2023-06-30-accounts - Morts Astley Heritage Trust

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Morts Astley Heritage Trust Trustees & Directors Annual Report For the year ended 30 June 2023

Review of the Year

The trading year has been challenging. Having slowly recovered from the unique circumstances of the Covid pandemic MAHT, in common with most other businesses, had to deal with the unforeseen economic effects of national and international instability. Rising inflation and ever increasing operating costs – particularly for energy and food – have added to the pressures we face.

MAHT is a charitable trust committed to preserving a heritage asset and using it for the benefit of the local community. This asset includes both property and ancient woodland, which brings with it unavoidable and unpredictable expenditure commitments above and beyond normal business operation.

Our focus last year was on consolidation. Economies were made and difficult decisions taken, particularly with regard to capital expenditure. Even so, the figures for this year show a trading loss, with accessible capital reserves being dangerously low.

A corrective strategy for year 23-24 has been formulated.

Rental Income

Our prime source of income is from the contracted leasing of our office space. In recent years we have run at a high occupancy. However our tenants and prospective tenants are largely SME’s, and inevitably are also affected by the current uncertain trading conditions.

We have revised the per square foot rental rate and this is being applied at lease renewal and for new leases. We are looking to increase capacity and have released one of the function rooms for permanent occupancy.

Our largest tenant, the Pre-School nursery that took over the large area vacated by the NHS Clinic, continues to thrive and has committed to taking on extra space.

Functions and Room Hire

Ad hoc room-hire, regular meetings and classes, guided tours, and functions were totally halted by the Covid lockdown and never fully recovered. This is an important aspect of operation which supports our obligation to the local community, and we will continue to offer facilities for community activities at an attractive rate. However, given the high cost of the annual licence and limited space we feel it is no longer beneficial to offer room hire for weddings.

Fundraising Events and Merchandising

Events continue to make a significant contribution to Trust income. They are well supported and appreciated by the local community. We will seek to expand the scope and frequency of these events, which rely on the goodwill of Trustees, staff and volunteers who give their time and energy to make them possible.

The Tea Rooms at Damhouse Limited -

is a wholly-owned subsidiary company that operates the Tea Rooms Restaurant. In addition it provides vital catering support for events and functions. It is a very popular venue which fulfils its prime purpose of serving the local community and raising awareness of Damhouse.

Turnover this year is slightly down and again it shows an operating loss. The dramatic increases in food costs this year is a major factor and there is an ongoing process of reviewing menu prices, which are generally considered to be excellent value.

Building and Woodland Outgoings

Repairs and Maintenance expenditure on both the buildings and the woodland continues to be a concern. Whilst building maintenance is to some extent predictable, necessary repairs can crop up without warning and demand immediate action. Similarly, the cost of maintaining the woodland in a condition that is ecologically sound and also safe for public access is variable and unpredictable.

Despite due diligence, insurance charges have again risen and are a large part of the cost of running the building. Although partially offset by Service Charges to the Tenants, these charges remain MAHT’s responsibility. The Trustees are actively working to reduce the cost to the Trust

Going forward

The year has been difficult, and next year will be even more so. Thoughts of development must take a back seat, and our main focus will be on securing the future of MAHT and Damhouse. We are planning to better involve the local community by launching a Crowdfunding site which will more easily allow donations whist raising the profile and awareness of the Trust’s work.

A vital objective last year was to reduce the burden on the current Trustees, associates and volunteers by recruiting additional committed people who will continue the selfless work and safeguard the operation of MAHT. Good progress has been made and we will shortly be introducing new Trustees and Trustee Advisers/Associates

In an uncertain and ever-changing business environment we feel better equipped to deal with the new challenges that lie ahead. Growth is not unachievable, and we are optimistic that the year ahead will see MAHT in a more stable financial position.

Management Challenges

The Trustees recognise certain prime challenges facing the Charity. They are:

Continuity of leadership at Trustee level
Maintaining income and cash flow
Maintaining a listed building that was restored over twenty years ago with systems of similar age
Complying with regulatory requirements for the building and its operation
The responsibility of managing the woodland that surrounds Damhouse.

