THE NEW MECHANICS LIMITED
(A COMPANY LIMITED BY GUARANTEE)
(THE NorriNGHAM MECHANICS)
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2024
COMPANY RE6IsTERED NUMBER
00929885
Registered in England
CHARITY REGISTERED NUMBER
522274

THE NEW MECHANICS LIMITED
(THE NOThINGHAM MECHANICS- founded 1837)
(Limited by Guarantee - Registered in England No. 00929885)
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2024
CONTENTS
PAGE
The Council and Administration
Report of the Chairman
Directors, Report
317
Independent Examinerfs Report
Statement of Financial Activities
Balance Sheet
10
Accounting Policies and Notes
11121

THE NEW MECHANICS LIMITED
(THE NorriNGHAM MECHANICS - founded 1837>
(Limited by Guarantee - Registered in England No. 00929885)
THE COUNCIL ADMINISTRATION
STATUS
The New Mechanics Limited is a charitable company limited by guarantee and has no share capital.
It was incorporated on 1 st April 1968 and is a registered charity {No. 522274).
PRESIDENT
Mrs J Morris
VICE PRESIDENT
Vacant
COUNCIL MEMBERS
(BOARD of DIRECTORS)
Mrs C A Atton
MrsllHart
Mrs V Apple (Died 12.11.2024) Mr R W Smith
Ms KJ Price
Mrs P Tilley
Mr G R Freeman
Mrs H Hundley
Mrs J Morris
Mrs J Bird
HONORARY SECRETARY
Mrs V Apple { Died 12th November 2024)
Vacant
HONORARY TREASURER
ANAGER
Mr A Carlton
REPORTING ACCOUNTANTS
MrA R R Pri￿ FCA
Pells
Chartered Accountants
17 Newstead Grove
NOTTINGHAM NG14GZ
BANKERS
Virgin Money
11 Smithy Row
NO￿INGHAm
NG13EJ
SOLICITORS
Geldards LLP
The Arc
Enterprise Way
NOTTINGHAM NG2 1EN
REGISTERED OFFICE
3 North Sherwood Street
NOTTINGHAM NG14EZ

THE NEW MECHANICS UMITED
(THE NOThINGHAM MECHANICS - ft)unded 1837)
(Limited by Guarantee - Registered in England No. 00929885)
REPORT OF THE CHAIRMAN
FOR THE YEAR ENDED 31ST DECEMBER 2024
It's been a busy year behind the scenes with various discussions needing attention. The biggest of
these being our financial situation, which I've mentioned at the last years Annual General Meeting and
our recent Extra Emergency General Meeting.
The sale going ahead with Nottingham Trent University was the best all round deal for both our
parties. The correct sale price, plus an 18 months free rental agreement letting us keep business as
usual while we seek a new local rented￿eaSed building, smaller than this one for our relocation.
Investing the money from the sale would create income and enable us to draw down money to cover
any shortfalls in operational costs as we feel this wtll still be a concern
l estimate that the new arrangement will see us through the next 18 years plus, even if charitable
donations are forthcoming in the near future.
Adam and Wes have now completed a successful year with their°Leisure Leaming programs.. A
profitable scheme which adds to our income. Thank you to you both for making it a success.
Once again thank you to the members for your support. to the Council, Staff and to Adam our general
manager who manages to pull it all together for us.
What I have said will be padded out a Itttle in Adarns report. I have not at this moment of reporting
had an update of the sale details. We will update you each month via the newsletter on how things
are progressing.
MR G R FREEMAN
CHAIRMAN
' xk.L. ?0)=.

