Bury St Edmunds Heritwge Truil (A eompan.v Ilmited by guarantee and not havthg shxre ¢4pital) Rryjrt and Financial Statemenis For the year ended 31 December 2023
BURY ST EDMUNDS HEIUTAGE TRUST (A company limited bv guarantee aDd not h•viDg 5bare ¢•pital) Annll#l report nd fiDallcil st*tements for the year ended 31 December 2023 Contents Pag¢'. Referenc¢ and Admitiistrative ddails Repon of the truslees Stai¢ment of financial athivitie5 incor)lIng in¢ome and expenditure account Balance she 8-16 Notes forniing pan of the financial statements 17 Independent Examiner's report
BURY ST EDMUNDS HERITAGE TRUST (A eompaDy timited by guarantee ad not bavlllg sb•re epitl) Reference Admittlstrative details Trustees J O Bedford C Buchanan (resigned 6 Jutte 2023) SjCk G R De'Aih A Y Gilmour G Howlett P langdon M A L£¢ (resigned 5 December 2023) G O Luton (appointed 619122) A sp¢ (resign¢d 6 Jun¢ 2023) S F Poti {Chairn)an) G Luton S David (aP)inted 5 D¢¢ember 2023) Regl$tered oill¢¢ 79 Whilin¥ Sired, Bury Si Edmunds, Suffolk. IP33 1 NX Llmited Compny reglstered In EnglDd nd Wles number 6037742 R¢81stered charlty Dumber 1119059 B*nkers Lloyds Bank Pl¢, 28 Risbygate Street, Bury Si Edmunds, Suffolk. IP33 3AH Independellt Examiner C Reeve FCA, Gascoynes Mosel¢ys Farni Business C¢nlre Fornhafft All Sainis Bury St Edmunds, SuftTolk. IP28 6JY
BURY ST EDMUNDS HERITAGE TRUST (A company limited by guarantee not haD2 shr¢ capital) Report of tbe trustees for the year 31 Deeember 2023 Th¢ trustees ar¢ pleased to present th¢ir repoff together with the fitwicial statem¢nts of lh¢ chariiy for the year ended 31 December 2023 which have been prepared to m¢d the requiremenis for a director's report and ac¢ounts for Companies Acl purp)ses. The irustees confirni that the annual rert and financial sialements of the charity comply with current statutory r¢quirements, the requirements of the charÉty's governing document and Ihe provisions of the Staiemenl of Recommended Practice {SOIiPI. applicable 10 charities preparing their accounts in a¢¢ordance with the Financial R¢FKTrning Siandard appILble in the UK and Republic of Ireland (FRSI 02) published on 16 July 2014 las amended by Upda1¢ Bulletin I publish¢d on 2 February 2016 and Updatc Bullrtiii 2 yublish¢d J" OcTob¢r 2018). Structurei governance And mn#gtment GoverDin% Document Bury Si Edmunds Heritage Trusl is a Company limited by guardntee. in¢orwrat¢d 28 De¢¢mber 2006 and governed by its Memordndum and Articles of Association. li is registered as a ¢harity wilh the Charity Commission. M¢mbeTship is open to any individual or on]saIlOn ioieresied in promotin8 the objects of th¢ trust whom applies 10 and is approved by ihe trust¢ Each member a8re¢s to contribute up to £10 in the ¢vent of the charity winding up. The trustee5 adminisier ihe ¢harily and have control of the tnisi. its prop¢ny and its funds. Trustees Th¢ trusltts are 4150 dir¢¢iors for th¢ Purposes of the Companies Ath 2006. TNst¢¢s are appointed by the members in Benerdl meeiing. All subs¢ribers lo lh¢ memorandum were the first trustees. One third of the trusi¢cs must r¢tire at ea¢h Annual Generdl M¢eiing although any retiring lrnst¢e who remains qualified may b¢ reapwintd. The trnst¢es meet regularly during the year. The Irust¢e5 may at any time ¢LW any individual who is qualified to be appointed 8$ a truste¢ either to fill a va¢ancy or as an addilitsnal Irusiee. A cOpied truslee holds offie¢ only until th¢ next Annual Gen¢rdl Me¢iing. When co-opting trus(ees th¢ Board has re8ard io the skills and attributes any individual may bring to the Charity. appointsnent all trnsle¢s are fully briefed on ihe objecls of ihe clwity. its constitution and their r¢8ponsibilities as trnsi¢¢s of a rcgi5tered charity. None of the istS r¢¢eive remunerdlion or any oih¢r benefit from their work with the charity. Risk management The iTUSttts hav¢ assessed the major risks to which thc charity is exposed and established systems and proceduffs to mitig2t¢ exposur¢ io the major risks. Our purposes, aetlvities plans for the futhr¢ The Bury St &lmunds Heritage maintains ils commitment to pre5¢rve and improve th¢ heritag¢ of th¢ Borough of St Edmund5bury and any objeets and buildings to be found therein,. to promot¢ ihe public display of works of an. jewellery. clocks. costume and objects of all kinds- to promo(e th¢ presetvaiion, restoration and improvern¢nt of ally historical or other buÈldings of general public inte$t ¢ither co1CCIed wilh the coll¢ctions of objecis of any kind or othenYise- to promote educatton in relation to the heritage of th¢ United Kingdom and in parti¢uiar the Borough of St Edmundsbury.