The Trustees are working hard to mitigate these by: the implementation of the action plan; the regular consideration of Trustee retention and renewal; the appointment of Trustees and Advisers with appropriate and specific skills; regular Trustee sub-meetings concentrating on building, grounds, development and finance issues; monitoring of staff; increased promotion of revenue generating facilities; development of policies; balancing ongoing maintenance expenditure with retention of funds for longer term projects.

Morts Astley Heritage Trust

Charity No. 1056209

Trustees' Report and Unaudited Accounts

30 June 2023

Company Number: 03208172

Morts Astley Heritage Trust Contents

	Pages
Trustees' Annual Report	3 to 4
Independent Examiner's Report	5 to 7
Statement of Financial Activities	8
Balance Sheet	9
Statement of Cash flows	18
Notes to the Accounts	10 to 17
Detailed Statement of Financial Activities	19 to 20

Page 1

Morts Astley 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 2023.

REFERENCE AND ADMINISTRATIVE DETAILS

Charity No. 1056209 Company No. 03208172

Trustees

The following trustees served during the year:

J.M. Hatton M. Hughes E. Hurst K.G. Hurst B.M. Wilson

Accountants

Bridgeman Accountants 23 Bridgeman Terrace Wigan WN1 1SX

OBJECTIVES AND ACTIVITIES

The purpose of the charity as set out in its governing document to preserve for the public benefit historical architectural and constructional heritage in the form of buildings of particular beauty or historical, architectural or constructional interest .

The main activities 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 trustees 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 statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) 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 detection of fraud and other irregularities.

Signed on behalf of the charity's trustees

J.M. Hatton

Page 2

Morts Astley Heritage Trust Trustees Annual Report

Trustee

10 August 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 Morts Astley Heritage Trust for the year ended 30 June 2023 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 2011('the Act'). The trustees consider that an audit is not required for this year under the Charities Act 2011, s.144(2) (the 2011 Act) and that an independent examination is needed.

I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's 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 respect:

the accounting records were not kept in respect of the charity as required by section 130 of the Act; or
the financial 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 in the 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 understanding of the financial statements to be reached.

David Green MAAT Bridgeman Accountants 23 Bridgeman Terrace Wigan

WN1 1SX 10 August 2023

Page 4

Morts Astley Heritage Trust Statement of Financial Activities

for the year ended 30 June 2023

Unrestricted funds	Restricted funds	Total funds	Total funds
2023	2023	2023	2022
£	£	£	£

5,543	-	5,543	5,180
9,249	-	9,249	9,020
147,548	-	147,548	135,652
158	-	158	6,000
162,498	-	162,498	155,852

207,994	-	207,994	197,099
207,994	-	207,994	197,099
-	-	-	-
(45,496)	-	(45,496)	(41,247)
-	-	-	-
(45,496)	-	(45,496)	(41,247)

(45,496)	-	(45,496)	(41,247)

52,133	1,654,753	1,706,886	1,748,133
6,637	1,654,753	1,661,390	1,706,886

Page 5

Morts Astley Heritage Trust Balance Sheet

at 30 June 2023

Charity No. 1056209 Fixed assets Tangible assets 10 Current assets Debtors 11 Cash at bank and in hand Creditors:Amount falling due within one year 12 Net current assets Total assets less current liabilities Net assets excluding pension asset or liability Total net assets The funds of the charity Restricted funds 13 Restricted income funds Unrestricted funds 13 General funds Designated funds Reserves 13 Total funds	2023 £ 1,648,790 1,648,790 41,364 28,707 70,071 (57,471) 12,600 1,661,390 1,661,390 1,661,390 1,654,753 1,654,753 (63,866) 70,503 6,637 1,661,390	2022 £ 1,672,713
		1,672,713 60,572 36,857
		97,429 (63,256)
		34,173 1,706,886
		1,706,886
		1,706,886
		1,654,753
		1,654,753 (18,370) 70,503
		52,133
		1,706,886

For the financial year in question the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies. No members have required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Companies Act. The directors acknowledge their responsibility for complying with the requirements of the Act with respect to accounting records and for the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the trustees on 10 August 2023

And signed on their behalf by:

M. Hughes Trustee 10 August 2023

Page 6

Morts Astley Heritage Trust Notes to the Accounts

for the year ended 30 June 2023

1 Accounting policies

Basis 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 (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.

Change in basis of accounting or to previous accounts

There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.

Fund accounting

Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity.
Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values.
Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal.

