THE APEDALE HERITAGE CENTRE
Report and Accounts For the Year to 31st December 2021
HERITAGE CENTRE LOOMER ROAD CHESTERTON NEWCASTLE-UNDER-LYME STAFFORDSHIRE ST5 7RR
COMPANY NUMBER 03384360
Registered Charity Number 1073104
APEDALE HERITAGE CENTRE Report and Accounts For the Year to 31st December 2021
Contents
| Page | |
|---|---|
| Trustees Report | 1 |
| Auditor’s Report | 2 |
| Trading Account | 3 |
| Balance Sheet | 4 |
| Notes to the Accounts | 5 |
APEDALE HERITAGE CENTRE Report and Accounts For the Year to 31st December 2021
Trustees Report
The Trustees present their Report for the Year to 31st December 2021.
Principal Activities
The Heritage Centre's principal activity during the year continued to be the operation of a mining and heritage centre for charitable purposes.
Political and Charitable Donations
During the year, the Heritage Centre made no political donations.
Trustees Responsibilities
Company law requires the Trustees to prepare Accounts for each financial year which give a true and fair view of the state of affairs of the company and of the profit or loss for that period. In preparing those Accounts, the Trustees are required to:
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Select suitable Accounting Policies and then apply them consistently,
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Make judgements and estimates that are reasonable and prudent, and
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Prepare the Accounts on the going concern basis, unless it is inappropriate to presume
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that the company will continue in business.
The Trustees are responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the company and to enable them to ensure that the Accounts comply with the Companies Act 2006 and SORP: Accounting and Reporting by Charities. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Auditor
A resolution to re-appoint R Wade FCA as Auditor will be put to the members at the Annual General Meeting.
Small Company Special Provisions
The Report of the Trustees has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies and SORP:Accounting and Reporting by Charities.
This Report was approved by the Board of Trustees on 25th September 2022
L J Mason D Rushton C Johnson D Bowdley Trustee Trustee Trustee Trustee T Welsh I Wibberley Trustee Trustee
Page 1
APEDALE HERITAGE CENTRE Report and Accounts For the Year to 31st December 2021
Auditor’s Report
Report of the Auditor to the Trustees of The Apedale Heritage Centre
I have audited the Accounts on pages 3 to 5 which have been prepared in accordance with both the special provisions of Part 15 of the Companies Act 2006 relating to small companies and SORP:Accounting and Reporting by Charities.
Respective responsibilities of Trustees and Auditor
As described on Page 1, the Heritage Centre's Trustees are responsible for the preparation of the Accounts. It is my responsibility to form an independent opinion, based on my audit, on those Accounts and to report my opinion to you.
Basis of Opinion
I conducted the audit in accordance with Auditing Standards issued by the Auditing Practices Board. An audit includes examination, on a test basis, of evidence relevant to the amounts and disclosures in the Accounts. It also includes an assessment of the significant estimates and judgements made by the Directors in the preparation of the Accounts and of whether the Accounting Policies are appropriate to the Heritage Centre's circumstances, consistently applied and adequately disclosed.
I planned and performed my audit so as to obtain all the information and explanations which I considered necessary in order to provide me with sufficient evidence to give reasonable assurance that the Accounts are free from material mis-statement, whether caused by fraud or other irregularity or error. In forming my opinion I also evaluated the overall adequacy of the presentation of information in the Accounts.
Opinion
In my opinion the Accounts give a true and fair view of the state of the Heritage Centre's affairs as at 31st December 2021 and of its trading profit for the year then ended and have been properly prepared in accordance with the Companies Act 2006 applicable to small companies and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities.
