## **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