BURY ST EDMUNDS HEIUTAGE TRUST (A COmnY limited by guarantee not having share capital) Report of the trustees for the yer ettded 31 De¢ember 2023 {WD¢inued) Our purpose& activities nd plans for the future (colltinued) The Guildhall reop¢ncd in 2021 after a difficult 2020. Thcre has Iw) a small reduction in income in 2023 fmm 2022. principally due lo reduced grant funding. It is th¢ desire of thc Trusiees to generaie enough income ihrough wdingS and corporate ¢v¢nts to ¢uable the building to survive for ihe use of th¢ town- Herige events such as art exhibition$ and educational aciivities Are all run in the buildins. Our wdIn8 bookii)gS sliuiJ¥ fui Ihv n¢xT year. Related Party Relationshlps None of th¢ Trnstees re¢¢ived remun¢r*ion or other benefii from iheir work with the ¢harity but arc reimbursed for cxpenditure directly incurrj in conneciion with ihe activiii¢s of the charity, delails of which can be found in nole21. Publlc BeDefit In carying oul the octivilies of the Trust, Ihe trustees have regard io the guidance issued by the Charity Commission on public benefit and are satisfied th81 the Trust meths the obj¢¢iives of Ihe Charities Act. Rt5erves The Trust's reserves at 31 December 2023 are all held for th¢ Purpose of sustaining the Bury Si Edmund5 Guildhall. The Trnsi¢es aim lo maintain a level of reseryes adeqtsa¢e lo ensure the ong¥oing fuiure of the Guildhall. Goln2 Concer After making appropriaie enquiries the Ie¢S have a reasonable ¢xpectation ihai Ihe charity has adequate rcsouTces lo ¢ontinue in OF¢rntional exislence for ihe foreseeable fvture and meets 115 obligaiions under current proj¢¢is. For this reason they continue io adopi the going concern basis in pr¢parin8 the financial Statements. Funher details regarding the adomion of ihe goin8 conccrn basis Can be fouud in the A¢counliny Policies on page 11. The resirictions imposed as a result of th¢ Covid 19 pandemi¢ led the Guildhall to suspend many of ils operations in 2020. Many evenls and bookings were rM)Stponed uniil 2021122 and the charity received grdnl funding in this period. Ev¢nts, venue hire and oth¢r income picked up in 2021 and hav¢ continued this trend in 2023.
