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2023-05-31-accounts

HEUGH GUN BATTERY TRUST LIMITED

(A company limited by guarantee)

REPORT AND FINANCIAL STATEMENTS For the year ended 31 May 2023

Charity number 1106882

Company number 04774077

HEUGH GUN BATTERY TRUST LIMITED (A company limited by guarantee) TRUSTEES ANNUAL REPORT For the year ended 31 May 2023

The trustees are pleased to present their annual directors’ report together with the financial statements of the charity for the year ended 31 May 2023 which are also prepared to meet the requirements for a directors’ report and accounts for Companies Act purposes.

The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, and 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 2015)

OBJECTIVES AND ACTIVITIES

ACHIEVEMENTS AND PERFORMANCE

Spring and summer saw the museum return to full time activity and programme of 21 events for the year. The Poppy Tea Rooms reopened in February after the winter closure, and immediately saw the return of many regular visitors, pleased to be able to come back to enjoy the fresh baked cakes and scones. Our relationship with Dancing Goat Coffee has given us access to excellent coffee products and the addition of the second coffee machine gave us the ability to cope with what became a very busy summer and autumn for Poppy Tea Rooms.

1

HEUGH GUN BATTERY TRUST LIMITED (A company limited by guarantee) TRUSTEES ANNUAL REPORT For the year ended 31 May 2023

An evening Craft Fayre for local micro craft businesses in Poppy Tea Rooms

We had taken advantage of the Government Kickstart scheme and had taken on 2 staff, one for Poppy Tea Rooms and the other for the museum reception and Poppy Tea Rooms. At the end of the scheme in March, we were able to offer a part-time post to one of the Kickstart staff, who has since become an invaluable part of the team.

The museum continued with the Pay What You Decide Scheme for visitors, even on most event days where our costs allowed. This was to ensure that visitors could still come and enjoy their heritage even though the cost of living continued to rise and make leisure activities difficult for some families to afford. Celebrating the Jubilee allowed us to open the doors free for community street parties to take place – despite the weather. Again, on the sad occasion of the death of Her Majesty The Queen, the museum became a place where people gathered, without prompt, to mourn and pay their respects with other members of the community.

Visitors enjoying their Jubilee picnics

School visits have recovered strongly, the visit price remaining at £100 for a day visit for up to 30 pupils. We continued the 2 led workshop and 1 self-guided activity format as we struggled for volunteers to cover any more than this. Some schools did report that transport costs made a visit prohibitive and that they were keen to return but unable to pass on the cost to parents.

2

HEUGH GUN BATTERY TRUST LIMITED (A company limited by guarantee) TRUSTEES ANNUAL REPORT For the year ended 31 May 2023

A surprising success of the year were our regular book sales. Starting with a small donation of books, visitors have been very keen to leave a donation and take a book. We have taken many donations of books since starting the sales, and have raised over £1,400 from them.

We continued a really productive relationship with Lincoln University, working with a student who produced a digital exhibit for our website about one of the artillery pieces we hold on site. Our collections underwent an audit conducted by Peter Meehan and supported with funding from The Pilgrim Trust. This report has helped up to plan for a review of our entire collection, both documentation and objects, which will get underway in 2023.

Annual commemoration of the Bombardment of the Hartlepools, 16[th] December

A visit from historic England led to serious discussions about urgent repairs needed for the site, particularly across the Scheduled Monument area of the museum. This led to an application for funding from Historic England at the end of 2022, and the appointment of Xcite Architecture to do extensive surveys of the site to inform a plan for repair, with a view to applying to the Arts Council MEND Fund in 2023.

Some of the ongoing deterioration of the Scheduled Monument

In January, the manager joined Heritage Compass, a national training programme, which offers a 12 month programme of training and mentorship in key areas of arts and heritage management. The training will help reinforce how we are working here at the Trust, and shine a light onto new areas we can try.

3

HEUGH GUN BATTERY TRUST LIMITED (A company limited by guarantee) TRUSTEES ANNUAL REPORT For the year ended 31 May 2023

The Board is hopeful that this will be a pivotal year for the organisation and that the structure and plans that are coming into place will take us forward into a strong position next year to access funding to take the first major steps towards our long-term vision in 2023/24.

FINANCIAL REVIEW

Heugh Gun Battery Trust Limited principle funding source is museum admissions and café income. Other significant funding comes from grants received from Hartlepool Borough Council, The National Lottery Heritage Fund and The Arts Council.

The total income for the period was £168,530 (2022: £130,035). This income is allocated across respective funds on the Statement of Financial Activities in accordance with the Statement of Recommended Practice.

