| Page | |||
|---|---|---|---|
| Company | information | ||
| Report of | the trustees' | ||
| Report of | the auditor | ||
| Statement | of financial | activities | 10 |
| Balance sheet | |||
| Accounting | policies | 12 | |
| Notes to the accounts | 15 |
| the Memorandum and |
the Memorandum and |
Artic | les ofAssociatio | n, the board of |
directors | shall consist of: |
|---|---|---|---|---|---|---|
| Nominated members |
of: | Number ofnominees | ||||
| Fylde Council | ||||||
| Lytham StAnnes | Civic | Society | ||||
| Lytham Heritage |
Group | |||||
| BAE Systems | ||||||
| Friends of Lytham | Hall | |||||
| Co-opted members | ||||||
| Any said person | having | direct connections | with the primary | objects | ||
| of the company —co-opted | by the Board at | its discretion |
| Restricted | |||||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Fund | |||||
| Funds | Endowment | Lytham | |||||
| Note | General | Designated | Fund | Hall | 2022 | 2021 | |
| E | |||||||
| Incoming resources |
|||||||
| Donations | 3 | 5,0QQ | 5,000 | ||||
| Investments | 4 | 91,139 | 13,461 | 104,600 | 95,847 | ||
| Charitable activities |
29,859 | 29,860 | 23,655 | ||||
| Total incoming | 120,998 | 13,461 | 5,001 | 139,460 | 119,502 | ||
| resources | |||||||
| Resources | |||||||
| expended | |||||||
| Raising funds | 6 | 14,795 | 960 | 15,755 | 10,226 | ||
| Charitable activities |
7 | 40,180 | 5,138 | 45,318 | 43,583 | ||
| Total resources | 54,975 | 960 | 5,138 | 61,073 | 53,809 | ||
| expended | |||||||
| Net incoming/(outgoing) | |||||||
| resources before |
|||||||
| revaluations, investment |
|||||||
| disposals and transfers |
66,023 | 12,501 | (137) | 78,387 | 65,693 | ||
| Realised gains/(losses) | (476) | (476) | |||||
| Unrealised gains/(losses) |
(41,915) | (41,915) | 42,186 | ||||
| 10b | |||||||
| Net | 66,023 | (29,890) | (137) | 35,996 | 107,879 | ||
| income/(expenditure) | |||||||
| Transfers between funds |
15 | (180,099) | 180,000 | 99 | |||
| Net movement in |
(114,076) | 18Q,000 | (29,890) | (38) | 35,996 | 107,879 | |
| funds | |||||||
| Total funds brought | 1,107,305 | 210,000 | 816,132 | 960,189 | 3,093,626 | 2,985,747 | |
| forward | |||||||
| Total funds carried | 993,229 | 390,000 | 786,242 | 960,151 | 3,129,622 | 3,093,626 | |
| forward |
| Note | 2022 | 2021f | ||||||
|---|---|---|---|---|---|---|---|---|
| Fixed assets | ||||||||
| Tangible fixed assets |
10a | 1,743,940 | 1,741,727 | |||||
| Investments | 10b | 786,242 | 930,421 | |||||
| 2,530,182 | 2,672,148 | |||||||
| Current assets | ||||||||
| Debtors and | prepayments | 11 | 31,202 | 23,352 | ||||
| Loans | 12 | 75,000 | 75,000 | |||||
| Cash at bank | 590,973 | 416,763 | ||||||
| 697,175 | 515,115 | |||||||
| Creditors —Amounts | falling due | |||||||
| within one year | ||||||||
| Unexpended | grant | 13 | 75,000 | 75,000 | ||||
| Accruals and | other creditors | 14 | 22,735 | 18,637 | ||||
| 97,735 | 93,637 | |||||||
| Net current | assets | 599,440 | 421,478 | |||||
| Total assets | less liabilities | 3,129,622 | 3,093,626 | |||||
| Funds | ||||||||
| Unrestricted | ||||||||
| General | 477,843 | 591,919 | ||||||
| Revaluation | reserve | 515,386 | 515,386 | |||||
| 15 | 993,229 | 1,107,305 | ||||||
| Designated | reserves | 15 | 390,000 | 210,000 | ||||
| 1,383,229 | 1,317,305 | |||||||
| Restricted | ||||||||
| Endowment | Fund | 16 | 786,242 | 816,132 | ||||
| Lytham Hall |
16 | 960,151 | 960,189 | |||||
| 3,129,622 | 3,093,626 |
| ncome from do | nations | |||||
|---|---|---|---|---|---|---|
| Restricted | ||||||
| Unrestricted | Restricted | Funds | ||||
| Fund | Designated | Endowment | Lytham | |||
| General | Fund | Fund | Hall | 2022 | 2021 | |
| f. | ||||||
| Donations | 5,000 | 5,000 | ||||
| Total for 2021 |
