isles. The Charity's objectives are to advance education by promoting and encouraging an interest in, and the study of, the vessel and the history of similar vessels, together with the present and possible future of marine navigation, maritime trade and all other maritime skills and practices and matters connected therewith, by and for the benefit of the public in general.
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Volunteers
Since the MT Brocklebank was bought by the Museum, and placed on the Asset Register, the general maintenance and operation of the vessel has been carried out by a team of dedicated workers, all of whom are members ofthe Society.
During the year running from Ist April 2023 to 31st March 2024 this team comprised, in alphabetical order:Ella Badura
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Derek Bowker David Campbell Patrick Carragher David Cranham Walter Davies Norman Dibbert Clive Evans Neil Fillingham Andrew Forbes (joined 2024) Brian Hynes Daniel Kamodsky (joined 2024) Stuart Kidd David Kiggings (joined 2023) Anthony Muncer Michael Parr Fred Roberts Gjoined 2024) Kenneth Tinkler William Underwood Joseph Vardin Mark Wild
Michael Brocklebank has left the society after many years of service including as secretary.
Board membersas at the end of the financial year are listed on page 3 of Trustees report.
Pamela Brown is a keen supporter of[the][Society.]
Throughout the year the board has had regular liaison with the Merseyside Maritime Museum.
Throughout her years being maintained and operated by the Society MT Brocklebank has been kept in compliance with all MCA regulations.
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Brocklebank Preservation Society Limited
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Report of the Trustees for the Year Ended 31 March 2024
ACHIEVEMENT AND PERFORMANCE
Charitable activities Running Season Spring/Summer 2023 and Spring 2024
Operations and Open Days
| 4th April 2023, sailed and arrived atHowth | |
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| 2nd May 2023 return to Liverpool! | |
| 8th May 2023, Coronation celebrations, | 550 visitors |
| Eurovision 9th, 11th& 13th May2023 | 1555 visitors |
| Total visitors whilst alongside in Liverpool 18th May2023, scattering ofBruce Porters ashes inthe Mersey |
2105 visitors |
| 22ndMay 2023, moved to Huskisson Dock in preparation for Battle ofthe Atlantic celebrations | |
| 28th May 2023, took part in Battle of the Atlantic Convoy in the river | |
| Ist June 2023, return to Canning Dock | |
| 31st July 2023,moved to Huskisson Dock in preparation for Barrow in | Furness |
| 4th August 2023, sail for Barrow in furness | |
| 5th & 6th August 2023, open Barrow in Furness maritime festival | 1680 visitors |
| 7th August, return to Liverpool | |
| 24th August 2023, open to ‘Liverpool cares’ charity members | |
| 27th & 28th August 2023, open August bank holiday | 827 visitors |
| 8th October 2023, hires for filmimg in the river | |
| 13th to the 15th November2023, Technology across time, open to students from various colleges | |
| 29thMarchto31stMarch&IstApril2024,openforEaster | 1976visitors |
Significant Repairs to the Vessel
Dry Dock
Hull worst pitting repaired with Belzona Hull painted including draft marks ans name Fore peake painted and plate replaced as necessary After peak painted Steelwork under fender renewed Anchors ranged and cleaned On going maintenance carried out during the year including painting of the engine room
FINANCIAL REVIEW
Principal funding sources
Applications for grants were made well in advance with accurate projected figures. Expenditure was only incurred when funds were available for purchases. Any unforeseen expenses that might have arisen during the year would have had _ to be funded separately by specific sponsorship, donations or fundraising.
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The museum paid both tranches of the normal grant for operation and maintenance of the tug in the course of the year, extra money was made available for the upcoming dry-dock.
Reserves policy
The charity aims to maintain reserves at a sufficient level to meet the day to day running expenses of the vessel.
STRUCTURE, GOVERNANCE AND MANAGEMENT The charity is a company limited by guarantee. The charity's objects are to advance education by obtaining and preserving the vessel MT Brocklebank and by promoting and encouraging an interest in and the study of the vessels and the history of similar vessels and the present and possible future circumstances of marine navigation, maritime trade and all other maritime skills and practices and matters connected therewith by and for the benefit of the public in general.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 02017486 (England and Wales)
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Brocklebank Preservation Society Limited
Report of the Trustees for the Year Ended 31 March 2024
Registered Charity number 517640
Registered office 12 Lyndhurst Avenue Pensby Wirral Merseyside CH61 5UD
Trustees K W Tinkler D A Cranham N Dibbert ; A Muncer Captain N Fillingham M S Wild (appointed 28.9.23)
None of the Trustees has any beneficial interest in the company. All of the Trustees are members of the company and guarantee to contribute £1 in the event ofa winding up.
