Report of the Directors and
Unaudited Financial Statements
for the Period 1st August 2022 to 31st December 2023
for
Benington Community Heritage Trust
Benington Community Heritage Trust
Contents of the Financial Statements for the Period 1st August 2022 to 31st December 2023
| Page | |
|---|---|
| Company Informaton 1 |
|
| Report of the Directors 2 |
|
| Income Statement 3 |
|
| Balance Sheet 4 |
|
| Notes to the Financial Statements | 6 |
| Report of the Accountants 9 |
|
| Detailed Income and Expenditure Account | 10 |
Benington Community Heritage Trust
Company Informaton for the Period 1st August 2022 to 31st December 2023
| DIRECTORS: | K J Pinner |
|---|---|
| Mrs M L Crowder | |
| S Donnelly | |
| Mrs S Peck | |
| 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 Period 1st August 2022 to 31st December 2023
The directors present their report with the financial statements of the company for the period 1st August 2022 to 31st December 2023.
DIRECTORS
The directors shown below have held office during the whole of the period from 1st August 2022 to the date of this report.
K J Pinner Mrs M L Crowder S Donnelly
Other changes in directors holding office are as follows:
Mrs I M Presgrave - resigned 3rd November 2022 Ms T Doughty - resigned 30th June 2023 Mrs S Peck - appointed 3rd February 2023
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 M L Crowder - Director
15th March 2024
Page 2
Benington Community Heritage Trust
Income Statement for the Period 1st August 2022 to 31st December 2023
| Notes TURNOVER Cost of sales GROSS SURPLUS Administratve expenses Other operatng income OPERATING DEFICIT 4 Interestpayable and similar expenses DEFICIT BEFORE TAXATION Tax on defcit |
Period 1.8.22 to Year Ended 31.12.23 31.7.22 £ £ 249,371 110,360 80,483 10,901 168,888 99,459 252,343 155,735 (83,455) (56,276) - 2,707 (83,455) (53,569) Interest receivable and similar income 2,44 6 324 (81,009) (53,245) 1,647 1,972 (82,656) (55,217) - - DEFICIT FOR THE FINANCIAL PERIOD (82,6 56) (55,217) |
|---|---|
The notes form part of these financial statements
Page 3
Benington Community Heritage Trust (Registered number: 06307593)
Balance Sheet 31st December 2023
| Notes FIXED ASSETS Tangible assets 5 CURRENT ASSETS Stocks Debtors 6 Cash at bank and in hand CREDITORS NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES CREDITORS NET ASSETS RESERVES Income and expenditure account |
2023 £ £ 70,203 1,875 20,213 72,594 94,682 Amounts falling due within one year 7 25,749 68,933 139,136 Amounts falling due afer more than one year 104,836 104,836 104,836 |
2022 £ - 1,148 166,302 167,450 6,452 8 34,300 |
£ 71,128 160,998 232,126 44,634 187,492 187,492 187,492 |
|---|---|---|---|
The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31st December 2023.
The members have not required the company to obtain an audit of its financial statements for the period ended 31st December 2023 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 notes form part of these financial statements
continued...
Page 4
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 notes form part of these financial statements
continued...
Page 4
Benington Community Heritage Trust (Registered number: 06307593)
Balance Sheet - contnued 31st December 2023
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 15th March 2024 and were signed on its behalf by:
Mrs M L Crowder - Director
The notes form part of these financial statements
Page 5
Benington Community Heritage Trust
Notes to the Financial Statements for the Period 1st August 2022 to 31st December 2023
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 fnancial 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 fxed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Taxaton
Taxation for the period 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 period 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.
continued...
Page 6
Benington Community Heritage Trust
Notes to the Financial Statements - contnued for the Period 1st August 2022 to 31st December 2023
2. ACCOUNTING POLICIES - contnued
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 period was 8 (2022 - 4).
