24 Littlethorpe Willenhall Wood Coventry CV3 3GG Telephone: 024 76 305057 Email: jbraodon28@aol.com SPON END BUILDING PRESERVATION TRUST (A Company Limited By Guarantee with no share capital) Financial Statement for the Year Ended 31st January 2024 Registered Company No. 04051968 (England and Wales) Registered Charity No. 1082728 (England and Wales) CONTENTS PAGE Legal and Athninistrative TrusteestDir¢¢tors Report 2to3 Examiner's Report Statement of Financial Activities Balance Sheet Notes to the Financial Statement 7t09 Brandon Accountancy Limited- Registered in England & Wales- Company No. 4639953
SPON END BUILDING PRESERVATION TRUST (A Company Lirnited by Guarantee with no slwe capital) Legal and Administrative Information for the Year Ended 31st January 2024 Direetors rfrustees: Tina Woodroffe - Chairperson Dr Nathaniel Alcock Sara Maycock Dr Matthew Waters Peterson Cobbett Dr Jennifer Waters Company Secretary: Dr Matthew Waters Registered Office 121 Upper Spon Street Coventry CVI 3BQ Registered Company Number 04051968 (England and Wales) Registered Charity Number 1082728 (England and Wales) Bankers Lloyds Bank plc High Street Coventry Independent Examiner Brandon Accountancy Suite 2 The Koco Building The Arches Spon End Coventry CVI 3JQ 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 page I
SPON END BUILDING PRESERVATION TRUST (A Company Limited By Guarantee with no share capital) Trustees / Directors Report for the Year Ended 31st January 2024 The trustees of the charity are also directors for the purposes of the Companies ACL submit their annual report along with the financial statements of the year ended 31st January 2024. The trusteesldirectors have adopted the provisions if the Statement of Reconunended Practice (SORP) "Accounting and Reporting by Clwities" issued in March 2005. in preparing the annual report and financlal ststements. This report has also been prepared in accordance with the special provisÉons of Part 15 of the Companies Act 2006, Telating to small companies and with the Financial Reporting .8tandard,s for smaller Entiti&8 818ll With the acc()unting pnlici&8 .qet out on page 7 and comply with other applicable accounting standards. Spon End Buitding Preservation Trnst became incorporated in Engjand and Wales under nwnber 04051968 on 14th August 2000 and became a registered charity under number 1082728 on 2nd October 2000. The charity is a Limited Company By Guarantee and having no shar¢ capital, which is governed by a Memorandum and knicles of Association. Objects To preserve for the benefit of the people of the city of Coventy and of the nation at large, whatever of the historical, architectural and ¢onstnJctional heritage may exist in and around the City of Coventty, aforesaid in the forni of building (including and building as defined in Section 36(1) of the Town and County Planning Act 1990) of particular beauty or historical, aTchitectural or constructional interest. Activiti¢$ Restoration of a range of medieval and later buildings at 119-123 Upper Spon Street. Coventy and operation of those buildings for the benefit of local people, including the creation of a educational resource and heritage iiisitor attraction. "WEAVERS HOUSE" Organisation The trusteesldirectors who have served during the year and since the year end are set out on page l and meet on a regular basis. The truSte¢dI[eCtors have ultimate control over all the affai13 of the charitable coinpany. Staff, waged or unwaged. report to the to the tte&dIreCtors. Achievements and Perforniance The statement of fmancial activities for the year is sct out on page 5 of the accounts. In summary, the incomingy resources foi. the year amounted to £52,52810 (2023 £51,110) with the main resources ¢oinÈng from letting income and donations. The expenditure was £68,139 (2023 - £53,535), with the main expense being the PTeservation and runni of tbe lange of buildings. Risk management The trustees/dii"ectors conducts its own review of major risks to which tbe charitable company is exposed. These procedures are perioth'cally reviewed to ensure that they still in¢et the needs of the charitable company aud are as follows: an annual review of the risks which the clwitable company may faK: the establRshment of systems and procedures to mitigate those risks identified. the implementation of procedures designed to minin]ise any potential impact on the charitable company should any of those risks materialise. page 2
SPON END BUILDING PRESERVATION TRUST (A Company Limited By Guarantee with no share capital) Trustees / Directors Report for the Year Ended 31st January 2024 (Continued) TrusteeslDirectors responsibilities The law applicable to companies and charities in England and Wales requires the tTUSteesldirectors to prepare financial statements for each financial year which give a true and fair view of the fiiiancial activities caTried out during the year and its financial position at tlie end of the year. tn preparing financial statements the directors should follow best practice and: select suitable accounting policies and then apply consistently: make judgement and estinteS that are reasonable and pruknt" state whether applicable accounting standards have been followed subject to any material departures disclosed and explained in the fmancial statements. prepare the financial statement on the going concern basis unless it is inappropriate to presume that the charitable coinpany will continue to operate. The tTUSteesldirectors are responsible for keeping accounting records whj'ch disclose with reasonable accw'acy the financial position of the charitable company and which enable them to ensure that the financial statements comply with the applicable standards. The IvSte¢dIrc¢tOrS are also i"esponsible the safeguarding the assets of the charitable company and hence for takÉng reasonable steps for th¢ prevention and detection of fraud and other irregularities.. Independent Examiner Brandon Accountancy expresse their wtllingness to conlinue as examiners. Approved by the Board of TrUSteeslreCtOrS and Sied on its behalf by: Signed...... Print name ... Position . page 3
