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REGISTERED COMPANY NUMBER: 06904422 (England and Wales)
REGISTERED CHARITY NUMBER: 1179243












REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

DOGDYKE PUMPING STATION
PRESERVATION TRUST

DOGDYKE PUMPING STATION
PRESERVATION TRUST

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024










Page

Report of the Trustees 1 to 2

Independent Examiner's Report 3

Statement of Financial Activities 4

Balance Sheet 5 to 6

Notes to the Financial Statements 7 to 11

DOGDYKE PUMPING STATION
PRESERVATION TRUST (REGISTERED NUMBER: 06904422)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 OCTOBER 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 October 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).

Dogdyke is a land drainage pumping station. The steam engine was built in 1856 to replace an existing wind driven pump, which was used to drain a large area of farmland between the rivers Bain and Witham.

OBJECTIVES AND ACTIVITIES
Objectives and aims
The Trust exists to promote the permanent preservation of the pumping station for the benefit of the public and as an example of an historic pumping station. As part of this, the Trust provides and promotes education in the history of the pumping station and in land drainage, the human impact on the natural environment, industrial archaeology and mechanical engineering.

Significant activities
Open days are held during the summer months, during which the engines are operated and the museum in the pump attendant's cottage is open. There are also plant, produce and tombola stalls on the open days, together with additional occasional attractions such as displays of vintage agricultural and drainage equipment. The site is closed during the winter months to allow for the ongoing programme of maintenance, repair and improvement work.

Public benefit
Members of the public are given free access on a number of open days during the summer months. We have considered the Charity Commission's guidance on public benefit, including the guidance 'public benefit: running a charity (PB2)'.

ACHIEVEMENT AND PERFORMANCE
Charitable activities
During the year we welcomed 1,191 visitors to the site over seven open days and two open evenings, during which both engines were demonstrated. Volunteers also gave talks about the pumping station and land drainage to interested groups around the county. These outreach activities help to fulfil our charitable objectives and to raise additional income through fees and donations.

Fundraising activities
We continued our policy of requesting donations for entry to the site rather than setting an entrance charge, in order to encourage families with children. Sales of bric-a-brac, plants and produce donated by supporters provided a welcome source of income.

FINANCIAL REVIEW
Financial position
The closing balance sheet shows net assets of £68,833, represented by various unrestricted and restricted funds. Please refer to note 11 'Movement in Funds' for a breakdown of the movement in each fund and an explanation of why these funds are held.

Reserves policy
Reserves are needed to cover unanticipated expenditure, such as emergency repairs that could not be foreseen, and to cover any shortfall in net income due to e.g. a fall in donations received. The trustees consider an appropriate level of free reserves (i.e. unrestricted funds excluding any designated funds) to be at least £5,000.

The trustees are aware that the Fulton steam boiler (manufactured in 1985 and installed at Dogdyke in 2002) will need to be replaced at some point if Dogdyke is to continue demonstrating the engine in steam. This will require major expenditure in the next ten years or so, and the trustees have earmarked a notional £30,000 reserve to cover this contingency.

STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity's governing document is its memorandum and articles of association.

Charity constitution
The charity is a company limited by guarantee, with each member undertaking to contribute up to £5 to the charity's assets in the event of it being wound up.

Recruitment and appointment of new trustees
New trustees are appointed in accordance with the charity's articles of association, either by the existing trustees or by the members at a general meeting. No other person or external body is entitled to appoint trustees. The trustees may appoint a person who is willing to act to be a new trustee, either to fill a vacancy or as an additional trustee. All existing trustees are subject to re-election annually at the annual general meeting and are eligible for re-election.

DOGDYKE PUMPING STATION
PRESERVATION TRUST (REGISTERED NUMBER: 06904422)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 OCTOBER 2024


STRUCTURE, GOVERNANCE AND MANAGEMENT
Organisational structure
The Trust's governing body is its board of trustees, which is responsible for the Trust's long-term direction and overall policy. The trust also has a committee, which is responsible for day-to-day operation and implementation of objectives set by the trustees.