Income

Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income 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 is expenditure reported gross in the SoFA.
Donations and Voluntary income received by way of grants, donations and gifts is included in the legacies 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 gift/donation to which it relates. Donated services These are only included in 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 accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets

Page 7

Morts Astley Heritage Trust Notes to the Accounts

Expenditure

Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure 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 activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs.
Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid.
Governance costs These include those costs associated with meeting the 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 other administration costs.
Other expenditure These are support costs not allocated to a particular activity.

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 1% straight line Fixtures & fittings 20% straight line

Freehold investment property

Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they arise.

Stocks

Stock is included at the lower of cost or net realisable value. Donated 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 debtors

Trade and other debtors are recognised 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 highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net 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 Accounts

Trade and other creditors

Short term creditors are measured 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 funds 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 currencies

Monetary assets and liabilities denominated in currencies other than the functional 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 functional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred.

All exchange differences are are taken into account in arriving at net income/expenditure.

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 treated as a finance lease.

Leases which do not transfer substantially 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 value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction 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, unless they are directly attributable to qualifying assets, in which case they are capitalised 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 recognised 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 recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the charity in independently administered funds.

Receipt of donated goods, facilities and services

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 Financial Activities - prior year

2 Statement of Financial Activities - prior year
Income and endowments from: Donations and legacies Charitable activities Other trading activities Other Total Expenditure on: Other Total Net income Net income before other gains/(losses) Other gains and losses: Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward 3 Income from donations and legacies donations received - general revenue 4 Income from charitable activities	Unrestricted funds 2022 £ 5,180 9,020 135,652 6,000 155,852 178,191 178,191 (22,339) (22,339) (22,339) 74,472 52,133 Unrestricted £ 5,543 5,543 Unrestricted £ 9,249 9,249	Restricted funds 2022 £ - - - - - 18,908 18,908 (18,908) (18,908) (18,908) 1,673,661 1,654,753 Total 2023 £ 5,543 5,543 Total 2023 £ 9,249 9,249	Total funds 2022 £ 5,180 9,020 135,652 6,000
			155,852 197,099
			197,099
			(41,247)
			(41,247)
			(41,247) 1,748,133
			1,706,886
			Total 2022 £ 5,180
			5,180
			Total 2022 £ 9,020
			9,020

Page 10

Morts Astley Heritage Trust Notes to the Accounts

5 Income from other trading activities

Unrestricted £ 147,548 147,548 Unrestricted £ - 158 158	Total 2023 £ 147,548 147,548 Total 2023 £ - 158 158	Total 2022 £ 135,652
		135,652
		Total 2022 £ 6,000 -
		6,000

Unrestricted £ 3,912 373 1,732 48,953 75,361 24,116 49,184 4,363 207,994 2023 £ 24,116 2023 48,953 48,953	Total 2023 £ 3,912 373 1,732 48,953 75,361 24,116 49,184 4,363 207,994	Total 2022 £ 7,092 1,382 1,880 49,077 58,825 24,077 50,344 4,422
		197,099
		2022 £ 24,077 2022 49,077
		49,077

No employee received emoluments in excess of £60,000.

Page 11

Morts Astley Heritage Trust Notes to the Accounts

10 Tangible fixed assets

Cost or revaluation At 1 July 2022 Additions At 30 June 2023 Depreciation and impairment At 1 July 2022 Depreciation charge for the year At 30 June 2023 Net book values At 30 June 2023 At 30 June 2022 11 Debtors Trade debtors Other debtors 12 Creditors: amounts falling due within one year Trade creditors Other taxes and social security Other creditors Accruals	Land and buildings £ 2,075,750 - 2,075,750 415,010 18,908 433,918 1,641,832 1,660,740 2023 £ 9,927 31,437 41,364 2023 £ 19,074 3,941 27,596	Fixtures & fittings £ 73,437 193 73,630 61,464 5,208 66,672 6,958 11,973	Total £ 2,149,187 193
			2,149,380
			476,474 24,116
			500,590
			1,648,790
			1,672,713
			2022 £ 23,982 36,590
			60,572
			2022 £ 26,679 2,171 27,596
	6,860		6,810
	57,471		63,256

