BAKEWELL TOWN & COMMUNITY TRUST
COMPANY LIMITED BY GUARANTEE
FINANCIAL STATEMENTS FOR 31 DECEMBER 2022
Company Registration Number 5687413 Charity Number 1113707
DERBY COMMUNITY ACCOUNTANCY SERVICE
Babington Lodge 128 Green Lane Derby DE1 1RY
BAKEWELL TOWN & COMMUNITY TRUST COMPANY LIMITED BY GUARANTEE
FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2022
| Contents | Page |
|---|---|
| Members of the board and professional advisers | 1 |
| Trustees’ annual report annual report | 2-5 |
| Independent Examiner’s Report | 6 |
| Statement of financial activities | 7 |
| Balance sheet | 8 |
| Notes to the financial statements | 9-17 |
BAKEWELL TOWN & COMMUNITY TRUST COMPANY LIMITED BY GUARANTEE
TRUSTEES’ ANNUAL REPORT
YEAR ENDED 31 DECEMBER 2022
The Board of Trustees
The Directors of the charitable company (the Charity) are its Trustees for the purpose of Charity Law and throughout this report are collectively referred to as the trustees.
Directors Mrs. H. K. Horrod Mr. M. J. R. Horrod Mrs P. E. Lunn Mrs. G. J. Nelson (appointed July 2022) Company secretary Mrs P. E. Lunn Registered office Riversdale Farm, Coombs Road, Bakewell, DE45 1AR Trading Address Bakewell Town Hall The Square Bakewell DE45 1BT Independent Examiner Derby Community Accountancy Service Babington Lodge 128 Green Lane Derby DE1 1RY
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BAKEWELL TOWN & COMMUNITY TRUST COMPANY LIMITED BY GUARANTEE
TRUSTEES’ ANNUAL REPORT
YEAR ENDED 31 DECEMBER 2022
The Trustees, who are also Directors for the purposes of the Companies Act, have pleasure in presenting their report and the unaudited financial statements of the charity for the year ending 31 December 2022.
STRUCTURE , GOVERNANCE AND MANAGEMENT
Governing document
Bakewell Town and Community Trust is a company limited by guarantee governed by its Memorandum and Articles of Association dated 5 December 2005. It was registered at Companies House on 25 January 2006 and was registered as a charity with the Charity Commission on 7 April 2006. Membership of the Trust is open to anyone over 18 years of age and local organisations within Bakewell and surrounding area. Members agree to contribute £10 in the event of the charity being wound up.
Trustees
The Trustees are charged with taking forward the management and maintenance of Bakewell Town Hall as a public asset managed and refurbished through a charitable organisation.
Under the Memorandum and Articles of Association one-third of the Directors are required to retire at each annual general meeting.
Trustee Induction and Training
All trustees have been provided with information packs on their roles and responsibilities and are encouraged to attend appropriate external training events.
Organisation
The Board of Trustees administers the Charity. It meets regularly and is supported by staff and volunteers.
Risk Management
The Trustees have recognised risks that the Charity may face in relation to the implementation of the business plan.
OBJECTIVES AND ACTIVITIES
The objects of the charity are:
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A. To preserve and restore for the benefit of the Public the Bakewell Town Hall, being of constructional, architectural or historical heritage.
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B. To advance education and to provide or assist in the provision of facilities in the interest of social welfare for recreation or other leisure time occupation of
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BAKEWELL TOWN & COMMUNITY TRUST COMPANY LIMITED BY GUARANTEE
TRUSTEES’ ANNUAL REPORT
YEAR ENDED 31 DECEMBER 2022
individuals and community groups who have need of such facilities by reason of their youth, age, infirmity, or disability, financial hardship or social circumstances with the object of improving their conditions of life.
- C. To promote other such charitable purpose for the general benefit of the Public Residents of Bakewell and the surrounding area.
The Main Objectives for 2022 were:
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To retain and improve revenue streams required to support the Trust and the Town Hall Project.
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To regenerate bookings following removal of Government restrictions in respect of lockdown.
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• To ensure that all Health & Safety recommendations were acted upon in respect of premises and staff.
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To explore all possible sources of financial support available and make necessary applications.
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To keep under review the business plan.
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To undertake further consultations on proposals for the Town Hall refurbishment including a major upgrade of the heating and electricity systems.
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To upgrade computer facilities and marketing tools.
SUMMARY OF THE MAIN ACTIVITIES UNDERTAKEN FOR THE PUBLIC BENEFIT IN RELATION TO THESE OBJECTS
In planning our activities for the year we kept in mind the Charity Commission’s guidance on public benefit at our trustees meetings ensuring that an acceptable proportion of use is by community groups.
