CHARITY COMMISSION FOR ENGLAND AND WALES Trustees, Annual Report for the period From 0110412020 Period start dats To 31103r2021 Period end date Charity name: CREWKERNE HERITAGE CENTRE LTD Charity registration number: 1075615 Objectives and Activities SORP Summary of the purposes of the Charity as set out in ils governing document Para 1.17 Advance education of the public inc.: The provision and maintenance of a museum and heritage centre in Cr8wkeme for the display of exhibits of historical scientific literary or artistic slgnificance or intsrest The provision of facilities for the display of works of art The provision of research relating to literature science art and history and the ublication of the results of research Activty was severely curtailed during the period due to Covld Window displays were maintained and changed regularly Activities posted on the website relating to local history Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts. Statement confinning whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit Para 1.17 1.19 Para 1.18 The trustees had regard to the guidance issued by the Charity Commission on public benefft Additional inforniation {optional) You ma choose to include further statements where relevant about: S¢JiP Parn 1.38 Poli¢y on grant making Para 1.38 Policy on social investment including program related investment The charity relies entirely on volunteers for all aspects of its work Para 1.38
Contribution made by volunteers Arts Council England full accreditation Research exhibitions and education including all age groups Other Achievements and Perfonnance Maintained online and window displays during pandemic closures Researchers returned to work when building closed to the public Collection team returned durlng closure period Building maintenance carried out by responsible person and frequent checks ensured good standard of care Summary ofthe main achievements of the charty, identifying the difference the charity's work has made to the circumstanS of its beneficiaries and any WKler benefits to society as a whole. Para 1.al Addltional inforniation (optional) You ma choose to include further statements where relevant abouL Plannad activities largely cancelled Online presence and window displays only Achievemerrts against objectives set P8ra 1.41 Unable to hold fundraising activities Performance of fundraising activities against objectives set Parn 1.41 Objectives met Investment performance against objectives Para 1.41 Other
Financial Review Review of the charity's financial position at the end of the nod Statement explaining the policy for holding reserves statin are held Amount of reserves held Reasons for holding zero reseeS Details of fund materially in deficit Explanation of any uncertainties aboLrt the charity continuing as a going cOnM Para 121 The charity's financial position is sound Para 1.22 Reserves are held for: Major building repairslmaintenance Purchase of dis la s and artlfacts £401.073 NIA Par3 1.22 Par8 1.22 Para 1.24 NIA Para 123 NIA Additional Infomiation (optional) You ma choose to indude further statements where relevant al)oul: The charity's Fyincipal SoUrS of fvnds (inGiuding any fundraising) Para 1.47 Investment in collective ethical investments Investment policy and objectives induding any social investment policy adopted Pala 1.46 Volunteer Tun oryanisation - problem of attracting now volunteers Reluctance to lake major responsibility roles A description of the prinopal risks facing the charity Para 1.46 Other
Structure, Governance and Management Description of charity's trusts.. Type of goveming document Para 1.25 Memorandwn & Articles of Association How is the charity constituted? Para 1.25 Limited company .-8led asCLI31 ?Il ulo., Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees Para 1.25 One trustee nominated by Crewkerne Town Council All other trustees (minimum 5} elected by the membership Additional inforniation (optional) You ma choose to include further statements where relevant about: New trustses provided with appropriate documentation and one-to-one guldance Policies and procedures adopted for the induction and training of trustees Para 1.51 The charity's organisational structure and any wider network with which the charity works Relationship wrth any related parties Pa 1.51 Other Reference and Administrative details Cha name Other name the Cha uses Re istered cha number Charity's prinapal address Crewkeme Hertta Centre Ltd 1075615 Crewkeme Herbtsge Centre Market Street Crewkeme TA18 7LP
Names of the charity trustees who manage the charity Tte¢ name Office {rfaryl N#m¢ of {or body) entitled if a P. Dudeney S. Colledge P. Wingravè S. Burden G. Atkinson P. Harris J. Ede 10 12 13 14 15 16 17 18 19 20 orate trustees- names of the directors at the date the re Dirgctor nam rtwasa roved Name of trustees holding title to property belonging to the charty Trusts¢ nam• Datss acted rf not forwho