The charity is managed by an executive committee, the number of officers serving on the committee shall be no less than three and no more than thirteen, unless otherwise determined by the company in a general meeting.
The Trustees have assessed the major risks to which the charity is exposed and are satisfied that appropriate systems are in place to mitigate exposure to the major risks.
Company Secretary Captain N Fillingham
Independent Examiner
Simon J Kirkham Kinsella Clarke Limited 61 Stanley Road Bootle Merseyside L20 7BZ
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
Approved by order ofthe board oftrustees on On
re and signed on its behalf by:
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N Dibbert - Trustee
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{ndependent Examiner's Report to the Trustees of Brocklebank Preservation Society Limited
Independent examiner's report to the trustees of Brocklebank Preservation Society Limited (‘the Company’) I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2024.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
_ IIndependenthave completedexaminer'smy examination.statement I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
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accounting records were not kept in respect of theCompany as required by Section 386 of[the][2006][Act;][or] 2. the accounts do not accord with those records; or 3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
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the accounts 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 preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
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I] have no 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.
Crttleéa—
Simon J Kirkham
Kinsella Clarke Limited
61 Stanley Road
Bootle Merseyside L20 7BZ
Date: to lef zt...
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Brocklebank Preservation Society Limited
Statement of Financial Activities for the Year Ended 31 March 2024
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|31.3.24|31.3.23|
|Unrestricted|Restricted|Total|Total|
|fund|fund|funds|funds|
|Notes|£|£|£|£|
|INCOME|AND|ENDOWMENTS|FROM|
|Donations|and|legacies|34,393|-|34,393|34,443|
|EXPENDITURE ON|
|Raising|funds|2|35,964|-|35,964|23,021|
|NET INCOME/(EXPENDITURE)|(1,571)|-|(1,571)|11,422|
|RECONCILIATION|OF|FUNDS|
|Total|funds|brought|forward|34,900|-|34,900|23,478|
|TOTAL|FUNDS|CARRIED FORWARD|33,329|-|33,329|34,900|
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The notes form part of[these][financial][statements]
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Brocklebank Preservation Society Limited
Balance Sheet 31 March 2024
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|31.3.24|31.3.23|
|Unrestricted|Restricted|Total|Total|
|fund|fund|funds|funds|
|Notes|£|£|£|£|
|CURRENT|ASSETS|
|Stocks|5|1,000|-|1,000|1,000|
|Cash|at|bank|33,276|-|33,276|34,811|
|34,276|-|34,276|35,811|
|CREDITORS|
|Amounts|falling|due|within|one|year|6|(947)|-|(947)|(911)|
|NET|CURRENT|ASSETS|33,329|-|33,329|34,900|
|TOTAL|ASSETS|LESS|CURRENT|
|LIABILITIES|33,329|-|33,329|34,900|
|NET|ASSETS|33,329|-|33,329|34,900|
|FUNDS|7|
|Unrestricted|funds|33,329|34,900|
|TOTAL FUNDS|33,329|34,900|
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The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of theCompanies Act 2006.
The trustees acknowledge their responsibilities for
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(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
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(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the smal] companies regime.
6"‘ afinancial statements andwere were signedapprovedg on itsby behalfthe by:Board of Trustees and authorised for issue on
NDibbert- Trustee
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The notes form part of these financial statements
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Brocklebank Preservation Society Limited
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Notes to the Financial Statements for the Year Ended 31 March 2024
- ACCOUNTING POLICIES
Basis of preparing the financial statements - The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)’, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland’ and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. Expenditure Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Stocks : Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of[the][nature][and][purpose][of][ each][fund][is][included][in][the][notes][to][the][financial][statements.]
- RAISING FUNDS
Raising donations and legacies
| Raising | donations and legacies | ||
|---|---|---|---|
| 31.3.24 | 31.3.23 | ||
| £ | £ | ||
| Support | costs | 35,964 | 23,021 |
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, Brocklebank Preservation Society Limited
Notes to the Financial Statements - continued for the Year Ended 31 March 2024
- TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023.
Trustees’ expenses
There were no trustees' expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023.