Induction and training of new trustees
New trustees are given an induction, during which they are briefed on their legal obligations under charity and company law, the Charity Commission guidance on public benefit and the recent financial performance of the charity. Trustees are also encouraged to attend training events appropriate to their role.

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
06904422 (England and Wales)

Registered Charity number
1179243

Registered office
Rollestone House
20-22 Bridge Street
Horncastle
Lincolnshire
LN9 5HZ

Trustees
A R Gardner
J L Mitchell
D R Start
T Williams
C M Wilson OBE
S J Betteridge
H D Hill
R D Sivill (appointed 16.3.2024)

Company Secretary
D R Start

Independent Examiner
Dexter & Sharpe
Chartered Certified Accountants
Rollestone House
20-22 Bridge Street
Horncastle
Lincolnshire
LN9 5HZ

Approved by order of the board of trustees on 15 March 2025 and signed on its behalf by:





D R Start - Trustee

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
DOGDYKE PUMPING STATION
PRESERVATION TRUST


Independent examiner's report to the trustees of Dogdyke Pumping Station Preservation Trust ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 October 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.

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:

1. 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
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
4. 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.








Mr T J Russell BA (Hons) FCCA

Dexter & Sharpe
Chartered Certified Accountants
Rollestone House
20-22 Bridge Street
Horncastle
Lincolnshire
LN9 5HZ

15 March 2025

DOGDYKE PUMPING STATION
PRESERVATION TRUST

STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 OCTOBER 2024

2024 2023
Unrestricted Restricted Total Total
funds funds funds funds
Notes £    £    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 9,695 - 9,695 10,973

Other trading activities 2 4,573 - 4,573 3,330
Investment income 3 1,462 366 1,828 1,146
Total 15,730 366 16,096 15,449

EXPENDITURE ON
Raising funds 178 - 178 133

Charitable activities
Preservation and demonstration of a steam-operated land drainage station
7,094

-

7,094

11,144
Total 7,272 - 7,272 11,277

NET INCOME 8,458 366 8,824 4,172


RECONCILIATION OF FUNDS
Total funds brought forward 49,396 10,613 60,009 55,837

TOTAL FUNDS CARRIED FORWARD 57,854 10,979 68,833 60,009

DOGDYKE PUMPING STATION
PRESERVATION TRUST (REGISTERED NUMBER: 06904422)

BALANCE SHEET
31 OCTOBER 2024

2024 2023
Unrestricted Restricted Total Total
funds funds funds funds
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 6 401 - 401 413
Heritage assets 7 1,150 - 1,150 1,150
1,551 - 1,551 1,563

CURRENT ASSETS
Stocks 8 728 - 728 48
Debtors 9 4,800 - 4,800 45
Cash at bank and in hand 51,045 10,979 62,024 58,593
56,573 10,979 67,552 58,686

CREDITORS
Amounts falling due within one year 10 (270 ) - (270 ) (240 )

NET CURRENT ASSETS 56,303 10,979 67,282 58,446

TOTAL ASSETS LESS CURRENT LIABILITIES 57,854 10,979 68,833 60,009

NET ASSETS 57,854 10,979 68,833 60,009
FUNDS 11
Unrestricted funds 57,854 49,396
Restricted funds 10,979 10,613
TOTAL FUNDS 68,833 60,009

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.


The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.


The trustees acknowledge their responsibilities for
(a)ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(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.


DOGDYKE PUMPING STATION
PRESERVATION TRUST (REGISTERED NUMBER: 06904422)

BALANCE SHEET - continued
31 OCTOBER 2024

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 15 March 2025 and were signed on its behalf by:





D R Start - Trustee

DOGDYKE PUMPING STATION
PRESERVATION TRUST

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024


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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.