4. OPERATING DEFICIT
The operating deficit is stated after charging:
| Period | |||
|---|---|---|---|
| 1.8.22 | |||
| to | Year Ended | ||
| 31.12.23 | 31.7.22 | ||
| £ | £ | ||
| Depreciaton - owned assets | 9,525 | 10,578 | |
| 5. | TANGIBLE FIXED ASSETS | ||
| Plant and | |||
| machinery | |||
| etc | |||
| £ | |||
| COST | |||
| At 1st August 2022 | 96,671 | ||
| Additons | 13,670 | ||
| Disposals | (5,667) | ||
| At 31st December 2023 | 104,674 | ||
| DEPRECIATION | |||
| At 1st August 2022 | 25,543 | ||
| Charge for period | 9,525 | ||
| Eliminated on disposal | (597) | ||
| At 31st December 2023 | 34,471 | ||
| NET BOOK VALUE | |||
| At 31st December 2023 | 70,203 | ||
| At 31st July 2022 | 71,128 |
continued...
Page 7
Benington Community Heritage Trust
Notes to the Financial Statements - contnued for the Period 1st August 2022 to 31st December 2023
| 6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade debtors 7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade creditors Other creditors 8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR Other creditors |
2023 £ 20,213 2023 £ 5,654 20,095 25,749 2023 £ 34,300 |
2022 £ 1,148 2022 £ 2,952 3,500 6,452 2022 £ 44,634 |
|---|---|---|
Page 8
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 period ended 31st December 2023 set out on pages three to eight 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
15th March 2024
This page does not form part of the statutory financial statements
Page 9
Benington Community Heritage Trust
Detailed Income and Expenditure Account for the Period 1st August 2022 to 31st December 2023
| Turnover Actvites Donatons & grants Cost of sales Direct costs Closing stock GROSS SURPLUS Other income Sundry receipts Deposit account interest Expenditure Rent Rates and water Insurance Light and heat Wages Hire of plant and machinery Hire of equipment (prior year) Protectve clothing Telephone Post and statonery Advertsing Licences Repairs and renewals Household and cleaning Course fees Computer costs Sundry expenses Consultancy Accountancy Professional Fees Beonna Project Depreciaton of tangible fxed assets Plant and machinery Carried forward |
Period Year Ended 1.8.22 to 31.12.23 31.7.22 £ £ £ £ 152,292 34,706 97,079 75,654 249,371 110,360 82,358 10,901 (1,875) - 80,483 10,901 168,888 99,459 - 2,707 2,446 324 2,446 3,031 171,334 102,490 250 250 616 829 5,011 6,830 17,529 13,201 119,300 66,528 1,334 201 4,500 - 158 352 2,447 1,117 1,973 1,985 24,121 9,477 1,112 354 5,185 6,462 5,494 900 - 624 1,393 988 407 697 5,440 6,600 1,650 924 6,797 26,255 31,671 - 4,175 2,119 240,563 171,334 146,693 102,490 |
|---|---|
This page does not form part of the statutory financial statements
Page 10
Benington Community Heritage Trust
Detailed Income and Expenditure Account for the Period 1st August 2022 to 31st December 2023
| Period | Year Ended | ||||
|---|---|---|---|---|---|
| 1.8.22 to 31.12.23 | 31.7.22 | ||||
| £ | £ | £ | £ | ||
| Brought forward | 240,563 | 171,334 | 146,693 | 102,490 | |
| Fixtures and ftngs | 4,868 | 7,847 | |||
| Computer equipment | 482 | 612 | |||
| Proft/loss on sale of tangible fxed | |||||
| assets | 569 | - | |||
| Subscriptons | 3,918 | 300 | |||
| Donatons | 1,500 | - | |||
| 251,900 | 155,452 | ||||
| (80,566) | (52,962) | ||||
| Finance costs | |||||
| Bank charges | 443 | 283 | |||
| Bank loan interest | 1,647 | 1,972 | |||
| 2,090 | 2,255 | ||||
| NET DEFICIT | (82,656) | (55,217) |
This page does not form part of the statutory financial statements
Page 11