Funds held as custodian trustees on behalf of others Description of the assets NIA held in this capacty Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity's objects Details of arrangements for safe custody and segregation of such assets from the charity's own assets Additional infomiation {optional) Names and addresses of advisers (Optlonal infomiation) Type of Name Address adviser Name of chief executlve or names of senior staff members {Optional infomiation) Exemptions from disclosure rsonnel details Reason for non-disclosure of ke Other o tional infonnation
Declarations The trustees declare that they have appr¢>ved the trustees. report above. Signed on behalf of the charity's trustees Signature(s Full namds) Posltion (eg Secretary. Chair, etcl Geoffrey Robert Atknnson Treasurer
Registered number: 03717664
CREWKERNE HERITAGE CENTRE LIMITED DIRECTORS' REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021
Crewkerne Heritage Centre Limited Directors' Report and Unaudited Financial Statements For The Year Ended 31 March 2021
| Contents | |
|---|---|
| Page | |
| Company Information | 1 |
| Directors' Report | 2 |
| Independent Examiner’s Report | 3 |
| Income and Expenditure Account | 4 |
| Balance Sheet | 5 |
| Statement of Changes in Equity | 6 |
| Notes to the Financial Statements | 7 - 8 |
| The following pages do not form part of the statutory accounts: | |
| Detailed Income and Expenditure Account | 9 |
Crewkerne Heritage Centre Limited Company Information For The Year Ended 31 March 2021
| Directors | Mr Peter Dudeney |
|---|---|
| Mr Simon Colledge | |
| Mr Peter Wingrave | |
| Mrs Sarah Burden | |
| Mr Geoffrey Atkinson | |
| Mr Philip Harris | |
| Ms Joy Ede | |
| Company Number | 03717664 |
| Registered Office | Crewkerne Heritage Centre |
| Market Square | |
| Crewkerne | |
| Somerset | |
| TA18 7LP | |
| Charity Commission registration number | 1075615 |
1
Crewkerne Heritage Centre Limited Company No. 03717664 Directors' Report For The Year Ended 31 March 2021
The directors present their report and the financial statements for the year ended 31 March 2021 .
Statement of Directors' Responsibilities
The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations. Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the surplus or deficit of the company for that period. In preparing the financial statements the directors are required to:
-
select suitable accounting policies and then apply them consistently;
-
make judgments and accounting estimates that are reasonable and prudent;
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. 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.
Principal Activity
The main objective of the charity, and the company's principal activity is the management of the Museum and Heritage Centre in Crewkerne. There have been no significant changes in the activities of the company.
The trustees have paid due regard to the guidance given by the Charity Commission on public benefit when deciding what activities the charity should undertake.
Directors
The directors, who are also the trustees of the charity, holding office during the year were as follows:
Mr Peter Dudeney
Mr Simon Colledge Mr Peter Wingrave Mrs Sarah Burden Mr Geoffrey Atkinson Mr Philip Harris Ms Joy Ede
Small Company Rules
This report has 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.
By order of the board
G. R. Atkinson
Date: 6[th] August 2021
2
Crewkerne Heritage Centre Limited Independent Examiner’s Report For The Year Ended 31 March 2021
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31st March 2021.
Responsibilities and basis of report
As the charity’s trustees of the Company (who are also the directors of the company for the purposes of company law), you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (“the 2006 Act”).
Having satisfied myself that the accounts of the Company are not required to be audited for this year under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (“the 2011 Act”). In carrying out my examination, I have followed the Directions given by the Charity Commission (under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention which give me cause to believe that: accounting records were not kept in accordance with section 386 of the Companies Act 2006; or the accounts do not accord with such records; or
the accounts do not comply with relevant accounting requirements under section 396 of the Companies Act 2006 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination; or the accounts have not been prepared in accordance with the Charities SORP (FRS102).
Signed: Mrs P.J. Lawrence
Address: 20 Middle Path Crewkerne Somerset TA18 8BE
Date: 27[th] August 2021
3
Crewkerne Heritage Centre Limited Income and Expenditure Account For The Year Ended 31 March 2021
| Notes TURNOVER Cost of sales GROSS SURPLUS Administrative expenses OPERATING SURPLUS/(DEFICIT) Other interest receivable and similar income SURPLUS/(DEFICIT) FOR THE FINANCIAL YEAR |
2021 £ 42,804 (10 ) 42,794 (14,182 ) 28,612 266 28,878 |
2020 £ 15,553 (548 ) 15,005 (16,986 ) (1,981 ) 70 (1,911 ) |
|---|---|---|
The notes on pages 7 to 8 form part of these financial statements.
