## 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