The membership of the Charity is open to all individuals irrespective of race, gender or any other personal circumstances.
ACTIVITIES AND ACHIEVEMENTS
Following the lifting of Government restrictions following ‘lockdown’ and its impact particularly on community groups it is pleasing to report a gradual return of our regular users over the year and the rebuilding of our own events programme which has been well supported. Looking to the future a number of possible activities are being explored. We can now offer catering for events as we have our own catering suppliers.
With regard to premises management, repairs and renewals have been undertaken as required and work in respect of statutory requirements such as upgrading to meet fire safety and electrical regulations has been undertaken. Further works are being planned subject to funding being available.
Staff changes have included the retirement of the Premises Supervisor after over 20 years’ service. His replacement joined us in July. We have also welcomed a new bookkeeper.
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BAKEWELL TOWN & COMMUNITY TRUST COMPANY LIMITED BY GUARANTEE
TRUSTEES’ ANNUAL REPORT
YEAR ENDED 31 DECEMBER 2022
RISK MANAGEMENT
The Trustees recognise the risks in relation to implementation of the business plan as the Charity seeks to establish a firm financial base to meet its responsibility for the day-to-day management of the Town Hall and internal refurbishment:
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Timing of works: deterioration of the fabric of the building and equipment may be greater than currently known, requiring shorter implementation period for work to be undertaken.
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Impact of the current economic climate on revenue stream resulting in adverse cash flow.
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Adequate funding is denied for key areas as a number of grant opportunities are not open to us and finding suitable funding options is becoming harder and may slow our ability to achieve all our aims.
-
Match funding cannot be found.
-
Voluntary support for the work of the Trust is not sustained and new experienced Directors do not come forward to aid succession planning.
FINANCIAL REVIEW.
In addition to membership fees, financial support has been received during this period from: Bakewell Town Council, the Derbyshire Foundation, and private donations. We continue to tightly control operating costs. Whilst considerable progress has been made in working towards a break-even position with grant-funding support, this was not achieved.
Major improvements currently being considered for implementation within the next two years will be dependent on external funding being obtained. Much emphasis is now being placed on marketing our rapidly improving facilities and developing new business opportunities.
PLANS FOR FUTURE PERIODS
The prime objective is to efficiently manage and develop facilities within the Town Hall for the benefit of the community as a whole. We are looking to develop stronger ties with local organisations and to ensure that the development meets their needs, and to establish best business practice in the management of the Trust’s activities and the employment and welfare responsibilities of our staff. Further external funding is being sought, and marketing and promotion activities are ongoing.
TRUSTEES RESPONSIBILITIES IN RELATION TO FINANCIAL STATEMENTS
Company law requires the Trustees to prepare financial statements that give a true and fair view of the state of affairs of the charity at the end of the financial year and of its surplus or deficit for the financial year. In doing so the trustees are required to:
- Select suitable accounting policies and then apply them consistently;
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BAKEWELL TOWN & COMMUNITY TRUST COMPANY LIMITED BY GUARANTEE
TRUSTEES’ ANNUAL REPORT
YEAR ENDED 31 DECEMBER 2022
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Make sound judgements and estimates that are reasonable and prudent; and
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Prepare the financial statements on the going concern basis unless it is appropriate to presume that the charity will continue in business.
The Trustees are responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enables them to ensure that the financial statements comply with the Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
In accordance with Company Law, as the Company’s Directors, we certify that:
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so far as we are aware, there is no relevant information of which the Company’s Independent Examiner is unaware; and
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as the Directors of the Company we have taken all the steps that we ought to have taken in order to make ourselves aware of any information relevant to the independent examination and to establish that the Charity’s Independent Examiner is aware of that information.
INDEPENDENT EXAMINERS
Derby Community Accountancy Services were appointed as independent examiners during the year and have expressed their willingness to continue in office. A resolution to re-appoint them as independent examiner will be put to the members at the annual general meeting.
SMALL COMPANY PROVISIONS
This report has been prepared in accordance with the special provisions for small companies under section 477 of the Companies Act 2006.
Approved by the trustees on 10 May 2023
Signed on behalf of the trustees:
Helen K Horrod
Helen K, Horrod Chair The Board of Trustees
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BAKEWELL TOWN & COMMUNITY TRUST COMPANY LIMITED BY GUARANTEE
INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF BAKEWELL TOWN & COMMUNITY TRUST
YEAR ENDED 31 DECEMBER 2022
I report on the accounts for the period ended 31 December 2022 which are set out on pages 8 to 18.