4
Crewkerne Heritage Centre Limited Balance Sheet As at 31 March 2021
| Notes FIXED ASSETS Tangible Assets 3 Investments 4 CURRENT ASSETS Stocks 5 Debtors 6 Cash at bank and in hand Creditors: Amounts Falling Due Within One Year 7 NET CURRENT ASSETS (LIABILITIES) TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS RESERVES Designated funds Unrestricted funds TOTAL CHARITY FUNDS |
2021 £ £ 285,334 50,000 335,334 1,690 775 63,274 65,739 - 65,739 401,073 401,073 46,063 355,010 401,073 |
2021 £ £ 285,334 50,000 335,334 1,690 775 63,274 65,739 - 65,739 401,073 401,073 46,063 355,010 401,073 |
2020 £ £ 293,437 - 293,437 1,700 120 77,757 79,577 (819 ) 78,758 372,195 372,195 46,063 326,132 372,195 |
|---|---|---|---|
| 335,334 65,739 |
|||
| 65,739 - |
79,577 (819 ) |
||
| 401,073 | |||
| 401,073 | |||
| 46,063 355,010 |
|||
| 401,073 |
For the year ending 31 March 2021 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 in accordance with section 476 of the Companies Act 2006.
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
-
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
On behalf of the board
G. R. Atkinson
Date: 6[th] August 2021
The notes on pages 7 to 8 form part of these financial statements.
5
Crewkerne Heritage Centre Limited Statement of Changes in Equity For The Year Ended 31 March 2021
| As at 1 April 2019 Loss for the year and total comprehensive income As at 31 March 2020 and 1 April 2020 Profit for the year and total comprehensive income As at 31 March 2021 |
Designated Funds £ 46,063 - |
Unrestricted Funds £ 328,043 (1,911 ) |
Total £ 374,106 (1,911) 372,195 28,878 401,073 |
|---|---|---|---|
| 46,063 | 326,132 |
||
| - | 28,878 | ||
| 46,063 | 355,010 |
6
Crewkerne Heritage Centre Limited Notes to the Financial Statements For The Year Ended 31 March 2021
1. Accounting Policies
1.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2. Turnover
Turnover represents revenue earned from the sale of goods and from the rendering of services accounted for on a receivable basis, together with gifts, donations and grants to the charity.
1.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Land & buildings - 2% straight line Museum displays - 15% reducing balance Office equipment - 15% reducing balance
1.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
1.5. Unrestricted funds
The unrestricted funds of the charity may be applied in achieving any of the objectives of the charity as decided by the trustees.
1.6. Designated funds
Designated funds are resources which the donor wishes to be applied in a particular way, but there are no specific restrictions imposed on the donation. These funds are reserved by the trustees to be applied to particular future projects or commitments.
2. Average Number of Employees
The company has no employees.
The number of directors during the year, all of whom were unpaid, was 7 (2020: 7)
3. Tangible Assets
| Cost As at 1 April 2020 Additions As at 31 March 2021 Depreciation As at 1 April 2020 Provided during the period As at 31 March 2021 Net Book Value As at 31 March 2021 As at 1 April 2020 |
Land & Property Freehold £ 374,700 - |
Office Equipment £ 8,874 - |
Museum Displays £ 16,607 560 |
Total £ 400,181 560 400,741 106,744 8,663 115,407 285,334 293,437 |
|---|---|---|---|---|
| 374,700 | 8,874 | 17,167 | ||
| 88,499 7,494 |
5,154 558 |
13,091 611 |
||
| 95,993 | 5,712 | 13,702 | ||
| 278,707 | 3,162 | 3,465 | ||
| 286,201 | 3,720 | 3,516 |
7
Crewkerne Heritage Centre Limited Notes to the Financial Statements (continued) For The Year Ended 31 March 2021
4. Investments
| Cost As at 1 April 2020 Additions As at 31 March 2021 Provision As at 1 April 2020 As at 31 March 2021 Net Book Value As at 31 March 2021 As at 1 April 2020 Investments represent 18,276 income units in the COIF Charities Ethical Fund (at cost). The market value at 31st March 2021 was £49,999. |
Other £ - 50,000 50,000 - - 50,000 - |
|---|---|
5. Stocks
| Stock . Debtors Due within one year Other debtors . Creditors: Amounts Falling Due Within One Year Accruals and deferred income |
2021 £ 1,690 1,690 2021 £ 775 775 2021 £ - - |
2020 £ 1,700 1,700 2020 £ 120 120 2020 £ 819 819 |
|---|---|---|
6. Debtors
7. Creditors: Amounts Falling Due Within One Year
8. Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
9. General Information
Crewkerne Heritage Centre Limited is a private company, limited by guarantee, incorporated in England & Wales, registered number 03717664 . The registered office is Crewkerne Heritage Centre, Market Square, Crewkerne, Somerset, TA18 7LP.