Russell Wade FCA
88, Mornington Road Sneyd Green Stoke-on-Trent ST1 6EL
25th September 2022
Page 2
APEDALE HERITAGE CENTRE Trading Account For the Year to 31st December 2021
| 2021 | 2020 | |
|---|---|---|
| Sales | ||
| Café | £44,695 | £20,201 |
| Mine | £4,330 | £1,856 |
| Shop | £845 | £472 |
| Others | £545 | £475 |
| £50,415 | £23,004 | |
| Cost of Sales | ||
| Café | £15,375 | £8,043 |
| Shop | £632 | £263 |
| £16,007 | £8,306 | |
| Gross Profit | £34,408 | £14,698 |
| Expenses | ||
| Electricity | £9,702 | £8,381 |
| Repairs, Consumables and Equipment | £14,580 | £6,798 |
| Rates and Insurance | £4,848 | £4,705 |
| Telephone | £295 | £288 |
| Printing, Stationery and Advertising | £223 | £307 |
| Legal&Professional | £0 | £575 |
| Bank Charges | £562 | £156 |
| Sundry Expenses | £732 | £340 |
| Total Expenses | £30,942 | £21,550 |
| Other Income | ||
| Membership Fees | £552 | £562 |
| NUL Borough Council Grants | £16,097 | £11,620 |
| Rent Received | £3,300 | £3,489 |
| Mine Training Services | £0 | £0 |
| Donations Received | £6,499 | £9,025 |
| Total Other Income | £26,448 | £24,696 |
| Surplus on Trading Activities for the Year | £29,914 | £17,844 |
Page 3
APEDALE HERITAGE CENTRE Balance Sheet As at 31st December 2021
| Notes | 2021 | 2020 | |||
|---|---|---|---|---|---|
| Fixed Assets | 2 | £57,261 | £67,079 | ||
| Bugsworth Navigation Ltd : | |||||
| Investment | £10,000 | £10,000 | |||
| Loan | £3,800 | £3,950 | |||
| Current Assets | |||||
| Stock | £900 | £500 | |||
| Debtors and Prepayments | 3 | £20,879 | £17,703 | ||
| Cash In Hand | £100 | £100 | |||
| Cash At Bank | £63,324 | £36,017 | |||
| £85,203 | £54,320 | ||||
| Creditors: Amounts falling due within one year | 4 | (£8,269) | (£4,725) | ||
| Net Current Assets/(Liabilities) | £76,934 | £49,595 | |||
| Total Assets less Current Liabilities | £147,995 | £130,624 | |||
| Creditors: Amounts falling due after more than | |||||
| one year | 5 | (£1,750) | (£2,000) | ||
| Net Assets | £146,245 | £128,624 | |||
| Capital and Reserves | |||||
| Profit and Loss Account | 6 | £146,245 | £128,624 | ||
| Trustees Funds | £146,245 | £128,624 |
These Accounts have been prepared in accordance with the of the Companies Act 2006 applicable to small companies and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities.
Approved by the Board of Trustees on 25th September 2022.
L J Mason D Rushton C Johnson D Bowdley Trustee Trustee Trustee Trustee T Welsh I Wibberley Trustee Trustee
Page 4
APEDALE HERITAGE CENTRE Notes to the Accounts For the Year to 31st December 2021
1. Accounting Policies
Accounting Convention
The Accounts have been prepared under the historical cost convention.
Fixed Asset Valuation
Fixed Assets have been valued at the lower of cost or net realisable value.
On 30th June 2001 the Fixed Assets were revalued based upon the directors' assessment of their net realisable value.
Depreciation
Depreciation has been provided at the following rates in order to write off the Assets over their estimated useful lives :-
| Land and Buildings 10% straight line Plant and Machinery 25% straight line 2. Fixed Assets Land and Plant and Buildings Machinery Cost At 31st December 2020 £541,564 £121,760 Additions during the Year £2,475 £0 At 31st December 2021 £544,039 £121,760 Depreciation At 31st December 2020 £474,485 £121,760 Charge for the Year £12,293 £0 At 31st December 2021 £486,778 £121,760 Net Book Value At 31st December 2021 £57,261 £0 3. Debtors 2021 Trade Debtors £2,330 Station Rent £16,289 VAT £0 Insurance Refund £0 Electricity Recharged £971 Prepayments £1,289 £20,879 4. Creditors: Amounts falling due within one year 2021 VAT £233 Trade Creditors £8,036 Payments Received In Advance £0 £8,269 5. Creditors: Amounts falling due after more than one year 2021 Loans from Trustees £1,750 6. Profit and Loss Account 2021 Surplus on Trading Activities £29,914 Less Depreciation £12,293 Balance at 31 December 2020 £128,624 £ Balance at 31 December 2021 £146,245 £ |
Total £663,324 £2,475 £665,799 |
|---|---|
| £596,245 £12,293 £608,538 |
|
| £57,261 2020 £0 £14,289 £291 £552 £990 £1,581 £17,703 |
|
| 2020 £0 £4,725 £0 £4,725 2020 £2,000 2020 £17,844 £11,821 122,601 128,624 |
Page 5