Bury St Edmunds Herltage Trust (A compan!, limited by gugrantee and not having share ¢apilal) Report and Financial Slalements For the year ended 31 December 2022
BURY ST EDMUNDS HEIUTAGE TRUST (A company limited b!. guarantee and not baving share capital) Annual report •nd fiDanciAI statements for the year ended 31 December 2022 Contellts Page: Reference and Administrative details Rewrt of the trustees Siatement of financial athivilies incorporating income and expenditure account Balance sheet 8-16 Noies forniing part of the financial statemenls 17 Independent Examiner's rert
BURY ST EDMUNDS HERITAGE TRUST (A company limited b). guaraDtee and not having sh4re tapital) Reference and Administrative details Trustee5 M J Lightfoot {retired 716122) J Bedford C Buchanan R D Carr (reiired 716122) SJCook G R D¢'Aih R M Evans {]red 716122) A Y Gilmour (appointed 9/22) G Howleli (appointed 619122) P Langdon (appointed 619122) MAL¢¢ G O Lulon (appointed 619122) A Speed S F Pott (Chairnlan) Reglsttrtd offlce 79 Whiting Stre¢l. Bury St Edmunds, Suffolk. IP33 1 NX Limlted Compny registered In En%l•Dd and Wles ttumber 6037742 Registered cbirlty number 119059 Bankers Lloyds Bank Plc. 28 Risbygaie Street. Bury St Ethnund5, Suffolk. IP33 3AH Independent Examiner C Reeve FCA, Gascoynes Moseleys Farm Business CentT¢ Fornham All Saints Bury St Edmunds, Suffolk. IP28 6JY
BURY ST EDMUNDS HEIUTAGE TRUST (A companv lin)ited b). guarantee and llot hIng share capital) Report of the trustees for the year ended 31 December 2022 The trustees are pleased to present their rew)rt together with the financial statements of the charity for ih¢ year ended 31 December 2022 which have been prepared lo mtti the requirements for a director's report and accounts for Companies Aci PUTposes. The twsiees confirni that the annual report and financial statements of the charity comply with current statutory requirements. the requirements of ihe charity's governing document and Ihc provisions of the Statement of Recommended Praciice ISORP), applicable io charities preparing their accounts in accordance with the Financial Rewrting Standard applicable in the UK and Republic of Ireland {FRS102) published on 16 July 2014 (as amended by Update Bulleiin I published on 2 February 2016 and Update Bulletin 2 published 5 October 2018). Structurej governance And mttnagement Governing Document Bury St Edmunds Heritage Trust is a company limited by guarantee. incorporaled 28 December 2006. and govemed by ils Memorandum and Articles of Association. li is registered as a Charity with the Charity Commission. Membership is open io any individual or organisaiion interested in protnoting the objects of ihe trus¢ whom applies lo and is approved by the trustee& Each member agrees to contribute up to £10 in the event of the charity winding up. The lrnstees adminisler the charily and have control of the In1, ils property and ils funds. Trustees The Irnsiees are also directors for the purposes of ihe Companies Act 2006. Trnstees are appointed by th¢ member5 in general meeting. All Subriber$ to ihe memorandum were the first Iruslees. One third of the trustees musi retire ai each Annual General Medin8 alihough any retiring irnslee who remains qualified may be reappoinled. The trusltts meet regularly durin8 the year. The lrnstees may al any lime co-opi any individual who is qualified to be appoint¢d as a irustee either lo fill vacan¢y or as an addilional twsiee. A co4)pt¢d Irustee holds otTi¢¢ only uniil the nexi Annual Generdl Meeiing. When c04)pling trustees the Board has regard to the skills and attributes any individual may bring to the Charity. On appointment all trust¢¢s are fully brief on ihe objecls of the charity. ils constitution and their responsibilities as trustees of a registered charity. None of the trustees re1ve remunerdtion or any oiher benefit from Iheir work with th¢ charily. Rlsk management The trustees have assessed the major risks to which the charity is exposed and established system5 and procedures lo mitigate exposure lo the major risks. Our purposes, actitieS and plans for the future The Bury St Ethnunds Heritage Trust maintains its commitment to preserv¢ and improve the heritage of the Borough of St Edtnund5bury and any objccts and buildings lo be found ther¢in,' to promote the public display of works of art, jewcllery. clocks, costume and objects of all kinds- to promote the preservation, rc5tordtion and improvement of any historical or oth¢r building5 of general public interest either connccled with Ihe colleclions of objccts of any kind or othenvise- lo promotc education in relation to the hlIage of the United Kingdom and in particular ihe Borough of St Edmundsbury.
