REGISTERED COMPANY NUMBER: 02990781 (England and Wales) REGISTERED CHARITY NUMBER: 1043569
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH NOVEMBER 2021
FOR
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FOR
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WYMONDHAM BRIDEWELL PRESERVATION TRUST
WYMONDHAM BRIDEWELL PRESERVATION TRUST
Berry and Warren Ltd 10 Fairland Street Wymondham Norfolk NR18 0AW
WYMONDHAM BRIDEWELL PRESERVATION TRUST
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH NOVEMBER 2021
Page Report of the Trustees 1 to 2 Independent Examiner's Report 3 Statement of Financial Activities 4 Balance Sheet 5 Notes to the Financial Statements 6 to 10 Detailed Statement of Financial Activities 11
WYMONDHAM BRIDEWELL PRESERVATION TRUST
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30TH NOVEMBER 2021
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 30th November 2021. 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).
OBJECTIVES AND ACTIVITIES Objectives and aims
The Charity's principal objective is that of preserving a building of historic and architectural interest.
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 02990781 (England and Wales)
Registered Charity number 1043569
Registered office
The Bridewell Norwich Road Wymondham Norfolk NR18 0NS
Trustees
Mr D N L Ralphs Mr R F Fowle Mr M J W Gamble Chairman Mrs A C Piper Richardson Mr N S Saunders Mr A J Broom Mrs J M Harris Mr A L Morgan (resigned 4.10.21) Mrs J A Plunkett (appointed 30.10.21)
Company Secretary
Mrs M Fountain
Independent Examiner
Berry and Warren Ltd 10 Fairland Street Wymondham Norfolk NR18 0AW
Bankers
The Co-Operative Bank 69 London Street Norwich Norfolk NR2 1HT
Page 1
WYMONDHAM BRIDEWELL PRESERVATION TRUST
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30TH NOVEMBER 2021
FINANCIAL REVIEW
The profit and loss account for the year is shown on page 4.
Both the level of operations and the year end financial position were satisfactory, and the trustees consider that they will be able to continue with the Trust's activities for the foreseeable future.
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
........................................................................ Mrs M Fountain - Secretary
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF WYMONDHAM BRIDEWELL PRESERVATION TRUST
Independent examiner's report to the trustees of Wymondham Bridewell Preservation Trust ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 30th November 2021.
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:
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with the accounting requirements of section 396 of the give a true and fair view which is not a matter considered prepared in accordance with the methods and principles
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for accounting and reporting by charities (applicable to charities across no other matters in connection with the examination
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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
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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
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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.
Trevor Chapman FCA Chartered Accountant Berry and Warren Ltd 10 Fairland Street Wymondham Norfolk NR18 0AW
Date: .............................................
Page 3
WYMONDHAM BRIDEWELL PRESERVATION TRUST
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30TH NOVEMBER 2021
| DR Notes INCOME AND ENDOWMENTS FROM Other trading activities 2 EXPENDITURE ON Other NET INCOME/(EXPENDITURE) Transfers between funds 8 Net movement in funds RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
AF Unrestricted fund £ 25,067 8,564 16,503 10,454 26,957 410,122 437,079 |
T Restricted funds £ 17,686 7,232 10,454 (10,454) - - - |
2021 Total funds £ 42,753 15,796 26,957 - 26,957 410,122 437,079 |
2020 Total funds £ 52,870 77,185 (24,315) - (24,315) 434,437 410,122 |
|---|---|---|---|---|
The notes form part of these financial statements
Page 4
WYMONDHAM BRIDEWELL PRESERVATION TRUST
BALANCE SHEET 30TH NOVEMBER 2021
| 2021 | 2020 |
|---|---|
| Unrestricted Restricted Total |
Total |
| fund funds funds |
funds |
| Notes £ £ £ |
£ |
| FIXED ASSETS | |
| Investment property 5 335,000 - 335,000 |
335,000 |
| CURRENT ASSETS | |
| Debtors 6 8,239 - 8,239 |
18,605 |
| Cash at bank 97,404 - 97,404 |
64,652 |
| 105,643 - 105,643 |
83,257 |
| CREDITORS | |
| DRAFT Amounts falling due within one year 7 (3,564) - (3,564) (8,135) NET CURRENT ASSETS 102,079 - 102,079 75,122 TOTAL ASSETS LESS CURRENT LIABILITIES 437,079 - 437,079 410,122 NET ASSETS 437,079 - 437,079 410,122 FUNDS 8 Unrestricted funds 437,079 410,122 TOTAL FUNDS 437,079 410,122 The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the yea ended 30th November 2021. The members have not required the company to obtain an audit of its financial statements for the year ende 30th November 2021 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 th Companies Act 2006 and b ifiilhih i dfii f hf ffif hhibl |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2021.
The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 2021 in accordance with Section 476 of the Companies Act 2006.
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(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
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(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.