The Statement of Financial Activities for the period ended 31 May 2023 shows a net expenditure across all funds of -£3,593 (2022: -£20,558).

The Balance Sheet at 31 May 2023 shows total funds carried forward of £136,266 (2022: £139,859) of which there are £23,244 restricted funds (2022: £8,607).

Reserves policy

Heugh Gun Battery Trust Limited has maintained a level of free reserves (reserves not invested in tangible fixed assets) over the years, currently £19,747 to meet the working capital requirements of the charity in the event of a significant drop in funding. It has established a policy whereby the unrestricted funds held by the charity should be between 3 and 6 months of annual expenditure. At 31 May 2023 reserves fall short of this level. The trustees are aware of this and are committed to building up free reserves, with planned operational surpluses.

PLANS FOR FUTURE PERIODS

PUBLIC BENEFIT STATEMENT

The Trustees have referred to the Charity Commission's guidance on public benefit when reviewing the charity's objectives and planning its future activities. This annual report will aim to demonstrate the link between our charitable activity and how this benefits our service users.

4

HEUGH GUN BATTERY TRUST LIMITED (A company limited by guarantee) TRUSTEES ANNUAL REPORT For the year ended 31 May 2023

REFERENCE AND ADMINISTRATIVE DETAILS

Charity Name Heugh Gun Battery Trust Limited
Registered 1106882
Charity Number
Company 04774077
Number
Registered Office Heugh Battery Moor Terrace
and operational The Headland
address Hartlepool
Cleveland
TS24 0PS
Trustees Mr J R Keeton
Mr H Deer Appointed 19/07/2023
Ms G Ptak Appointed 19/07/2023
Mr D Worthington Resigned 30/01/2023
Independent Michelle Wright
Examiner MW Accounting, Bookkeeping & Training
Woodgate House
Wood Street
Gateshead
NE11 9NP

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing documents

The organisation is a charitable company limited by guarantee, incorporated on the 23 May 2003 and 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.

Appointment of Trustees

The directors of the company are also charity trustees for the purpose of charity law and under the company’s Articles. Trustees are elected at the AGM and can serve more than one term. Interested possible new trustees are encouraged to attend trustee meetings.

Organisation

All of the trustees meet every month and deal with the administration of the charity to ensure that Heugh Gun Battery Trust Limited has a clear vision and strategy for the future, and to monitor the performance against plans, to support the management and staff team, and to oversee financial accountability and risk management.

The operational management of the organisation is undertaken by the paid staff team.

5

HEUGH GUN BATTERY TRUST LIMITED (A company limited by guarantee) TRUSTEES ANNUAL REPORT For the year ended 31 May 2023

Risk management

The trustees have conducted a review of the major risks to which the charity is exposed and systems have been established to mitigate those risks including the implementation of procedures for authorisation of all transactions and projects and for ensuring the consistent quality of the delivery of all operational aspects of the charitable company. These procedures are periodically reviewed to ensure that they still meet the needs of the charity.

TRUSTEES’ RESPONSIBILITIES IN RELATION TO THE FINANCIAL STATEMENTS

The trustees, who are also directors for the purposes of company law, are responsible for preparing the Trustees’ Annual Report and the Financial Statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company Law requires the trustees to prepare financial statements for each financial year which show the state of affairs of the charitable company and of incoming resources and application of resources, including the income and expenditure of the charitable company for that year. In preparing those financial statements, the trustees are required to:

The trustees are responsible for keeping accounting records that disclose with reasonable accuracy at any time the financial position of the charitable 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 charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

This report was approved by the Trustees on: ________

and signed on their behalf by: ________

Ralph Keeton

Trustee

6

HEUGH GUN BATTERY TRUST LTD

(A company limited by guarantee)

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES

For the year ended 31 May 2023

I report on the financial statements of Heugh Gun Battery Trust Ltd for the year ended 31 May 2023, which are set out on pages 8 to 18.

Respective responsibilities of trustees and examiner

The charity's trustees (who are also directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 ("the Charities Act) and that an independent examination is needed.

Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:

Basis of independent examiner's statement

My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.

Independent examiner's statement

In connection with my examination, no material matters have come to my attention which gives me cause to believe that in, any material respect:

I 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.

