THE NORMAN LOCKYER OBSERVATORY SOCIETY DIRECTORS REPORT FOR THE YEAR ENDED 31 MARCH 2025
,
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 P. Youd Mr K. Bailey (Resigned 1.7.24) Dr D.P. Howlett Mrs V.J.Brown Mr J.C.Legg Mr P.Smith (Resigned 21.4.24) Mr D Jones Mr A Rowe Mrs K Williams (Appointed 8.11.24) Mrs H Naylor (Appointed 8.11.24) (Resigned 12.3.25)
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
18 August 2025
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CHARTERED ACCOUNTANT’S REPORT TO THE BOARD OF DIRECTORS ON THE UNAUDITED FINANCIAL STATEMENTS OF THE NORMAN LOCKYER OBSERVATORY SOCIETY
COMPANY NO: 3048646
In 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 2025 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
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aN ICAEW
CHARTERED
& ACCOUNTANTS
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18 August 2025
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THE NORMAN LOCKYER OBSERVATORY SOCIETY
INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025
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|||||||||
|---|---|---|---|---|---|---|---|
|Year|Ended|31.3.24|Year|Ended|31.3.25|
|Income|
|5,935|Members’|Subscriptions|8,815|
|2,660|Donations|858|
|916|Gift|Aid|1,154|
|1,003|10,514|Sales:|Books|and|Badges|165|10,992|
|14,325|Entrance|Fees|17,715|
|890|Course|Fees|Net|of|Expenses|1,790|
|Miscellaneous:|
|399|D.C.C|-|Bleed|Control|Equipment|Grant|-|
|-|Raffle|Proceeds|110|
|390|Net|Proceeds|from|Astronomy|Fair|2,792|
|490|Hire|of Room|etc.|160|
|1,047|2,326|Bank|Interest|Received|1,099|4,161|
|28,055|34,658|
|Expenditure|
|1,432|Commission|Payable|to|E.D.D.C.|1,772|
|791|Rent|916|
|1,477|Insurance|1,473|
|4,146|Light|and|Heat|2,813|
|225|Water|Rates|503|
|1,433|Telephone|618|
|947|Alarm|System|Maintenance|516|
|-|Advertising|11|
|886|Postage,|Stationery|and|Secretarial|1,076|
|964|Repairs|and|Renewals|20,811|
|555|Subscriptions|352|
|720|Accountants|Fees|708|
|99|Members|Travelling|Expenses|150|
|568|Speakers|Expenses|232|
|2,769|Sundries|2,515|
|121|Bank|Charges|227|
|386|Loan|Interest|252|
|14,033|31,552|Amortisation|14,301|49,246|
|(3,497)|Surplus|for|the Year|(14,588)|
|Exceptional|Item|
|9,928|Equipment|Purchased|and|Written-Off|in|Year|5,198|
|(£13,425)|Surplus/(Deficit)|for the|Year Transferred|to|Reserves|(£19,786)|
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THE NORMAN LOCKYER OBSERVATORY SOCIETY
BALANCE SHEET AS AT 31 MARCH 2025
As At 31.3.24
As At 31.3.25
| FIXED ASSETS | |||||
|---|---|---|---|---|---|
| 168,402 | Improvements to Leasehold Property | 157,310 | |||
| 1 | Equipment | 4 | |||
| 168,403 | 157,311 | ||||
| - | CURRENT ASSETS | ||||
| 1,904 | Stock - Books etc | 1,773 | |||
| 1,046 | Prepayments | 1,242 | |||
| 109,845 | Cash at Bank | 101,555 | |||
| 147 | Cash in Hand | 147 | |||
| 112,942 | 104,717 | ||||
| CREDITORS: Amounts Falling Due Within One Year | |||||
| 2,519 | Other Creditors | 2,988 | |||
| 110,423 | NET CURRENT ASSETS | 101,729 | |||
| 278,826 | TOTALASSETS LESS CURRENT LIABILITIES | 259,040 | |||
| 5,000 | LONG TERM LIABILITY - EDDC Loan | 5,000 | |||
| £273,826 | £254,040 | ||||
| RESERVES | |||||
| 168,403 | Property Reserve | 157,314 | |||
| 105,423 | Retained Earnings | 96,729 | |||
| £273,826 | £254,040 |
For the Financial Year ending 31 March 2025, 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
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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 Small Companies Regime within Part 15 of the Companies Act 2006.
These Accounts were approved by the Directors on
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Mr D. Strange
Director
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\ oT Serremeer 222.5,9 &
Mr W. Hitchings —
Director
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The Notes on page 5 form part of these Accounts
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NEE
THE NORMAN LOCKYER OBSERVATORY SOCIETY
NOTES TO AND FORMING PART OF THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025
- 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 Apri! 2024 | 308,953 |
| Additions at Cost in Year | 3,209 |
| Cost at 31 March 2025 | 312,162 |
| Amortisation at 1 April 2024 | 140,551 |
| Amortisation forthe Year | 14,301 |
| Amortisation at 31 March 2025 | 154,852 |
| Net Book Value | |
| 31.3.25 | 157,310 |
| 31.3.24 | 168,402 |
- SHARE CAPITAL ;
The Company is Limited by Guarantee and there is no Share Capital.
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