WHALEY BRIDGE MECHANICS INSTITUTE Registered Charity No. 520533. Mechanics Institute, Market Stree( Whaley Bridge, High Peak, SK23 7AA Secretary to Trustee: Mr A Fox Tel: 01663 733068 WEBSITE: www.whaleybridgetowncouncil.gov.uk Annual Report for the year ended 31st March 2025 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 15th January 2026 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 £30,254, an increase of £4,113 on the previous year. We have managed to significantly increase the revenue taken for this year. Despite this we do see a large drop in the amount of money raised from Coffee mornings with £91 compared to the £734 made last year. The regular bookings have seen a large increase which equates for much of the increase in revenue. 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 pays 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 £24,253 a big decrease on the previous year mainly due to the new boiler installed at the Mechanics which was £8,240. We can already see a significant effect with the gas bills decreasing. The repairs and maintenance spend of £933 compared to last year's £3,173 is very low with no major expenses. The salaries have decreased as the previous year's account contained an additional salary payment which was reflected as it is a receipts and payment account. The price of gas is still a major financial pressure on the Charity however, this year £6,346 was spent on gas and electric compared to £9,711 last year. This is a big saving mainly thanks to a cheaper gas rate and a much more efficient boiler. This has led to a profit for the year of £6,001, which is a very welcome profit after a significant deficit in the previous financial year. We have the upcoming Mechanics Accessibility works which will mean a serious reduction in income but after this work is completed it is anticipated that the Mechanics can start to replenish the reserves which are now quite low. 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 2025 Leathley & Co - Whaley Bridge Office l Market Street Whaley Bridge High Peak Derbyshire SK23 7AA
Whaley Bridge Mechanics Institution Contents Page Business Details Accountant'5 Report Profit and Loss Account Balance Sheet
Whaley Bridge Mechanics Institution Business Details For The Year Ended 31 March 2025 Proprietor The Mechanics Institute Accountants Leathley & Co - Whaley Bridge Office AAT Metnber 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 2025 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF WHALEY BRIDGE MECHANICS INSTITUTION FOR THE YEAR ENDED 31 MARCH 2025 RESPECTtVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER The charity'5 trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144 of the Charities Act 20 1 I (the Charities Act) and that an independent examination 15 needed. It is my responsibility to.. (a)examine rhe accounts under section 145 of the Charitles Act, (b)to follow the procedures laid down in the General Directions given by the Charity Commission (under sectlon 145{5){b) of the Charities Act), and (c)to state whether particular mallers have come to my attention. BASIS OF INDEPENDENT EXAMINER'S REPORT My examinatlon was carried out in accordance with General Directions given by the Charity Commission. An examination Includes a review of the accounting records kept by the Charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking 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 opinion Is glven as to whether the account5 present a 'true and fair, view and the report is 1Smited to those matters set out in the statement below. INDEPENDENT EXAMINER'S STATEMENT In connection with my exam ination, no matter has come to my attention.. I Iwhlch gives me reasonable cause to believe that in, any material respect, the requirements (alto keep accounting records in accordance with Section 130 of the Charities Act. Iblto prepare accounts which accord with the accounting records and comply with the accounting requirements of the Act have not been met,. or 21to whlch, In my opinion, attention sholtld be drawn in order to enable a proper understanding of the accounts to be reached. Leathley & Co - Whaley Bridge Office 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 2025 2025 2024 Turnover Clerks office Coffee mornings Concessionary use Council meetings Library rent and service charges Miscellaneou5 and other bookings Regular bookings 5,720 91 4,333 734 2,076 941 2,575 1,022 5,926 53 6,072 14,484 11.374 29,871 25,530 Other Income Bank Interest recelvable 383 61L 30,254 26,141 Expendlture General wages Rates 15,036 LIO 6,346 748 394 21,284 105 9,711 673 338 8,240 143 Light and heat Water rates Cleaning Boiler replacement Computer software, consumables and maintenance Repairs and renewals Advertising and marketing costs Professional fees Bank charges Sundry expenses Trade refuse 933 3,173 94 419 72 96 71 86 503 519 24,253 44,841 NET PROFIT 6,001 (18,7001 Page 3
Whaley Bridge Mechanics Institution Balance Sheet As At 31 March 2025 2025 2024 Notes CURRENT ASSETS Cash at bank and in hand 25,161 19,160 NET CURRENT ASSETS 25,161 19,160 TOTAL ASSETS LESS CURRENT LIABILITIES 25,161 19,160 PROVISIONS FOR LIABILITIES 6,500 6,500 NET ASSETS 18,661 12,660 CAPITAL ACCOUNT Balance at l April 2024 Proflt/(Loss) for the periodlyear 12,660 6,001 31,360 (18,7001 Balance Carrled Forward 18,661 12,660 Page 4
The above statement represents fairly the f inancial position of the authority as at 3 1., March 2025 and ref lects its Income and Expenditure during the yea r. Signed: Chairman...................................... Date.. lJll/zobl Signed: Responsible Financial Off icer Date,. is/iILo76