REGISTERED COMPANY NUMBER: 03675916 (England and Wales) REGISTERED CHARITY NUMBER: 1076917
KNUTSFORD HERITAGE CENTRE
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
KNUTSFORD HERITAGE CENTRE
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 2 |
| Independent Examiner's Report | 3 | ||
| Statement of Financial Activities | 4 | ||
| Balance Sheet | 5 | to | 6 |
| Notes to the Financial Statements | 7 | to | 12 |
| Detailed Statement of Financial Activities | 13 |
KNUTSFORD HERITAGE CENTRE
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Aim and purposes
The Charity operated from 6th August 1999 under a trust deed laid down by its predecessor, The Macclesfield & Vale Royal Groundwork Trust Ltd. The objects of the Charity are:
(a) Informing Knutsford and district about the history and customs of Knutsford. (b) Gathering further historical information.
(c) Education by means of in house lectures and seminars.
(d) Liaison with schools and other local organisations.
(e) Assisting local artists by providing display areas.
(f) Conservation of The Knutsford Millennium Tapestry.
(g) Encouraging visitors throughout the country.
Objectives and activities
We review our aims, objectives and activities regularly throughout the year. The review looks at what we achieved and the outcomes of our work in the previous 12 months. The review looks at the success of each key activity and the benefits they have brought to the community. The review also helps us ensure our aim, objectives and activities remain focused on our stated purposes.
Achievements and performance
The Charity has continued to provide historical and educational support to all visitors over a broad age group spectrum.
Financial review
Against the backdrop of limited resources and funding, the Charity has actively sought Trustees from different walks of life with different expertise. All activities including Trustees work is conducted by volunteers. Funding has been actively sought from diverse sources, and a restructure of the shop and its stock has been undertaken.
Reserves policy
It is the policy to maintain the free reserves of the Charity defined as unrestricted funds at a level which always equates to or exceeds approximately twelve months unrestricted expenditure. Applications for funding specific events are well in hand and expectation of success is high.
Risk
The Trustees have considered the major operational risks which the Charity faces and confirm systems have been established to enable regular reports to be produced so that the necessary steps can be taken to mitigate these risks.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
03675916 (England and Wales)
Registered Charity number
1076917
Page 1
KNUTSFORD HERITAGE CENTRE
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025
Registered office
90A Kings Street Knutsford Cheshire WA16 6ED
Trustees
V Bryant C G Henretty (Chair) S Harris R Dallimore J Nicholson V Hainsworth J McCappin
Company Secretary J McCappin
Independent Examiner
Murray Smith LLP Chartered Accountants Darland House 44 Winnington Hill Northwich Cheshire CW8 1AU
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
........................................................................ C G Henretty - Trustee
Page 2
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF KNUTSFORD HERITAGE CENTRE
Independent examiner's report to the trustees of Knutsford Heritage Centre ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2025.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors 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 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 matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act 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 methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
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 accounts to be reached.
Nicola Tucker
Murray Smith LLP Chartered Accountants Darland House 44 Winnington Hill Northwich Cheshire CW8 1AU
Date: .............................................
Page 3
KNUTSFORD HERITAGE CENTRE
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025
| Unrestricted Restricted fund fund Notes £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 36,554 564 Other trading activities 2 12,414 - Investment income 3 595 - Total 49,563 564 EXPENDITURE ON Raising funds 3,038 172 Charitable activities Projects and activities 30,199 - Total 33,237 172 NET INCOME/(EXPENDITURE) 16,326 392 RECONCILIATION OF FUNDS Total funds brought forward 43,063 11 TOTAL FUNDS CARRIED FORWARD 59,389 403 |
2025 Total funds £ 37,118 12,414 595 50,127 3,210 30,199 33,409 16,718 43,074 59,792 |
2024 Total funds £ 23,254 7,451 452 31,157 4,845 32,903 37,748 (6,591) 49,665 43,074 |
|---|---|---|
The notes form part of these financial statements
Page 4
KNUTSFORD HERITAGE CENTRE
BALANCE SHEET 31 MARCH 2025
| Unrestricted Restricted fund fund Notes £ £ FIXED ASSETS Tangible assets 7 16,866 - CURRENT ASSETS Stocks 8 4,387 - Debtors 9 1,170 - Cash at bank 38,047 403 43,604 403 CREDITORS Amounts falling due within one year 10 (1,081) - NET CURRENT ASSETS 42,523 403 TOTAL ASSETS LESS CURRENT LIABILITIES 59,389 403 NET ASSETS 59,389 403 FUNDS 12 Unrestricted funds Restricted funds TOTAL FUNDS |
2025 Total funds £ 16,866 4,387 1,170 38,450 44,007 (1,081) 42,926 59,792 59,792 59,389 403 59,792 |
2024 Total funds £ 4,989 2,514 803 35,788 39,105 (1,020) 38,085 43,074 43,074 43,063 11 43,074 |
|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
continued...