Page 12

Morts Astley Heritage Trust Notes to the Accounts

13 Movement in funds

At 1 July 2022 Restricted funds: Restricted income funds: Top floor development 2,338 Capital grants & donations expended 1,652,415 Total 1,654,753 Unrestricted funds: General funds (18,370) Designated funds: General fund 70,503 Total 70,503 Total funds 1,706,886 Purposes and restrictions in relation to the funds:	Incoming resources (including other gains/losses ) £ - - - 162,498 - - 162,498	Resources expended £ - - - (207,994) - - (207,994)	At 30 June 2023 £ 2,338 1,652,415
			1,654,753
			(63,866) 70,503
			70,503

			1,661,390

Restricted funds:
Top floor development
Capital grants & donations expended
Designated funds:
General fund

14 Analysis of net assets between funds

Fixed assets Net current assets	Unrestricted funds £ 1,648,790 12,600 1,661,390	Total £ 1,648,790 12,600
		1,661,390

Page 13

Morts Astley Heritage Trust Notes to the Accounts

15 Reconciliation of net debt

At 1 July 2022 £	Cash flows £	At 30 June 2023 £
36,857	(8,150)	28,707
36,857 36,857	(8,150) (8,150)	28,707
		28,707

Page 14

Morts Astley Heritage Trust Statement of Cash flows for the year ended 30 June 2023

Cash flows from operating activities Net expenditure per Statement of Financial Activities Adjustments for: Depreciation of property, plant and equipment Dividends, interest and rents from investments Decrease/(Increase) in trade and other receivables (Decrease)/Increase in trade and other payables Net cash used in operating activities Cash flows from investing activities Payments for property, plant and equipment Dividends, interest and rents from investments Net cash used in investing activities Net cash from financing activities Net decrease in cash and cash equivalents Cash and cash equivalents at the beginning of the year Cash and cash equivalents at the end of the year	2023 £ (45,496) 24,116 (158) 19,208 (5,785) (8,115) (193) 158 (35) - (8,150) 36,857 28,707	2022 £ (41,247) 24,077 (6,000) (5,898) 16,945
		(12,123) (7,568) 6,000
		(1,568)

		-

		(13,691)
		50,548
		36,857

Components of cash and cash equivalents
Cash and bank balances	28,707	36,857

	28,707	36,857

Page 15

Morts Astley Heritage Trust Detailed Statement of Financial Activities

for the year ended 30 June 2023

Income and endowments from: Donations and legacies donations received - general revenue Charitable activities Other trading activities rent & services income Other governemnt grants bank interest Total income and endowments Expenditure on: Other expenditure Woodland development merchandise & event costs Employee costs Salaries/wages Premises costs Rates Light, heat and power Premises cleaning Other premises costs General administrative costs, including depreciation and amortisation Depreciation of land and buildings Depreciation of Fixtures & fittings Depreciation of Bank charges	Unrestricte d funds 2023 £ 5,543 5,543 9,249 9,249 147,548 147,548 - 158 158 162,498 3,912 373 1,732 6,017 48,953 48,953 11,708 53,531 6,633 3,489 75,361 18,908 5,208 - 1,003	2023 £ - - - - - - - - - - - - - - - - - - - - - - - - -	Total funds 2023 £ 5,543 5,543 9,249 9,249 147,548 147,548 - 158 158 162,498 3,912 373 1,732 6,017 48,953 48,953 11,708 53,531 6,633 3,489 75,361 18,908 5,208 - 1,003	Total funds 2022 £ 5,180
				5,180
				9,020
				9,020
				135,652
				135,652
				6,000 -
				6,000
				155,852 7,092 1,382 1,880
				10,354
				49,077
				49,077
				9,287 41,952 5,196 2,390
				58,825
				18,908 - 5,169 1,069

Page 16

Morts Astley Heritage Trust Detailed Statement of Financial Activities

Equipment repairs and maintenance General insurances Postage and couriers Stationery and printing Subscriptions Sundry expenses Telephone, fax and broadband Legal and professional costs Accountancy and bookkeeping Other legal and professional costs Total of expenditure of other costs Total expenditure Net gains on investments Net expenditure Net expenditure before other gains/(losses) Other Gains Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward	10,694 31,622 34 1,113 518 131 4,069 73,300 2,554 1,809 4,363 207,994 207,994 - (45,496) (45,496) - (45,496) 52,133 6,637	- - - - - - - - - - - - - - - - - - 1,654,753 1,654,753	10,694 31,622 34 1,113 518 131 4,069 73,300 2,554 1,809 4,363 207,994 207,994 - (45,496) (45,496) - (45,496) 1,706,886 1,661,390	14,878 28,102 15 970 488 887 3,935
				74,421
				2,552 1,870
				4,422