Michelle Wright MW Accounting, Bookkeeping & Training Woodgate House Wood Street Gateshead NE11 9NP Date:

7

HEUGH GUN BATTERY TRUST LTD

(A company limited by guarantee)

STATEMENT OF FINANCIAL ACTIVITIES

(INCLUDING SUMMARY INCOME & EXPENDITURE ACCOUNT)

For the year ended 31 May 2023

6
7
Other trading activities
8
Expenditure on:
10
Total funds carried forward
Reconciliation of funds
Total funds brought forward
Notes
Total income
Donations and legacies
Income from:
Charitable activities
Grants and contracts
Operation of the charity
Total expenditure
Net movement of funds
Charitable activities		 Unrestricted
Funds
£
14,841
16,539
103,186
135,122
153,351
153,351
( 18,229 )
131,251
113,022		 Restricted
Funds
£
-
33,408
-
33,408
18,772
18,772
14,636
8,607
23,244		 Total
2023
£
14,841
49,947
103,186
168,530
172,123
172,123
( 3,593 )
139,859
136,266		 Total
2022
£
7,816
42,807
79,387
130,035
150,592
150,592
( 20,558 )
160,417
139,859

The Statement of Financial Activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities

The notes on pages 10 to 18 form an integral part of these accounts.

8

Charity Number 1106882 Company Number 04774077

HEUGH GUN BATTERY TRUST LTD

(A company limited by guarantee)

BALANCE SHEET

As at 31 May 2023

Fixed assets
Tangible assets
17
Total fixed assets
Current assets
Stock
5
Debtors
19
Cash at bank and in hand
20
Total current assets
Creditors:amounts falling due within
one year
21
Net current assets
Total assets less current liabilities
Total net assets or liabilities
Funds of the charity
Unrestricted income funds
Restricted income funds
Total funds
Notes		 £
1,146
1,595
49,503
52,243
( 9,253 )		 Total
2023
£
93,275
93,275
42,990
136,266
136,266
113,022
23,244
136,266		 £
1,146
1,528
52,727
55,400
( 12,798 )		 Total
2022
£
97,257
97,257
42,602
139,859
139,859
131,251
8,607
139,859

The company was entitled to an exemption from audit under s477 of the Companies Act 2006 relating to small companies.

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 Companies Act with the respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to small companies subject to the small companies regime and in accordance with FRS102 SORP.

The notes on pages 10 to 18 form an integral part of these accounts.

These financial statements were approved by the Board on:

and are signed on its behalf by:

Ralph Keeton Trustee

9

HEUGH GUN BATTERY TRUST LTD

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 May 2023

1 Accounting Policies

The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows:

2 Basis of accounting

2.1 Basis of preparation

These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.

The accounts have been prepared in accordance with 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 2015) – Charities SORP (FRS 102), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.

Heugh Gun Battery Trust Ltd meets the definition of a public benefit entity under FRS 102.

2.2 Preparation of the accounts on a going concern basis

The charity reported total unrestricted funds at the year end of £113,022 and has already secured a significant amount of funding for the current year. The trustees are of the view that the immediate future of the charity for the next 12 to 18 months is secure and that on this basis the charity is a going concern.

The financial statements have been prepared on a going concern basis. In making their assessment the trustees have reviewed and considered relevant information, including their annual budget and future cash flows. In response to the COVID-19 pandemic, the trustees have revised their forecasts to take into account measures that they can take with the current resources available to mitigate the impact of the current adverse conditions. The trustees are of the view that the immediate future of the charity for the next 12 months is secure and that on this basis the charity is a going concern.

3 Income

3.1 Recognition of income

Income is recognised when the charity has entitlement to the resources, any performance conditions attached to the item(s) of income have been met, it is more likely than not that the resources will be received and the monetary value can be measured with sufficient reliability

3.2 Offsetting

There has been no offsetting of assets and liabilities, or income and expenses, unless required or permitted by FRS102 SORP or FRS102.

3.3 Grants and donations

Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the charity has entitlement to the funds, any 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.

Income received in advance of the provision of a specified service is deferred until the criteria of income recognition are met.

10

HEUGH GUN BATTERY TRUST LTD

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 May 2023

3.4 Donated goods and services

Donated goods are measured at fair value (the amount for which the asset could be exchanged) unless impractical to do so.

Donated services and facilities are included in the SoFA when received at the value of the gift to the charity provided that the value of the gift can be measured reliably. Donated services and facilities that are consumed immediately are recognised as income with the equivalent amount recognised as an expense under the appropriate heading in the SoFA.

3.5 Volunteer help

The value of volunteer help received is not included in the accounts but is described in the trustees' annual report.

3.6 Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank.

3.7 Income from membership subscriptions

Membership subscriptions received in the nature of a gift are recognised in donations and legacies.

