: ## THE NORMAN LOCKYER OBSERVATORY SOCIETY DIRECTORS REPORT FOR THE YEAR ENDED 31 MARCH 2021 COMPANY NUMBER 3048646 ## PRINCIPAL ACTIVITY The Principal Activity of the Company is to promote, develop and encourage public education in, awareness and study of science, engineering and technology, science education and research and the recreational study of science, especially sciences related to Astronomy and all forms of communication. ## DIRECTORS The Directors who served during the year were as follows: Mr. D. Strange Mr W.O. Hitchings Miss K.M. Dollery Mr. A.J. Green Mr. S. Boyce Mr P. Youd Mr K. Bailey Mr D. Alexander Mr D.P. Howlett Mr H.W. Taylor Mrs S.D. Moreton Mrs V.J. Brown : The Company is Limited by Guarantee and there are no Shareholders. The Company is a Registered Charity No. 1048807. In preparing the above Report, the Directors have taken advantage of special exemptions applicable to small companies. Mr W.O. Hitchings Director ; 13 May 2021 Page 1 ## CHARTERED ACCOUNTANT’S REPORT TO THE BOARD OF DIRECTORS ON THE UNAUDITED FINANCIAL STATEMENTS OF THE NORMAN LOCKYER OBSERVATORY SOCIETY COMPANY NO: 3048646 ln accordance with the engagement letter, and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company which comprise the Profit and Loss Account, the Balance Sheet, and the related notes from the accounting records and information and explanations you have given to us. This report is made to the Company's Board of Directors, as a body, in accordance with the terms of our engagement. Our work has been undertaken so that we might compile the financial statements that we have been engaged to compile, report to the Company's Board of Directors that we have done so, and state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's Board of Directors, as a body, for our work or for this report. | We have carried out this engagement in accordance with technical guidance issued by the Institute of Chartered Accountants in England and Wales and have complied with the ethical guidance laid down by the Institute relating to members undertaking the compilation of financial statements. You have acknowledged on the balance sheet as at 31 March 2021 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year. We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements. Easterbrook Eaton Limited Chartered Accountants Old Fore Street Sidmouth Devon EX10 8LS 13 May 2021 **----- Start of picture text -----**
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Page 2 THE NORMAN LOCKYER OBSERVATORY SOCIETY ## INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2021 ## Year Ended 31.3.20 |Year Ended|31.3.20||Year Ended|31.3.21|| |---|---|---|---|---|---| |||income|||| |5,771||Members’ Subscriptions|5,066||| |4,836||Donations|438||| |1,076||Gift Aid|968||| |47|11,730|Sales:
Books and Badges|-|6,472|| ||14,822|Entrance Fees|||-| ||937|Course Fees Net ofExpenses||605|| |||Miscellaneous:|||| |-||E.D.D.C - Covid Grants|20,097||| |513||Net Proceeds from Astronomy Fair|(14)||| |580||Hire of Room etc.|-||| |90|1,183|Bank Interest Received|13|20,096|| ||28,672|||27,173|| |||Expenditure|||| |4,589||Commission Payable to E.D.D.C.|-||| |803||Rent|791||| |1,218||Insurance|1,335||| |2,169||Lightand Heat|1,786||| |150||Water Rates|118||| |1,464||Telephone|974||| |270||Alarm Sysiem Maintenance|1,150||| |500||Advertising|-||| |838||Postage, Stationery and Secretarial|407||| |456||Repairs and Renewals|294||| |186||Subscriptions|596||| |540||Accountants Fees|552||| |675||Members Travelling Expenses|135||| |70||Speaker Expenses|-||| |1,304||Sundries|65||| |27||Bank Charges|2||| |570||Loan Interest|125||| |13,988|26,817|Amortisation|14,043|22,371|| ||1,855|Surplus for the Year||4,802|| |||Exceptional Item|||| ||3,270|Equipment Purchased and Written-Off in Period||4,183|| ||(£1,415)|Surplus/(Deficit)fortheYearTransferredtoReserves||£619|| Page 3 : | . ## THE NORMAN LOCKYER OBSERVATORY SOCIETY BALANCE SHEET AS AT 31 MARCH 2021 **----- Start of picture text -----**
As At 31.3.20 As At 31.3.21
FIXED ASSETS
223,804 Improvements to Leasehoid Property 209,761
1 Equipment 1
223,805 209,762
CURRENT ASSETS
991 Stock - Books ete 991
951 Prepayments 951
67,463 Cash at Bank 80,253
97 Cash in Hand 97
69,502 82,292
CREDITORS: Amounts Falling Due Within One Year
2,759 Other Creditors 887
66,743 NET CURRENT ASSETS 81,405
290,548 TOTAL ASSETS LESS CURRENT LIABILITIES 291,167
5,000 LONG TERM LIABILITY - EDDC Loan 5,000
£285,548 £286,167
RESERVES
286,963 Balance As At 1 Aprit 2019 285,548
(1,415) Surplus/(Deficit) on Income and Expenditure Account for the Year 619
£285,548 £286,167
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For the Financial Year ending 31 March 2021, the Company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. ## Directors’ responsibilities:- - The members have not required the Company to obtain an audit of its Accounts for the year in question in accordance with Section 476 and - The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of Accounts. These Financial Statements have been prepared in accordance with the special provisions relating to companies subject to the Smail Companies Regime within Part 15 of the Companies Act 2006. ## These Accounts were approved by the Directors on 13 May 2021. Mr D. Alexander Director Mr W. Hitchings Director The Notes on page 5 form part of these Accounts THE NORMAN LOCKYER OBSERVATORY SOCIETY ## NOTES TO AND FORMING PART OF THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2021 1. ACCOUNTING POLICIES a. Accounting Convention The Accounts have been prepared under the Historical Cost Convention. ## b, Depreciation and Amortisation Equipment - It is the Company's policy to write off the cost of the equipment in the year of purchase. Leasehold Improvements - Amortisation is provided on the leasehold property improvements. The leasehold property improvements are written off equally over the 30 year lease of the property. - c. Taxation The Company is a Registered Charity and therefore exempt from Corporation Tax. ## 2. TANGIBLE FIXED ASSETS |TANGIBLE FIXED ASSETS|| |---|---| ||Leasehold Property| ||Improvements| |Cost at 1 April 2020|308,311| |Additions at Cost in Year|-| |Cost at 31 March 2021|308,311| |Amortisation at 1 April 2020|84,507| |Amortisation for the Year|14,043| |Amortisation at 31 March 2021|98,550| |Net Book Value|| |31.3.21|209,761| |31.3.20|223,804| 3. SHARE CAPITAL The Company is Limited by Guarantee and there is no Share Capital. Page 5