				197,099
				197,099 -
				(41,247)
				(41,247) -
				(41,247)
				1,748,133
				1,706,886

Page 17

Morts Astley Heritage Trust

Charity No. 1056209

Trustees' Report and Unaudited Accounts

30 June 2023

Company Number: 03208172

Morts Astley Heritage Trust Contents

	Pages
Trustees' Annual Report	3 to 4
Independent Examiner's Report	5 to 7
Statement of Financial Activities	8
Balance Sheet	9
Statement of Cash flows	18
Notes to the Accounts	10 to 17
Detailed Statement of Financial Activities	19 to 20

Page 1

Morts Astley 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 2023.

REFERENCE AND ADMINISTRATIVE DETAILS

Charity No. 1056209 Company No. 03208172

Trustees

The following trustees served during the year:

J.M. Hatton M. Hughes E. Hurst K.G. Hurst B.M. Wilson

Accountants

Bridgeman Accountants 23 Bridgeman Terrace Wigan WN1 1SX

OBJECTIVES AND ACTIVITIES

The main activities 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

Signed on behalf of the charity's trustees

J.M. Hatton

Page 2

Morts Astley Heritage Trust Trustees Annual Report

Trustee

10 August 2023

Page 3

Morts Astley Heritage Trust Independent Examiners Report

Independent Examiner's Report to the trustees of Morts Astley Heritage Trust

Responsibilities and basis of report

Independent examiner's 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 respect:

the accounting records were not kept in respect of the charity as required by section 130 of the Act; or
the financial 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 in the 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.

David Green MAAT Bridgeman Accountants 23 Bridgeman Terrace Wigan

WN1 1SX 10 August 2023

Page 4

Morts Astley Heritage Trust Statement of Financial Activities

for the year ended 30 June 2023

Unrestricted funds	Restricted funds	Total funds	Total funds
2023	2023	2023	2022
£	£	£	£

5,543	-	5,543	5,180
9,249	-	9,249	9,020
147,548	-	147,548	135,652
158	-	158	6,000
162,498	-	162,498	155,852

207,994	-	207,994	197,099
207,994	-	207,994	197,099
-	-	-	-
(45,496)	-	(45,496)	(41,247)
-	-	-	-
(45,496)	-	(45,496)	(41,247)

(45,496)	-	(45,496)	(41,247)

52,133	1,654,753	1,706,886	1,748,133
6,637	1,654,753	1,661,390	1,706,886

Page 5

Morts Astley Heritage Trust Balance Sheet

at 30 June 2023

Charity No. 1056209 Fixed assets Tangible assets 10 Current assets Debtors 11 Cash at bank and in hand Creditors:Amount falling due within one year 12 Net current assets Total assets less current liabilities Net assets excluding pension asset or liability Total net assets The funds of the charity Restricted funds 13 Restricted income funds Unrestricted funds 13 General funds Designated funds Reserves 13 Total funds	2023 £ 1,648,790 1,648,790 41,364 28,707 70,071 (57,471) 12,600 1,661,390 1,661,390 1,661,390 1,654,753 1,654,753 (63,866) 70,503 6,637 1,661,390	2022 £ 1,672,713
		1,672,713 60,572 36,857
		97,429 (63,256)
		34,173 1,706,886
		1,706,886
		1,706,886
		1,654,753
		1,654,753 (18,370) 70,503
		52,133
		1,706,886

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the trustees on 10 August 2023

And signed on their behalf by:

M. Hughes Trustee 10 August 2023

Page 6

Morts Astley Heritage Trust Notes to the Accounts

for the year ended 30 June 2023

1 Accounting policies

Basis of preparation

Change in basis of accounting or to previous accounts

There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.

Fund accounting

Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity.
Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values.
Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal.

Income

Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income 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 is expenditure reported gross in the SoFA.
Donations and Voluntary income received by way of grants, donations and gifts is included in the legacies 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 gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material.