BURY ST EDMUNDS HERITAGE TRUST (A company limited by guarantee and not ha8 shre capital) Report of the tTUStees for the year ended 31 D¢¢ember 2023 IwDtiDued) IDvestmeDt policy All liquid funds are held on demand bank curr¢nl accounts ready for lnunlate applicatlOD io projects. Review of the Results for tbe yer Net ouigoing resourccs for the y¢ar amount to £33.245 (2022 - outgoin8 £33.446) and fvnds carried forward ar¢ £8.777 (2022- £42,022). Details of the inco¢ and exp¢ndilure for ihe year are shown on page 6. Post b14n¢e 5beet eveDt5 There have be¢n no si8nifi¢4ni events affecting the charity sin¢¢ the year ¢nd. Trnstees. responsibllliies The Tntsttts (who are a150 dire¢tOT5 for the purFrf)ses of ¢ompany1owl are reswnsiblc for preparing the Trustees, repon and the financial statemenis in accordance wilh applicable law and United Kingdom Ac¢ountin8 Stsndards (United Kin8dom Generdlly Accepted Accountin8 PrtIce). Company law requir ihe Tru$es io PTqJar¢ financial sthtements for each financial year which ve a true and faiT view of th¢ state of affairs of the chariiabl¢ company and of ihe in¢omin8 resources and applicaiion of resources, includiog ihe income and exwjdilure. of the charitsbl¢ company for that p¢ri(hJ. In pr¢p4rin8 th¢s¢ financial statements. the Tnttts xr¢ required io: sel¢¢i suitable a¢countin8 lI¢jeS and then apply them consisiently,. observe the mdlKxts and principl¢s in the Charities SORP 2019 (FRS102); slate wheth¢r applicable UK Accouniing Siarwjants have be¢n followed. subject to any malerial departur¢s disclosoj 4TMI explain¢d in the fInala1 statemenis. make judgements and eiMaleS are rewnable and pnthi,. arml prepare tbe financial stst¢ments on th¢ going con¢ffli basis unless it is inappropriate to presum¢ that the charitable company will conlinue in business. The IteeS ar¢ re5ponsibl¢ for keeping adequate accounting r¢cords that are suificient to show and explain the charity's trdnsactlolls and disclose with rewnable aceuracy ai any lime the financial position of the chariiabl¢ company and enable ihem 10 ensure thai th¢ fmancial statements ¢omply wilh the Chariti¢s Ad 2011. the Companies Act 2(X16 and ihe provisions of the Charity's Commission. They 8r¢ also responsible for safeguarding the as15 of the charitable Company and h¢nce for (Aking reasonable steps for the prevention and det¢ction of fraud and other irregulan"ti¢S.
BURY ST EDMUNDS HERITAGE TRUST (A company limited by guirilltee aDd not having 5bre e#pill) Report of the trustees for tb¢ year ended 31 December 2023 (contlnued) SMAII Company Exemption T1Jis report is prepared in accordance wilh stttion 415A of the Companies A 2(K16 relatin8 to small compantes. On behalf of the Bo•rd SlmoD Pott Stepben Cook Slmon Pott - Trustee Steph¢n J Cook- Trustee Date: 3 September 2024
BURY ST EDMUNDS HERITAGE TRUST (A company limited by iuarantee #lld not baTriDg shar¢ capi¢l) Statejnettt of FinADciI A¢tivities for the y¢r ended 31 December 2023 {jDeorpor4ting an illcome Dd expenditure actoll1) Uttreslricted Res¢ricted FuDds Funds Total 2023 Total 2022 Note Income from". i)onations and legacies 2J23 2J23 4,802 Charitable a¢tivities.' Granis r¢¢eived 16,134 16,134 22,071 Oth¢r trnding activilies 74,143 74,143 69,552 Tot81 In¢omt 74fj6 1fi134 92,60 96.425 Expendlture on: Raising funds Chariiable acliviii¢s Op¢ratin8- direct costs ()perating - supw>rt costs io li 12 13 360 96265 12,501 360 108,989 1&490 714 110,354 18,803 12,724 3,995 Total Expelldilure 109,126 11719 125,845 129,871 Net Incomtl(expendlture) and net movement ID fund5 for the yer Trin5fers betw¢¢n funds Fund balaneeg t l Janulry 2023 (32.660) (585) (1,969) 2,554 (33,2451 (33,446) 19 39,468 42,022 75,468 Fulld bAlaDces It 31 Decenhber 20232 19 8,777 ,777 42,022 All arnounts deriv¢ from continuing activities Th¢ statement of financial a¢tivities includes 811 Wdins and 10sse5 recognised in ihe year. Thr notes on pag¢5 8 to 16 fom part of these financial stateMlS.