THE NEW MECHANICS LIMITED
(THE NorriNGHAM MECHANICS- founded 1837)
(Llmited by Guarantse - Registered in England No. 00929885)
REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 31ST DECEMBER 2024
Re
ort of the Trustees for the Year Ended 31st December 2024
The Trustees are pleased to present their annual Directors, Report. together with the financial
statements of the Charity for the year ended 31st December 2024, which are also prepared to meet
the requirements for a Directors, Report and accounts for Companies Act purposes.
The financial statements have been prepared in accordance with the accounting policies set out in
note 1 to the financial statements and comply with the charity's governing document, the Companies
Act 2006 and "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 United Kingdom and Republic of Ireland (FRS 102) (effective 1st January 2019)
Trustees of the Chari
The Directors of the charitable company are its Trustees for the purposes of charity law. The
Trustees who have served during the year and Sin￿ the year end were as follows'.-
Mrs C Alton
Mrs H Hundley
Mrs V Apple
{ Died 12th November 2024) Mrs I l Hart
Ms KJ Price
Mrs P Tilley
Mr GR Freeman
Mrs J Bird
Mr R W Smith
anisational Structure and Mana
ement
The New Mechanics Limited is a charitable company limited by guarantee and has no share capital.
It was incorporated on 1st April 1968 and is a registered charity (No. 522274). Its constitution is set
out in the Memorandum and ArtiGles of Association.
The controlling body is the Council of Management (Board of Directors) of up to 20 rnembers who are
the registered Directors. Meetings of the Board of Directors are normally held monthly. Directors
must have been members of the Association for at least 12 rnonths and are elected to serve for three
years. all retiring Directors are eligible for re-election. The procedures for nomination and election of
Directors are set out in the Articles of Association.
The Honorary Secretary and the Honorary T￿aSurer a￿ appointed by the Board of Directors for a
period of two years and are eligible for reappointment, the Honorary Secretary and the Honorary
Treasurer are ex officio Directors. Directors are Trustees of the charity and use "The Good Trustee
Guide" published by NCVO Publications as their training manual.

THE NEW MECHANICS LIMITED
{THE NOTTINGHAM MECHANICS- founded 1837)
(Limitsd by Guarantee - Registered in England No. 00929885)
REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 31ST DECEMBER 2024
Or
anisational Structure and Mana
ment
(Continued)
The President and Vice Presidents are honorary positions, nominated by the Board of Directors and
appointed by the membership at the AGM for a peri¢)d of three years, and are eligible for
reappointment.
The Board of Directors have delegated responsibility for day to day operations to Mr A Carlton, the
Manager, including the provision of catering facilities. Catering is provided as a service to members
ancillary to other activities.
Risk Review
The Manager has carried out risk assessments for fire and health and safety requirements and
brokers are employed to advise on insurance policies. Maintenance contracts with regular
inspections are used for boilers, plant and equipment including the passenger and goods lifts.
Ob"ectlves and Activities
The Memorandum of Association sets out in paragraph 3{b) the main objective:
"To promote the benefit of the inhabitants of the City of Nottingham and the neighbourhood thereof
by the advancement of eduGation and the provision. in the interests of social welfare and with the
objects of improving the conditions of lrfe. of facilities for recreation and other leisure time
occupations."
In addition paragraph 3{1) states 'To... Support... any charitable associations or institutions... in any
way connected with the purposes of the Association or calculated to fvrther its objectives."
The Nottingham Mechanics owns and occupies premises in the centre of Nottingham and seeks to
meet these objectives in two ways, firstly to organise its own activities, and secondly to hire rooms at
favourable rates to organisations whiGh have similar aims.
It is a policy to keep the subscription as low as possible to enable those on low incomes to become
members. (Lower rates are maintained for those aged less than 18 years). This is considered an
important policy as most members are elderly and many are on low incomes.
Activities for our members, therefore, concentrate on dancing, aerobics and other similar physical
activities to help members to keep fit, such as table tennis and cultural and mental pursuits SUGh as
bridge, whist and chess with regular recorded opera and classical music sessions. Weekly
illustrated lectures throughout most of the year prove popular and are well attended, and are open to
non-members at a visitor fee of £2.00. The provision of computers for intemet aC￿sS has proved
popular. We also a￿ange day trips and short breaks for our members to places of interest in the
UK.