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Morts Astley Heritage Trust Notes to the Accounts

Expenditure

Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure 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 activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs.
Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid.
Governance costs These include those costs associated with meeting the 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 other administration costs.
Other expenditure These are support costs not allocated to a particular activity.

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 1% straight line Fixtures & fittings 20% straight line

Freehold investment property

Stocks

Trade and other debtors

Trade and other debtors are recognised 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

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Morts Astley Heritage Trust Notes to the Accounts

Trade and other creditors

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Foreign currencies

All exchange differences are are taken into account in arriving at net income/expenditure.

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 treated as a finance lease.

Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases.

Pension costs

Receipt of donated goods, facilities and services

All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.

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Morts Astley Heritage Trust Notes to the Accounts

2 Statement of Financial Activities - prior year

2 Statement of Financial Activities - prior year
Income and endowments from: Donations and legacies Charitable activities Other trading activities Other Total Expenditure on: Other Total Net income Net income before other gains/(losses) Other gains and losses: Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward 3 Income from donations and legacies donations received - general revenue 4 Income from charitable activities	Unrestricted funds 2022 £ 5,180 9,020 135,652 6,000 155,852 178,191 178,191 (22,339) (22,339) (22,339) 74,472 52,133 Unrestricted £ 5,543 5,543 Unrestricted £ 9,249 9,249	Restricted funds 2022 £ - - - - - 18,908 18,908 (18,908) (18,908) (18,908) 1,673,661 1,654,753 Total 2023 £ 5,543 5,543 Total 2023 £ 9,249 9,249	Total funds 2022 £ 5,180 9,020 135,652 6,000
			155,852 197,099
			197,099
			(41,247)
			(41,247)
			(41,247) 1,748,133
			1,706,886
			Total 2022 £ 5,180
			5,180
			Total 2022 £ 9,020
			9,020

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Morts Astley Heritage Trust Notes to the Accounts

5 Income from other trading activities

Unrestricted £ 147,548 147,548 Unrestricted £ - 158 158	Total 2023 £ 147,548 147,548 Total 2023 £ - 158 158	Total 2022 £ 135,652
		135,652
		Total 2022 £ 6,000 -
		6,000

Unrestricted £ 3,912 373 1,732 48,953 75,361 24,116 49,184 4,363 207,994 2023 £ 24,116 2023 48,953 48,953	Total 2023 £ 3,912 373 1,732 48,953 75,361 24,116 49,184 4,363 207,994	Total 2022 £ 7,092 1,382 1,880 49,077 58,825 24,077 50,344 4,422
		197,099
		2022 £ 24,077 2022 49,077
		49,077

No employee received emoluments in excess of £60,000.

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Morts Astley Heritage Trust Notes to the Accounts

10 Tangible fixed assets

Cost or revaluation At 1 July 2022 Additions At 30 June 2023 Depreciation and impairment At 1 July 2022 Depreciation charge for the year At 30 June 2023 Net book values At 30 June 2023 At 30 June 2022 11 Debtors Trade debtors Other debtors 12 Creditors: amounts falling due within one year Trade creditors Other taxes and social security Other creditors Accruals	Land and buildings £ 2,075,750 - 2,075,750 415,010 18,908 433,918 1,641,832 1,660,740 2023 £ 9,927 31,437 41,364 2023 £ 19,074 3,941 27,596	Fixtures & fittings £ 73,437 193 73,630 61,464 5,208 66,672 6,958 11,973	Total £ 2,149,187 193
			2,149,380
			476,474 24,116
			500,590
			1,648,790
			1,672,713
			2022 £ 23,982 36,590
			60,572
			2022 £ 26,679 2,171 27,596
	6,860		6,810
	57,471		63,256

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Morts Astley Heritage Trust Notes to the Accounts

13 Movement in funds

At 1 July 2022 Restricted funds: Restricted income funds: Top floor development 2,338 Capital grants & donations expended 1,652,415 Total 1,654,753 Unrestricted funds: General funds (18,370) Designated funds: General fund 70,503 Total 70,503 Total funds 1,706,886 Purposes and restrictions in relation to the funds:	Incoming resources (including other gains/losses ) £ - - - 162,498 - - 162,498	Resources expended £ - - - (207,994) - - (207,994)	At 30 June 2023 £ 2,338 1,652,415
			1,654,753
			(63,866) 70,503
			70,503