| ncome from inv | estmenfs | |||||
|---|---|---|---|---|---|---|
| Restricted | ||||||
| Unrestricted | Restricted | Funds | ||||
| Fund | Designated | Endowment | Lytham | |||
| General | Fund E |
Fund | Hall | 2022f | 2021 E |
|
| Rents received | 84,887 | 84,887 | 82,910 | |||
| Bank interest | 6,252 | 2,839 | 9.091 | 2,152 | ||
| Dividends | 10,622 | 10,622 | 10,785 | |||
| Total for 2022 | 91,139 | 13,461 | 104,600 | 95,847 | ||
| Total for 2021 | 82,910 | 12,937 | 95,847 |
| ncome from cha | ritable activitie |
s | ||||
|---|---|---|---|---|---|---|
| Restricted | ||||||
| Unrestricted | Restricted | Funds | ||||
| Fund | Designated | Endowment | Lytham | |||
| Generalf | Fund | Fund | Hall F |
2022 E |
2021 | |
| Room hire | 12,310 | 12,310 | 6,190 | |||
| Recharged | ||||||
| Insurance | 2,111 | 2,111 | 2,402 | |||
| Service charges | 9,800 | 9,800 | 9,462 | |||
| Car park fees | 5,638 | 5,638 | 5,600 | |||
| Rental income | 1 | 1 | ||||
| Total for 2022 | 29,859 | 29,860 | 23,655 | |||
| Total for 2021 | 23,654 | 23,655 |
| Expenditure on |
raising funds | |||||
|---|---|---|---|---|---|---|
| Restricted | ||||||
| Unrestricted | Restricted | Funds | ||||
| Fund | Designated | Endowment | Lytham | |||
| General | Fund | Fund | Hall | 2022 | 2021 | |
| F | F | |||||
| Investment | ||||||
| management | ||||||
| costs | 14,795 | 960 | 15,755 | 10,226 | ||
| Total for 2022 | 14,795 | 960 | 15,755 | 10,226 | ||
| Total for 2021 | 9,166 | 1,060 | 10,226 |
| Analysis ofe | x | penditure on char |
itable activit |
ies | |||
|---|---|---|---|---|---|---|---|
| Assembly | Lytham | ||||||
| Rooms | Hallf | 2022 | 2021 | ||||
| Wages and Nationallnsurance | 5,400 | 5,400 | 5,400 | ||||
| Gardening | 2,391 | 2,391 | 3,409 | ||||
| Cleaning | 5,440 | 5,440 | 4,878 | ||||
| Repairs and renewals | 623 | 623 | 4,674 | ||||
| Telephone | 859 | 859 | 794 | ||||
| Heat, light and |
water | 6,479 | 6,479 | 5,447 | |||
| Insurance | 7,496 | 7,496 | 7,303 | ||||
| Audit fee | 2,770 | 2,770 | 2,500 | ||||
| Accountancy | 2,096 | 2,096 | 2,135 | ||||
| Bookkeeping | and administration | ||||||
| Professional | fees | 5,330 | 5,330 | 1,011 | |||
| Sundries | 288 | 100 | 388 | 198 | |||
| Depreciation: | |||||||
| Buildings | 5,038 | 5,038 | 5,038 | ||||
| Fixtures and | equipment | 1,008 | 1,008 | 323 | |||
| Improvements | to property | 473 | |||||
| 40,180 | 5,138 | 45,318 | 43,583 | ||||
| Restricted | |||||||
| Unrest- | Restricted | Funds | |||||
| ricted | |||||||
| Fund | Designated | Endowment | Lytham | ||||
| General | Fund | Fund | Hall | 2022 | 2021 | ||
| Management | of | ||||||
| Assembly | |||||||
| Rooms | 37,410 | 37,410 | 34,393 | ||||
| Lytham Hall |
5,138 | 5,138 | 6,690 | ||||
| Governance | |||||||
| costs (note 8) | 2,770 | 2,770 | 2,500 | ||||
| Total for 2022 | 40,180 | 5,138 | 45,318 | 43,583 | |||
| Total for 2021 | 36,893 | 6,690 | 43,583 |
| a) Tangible fixed assets | |||||
|---|---|---|---|---|---|
| Freehold | |||||
| Land and | Investment | Fixtures and | Improvement | ||
| buildings | properties | Equipment | to property | Totalf | |
| Cost or valuation | |||||
| At 1 January 2022 | 1,007,660 | 842,000 | 38,955 | 22,291 | 1,910,906 |
| Disposal | |||||
| Revaluations | |||||
| Additions | 8,259 | 8,259 | |||
| At 31 December 2022 | 1,007,660 | 842,000 | 47,214 | 22,291 | 1,919,165 |
| Depreciation | |||||
| At 1 January 2022 | 110,836 | 36,052 | 22,291 | 169,179 | |
| Depreciation on disposals |
|||||
| Charge for the year | 5,038 | 1,008 | 6,046 | ||
| At 31 December 2022 | 115,874 | 37,060 | 22,291 | 175,225 | |
| Net book value | |||||
| At 31 December 2022 | 891,786 | 842,000 | 10,154 | 1,743,940 | |
| At 31 December 2021 | 896,824 | 842,000 | 2,903 | 1,741,727 |