THE NEW MECHANICS LIMITED
(THE NO￿INGHAm MECHANICS- ftlunded 1837)
(Limited by Guarantee - Registsred in England No. 00929885)
REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 31ST DECEMBER 2024
Ob"ectives and Activities
Continued
The Nottingham Mechanics provides subsidised access to its building for a wide range of
organisations with shared or complementary objectives, many of which have been associated with
us for several years. These include the Dickens Fellowship, the National Trust, the Nottingham
Probus Club, the Nottingharn Shakespeare Society, the Nottingham Writers Club, the R.C.T.S., and
the Thoroton Society
In August last year, we launched our Leisure Leaming programme, which has proven to be
significant Suc￿SS-partIcUlarlY as the W.E.A. no longer runs classes at our venue. This initiative
has expanded our educational offering and strengthened community engagement.
In addition to comrnunity use, we also hire roorns at commercial rates to organisations for meetings
and training. Regular clients include Frarnework, Age UK, and the NHS.
Member activities continue to be a vital part of our operation. The balance between these and
external lettings has been enhanced through intemal reconfiguration-specifically, reducing the size
of the library to expand the rnembers, area.
Together, our income from room hire, members. subscriptions, investment retums. and food and
beverage sales fomi the core of our financial sustainability
Achievements and Performance
The results for the year (as detailed in the attached financial statements) were as follows.'-
Incoming ReSoUr￿S
Outgoing ReSoUr￿S
160,133
252,450
Net Outgoing Resources for the Year
(92,317)
Net gains/(losses) on investments
(231)
Balance brought forward
1,433,097
Total Unrestricted Funds as at 31st December 2024
1.340,549
The above funds have been allocatsd as follows".-
Resources used for Net Acquisitions of Fixed Assets
Investment portfolio
Working Capital
Liabilities falling due after more than one year
1,205,915
161,488
(18,521)
8,333
Total Funds as at 31st December 2024
1,340,549

THE NEW MECHANICS LIMITED
(THE NorriNGHAM MECHANICS - founded 1837)
(Limited by Guarantee - Registered in England No. 00929885)
REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 31ST DECEMBER 2024
Achlevements and Performance
Our standout achievement over the past year is undoubtedly the development of Leisure Learning.
What began as a small idea, inspired by a visit to the Ipswich Institute, has been successfully brought
to life by Adam and Wes. The programme now features a dedicated website, professionally produced
marketing materials, and widespread positive feedback
The project continues to grow, vith 34 courses already scheduled for the upcoming Autumn and
Winter tenns.
We continue to monitor all levels of activity within the Institute and strnie to keep cost down in this
environment of ever-increasing costs.
The number of members at 31 st December 2024 was 217 {2023:195)
Reserves Polic
The Board have considered that unrestricted funds not invested in fixed assets should be maintained
at a level of three months of resources expended (currently equating to 60, 000) to enable the current
actiVFties of the charity to continue in the event of a significant drop in funding.
Our unrestricted funds total £1,340,549 of which £1,205,915 is represented by the building and other
fixed assets £161,488 is set aside for the investment portfolio and designated funds of £5, 909
leaving free funds in deficit by £32,763 at the end of the year as detailed in note 15.
Steps are being taken that will eliminate the deficit arising from the proposed sale of the building as
mentioned in future plans below and detailed in note 18 on page 21 of these accounts.
Investment Powers
Under the charity's Memorandum of Association. the Board is empowered to make any investment tt
deems appropriate in pursuit of our charitable objectives. Following a thorough review of available
options, we selected Canaccord as our investment partner to help us deliver on these aims
responsibly and effectively.
Future Plans
Looking ahead, we intend to revisit and refine our charitable purpose to ensure it remains at the heart
of everything we do. The potential sale and relocation of The Nottingham Mechanics Institute
presents a valuable opportunity to reflect, reset, and realign our operating model with our mission.
We are actively exploring altemative models and leaming from best practi￿ across the sector. This
strategic development will help us further our charitable objectives and strengthen our future

THE NEW MECHANICS LIMITED
(THE NO￿INGHAm MECHANICS - founded 183T)
(Limited by Guarantee - Registered in England No. 00929885)
REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 31ST DECEMBER 2024
Political Contrlbutions
No donations for political purposes have been made.
Re
ortin
Accountants
Pells, Chartered Accountants, are reappointed as Reporting Accountants for the ensuing year.
Publlc Benefit Statement
The Board of Directors have cornplied with their duty to have due regard to the guidance on public
benefit, including the 'guidance public benefit: running a Charity PB2' published by the Charty
Commission in exercising their powers or duties.
This report has been prepared in accordanGe WFth the Statement of Recommended Practice
Accounting and Reporting by Chaiities SORP 2019 FRS (102) and in accordance with the special
provisions for Small Companies under part 15 of the Cornpanies Act 2006.
BY ORDER OF THE COUNCIL
Mr G R Freeman