BURY ST EDMUNDS HERITAGE TRUST (A compan>. limited by guarantee nd Dot having sh•re cpital) Report of the trustees for the year ended 31 December 2022 (tolltinued) Our purposes, actiiryties *nd plans for tbe future (continued) The Guildhall reopened in 2021 after a difficult ?O?O. We are pleased io retKIrt an increase in income for 2022 over 2021. It is the desire of th¢ TNslees to generdle enough income through weddings and corpordt¢ events to enable the building to survive for the use of ihe town- Heriiage events. such as an exhibilions and ¢ducalional activities are all run in the building. Our wedding bookings are Strong for the next year. Related Pirty Relat10115hips None of the Trnsiees received remuneration or other knefil from their work wilh ihe charity but are reimbursed for expcndilure directly incurred in connection wilh the activllies of ihe ¢harily, deiails of whi¢h can be found in note21. Public Benefit In carrying out the aciivilies of the Trusi. the trust¢¢s have regard io the guidance issu1 by the Charity Commission on public benefit and are saiisfied thai ihe Trust meels the objectiv¢s of the Charilies Act. Reserves The Trust's reserves ai 31 December 2022 are all held for the pUrySe of suslainin¥ tlie Bury Si Edmunds Guildhall. The Trustees aim lo maintain a level of reserves ad¢qual¢ lo ensure ihc on¥oin¥ fulure of the Guildhall. Going Concern After making appropriate enquiries Ihe irusiees have a reasonable expe¢tation Il)ut the charity has adequate resources lo continuc in operdtional existence for ihe foreseeable fulure and meets it5 obligations under eurrent projects. For this reason they continue io adopt the going concern basis in preparing the linan¢ial slatcments. Further details r¢8arding the adoplion of ihe going concern basis can be found in the Accounting Policies on page 11. The rcslrictions imposed as a result of the Covid 19 pandemic led ihe Guildhall lo suspcnd many of ils operations in 2020. Many events and bookings wcrc postponed until 2021122 and the charity received ¥raiit funding in this period. F.venls, venue hire and oiher income pick up in 2021 and hav¢ coniinued ihis trend in 2022.
BUR Y ST EDMUNDS HERITAGE TRUST (A complly limited by guaralltee not ha% sh•re eapill) Report of tbe trustees for the year ended 31 December 2022 (continued) Investment policy All liquid funds are held in on demand bank current accounts ready for immediate application to projects. Revlew of tbe Results for the ye*r Nel outgoing resources for the year amounled to £33,446 (2021 outgoing £18,406) and funds carried forward are £42.022 (2021- £75,468). Details of the income and expcnditure for the year are shown on page 6. Post balAllee sheet events There have been no significant evcnis affecting Ihe charily since the year end. Trustees, responsibilities The Trustees {who are also dir¢¢lors for the purp05e5 of company law) are responsible for preparing the Trustees, report and the financial statements in accordance with appli¢able law and Uniied Kingdom Accounting Standards (United Kingdom Generdlly A1¢d Accounting Prdctice). Company law requires the Trustees to prepare financial slat¢menls for each funCIal year which give a true and fair view of the slate of affair5 of the Chariiable company and of the incoming resourc¢s and applicaiion of resources. including the income and ¢xpcnditure. of the charitsblc company for that j{l. In preparing these rinancial statements, Ihe Trusiees are requir¢d to.. select suiiable 8ceounling wllicies and th¢n apply them consistenilyl observe the m¢ihfyl$ and principles in th¢ Charities SORP 2019 (FRSI 02),. state whether applicable UK A¢counling Standards have be¢n followed, subject lo any material departures disclosed and explained in the fmancial stalemenls- make judsemenls and estimates Ihal are reasonable and Prudent: and pryre ihe fanCIal statemcnis on the going con¢¢rn basis unless il is inappropriate lo presume that the charitable company will Conlinue in busine&s. The trustees are responslble for keeping ad¢quale accounting records Ihal are sufficient to show and explain the charity's transactions and disclose with reasonable accurncy al any time ihe financial position of the charitable ¢ompany and enable them lo ensure that th¢ financial staicmenls comply with thc Charities Act 2011, the Companies Act 2006 and the provisions of the Charil), s Commission. They are also r¢sponsiblc for safeguarding Ihc assets of the charitable company and hence for taking reasonable steps for the prevention and deteclion of fraud and other irregularities.