Page 5
KNUTSFORD HERITAGE CENTRE
BALANCE SHEET - continued 31 MARCH 2025
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. C G Henretty - Trustee
The notes form part of these financial statements
Page 6
KNUTSFORD HERITAGE CENTRE
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Income
The policies adopted for the recognition of income are as follows:
Sale of goods
Income from the sale of goods is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of income can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on dispatch of the goods.
Rendering of services
When the outcome of a transaction can be estimated reliably, income is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to a notable milestone.
Where the outcome cannot be measured reliably, income is recognised only to the extent of the expenses recognised that are recoverable.
Grants
Income from government and other grants, whether 'capital' grants or 'revenue' grants, is recognised when the charity has entitlement to the funds, and performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recoverable, and is reported as part of the expenditure to which it relates.
Costs of generating funds comprise the costs associated with attracting voluntary income and the costs of trading for fundraising purposes including the Charity's shop.
Charitable expenditure comprises those costs incurred by the Charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings
- 20% on cost
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
continued...
Page 7
KNUTSFORD HERITAGE CENTRE
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
1. ACCOUNTING POLICIES - continued
Fund accounting
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.
2. OTHER TRADING ACTIVITIES
| General sales INVESTMENT INCOME Interest received NET INCOME/(EXPENDITURE) Net income/(expenditure) is stated after charging/(crediting): Depreciation - owned assets Other operating leases |
2025 £ 12,414 2025 £ 595 2025 £ 2,837 12,500 |
2024 £ 7,451 2024 £ 452 2024 £ 2,494 12,500 |
|---|---|---|
3. INVESTMENT INCOME
4. NET INCOME/(EXPENDITURE)
5. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024.
6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted Restricted fund fund £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 22,989 265 Other trading activities 7,451 - Investment income 452 - Total 30,892 265 EXPENDITURE ON Raising funds 4,845 - |
Total funds £ 23,254 7,451 452 31,157 4,845 |
|---|---|
continued...
Page 8
KNUTSFORD HERITAGE CENTRE
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
| 6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued Unrestricted Restricted fund fund £ £ Charitable activities Projects and activities 28,733 4,170 Total 33,578 4,170 NET INCOME/(EXPENDITURE) (2,686) (3,905) RECONCILIATION OF FUNDS Total funds brought forward 45,749 3,916 TOTAL FUNDS CARRIED FORWARD 43,063 11 7. TANGIBLE FIXED ASSETS COST At 1 April 2024 Additions At 31 March 2025 DEPRECIATION At 1 April 2024 Charge for year At 31 March 2025 NET BOOK VALUE At 31 March 2025 At 31 March 2024 |
Total funds £ 32,903 37,748 (6,591) 49,665 43,074 Fixtures and fittings £ 27,507 14,714 42,221 22,518 2,837 25,355 16,866 4,989 |
|---|---|
continued...
