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 2022
FOR
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 2022
| 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 2022
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 2022. 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 with due regard to the charity commission guidance on public benefit.
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is a charitable company, limited by guarantee, incorporated on 16 November 1994 and registered as a charity on 23 January 1995. The company was established under a Memorandum of Association which defined the objects and powers of the charitable company and is governed under its Articles of Association.
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 (resigned 28.4.22) 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 Mrs J A Plunkett (resigned 27.10.22) Mr A J B Fitzgerald (appointed 26.1.23) Mr J R H Steggles (appointed 27.10.22)
Company Secretary
Mrs M Fountain
Independent Examiner
Berry and Warren Ltd 10 Fairland Street Wymondham Norfolk NR18 0AW
Page 1
WYMONDHAM BRIDEWELL PRESERVATION TRUST
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30TH NOVEMBER 2022
REFERENCE AND ADMINISTRATIVE DETAILS
Bankers
The Co-Operative Bank 69 London Street Norwich Norfolk NR2 1HT
FINANCIAL REVIEW
The profit and loss account for the year is shown on page 4, the amount of reserves held at the year were £464,821 (2021 £443,990).
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
Page 2
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 2022.
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:
-
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 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
-
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
Berry and Warren Ltd 10 Fairland Street Wymondham Norfolk NR18 0AW
Date: .............................................
Page 3
WYMONDHAM BRIDEWELL PRESERVATION TRUST
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 30TH NOVEMBER 2022
| Notes INCOME AND ENDOWMENTS FROM Other trading activities 2 EXPENDITURE ON Other NET INCOME Transfers between funds 9 Net movement in funds RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
Unrestricted fund £ 25,868 9,224 16,644 (1,353) 15,291 443,990 459,281 |
Restricted funds £ 19,400 15,753 3,647 1,353 5,000 - 5,000 |
2022 Total funds £ 45,268 24,977 20,291 - 20,291 443,990 464,281 |
2021 Total funds £ 42,754 |
|---|---|---|---|---|
| 8,886 | ||||
| 33,868 - |
||||
| 33,868 410,122 |
||||
| 443,990 |
The notes form part of these financial statements
Page 4
WYMONDHAM BRIDEWELL PRESERVATION TRUST (REGISTERED NUMBER: 02990781)
BALANCE SHEET 30TH NOVEMBER 2022
| Notes FIXED ASSETS Investment property 5 CURRENT ASSETS Debtors 6 Cash at bank CREDITORS Amounts falling due within one year 7 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS 9 Unrestricted funds: Unrestricted Fund Restricted funds: Restricted Fabric Sinking Fund TOTAL FUNDS |
2022 £ 335,000 22,332 113,107 135,439 (6,158) 129,281 464,281 464,281 459,281 5,000 464,281 |
2021 £ 335,000 15,149 97,404 112,553 (3,563) 108,990 443,990 443,990 443,990 - 443,990 |
|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2022.
The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 2022 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.
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
Page 5
WYMONDHAM BRIDEWELL PRESERVATION TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH NOVEMBER 2022
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 unless otherwise stated in the relevant accounting policy.
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.
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
| OTHER TRADING ACTIVITIES | ||
|---|---|---|
| 2022 | 2021 | |
| £ | £ | |
| Rental & service charge income receivable | 45,268 | 42,754 |
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continued...
WYMONDHAM BRIDEWELL PRESERVATION TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30TH NOVEMBER 2022
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 30th November 2022 nor for the year ended 30th November 2021.
Trustees' expenses
£17 of trustees' expenses were paid in the year ended 30 November 2022 (£53 for the year ended 30 November 2021).
4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
5.
| INCOME AND ENDOWMENTS FROM Other trading activities EXPENDITURE ON Other NET INCOME Transfers between funds Net movement in funds RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD INVESTMENT PROPERTY FAIR VALUE At 1st December 2021 and 30th November 2022 NET BOOK VALUE At 30th November 2022 At 30th November 2021 |
Unrestricted fund £ 25,068 1,654 23,414 10,454 33,868 410,122 443,990 |
Restricted funds £ 17,686 7,232 10,454 (10,454) - - - |
Total funds £ 42,754 8,886 33,868 - 33,868 410,122 443,990 £ 335,000 335,000 335,000 |
Total funds £ 42,754 |
|---|---|---|---|---|
| 8,886 | ||||
| 33,868 - |
||||
| 33,868 410,122 |
||||
| 443,990 |
continued...