BURY ST EDMUNDS HERITAGE TRUST (A comp•nv limited bv guarantee and nol having share ¢api¢al) Report of tbe trustees for the year ended 31 December 2022 (contlllued) Small CompaDy Exemption This rewrt is prepared in accordance with seciion 415A of the Companies Act 2006 relating lo small companies. On behalf of the Board Simon Pott Stephen Cook Simon Pott - Trustee Stephen J Cook- TTh$¢ee Date: 21 September 2023
BURY ST EDI¥IUNDS HF.RITAGE TRUST (A cotllpany limited by guarantee and Do¢ hiving share cpill) Statement of Finaneial Activities for the )'ear ended 31 December 2022 {incorporiting an iD¢ome and expenditure accoulll) Unrestricted FuDd$ Restricted Funds Total 2022 Total 2021 Note lllcome from: Donations and legacies 4,802 4,802 ,863 Charitable a¢tivili¢s'. Grants received 7.071 15,000 22,071 29,596 Other irading activities 69,552 69,552 41,805 Total Income 81,425 Is,000 96,425 73,264 xpeDdi¢ure on: Raising funds Charitable aciivilies Operating- direcl costs Operating- 5UPPOrt costs io 714 98J08 18,403 714 IIOJ54 18,80.1 300 76,989 14.381 12 13 12,046 400 Total Expendlturt 117,425 12,446 129,871 91,670 Net Incomel(expenditure) and net movement in funds for the )'ear (36,000) 2,554 (33,446) (18,406) Fund balances #t l J•nu&ry 2022 75,468 75,468 93,874 Fund blnces at 31 December 2022 19 39.468 2,554 42,022 75,468 A]1 amounts d¢rive from continuing activitie5 The slalemeni of financial activities includes all gains and losses r¢co8nised in the year. The notes on pages 8 10 16 fonn part of these financial statem¢nls.
BURY ST EDMUNDS HERITAGE TRUST {A compaDy Ibllllted by %uarAntee and no¢ having share capital) Company Number- 6037742 Balance Sbeel a¢ 31 December 2022 Note 2022 2021 Fixed Assets 16 5,552 5,009 Current Assets Debtors Cash at bank Cash in hand 17 15,517 59J55 16,797 86.455 244 103,496 75,140 Current Il*bllities Crcdilors 18 38,670 33.037 Net Current assets 36,470 70,459 Net Assets 42,022 75.468 Represented by: Unr¢stri¢l¢d Fund Restricted Funds 39,468 2,554 75,468 BAIAnee of Funds 19 42,022 75,468 The trust¢¢s are saiisfied that ihe company 15 eniiiled to exemplion from the provisions of ihe Companies Aci 2006 (the Act) relating to the audit of the financial statements of ihe year by virtue of wtion 477, and that no member or members have requested an audil pursuant to section 476 of Ihe Aci. The trustees acknowledge thelr responsibilities for: (a) ensuring that the company keeps accounting records which comply with section 386 of the Aci. (b) preparing financial slalemcnis which give a I¢ and fair view of the stat¢ of affairs of the company as al the end of the financial year and of its results for the year ih¢n endd in accordance with ihe requirements of sectton 393, and which oiherwise ¢omply with the requirements of the Acl relaiing to financial stalemenls, so far a5 applicable to the company. The financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small ¢haritabl¢ companie5 and with the Financial Rewjrting Siandard applicable in the UK and Republic of Ireland (FRS 102)- Thc5e financial statements were approved by the Irue¢S on 21 September 2023 and signed on their behalf by.. Simon Pott S¢epheD Cook Simon Pott Stephen J Cook Th¢ notes on pages 8 to 16 forn) part of these financial slatements.
