WHALEY BRIDGE MECHANICS INSTITUTE
Registered Charity No. 520533. Mechanics Institute, Market Street, Whaley Bridge,
High Peak, SK23 7AA
Secretary to Trustee: Mr A Fox Tel: 01663 733068
WEBSITE: v￿.Wha1eybridgetownC0UnCIl.gov.uk
Annual Report for the year ended 31st March 2024
Whaley Bridge Town Council, as a corporate body, is the Trustee of the Mechanics Institution, which
is a Charity registered in England No 520533 providing community facilities. The Secretary to the
Trustee is Mr Andrew Fox.
The Trustee met on 9th January 2025 to approve the Report and Accounts. The accounts have been
audited and approved by Leathley & Co Accountants, independent
accountants of Market Street, Whaley Bridge. The signed minutes of the Trustee meetings are kept
in a separate file and are available for public inspection when requested, along with the annual
report and accounts.
The Mechanics Institute was built in 1876 for the benefit of the community and now provides a large
hall, a meeting room and reading room which are available for hire at competitive rates.
Income and Expenditure
The total income for the year was £26,141, an increase of £312 on the previous year. We have
managed to produce a very similar year to last with marginal increases in the revenue taken. We
see another large increase in the amount of money raised from Coffee mornings with £734
compared to the £394 made last year. The regular bookings have seen a slight increase while the
coffee morning bookings are still below where they could be. The rent for the Council's use of the
building including the office is still a vital income for the charity.
Local organisations use the facilities for Coffee mornings and other fund-raising events.
The Darby and Joan Club, Horwich End Wl and Citizens Advice Bureau met throughout this year
providing income under concessionary use.
Derbyshire County Council pay rent for the basement together with an annual service charge to
provide Library Services to the Town. This library charge and use of the building by the Town Council
were again a very reliable source of income over the financial year.
The total expenditure for the year was £44,841 an increase on the previous year mainly due to the
new boiler installed at the Mechanics. This is a significant cost of £8,240 however, it is hoped that it
will have a very positive effect on reducing the gas bills which are not helped by our very inefficient
old boiler. The repairs and maintenance spend of £3,173 compared to last year's £2,358 is only a
comparatively small increase. The spend in this financial year is very high due to the boiler and the
increased salaries which is due to one of last year's salary payments being included in this year's
receipts and payments account. The price of gas is still putting major financial pressure on the
Charity. This year £9,711 was spent on gas and electric compared to £13,334 last year which is a
good improvement and will improve again with the new boiler and a new cheaper gas rate. This has
led to a deficit for the year of £18,700, which is an exceptional amount however, the investment
should produce a profit over the next few financial years as the boiler makes us significant savings.
This has been taken from the general reserves of the Charity, which do need replenishing.
Secretary to the Trustee
The secretary to the Trustee, Andrew Fox, is available on weekday mornings between 10.00am and
12.00pm to take bookings, answer queries and provide information.
Chair of the Trustee
Secretary to the Trustee

WHALEY BRIDGE MECHANICS INSTITUTION
ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2024
Leathley & Co Whaley Bridge Office
l Market Street
Whaley Bridge
High Peak
Derbyshire
SK23 7AA

Whaley Bridge Mechanics Institution
Contents
Page
Busine55 Details
Accountant's Report
Profit and Loss Account
Balance Sheet

Whaley Bridge Mechanics Institution
Business Details
For The Year Ended 31 March 2024
Proprietor
The Mechanics Institute
Accountants
Leathley & Co - Whaley Bridge Office
AAT Member in Practice
l Market Street
Whaley Bridge
High Peak
Derbyshire
SK23 7AA
Page I

Whaley Bridge Mechanics Institution
Accountant's Report
For The Year Ended 31 March 2024
INDEPENDEN
MINER'S REPO
THE TRUSTEES OF WHALEY BR
ECHANICS INSTITiITI
FOR THE YEAR ENDED
RC
2024
RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER
The charity's trustees are responsible for the preparation of the account5. The charity's trustees consider that an audit Is not
required for this year under sectSon 144 of the Charities Act 20 11 (the Charities Act) and that an independent examination is
needed.
It is my responsibility to.
(a}examine the accounts under section 145 of the Charities Act,
(b)to follow the procedures laid down in the General Directions given by the Charity Commission (under section 145(5)(b) of
the Charities Act), and
(c)to state whether particular matters have come to my attention.
BASIS OF INDEPENDENT EXAMINER'S REPORT
My examination was carried out in accordance with General Dlrections 9iven by the Charity Commlssion. An examination
Sncludes a review of the accounting records kept by the Charlty and a comparison of the accounts presented with those
records. It also includes consideration of any unusual items or disclosures in the accounts and seeklng explanations from the
Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in
an audit, and consequently no oplnion is given as to whether the accounts present a 'true and fair, vlew and the report Is
Ilmited to those matters set out In the statement below.
INDEPENDENT EXAMINER'S STATEMENT
In connection with my exarninatloTh, no matter has come to my attention:
l)which gives me reasonable cause to believe that In, any material respect, the requlrements
{a)to keep accounting records in accordance with Sectlon 130 of the Charities Act;
{blto prepare accounts which accord with the accountlng records and comply with the accounting requirements of the Act
have not been met; or
2)to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be
reached.
Leathley & Co - Whaley Brldge Offlce
AAT Member in Practice
l Market Street
Whaley Bridge
High Peak
Derbyshire
SK23 7AA
Page 2

Whaley Bridge Mechanics Institution
Profit and Loss Account
For The Year Ended 31 March 2024
2024
2023
Turnover
Clerks office
Coffee mornings
Conce55ionary use
Councll meetlngs
Library rent and service charges
Regular bookings
4,333
734
2,076
941
6,072
11,374
5,265
394
1.916
1,074
5.926
10,962
25,530
25,537
Other Income
Bank interest receivable
611
292
26,141
25,829
Expendlture
General wages
Rates
Light and heat
Water rates
Cleaning
Boiler replacement
Computer software, consumables and malntenance
Repalrs and renewals
Advertising and marketing costs
Professional fees
Bank charges
Sundry expenses
Trade refuse
21,284
105
14,474
195
9,711
673
338
8,240
143
13,334
619
597
119
3,173
94
419
72
2,358
129
72
86
503
488
44,841
32,385
NET LOSS
118,7001
16,5561
Page 3

Whaley Bridge Mechanics Institution
Balance Sheet
As At 31 March 2024
2024
2023
Notes
CURRENT ASSETS
Cash at bank and in hand
19,160
37,860
NET CURRENT ASSETS
19,160
37,860
TOTAL ASSETS LESS CURRENT
LIABILITIES
19,160
37,860
PROVISIONS FOR LIABILITIES
6,500
6,500
NET ASSETS
12,660
31,360
CAPITAL ACCOUNT
Balance at l April 2023
ProfiVILoss) for the periodlyear
31,360
(18,7001
37,916
(6,556)
Balance Carrled Fornard
12,660
31,360
Page 4

The above statement represents fairly the financial position of the authority as at 31,, March 2024 and
reflects its Income and Expenditure during the year.
Signed-
Chairman ....................................
Date:
Signed..
Responsible
Financial
Officer
Date:
Is/i/zs