Report of the Directors and
Unaudited Financial Statements for the Year Ended 31st July 2022
for
Benington Community Heritage Trust
Benington Community Heritage Trust
Contents of the Financial Statements
for the Year Ended 31st July 2022
|
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 2022
DIRECTORS:
K J Pinner
Mrs I M Presgrave
Mrs M L Crowder
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 2022
Thedirectorspresenttheirreportwiththefinancialstatementsofthe company
for the year ended 31st July 2022.
DIRECTORS
Thedirectorsshownbelowhaveheldofficeduringthewholeoftheperiod from
1st August 2021 to the date of this report.
K J Pinner
Mrs I M Presgrave
Mrs M L Crowder
Ms T Doughty
S Donnelly
Other changes in directors holding office are as follows:
Mrs F Kamsika - resigned 14th March 2022
ThisreporthasbeenpreparedinaccordancewiththeprovisionsofPart15 of
the Companies Act 2006 relating to small companies.
ON BEHALF OF THE BOARD:
Mrs M L Crowder - Director
6th January 2023
Page 2
Benington Community Heritage Trust
Income Statement
for the Year Ended 31st July 2022
2022
Notes
£
TURNOVER
110,360
Cost of sales
10,901
GROSS SURPLUS
99,459
Administrative expenses
155,735
(56,276)
Other operating income
2,707
OPERATING (DEFICIT)/SURPLUS
4
(53,569)
Interest receivable and
similar income
324
(53,245)
Interest payable and similar
expenses
1,972
(DEFICIT)/SURPLUS BEFORE
TAXATION
(55,217)
Tax on (deficit)/surplus
-
(DEFICIT)/SURPLUS FOR THE
FINANCIAL YEAR
(55,217) |
2021
£
215,334
3,619 |
|
211,715
67,819 |
|
143,896
7,657 |
|
151,553
432 |
|
151,985
29,516 |
|
122,469
- |
|
122,469 |
The notes form part of these financial statements
Page 3
Benington Community Heritage Trust (Registered number: 06307593)
Balance Sheet 31st July 2022
Notes
FIXED ASSETS
Tangible assets
5
CURRENT ASSETS
Debtors
6
Cash at bank and in hand
CREDITORS
Amounts falling due within one
year
7
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
CREDITORS
Amounts falling due after more
than one year
8
NET ASSETS
RESERVES
Income and expenditure account |
2022
£
1,148
166,302
167,450
6,452 |
£
71,128
160,998
232,126
44,634
187,492
187,492
187,492 |
2021
£
2,596
264,818
267,414
7,161 |
£
40,550
260,253 |
|
|
|
|
300,803
58,094 |
|
|
|
|
242,709 |
|
|
|
|
242,709 |
|
|
|
|
242,709 |
ThecompanyisentitledtoexemptionfromauditunderSection477of the
Companies Act 2006 for the year ended 31st July 2022.
Themembershavenotrequiredthecompanytoobtainanauditofits financial
statementsfortheyearended31stJuly2022inaccordancewithSection476 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.
Thefinancialstatementshavebeenpreparedinaccordancewiththe provisions
applicable to companies subject to the small companies regime.
ThefinancialstatementswereapprovedbytheBoardofDirectorsand authorised
for issue on 6th January 2023 and were signed on its behalf by:
Mrs M L Crowder - 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 2022
1.
STATUTORY INFORMATION
BeningtonCommunityHeritageTrustisaprivatecompany,limited by
guarantee,registeredinEnglandandWales.Thecompany'sregistered number
and registered office address can be found on the Company Information page.
2. ACCOUNTING POLICIES
Basis of preparing the financial statements
Thesefinancialstatementshavebeenpreparedinaccordancewith Financial
ReportingStandard102"TheFinancialReportingStandardapplicablein the
UKandRepublicofIreland"includingtheprovisionsofSection1A "Small
Entities"andtheCompaniesAct2006.Thefinancialstatementshave been
prepared under the historical cost convention.
Turnover
Turnoverismeasuredatthefairvalueoftheconsiderationreceived or
receivable,excludingdiscounts,rebates,valueaddedtaxandother sales
taxes.
Tangible fixed assets
Depreciationisprovidedatthefollowingannualratesinorderto write
off each asset over its estimated useful life.
Taxation
Taxationfortheyearcomprisescurrentanddeferredtax.Taxis recognised
intheIncomeStatement,excepttotheextentthatitrelatesto items
recognised in other comprehensive income or directly in equity.
Current or deferred taxation assets and liabilities are not discounted.
Currenttaxisrecognisedattheamountoftaxpayableusingthetax rates
andlawsthathavebeenenactedorsubstantivelyenactedbythe balance
sheet date.