Membership subscriptions which gives a member the right to buy services or other benefits are recognised as income earned from the provision of goods and services as income from charitable activities.

3.8 Investment gains and losses

This includes any realised or unrealised gains or losses on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year.

3.9 Fund accounting

Unrestricted funds are available to spend on activities that further any of the purposes of the charity. Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose. Restricted funds are donations which the donor has specified are to be solely used for particular areas of the charity's work or for specific projects being undertaken by the charity.

4 Expenditure and liabilities

4.1 Liability recognition

Liabilities are recognised when it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty.

4.2 Charitable activities

Expenditure on charitable activities includes the costs of running the museum and other activities undertaken to further the purposes of the charity and their associated support costs.

11

HEUGH GUN BATTERY TRUST LTD

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 May 2023

4.3 Governance and support costs

Support costs have been allocated between governance cost and other support. Governance costs comprise all costs involving public accountability of the charity and its compliance with regulation and good practice.

Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources.

4.4 Irrecoverable VAT

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

4.5 Creditors

The charity has creditors which are measured at settlement amounts less any trade discounts.

4.6 Provisions for liabilities

A liability is measured on recognition at its historical cost and then subsequently measured at the best estimate of the amount required to settle the obligation at the reporting date.

5 Assets

5.1 Tangible fixed assets for use by the charity

Individual fixed assets costing £250 or more are capitalised at cost and are depreciated over their estimated useful economic lives on a straight line basis as follows:

Office equipment Straight line over four years Furniture & fixtures Straight line over four years Heritage assets Straight line over life of asset

12

HEUGH GUN BATTERY TRUST LTD

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 May 2023

Analysis of income

6
7
8
9		 Donations and legacies
Charitable activities
Income from grants and contracts
Newcastle City Council
Other grants received
Other income
Other trading activities
Site hire
Income from investments
Café income
School visits
Donations
Gift aid
Museum admissions
Bank interest
Hartlepool Borough Council
Tees Valley Community Foundation
Historic England
Arts Council
Other income
Shop income		 Unrestricted
Funds
£
14,841
-
14,841
-
3,700
-
-
7,238
1,882
3,720
16,539
27,740
6,778
64,337
460
3,870
103,186
556
556		 Restricted
Funds
£
-
-
-
-
-
33,408
-
-
-
-
33,408
-
-
-
-
-
-
-
-		 Total
2023
£
14,841
-
14,841
-
3,700
33,408
-
7,238
1,882
3,720
49,947
27,740
6,778
64,337
460
3,870
103,186
556
556		 Total
2022
£
6,316
1,500
7,816
2,750
-
-
6,058
-
24,957
9,042
42,807
20,892
5,864
50,803
-
1,828
79,387
23
23

Income was £168,530 (2022: £130,035) of which £135,122 was unrestricted or designated (2022: £123,977) and £33,408 was restricted (2022: £6,058)

13

HEUGH GUN BATTERY TRUST LTD

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 May 2023

Analysis of expenditure on charitable activities

10 Charitable activities
Direct costs
Support costs
Governance costs
Purchases
Staff costs
Legal and professional fees
Bank charges
Independent examiner's fees for reporting on
the accounts
Advertising
Heating and light
Depreciation
Other support costs
Telephone
Small equipment
Repairs and renewals
Printing, postage and stationery
Insurance		 Unrestricted
Funds
£
24,150
81,912
202
454
3,607
2,638
2,034
203
4,946
3,982
9,346
525
796
18,558
153,351		 Restricted
Funds
£
-
-
-
-
-
-
-
-
-
-
-
-
-
18,772
18,772		 Total
2023
£
24,150
81,912
202
454
3,607
2,638
2,034
203
4,946
3,982
9,346
525
796
37,330
172,123		 Total
2022
£
18,196
65,953
726
477
2,747
3,140
1,804
60
45,695
4,423
1,106
500
1,300
4,465
150,592

Expenditure on charitable activities was £172,123 (2022: £150,593) of which £153,351 was unrestricted or designated (2022: £93,592) and £18,772 was restricted (2022: £57,001)

11 Fees for examination of the accounts

Other accountancy services paid to the examiner
Independent examiner's fees for reporting on the accounts		 2023
£
500
100
600		 2022
£
500
-
500

14

HEUGH GUN BATTERY TRUST LTD

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 May 2023

12 Analysis of staff costs and the cost of key management personnel

Pension costs (defined contribution pension plan)
Salaries and wages		 2023
£
78,165
2,683
80,847		 2022
£
64,946
1,007
65,953

No employee received remuneration above £60,000 (2022: nil)

The key management personnel of the charity, comprise the trustees and the Managing Director. The total employee benefits of the key management personnel of the charity were £28,026.

