Registered number.. 05097958 THE BACUP CONSORTIUM TRUST UNAUDrrED ACCOUNTS FOR THE YEAR ENDED 3110312024 Prepared By.. FIELDING ACCOUNTANTS LIMITED ACCOUNTANTS 73 BANKSIDE LANE BACUP LANCASHIRE OL13 8HP THE BACUP CONSORTIUM TRUST ACCOUNTS FOR THE YEAR ENDED 3110312024 DIRECTORS T Bell R Callaghan-Heeks K Kelty K McCl8llend K Naylor R Wallwork K Crompton-Hath8 B Millward REGISTERED OFFICE stubbylee Communlty Greenhouses Slubby166 Lane Bacup Lancashlre OL13 ODD COMPANY DETAILS Private company limited by guaranl8e regist8red In EW- England and Wale5, registered number 05097958 ACCOUNTANTS FIELDING ACCOUNTANTS LIMITED ACCOUNTANTS 73 BANKSIDE LANE BACUP LANCASHIRE OL13 8HP page 1 THE BACUP CONSORTIUM TRUST ACCOUNTS FOR THE YEAR ENDED 3110312024 coMrENTS Page Direclors, Report Accountants. Report ststement OF Compr8hensive Income Balance Sheet Notes To The Accounts The following do not form part of the statutory financlal statements: Trad5ng And Profit And Loss Account Profil And Loss Account Summaries 12 page 2 THE BACUP CONSORTIUM TRUST DIRECTORS. REPORT FOR THE YEAR ENDED 3110312024 The directors present their report and acc¥>unts for the year ended 3110312024 PRINCIPAL ACTivrriES The principal activty ol the company during the year was the promotion for the public benefft of urban andlor rural regeneration in areas of soclal and economSc depdvallon. and In partlcular In the OL13 area. DIRECTORS The directors who held office during thg year and up to the date of signature of the accounts were as follows: T Bell R Callaghan-H8eks K Kg11 K Naylor R Wallwork K Crompton-Harrls B Millward STATEMENT OF DIRECTORS RESPONSIBILITIES The dlrectors are responslbl8 for preparfng the Dlrectors, Report and the flnanclal statements In accordance with appllcablg law and regulatlon. Company law rEquire$ tho dlrectors to prepare fina￿181 3tatornents for eath finanoal year. Under that law the d1￿ctorS have elected to prepare the financial statement8 in accordance wlth Unlted Klngdom Generally Accepted A¢countlng Practlce (Unlt8d Klngdom Accounllng Standards and appllcable law). Under company law the directors must not approve the flnanclal statements unless they are satisfied ihal they give a true and fair view of the State of affairs of the company and of the profil or loss of the cornpany for that pedod. In preparing these financlal ststements the dlrectOTS are requlred to.. Select guilable accounting policies and then apply tham consSstently: - Make Judgements and ac¢ountSng estlmate8 that are reasonable and PTud8nl" - P￿Pare the flnancial statements on the going u)ncem basis unless it is inappropriate to presume that the company wlll continue in buslne88. The dlrectors are responsSble for keeping adequate accounting records that tfisdose wllh reasonable accuracy at any Ilme the flnan¢ial posltion of the ¢ompany and enable them to ensure that the financial statements comply wlth the Companles Act 2006. They are also responsible for safeguarding the assets of the company henc8 for taking reasonable steps for the pravenlion and detectlon of fraud and other Irregularftles The report of the dlrectors has been prepared In a¢¢ordan¢e wlth the special provlslons wllhln Part 15 of the Companles AGt 2006. This report was approved by the board on 1111212024 page 3 THE BACUP CONSORTIUM TRUST DIRECTORS, REPORT FOR THE YEAR ENDED 3110312024 R WalSwork Director page 4 THE BACUP CONSORTIUM TRUST ACCOUNTANTS, REPORT TO THE 80ARD OF DIRECTORS ON THE UNAUDrrED ACCOUNTS OF THE BAGUP CONSORTIUM TRUST. FOR THE YEAR ENDED 3110312024 In order to assist you to fulfil your duties under the C(Knpanies Acl 20(￿. we have prepared for your approval the accounts of THE BACUP CONSORTIUM TRUST for the year ended 3110312024 as 58t out pages 6 to 10 from the companys accounung records and from information