REGISTERED COMPANY NUMBER: 04297601 (England and Wales) REGISTERED CHARITY NUMBER: 1092013
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 January 2021
for
Stockton Tabernacle Bookshop Ltd
JBC Accountants Limited Chartered Accountants 3B Lockheed Court Preston Farm Stockton on Tees TS18 3SH
Stockton Tabernacle Bookshop Ltd
Contents of the Financial Statements for the Year Ended 31 January 2021
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 2 |
| Independent Examiner's Report | 3 | ||
| Statement of Financial Activities | 4 | ||
| Balance Sheet | 5 | ||
| Notes to the Financial Statements | 6 | to | 9 |
| Detailed Statement of Financial Activities | 10 |
Stockton Tabernacle Bookshop Ltd
Report of the Trustees for the Year Ended 31 January 2021
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 January 2021. 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
Objectives and aims
The principal object of the Charity is the proclamation of the Christian Gospel by the promotion of Christian publications.
The trustees regularly review the objectives and activities of the charity and, as part of this review, they have considered the Charity Commission's general guidance on public benefit.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
The Trustees report that overall sales in 2020/21 have fallen by 64% on the previous period, due to the difficult market conditions.
FUTURE PLANS
The Trustees expect trading in 2021/22 to be at a higher level to 2020/21.
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
04297601 (England and Wales)
Registered Charity number
1092013
Registered office
Stockton Baptist Church Bishop Street The Square Stockton on Tees TS18 1TE
Trustees
Mr M Bare Ms H Bunce Mr A Brown Mr G Johnson Ms J Davison
Independent Examiner
JBC Accountants Limited Chartered Accountants 3B Lockheed Court Preston Farm Stockton on Tees TS18 3SH
Page 1
Stockton Tabernacle Bookshop Ltd
Report of the Trustees for the Year Ended 31 January 2021
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
........................................................................ Ms H Bunce - Trustee
Page 2
Independent Examiner's Report to the Trustees of Stockton Tabernacle Bookshop Ltd
Independent examiner's report to the trustees of Stockton Tabernacle Bookshop Ltd ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 January 2021.
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.
Mrs Lynne Dickson FCA JBC Accountants Limited Chartered Accountants 3B Lockheed Court Preston Farm Stockton on Tees TS18 3SH
Date: .............................................
Page 3
Stockton Tabernacle Bookshop Ltd
Statement of Financial Activities
(Incorporating an Income and Expenditure Account) for the Year Ended 31 January 2021
| 2021 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 16,077 Charitable activities Bookshop 18,856 Investment income 2 4 Total 34,937 EXPENDITURE ON Charitable activities Bookshop 33,062 NET INCOME/(EXPENDITURE) 1,875 RECONCILIATION OF FUNDS Total funds brought forward 25,670 TOTAL FUNDS CARRIED FORWARD 27,545 |
2020 Total funds £ 1,190 51,993 2 53,185 56,251 (3,066) 28,736 25,670 |
|---|---|
The notes form part of these financial statements
Page 4
Stockton Tabernacle Bookshop Ltd
Balance Sheet
31 January 2021
| 2021 Unrestricted fund Notes £ FIXED ASSETS Tangible assets 6 - CURRENT ASSETS Stocks 7 23,437 Debtors 8 940 Cash at bank and in hand 6,319 30,696 CREDITORS Amounts falling due within one year 9 (3,151) NET CURRENT ASSETS 27,545 TOTAL ASSETS LESS CURRENT LIABILITIES 27,545 NET ASSETS 27,545 FUNDS 11 Unrestricted funds 27,545 TOTAL FUNDS 27,545 |
2020 Total funds £ 305 23,606 441 5,860 29,907 (4,542) 25,365 25,670 25,670 25,670 25,670 |
|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2021.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2021 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.
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:
The notes form part of these financial statements
............................................. Ms H Bunce - Trustee
Page 5
Stockton Tabernacle Bookshop Ltd
Notes to the Financial Statements
for the Year Ended 31 January 2021
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
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery
- 33% on reducing balance
Stocks
Stocks have been valued at the lower of cost and estimated selling price less costs to sell.
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.
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.
Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
Page 6
continued...
Stockton Tabernacle Bookshop Ltd
Notes to the Financial Statements - continued for the Year Ended 31 January 2021
2. INVESTMENT INCOME
| INVESTMENT INCOME | ||
|---|---|---|
| 2021 | 2020 | |
| £ | £ | |
| Deposit account interest | 4 | 2 |
| NET INCOME/(EXPENDITURE) | ||
| Net income/(expenditure) is stated after charging/(crediting): | ||
| 2021 | 2020 | |
| £ | £ | |
| Depreciation - owned assets | 305 | 152 |
3. NET INCOME/(EXPENDITURE)
4. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 January 2021 nor for the year ended 31 January 2020.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 January 2021 nor for the year ended 31 January 2020.
