Morts A5tley Herits8e Trust Charity No. 1056209 Trustees. Report and Unaudited Accounts 30June2022
Morts Astley Heritage Trust Contents Pages 3to4 Trustees, Annual Report Independent Examiner's Report Statement of Financial Artivities 5t07 Balance Sheet Statement of Cash flows 18 Notes to the Accounts IOto17 Detailed Statement of Financial Activities 19to20 Page I
Morts A5tley Heritage Trust Trustees Annual Report Morts Astley Heritage Trust The trustees present their report with the unaudited financial statements of the charity for the year ended 30 June 2022. REFERENCE AND ADMINISTRATIVE DETAILS Charity No. 1056209 Trustees The following trustees served during the year.. J.M. Hatton M. Hughes E. Hurst K.G. Hurst B.M. Wilsori Accountants Bridgeman Accountants 23 Bridgeman Terrace Wigan WNI ISX oBJEIVEs ANO ACTIVITIES The purpose of the charity as set out in its governTng document to preserve for the public benefit historical architectural and construttionaS heritage in the form of buildings of particular beauty or historical, architectural or ton5tructional interest. The main activitie5 undertaken in relation to those purposes provide buildings. facilities & open spaces to the general public. Statement of trustees, responsibilities in relation to the financial statements The charity trustees are responsible for preparing a trustees. annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The trustee5 are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial 5t3tements comply with the Charities Act 2011. the applicable Charities (Accounts and Reportsl Regulations. and the provisions of the Trust deed. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detertion of fraud and other irregularitie5. Signed on behalf of the charity's tru5tee5 J.M. H3tton Trustee Pa8e 2
Morts Astley Herttage Trust Trustees Annual Report 06 January 2023 Page 3
Morts Astley Heritage Trust Independent Examiners Report Independent Examiner's Report to the trustees of Morts Astley Heritage Trust I report to the trustees on my examination of the financial Statements of Mort5 Astley Heritage Trust for the year ended 30 June 2022 which comprise the Statement of Financial Activities, the Balance Sheet, the Statement of Cash Flows and the related notes. Responsibilities and basis of report As the charity's trustees you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 20111.the Act'l. The trLTrStees consider that an audit is not required for this year under the Charities Act 2011. s.144121 (the 2011 Act) and that an independent examination is needed. I report in respect of my examination of the charity's financial statements carried OLtt under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Direttions given by the Charity Commission under section 145lSllbl of the Act. Independent examlnees statement I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in. any material respert= the accounting records were not kept in respert of the charity as required by section 130 of the Act; or the financia5 statements do not accord with those records- or the financial statements do not comply with the applicable requirements concerning the form and content of the financial statements set out .n Iity Charities (Accounts and Reports) Regulations 2008 other than any requirement that the financial statements give a 'true and fair, view which is not a matter considered as part of an independent examination. 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 iJrtder5t3nding o the rtnancial statements to be reached. 8ridgeman Accountants 23 Bridgeman Terrace Wigan B.-""dgeman Accountants Ltd 23 8ridg¢m2n Terrace Wigan rfIN1 SX Tel". G.1942 246144 WNI ISX 06January 2023 Pa8e 4
Morts Artley Heritage Trurt Statement of Financial Activities for the year ended 30 June 2022 UnrÈ5trirted funds Restrlcted funds Total funds Totsl funds 2022 2022 2021 2022 Notes Income and endowments from: Donations and legacies Charitable activities Other trading activities Other 5.180 9,020 135,652 6,(KJO 5.180 9,020 135,652 6,000 1,603 138,197 32,703 Total 155,852 155,852 172,503 Expenditure on: Other 178,191 18.908 197.099 173,773 Total 178.191 18,908 197,099 173.773 Net gains on investments Net expenditure Transfers between funds 122.3391 118,9081 141,247} 11.2701 Net expenditure before other 83inslllossesl {22.3391 118.9081 141,247) 11,2701 Other gains and105ses Net movement in funds 122.3391 118,9081 141,2471 11,2701 Reconclllatlon of funds: Total funds brought forward 74.472 1.673.661 1.748.133 1.749.4103 Total fund5 carried forward 52.133 1,654,753 1,706,886 1,748,133 Page 5