Respective responsibilities of the trustees and examiner
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”).
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 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 which gives me cause to believe that in, any material respect:
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accounting records were not kept in accordance with section 130 of the Act or
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the accounts do not accord with the accounting records
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Mark Newey
Mark Newey ACMA Date 2[nd] May 2023 Derby Community Accountancy Service Babington Lodge 128 Green Lane Derby DE1 1RY
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BAKEWELL TOWN & COMMUNITY TRUST COMPANY LIMITED BY GUARANTEE
STATEMENT OF FINANCIAL ACTIVITIES
YEAR ENDED 31 DECEMBER 2022
| Note Income from: Donations plus gift aid 3 Charitable activities 4 Membership fees 5 Investment income 6 Total incoming resources Expenditure on: Raising funds Charitable activities Total expenditure 7 Net (expenditure) income Transfer between funds Net movement in funds Fund balances at 1 January 2022 Fund balances at 31 December 2022 |
Unrestricted Funds Restricted Funds Total Funds Year to 31 Dec 2022 Total Funds Year to 31 Dec 2021 £ £ £ £ 333 - 333 680 109,236 2,000 111,236 90,736 280 - 280 310 82 - 82 4 109,931 2,000 111,931 91,730 8,181 - 8,181 1,416 101,829 4,676 106,505 74,361 110,010 4,676 114,686 75,777 (79) (2,676) (2,755) 15,953 - - - - (79) (2,676) (2,755) 15,953 101,745 2,676 104,421 88,468 101,666 - 101,666 104,421 |
|---|---|
The company had no new or discontinued activities during the year.
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BAKEWELL TOWN & COMMUNITY TRUST COMPANY LIMITED BY GUARANTEE
BALANCE SHEET YEAR ENDED 31 DECEMBER 2022
| Note Fixed assets Tangible assets 11 Current assets Debtors 12 Stock 13 Cash at bank and in hand Creditors: amounts falling due within one year 14 Net current assets Total assets less current liabilities Net assets The funds of the charity: Restricted 15 Unrestricted – general reserves 15 TOTAL CHARITY FUNDS 16 |
2022 £ 16,440 729 91,451 108,620 (9,891) |
£ 2,937 98,729 101,666 101,666 - 101,666 101,666 |
2021 £ 1,923 750 102,053 104,726 4,933 |
£ 4,628 99,793 104,421 104,421 2,676 101,745 104,421 |
|---|---|---|---|---|
For the year ending 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors’ responsibilities:-
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The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;
-
The directors acknowledge their responsibility for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
These financial statements were approved by the directors and authorised for issue on 10[th] May 2023 and are signed on their behalf by:
Helen K Horrod
Helen K. Horrod Chair, Board of Trustees
Company Registration Number: 5687413
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BAKEWELL TOWN & COMMUNITY TRUST COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2022
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:
Company information
its Memorandum and Articles of Association dated 5 December 2005. It was registered at Companies House on 25 January 2006 and was registered as a charity with the Charity Commission on 7 April 2006. Membership of the Trust is open to anyone over 18 years of age and local organisations within Bakewell and surrounding area. Members agree to contribute £10 in the event of the charity being wound up.
1.1 Accounting convention
These accounts have been prepared in accordance with FRS 102, “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”), “Accounting and Reporting by Charities” the Statement of Recommended Practice for charities applying FRS 102, the Companies Act 2006 and UK Generally Accepted Accounting Practice as it apples from 1 January 2015. The charity is a Public Benefit Entity as defined by FRS 102.
The accounts are prepared in Sterling which is the functional currency of the company Monetary amounts in these financial statements to the nearest £.
The accounts have been prepared on historical cost convention apart from freehold property that is carried at market value. The principal accounting policies adopted are set out below.
These accounts for the year ended 31 December 2022 have been prepared in accordance with FRS 102 which is the Financial Reporting Standard applicable in the UK and Republic of Ireland. The date of transition to FRS 102 was 1 January 2015 and there is no impact on the reported financial position and financial performance for the previous period by the transition to FRS 102.
1.2 Going concern
At the time of approving the accounts, the directors have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the accounts.
1.3 Charitable Funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.
Designated funds are unrestricted funds earmarked by the trustees for particular purposes.
Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal.
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BAKEWELL TOWN & COMMUNITY TRUST COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2022
1.4 Incoming resources
All incoming resources are included in the SOFA when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. Gifts in kind have been included at market value of gifts received and in assets acquired. No amounts are included in the financial statements for services donated by volunteers.