8
Crewkerne Heritage Centre Limited Detailed Income and Expenditure Account For The Year Ended 31 March 2021
| TURNOVER Museum Entrance & Sales Room hire Gifts and donations received Grants Other income COST OF SALES Opening stock - finished goods Purchases Closing stock GROSS SURPLUS Administrative Expenses Property management and service charges Repairs and maintenance Customer welfare Insurance Office administration Depreciation of office equipment Depreciation of freehold land and property Depreciation of museum displays Sundry expenses OPERATING SURPLUS/(DEFICIT) Other interest receivable and similar income Interest and investment income SURPLUS/(DEFICIT) FOR THE FINANCIAL YEAR |
2021 £ £ 36 60 2,565 40,143 - 42,804 1,700 - (1,690 ) (10 ) 42,794 2,190 215 - 1,812 1,206 558 7,494 611 96 (14,182 ) 28,612 266 266 28,878 |
2021 £ £ 36 60 2,565 40,143 - 42,804 1,700 - (1,690 ) (10 ) 42,794 2,190 215 - 1,812 1,206 558 7,494 611 96 (14,182 ) 28,612 266 266 28,878 |
2020 £ £ 2,421 2,519 9,048 1,500 65 15,553 1,991 257 (1,700 ) (548 ) 15,005 3,754 1,235 203 1,799 1,117 656 7,494 621 107 (16,986 ) (1,981) 70 70 (1,911 ) |
|---|---|---|---|
| 42,804 (10 ) |
|||
| 2,190 215 - 1,812 1,206 558 7,494 611 96 |
3,754 1,235 203 1,799 1,117 656 7,494 621 107 |
||
| 42,794 (14,182 ) |
|||
| 266 | 70 |
||
| 28,612 266 |
|||
| 28,878 |
9
Registered number: 03717664
CREWKERNE HERITAGE CENTRE LIMITED DIRECTORS' REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021
Crewkerne Heritage Centre Limited Directors' Report and Unaudited Financial Statements For The Year Ended 31 March 2021
| Contents | |
|---|---|
| Page | |
| Company Information | 1 |
| Directors' Report | 2 |
| Independent Examiner’s Report | 3 |
| Income and Expenditure Account | 4 |
| Balance Sheet | 5 |
| Statement of Changes in Equity | 6 |
| Notes to the Financial Statements | 7 - 8 |
| The following pages do not form part of the statutory accounts: | |
| Detailed Income and Expenditure Account | 9 |
Crewkerne Heritage Centre Limited Company Information For The Year Ended 31 March 2021
| Directors | Mr Peter Dudeney |
|---|---|
| Mr Simon Colledge | |
| Mr Peter Wingrave | |
| Mrs Sarah Burden | |
| Mr Geoffrey Atkinson | |
| Mr Philip Harris | |
| Ms Joy Ede | |
| Company Number | 03717664 |
| Registered Office | Crewkerne Heritage Centre |
| Market Square | |
| Crewkerne | |
| Somerset | |
| TA18 7LP | |
| Charity Commission registration number | 1075615 |
1
Crewkerne Heritage Centre Limited Company No. 03717664 Directors' Report For The Year Ended 31 March 2021
The directors present their report and the financial statements for the year ended 31 March 2021 .
Statement of Directors' Responsibilities
The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations. Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the surplus or deficit of the company for that period. In preparing the financial statements the directors are required to:
-
select suitable accounting policies and then apply them consistently;
-
make judgments and accounting estimates that are reasonable and prudent;
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. 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.
Principal Activity
The main objective of the charity, and the company's principal activity is the management of the Museum and Heritage Centre in Crewkerne. There have been no significant changes in the activities of the company.