and explanations you have given us. Thi8 report is made solely to th8 Board of Directors of THE BACUP CONSORTIUM TRUST . as a body, In accordance wlth the tenns of our engagement, Our work has been undertaken solely to preparè for your approval the accounts of THE BACUP CONSORTIUM TRUST and state those mattérs that we have agreed to slate to the Board of Dlrectors of THE BACUP CONSORTIUM TRUST , as a body. To the fullest extent pemiitted by law. we do not 8￿pt or assume responsibilty to anyone olher than THE BACUP CONSORTIUM TRUST and its Board of Directors as a body for our work or for thls reporL It is your duty to ensure that THE BACUP CONSORTIUM TRUST has kept adequate accounting records and to prepare statutory accounts that glve a true and fair view of the assets. li8biNtles. financial position and profitabilty of THE BACUP CONSORTIUM TRUST . You consider that THE BACUP CONSORTIUM TRUST is exempt from the statutory audll requlram8nt for the year. We have not been InslTUCted to cary out an audlt or a revlew of the accounts ofTHE BACUP CONSORTIUM TRUST. For thls reason, we have not verified the accuracy or completeness of the accounting reGords or Information and explanatlons you have yiven to us anfj we do not. therefore. express any opinion on Ihe 5talutory ac￿unts. FIELDING ACCOUNTANTS LIMITED ACCOUNTANTS 73 BANKSIDE LANE BACUP LANCASHIRE OL13 8HP 1111212024 page 5 THE BACUP CONSORTIUM TRUST BALANCE SHEEf AT 3110312024 2024 2023 Notes FIXED ASSETS Tanglble assets CURRENT ASSETS Stock Deblors 18.375 15.079 2,485 1,979 6,552 23,781 32.312 17,687 Cash at bank and In hand 75,778 83,243 42.111 CREDrroRS: Amounls fairing due withln one year NET CURRENT A88ET8 TOTAL ASSETS LESS CURRENT LIABILrriES 41,132 59,507 14,625 29,704 CAPITAL AND RESERVES Profil and1083 account SHAREHOLDERS. FUNDS 59,507 29.704 59,507 29,704 For Ihe year ending 3110312024 the company was entilled lo exemption under Secti(￿ 477 of the Companie8 Act 2006 relating to small companies. The members have not requlred th8 ￿MpanY to obtsin an audit In accordance wlth sectlon 476 of tho Companies Act 2006. The direclors acknowledge theSr responsibiltknes for complying with the requrements of the knt wllh respect to accounting records and the preparatlon of accounts. These accounts have been wepared and delivered in accordance With th8 provlslons 8pplicabl8 to compan￿$ subject lo th8 small Gompanles reglme. Approved by the board on 1111212024 and signad on th•lr b•half by R Wallwork Director page 7 THE BACUP CONSORTIUM TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 3110312024 1. AccouNfiNG POLICIES la. Basls Of Accountlng The accounts have been prepared under the historical cost convention. The a￿oUnt8 have been prepared In accordance with FRS102 sectlon 1A- Th8 Financial Reporttng Standard appllGable in the UK and Republic of Ireland and the Companies Act 2006 . 1b. D•pre¢iatlon D8preciatlon has been provlded at the followlng rates in order to wrfte off the as8ets over their estlrnated useful Ilves. Plant and Machinery reducing balance 25% Equipment reduGing balance 25% 1c. Sto¢k8 Stocks are stated at Ihe lower of cost and estimated selllng price less cosls to complete and sell (net reallsable value). Costs, whlch comprlse dlrect productlon costs. are basad on the melhod most appropriate to the type of Inventory class, but usually on a firsl.In-flrst-out basis. Ovarheads are chÉrged to profit or loss as incurred. Net realisable value18 based on the estimated salllng price less any estlmaled complotlon or selling costs. When stock5 are sold, the carrylng amount of those slocks 1$ recognlsed as an expense In the p8rfod In which the related revenue is recognlsed. The amount of any WrIte-do￿ of stocks to net reallsable value and all losses of stocks are recognlsed as an expense in the period In which fhe wrile4own or loss occurs. The amount of any reversal of any wrfle-dDwn of stocks Is recognlsed as a reduction In the amount of stocks recognls8d as an expense in the period in which the reversal occurs. 