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REGISTERED COMPANY NUMBER: 02017486 (England and Wales) REGISTERED CHARITY NUMBER: 517640
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Report of the Trustees and
Unaudited Financia] Statements for the Year Ended 31 March 2025
for
Brocklebank Preservation Society Limited
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Charity Commission | |
“22s Received |
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Kinsella Clarke Limited 61 Stanley Road Bootle Merseyside L20 7BZ
Brocklebank Preservation Society Limited
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Contents of the Financial Statements for the Year Ended 31 March 2025
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|Page|
|Report|of the|Trustees|I|to|3|
|Independent|Examiner's|Report|4|
|Statement|of Financial|Activities|5|
|Balance|Sheet|6|
|Notes|to|the|Financial|Statements|7|to|10|
|Detailed|Statement|of Financial|Activities|1]|
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Brocklebank Preservation Society Limited
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Report of the Trustees for the Year Ended 31. 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 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 of the 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:
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 of the Society. During the year running from Ist April 2024 to 31st March 2025 this team comprised, in alphabetical order:Ella Badura Derek Bowker David Campbell Patrick Carragher David Cranham Walter. Davies Norman Dibbert Clive Evans Neil Fillingham Andrew Forbes Brian Hynes Daniel Kamodsky Stuart Kidd David Kiggings Harry Moore (joined 2024) Anthony. Muncer Michael Parr Fred Roberts Jack. Schwenn Goined 2024) Kenneth Tinkler William Underwood Joseph Vardin Mark Wild
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Board members as 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 ofthe Trustees for the Year Ended 31 March 2025
ACHIEVEMENT AND PERFORMANCE Charitable activities Running Season Spring/Summer/Autumn 2024
Operations.and Open Days
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|Ath|to|6th May 2024|Open|for May bank holiday|1976|visitors|
|25th|to|27th May 2024|Open|for spring bank holiday|1455|visitors|
|24th|June|2024|Moved|to|Huskinsson|dock|
|26th June:2024|Sailed|for Londonderry|
|27th|June:to.|30th June|Open|Foyle.maritime.|festival|3385|visitors|
|Ist'to|2nd July:2024|Sailed LondonderrytoCanning dock|
|6th|August|2024|Move|to|Huskinsson|Dock|
|9th August 2024|Sailed for Barrow|
|10'‘to|11th August 2024|Open Barrow|maritime-festival|2125|visitors|
|12th August 2024|Sailed Barrow|for Huskinsson|dock|
|18th August-2024|Return|to|Canning Dock|;|
|24th|to|26th|August 2024|Open|August bank holiday|1472|visitors|
|14th|September.2024|Open|for Border Force|open|day|
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Significant Repairs to the Vessel
Balast pump replaced, replacement supplied by Cammel Lairds free of charge. Main mast scaled and painted using scaffolding supplied free of charge. Bi-annual air bottles carried out.
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.
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 publicin general.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 02017486 (England and Wales)
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Registered Charity number 517640
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Brocklebank Preservation Society Limited
Report of the Trustees for the Year Ended 31 March 2025
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
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 rio 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 120 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 of the board of trustees on Sin Teen 208 and signed on its behalf by:
N Dibbert - Trustee
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Independent 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 2025.
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, | 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.
Independent examiner's statement
I have completed my examination. 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 the Company as required by Section 386 of the 2006 Act; or 2. the-accounts do not accord with those records; or
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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)).
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.
SS Le.
Simon J Kirkham
Kinsella Clarke Limited
61 Stanley Road
Bootle
Merseyside 120 7BZ Date: _xla)2ersLE .