BURY ST EDMUNDS HERITACE TRUST (A compny limited bv gurantee and not having $h4re capital) Company Number- 6037742 Balance Sbeet at 31 Deeember 2023 Not¢ 2023 2022 Fixed Assets 16 4,894 5,552 Current A$sets Debiors Cash a¢ bank Cash in hand 17 13580 27,007 239 40826 15.517 59.355 268 75,140 Current liabilities Creditors 18 31943 38,670 Net Current a$sets 3,883 36,470 Nel Assets 8,777 42,022 Represented by: Unrestri¢ted Fund Restricted Funds 8,777 39,468 2,554 B*lallre of Funds 19 8,777 42,022 The trusle¢s are Satisfied ihat the company is entiiled io exem]Xion from the provisions of thc Companies Act 2006 (th¢ Act) relating to the audii of ihe financial slalemenis of the year by virtue of section 477, and that no member or members have requesied an audil pursuant io section 476 of the Act. Th¢ trnstees aeknowledBe iheir responsibilities for. (a) ensuring that ihe ¢ompany ke¢ps accouniin8 records which comply with section 386 ofihe Act. (b) pr¢parin8 financial stalements which give a true and fair view of the state of alTairs of the company as al the ¢nd of the financial year and of ils results for the y¢ar then ended in accordance with the requirem¢nts os section 393, and which otherwise comply wilh the requirements of the Act r¢latin¥ to financial statements, 50 far a$ 4pplicable to the company. The financial staiemcnts have been prepared in accordance with the special provisions ofpan 15 of the Compani¢s Act 2006 relating 10 small charitable compani¢s and with th¢ Financial Rcw)ning Standard applicable it] ihc UK and Republic of Ireland (FRS 102). These fmancial statements were approved by the trust¢es on 3 Swunber 2024 and signed on their behalf by.. Simon Pott Stephell Cook Simon Pott Stephen J Cook The notes on pages 8 to 16 forni part of these financial stale1nls.
BURY ST EDMUNDS HERITAGE TRUST (A comp8ny limited by guarntee attd not bvittg 5bre cpitl) Notes formlng part of the fiDanci#l stslemeDts for the year ended 31 December 2023 l General information Bury St Edmunds Herilage Trnst is a company limited by guarantee incoqx)rdtcd in England. It is also a registered ¢harity and subject lo regulation of the Chariiies Commission. The address of ihe r¢gistered office is 79 Whiling Str¢et, Bury Si Edmunds. Suffolk, tP33 INX. 2 Accoulltini Yolicies Bisi5 of prep4ratioD of fiDaDcial 8lat¢ment5 Th¢ ¢harity constitutes a publi¢ benefil enitiy as defined by FRS 102. Th¢ financial stsiements have be¢n prepared in accordance wilh Accounting and Reporting by Chariii¢s.' Staiemeni of Recommended Prdctice applicable to charities preparing iheir accounts in accordan¢¢ wilh the Financial Reporting Standard applicable in th¢ UK and Republic of Ireland (FRS 102) issued on 16 July 2014 (as updated through Updaic Bull¢iin I published on 2 Febnjary 2016 and Updat¢ Bulletin 2 published on 5th October 20181, the Financial Reporting Standard applicable in lh¢ United Kingdom and Republic of Ireland IFRS 102), the Charilies Act 2011. the Companies Aci 2(K)6 and UK Gen¢rally Accepied Practice. The company has revised its fonnat of #ccounls, as provided by the Companies A¢t 2006, 10 include h¢adings whi¢h are relevani io its acliviii¢s thus enabling it lo SlW a and fair view. Income Retognltlon All incoming resources are includ¢d in the Sthi¢m¢ni ofFinancial Activities when the ¢hority is legally entiil¢d to the incom¢ after any p¢rforn]ance ¢onditions hav¢ been met, th¢ amuni can be measur¢d reliably and it is probable that ihe income will be received. The principal sources of income received by the ¢hari¢y are accounied for in ihe Statement of Financial Activities as follows DoDtlony and legA¢les Donations are recognised when ihe cbarity has been nixirl of th¢ gmounls and the settlement dale in writing. If th¢r¢ are conditions allached io the donation and this r¢quires a level of perforn]ance before entitlement ¢an be obtain¢d then income is deferred until ihose conditions are fully mel or the fulfilm¢nt of those CQDditions is within the control of the charity and it is probable ihat they will be fulfilled. For legacies. entitlanenl is th¢ carlier ofihe charity being notified of an impending distribulion or the l¢gacy being re¢¢ived. At this point income is recognised. On occasion legacies will be notified to the charity however At is nol rKpssibl¢ to measure the amounl exp¢cied io be distributed. On these occasions. the l¢gacy is treat¢d as a contillg¢nl asset and dtsclosed. tncome tax recoverable in relation to donations under gifi aid Trs r¢COlSed ai the time of the donaiion.
