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