Morts Astley Heritsge Trust Balance Sheet at 30 June 2022 Charity No. 1056209 2022 2021 Flxed assets Tan@ible assets 10 1,672,713 1.672,713 1,689,222 1,689,222 Current assets Debtors li 60.572 36,857 97,429 163,2561 34,173 54.674 50.548 105.222 146,3111 58,911 Cash at bank and in hand Creditors: Amount falling due within one year Net current assets 12 Total assets less current liabilities 1,706.886 1,748,133 Net assets excluding pension asset or liability Total net assets 1,706,886 1,748.133 1,706.886 1.748,133 The funds of the charity Restricted funds Restricted income funds 13 1.654.753 1,654.753 1.673,661 1,673,661 Unrestrlcted funds 13 General funds Designated funds 118,3701 70.503 3,969 70.503 52,133 74,472 Reserves 13 Total funds 1,706,886 1,748,133 Approved by the trustees on 06 January 2023 And signed on their behalf by.. M. Hughes Trustee 06 january 2023 Page 6
Morts Astley Heritage Trust Notes to the Accounts for the year ended 30 June 2022 l Accountin¥ pollcies Basi5 of preparation The financial statements have been prepared in accordance with Statement of Recommended Practice.. Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic if Ireland IFRS 1021 i55tJed on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS 1021 and the Charities Act 2011. change in basis of accounting or to previou5 accounts There has been no change to the accounting policies Ivaluation rules and method of accountingl since last year and no Changes have been made to accounts for previous years. Fund accountlng Unrestrirted funds These are available for Ltse at the discretion of the trustees in furtherance of the gener31 objects of the charity. These are unrestricted funds earmarked by the trustees for particular purposes. These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values. These are available for use subjett to restrictions 5mposed by the donor or through terms of an appeal. Designated funds Revaluation funds Restricted fund5 Incame Recognition of income Income is included in the Statement of Financial Activities ISOFAI when the charity becomes entitled to, and virtually certain to receive. the income and the amount of the income can be measured with sufficient reliability- Income with related Where income has related expenditure the income and related expenditure 15 expenditure reportetl gross in the SOFA. Donations and Voluntary income received by way of grants. donations and gifts is included in the the SOFA when receivable and only when the Charity has unconditional entitlement to the income. Tax reclaims on Income from tax reclaims is included in the SOFA at the same time as the donations and gifts giftldonation to which it relates. Donated setvices These are only included kn income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material. Volunteer help The value of any volunteer help received is not included in the actounts. Investrnent income This is included in the accounts when receivable. Gainslllossesl on This includes any gain or loss ressjlting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gainsll1055esl on investment assets legacies This includes any Bain or loss on the sale of investments. Page 7
Morts Astley Heritage Trust Notes to the Accounts Expenditure Recognition of expenditLtre Expenditure is recognised on an accruals basis. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates. Expenditure on These comprise the costs associated with attracting voluntary income. fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its artivitie5 and charitable activities service5 in the furtherance of its objects, inclvding the making of grants and governance costs. All grant expenditure is accounted for on an actual paid basis plus an accrual for rants that have been approved by the trustees at the end of the year but not yet paid. These include those costs associated with meeting thè constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity. together with a share of othèr administration costs. These are support cost5 not allocated to a particular activity- Grants payable Governance costs Other expenditure Taxation The charity is exempt from tax on its charitable activities. Tangible fixed assets and depreciation Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life: Freehold property Fixtures & fittings 1% straight line 20% straight line Freehold Investment property Investment properties are measured initially at Cost and subsequently at fair value at each balance Sheet date and afe not depreciated. All gains or losses are taken to the Statement of Financial Activities as they arise. stocks Stock is inclyded at the lower of cost or net reali5able value. L)onated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market. Trade and other debtor5 Trade and other debtors are recoEnised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Cash and cash equivalents Cash and cash equivalents comprise cash at bank and on hand. demand deposits with banks and other short-term hlghly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position. bank overdrafts are shown within borrowing5 or current li3bilities. In the Statement of Cash Flows. cash and cash equ*valents arè shown nèt of bank overdrafts that are repayable on demand and form an integral part of the company's cash management. Page 8