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WYMONDHAM BRIDEWELL PRESERVATION TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30TH NOVEMBER 2022
6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Trade debtors Prepayments 7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade creditors 8. ANALYSIS OF NET ASSETS BETWEEN FUNDS Unrestricted Restricted fund funds £ £ Investments 335,000 - Current assets 130,439 5,000 Current liabilities (6,158) - 459,281 5,000 9. MOVEMENT IN FUNDS Net At movement 1.12.21 in funds £ £ Unrestricted funds Unrestricted Fund 443,990 16,644 Restricted funds Restricted Fabric Sinking Fund - 3,647 TOTAL FUNDS 443,990 20,291 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds Unrestricted Fund 25,868 Restricted funds Restricted Fabric Sinking Fund 19,400 TOTAL FUNDS 45,268 |
2022 2021 £ £ 14,763 8,239 7,569 6,910 22,332 15,149 2022 2021 £ £ 6,158 3,563 2022 2021 Total Total funds funds £ £ 335,000 335,000 135,439 112,553 (6,158) (3,563) 464,281 443,990 Transfers between At funds 30.11.22 £ £ (1,353) 459,281 1,353 5,000 - 464,281 Resources Movement expended in funds £ £ (9,224) 16,644 (15,753) 3,647 (24,977) 20,291 |
|---|---|
continued...
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WYMONDHAM BRIDEWELL PRESERVATION TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30TH NOVEMBER 2022
9. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Net At movement 1.12.20 in funds £ £ Unrestricted funds Unrestricted Fund 410,122 23,414 Restricted funds Restricted Fabric Sinking Fund - 10,454 TOTAL FUNDS 410,122 33,868 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds Unrestricted Fund 25,068 Restricted funds Restricted Fabric Sinking Fund 17,686 TOTAL FUNDS 42,754 |
Transfers between At funds 30.11.21 £ £ 10,454 443,990 (10,454) - - 443,990 Resources Movement expended in funds £ £ (1,654) 23,414 (7,232) 10,454 (8,886) 33,868 |
At 30.11.21 £ 443,990 - |
At 30.11.21 £ 443,990 - |
|---|---|---|---|
| 443,990 | |||
| 33,868 |
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds Unrestricted Fund Restricted funds Restricted Fabric Sinking Fund TOTAL FUNDS |
At 1.12.20 £ 410,122 - 410,122 |
Net movement in funds £ 40,058 14,101 54,159 |
Transfers between funds £ 9,101 (9,101) - |
At 30.11.22 £ 459,281 5,000 |
|---|---|---|---|---|
| 464,281 |
continued...
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WYMONDHAM BRIDEWELL PRESERVATION TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30TH NOVEMBER 2022
9. 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:
| Unrestricted funds Unrestricted Fund Restricted funds Restricted Fabric Sinking Fund TOTAL FUNDS |
Incoming Resources Movement resources expended in funds £ £ £ 50,936 (10,878) 40,058 37,086 (22,985) 14,101 88,022 (33,863) 54,159 |
Incoming Resources Movement resources expended in funds £ £ £ 50,936 (10,878) 40,058 37,086 (22,985) 14,101 88,022 (33,863) 54,159 |
|---|---|---|
| 54,159 |
10. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 30th November 2022.
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WYMONDHAM BRIDEWELL PRESERVATION TRUST
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30TH NOVEMBER 2022
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Other trading activities | ||
| Rental & service charge income receivable | 45,268 | 42,754 |
| Total incoming resources | 45,268 | 42,754 |
| EXPENDITURE | ||
| Other | ||
| Direct costs | 15,753 | 7,232 |
| Support costs | ||
| Management | ||
| Secretarial & sundries | 8,364 | 509 |
| Governance costs | ||
| Accountancy, legal and professional fees | 860 | 1,145 |
| Total resources expended | 24,977 | 8,886 |
| Net income | 20,291 | 33,868 |
This page does not form part of the statutory financial statements
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