## **`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 ```