Morts Astley Heritage Trust Notes to the Actounts Trade and other creditors Short term creditors arè mèasured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of fund5 to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due. Research and development Expenditure on research and development is written off in the year in which it is incurred. Foreign currencie5 Monetary assets and liabilities denominated in currencies other than the funrtional currency of the charity are translated at the rates of exchange prevailing at the end of the reporting period. Transactions in currencies other than the funttional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred. All exchange differences are a taken into account in arriving at net incomelexpenditure. Leased assets Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset. the lease is treatèd as a finance lease. Leases which do not transfer SLFbstantially all the risks and rewards of ownership to charity are classified as operating leases. Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower. at the present valsje of the minimum lease payments. The correspondinE liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduttion of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unle55 they are directly attributable to qualifying assets, in which case they are cap¢talised in accordance with the charity's policy on borrowing costs. Assets held under finance leases are depreciated in the same way as owned assets. Operating lease payments are reco8nised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases. such incentives are recognised as a liability- The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis. Pension costs The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the charity pays fixed contributions into a separate entity. Once the contributions have been paid the charity has no further payments obligations. The contributions are recogni5ed as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The asset5 of the plan are held separately from the charity in independently administered funds. Receipt of donated goods, facilities and ser¥ices All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity. Page 9
Morts Astley Heritage Trust Notes to the Accounts 2 Statement of Flnancial Artivities- prior year Unre51ricted funds Restricted funds Total funds 2021 2021 2021 Income and endowments from: Donation5 and legacies Other trading activit1è5 Other 1.603 138,197 32,703 1,603 138,197 32.703 Total 172,503 172.S03 Expenditure on: Other 154.911 18,862 173,773 Total 154.911 18.862 173,773 Net income 17,592 118,8621 11,2701 Net income before other galns/llosse51 Other gain5 and1055es'. Net movement in funds 17,592 118.8621 11.2701 17.592 118,8621 11,2701 Reconciliation of funds- Total funds brought forward Total fund5 carried forward 56,880 1,692,523 1,749,403 74,472 1,673,661 1,748,133 3 Income from donations and legacies Unrestrirted Total Total 2022 2021 donation5 received - general revenue 5,180 5,180 1,603 5.180 5.180 1.603 4 Income from charitable arti¥ities Unrestricted Total 2022 Totsl 2021 Fundraising events & tours 9,020 9,020 9.020 9.020 5 Income from other trading artivities Unrestricted Total Total 2022 2021 rent & services income 135,652 135.652 135,652 135,652 138,197 138.197 Page 10
Marts Astley Hèritage Trust Notes to the Accounts 6 Other tncome Unrestrirted Totsl Total 2022 2021 governemnt grants 32,703 32,703 6,OC(I 7 Other expenditure Unrestricted Restrirted Total Total 2022 2021 Woodland development marketir*g & direct letting costs 7,092 7,092 13,451 1.382 1.382 75 fundraising direct costs Employee costs Premise5 costs 1.880 1,880 49.077 58,825 49.077 58,825 43.339 41,602 Amortisation, depreciation. impairment. profit/loss on disposal of fixed assets General administrative costs Legal and professional costs 5.169 18,908 24,077 23,432 50.344 4,422 178.191 50,344 4,422 47.002 4,872 173,773 18.908 197,099 8 Net expendlture before transfers 2022 2021 This is stated after charging.. Depreciation of owned fixed assets 9 Staff costs 24.077 23,432 2022 2021 Salaries and wages 49,077 43,339 43,339 No employee received emoluments in excess of £60.OCK). Page 11