			1,661,390

Restricted funds:
Top floor development
Capital grants & donations expended
Designated funds:
General fund

14 Analysis of net assets between funds

Fixed assets Net current assets	Unrestricted funds £ 1,648,790 12,600 1,661,390	Total £ 1,648,790 12,600
		1,661,390

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Morts Astley Heritage Trust Notes to the Accounts

15 Reconciliation of net debt

At 1 July 2022 £	Cash flows £	At 30 June 2023 £
36,857	(8,150)	28,707
36,857 36,857	(8,150) (8,150)	28,707
		28,707

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Morts Astley Heritage Trust Statement of Cash flows for the year ended 30 June 2023

Cash flows from operating activities Net expenditure per Statement of Financial Activities Adjustments for: Depreciation of property, plant and equipment Dividends, interest and rents from investments Decrease/(Increase) in trade and other receivables (Decrease)/Increase in trade and other payables Net cash used in operating activities Cash flows from investing activities Payments for property, plant and equipment Dividends, interest and rents from investments Net cash used in investing activities Net cash from financing activities Net decrease in cash and cash equivalents Cash and cash equivalents at the beginning of the year Cash and cash equivalents at the end of the year	2023 £ (45,496) 24,116 (158) 19,208 (5,785) (8,115) (193) 158 (35) - (8,150) 36,857 28,707	2022 £ (41,247) 24,077 (6,000) (5,898) 16,945
		(12,123) (7,568) 6,000
		(1,568)

		-

		(13,691)
		50,548
		36,857

Components of cash and cash equivalents
Cash and bank balances	28,707	36,857

	28,707	36,857

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Morts Astley Heritage Trust Detailed Statement of Financial Activities

for the year ended 30 June 2023

Income and endowments from: Donations and legacies donations received - general revenue Charitable activities Other trading activities rent & services income Other governemnt grants bank interest Total income and endowments Expenditure on: Other expenditure Woodland development merchandise & event costs Employee costs Salaries/wages Premises costs Rates Light, heat and power Premises cleaning Other premises costs General administrative costs, including depreciation and amortisation Depreciation of land and buildings Depreciation of Fixtures & fittings Depreciation of Bank charges	Unrestricte d funds 2023 £ 5,543 5,543 9,249 9,249 147,548 147,548 - 158 158 162,498 3,912 373 1,732 6,017 48,953 48,953 11,708 53,531 6,633 3,489 75,361 18,908 5,208 - 1,003	2023 £ - - - - - - - - - - - - - - - - - - - - - - - - -	Total funds 2023 £ 5,543 5,543 9,249 9,249 147,548 147,548 - 158 158 162,498 3,912 373 1,732 6,017 48,953 48,953 11,708 53,531 6,633 3,489 75,361 18,908 5,208 - 1,003	Total funds 2022 £ 5,180
				5,180
				9,020
				9,020
				135,652
				135,652
				6,000 -
				6,000
				155,852 7,092 1,382 1,880
				10,354
				49,077
				49,077
				9,287 41,952 5,196 2,390
				58,825
				18,908 - 5,169 1,069

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Morts Astley Heritage Trust Detailed Statement of Financial Activities

Equipment repairs and maintenance General insurances Postage and couriers Stationery and printing Subscriptions Sundry expenses Telephone, fax and broadband Legal and professional costs Accountancy and bookkeeping Other legal and professional costs Total of expenditure of other costs Total expenditure Net gains on investments Net expenditure Net expenditure before other gains/(losses) Other Gains Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward	10,694 31,622 34 1,113 518 131 4,069 73,300 2,554 1,809 4,363 207,994 207,994 - (45,496) (45,496) - (45,496) 52,133 6,637	- - - - - - - - - - - - - - - - - - 1,654,753 1,654,753	10,694 31,622 34 1,113 518 131 4,069 73,300 2,554 1,809 4,363 207,994 207,994 - (45,496) (45,496) - (45,496) 1,706,886 1,661,390	14,878 28,102 15 970 488 887 3,935
				74,421
				2,552 1,870
				4,422

				197,099
				197,099 -
				(41,247)
				(41,247) -
				(41,247)
				1,748,133
				1,706,886

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