BURY ST EDMUNDS HERITAGE TRUST (A eompany limlttd by guardntee Dot baving sh•re capital) Notes formiDg part of the fillancial stalemeDts for the ye*r ended 31 December 2023 (¢ODtinued) 2 A¢counting Policies- tODtinued GraDt8 Ineom¢ from grants. wh¢thcr'capilal' grnnis or'revenue, grants, is recognised when the charity has eniitl¢ment to the funds, any perforniancc condiiions aiiach¢d to the grants have been m¢1, it is probable th#t the income will be received #nd the arrtount ¢an be meosur¢d rclithbly and Is not defcrrcd. Expenditure Recognltlon Expenditure is tt¢08nised on an occruals basi$ once there is a legal or conslructiv¢ obligation lo make payment to a ihird party. it is probable that wilemenl will be required and the amounl of the obligation can be measured reliably. Exp¢nditure on choriiable activities ¢omprises direct expendilure attributable io ihe charity'$ principal a¢iiviiies. Governance costs include those cosls associaied wilh meeting th¢ ¢onstitutional and staiutory requirements of the clwity and cosls linked io ihe managemeni of the charity. Costs of raising funds comprise costs incurred in generatin8 funds io support direct charilable activities. Irrecoverable VAT is charged as a cost a8ainsI the activily for which the expenditure is incurr¢d. Fund A¢¢ouDtlng Unre$trlcted Fulld$ :. The general fijnd consists of funds which the trusl may use at its discrelion for lis main objects and derives principally from donations and related gift aid recov¢rics not specifically direcied to proj¢cls. Restrleted FuDds :. Restricted funds con5iSt of funds re¢¢1V for specific projttls on which the donor hos imposed restri¢tions for its application. The cosls of rni5ing and administ¢ring such funds arc charged aLst the specific fund. Fixed Assets #nd DepreelAtlon Tangible assets ar¢ inilially record at cost. and $ubsequently stated al CO less any accumulated depreciation and impairnient10$5¢5. Depreciation is ]CUla1ed so as to write off th¢ $1 of an asset, l¢ss its estillted r¢sidual value, ov¢r the useful life of the asset as follows'.- Fixtu and Fittings Office Equipment IIY/ts Straight line 300/ Sitaight line
BURY ST EDNIUNDS HERITAGE TRUST (A comp4ny limited by gurAntee #nd Dot having share capital) Notes formiDg part of the financial $ttements for th¢ year ended 31 December 2023 (colltRDued) 2 AccountSDg Policies - continued Debton Trdde and oih¢r debtors ar¢ recognised at th¢ sIleMen1 Amount due aftcr any trade dis¢ount off¢r¢d. Prepaymenis are valued 01 the amouni pr¢paid net of any trade dis¢ount5 due. C•$h At bank ID band Cash ai bank and in hand includes cash and short imn highly liquid investments with a short maturity of three monihs or less from the dai¢ of acquisition or opening ofthe deposit or similar accounl. Credltors provi$ioD8 Creditors and provisions are recognised when the chariiy h45 a preseni obligation resulting from 8 past event that will probably result in the iransfer of fvnds io a ihird party and the amounl due lo s¢i¢l¢ the obligation can be MeaSud or estimai¢d reliably. Credilors and provisions ar¢ nOMllY reeognised al their s¢i¢lement amouni after allowing for any irode discounts due. Flnnell instruments The charity only ha5 financial asset5 and financial liabiliiies of a kind ihai qualify as basic financial instruments. Basie financial inslruments are