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Brocklebank Preservation Society Limited
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Statement of Financial Activities for the Year Ended 31 March 2025
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|31.3.25|31.3.24|
|Unrestricted|Restricted|Total|Total|
|fund|fund|funds|funds|
|Notes|£|£|£|£|
|INCOME|AND ENDOWMENTS FROM|
|Donations:and|legacies|31,703|-|31,703|34,393|
|EXPENDITURE|ON|
|Raising finds|2|25,779|-|25,779|35,964|
|NET INCOME/(EXPENDITURE)|5,924|-|5,924|(1,571)|
|RECONCILIATION|OF FUNDS|
|Total funds|brought|forward|33,329|-|33,329|34,900|
|FOTAL FUNDS|CARRIED|FORWARD|39,253|-|39,253|33,329|
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The notes form part ofthese financial statements
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Brocklebank Preservation Society Limited
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Balance Sheet 31 March 2025
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|31.3.25|31.324|
|Unrestricted|Restricted|Total|Total|
|fund|fund|funds|finds|
|Notes|£|£|£|£|
|CURRENT ASSETS|
|Stocks|5|1,000|-|1,000|1,000|
|Cash|at bank|39,237|-|39,237|33,276|
|40,237|-|40,237|34,276|
|CREDITORS|
|Amounts|falling due|within|one year|6|(984)|=|(984)|(947)|
|NET|CURRENT ASSETS|39,253|-|39,253|33,329|
|TOTAL|ASSETS|LESS|CURRENT|
|LIABILITIES|39,253|-|39,253|33,329|
|NET|ASSETS|39,253|-|39,253|33,329|
|FUNDS|7|
|Unrestricted|funds|39,253|33,329|
|TOTAL FUNDS|395253|33,329|
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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 2025.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies 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 small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on STi. Duty... 2O2o0........ and were signed on its behalf by:
N Dibbert - Trustee
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 2025
1. 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 | ||
|---|---|---|---|
| 31.3.25 | 31.3.24 | ||
| £ | £ | ||
| Support | costs | 25,779 | 35,964 |
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Brocklebank Preservation Society Limited
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Notes.to the Financial Statements - continued for the Year Ended 31 March 2025
3. TRUSTEES' REMUNERATION AND BENEFITS
There ‘were no trustees’ remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024.
Trustees’ expenses
There were no trustees’ expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024.
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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|34,393|-|34,393|
|EXPENDITURE|ON|
|Raising funds|35,964|-|35,964|
|NET INCOME/(EXPENDITURE)|(1,571)|-|(1,571)|
|RECONCILIATION|OF FUNDS|
|Total|funds|brought|forward|34,900|-|34,900|
|TOTAL FUNDS|CARRIED|FORWARD|33,329|-|33,329|
|5.|STOCKS|
|31.3.25|31,3.24|
|£|£|
|Stocks|1,000|1,000|
|6.|CREDITORS:|AMOUNTS|FALLING DUE WITHIN ONE YEAR|
|31.3.25|31.3.24|
|£|£|
|Accrued|expenses|984|947|
|7.|MOVEMENT|IN FUNDS|
|Net|
|movement|At|
|At|1.4.24|in|funds|31.3.25|
|£|£|£|
|Unrestricted.|funds|
|General|fund|33,329|5,924|39,253|
|TOTAL FUNDS|33,329|5,924|39,253|
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Brocklebank Preservation Society Limited
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Notes to the Financial Statements - continued for the Year Ended 31 March 2025
7. MOVEMENT IN FUNDS - continued
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|31,703|(25,779)|5,924|
|TOTAL FUNDS|31,703|(25,779)|5,924|
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Comparatives for movement in funds
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|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|
|Comparative|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)|
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A current year 12 months and prior year 12 months combined position is as follows:
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|Net|
|movement|At|
|At|1.4.23|in|funds|313.25|
|£|£|£|
|Unrestricted|funds|
|General|fund|34,900|4,353|39,253|
|TOTAL FUNDS|34,900|4,353|39,253|
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Brocklebank Preservation Society Limited
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
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|66,096|(61,743)|4,353|
|TOTAL FUNDS|66,096|(61,743)|4,353|
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- RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2025.
- HERITAGE ASSETS
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
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| Detailed Statement ofFinancial Activities | |||
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| for theYear Ended:31 March2025 | |||
| 31.3.25 | 31.3.24 | ||
| £ | £ | ||
| INCOME.ANDENDOWMENTS | |||
| Donations and legacies | . | ||
| Donations | 31,703 | 34,393 | |
| Total incoming resources | 31,703 | 34,393 | |
| EXPENDITURE | |||
| Other trading activities | |||
| Opening stock | 1,000 | 1;000 | |
| Closing stock | (1,000) | (1,000) | |
| Support costs | |||
| Management | |||
| Dry dockexpenses | “ | 18,021 | |
| Insurance | 4,497 | 4,504 | |
| Safety equipment | 6,207 | 1,999 | |
| Postage and stationery | 1,444 | 1,543 | |
| 12,148 | 26;067 | ||
| Information technology | |||
| ReportingAccountant's fees | 984 | 948 | |
| Fuel and-oil | 85326 | 3,923 | |
| Repairs andrenewals | 1,245 | 2,533 | |
| Sundries | 3,076 | 2,493 | |
| 13,631 | 9,897 | ||
| Total resources expended | 25,779 | 35,964 | |
| Netincome/(expenditure) | 5,924 | (1,571) |
This page does not form part of the statutory financial statements
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