1.5 Resources expended
All expenditure is accounted for on an accruals basis and has been classified under headings which aggregate all costs relating to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with use of the resources. Fund-raising costs are those incurred in seeking voluntary contributions and do not include the costs of disseminating information in the support of the charitable activities.
1.6 Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discounts offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
1.7 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other shortterm liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.8 Creditors and provisions
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
1.9 Financial instruments
The charity has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.
Derecognition of financial liabilities
Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.
1.10 Employee benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits/
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BAKEWELL TOWN & COMMUNITY TRUST COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2022
1.11 Taxation
The charity is exempt from tax on income and gains falling with 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 objects.
1.12 Depreciation
Individual fixed assets costing £1,000 or more are capitalised at cost and are depreciated over their estimated useful economic lives on a straight line basis as follows:-
| Asset Type | Depreciation Policy |
|---|---|
| Plant & Machinery | 10% |
| Office Equipment | 25% |
| Fixtures & Fittings | 25% |
| First Floor Kitchen | 15% |
| Ground Floor Kitchen | 15% |
| Bar & Bar Room | 15% |
| Stage | 15% |
| Streaming Screen | 25% |
| Sound system | 25% |
2. Critical accounting estimates and judgements
In the application of the charity’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimated and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
3. Donations
| Total Funds | Total Funds | |||
|---|---|---|---|---|
| Unrestricted | Restricted | Year to 31 Dec | Year to 31 | |
| Funds | Funds | 2022 | Dec 2021 | |
| £ | £ | £ |
£ | |
| Donations | 175 | - | 175 | 505 |
| Gift Aid | 158 | - | 158 | 175 |
| --------------------------------- | ----------------- | --------------------------------- | -------------------------------- | |
| 333 | - | 333 | 680 | |
| ================================ | ================ | ================================ | ================================ |
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BAKEWELL TOWN & COMMUNITY TRUST COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2022
4. Income from charitable activities
| Total Funds | Total Funds |
||
|---|---|---|---|
| Unrestricted | Restricted Year to 31 Dec |
Year to 31 Dec | |
| Funds | Funds 2022 |
2021 | |
| £ | £ £ |
£ | |
| Grants | 17,851 | 2,000 19,851 |
49,884 |
| Room Hire | 35,550 | - 35,550 |
16,173 |
| Rent Income | 16,008 | - 16,008 |
15,336 |
| Events Income | 39,540 | - 39,540 |
9,317 |
| Miscellaneous Refreshments | 47 | - 47 |
26 |
| Other charitable income | 240 | - 240 |
- |
| -------------------------------- | ------------------------------------- ------------------------------------- |
-------------------------------- | |
| 109,236 | 2,000 111,236 |
90,736 | |
| ================================ | ===================================== ===================================== |
============================= | |
| Membership fees | |||
| Total Funds | Total Funds | ||
| Year to 31 | Year to 31 | ||
| Dec 2022 | Dec 2021 | ||
| £ | £ | ||
| Annual membership fees | 280 |
310 | |
| _____ | _____ | ||
| 280 | 310 | ||
| =========================== | =========================== | ||
| Investment income | |||
| Total Funds | Total Funds | ||
| Year to 31 | Year to 31 | ||
| Dec 2022 | Dec 2021 | ||
| £ | £ | ||
| Bank interest receivable (unrestricted) | 82 |
4 | |
| ===================== | ================ |
5. Membership fees
6. Investment income
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BAKEWELL TOWN & COMMUNITY TRUST COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2022
7. Analysis of expenditure
| Staff costs Recruitment Costs Caretaking Services Costs associated with events Promotion Utilities Office Building Repairs and Maintenance Insurance Licences Accountancy, payroll and software Professional Fees Bank Charges Miscellaneous Expenses Depreciation |
Total Funds Year to 31 Dec 2022 £ 44,697 250 1,981 23,872 8,181 15,143 6,154 6,641 1,692 775 1,984 - 96 8 3,212 114,686 |
Total Funds Year to 31 Dec 2021 £ 39,288 - - 8,432 1,416 8,072 2,759 6,833 1,534 1,161 2,701 428 55 12 3,086 75,777 |
|---|---|---|
Expenditure on charitable activities was £106,505 (2021: £75,777) of which £4,676 (2021:£14,618) was restricted.
8. Net (expenditure)/income
Net (expenditure)/income for the year is stated after charging/(crediting):
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| Independent Examiner’s Fees | 700 | 650 |
| =========================== | ================================ |
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BAKEWELL TOWN & COMMUNITY TRUST COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2022
9. Directors and key management personnel
The key management personnel of the charity consist of the trustees. The trustees did not receive remuneration.