initially recognis al transa¢iion value and subsequently measured 8t ih¢ir settlement value with ihe exception of bank loans which are subsequ¢ntly measur¢d at amortised ¢osi using th¢ etTeclive inler¢si nbod. Golng coll¢erD The financial statem¢nts have prepared on a going concern basis as lh¢ Truslees believe that no material relevani uncertainties ¢xisl. The Trustees have consid¢red ihe level of funds held and the expected level of income and expenditure for 12 months from auihorising these financial statements. The budg¢ted income and expendilure is sufficienl with ihe level ofre5¢rve5 for the charily to be abl¢ lo continu¢ a5 a going concern. 3 Income All income is wholly attributabl¢ to the charitable activily of th¢ company artd arises solely within the United Kingdom. 4 Trustees remunertioD Dd expense5 No trustee received any remunerntion during the year. Expens¢s incurred by Trustees in connection with the activities of the charity and reimburscd during thc yw ar¢ disclosed in note 21. 10
BURY ST EDNIUNDS HERITAGE TRUST (A eOmP#Dy limited by guarantee •lld Dot bavillg shre capital) Notes forming part of the fiDancial sttements for tht yer ended 31 December 2023 (CODtinued) 5 Net Incomingl(outgoiDg) resources 2023 2022 This is stated aft¢r charging.. Ind¢pendent examiners fee 360 714 6 TxAtIo The company as a re8lSl¢red charity is not considered liabl¢ lo tax on its net incoming resources. In¢om¢ lax dedu¢ied at Source is r¢¢overable from HMRC. Gift Aid is rcwverable on qualifying donations. 7 Donation8 UDre5tri¢ted Restricted Total 2023 Total 2022 Donations Tax r¢coverabl¢ on Gift Aid 2J23 2J23 4.608 194 4,802 2J23 2J23 In 2022 all of the donations income was for unrestricted fvnds. 8 Grants During ihe year the followin8 bodt¢s provided grant$:_ Unrestricted Resiricted To¢1 2023 Tot1 2022 Bury St Edmunds Town Council Job Retcntion Scheme Grant West Suffolk Coun¢il - Covid Support 1&134 1@134 15,000 7.071 22.071 1fy134 16,134 In 2022 £15,000 of the grant income was for restricted funds and £7071 foi unreslricted funds. 9 Other IrAding actl*t6es Uore5tricted Restricted Total 2023 Total 2022 Evcnt5 and other income otTice Rental and Utilities V¢nue Hire 10,038 11,933 52,172 74.143 10,038 11,933 52,172 74.143 9,288 I2,3 48,261 69,552
BURY ST EDMUNDS HERITAGE TRUST {A comp4ny limited by guarant¢e aDd Do¢ bving shre ¢apit41) Notes forming part of the finaneil st•t¢entS for the year eDded 31 December 2023 (CODtiDued) 10 Cost of rlslDg funds Unrestrl¢t¢d Restricted TotAI 2023 To¢•1 2022 Generdl fundraising ¢OSts I l Expendlture on charitable #ctlvlties Unrestrlrted Re8trieted Tot•1 2023 To¢#1 2022 Governance costs 360 300 360 360 714 714 In 2022. all of the expendiiur¢ on ¢haritsble activitics was for unrestricted funds. 12 Dlre¢l ¢o$ts Opertlon Opertlng ociht Costs Cwuildhall VDrestrlcted Re5trlcted TotAI 2023 TotAI 2022 Rent, rai¢s. water and refu Lighi and heat Se¢urity R¢pairs and maintenance tnsurance Promotional Card charges Purchases, exhibition and ev¢nt expenses Wages and Salaries 2,430 989 2574 7,182 7,545 4,496 12 2,422 62,815 96265 2,4JO 7.789 2J74 7,182 745 7J19 12 10,023 64J15 108.989 2,936 9,664 2,404 6,775 5,998 7.900 18 11,682 62.977 110,354 800 2023 7,601 1,500 12,724 In 2022. of the expendilure on direct costs, £98,308 was for unresirithed funds and £12,046 was for r¢stricted fimds. 12