BURY ST EDMUP4DS HEIUTAGE TRUST (A company limited by guarante¢ and not having sbre capital) Notes forming part of the financial slatemettts for the year ended 31 December 2022 l General illformtioD Bury Si Edmund5 Heritage Trusi is a company limiied by guardntee incorpordted in England. It is also a regisiered charity and subjecl to regulaiion ofthe Charilies Commi&sion. The address of ihe registered Ol¢C is 79 Whiting Street. Bury Si Edmunds, Suffolk. IP33 1 NX. 2 A¢coun¢in2 Policles Basis of prepartion of fintt¢lal statementi The charily ¢onslilules a public benefit entity as d¢fin¢d by FRS 102. The financial statements have been prepared in accordance with Accounting and Reporting by Charilies.. Stalemenl of Recommended Practice applicable to charities preparing iheir accounis in accorda¥Jce wilh the Financial Reporting Standard applicable in th¢ UK and Republic of Ireland {FRS 102) issued on 16 July 2014 {as updated through Update B4bllelin I published on 2 February 2016 and Update Bulletin 2 published on 5th O¢lober 20181, the Financial Reporting Siandard applicable in the Unilcd Kingdom and Republic of Ireland (FRS 102), Ihe Charities Act 2011, the Companies Aci 2006 and UK Generally Acc¢pied Praclice. The company has revised its fornial of accounis. as provided by the Compani¢s Aci 2006, lo include h¢adin8s which are relevant to ils aclivities Ihus enablin8 11 to show a irue and fair view. Ineome Recognltion All incoming resources are included in lh¢ Sialcmcnt of Financial Aciivities when Ihc charily is legally enliiled io the in¢om¢ afler any perfomiance condilions have been md. the amount can be measured reliably and il is prob8ble that the income will be received. The prin¢ipal sources of income rec¢ived by Ihe charity are accounted for in the Statement of Financial Activiti as follows Don*tiotts and leg•¢ies Donaiions are recognised when the charily has been notified ofihe amounts and the scltlcment dale in writing. If there are condition5 attached to the donation and ihis rcquires a level of perforniance bcfore entitlement can be obtained then income 15 deferred unlil those conditions are fully met or the fulfilmenl of those conditions is within the control ofihe chariiy and il is probable that they will be fulfilled. For legacies, entitlement is ihe earlier of the charity being notified of an impending distribution or the legacy being received. At this poini income is recognised. On CaSiOn legacie5 will be notified lo the charity however il is not possible to measurc Ihe amount expected to be dislributed. On these occasions, the Icgacy is treated as a contingeni asset and dIlOsed. Income tax recoverable in relaiion to donations under gift aid is recognised at the time of th¢ donation.
BURY ST EDMUNDS HERITAGE TRUST (A eompany limited by guarantee and not having share capilal) Note5 forming part of the finantial slatements for the year ended 31 December 2022 (continued) 2 Accountillg Policies - continued Grants Income from grants. wheiher'capital, grants or'rev¢nue' granls, is recognised when ihe charity has enliilemeni lo the funds, any perforniance condilions attached io ihe grants have been mel, it is probable that th¢ income will be received and the amounl can be measured reliably and is noi deferred. Expenditure Recogttltio Expenditure is recognised on an accrnals basis once there is a legal or ¢onslruclive obli¥ation to make a payment to a third pany, il is probable ihat $dil¢menl will bc required and ihe amount of ihe obligation can be tlleasured reliably. Expenditure on charitable aclivilies comprises dirffl expendiiurc altribuiable io ihe charity's principal aclivilies. Govemance costs include Ihose cosls associated with mttling the Conslilulional and siatulory reqU1MentS of ihe charity and cosls litikcd to ihe mana¥ement of the charity. Costs of raising funds compri8¢ cosls incurred in generating funds to support direct chariiable a¢tivilies. Irrecoverable VAT is charged as a cosi againsi the athivity for which ihc expenditure