The trustees have paid due regard to the guidance given by the Charity Commission on public benefit when deciding what activities the charity should undertake.
Directors
The directors, who are also the trustees of the charity, holding office during the year were as follows:
Mr Peter Dudeney
Mr Simon Colledge Mr Peter Wingrave Mrs Sarah Burden Mr Geoffrey Atkinson Mr Philip Harris Ms Joy Ede
Small Company Rules
This report has 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.
By order of the board
G. R. Atkinson
Date: 6[th] August 2021
2
Crewkerne Heritage Centre Limited Independent Examiner’s Report For The Year Ended 31 March 2021
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31st March 2021.
Responsibilities and basis of report
As the charity’s trustees of the Company (who are also the directors of the company for the purposes of company law), you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (“the 2006 Act”).
Having satisfied myself that the accounts of the Company are not required to be audited for this year under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (“the 2011 Act”). In carrying out my examination, I have followed the Directions given by the Charity Commission (under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention which give me cause to believe that: accounting records were not kept in accordance with section 386 of the Companies Act 2006; or the accounts do not accord with such records; or
the accounts do not comply with relevant accounting requirements under section 396 of the Companies Act 2006 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination; or the accounts have not been prepared in accordance with the Charities SORP (FRS102).
Signed: Mrs P.J. Lawrence
Address: 20 Middle Path Crewkerne Somerset TA18 8BE
Date: 27[th] August 2021
3
Crewkerne Heritage Centre Limited Income and Expenditure Account For The Year Ended 31 March 2021
| Notes TURNOVER Cost of sales GROSS SURPLUS Administrative expenses OPERATING SURPLUS/(DEFICIT) Other interest receivable and similar income SURPLUS/(DEFICIT) FOR THE FINANCIAL YEAR |
2021 £ 42,804 (10 ) 42,794 (14,182 ) 28,612 266 28,878 |
2020 £ 15,553 (548 ) 15,005 (16,986 ) (1,981 ) 70 (1,911 ) |
|---|---|---|
The notes on pages 7 to 8 form part of these financial statements.
4
Crewkerne Heritage Centre Limited Balance Sheet As at 31 March 2021
| Notes FIXED ASSETS Tangible Assets 3 Investments 4 CURRENT ASSETS Stocks 5 Debtors 6 Cash at bank and in hand Creditors: Amounts Falling Due Within One Year 7 NET CURRENT ASSETS (LIABILITIES) TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS RESERVES Designated funds Unrestricted funds TOTAL CHARITY FUNDS |
2021 £ £ 285,334 50,000 335,334 1,690 775 63,274 65,739 - 65,739 401,073 401,073 46,063 355,010 401,073 |
2021 £ £ 285,334 50,000 335,334 1,690 775 63,274 65,739 - 65,739 401,073 401,073 46,063 355,010 401,073 |
2020 £ £ 293,437 - 293,437 1,700 120 77,757 79,577 (819 ) 78,758 372,195 372,195 46,063 326,132 372,195 |
|---|---|---|---|
| 335,334 65,739 |
|||
| 65,739 - |
79,577 (819 ) |
||
| 401,073 | |||
| 401,073 | |||
| 46,063 355,010 |
|||
| 401,073 |
For the year ending 31 March 2021 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 in accordance with section 476 of the Companies Act 2006.
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
-
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
On behalf of the board
G. R. Atkinson
Date: 6[th] August 2021
The notes on pages 7 to 8 form part of these financial statements.
5
Crewkerne Heritage Centre Limited Statement of Changes in Equity For The Year Ended 31 March 2021
| As at 1 April 2019 Loss for the year and total comprehensive income As at 31 March 2020 and 1 April 2020 Profit for the year and total comprehensive income As at 31 March 2021 |
Designated Funds £ 46,063 - |
Unrestricted Funds £ 328,043 (1,911 ) |
Total £ 374,106 (1,911) 372,195 28,878 401,073 |
|---|---|---|---|
| 46,063 | 326,132 |
||
| - | 28,878 | ||
| 46,063 | 355,010 |
6
Crewkerne Heritage Centre Limited Notes to the Financial Statements For The Year Ended 31 March 2021
1. Accounting Policies
1.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2. Turnover
Turnover represents revenue earned from the sale of goods and from the rendering of services accounted for on a receivable basis, together with gifts, donations and grants to the charity.
