# **THE ST JAMES THE LESS PRESERVATION TRUST TRUSTEES’ ANNUAL REPORT 1[ST] JANUARY – 31[ST] DECEMBER 2020** ## **Charity number:-** 1103639 ## **Address:-** Spring Bank Arts Centre, 6, St James’ Square, New Mills, High Peak, SK22 4BB ## **Trustees:-** Gillian Tomlinson Margaret Ritchie Alexander Bond Richard Binch Jane Cocking Dale Culliford Peter Gardner Paul Sharp ## **Structure:-** The charity has repaired and restored the little church of St James the Less, Spring Bank, New Mills, High Peak, SK22 4BB and has converted it into a community arts centre which trades as Spring Bank Arts. The centre hosts continuing regular arts events and offers rooms for hire. Numerous local groups hire out the rooms for activities such as yoga and art classes. The charity is run by the trustees with the assistance of 24 volunteers and employs a part time member of staff to manage the day to day administration of the building and the activities which take place there. A part time cleaner is also employed. No member of staff is paid in excess of £60,000. No trustee receives any payment in association with their role. When a trustee vacancy arises applications are invited from the local community and the Trustees vote on any applications. ## **Activities in 2020:-** Following a successful start to the year activities at St James the Less were suspended for a number of months due to Covid-19 regulations. Duringthe times that the centre could open some room hire took place and a limited number of events took place in line with Covid-19 guidelines and were much appreciated by the community members who were able to attend. ## **Financial review:-** The charity benefitted from the Covid-19 job retention scheme with respect to the cleaner. We also received a coronavirus grant to the value of £10,000. Full accounts are posted separately. **ENDS** Registered number: 05042903 ## THE ST JAMES THE LESS PRESERVATION TRUST DIRECTORS' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 Leathley & Co - Poynton Office Park Lane Business Centre 78 Park Lane Poynton Cheshire SK12 1RE The St James the Less Preservation Trust Directors' Report and Financial Statements For The Year Ended 31 December 2020 ## Contents ||Page| |---|---| |Company Information|1| |Directors' Report|2| |Accountant's Report|3| |Income and Expenditure Account|4| |Balance Sheet|5—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| The St James the Less Preservation Trust Company Information For The Year Ended 31 December 2020 |Directors|Mr Richard Binch| |---|---| ||Mr Alexander Bond| ||Ms Dale Culliford| ||Ms Margaret Le Messurier-Ritchie| ||Ms Gillian Tomlinson| ||Mrs Jane Cocking| ||Mr Peter Gardner| ||Mr Paul Sharp| |Company Number|05042903| |Registered Office|Spring Bank Arts Centre Spring Bank| ||New Mills| ||High Peak| ||Derbyshire| ||SK22 4BH| |Accountants|Leathley & Co - Poynton Office| ||AAT and IFA Member in Practice| ||Park Lane Business Centre| ||78 Park Lane| ||Poynton| ||Cheshire| ||SK12 1RE| Page 1 ## The St James the Less Preservation Trust Company No. 05042903 Directors' Report For The Year Ended 31 December 2020 The directors present their report and the financial statements for the year ended 31 December 2020. ## 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. ## Directors The directors who held office during the year were as follows: Mr Richard Binch Mr Alexander Bond Ms Dale Culliford Ms Margaret Le Messurier-Ritchie Ms Gillian Tomlinson Mr Norrie Williams RESIGNED 31/03/2020 Mrs Jane Cocking APPOINTED 07/11/2020 Mr Peter Gardner APPOINTED 04/04/2020 Mr Paul Sharp APPOINTED 07/11/2020 ## 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. On behalf of the board ## Mr Richard Binch Director 02/06/2021 Page 2 ## The St James the Less Preservation Trust Accountant's Report For The Year Ended 31 December 2020 I report to the trustees on my examination of the accounts of The St James the Less Preservation Trust (the Trust) for the year ended 31 December 2020. ## Responsibilities and basis of report As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’) and the Companies Act 2006. 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 the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. ## Independent examiner’s statement I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1. accounting records were not kept in respect of the Trust as required by section 130 of the Charities Act 2011 and section 386 of the Companies Act 2006; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 and 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 4. 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. ## Glenn C Leathley ## 02/06/2021 Leathley & Co - Poynton Office AAT and IFA Member in Practice Park Lane Business Centre 78 Park Lane Poynton Cheshire SK12 1RE Page 3 ## The St James the Less Preservation Trust Income and Expenditure Account For The Year Ended 31 December 2020 **----- Start of picture text -----**
2020 2019