BURY ST EDMUNDS HERITAGE TRUST (A compDy limited by guarantee Dd not h•viDg 5bare eapllal) Notes forming part of the f1¢1•1 sttement$ for tbe year ended 31 December 2023 (Continued) 13 Support eo$t8 Operation of tbe Culldb•ll Restricted Total 2023 Operatlng Costs Unr¢5trirted Totil 2022 flpgning Communication c05tS Office Administration Servi¢¢s Bkkeep]llg & Professional fees Depreciation Gard¢n costs 1,484 S,443 4,279 151) 1,142 204 12,501 450 1,9J4 8,988 4,279 (51) 1,142 204 16,496 4,592 6,771 1,276 4.680 1,132 352 18,803 3545 3,995 In 2022, of the ¢xpenditure on support costs. £18,403 was for unrestricted funds and £400 for restricted fijnds. 14 Stiff cogt$ 2023 2022 Staff costs were as follows- Wa8es and $8laries.' Gross salaries Social securiiy Costs Employer p¢nsion costs 63,159 61,784 1,156 64JlS 1,193 62.977 The aYera8e mon¢hly numb¢r ofemployees during ihe year was as follows: 2023 2022 Iyo. Part tlme $taff: Service and operational staff Part time staff: Manag¢m¢nt and administration None of th¢ trustees receiv¢ remuneration or any other ben¢fit from their work with the charity. 15 Goven)Dce costs Governance costs comprise the Indend¢nt Examiners Fee of £360 {2022- £714). 13
BURY ST EDMUNDS HEIUTAGE TRUST (A company limited by guarantee #nd Do¢ bTriDg shr¢ capi¢81) Not¢$ formiDg part of the financial st#tements for the yer eDded 31 De¢ember 2023 (coDtiDued) 16 Fixed Assets Plnt & Equipment Flxtures & Fittings Ol¢e Equipment Total Cost Al I si January 2023 Addiiions At 31st De¢¢mber 2023 1,961 SJ17 1,869 9,147 2,445 5317 1,869 9,631 D¢preciAtio Balance at I si January 2023 Charge for year At 31 st D¢¢¢mber 2023 588 -124 912 1.874 533 2,407 1,133 285 1,418 .3,59S 1,142 4,737 C•rrylng Amount At 31st tkccmber 2023 I,SJ3 2,910 451 4,894 Ai 31 st Dttemb¢r 2022 lJ73 3.443 736 5.552 17 Deb¢or$ 2023 2022 Gift Aid recoverable Trdde debtors Prepayments 695 3,410 9,475 13.580 695 5.632 9.190 15,517 18 Credlton 2023 2022 Trade cr¢ditors Accruals and deferred income Chh¢r Creditors 19,701 17,017 225 36,943 9,907 28,538 225 38.670 14
BURY ST EDMUNDS HERITAGE TRUST (A company litDited by guarantee and Dot shre ¢•pit41 Notes forming part of tbe finaneil stxtemeDts for the yer ended 31 Deeember 2023 {CODtinu¢d) 19 FuDds B#lance at Ineoming Resources Outgoing Resources Balance at 31.12.23 01.01.23 Transfers Unrtstrlcted General Fund 39,408 7A466 109.126 1,969 8,777 Restricted Futtd$ Bury Si ELliiiuiJds Town Councll 2&54 1fy134 16,71 (1.969) 2,554 16.134 16,719 Total Funds 42,022 92.fAIO 125145 ,777 The Bury Si Edmutmls Town Council granl is fimding iowards the"Love & Wrf Exhibition. Funds Balance ai 01.01.22 Incoming Resources Outgoing Resources Balance al 31.12.22 Transfers PRIOR YEAR UDrestrlcted Gener1 Fund 75,468 81.425 lJ7,425 39.408 Re$¢rl¢ted FuDds Bury St Edmunds Town Council 15.000 iJ.000 J2.440 12.446 2.554 2,554 Total Fundi 75.408 Y6.425 129.871 42.1122 20 An*ly$l$ of Nel Assets Between FuDds Unre5tricied Restricted Total 2023 Total 2022 CURRENT YEAR Fixed Assets Debtors Cash at bank Creditors 4094 13,580 27.246 (36,943) ,777 4094 13,580 27,246 (36,943) ,777 5,552 15,517 59,623 {38,670) 42,022 Unresiricled Resiricied Tolal 2022 Tolal 202J PRIOR YEAR Fix¢d Assets Debtors Cash at bank Trade creditors 5,552 J5,517 50,(109 (57.070) 39,468 5,552 15,517 59.623 (38,670) 42.022 5.009 JO, 797 86,099 (33,037) 75.468 3,554 (1.000) 2.554 15