13 Staff numbers

The average monthly head count was 4 staff (2022: 3 staff) and the average monthly number of full-time equivalent employees during the year were as follows:

The parts of the charity in which the employee's work
Charitable activities		 2023
Number
4.0
4.0		 2022
Number
3.0
3.0

14 Transactions with trustees

None of the trustees have been paid any remuneration or received any other benefits from an employment with their charity or a related entity.

Trustees' expenses

No trustee expenses have been incurred in the year.

Transaction(s) with related parties

There have been no related party transactions in the reporting period.

15 Defined contribution pension scheme

The charity operates a defined contribution pension scheme.The assets of the scheme are held separately from those of the charity in an independently administered fund.

The employer's pension costs represent contributions payable by the charity to the fund and amount to £2,683 (2022: £1,007). There was £266 outstanding as at 31 May 2023 (2022: £206)

16 Corporation Taxation

The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objectives.

15

HEUGH GUN BATTERY TRUST LTD

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 May 2023

Office
Equipment
17 Tangible fixed assets
£
Cost
Balance brought forward
3,554
Additions
-
Disposals
-
Balance carried forward
3,554
Depreciation
Basis
SL
Rate
25%
Balance brought forward
960
Depreciation charge for year
889
Disposals
-
Balance carried forward
1,849
Net book value
Brought forward
2,594
Carried forward
1,705
18
19 Debtors and prepayments (receivable within 1 year)
20
Bank accounts and cash in hand
Cash at bank and in hand
Accrued income
Gift shop stock
Stock
Café stock
Other debtors		 Fixtures &
Fittings
£
8,063
-
-
8,063
SL
25%
7,261
802
-
8,063
803
0
2023
£
651
495
1,146
2023
£
1,500
94
1,595
2023
£
49,503
49,503		 Heritage
assets
£
114,463
-
-
114,463
SL
2%
20,602
2,291
-
22,893
93,861
91,570
2022
£
651
495
1,146
2022
£
1,500
28
1,528
2022
£
52,727
52,727		 Total
£
126,080
-
-
126,080
28,823
3,982
-
32,805
97,257
93,275

16

HEUGH GUN BATTERY TRUST LTD

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 May 2023

21 Creditors and accruals (payable within 1 year)

reditors and accruals (payable within 1 year)
Pension
Other accruals
Independent examination of accounts
Other creditors
Social security and other taxes
Accruals		 2023
£
483
266
500
1,000
7,004
9,253		 2022
£
419
206
500
4,742
6,930
12,798

22 Events after the end of the reporting period

No events (not requiring adjustment to the accounts) have occurred after the end of the reporting period but before the accounts are authorised which relate to conditions that arose after the end of the reporting period.

23 Analysis of charitable funds

Analysis of movements in unrestricted funds

Unrestricted funds
General unrestricted fund
Totals		 Fund
balances
brought
forward
£
131,251
131,251		 Incoming
resources
£
135,122
135,122		 Resources
expended
£
( 153,351 )
(153,351)		 Transfers
£
-
-		 Fund
balances
carried
forward
£
113,022
113,022

Purpose of unrestricted funds

General unrestricted fund The 'free reserves' of the charity

Analysis of movement in restricted funds

Restricted funds
Historic England
The Arts Council
Totals		 Fund
balances
brought
forward
£
-
8,607
8,607		 Incoming
resources
£
33,408
-
33,408		 Resources
expended
£
( 18,772 )
-
(18,772)		 Transfers
£
-
-
-		 Fund
balances
carried
forward
£
14,636
8,607
23,244

Purpose of restricted funds

Restricted funds represent income resources used for a specific purpose within the charity as identified by the donor.

Historic England The Arts Council

To fund restoration work

To fund core costs and urgent restoration work

17

HEUGH GUN BATTERY TRUST LTD

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 May 2023

24 Capital commitments

As at 31 May 2023, the charity had no capital commitments (2022 -£nil)

25 Analysis of net assets between funds

nalysis of net assets between funds
Tangible fixed assets
Other net current assets/(liabilities)
Cash at bank and in hand		 Unrestricted
Funds
£
93,275
26,259
( 6,512 )
113,022		 Restricted
Funds
£
-
23,244
-
23,244		 Total
2023
£
93,275
49,503
( 6,512 )
136,266		 Total
2022
£
97,257
52,727
( 10,124 )
139,860

18