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
THE NEW MECHANICS LIMITED
I report to the Charity Trustees on my examination of the accounts for the Gompany for the year
ended 31st De￿mber 2024, which comprise the statement of financial activities, statement of
financial position and the related notes set out on pages 11 to 21
Responsibilities and Basis of Report
As the Charity's Trustees of the company (and also its Directors for the purpose 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 carying out my examination I have followed the directions given by the Charity
Commission under Section 145(5) (b) of the 2011 Act.
Independent ExarnineVs Statement
I have completed my examination. I confinn that no matters have come to my attention in connection
with the examination giving me Gause to believe:
accounting records were not kept in respect of the company as required by Section 386 of the
2006 Act,. or
the accounts do not accord with those records" or
the accounts do not comply WFth the accounting requirements of Section 396 of the 2006 Act
other than any requirement that the accounts give a 'true and fair view, which it nor a matter
onsidered as part of an independent examination; or
the acGounts have not been prepared in accordan￿ 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
whiGh attention should be drawn in this report to enable a proper understanding of the accounts to be
reached.
A R R PRICE FCA
Member of the Institute of Chartered Accountants in England and Wales
For and on behalf of Pells Chartered Accountants
17 Newstead Grove
NO￿INGHAm
NG14GZ

THE NEW MECHANICS LIMITED
(THE NOTTINGHAM MECHANICS- founded 1837)
{Limited by Guarantee - Registered in England No. 00929885)
STATEMENT OF FINANCIAL ACTIVITIES
(INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31ST DECEMBER 2024
Totsl
Funds
2024
Total
Funds
2023
Notes
UNRESTRICTED FUNDS
INCOME
Income and Endowments from:
Donations and gr8nts
Charitable Activities
Other Trading Activities
Investment incorne
36,540
96,529
12,167
14,897
9,626
83,851
14,611
19,310
TOTAL INCOME
160,133
127,398
EXPENDITURE ON:
Raising Funds
Charitable Activities
2,552
249.898
2,882
240,238
TOTAL EXPENDITURE
252,450
243,120
Net Outgoing Resources for the Year
(92,317)
(115,722)
Net gainsl{losses) on Investments
(231)
(2,489)
Loss on Revaluation of Investment Property
NET MOVEMENT IN FUNDS
(92, 548)
(118,211)
Total Funds at 1st January 2024
1,433.097
1,551,308
TOTAL FUNDS AT 31ST DECEMBER 2024
1,340,549
1,433.097
All the above results are derived from continuing activities.

THE NEW MECHANICS LIMITED
(THE No￿INGHAm MECHANICS - founded 1837)
{Limited by Guarantee - Reg￿tsred in England No. 00929885)
BALANCE SHEET AS AT 31ST DECEMBER 2024
2024
2023
Notas
FIXED ASSETS
Tangible Assets
Investments
10
11
1,205,915
161,488
1,224,504
232 278
1.367,403
1,456,782
CURRENT ASSETS
Stfxks
Debtors
Cash funds held at Canaccord
Cash at Bank and in Hand
2.456
3,856
2,053
16.611
2,568
5.439
13,610
17,619
12
24.976
39,236
CREDITORS: amounts falling
due within one year
13
43,497
44,588
NEf CURRENT {LIABILITIESyASSETS
(18,521)
1,348,882
(5,352)
1,451,430
CREDITORS: amounts falling
due after more than one year
14
18.333)
{18,333)
NET ASSETS
1,340,549
1A33,097
UNRESTRICTED FUNDS
Designated Funds
General Funds
15
15
5,909
5,909
1,427 188
TOTAL CHARITY FUNDS
1,340,549
1,433.097
The D1￿CtorS ale satisfied that the company is entiued to ex￿pIlon frorn audit under Section 477 of the Companies Act 2006 relating to
small companiés.
The DirectrJrs' Responsibilities."
The mefflber5 have not r8quired the company to oblain an aLtdrt of its accounts for the year ended in accordan￿ Section 476.
The Directors acknowledge their responsibilitie5 tr comptying wth the ￿qU￿ement of the Act v*th ￿pert to accounting ￿CordS and
preparation of accounts.
The financial statements have been prepared in accordan￿ the provis*)ns applicable to small companies, subject to the small
compani&s regime and in aceofjlance ￿th FRS {102) SORP.
These financial statements werè approved by the Board on
and signed on its behalf.
BY ORDER OF THE COUNCIL
Mr G R Freeman
Mrs C A Alton
The ncles on pages 11-21 fom part of thesè financial statements
10