Plant and machinery - Straight line over 5 years
Fixtures and fittings - Straight line over 5 years

Heritage assets
Heritage assets represent two paintings held by the charity: an oil on card portrait of Henry Fortescue, valued at £200, and a watercolour of the pumping station by William Bartol Thomas, valued at £950.

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.

2. OTHER TRADING ACTIVITIES
2024 2023
£    £   
Tearoom sales 2,635 1,730
Other income 1,938 1,600
4,573 3,330


DOGDYKE PUMPING STATION
PRESERVATION TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


3. INVESTMENT INCOME
2024 2023
£    £   
Deposit account interest 1,828 1,146

4. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

2024 2023
£    £   
Depreciation - owned assets 329 319
Other operating leases 51 51

5. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 October 2024 nor for the year ended 31 October 2023.


Trustees' expenses

There were no trustees' expenses paid for the year ended 31 October 2024 nor for the year ended 31 October 2023.


6. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 November 2023 2,823 459 3,282
Additions 140 177 317
At 31 October 2024 2,963 636 3,599
DEPRECIATION
At 1 November 2023 2,593 276 2,869
Charge for year 202 127 329
At 31 October 2024 2,795 403 3,198
NET BOOK VALUE
At 31 October 2024 168 233 401
At 31 October 2023 230 183 413


DOGDYKE PUMPING STATION
PRESERVATION TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


7. HERITAGE ASSETS
Total
£   
MARKET VALUE
At 1 November 2023 and 31 October 2024 1,150
NET BOOK VALUE
At 31 October 2024 1,150
At 31 October 2023 1,150

8. STOCKS
2024 2023
£    £   
Stocks 728 48

9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 4,800 45

10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Accrued expenses 270 240

11. MOVEMENT IN FUNDS
Net
At movement At
1.11.23 in funds 31.10.24
£    £    £   
Unrestricted funds
General fund 48,396 8,458 56,854
Winding-up fund 1,000 - 1,000
49,396 8,458 57,854
Restricted funds
John Porter Memorial Fund 10,613 366 10,979

TOTAL FUNDS 60,009 8,824 68,833

Net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 15,730 (7,272 ) 8,458

Restricted funds
John Porter Memorial Fund 366 - 366

TOTAL FUNDS 16,096 (7,272 ) 8,824


DOGDYKE PUMPING STATION
PRESERVATION TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


11. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Net
At movement At
1.11.22 in funds 31.10.23
£    £    £   
Unrestricted funds
General fund 44,479 3,917 48,396
Winding-up fund 1,000 - 1,000
45,479 3,917 49,396
Restricted funds
John Porter Memorial Fund 10,358 255 10,613

TOTAL FUNDS 55,837 4,172 60,009

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 15,194 (11,277 ) 3,917

Restricted funds
John Porter Memorial Fund 255 - 255

TOTAL FUNDS 15,449 (11,277 ) 4,172

A current year 12 months and prior year 12 months combined position is as follows:

Net
At movement At
1.11.22 in funds 31.10.24
£    £    £   
Unrestricted funds
General fund 44,479 12,375 56,854
Winding-up fund 1,000 - 1,000
45,479 12,375 57,854
Restricted funds
John Porter Memorial Fund 10,358 621 10,979

TOTAL FUNDS 55,837 12,996 68,833

DOGDYKE PUMPING STATION
PRESERVATION TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


11. 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:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 30,924 (18,549 ) 12,375

Restricted funds
John Porter Memorial Fund 621 - 621

TOTAL FUNDS 31,545 (18,549 ) 12,996

General Fund
The general fund represents 'free reserves', after allowing for all designated funds.
Winding-up Fund
This is a designated fund, created to separate out an estimate of the expenditure that would be needed to make the site safe etc. if the charity ever had to be wound up.
John Porter Memorial Fund
This is a restricted fund, to be used for repairs to buildings and engines, for expenses unforeseen or unbudgeted and for costs of staging such events as the trustees think fit.

12. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 October 2024.