Morts Astley Heritage Trust Notes to the Accounts 10 Tangible fixed assets Land and buildings Fixture5 & fittings Total Cost or revaluation At I july 2021 Additions At 30 June 2022 Depreciation and impairment At l July 2021 Depreciation charge for the year At 30 June 2022 Net book values At 30 June 2022 At 30 Jurie 2021 11 Debtors 2,071,177 4,573 2,075,750 70,442 2.995 73.437 2,141.619 7,568 2,149,187 396,102 56,295 452,397 18,908 5,169 24,077 415.010 61,464 476.474 1,660,740 1.675,075 11,973 14,147 1,672.713 1,689,222 2022 2021 Trade debtors VAT recovèrable Other debtors 23.982 16.511 1,038 37,125 54,674 36,590 60,572 12 Creditors: amounts falling dLie within one year 2022 2021 Trade creditors Other taxes and social security Other creditors Accruals 26,679 2,171 27,596 6.810 63.2S6 11,392 563 27.596 6,760 46,311 Page 12
Morts Astley Heritage Trust Notes to the Accounts 13 Movement in funds Incomin8 resources (including other At l July gainsllosses 2021 Resources At 30 June expended 2022 Restrlcted funds: Restricted income funds: Top floor development Capital grants & donations expended 2.338 2,338 1.671.323 118,9081 1,652,415 Total 1,673,661 118,9081 1,654,753 Unrestrirted funds: General funds 155.852 1178,1911 118,3701 Designated funds: Gener31 fund 70,503 70.503 Totol 70,503 70,503 Total funds 1.748.133 155,852 1197,0991 1,706,886 Purposes and restrictions in relation to the funds: Restricted fund5- Top floor development Capital grants & donations expended Designated funds.. General fL*nd 14 Analysis of net assets between funds Unrestricted funds Totsl Fixed asset5 1,672,713 34,173 1,706,886 1,672,713 34,173 1,706,886 Net current assets Page 13
Morts Astley Herltage Trust Notes to the Accounts 15 Reconciliation of net debt At l July 2021 At 30 June Cash flows 2022 Cash and cash equivalents 50,548 SO.548 113,6911 113,6911 36,857 36,857 Net debt 50,548 113,6911 36,857 Page 14
Morts Astley Heritage Trust Statement of Cash flows for the year ended 30 June 2022 2022 2021 Cash flows from operating actNf(ies Net expendtture per Statement of Financial Artivities 141,2471 11,2701 Adjustments for: Depreciation of property, plant and equipment Dividends. interest and rents from investments Increase in trade and other receivables 24.077 16,0001 15.8981 16.945 23,432 132,7031 154,6741 46,311 Increase in trade and other payables Net cash used in operating activities 112,1231 118,9041 Cash flows from Investing artlvities Payments for property, plant and equipment Dividends. interest and rents from investments 17.5681 116,4931 32.703 Net cash (used in)/from investing artivities 11.5681 16,210 Net cash from financing activities Net decrease in cash and cash equivalents 113,6911 12,6941 Cash and cash equivalents at the beginning of the year $0,548 Cash and cash equivalents at the end of the year 36.857 12,6941 Components of cash and cash equivalents Cash and bank balances 36.857 50,548 36,857 50.548 Page 15
Morts Astley Heritage Trust Detailed statement of Financial Artivities for the year ended 30 June 2022 Unrestrirte d funds Total funds 2022 Total funds 2021 2022 2022 Income and endowments from: Donations and legacies donations received - general revenue 5.180 5,180 1,603 5,180 5,180 1,603 Charitable activities Fundr315ing- events & tours 9.020 9,020 9,020 9,020 Other trading activities rent & seNice5 income 135.652 135.652 135,652 135.652 138,197 138.197 Other governemnt grants 6.000 32,703 32,703 6,000 Total incomè and endowments 155.852 155.852 172.503 Expenditure on: Other expenditure Woodland development marketing & direct letting costs fundraising direct costs 7.092 1.382 1.880 10.354 7,092 1.382 1.880 10.354 13,451 75 13.526 Employee costs Salarieslwages 49,077 49.077 49,077 49,077 43,339 43,339 Premises costs Rates 9,287 41,952 5,196 2.390 58.825 9.287 41,952 5.196 2,390 58,825 6,551 27.496 5,494 2,061 41.602 Light, heat and power Premises cleaning Other premises costs General administrative costs. including depreciation and amortisation DepCiatIon of land and buildings Depreciation of Fixttjres & 18.908 18,908 18,862 5,169 5.169 4,570 Bank chafges Equipment repairs and maintenance 1.069 1,069 676 18.275 14.878 14.878 Page 16
Morts Astley Heritage Trust Detailed Statement of Financial Artivities General insurances Postage and couriers Stationery and printing Subscriptions Sundry expenses Telephone, fax and broadband 28.102 15 28,102 15 23,286 970 970 973 488 887 53 3,935 55,513 3,935 74.421 3,252 70,434 18,908 Legal and professional costs Accountancy and bookkeeping Other legal and professional costs 2.552 2.552 2.552 1,870 1,870 2,320 4,422 4.422 4.872 Total of expenditure of other costs Total expenditure Net gains on investments 178.191 18.908 197,099 173,773 178.191 18,908 197,099 173,773 Net expenditure 122.3391 118,9081 141,2471 11.2701 Net expenditure before other 8ains/llossesl Other Gains 122,3391 118.9081 141,2471 11,2701 Net movement in fvnds 122,3391 118,9081 141,2471 11.2701 ROn{lI1at10n of funds: Tot31 funds brought forward 74,472 1,673.661 1,748,133 1.749.403 Total funds carried fonvard 52,133 1,654,753 1,706,886 1,748,133 Page 17