SPON END BUILDING PRESERVATION TRUST Independent Examiners, report to the Trustees / Directors of Spon End Building Preservation Trust in respect of the yeAr eDded 31st January 2024 I report on the account for the year ended 3 1st January 2024 set on pages 5 to 9. Respective responsibilities of trnstees and examiner The charity's trnstees (who are also directors for the PUTpose of company law) are responsible for the preparation of accounts. The charity's tnte¢S consider that an audit is not required for the year under Section 144 of the Charities Act 2011 and that an independent exami1tioll is i'equiTed. It 18 my r&qpon8ibility to.. eMIne the accounts under Section 145 of the 201 I Charities ACL to follow the procedures laid down in the general Direction given by the Chan'ty Coinmission (under Section 145 (5}(b) of the Act) and to state whether any particular matters have come to my attention. Basis on the independent examiners, report My examination was carried out in accordance with the general Direction given by the chlty Coinmission. An examination includes a review of the accounting records kept by the charitable company and a comparison of the accounts presented with those records. It also includes consideration of any unusual itcms or disclosures in the accounty and seeking explanations from you as directoi's / trustees concerning any such matters. The procedures undertaken does not provide all the evidence that would be required in an audit, and consequently no opinion is Oven as to whether the accounts present a 'true and fair, view and the report is limited to those matters set out in the statements below. Independent examiner's Statement In connection with my examination, no matter has come to my attention: (l ) which gives me reasonable cause to believe thaL in any material respect. the requirements: to keq) accounting records in accordwice with section 386 and 387 of the Companies Act 2006. and section 130 of the Charities Act: to prepare accounts which accord with the accounting records, comply with the accounting requirements of Section 394 and 395 of the Companies Act 2006 and with the accountiiig Tequirements of the Charities Act have not been met: OT (2) to which, in my Opinio attention should be dTawn in order to enable a proper understanding of the accounts to be reaclicd. J Brandon Brandon Accountancy Limited 24 L1ttlethoe Willenhall Wood Coventy CV3 3GG 3rd October 2024 page 4
SPON END BUILDING PRESERVATION TRUST (A Company Limited by Guarantee with no share capital) Statement of Financial Activities for the Year Ended 31st January 2024 Unrestricted Restricted Total 2024 2023 Notes Income & Expenditure Incomlng Resources: Letting Income Deposit Protection Donations Other Income 47.818 964 3.656 92 47.818 964 3,656 92 3,750 Total Incomlng Resources 52,528 52,528 51,110 Resources Expended: Activities for Generating Funds 44,084 15,789 59,874 47,219 Governance Costs 750 750 750 Management and Administration 7.515 7,515 5,566 Total Resources Expended 62,349 15,789 68,139 53,535 Net Movement in Funds 179 {_15.789) (.15.610) (-2.425) Fund balance brought fOard 93.955 1,185.903 1.279.858 1,282,283 Fund balance carrled forward 94,134 1.170,113 1,264,248 1,279,858 The notes on pages 7 to 9 fomi part for these financial statements page 5
SPON END BUILDING PRESERVATION TRUST (A Company Limited by Guarantee with no share capital) Balance Sheet for the Yèar Ended 31st January 2024 2024 2023 Notes Fixed Assets 1,183.438 1,199,228 Current Assets Debtors Lloyds Bank Current Account 81.612 81.433 81,612 81.433 Creditors Amounts falling due within one year 803 803 80,810 80,630 Net Assets 1.264.248 1.279,858 Represented by: Unrestricted Income Fund Restrictèd Income Fund 94,134 1,170,113 93.955 1,185,903 Total Funds 1,264,248 1,279,858 The company is entitled to exempllon from audit under Section 477 of the Companies Ad 2006 for Ihe year ended 81 st January 2024. The directors have not required the company to obtain an audit of is financial statement for the year ended 31st January 2024 in accordance with Section 476 of the Companies Act 2006. The directors acknowledgg their responsibilty for. (al ensuring the charitable company keeps a¢¢ounts'no recorded vthich comply with Sections 386 and 387 of the Companies Act 2006 and (bl preparing financial statements which give a true 8nd fair view of the slate of affairs of Ihe charitable company as al the end of each financial year and of ils surplus or deficit for each financial year in accordance with the r8quiremenls of Sections 394 and 395 and which olherwrse comply wth the requirements of th& Companies Act 2006 relating to financial statements, so far as applicable to the charitsble comparry. The financial slatements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small charitable companies and with the Financial Reporting Standard for Smaller entities (effective April 2008). The financial statements were approved by the Board of DirectOTS on . were signed on its behalf by: .and Signed Print Name: T/.4rt. ........d•JaOo Position The notes on pages 7 to 9 form part for these financial statement page 6