BURY ST EDMUNDS HERITAGE TRUST (A company limited by guarantee and llot b•viDg share cpitl) Note5 forming part of the financial statenhents for the year eded 31 December 2023 (Continued) 21 Related Party Tr8ll$•rtioDS Control Th¢ charity is under th¢ ¢oDlrol of the truste. TrDsttion wlth During the year, Truslees, indemnity insuT4n¢e was provided at O COSI of £222 (2022- £222). During the year, no expenses were reimbursed to Trusiees (2022 - £0). During the year. £0 (2022 - £4,680) was charged by David Roberton & Co for accountsncy and bLK)kkeeping s¢r of which a trusiee Si¢ph¢n Cook is a partner. A¢ ihe balance sheet dai¢ £9.120 was owed to the partnership. There were no oiher Irdnsactions wilh irusltts during the y¢8r other than voluntary donaiions. 22 Member$ Guarantee The ¢ornpany has no sb.ar¢ capital but 1$ limi1 by guaranlee. Ea¢h member is liable lo ¢ontribute an amount not exe¢¢din8 £10 in the eveni of a windin8 UP. 16
BURY ST EDMUNDS HERITAGE TRUST (A company limited bv guarlltee and not hvittg Share upitsl) Independent ExamiDer's report to the Tr$1¢¢3 of Bury St EdmuDds Heritage Trust For tbe year to 31 December 2023 I report lo the charity trusttts on my examination of th¢ accounts of the company for ihc year endcd 31 December 2023 which are sd oui on pages 6 10 16. RespDll$lbiJities and bsl$ of report Ats th¢ charity trntstcc3 of th¢ willyuY al¥v dirlOr5 for ihe purp)ses of company law) you are responsible for the preparation of ihe accounis in accordance Wlth the requirements of the Companie5 Aci 2006 ('th¢ 2006 Act,). Having saiisfL¢d myself thai the accounts of ihe company are not required to be audiled under Part 16 of the 2006 Act and are eligible for Indendent examinaiion, I rewrt in resFct of my examination of your company's accounts as Caled out under section 145 of the Chorilie5 Act 2011 {'Ihe 2011 Aci'l. In canyinby out my examination I have followed the Directions w'ven by the Chariiy Commission under section 145(5)(b) of the 2011 Act. Independent examiner'i $tttmeDt I hove complded my examination. I confirn] ihai no mailers have Come io my attention in conne¢lion with ih¢ examinaiion giving me ¢ouse io believ¢ ihat in any matcrial r¢5rn: accouniin8 records were noi k¢pi in respect ofthe Company as required by section 386 of the 2006 Act. or th¢ accounts do not a¢¢ord with those rccords.. or Ihe a¢count5 do nol comply with Ihe ac¢ountin8 requir¢menis of section 396 of the 20 A¢1 other than any requir¢mcnt thai th¢ ac¢ountS 8lV¢ Vl 'true and f•ir view. which is noi a matter considered as part of an independent ¢xaminalion,' or Ihe accounts havc not been prepared in a¢¢ordance with th¢ meth(hts and principles of the Statement of Recommended Pra¢ii¢e for accounting and reportinB by charilies lapplicable lo charities preparing their accounts in accordanc¢ with the Financial Rep)nin8 Swidard applicabl¢ in thc UK and R¢public of Ir¢land (FRS 102)]. I have no ¢on¢¢rns and have ¢ome across no other matters in 1¢110 with lh¢ examination io which attention should be drawn tn this rert in ord¢r to enable a pr(¥per understhnding of the accounts lo be reaehed. Signed. 6th4 Mr C R¢eve FCA D8t¢'. 17 September 2024 Gascoynes Mos¢l¢ys Barn Business Centre Fontham All Saints Bury St Edmunds Suffolk IP28 6JY 17