1d. Panslon Costs The company operatss a deflned contribullon pen8lon scheme. The ponslon charge repre8ents the 8maunts payable by th8 company to the lund in respect of the year. 14. Turnover Turnover represents the Invoiced value of goods and s8rvlees supplled by the company. net of value added lax and trado dl8count$. page 8 THE BACUP CONSORTIUM TRUST 2. EMPLOYEES 2024 No, 2023 Average numb8r of employees 3. PENSION CONTRIBUTIONS 2024 2023 staff pgnslon contrlbutlons 3.046 3.04 3,165 3,165 4. TAX ON ORDINARY ACTIVITIES 2024 2023 The company is exempt from corporatlon tax, 51 belng a company not carying on a business for the purposes of making a profit. 5. TANGIBLE FIXED ASSETS Plant and Machlnery Equlpment Total Cost AI 0110412023 Addlllons 17.254 9.420 26,674 3,917 21,171 9,420 30,591 At 3110312024 Depreclatlon At 0110412023 Fortha y68r At 3110312024 Nat Book Amounts At 3110312024 At 3110312023 3.917 4.840 5,508 10.148 1.452 616 2,068 6,092 6,124 12.216 16,526 12,614 1.849 2.465 18.375 15.079 page 9 THE BACUP CONSORTIUM TRUST 6. STOCK 2024 2023 stock comprises: Stock 2,485 2,485 1,979 1,979 7. DEBTORS 2024 2023 Amounts falllng due wlthln one y8ar Trade debtors 2.740 2,240 4,980 2.392 4,160 6,552 Prepayments 8. CREDITORS: AMOUNTS FALUNG DUE vwrrHIN ONE YEAR 2024 2023 PAYE creditor Loan Trade credltors Accruals 3.540 30.000 6.650 1.921 42,11a 4,168 7,215 6,304 17,687 page 10 THE BACUP CONSORTIUM TRUST STATEMEKf OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 3110312024 Notss 2024 2023 TURNOVER 229,082 182,487 35.075) 34.638 194,007 147,849 (164,309) (148,449) 29.698 (600) 105 29.803 Cost of sales GROSS PROFIT Administrative expenses OPERATING PROFIT I (LOSS) Interest receivable and similar income PROFIT I (LOSS) QN QRDINARY ACTIVITIES BEFORE TAXATION PROFIT I (LOSS) ON ORDINARY ACTMTIES AFfER TAXATION (5421 (542) 29,803 page 6 THE BACUP CONSQRTIUM TRUST TRADING AND PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 3110312024 2024 2023 Turnover 229,082 1 182,487 Cost of Sal8S'. Stock at 3110312023 Purchas&s 1,979 35,581 37,560 2,485 1,594 35,023 36,617 1,979 stock at 3110312024 35.075 194.007 194,007 34,638 147,849 147,849 Gross Profit Less: Admlnistralive expenses Interest recelvable and similar Sncome 164,309 105 148,449 58 164,204 29.803 29.803 29,704 59,507 148,391 542) 1542) 30,246 29,704 Net profll l (lossl for the year before taxation Net profil l (lossl for the year after iaxation Rgtslned profits brought foThvard Retained profiis carrled loThvard Thls page does not fomi part of Ihe Gompanl8 Ststutory Accounts and Is prepared for the infomiatlon of the Dlrectors only. page11 THE BACUP CONSORTIUM TRUST PROFIT AND LOSS ACCOUNT SUMMARIES FOR THE YEAR ENDED 3110312024 2024 2023 Cost of sales . purchases: Cafe food Cafe kltchen Gosts other cost of sales 33,062 336 2,183 35,581 30,358 992 3,673 35,023 Admlnlslrat1￿ Expenses. Heat and light Repairs and malntenance Administrative staff salaries Employer naUonal insurance ￿ntrIbutionS Subcontract labour staff pension contributions staff tralning Compuler software and Ncences Accountancy fees Leg81 and professlonal fees Insurance Prlnllng, poslage and stallonery Telephone and Inlemet Bank and paypal ch8rg8S Sundry expenses D•praclation and Amorti8atlon: Depredatlon 24,641 12,166 81,236 1,190 18.729 3.046 3,651 3,702 620 198 2,051 2,312 2,951 968 724 9,542 8,433 87,979 1,979 22,311 3,165 504 2,847 750 1,988 530 2,044 962 3B8 6,124 164,309 5,027 148.449 This pag8 does not fomi part of thè Companls Ststutory Accounts and is prepared for the infomiation of the Directors only. p￿Je 12