Page 9
KNUTSFORD HERITAGE CENTRE
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
| 8. STOCKS 2025 £ Stocks 4,387 9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 £ Prepayments and accrued income 1,170 10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 £ Accruals and deferred income 1,081 11. LEASING AGREEMENTS Minimum lease payments under non-cancellable operating leases fall due as follows: 2025 £ Within one year 12,500 Between one and five years 50,000 In more than five years 112,500 175,000 12. MOVEMENT IN FUNDS Net movement At 1.4.24 in funds £ £ Unrestricted funds General fund 43,063 16,326 Restricted funds Restricted fund 11 392 TOTAL FUNDS 43,074 16,718 |
2024 £ 2,514 2024 £ 803 2024 £ 1,020 2024 £ 12,500 50,000 125,000 187,500 At 31.3.25 £ 59,389 403 59,792 |
|---|---|
continued...
Page 10
KNUTSFORD HERITAGE CENTRE
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
12. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement |
|---|---|---|
| resources | expended | in funds |
| £ | £ | £ |
| Unrestricted funds | ||
| General fund 49,563 |
(33,237) | 16,326 |
| Restricted funds | ||
| Restricted fund 564 |
(172) | 392 |
| TOTAL FUNDS 50,127 |
(33,409) | 16,718 |
| Comparatives for movement in funds | ||
| At 1.4.23 | Net movement in funds |
At 31.3.24 |
| £ Unrestricted funds |
£ | £ |
| General fund 45,749 |
(2,686) | 43,063 |
| Restricted funds | ||
| Restricted fund 3,916 |
(3,905) | 11 |
| TOTAL FUNDS 49,665 |
(6,591) | 43,074 |
| Comparative net movement in funds, included in the above are as follows: | ||
| Incoming | Resources | Movement |
| resources | expended | in funds |
| £ Unrestricted funds |
£ | £ |
| General fund 30,892 |
(33,578) | (2,686) |
| Restricted funds | ||
| Restricted fund 265 |
(4,170) | (3,905) |
| TOTAL FUNDS 31,157 |
(37,748) | (6,591) |
continued...
Page 11
KNUTSFORD HERITAGE CENTRE
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
12. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Net | ||||
|---|---|---|---|---|
| movement | At | |||
| At 1.4.23 | in funds | 31.3.25 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 45,749 | 13,640 | 59,389 | |
| Restricted funds | ||||
| Restricted fund | 3,916 | (3,513) | 403 | |
| TOTAL FUNDS | 49,665 | 10,127 | 59,792 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds | Incoming Resources resources expended £ £ |
Movement in funds £ |
|---|---|---|
| General fund | 80,455 (66,815) |
13,640 |
| Restricted funds | ||
| Restricted fund | 829 (4,342) |
(3,513) |
| TOTAL FUNDS | 81,284 (71,157) |
10,127 |
13. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2025.
Page 12
KNUTSFORD HERITAGE CENTRE
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025
| DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 |
||
|---|---|---|
| 2025 | 2024 | |
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations | 14,618 | 15,754 |
| Grants | 22,500 | 7,500 |
| Other trading activities | 37,118 | 23,254 |
| General sales | 12,414 | 7,451 |
| Investment income | ||
| Interest received | 595 | 452 |
| Total incoming resources | 50,127 | 31,157 |
| EXPENDITURE | ||
| Other trading activities | ||
| Purchases | 3,210 | 4,845 |
| Charitable activities | ||
| Rent | 12,500 | 12,500 |
| Insurance | 996 | 1,106 |
| Light and heat | 3,341 | 3,827 |
| Telephone | 687 | 521 |
| Postage and stationery | 44 | 406 |
| Sundries | 1,067 | 946 |
| Adverting, website & leaflets | 287 | 279 |
| Repairs and maintenance | 6,387 | 4,921 |
| Subscriptions | 534 | 444 |
| Sculpture | - | 4,170 |
| Depreciation of tangible fixed assets | 2,837 | 2,494 |
| Support costs | 28,680 | 31,614 |
| Finance | ||
| SumUp charges | 383 | 269 |
| Governance costs | ||
| Accountancy and legal fees | 1,136 | 1,020 |
| Total resources expended | 33,409 | 37,748 |
| Net income/(expenditure) | 16,718 | (6,591) |
This page does not form part of the statutory financial statements
Page 13