| 10 | (b) Investments | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| 2022 | 2021 | ||||||||
| Market value at 1 January | 2022 | 430.637 | 334,944 | ||||||
| Additions to investments |
at cost | 130,670 | 114,050 | ||||||
| Disposals at carrying value |
(44,958) | (60,543) | |||||||
| Net unrealised investment |
gains/(losses) | (42,391) | 42,186 | ||||||
| liarket value at 31 December 2022 | 473,958 | 430,637 | |||||||
| f45,434 investments were |
sold during | the | |||||||
| year (2021:254,920). | |||||||||
| 2022 | 2022 | 2021 | 2021 | ||||||
| Market | Market | ||||||||
| Investments comprise: |
value | Costf | value | Cost F |
|||||
| Unitised and common investment |
funds | 473,958 | 474,936 | 430,637 | 389,720 | ||||
| Cash and cash equivalents | 312,284 | 312,284 | 499,784 | 499,784 | |||||
| 786,242 | 787,220 | 930,421 | 889,504 | ||||||
| 11 | Debtors and prepayments | ||||||||
| 2022 | 2021 | ||||||||
| Rent receivable | 6,550 | 750 | |||||||
| Other debtors | 24,651 | 22,602 | |||||||
| 31,201 | 23,352 | ||||||||
| 12 | Concessionary loans receivable |
||||||||
| 2022 | 2021 | ||||||||
| Heritage Trust for the North | West | 75,000 | 75,000 |
| 2022 | 2021 | |||
|---|---|---|---|---|
| Fylde | Borough | Council | 75,000 | 75,000 |
| 2022 | 2021 | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Rent receivable | in | advance | 6,550 | 3,950 | ||||||||
| Accruals | 16,185 | 14,687 | ||||||||||
| 22,735 | 18,637 | |||||||||||
| Unrestricted | funds | |||||||||||
| Brought | Carried | |||||||||||
| forward at | forward at | |||||||||||
| 1 Jan | Gains and | 31 Dec | ||||||||||
| 2022 | Income | Expenditure | Transfers | 2022 | ||||||||
| E | K | |||||||||||
| General unrestricted funds |
1,107,305 | 120,998 | (54,975) | (5,099) | 1,168,229 | |||||||
| Designated | funds | |||||||||||
| Assembly Rooms |
10,000 | 5,000 | 15,000 | |||||||||
| Heritage Property |
200,000 | 200,000 | ||||||||||
| Total designated | funds | 210,000 | 5,000 | 215,000 | ||||||||
| Total funds | 1,317,305 | 120,998 | (54,975) | (99) | 1,383,229 | |||||||
| The general | fund | represents | the | free | funds of the trust which | are not designated | for a particular | purpose. | ||||
| 2022 | 2021 | |||||||||||
| Total funds | Total fundsf | |||||||||||
| Represented | by: | |||||||||||
| Tangible fixed assets at cost | less depreciation | 336,768 | 329,517 | |||||||||
| Revaluation | oftangible | fixed | assets | 515,386 | 515,386 | |||||||
| Net current | assets | less | current | liabilities | 531,075 | 472,402 | ||||||
| 1,383,229 | 1,317,305 |
| and historica | l interest in Lytham. |
||||
|---|---|---|---|---|---|
| 2022 | 2022 | 2022 | 2021 | ||
| Assembly | Heritage | ||||
| Rooms | Propertyf | Total | Total K |
||
| 1 January | 10,000 | 200,000 | 210,000 | 205,000 | |
| 31 December | 15,000 | 375,000 | 390,000 | 210,000 | |
| Represented | by | 2022 | 2021 | ||
| Net current | assets | 390,000 | 210,000 | ||
| 390,000 | 210,000 |
| stricted | funds | |||||
|---|---|---|---|---|---|---|
| Brought | Carried | |||||
| forward at | forward at | |||||
| 1Jan | Gains/ | 31 Dec | ||||
| 2022 | Income | Expenditure | (losses) | 2022 | ||
| F | ||||||
| Endowment | 816,132 | 13,461 | (960) | (42,391) | 786,242 | |
| Lytham | Hall | 960.189 | 5,001 | (5,138) | 99 | 960,151 |
| 1,776,321 | 18,462 | (6,098) | (42,292) | 1,746,393 |
| Endowment | Fund | ||
|---|---|---|---|
| Represented | by | 2022f | 2021 |
| Investments | 473,958 | 431,652 | |
| Net current assets/(liabilities) | |||
| Cash deposits | 312,284 | 384,480 | |
| 786,242 | 816,132 |
| Lytham | Hall Fund | |||
|---|---|---|---|---|
| Represented by |
2022 | 2021 | ||
| E | ||||
| Tangible | fixed assets | 891,786 | 896,824 | |
| Current | assets less current | liabilities | 68,365 | 63,365 |
| 960,151 | 960,189 |