THE NEW MECHANICS LIMITED
(THE NorriNGHAM MECHANICS- founded 18371
(Limited by Guarantee - Registsred in England No. 00929885)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2024
ACCOUNTING POLICIES
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
(a) General Inforniation and Basis of Preparation
The New Mechanics Limrted is a company limtted by guarantee in the United Kingdom. In the
event of the Charity being wound up, the liability in respect of the guarantee is limited to £1 per
member of the Charity. The address of the registered office is give in the Charity information
on page 1 of these financial statements. The nature of the Charity's operations and principal
activities are..
To promote the benefit of the inhabitants of the City of Nottingham and the neighbourhood,
thereof by the advancernent of education and the provision in the interests of social welfare with
the objects of improving the conditions of life, of facilities for recreation and other leisure lime
occupations. In addition to supporting charitable organisations or institution connected with the
purpose of the Association or calculated to further its objectives.
The financial statements have been prepared in accordance with the charity's governing
document. the Companies Act 2006 and "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 United Kingdom and Republic of Ireland (FRS
102) (effective 1 st January 2019)
The financial statements are prepared on a going concem basis under the historical cost
convention, modified to include certain items at fair value. The financial statements are
p￿pared in sterling which is the functional currency of the Charity.
The Charity constitutes a public benefit entity as defined by FRS 102.
The significant accounting policies applied in the preparation of these financial statements are
set out below. These policies have been consistently applied to all years presented unless
otherwise stated.
Funds
Unrestricted funds are available for use at the discretion of the Trustees in furtherance of the
general objectives of the Charity and whiGh have not been designated for other purposes.
Designated funds comprise unrestricted funds that have been set aside by the Trustees for
particular purposes. The aim and use of each designated fund is set out in the Notes to the
Financial Statements.

THE NEW MECHANICS LIMITED
rrHE NorriNGHAM MECHANICS - founded 1837)
(Limited by Guarantee - Registered in England No. 00929885)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2024
ACCOUNTING POLICIES (Continued)
Funds
Continued
Restricted funds are funds which are to be used in accordan￿ with specific restrictions imposed
by donors or which have been raised by the Charity for particular purposes. The cost of raising
and administering such funds are charged against the specific fund. The aim and use of each
restricted fund is set out in the Notes to the Financial Statements.
Income Reco
nltlon
All incoming reSoUr￿S are included in the Statement of Financial Activities (SOFA) when the
Charity is legally entitled to the income after any perfomance conditions have been met. the
amount can be measured reliably and rt is probable that the income will be received.
For donations to be recognised, the Charity will have been notified of the amounts and the
settlement date in writing. If there are conditions attached to the donation and this requires a
level of performance before entitlement can be obtained then the income is deferred until those
conditions are fully met or the fulfilment of those conditions is within the control of the Charity
and it is probable that they will be fulfilled.
For legacies, entitlement is the earlier of the Charity being notified of an impending distribution
Income from trading activrties includes income eamed from fundraising events and trading
activities to raise funds for the Charity. Income is received in exchange for supplying goods and
services in order to raise funds and is recognised when entitlement has occurred.
Investment income is earned through holding assets for investment purposes. It includes
interest and ￿nt. Interest income is recognised using the effective interest method and rent
income is recognised as the Charity's right to receive payment is established.
Revenue grants are recognised when the Charity has entitlement to the funds, any perfomiance
conditions attached have been met, it is probable that the income will be received and the
amount can be measured reliably.
Ex
enditure Reco
nition
All expenditure is accounted for on an accruals basis and has been classified under headings
that aggregate all costs related to the category. Expenditure is recognised where there is a
legal or Gonstructive obligation to make payments to third parties. it is probable that the
settlement will be required and the amount of the obligation can be measured reliably. It is
ategorised under the following headings:
Costs of raising funds includes costs of managing the investrnent property and room hire"
12