is InCued. Fund Aeeounting Unrestrleted Funds : The general fund consisis of funds which Ihe trust may use ai 115 discretion for its main objects and derives principally from donations and related gifl aid r¢cov¢ri¢s nol specifically directed to projects. Restrieted Funds : Restricted funds consist of fullds received for specific projects on which the donor has imposed restrictions for ils application. The ¢osls of raising and administering such funds are charged against the specific fund. Flxed A85ets and Deprecialion Tangible ass¢ls initially rccorded al cost. and subsequently slated al cost less any accumulated deprecialion and impairment losses. Deprcciation is calculated so as lo write off the com of an asset. less ils estimated residual value. over the useful life of Ihc asset as follows=_ FÉxtures and Fittings Office Equipment I 00/0 slraight line 30 /0 Straighi line
BURY ST EDMUNDS HERITAGE TRUST (A company limited by guarantet and not h•ving share eapital) Note5 forming part of the financial statements for the year ended 31 December 2022 (continued) 2 Aeeounting Policies - continued Debtors Trade and othw debiors are recognised ai ihe seitlement amouni due after any trade discount offered. Prepaynients are valued ai the amount prepaid net olany trnde discounts due. Cish at bADk and in h#Dd Cash at bank and in hand irkcludcs cash and short lern] highly liquid investments with a short maiurity of three months or Icss from the dale of acquisilion or opening of the d¢posii or similar accounl. Credltor5 and provisions Creditors and provisions are rQgnised when the charity has a preseni obligalion resulting from a past event that will probably result in the transfer of funds lo a ihird pariy and the amouni due to seiile (he obli8alion can be measured or eslimated reliably. Creditors and provisions are nomially recognised at their settlem1 amount after allowin8 for any Irade discounts due. Financial instruments The ¢harily only has financial asscls and financial liabiliii¢s of a kind ihai qualify as basic financial instruments. Basic financial instrnmenls are iniiially recognised al Iransaclion value and subsequenily measured at their settlem¢nl value with the exception of bank loans which arc subsequently measured at amortIs cost using the effective inieresi meihod. Going ll¢er The financial statements have been prepared on a going concern basis as the TTu8lees believe that no tnaterial relevanl unccrtainties exisl. The Trnstees have considered the level of funds held and ihe expect¢d level of income and expenditure for 12 months from authorising ihese financial statements. The budgeted income and expendilure is suffi¢i¢nl wilh the level of reserves for the charity to b¢ able lo continue as a going concern. 3 Income All income is wholly attributable to the charitable activity of the company and arises solely within ihe United Kingdom. 4 Trustees remuneration Ind expenses No trustee e1Ved any remunerdtion during the year. Expcn5es incurred by Trusiees in conne¢tion with the activilies of the charity and rcimbursed during thc year are disclosed in note 21. 10
BURY ST EDMUNDS HEIUTAGE TRUST (A eompilly limited by guarantee and not bviDg share cApill) Notes forniing part of the fiDanciAI statements for the year ended 31 December 2022 (eontinued) S Net incomingl(outgoing} resourees 2022 2021 This is stated after charging: Independent examiners fee 7J4 300 6 TAx#tion The company as a rcgisiered charity is not considered liable io lax on ils nei incoming resources. Income tax deducted 31 source is recovernble from HMRC. Gifi Aid is recoverable on qualifying donations. 7 Dona¢lons Unrestricted Restrlettd Tolo12022 Total 2021 Donations Tax recoverable on Gift Aid 4,608 194 4.802 4,608 194 4.802 1,622 241 In 2021 all of ihe donations incom¢ was for unreslricied nds. 8 Grants Durin8 Ihe year the following FM)dies provid 8ranls'.- Unrestrlettd Restricted Total 2022 Total 2021 Bury St Edmunds Town Council Job Relention Scheme Grdnt West Suffolk Council - Covid Support Is,000 15.000 4,738 24,858 29,596 7,071 7,071 7,071 22,071 Is,000 In 2021 all of the grani income was for unrestri¢l¢d nds. 9 Other tradlng activties UDre$tricted Restricted Total 2022 Total 2021 Events and other income Office Rental and Utilities Venuc Hire 9,288 12.003 48,261 69,552 9,288 10,465 11,021 20,319 41,805 48,261 69,552