1.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Land & buildings - 2% straight line Museum displays - 15% reducing balance Office equipment - 15% reducing balance
1.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
1.5. Unrestricted funds
The unrestricted funds of the charity may be applied in achieving any of the objectives of the charity as decided by the trustees.
1.6. Designated funds
Designated funds are resources which the donor wishes to be applied in a particular way, but there are no specific restrictions imposed on the donation. These funds are reserved by the trustees to be applied to particular future projects or commitments.
2. Average Number of Employees
The company has no employees.
The number of directors during the year, all of whom were unpaid, was 7 (2020: 7)
3. Tangible Assets
| Cost As at 1 April 2020 Additions As at 31 March 2021 Depreciation As at 1 April 2020 Provided during the period As at 31 March 2021 Net Book Value As at 31 March 2021 As at 1 April 2020 |
Land & Property Freehold £ 374,700 - |
Office Equipment £ 8,874 - |
Museum Displays £ 16,607 560 |
Total £ 400,181 560 400,741 106,744 8,663 115,407 285,334 293,437 |
|---|---|---|---|---|
| 374,700 | 8,874 | 17,167 | ||
| 88,499 7,494 |
5,154 558 |
13,091 611 |
||
| 95,993 | 5,712 | 13,702 | ||
| 278,707 | 3,162 | 3,465 | ||
| 286,201 | 3,720 | 3,516 |
7
Crewkerne Heritage Centre Limited Notes to the Financial Statements (continued) For The Year Ended 31 March 2021
4. Investments
| Cost As at 1 April 2020 Additions As at 31 March 2021 Provision As at 1 April 2020 As at 31 March 2021 Net Book Value As at 31 March 2021 As at 1 April 2020 Investments represent 18,276 income units in the COIF Charities Ethical Fund (at cost). The market value at 31st March 2021 was £49,999. |
Other £ - 50,000 50,000 - - 50,000 - |
|---|---|
5. Stocks
| Stock . Debtors Due within one year Other debtors . Creditors: Amounts Falling Due Within One Year Accruals and deferred income |
2021 £ 1,690 1,690 2021 £ 775 775 2021 £ - - |
2020 £ 1,700 1,700 2020 £ 120 120 2020 £ 819 819 |
|---|---|---|
6. Debtors
7. Creditors: Amounts Falling Due Within One Year
8. Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
9. General Information
Crewkerne Heritage Centre Limited is a private company, limited by guarantee, incorporated in England & Wales, registered number 03717664 . The registered office is Crewkerne Heritage Centre, Market Square, Crewkerne, Somerset, TA18 7LP.
8
Crewkerne Heritage Centre Limited Detailed Income and Expenditure Account For The Year Ended 31 March 2021
| TURNOVER Museum Entrance & Sales Room hire Gifts and donations received Grants Other income COST OF SALES Opening stock - finished goods Purchases Closing stock GROSS SURPLUS Administrative Expenses Property management and service charges Repairs and maintenance Customer welfare Insurance Office administration Depreciation of office equipment Depreciation of freehold land and property Depreciation of museum displays Sundry expenses OPERATING SURPLUS/(DEFICIT) Other interest receivable and similar income Interest and investment income SURPLUS/(DEFICIT) FOR THE FINANCIAL YEAR |
2021 £ £ 36 60 2,565 40,143 - 42,804 1,700 - (1,690 ) (10 ) 42,794 2,190 215 - 1,812 1,206 558 7,494 611 96 (14,182 ) 28,612 266 266 28,878 |
2021 £ £ 36 60 2,565 40,143 - 42,804 1,700 - (1,690 ) (10 ) 42,794 2,190 215 - 1,812 1,206 558 7,494 611 96 (14,182 ) 28,612 266 266 28,878 |
2020 £ £ 2,421 2,519 9,048 1,500 65 15,553 1,991 257 (1,700 ) (548 ) 15,005 3,754 1,235 203 1,799 1,117 656 7,494 621 107 (16,986 ) (1,981) 70 70 (1,911 ) |
|---|---|---|---|
| 42,804 (10 ) |
|||
| 2,190 215 - 1,812 1,206 558 7,494 611 96 |
3,754 1,235 203 1,799 1,117 656 7,494 621 107 |
||
| 42,794 (14,182 ) |
|||
| 266 | 70 |
||
| 28,612 266 |
|||
| 28,878 |
9