THE NEW MECHANICS LIMITED
(THE NorriNGHAM MECHANICS - founded 1837)
(Limited by Guarantee - Registered in England No. 00929885)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2024
ACCOUNTING POLICIES (Continued)
enditure Reco
nition
Continued
Members, subscriptions, cultural excursions. the restaurant and bar. and supporting
Charities and other Institutions connected with the purpose of the Charity through letting of
rooms at a redU￿d rate.
Other expenditure represents those ttems not falling into the categories above.
ort Costs Allocation
Support costs are those that assist the work an the Charity but do not directly represent
charttable activities and include office costs, govemance costs, administrative payroll costs.
The are incurred directly in support of expenditure on the objects of the Charity. Where
support costs cannot be directly attributed to particular headings they have been allocated to
cost of raising funds and expenditure on charitable activrties on a basis consistent with use of
resources.
Tan
ible Fixed Assets
Tangible fixed assets are stated at cost less accumulated depreciation and accumulated
impairment losses. Cost includes costs directly attributable to making the asset capable of
operating as intended.
Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost,
less estimated residual value, of each asset on a systematic basis over its expected useful life
as follows'.-
Freehold Land
Freehold Buildings
Equipment and Fixtures and Fittings
Furnishings
Computer Equipment
Investments
Not depreciated
2010 Straight line basis
6.60A straight line basis
5'h straight line basis
200h straight line basis
Investments are stated at market value as advised by the fund managers. Realised and
unrealised gains are recognised in 'net gainsl(losses) on investrnents, in the SOFA.
stocks
Stocks are stated at the lower of cost and estimated selling pri￿ less costs to complete and
sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in
bringing stock to its present location and condition. Cost is calculated using the first-in, first-
out formula. Provision is made for damaged, obsolete and slow-moving stock where
appropriate.
13

THE NEW MECHANICS LIMITED
ITHE NOThINGHAM MECHANICS - founded 1837)
(Llmited by Guarantee - Reglstered in England No. 00929885)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2024
ACCOUNTING POLICIES (Continued)
Debtors and Creditors RecelvablelPa
able Within One Year
Debtors and c￿dItorS with no stated interest rate and receivable or payable within one year are
recorded at transaction price. Any losses arising from impairment are recognised in expenditure.
Im
aimient
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at
each Balance Sheet date. If suth indication exists. the recoverable amount of the asset, or the
asset's cash generating unit, is estimated and compared to the carrying amount. When the carrying
amount exceeds its recoverable arnount, and impaiment loss is recognised in profit or loss unless
the asset is carried at a revalwl amount where the impairment loss is a revaluation decrease.
Tax
The Charity is an exempt Charity within the meaning of Schedule 3 of the Charities Act 2011 and is
considered to pass the tests set out in Paragraph 1 Schedule 6 Finance Act 2010 and therefore it
meets with the definition of a charitable company for UK corporaticn tax purposes.
Goin
Concern
The ff nancial statements have been prepared on a going concern basis as the Trustees believe that
no material uncertainties exst. The Trustees have considered the level of funds held and the
expected level of incorne and expenditure for 12 months from authorising these financial
statements. The budgeted income and expenditure and the future sale of the investment propety
will enable the Charity to continue as a going con￿rn.
VOLUNTARY INCOME
2024
2023
Donations
36,540
9,626
9,626
36.540
14

THE NEW MECHANICS LIMITED
(THE NOThINGHAM MECHANICS - founded 1837)
(Limited by Guarantee - registered in England No. 00929885)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2024
INCOME FROM CHARITABLE ACTIVITIES
2024
2023
Members, Subscriptions
Members, Cultural Excursions
Restaurant and Bar
Lettings of Rooms
Visitor Tickets
Leisure Learning
Library and Sundry
8,386
2,376
52,903
23,834
27
8,695
308
8,727
2,733
49,442
22,497
98
354
96,529
83,851
OTHER TRADING ACTIVITIES
Room Hire
12,167
14,611
INVESTMENT INCOME
Investment Interest
Car Parking Charges
7,604
7,293
7,652
11,658
14,897
19,310
RAISING FUNDS
Investment Management Costs:
Investment management fees
2.157
3,215
2.157
3,215
{333)
Provision for Doubfful Debts
Advertising
395
2,552
2,882
15