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 ............................................. and were signed on its behalf by:
............................................. Mr M J W Gamble - Trustee
The notes form part of these financial statements
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WYMONDHAM BRIDEWELL PRESERVATION TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH NOVEMBER 2021
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.
as expenditure as soon as there is a legal or constructive it is probable that a transfer of economic benefits will be can be measured reliably. Expenditure is accounted for that aggregate all cost related to the category. Where they have been allocated to activities on a basis at most recent valuation. Any aggregate surplus or deficit for particular restricted purposes within the objects granting of long leases on parts of the property are the freehold interest and receives ground rents and service
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.
Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the Statement of Financial Activities.
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.
Lease premiums
Premiums received on the granting of long leases on parts of the property are deducted from the cost of the related asset. The trust retains the freehold interest and receives ground rents and service charges under the terms of the lease.
2. OTHER TRADING ACTIVITIES
| Lease premiums Premiums received on the granting of long leases on parts of related asset. The trust retains the freehold interest and receives of the lease. OTHER TRADING ACTIVITIES |
the property are deducted from ground rents and service charges |
the cost of under the te |
|---|---|---|
| 2021 | 2020 | |
| £ | £ | |
| Rental & service charge income receivable | 42,753 | 52,870 |
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continued...
WYMONDHAM BRIDEWELL PRESERVATION TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30TH NOVEMBER 2021
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 30th November 2021 nor for the year ended 30th November 2020.
Trustees' expenses
£53 of trustees' expenses were paid in the year ended 30 November 2021 (£48 for the year ended 30 November 2020).
| DRAFT 4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund £ INCOME AND ENDOWMENTS FROM Other trading activities 22,792 EXPENDITURE ON Other 8,858 NET INCOME/(EXPENDITURE) 13,934 RECONCILIATION OF FUNDS Total funds brought forward 396,188 TOTAL FUNDS CARRIED FORWARD 410,122 5. INVESTMENT PROPERTY FAIR VALUE At 1st December 2020 and 30th November 2021 NET BOOK VALUE At 30th November 2021 At 30th November 2020 |
Restricted funds £ 30,078 68,327 (38,249) 38,249 - |
Total funds £ 52,870 77,185 (24,315) 434,437 410,122 £ 335,000 335,000 335,000 |
|---|---|---|
The property was last valued by Lambert Livesley King Ltd Chartered Surveyors on 26 April 2019 and this value is reflected in the accounts.
continued...
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WYMONDHAM BRIDEWELL PRESERVATION TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30TH NOVEMBER 2021
| DRAFT 6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade debtors 7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade creditors 8. MOVEMENT IN FUNDS Net At movement 1.12.20 in funds £ £ Unrestricted funds Unrestricted Fund 410,122 16,503 Restricted funds Restricted Fabric Sinking Fund - 10,454 TOTAL FUNDS 410,122 26,957 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds Unrestricted Fund 25,067 Restricted funds Restricted Fabric Sinking Fund 17,686 TOTAL FUNDS 42,753 Comparatives for movement in funds At 1.12.19 £ Unrestricted funds Unrestricted Fund 396,188 Restricted funds Restricted Fabric Sinking Fund 38,249 TOTAL FUNDS 434,437 |
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continued...
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WYMONDHAM BRIDEWELL PRESERVATION TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30TH NOVEMBER 2021
8. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | ||
|---|---|---|---|---|
| resources | expended | in funds | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| Unrestricted Fund | 22,792 | (8,858) | 13,934 | |
| Restricted funds | ||||
| Restricted Fabric Sinking Fund | 30,078 | (68,327) | (38,249) | |
| DRAFT TOTAL FUNDS 52,870 (77,185) (24,315) A current year 12 months and prior year 12 months combined position is as follows: Net Transfers At movement between At 1.12.19 in funds funds 30.11.21 £ £ £ £ Unrestricted funds Unrestricted Fund 396,188 30,437 10,454 437,079 Restricted funds Restricted Fabric Sinking Fund 38,249 (27,795) (10,454) - TOTAL FUNDS 434,437 2,642 - 437,079 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 Unrestricted Fund 47,859 (17,422) 30,437 |
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| Restricted funds | ||||
| Restricted Fabric Sinking Fund | 47,764 | (75,559) | (27,795) | |
| TOTAL FUNDS | 95,623 | (92,981) | 2,642 |
continued...
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WYMONDHAM BRIDEWELL PRESERVATION TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30TH NOVEMBER 2021
9. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 30th November 2021.
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WYMONDHAM BRIDEWELL PRESERVATION TRUST
| DETAILED STATEMENT OF FINANCIAL ACTIVITIES | |||
|---|---|---|---|
| FOR THE YEAR ENDED 30TH NOVEMBER 2021 | |||
| 2021 | 2020 | ||
| £ | £ | ||
| INCOME AND ENDOWMENTS | |||
| Other trading activities | |||
| Rental & service charge income receivable | 42,753 | 52,870 | |
| Total incoming resources | 42,753 | 52,870 | |
| EXPENDITURE | |||
| Other | |||
| Direct costs | 7,232 | 68,327 | |
| DRAFT Support costs Management Secretarial & sundries 7,419 Trust's share of restricted fund costs - 7,419 Governance costs Accountancy, legal and professional fees 1,145 Total resources expended 15,796 Net income/(expenditure) 26,957 |
1,090 6,918 8,008 850 77,185 (24,315) |
This page does not form part of the statutory financial statements
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