Report of the Directors and
Unaudited Financial Statements for the Year Ended 31st July 2021
for
Benington Community Heritage Trust
Benington Community Heritage Trust
| Contents of the Financial Statements | Contents of the Financial Statements |
|---|---|
| for the Year Ended 31st July 2021 |
| Page | |
|---|---|
| Company Information | 1 |
| Report of the Directors | 2 |
| Income Statement | 3 |
| Balance Sheet | 4 |
| Notes to the Financial Statements | 5 |
| Report of the Accountants | 7 |
| Detailed Income and Expenditure Account | 8 |
Benington Community Heritage Trust
Company Information for the Year Ended 31st July 2021
DIRECTORS:
K J Pinner Mrs I M Presgrave Mrs M L Crowder Mrs F Kamsika Ms T Doughty S Donnelly
SECRETARY:
Mrs M L Crowder
REGISTERED OFFICE: The Beonna at All Saints Main Road Benington Boston Lincolnshire PE22 0BT REGISTERED NUMBER: 06307593 (England and Wales)
ACCOUNTANTS: James & Co Accountants Limited Venture House Enterprise Way Boston Lincolnshire PE21 7TW
Page 1
Benington Community Heritage Trust
Report of the Directors for the Year Ended 31st July 2021
The directors present their report with the financial statements of the company for the year ended 31st July 2021.
DIRECTORS
The directors shown below have held office during the whole of the period from 1st August 2020 to the date of this report.
K J Pinner Mrs I M Presgrave Mrs M L Crowder Mrs F Kamsika
Other changes in directors holding office are as follows:
R A Bell - resigned 1st February 2021 Mrs S Saegert - resigned 23rd October 2020 Miss S Harris - resigned 18th December 2020 Ms T Doughty - appointed 31st July 2021 S Donnelly - appointed 4th January 2021
This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.
ON BEHALF OF THE BOARD:
Mrs I M Presgrave - Director
10th February 2022
Page 2
Benington Community Heritage Trust
| Income Statement for the Year Ended 31st July 2021 2021 2020 Notes £ £ TURNOVER 215,334 162,602 Cost of sales 3,619 1,816 GROSS SURPLUS 211,715 160,786 Administrative expenses 67,819 87,208 143,896 73,578 Other operating income 7,657 11,848 OPERATING SURPLUS 4 151,553 85,426 Interest receivable and similar income 151,985 85,478 Interest payable and similar expenses 29,516 - SURPLUS BEFORE TAXATION 122,469 85,478 Tax on surplus - - SURPLUS FOR THE FINANCIAL YEAR |
Income Statement for the Year Ended 31st July 2021 2021 2020 Notes £ £ TURNOVER 215,334 162,602 Cost of sales 3,619 1,816 GROSS SURPLUS 211,715 160,786 Administrative expenses 67,819 87,208 143,896 73,578 Other operating income 7,657 11,848 OPERATING SURPLUS 4 151,553 85,426 Interest receivable and similar income 151,985 85,478 Interest payable and similar expenses 29,516 - SURPLUS BEFORE TAXATION 122,469 85,478 Tax on surplus - - SURPLUS FOR THE FINANCIAL YEAR |
|---|---|
| 211,715 160,786 67,819 87,208 |
|
| 143,896 73,578 7,657 11,848 |
|
| 151,553 85,426 Interest receivable and similar income |
|
| 151,985 85,478 29,516 - 122,469 85,478 - - |
|
| SURPLUS BEFORE TAXATION Tax on surplus |
|
| SURPLUS FOR THE FINANCIAL YEAR |
The notes form part of these financial statements
Page 3
Benington Community Heritage Trust (Registered number: 06307593)
Balance Sheet 31st July 2021
| Notes FIXED ASSETS Tangible assets 5 CURRENT ASSETS Debtors 6 Cash at bank and in hand CREDITORS NET CURRENT ASSETS |
2021 2020 £ £ £ £ 40,550 41,179 2,596 - 264,818 194,298 |
2021 2020 £ £ £ £ 40,550 41,179 2,596 - 264,818 194,298 |
|---|---|---|
| 267,414 194,298 Amounts falling due within one year 7 7,1 |
||
| 260,253 189,061 300,803 230,240 Amounts falling due after more than oneyear 8 |
||
| TOTAL ASSETS LESS CURRENT LIABILITIES CREDITORS NET ASSETS RESERVES Income and expenditure account |
||
| 242,709 120,240 |
||
| 242,709 120,240 |
||
| 242,709 120,240 |
The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st July 2021.