THE NEW MECHANICS LIMITED
(THE NorriNGHAM MECHANICS- founded 1837)
(Limitsd by Guarantse - Registered in England No. 00929885)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2024
ANALYSIS OF EXPENDITURE ON CHARITABLE ACTIVITIES
2024
2023
Restaurant and Bar:
Purchases
Wages
Repairs
Equipment Hire
Rates & Water
Electricity and Gas
Cleaning( Incl wages) and Sundries
Depreciation
19,119
20,516
377
18,504
24,863
724
639
5,892
6,318
1,102
1,487
4,607
5,174
981
52,261
58,986
Members. Cultural Excursions
2,963
2,992
Leisure Learnlng
General..
4,113
Managernent and Office Salaries and Wages
Rates, Water, Electricity, Gas, Insuran￿ and Telephone
Printing, Stationery and Postage
Sundry
Depreciation
Repairs and Maintenance
Bank Interest
Credit Card Charges
60,185
28.226
1,214
7,221
1,183
278
809
148
58,394
31,929
689
4,410
1,753
3,405
862
1,542
99,264
102,984
Bulldings:
Wages Facilities
Repairs and Maintenance
Cleaning Wages
Cleaning and Sundries
DepreGiation
47,905
4,790
13,158
2,478
17,576
33,712
4,214
10,490
3,090
18,290
85,907
69,796
16

THE NEW MECHANICS LIMITED
(THE NOTTINGHAM MECHANICS - founded 1837)
(Limited by Guarantee - registered in England No. 00929885)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2024
ANALYSIS OF EXPENDITURE ON CHARITABLE EVENTS {Continued)
2024
2023
Governance Costs:
Independent Examiners Fees
Other Accounting Sep4ices
Bank Charges
1,700
3,690
1,675
3,755
50
5,390
5.480
TOTAL FOR CHARITABLE ACTIVITIES
249,898
240,238
STAFF COSTS AND NUMBERS
staff Costs were as follows:
Salaries and Wages
Social Security Costs
Pension Costs - Deferred Contribution
139,304
4,223
1,542
124.699
3,265
1,385
145,069
129,349
No ernployee received emoluments of more than £60,000.
The average numbers of and employees
during the year were:
No.
No.
Employees:
Directors
Office and Administration
Facility Staff
The President, Vice Presidents and Honorary Officers are appointed by the Council.
The Trustees neither received nor waived any remuneration during the year {2023: £Nil).
The Trustees did not have any expenses reimbursed durtng the year (2023 £Nil).
Total key management remuneration arnounted to £ 33,186 (2023: £31,721).
17

THE NEW MECHANICS LIMITED
(THE NOTTINGHAM MECHANICS- founded 1837)
(Lirnited by Guarantee - registered in England No. 00929885)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2024
NET EXPENDITURE FOR THE YEAR
2024
2023
This is stated after charging:
Depreciation
Independent Examinerfs Fee
Other Accounting Services
19,740
1,700
3,690
21,145
1,595
3,835
10
TANGIBLE FIXED ASSErs
Equipmen(
Fixtures
and
Fittin
Freehold
Land and
Buildln
Total
Tangible
Assets
Computer
s Equi
ment
Furnishin
COST
At 1.1.24
Additions
Disposals
1,567.336
281,421
1,151
70,366
26.074
1,945,197
1,151
At 31.12.24
1,567,336
282,572
70,366
26,074
1,946,348
DEPRECIATION
At 1.1.24
Charge for the Year
On Disposals
355.920
17,576
274,185
981
64,875
904
25,713
279
720,693
19,740
At 31.12.24
373,496
275.166
65,779
25,992
740,433
NET BOOK VALUE
At 31.12.24
1,193,840
7,406
4,587
82
1,205,915
At 31.12.23
1,211.416
7,236
5,491
361
1,224,504
The net book values represent fixed assets used for direct charitable purposes
18