5. STAFF COSTS
The average monthly number of employees during the year was as follows:
6.
| 2021 Administration 3 No employees received emoluments in excess of £60,000. TANGIBLE FIXED ASSETS Plant and Computer machinery equipment £ £ COST At 1 February 2020 and 31 January 2021 7,444 513 DEPRECIATION At 1 February 2020 7,184 468 Charge for year 260 45 At 31 January 2021 7,444 513 NET BOOK VALUE At 31 January 2021 - - At 31 January 2020 260 45 |
2020 5 Totals £ 7,957 7,652 305 7,957 - 305 |
2020 5 Totals £ 7,957 7,652 305 7,957 - 305 |
|---|---|---|
| 7,652 305 |
||
| 7,957 | ||
| - | ||
| 305 |
continued...
Page 7
Stockton Tabernacle Bookshop Ltd
Notes to the Financial Statements - continued
for the Year Ended 31 January 2021
| 7. | STOCKS | |||
|---|---|---|---|---|
| 2021 | 2020 | |||
| £ | £ | |||
| Stocks | 23,437 | 23,606 | ||
| 8. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| 2021 | 2020 | |||
| £ | £ | |||
| Other debtors | 856 | 381 | ||
| Prepayments | 84 | 60 | ||
| 940 | 441 | |||
| 9. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| 2021 | 2020 | |||
| £ | £ | |||
| Other loans (see note 10) | 2,000 | 2,000 | ||
| Trade creditors | 520 | 2,017 | ||
| Social security and other taxes | 1 | - | ||
| Accrued expenses | 630 | 525 | ||
| 3,151 | 4,542 | |||
| 10. | LOANS | |||
| An analysis of the maturity of loans is given below: | ||||
| 2021 | 2020 | |||
| £ | £ | |||
| Amounts falling due within one year on demand: | ||||
| Other loans | 2,000 | 2,000 | ||
| 11. | MOVEMENT IN FUNDS | |||
| Net | ||||
| movement | At | |||
| At 1/2/20 | in funds | 31/1/21 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 25,670 | 1,875 | 27,545 | |
| TOTAL FUNDS | 25,670 | 1,875 | 27,545 | |
| Net movement in funds, included in the above are as follows: | ||||
| Incoming | Resources | Movement | ||
| resources | expended | in funds | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 34,937 | (33,062) | 1,875 | |
| TOTAL FUNDS | 34,937 | (33,062) | 1,875 |
continued...
Page 8
Stockton Tabernacle Bookshop Ltd
Notes to the Financial Statements - continued for the Year Ended 31 January 2021
11. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Net | ||
|---|---|---|
| movement | At | |
| At 1/2/19 | in funds | 31/1/20 |
| £ | £ | £ |
| Unrestricted funds | ||
| General fund 28,736 |
(3,066) | 25,670 |
| TOTAL FUNDS 28,736 |
(3,066) | 25,670 |
| Comparative net movement in funds, included in the above are as follows: | ||
| Incoming | Resources | Movement |
| resources | expended | in funds |
| £ | £ | £ |
| Unrestricted funds | ||
| General fund 53,185 |
(56,251) | (3,066) |
| TOTAL FUNDS 53,185 |
(56,251) | (3,066) |
12. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 January 2021.
13. LEGAL STATUS OF THE CHARITY
The charity is a company limited by guarantee, has no share capital and is registered in England Wales. The charity's registered numbers and registered office address can be found within the Trustees Report.
Page 9
Stockton Tabernacle Bookshop Ltd
| INCOME AND ENDOWMENTS Donations and legacies Gifts Grants Investment income Deposit account interest Charitable activities Shop income Total incoming resources EXPENDITURE Charitable activities Wages Pensions Purchases (adj. for stock) Insurance Telephone Postage, staty & advertising Rates & water Sundries inc conference exp Travel & entertainment Accountancy fees Bank charges Support costs Other Plant and machinery Computer equipment Total resources expended Net income/(expenditure) |
Detailed Statement of Financial Activities for the Year Ended 31 January 2021 2021 2020 £ £ - 631 16,077 559 16,077 1,190 4 2 18,856 51,993 34,937 53,185 16,602 20,493 - 255 13,793 32,627 641 665 157 193 161 326 80 80 320 226 - 15 735 525 268 694 32,757 56,099 260 130 45 22 305 152 33,062 56,251 1,875 (3,066) |
|---|---|
This page does not form part of the statutory financial statements
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