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|4.|COMPARATIVES|FOR|THE|STATEMENT|OF|FINANCIAL|ACTIVITIES|
|Unrestricted|Restricted|Total|
|fund|fund|funds|
|£|£|£|
|INCOME|AND|ENDOWMENTS|FROM|
|Donations|and|legacies|34,443|-|34,443|
|EXPENDITURE|ON|
|Raising|funds|23,021|-|23,021|
|NET INCOME|11,422|-|11,422|
|RECONCILIATION|OF|FUNDS|
|Total|funds|brought|forward|23,478|-|23,478|
|TOTAL FUNDS|CARRIED|FORWARD|34,900|-|34,900|
|5.|STOCKS|
|31.3.24|31.3.23|
|£|£|
|Stocks|1,000|1,000|
|6.|CREDITORS:|AMOUNTS|FALLING|DUE|WITHIN|ONE|YEAR|
|31.3.24|31.3.23|
|£|£|
|Accrued|expenses|947|911|
|7.|MOVEMENT|IN|FUNDS|
|Net|
|movement|At|
|At|1.4.23|in|funds|31.3.24|
|£|£|£|
|Unrestricted|funds|
|General|fund|34,900|(1,571)|33,329|
|TOTAL FUNDS|34,900|(1,571)|33,329|
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Brocklebank Preservation Society Limited
Notes to the Financial Statements - continued for the Year Ended 31 March 2024
7. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | ||
|---|---|---|---|---|
| resources | expended | in funds | ||
| £ | £ | £ | ||
| Unrestricted funds | . | |||
| General fund | 34,393 | (35,964) | (1,571) | |
| TOTAL FUNDS | 34,393 | (35,964) | (1,571) | |
| Comparatives for movement in funds | ||||
| Net | ||||
| movement | At | |||
| At 1.4.22 | in funds | 31.3.23 | ||
| £ , |
£ | £ | ||
| Unrestricted funds | ||||
| General fund | 23,478 | 11,422 | 34,900 | |
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| TOTAL FUNDS | 23,478 | 11,422 | 34,900 | |
| Comparative net movement in funds, included in the above are as follows: | ||||
| Incoming | Resources | Movement | ||
| resources | expended | in funds | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 34,443 | (23,021) | 11,422 | |
| TOTALFUNDS | 34,443 | (23,021) | 11,422 |
A current year 12 months and prior year 12 months combined position is as follows:
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1.4.22 | in funds | 31.3.24 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 23,478 | 9,851 | 33,329 |
| TOTALFUNDS | 23,478 | 9,851 | 33,329 |
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° Brocklebank Preservation Society Limited
Notes to the Financial Statements - continued for the Year Ended 31 March 2024
7. MOVEMENT IN FUNDS- continued
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
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| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 68,836 | (58,985) | 9,851 |
| TOTALFUNDS | 68,836 | (58,985) | 9,851 |
- RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2024.
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- HERITAGE ASSETS
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The Museum of Liverpool! owns the vessel M T Brocklebank and the charity has exclusive use of the vessel under a bare boat charter.
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Brocklebank Preservation Society Limited
| ; | Detailed Statement of Financial Activities | ||
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| for the Year Ended 31 March 2024 | |||
| 31.3.24 | 31.3.23 | ||
| £ | £ | ||
| INCOME AND ENDOWMENTS | |||
| Donations and legacies | |||
| Donations | 34,393 | 34,443 | |
| Total incoming resources | . | 34,393 | 34,443 |
| EXPENDITURE | |||
| Other trading activities | |||
| Opening stock | 1,000 | 1,000 | |
| Closing stock | (1,000) | (1,000) | |
| Support costs | |||
| Management | |||
| Dry dock expenses | 18,021 | - | |
| Insurance | 4,504 | 4,772 | |
| Safety equipment | 1,999 | 3,085 | |
| Postage and stationery | 1,543 | 746 | |
| 26,067 | 8,603 | ||
| Information technology | |||
| Reporting Accountant's fees | 948 | 912 | |
| Fuel and oil | 3,923 | - | |
| Repairs and renewals | 2,533 | 10,262 | |
| Sundries | 2,493 | 2,444 | |
| Charter fees | - | 800 | |
| 9,897 | 14,418 | ||
| Total resources expended | 35,964 | 23,021 | |
| Net(expenditure)/income | (1,571) | 11,422 |
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This page does not form part of the statutory financial statements
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