THE NEW MECHANICS LIMITED
(THE NOTTINGHAM MECHANICS- founded 1837>
(Limited by Guarantee - Registered in England No. 00929885)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2024
2024
2023
11 INVESTMENTS
Market value at 1st January 2023
Acquisitions at cost
Sale prO￿edS from disposals
Realised Gainl(loss) in the year
Unrealised Gainl(loss) in the year
Market value at 31st December 2024
232,278
81,135
(151,957)
289,454
(54,687)
(5,144)
2,655
232,278
32
161.488
Investments at market value comprised:
Debt and fixed interest
Equities
55.572
105,916
161,488
79,894
152,384
232,278
Historical cost as at 31st DeGember 2024
158.801
229,622
12 DEBTORS
2024
2023
Trade Debtors
Prepayments and Accrued Income
1,090
2,766
2,654
2,785
3,856
5,439
13 CREDITORS: Amounts Falling Due Within One Year
Bank loan
Trade Creditors
Accruals and Deferred Income
Taxation and Social Security
Other Creditors
10,000
3,642
19,592
6.918
3,345
10,000
3,458
18,994
8,572
3.564
43,497
44,588
Included in accruals and defe￿ed income is deferred income relating to members, subscriptions
which are paid in advance. This amounts to £4.837 (2023". £4,497).
19

THE NEW MECHANICS LIMITED
(THE NOTTINGHAM MECHANICS - founded 1837)
{Llmiled by Guarantee - Registorod In England No. 00929885)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2024
14 CREDITORS: Amounts Falling Due After More Than One Y￿r
2024
2023
Bank loan
8.333
18,333
The bank loan is repayable by instalments within 5 years
15 MOVEMENT IN FUNDS
At
01.01.24
Incoming
Outgoing
Resources Resources Transfer
At
31.12.24
Unrestrictad Funds:
Designated Funds=
Special Funds Reserve
5.909
5,909
Unrestricted Funds '.
Fixed Assets
Investment Reserve
General Funds
1,224,504
232,278
29.594)
1.427,188
(18,589)
(70,790)
89.379
1,205,915
181.488
32,763)
1,334,640
1eo.133
160.133
{252.681
(252.681
TOTAL FUNDS
1.433,097
160.133
(252,681)
1,340,549
Unrestricted Funds
Fixed Assets:
This represents the net book value of fixed assets.
Investment Reserve".
This represents the balance of fijnds from the sale of the investment propety at Phoenix Park, Nottingham inv8Sted
with Canaccord Genuity in listed UK securities
Speclal Funds Reserve:
This Fund includes..
Sir Albert Atkey and E A HaNey Bequesls
The J N Derbyshire Foundab'on Fund
£682
£5,227
682
£5.227
The funds previously shown under the heading of 'Special Funds. were released to the General Fund in 1966 on the
following conditions..
that the identity of the funds be preserved and sho￿1 in the financial statements"
that the funds would be reinstated from fijture income of the general fund after meeting running expenses and
allowng for depreciation..
Ihal until reinststement the Council will provide out of general funds for the continuance of the ststed objectiv@s of
the abov& ￿ named Fur)ds.
20

THE NEW MECHANICS LIMITED
(THE NOThINGHAM MECHANICS- founded 1837)
(Limited by Guarantse - RegiSte￿d in England No. 00929885)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2024
16 ANALYSIS OF NET ASSETS BETWEEN FUNDS
Unrestrlcted
Funds
Designated
Funds
Total
Fund Balances as at 31st December 2024
are represented by:
Tangible Fixed Assets
Investments
Net Current Liabilities
Creditors amount falling due after more
than one year
1.205,915
161.488
(24.430)
1,205,915
161,488
(18,521)
5,909
8,333
1.334,640
8.333
1,340,549
5.909
Fund Balances as at 31st December 2023
are represented by:
Tangible Fixed Assets
Net Current Assets
Creditors amount falling due after more
than one year
1,224.504
232,278
{11.261)
18,333
1,427.188
1,224,504
232,278
(5,352)
18,333
1.433,097
5.909
5,909
17 RELATED PARTIES
There are no related party transactions that require disclosure.
18 POST BALANCE SHEET EVENT
Sale of 3 North Sherwood Street to Nottingham Trent University
Negotiations regarding the sale of 3 North Sherwood Street Cornmen￿d in April 2025. Following
the conclusion of preliminary discussions, the proposal and accompanying plan were presented
to the Board of Trustees at its June meeting. The Board resolved that the sale was in the best
interests of the chartty.
In July 2025, Heads of Terms were ag￿ed for both the leaseback and the sale of the propety.
These have been passed to our solicitors, Geldards LLP. who are now undertaking the legal
process, including due diligence and property searches.
The prO￿sS has been communicated to members, and copies of the plan have been rnade
available.
21