10. Employees
The average monthly number of persons employed (full time equivalent) during the year was
| Year to | Year to | |
|---|---|---|
| 31 Dec 2022 | 31 Dec 2021 | |
| No | No | |
| Charitable activities | 2 | 2 |
| ___ | ___ | |
| 2 | 2 | |
| ================ | ================ | |
| Employment costs | ||
| Year to 31 | Year to 31 | |
| Dec 2022 | Dec 2021 | |
| £ | £ | |
| Wages and salaries | 41,577 | 36,340 |
| Social security costs | - | - |
| Pension costs | 3,120 |
2,948 |
| 44,697 |
39,288 |
No employee earned more than £60,000 per annum.
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BAKEWELL TOWN & COMMUNITY TRUST COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2022
11. Fixed assets
| 11. Fixed assets | YEAR ENDED 31 DECEMBER 2022 |
|---|---|
| Fixed assets consisted of :- Cost as at 01/01/2022 Additions Cost as at 31/12/2022 Depreciation as at 01/01/2022 Depreciation charge Depreciation as at 31/12/2022 Net Value at 31/12/2022 |
Office Eqpmt, Fixtures & fittings Plant & Eqpmt Kitchens Bar & Bar Room Stage Streaming Screen Sound System Total £ £ £ £ £ £ £ £ 45,146 12,415 32,208 7,484 15,858 6,199 6,145 125,455 1,521 - - - - - - 1,521 |
| 46,667 12,415 32,208 7,484 15,858 6,199 6,145 126,976 45,146 12,415 32,208 7,484 15,858 3,875 3,840 120,826 126 - - - - 1,550 1,536 3,212 |
|
| 45,273 12,415 32,208 7,484 15,858 5,425 5,376 124,039 |
|
| 1,394 - - - - 774 769 **2,937 ** |
12. Debtors
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| Trade debtors | 15,249 | 1,893 |
| Accrued Income | 189 | - |
| Prepayments | 610 | 30 |
| Sundry debtor | 392 | - |
| -------------------------------- | -------------------------------- | |
| 16,440 | 1,923 | |
| ================================ | ================================ | |
| . Stock | ||
| 2022 | 2021 | |
| £ | £ | |
| Bar stock | 729 | 750 |
| -------------------------------- | -------------------------------- | |
| 729 | 750 | |
| ================================ | ================================ |
13. Stock
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BAKEWELL TOWN & COMMUNITY TRUST COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2022
14. Creditors: Amounts falling due within one year
| 2022 | 2021 | |
|---|---|---|
£ |
£ | |
| Trade creditors | 5,590 | 389 |
| Accruals | 3,478 | 2,048 |
| Deferred Income | - | 2,000 |
| Taxation and social security | 823 | 496 |
| -------------------------------- | -------------------------------- | |
| 9,891 | 4,933 | |
| ================================ | ================================ |
15. Analysis of charitable funds
Analysis of movements in unrestricted funds
| General reserve Total unrestricted funds Restricted funds Duke of Devonshire’s Charitable Trust Peak Leader Foundation Derbyshire Total restricted funds Total funds |
At 1 Jan 2022 Incoming Outgoing At 31 Dec 2022 £ £ £ £ 101,745 109,931 (110,010) 101,666 ------------------------------------- ------------------------------------- ------------------------------------- ------------------------------------- 101,745 109,931 (110,010) 101,666 1,390 - (1,390) - 1,286 - (1,286) - - 2,000 (2,000) - ------------------------------------- ------------------------------------- ------------------------------------- ------------------------------------- 2,676 2,000 (4,676) - 104,421 111,931 (114,686) 101,666 |
|---|---|
General reserve
General reserves are the free reserves after allowing for all designated funds.
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BAKEWELL TOWN & COMMUNITY TRUST COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2022
Restricted Funds
The Duke of Devonshire Charitable Trust monies were used to purchase the streaming screen and the sound system.
The Peak Leader funding was also provided for the streaming screen and sound system.
The purchase of the assets was capitalised and the depreciation charge will be set against the funding in accordance with the depreciation policy.
The Foundation Derbyshire Community Funding was to fund the new website.
16. Analysis of net assets between funds
| Tangible | Other | ||
|---|---|---|---|
| fixed assets | net assets | Total | |
| Unrestricted funds | £ | £ | £ |
| Unrestricted Funds | 2,937 | 98,729 | 101,666 |
| Restricted funds | - | - | - |
| ______ | _____ | _____ | |
| Total funds | 2,937 | 98,729 | 101,666 |
| ==================================== | ============================= | ================================ |
17. Related party transactions
The charity had no related party transactions that required disclosure.
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