BUR Y ST EDMUNDS HEIUTAGE TRUST (A comp&lly limited by guarantee and not hal'ing share Capital) Notes forming part of the fJDJDcial sla¢ements for the ver ended 31 December 2022 (continued) 10 Cost of rising fund5 Unre5tricltd Restricted Tot812022 TotAI 2021 Genero1 fvndraising costs I l Expenditure on charitable ac¢ivl¢ies UDres¢ric¢ed Restricted TotAI 2022 Total 2021 Governance c051s 714 714 714 714 300 300 In 2021, all of the ¢xpenditure on charitable acliviiies was for unresiricted funds. 12 Direct co$t$ Operation Operating of the Costs" Guildhall Unrestricted Reslricted Total 2022 Total 2021 Reni, rates, Water and r¢fus¢ Lighi and heal Security Repairs and maintenance Insurance Promotional Card charges Purchases, exhibition and event exn$¢$ Wa8¢s and salarie5 2,936 9,464 2,404 6,775 5,998 5,126 18 4,110 61,477 98J08 2,936 3,399 4,500 2,004 12,017 7,410 6,244 452 4,760 36,203 76,989 2110 2,404 6,775 5,998 7,900 18 11,682 62.977 IIOJ54 2,774 7,572 1.500 12,046 In 2021, of th¢ expenditure on direct costs, £59,195 was for unreslricted funds and £17,794 was for restricted fun(ts. 12
BURY ST EDI¥IUNDS HEIUTAGE TRUST {A eompany limited by guarantee and not haTriD2 share capi¢*l) Notes forming part of the financial statemen¢$ for the year eDded 31 December 2022 {eontinued) 13 Support eosts Oper8tioD of the Guildhall Reslricted Total 2022 Operitlng Costs Unrestricttd Total 2021 Cleaning Communication costs Office Administration Services Bookkeeping Depreciation Garden costs 4,192 6,771 1,276 4.680 1,132 352 18,403 400 3,305 3,712 799 4,320 1.030 1,215 14,381 6,771 1,276 4,680 1.132 352 18,803 400 In 2021, all of the expenditure on support Costs was for unreslriclcd funds 14 Stiff costs 2022 2021 Siaff costs were as follows- Wages and salaries.. ross salaries Social securiiy costs Employer pension costs 61,784 35,701 1,193 62,977 502 36,203 The average monthly number of employees during the year was as follows: 2022 2021 o. Part time staff: Servi¢¢ and op¢ralional stalT Part time Staff: Management and administrdtion None of the Iru5tees receive remunerdtion or any other benefii from Iheir work wilh the charity. 15 Governance ¢os¢s Governan¢e costs comprise the Independent Examiners Fce of £714 (2021- £3(M)}. 13
BURY ST EDMUNDS HEIUTAGE TRUST (A company limited by guarantee not having share capitAI) Notes forming pArt of the financial statement5 for the l'ear ended 31 December 2022 (continued) 16 Fixed Assets Pl•Dt & Equipment Fixtures & Fitting5 Office Equipment Totxl Cost Al I sl January 2022 Additions Ai 31 st December 2022 1.961 492 725 5J17 919 950 1,869 7,472 1,675 9,147 1,961 Depreciation Balance at I st January 2022 Char&pe for year Ai 31 sl December 2022 294 294 588 lJ41 5_33 1,874 828 305 1,133 2,463 1,1.12 3,595 C#rrviDg Amount At 31 st December 2022 lJ73 3,443 736 5,552 Al 3 Isi December 2021 1,667 91 5,009 17 Debtors 2022 2021 Gift Aid recoverable Trdde debtors Prepaymenis 695 5,632 9,190 15,517 501 8,651 7,645 16,797 18 Creditors 2022 2021 Trade creditors Accruals and deferr incorne Other creditors 9.907 2838 225 38,670 8,648 23,102 1,287 33,037 14