Deferred tax
Deferredtaxisrecognisedinrespectofalltimingdifferencesthat have
originated but not reversed at the balance sheet date.
Timingdifferencesarisefromtheinclusionofincomeandexpensesin tax
assessmentsinperiodsdifferentfromthoseinwhichtheyarerecognised in
financialstatements.Deferredtaxismeasuredusingtaxratesand laws
thathavebeenenactedorsubstantivelyenactedbytheyearendand that
are expected to apply to the reversal of the timing difference.
Unrelievedtaxlossesandotherdeferredtaxassetsarerecognisedonly to
theextentthatitisprobablethattheywillberecoveredagainst the
reversal of deferred tax liabilities or other future taxable profits.
Hire purchase and leasing commitments
Rentalspaidunderoperatingleasesarechargedtosurplusordeficiton a
straight line basis over the period of the lease.
3. EMPLOYEES AND DIRECTORS
The average number of employees during the year was 4 (2021 - 2).
4. OPERATING (DEFICIT)/SURPLUS
The operating deficit (2021 - operating surplus) is stated after charging:
|
2022 |
2021 |
|
£ |
£ |
Depreciation - owned assets |
10,578 |
5,184 |
continued...
Page 5
Benington Community Heritage Trust
Notes to the Financial Statements - continued
for the Year Ended 31st July 2022
5. TANGIBLE FIXED ASSETS
5. |
TANGIBLE FIXED ASSETS |
|
|
|
|
|
Plant and |
|
|
|
machinery |
|
|
|
etc |
|
|
|
£ |
|
COST |
|
|
|
At 1st August 2021 |
|
55,515 |
|
Additions |
|
41,156 |
|
At 31st July 2022 |
|
96,671 |
|
DEPRECIATION |
|
|
|
At 1st August 2021 |
|
14,965 |
|
Charge for year |
|
10,578 |
|
At 31st July 2022 |
|
25,543 |
|
NET BOOK VALUE |
|
|
|
At 31st July 2022 |
|
71,128 |
|
At 31st July 2021 |
|
40,550 |
6. |
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
|
|
|
|
2022 |
2021 |
|
|
£ |
£ |
|
Trade debtors |
1,148 |
2,596 |
7. |
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
|
|
|
|
2022 |
2021 |
|
|
£ |
£ |
|
Trade creditors |
2,952 |
3,661 |
|
Other creditors |
3,500 |
3,500 |
|
|
6,452 |
7,161 |
8. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE |
|
|
|
YEAR |
|
|
|
|
2022 |
2021 |
|
|
£ |
£ |
|
Other creditors |
44,634 |
58,094 |
Page 6
Benington Community Heritage Trust
Report of the Accountants to the Directors of Benington Community Heritage Trust
AsdescribedontheBalanceSheetyouareresponsibleforthepreparationof the
financialstatementsfortheyearended31stJuly2022setoutonpagesthree to
six and you consider that the company is exempt from an audit.
Inaccordancewithyourinstructions,wehavecompiledtheseunaudited financial
statementsinordertoassistyoutofulfilyourstatutory responsibilities,
from the accounting records and information and explanations supplied to us.
James & Co Accountants Limited
Venture House
Enterprise Way
Boston
Lincolnshire
PE21 7TW
6th January 2023
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 2022
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
Hire of plant and machinery
Protective clothing
Telephone
Post and stationery
Advertising
Licences
Repairs and renewals
Household and cleaning
Course fees
Computer costs
Sundry expenses
Consultancy
Accountancy
Professional Fees
Depreciation of tangible fixed
assets
Plant and machinery
Fixtures and fittings
Computer equipment
Subscriptions
Finance costs
Bank charges
Bank loan interest
NET (DEFICIT)/SURPLUS |
2022
£
34,706
75,654
-
2,707
324
250
829
6,830
13,201
66,528
201
352
1,117
1,985
9,477
354
6,462
900
624
988
697
6,600
924
26,255
2,119
7,847
612
300
283
1,972 |
£
110,360
10,901
99,459
3,031
102,490
155,452
(52,962)
2,255
(55,217) |
2021
£
15,145
119,559
80,630
7,657
432
250
101
5,917
7,615
28,607
-
-
1,206
764
1,600
343
4,878
-
1,049
403
50
6,679
888
1,945
-
4,891
293
174
166
29,516 |
£
215,334
3,619 |
|
|
|
|
211,715
8,089 |
|
|
|
|
219,804
67,653 |
|
|
|
|
152,151
29,682 |
|
|
|
|
122,469 |
This page does not form part of the statutory financial statements
Page 8