THE NORMAN LOCKYER OBSERVATORY SOCIETY DIRECTORS REPORT FOR THE YEAR ENDED 31 MARCH 2024 COMPANY NUMBER 3048646 PRINCIPAL ACTMTY 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 fonns of communication. DIRECTORS The Directors who seNed during the year were as follow8: Mr. D. Strange Mr W.0. Hitchings Miss K.M. Dollery Mr. A.J. Green (Re8lgned 7.11.23) Mr. S. Boyce (Resigned 5.6.23) Mr P. Youd Mr K. Bailey (Resigned 1.7.24) Dr D.P. Howlett Mrs S.D.Moreton (Resigned 2.11.23) Mrs V.J.Brown Mr J.C.Legg Mr P,Smith (Resigned 21.4.24) Mr D Jones (Appointed 4.9.23) Mr A Rowe (Appointed 10.11.23) The Company is Limited by Guarantee and there are no Shareholders. The Company is a Registered Charity No. 1048807. In preparing the abov8 Report, the Directors have taken advantage of special exemptions applicab18 to small companies. Mr W.0. Hitchings Director 4 September 2024 Page 1
CHARTERED ACCOUNTANT'S REPORTTO THE BOARD OF DIRECTORS ON THE UNAUDITED FINANCIAL STATEMENTS OF THE NORMAN LOCKYER OBSERVATORY SOCIETY MPANY NO: 3048646 In accordance with the engagement letter, and in order to assist you to fulfil your duties under the Companies AGt 2006, we have compiled the financial statements of the company which comprlse 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 accordan with the temis of our engagement. Our work has been undertaken so that we might compile the financlal statements that we hav8 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 pemiitted by law, we do not accept or assum8 responsibility to anyone other than the Company and the Company's Board of Dir8ctors, as a body, for our work or for this report. We have carri8d 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 th8 balance sheet as at 31 March 2024 your duty to ensure that the company has kept proper accountlng records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is 8X8mpt from the statutory requirement for an audit for tha year. We have not been instructed to cary out an audit of the financial statements. For this reason, wa 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 ICAEW CHARTERED ACCOUNTANTS EX10 8LS 4 September 2024 Page 2
NORMAN OCICfER BSERVAT RY SOCIETY INC ME AND EXPENDI URE ACCO T FOR THE YEAR ENDED 31 MARCH 2024 Year Ended 31.3.23 Year Ended 31.3.24 Income Members, Subscriptions Donations Glft Ald Sales: Book8 and Badges Entrance Fees Course Fees Net of Expenses Mlscellaneous.. D.C.C- Bleed Conlrol Equlpment Grant E.D.D.C- Defibrillator Grant Net Proce8ds from Astronomy Falr Hlre of Room etc. Bank Interest Recelved 6,075 8,751 724 579 5.935 2,660 918 1,003 18,129 17,980 1,325 10,514 14,325 890 399 1,249 390 490 1,047 490 219 1,958 2.326 37,392 28.055 endlture Commission Payable to E.D.D.C. Rent Insurance Light and Heat Water Rates Telephone Alarm System Maintenance Postag8, Slationery and Secretarial Repalrs and Renewals Subscriptions Accountants Fees Members Travelling Expenses Speakers Expenses Sundries Bank Chargas Loan Interest AmortlS81ion 1.798 791 1,407 2,035 78 1,059 672 1.615 1,898 720 600 193 360 1.896 136 125 13,984 1,432 791 1.477 4,146 225 1,433 947 886 964 555 720 99 568 2,769 121 386 14,033 29,367 31,552 8,025 Sur lus for Ihe Y r Exce tional Item Equipment Purchased and Written-off In Year lusl Deficit f rthey (3,497) 9,928 {£1,903) 13,012 Su ar (£16,509) Page 3
THE NORMAN LOCKYER OBSERVATORY SOCIETY BALANCE SHEET AS AT 31 MARCH 2024 At 31.3.23 As At 31.3.24 FIXED ASSErs Improvements to Leasehold Property Equipment 181,793 168,402 181,794 168,403 RRENT A 1,507 1.148 113,617 147 116,419 Stock- Books etc Pr8paym8nts Cash at Bank Cash In Hand 1,904 1,046 109.845 147 112.942 CREDITORS: Amoun Other Credltor8 ua Within One Year 2,878 2,519 113,541 NET CURRENT A ET 110,423 295,335 TOTAL ASSETS LE IABILITIES 278,826 5,000 £290,335 LONG TERM LIABILITY- EDDC Loan 5,000 £273,826 292,238 {1,903) £290.335 Balance As At 1 Aprfl 2023 Surplusl(Deflclt) on Income and Expgnditure Account for the Year 290,335 (16,509) £273,826 For the Flnanclal Year ending 31 March 2024, the Company w8$ enlitled to exemption from eudlt under Sectlon 477 of tho Companies Act 2006 relating to small companles. Director8, re8ponslbilities:_ * The members have not required the Company to obtain an audit of Its Accounts for the year in question in accordance wrth Section 476 and * The Diréctors acknowledge their re8ponslbllltles for complylng with tha réquirements of the Act wth re8pect to accounting records and the preparatlon of Accounts. These Financial Statemenls have begn propared In accordanc8 Wlth the special provisions relating to companles subJeet to the Small Companles Reglme wlthln Part 15 of the Companies Act 2006. These Accounts were approved by the Directors on Mr D. Strang Director Mr W. Httchings Director The Notes on page 5 form part of these Accounts Page 4
THE NORMAN LOCKYER OBSERVATORY SOCIETY NOTES TO AND FORMING PART OF THE ACCOUNTS FOR THEYEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES Accounting Convention The Accounts hav8 been prepared under the Historical Cost Convention. Depreclation and Amortisation Equipment - It is the Company's policy to wrtle off the cost of the equipment in the year of purchas&. Leasehold Improvements Amortisatlon Is provided on the leasehold propety improvements. The leasehold property improvements are written off equally over the 30 year lease of the propety. Taxation The Company is a Registered Charity and therefore exempt from Corporation Tax. TANGIBLE FIXED SSETS Leasehold Pro rovements Cost at 1 April 2023 Additions at Cost in Year 308,311 642 Cost at 31 March 2024 308,953 Amortisation at 1 April 2023 Amortisation for the Year Amortisation at 31 March 2023 126,518 140,551 Net Book Value 31.3.24 168,402 31.3.23 181.793 SHARE CAPITAL The Company is Limited by Guarantee and there is no Share Capital. Page 5