BURY ST EDMUNDS HF.RITAGE TRUST (A company limited by grAntee alld not knAving share capital) Notes forming part of the fiDncil 5tAtemeDts for the I.r ended 31 December 2022 (Continued) 19 Funds BalDee It 01.01.22 IDcowin2 Resourees Outgoing Resources Balince at 31.12.22 Tr#nsfer5 Unrestri¢ted GeDeral Fund 75,468 81,425 117,425 39,468 Restricted Funds Bury St Edmunds Town Council 15,0(M) 12,446 2,554 15,000 12,446 2,554 Total Funds 75,468 9A425 129,871 42,022 The Bury Si Edmunds Town Council grant is ndIng lowards Ihe "Ration books lo Ro¢k'n'Roll" Exhibition. Funds Balance at 01.01.21 Incoming Rcsources Outgoin¥ Resources Balai)ce al 31 12.21 Transfers PRIOR YEAR Unrestricted GeDerl Fund 70.080 73,204 73.876 75,468 Restricted Funds Natioiial Lotiery Heritage Fund 17,794 17,794 17,794 17,794 Total Funds 93.874 73.264 91,070 75,40 20 Analysis of Net Assets Between Funds Unre51ric¢ed Res¢ri¢led Tol•l 2022 Total 2021 CURRENT YEAR Fixed Assets Debtors Cash al bank Creditors 5552 15,517 56,069 {37,670) 39,468 5.552 15,517 59,623 (38,670) 42,022 4.078 10,914 101,129 (22,247) 93,874 3,554 (1,000) 2,554 Unreslricled Reslricled Tolal 2021 Total 2020 PIUOR YEAR Fixed Asseis Debtors Cash at bank Trade ¢reditors 5.009 J6,797 80,699 (33.037) 75,468 5, 009 J6,797 86.699 (33,037} 75,468 4,078 JO,914 JOJ, 129 (22,247) 93.874 15
BURY ST EDMUNDS HERITAGE TRUST (A company limited by gurAtttee and not having 5hre ¢APital) Notes forming part of the financial statements for the year ended 31 December 2022 (continued) 21 Related Party Trnsaetions Control The charity is under ihe control of ihe irnstees. Tran$ctlon wlth trustees During Ihe year, Trnslees, indemnily insurnnce was provided at a cost of£222 {2021- £227). Durin¥ the year, no expcn5es were reimbursed to Trustees (2021- £349 to I truslees). During the year, £4.680 (2021- £4.680) was Charged by David RobertOD & Co for accountancy and bookkeepin of which a Iruslee Siephen Cook is a partner. Ai the balance sheet dale £10,800 was owed to the parfncrship. There were no other iransaciions with trustees during the year other Ihan voluntary donations. 22 Members Gulrintee The coripafty has no share capital bul is limited by guardnl¢¢. Ea¢h member is liabl¢ lo ¢ontribule an amounl noi exc¢¢ding £10 in the eveni of a winding up. 16
BURY ST EDMUNDS HERrrAGE TRUST (A company limited by gurntee knd not bavlthg $h•re capital) IDdependeDt Examiner's report to the Trnstem of Bury St Edmunds Heiitage Trnst For the yexr to 31 December 2022 I rcwrt lo the charity tntte$ on my examinalion of thc accounts of the company for the y¢u ended 31 December 2022 which are sct out on pAge5 6 10 16. Responslbllltles Dd basis of report As the charity trustees of the company (and also ils directors for the purp)ses of company law) you arc responsible for the preparation of the accounts in accordance with ihe requiranents of the Companies Ath 2(KJ6 ('the 2006 Act.). Having Saiisfied myself thai ihe accounis of the company are not required to be auditd under Part 16 of the 2CK16 Act and are eligible for independent examination, I reF4)rt in rcspect of my examinalion of your company's accounts as carried out under section 145 of the Chariiics Acl 2011 ('the 2011 A¢t'). In ¢arryin8. out my examination I have followed the Dircclions 8ivcn by Ihc Charity Commission under se¢tion 145(5)(b) of the 2011 Act. IDdEpendeDt exxmlner'i itatement I have completed my examinaiion. I confm ihai no matters have come lo my allcnlion in connection with the examination 8iving me uSt to believe thal in aRy malerial les.. accountin8 rordS wcrc noi kcpl in res of thc company as required by se¢tion 386 of th¢ 2006 Act: or Ihe accounts do not accord with those records" or Ihe accounts do not comply with the accounting requirements of section 396 of the 2006 A other than any requircmcnt that the accounts give a 'lnJc and fair view. which is not a matter Considered a5 part of an indcpcndcnl cxamination. or th¢ accounts have not been prcpared in mccordancc wilh ihe m¢thod$ pri1P1 of the Ststcmenl of Rcwmmendd Pra¢ti¢¢ for accounting and rep)rtin8 by ch8Tities [applicable io charities prcparing their 8¢¢ount$ in accordan with Ih¢ Financial Re18 Standard Applible in ihe UK and Republic of Ircland (FRS 102)1. I have no ¢oncerns and hav¢ come across no other matters in connection with the examination to which attention should be drawn in this report in or&[ to cnablc a propcr Understw1n8 Of the a¢couDts io LY reachcd. Si8ned.' Mr C Reeve FCA Date: Gascoyn¢s Moscl¢ys Barn Business Centre Fornham All Sainls Bury St Edmunds Suffolk IP28 6JY 17