Notes £ £
TURNOVER 16,149 43,808
Cost of sales (1,520) -
GROSS SURPLUS 14,629 43,808
Administrative expenses (28,607) (39,673)
Other operating income 10,410 -
OPERATING (DEFICIT)/SURPLUS AND
(3,568) 4,135
(DEFICIT)/SURPLUS FOR THE FINANCIAL YEAR
**----- End of picture text -----**
The notes on pages 7 to 8 form part of these financial statements. Page 4 ## The St James the Less Preservation Trust Balance Sheet As at 31 December 2020 **----- Start of picture text -----**
2020 2019
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 3 1,020,000 1,020,000
1,020,000 1,020,000
CURRENT ASSETS
Stocks 4 533 664
Debtors 5 246 5,334
Cash at bank and in hand 9,833 8,720
10,612 14,718
Creditors: Amounts Falling Due Within One 6 (305) (843)
Year
NET CURRENT ASSETS (LIABILITIES) 10,307 13,875
TOTAL ASSETS LESS CURRENT LIABILITIES 1,030,307 1,033,875
NET ASSETS 1,030,307 1,033,875
RESERVES
Revaluation reserve 7 1,010,300 1,010,300
Income and Expenditure Account 20,007 23,575
MEMBERS' FUNDS 1,030,307 1,033,875
**----- End of picture text -----**
Page 5 ## The St James the Less Preservation Trust Balance Sheet (continued) As at 31 December 2020 For the year ending 31 December 2020 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 ## Ms Margaret Le Messurier-Ritchie Director 02/06/2021 The notes on pages 7 to 8 form part of these financial statements. Page 6 ## The St James the Less Preservation Trust Notes to the Financial Statements For The Year Ended 31 December 2020 ## 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 is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. ## 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: ## Freehold ## 0% straight line basis ## 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. ## 2. Average Number of Employees Average number of employees, including directors, during the year was as follows: 1 (2019: 1) 3. Tangible Assets |Cost
As at 1 January 2020
As at 31 December 2020
Net Book Value
As at 31 December 2020
As at 1 January 2020
.
Stocks
Bar stock|2020
£
533
533|Land &
Property
Freehold
£
1,020,000
1,020,000
1,020,000
1,020,000
2019
£
664
664| |---|---|---| ## 4. Stocks Page 7 The St James the Less Preservation Trust Notes to the Financial Statements (continued) For The Year Ended 31 December 2020 ## 5. Debtors |Due within one year
Trade debtors
Other taxes and social security
.
Creditors: Amounts Falling Due Within One Year
Trade creditors
.
Reserves
As at 1 January 2020
As at 31 December 2020|2020
£
246
-
246
2020
£
305
305|2019
£
808
4,526
5,334
2019
£
843
843
Revaluation
Reserve
£
1,010,300
1,010,300| |---|---|---| 6. Creditors: Amounts Falling Due Within One Year 7. Reserves ## 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 The St James the Less Preservation Trust is a private company, limited by guarantee, incorporated in England & Wales, registered number 05042903. The registered office is Spring Bank Arts Centre Spring Bank, New Mills, High Peak, Derbyshire, SK22 4BH. Page 8 ## The St James the Less Preservation Trust Detailed Income and Expenditure Account For The Year Ended 31 December 2020 **----- Start of picture text -----**
2020 2019
£ £ £ £
TURNOVER
Subscriptions and donations 1,154 2,543
Room hire 5,551 17,387
Events 9,444 23,878
16,149 43,808
COST OF SALES
Opening stock 664 -
Bar supplies 1,090 -
Consumables 299 -
-
Closing stock (533)
-
(1,520)
GROSS SURPLUS 14,629 43,808
Administrative Expenses
Wages and salaries 11,522 10,805
Light, heat and water 3,272 2,464
Expensed equipment 469 1,657
Repairs, renewals and maintenance 3,950 1,034
Insurance 2,141 2,057
Events and sales 5,213 18,083
Accountancy fees 594 -
Licences and fees 318 2,135
Administration costs inc telecoms 1,128 1,438
(28,607) (39,673)
Other Operating Income
Job retention scheme income 410 -
Other coronavirus grant income 10,000 -
10,410 -
OPERATING (DEFICIT)/SURPLUS AND
(3,568) 4,135
(DEFICIT)/SURPLUS FOR THE FINANCIAL YEAR
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Page 9 ## **THE ST JAMES THE LESS PRESERVATION TRUST** **1[ST] JANUARY – 31[ST] DECEMBER 2020** ## **EXAMINER’S REPORT** The examiner’s report is included in page 3 of the accounts, posted separately.