The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 2021 in accordance with Section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for:
(a) ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the Board of Directors and authorised for issue on 10th February 2022 and were signed on its behalf by:
The notes form part of these financial statements
Page 4
Mrs I M Presgrave - Director
The notes form part of these financial statements
Page 4
Benington Community Heritage Trust
Notes to the Financial Statements for the Year Ended 31st July 2021
1. STATUTORY INFORMATION
Benington Community Heritage Trust is a private company, limited by guarantee, registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2. ACCOUNTING POLICIES
Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current or deferred taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to surplus or deficit on a straight line basis over the period of the lease.
3. EMPLOYEES AND DIRECTORS
The average number of employees during the year was 2 (2020 - 2).
4. OPERATING SURPLUS
continued...
Page 5
The operating surplus is stated after charging: Depreciation - owned assets
2021 2020 £ £ 5,184 4,652
continued...
Page 5
Benington Community Heritage Trust
Notes to the Financial Statements - continued for the Year Ended 31st July 2021
5. TANGIBLE FIXED ASSETS
| Plant and machinery etc £ COST At 1st August 2020 50,960 Additions 4,555 At 31st July 2021 55,515 DEPRECIATION At 1st August 2020 9,781 Charge for year 5,184 At 31st July 2021 14,965 NET BOOK VALUE At 31st July 2021 40,550 At 31st July 2020 41,179 6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2021 2020 £ £ Trade debtors 2,596 - 7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2021 2020 £ £ Trade creditors 3,661 1,737 Other creditors 3,500 3,500 7,161 5,237 8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR 2021 2020 £ £ Other creditors 58,094 110,000 |
Plant and machinery etc £ 50,960 4,555 55,515 9,781 5,184 14,965 40,550 41,179 2021 2020 £ £ 2,596 - |
Plant and machinery etc £ 50,960 4,555 55,515 9,781 5,184 14,965 40,550 41,179 2021 2020 £ £ 2,596 - |
|---|---|---|
| 55,515 | ||
| 9,781 5,184 |
||
| 14,965 | ||
| 40,550 | ||
| 41,179 | ||
| 2020 £ - |
||
| 2021 £ 3,661 3,500 |
2020 £ 1,737 3,500 |
|
| 7,161 | 5,237 | |
| 2020 £ 110,000 |
Page 6
Benington Community Heritage Trust
Report of the Accountants to the Directors of Benington Community Heritage Trust
As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31st July 2021 set out on pages three to six and you consider that the company is exempt from an audit.
In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.
James & Co Accountants Limited Venture House Enterprise Way Boston Lincolnshire PE21 7TW
10th February 2022
This page does not form part of the statutory financial statements
Page 7
Benington Community Heritage Trust
Detailed Income and Expenditure Account for the Year Ended 31st July 2021
| Turnover Activities Donations & grants Proceeds from premises sale Cost of sales Direct costs GROSS SURPLUS Other income Sundry receipts Deposit account interest Expenditure Rent Rates and water Insurance Light and heat Wages Telephone Post and stationery Advertising Travelling Licences Repairs and renewals Household and cleaning Course fees Computer costs Sundry expenses Consultancy Accountancy Professional Fees Beonna Project Depreciation of tangible fixed assets Fixtures and fittings Computer equipment Subscriptions Finance costs Bank charges Bank loan interest NET SURPLUS |
2021 2020 £ £ £ £ 15,145 8,433 119,559 154,169 80,630 - |
2021 2020 £ £ £ £ 15,145 8,433 119,559 154,169 80,630 - |
|---|---|---|
| 3,619 1,816 211,715 160,786 7,657 11,848 432 52 219,804 172,686 250 1,614 101 - 5,917 6,808 7,615 8,490 28,607 31,684 1,206 1,204 764 175 1,600 339 - 151 343 100 4,878 7,113 - 381 1,049 - 403 330 50 375 6,679 5,921 888 858 1,945 3,744 - 12,998 4,891 4,446 293 205 174 100 152,151 85,650 166 172 29,516 - 122,469 85,478 |
3,619 1,816 |
|
| 122,469 85,478 |
This page does not form part of the statutory financial statements
Page 8
This page does not form part of the statutory financial statements
Page 8