SPON END BUILDING PRESERVATION TRUST (A Company Limited by Guarantee wth no share capital) Notes to the Financial Statement for the Year Ended 31st January 2024 Note 1 Accountlng Policies (a) The financial statements have been prepared under the going concern basis and the special provision of Part 15 of the Companies Act 2006 relating to small companies and with the Financial Reporting Standards for Sm811 Entities (effective April 2008). The financial statements have also been prepared in accordance with the Stalernents of Recommended Practice (SORP), "Accounting and Reporting by Charities" issued in March 2005. (b) The charity is a Company Limited by Guarantee with no share capital. The directors of the company are named on page 1. In the event of the company being wound up, the liability in respect of the guarantee in limited to £1 per director of the company. (c) Voluntary income is received by way of donations and gifts and is included in full in the Statement of Financial Activities when receivable. The value of services provided by volunteers has not been included. (d) Grants, including grants for the purchas& of fixed assets, are recognised in full in the Statement of Financial Activities in the year in which they are receiv8ble. (ej Incoming resources from investments is included when receivable. (Q Rasources exp6nded are recognised in the period in which they are incurred. Resour8 expended include attributable VAT lch cannot be recovered. (g) Resources expensed are allocated to the particular activity where the cost relates directly to that activity. (h) Depreciation is provided at rates calculated to write off the cost of e8ch asset over its expected useful life. (i) Unrestricted funds are donations and other incoming resources receivable of generated for the objects of the charity without further specified purpose and are available as general funds. ti) Designated funds are unrestricted funds eamiark6d by the management committee for particular purposes. (k) Restricted funds are to be used for specific purposes as laid dovrfn by the donor. Expenditure which meets these criteria is charged to the fund, together with a fair allocation of management and support costs. Note 2 Taxation As a charity, Spon End Building Preservation Trust is exempt from Corpor8tion Tax on income and gains f811ing within Section 505 of the Taxation and Chargeable Gains Act 1992 to the extent that these S applied to its charitable objects. page 7
SPON END BUILDING PRESERVATION TRUST (A Company Limited by Guarantee with no share capitsl) Notes to the Financial Statement for the Year Ended 31st January 2024 Unrestricted Rèstricted 2024 2023 Nots 3 Activities for Generating Funds Wages Affiliation and Subscriptions Water Rates Rates Heat and Light Telephone and Intemet Insuran Property Maintenance Donald Install Architect Propety Security Hygiene. Health & Safety Publicity IT Services and Equipment Consumables Amortisalion (Assets Provisions) 6,702 327 1.774 6.702 327 1,774 5,442 349 1,790 904 2,234 287 5.513 12,133 11.261 307 6,573 6.135 8,754 11.261 307 6,573 6,135 8,754 1,044 1,094 101 500 599 15.789 675 675 15.789 15.789 44,084 15,789 59,874 47,219 Note 4 Governance Costs Year End Accounts 750 750 700 750 750 700 Note 5 Management and Admlnistratloi Administrator Wages Consumables Website Miscellaneous 4,392 1,424 164 1,Jf36 4,392 1,424 164 1,536 3,818 1,603 145 7,515 7.515 5,566 Note 6 Debtors Nots 7 Credltors Wages Year End Accounts 53 750 53 750 750 803 803 803 page 8
SPON END BUILDING PRESERVATION TRUST (A Company Limited by Guarantee with no share capital) Notes to the Financial Statement for the Year Ended 31st January 2024 Note 8 Tangible Fixed Assets Heritage Computer Assets Equipment Total Cost As at 1 st February 2023 Additions Disposals 1,436.073 400 1.436,473 As at 31st January 2024 1.436,073 400 1,436,473 Amortisation (Asset Provlsion) As £t 1 st February 2023 Charge for year Disposals 236,846 15,789 237,246 15,789 As at 31st January 2024 252.635 400 253,035 Net book value as at 31st January 2024 as at 31 st January 2023 1,183,438 1,199.228 1,183.438 1,199,228 The heritage assets comprises of the medieval timber-framed teThace situated at 119 - 123 Upper Spon Street, Coventry. Phase11 of the 8bove assets had been valued by Reeves & Partners, Chartered Surveyors, on the basis of open market value at 19th October 2005 at a value of £110,000. Phase111 additions are all at cost The whole is being amortised over the remaining length of the lease (see note 1). Note 9 Employees During 2022123. 4 people worked for the charity on a self-employed basis 2024 2023 Average Head Count In The Year Fund-raising Charitable Activities Administration Other (cleaner) Note 10 Board Expenses Trustees were only paid for their out of pod(et expenses during 202312024 . page 9