Charity number: 1127084 Company number: 05378881
The Workington Heritage Group Limited (A company limited by guarantee)
Trustees’ report and financial statements for year ended 31 March 2022
Stamper & Co Accountants
The Workington Heritage Group Limited (A company limited by guarantee)
Contents
| Page | |
|---|---|
| Legaland administrative information | 1 |
| Trustees report | 2-5 |
| Independentexaminers report | 6 |
| Income& ExpenditureAccount | 7 |
| Balance sheet | 8 |
| Fixed Asset Schedule | 9 |
| TrusteesStatement | 10 |
The Workington Heritage Group Limited (A company limited by guarantee)
Legal and administrative information
| Charitynumber | 1127084 |
|---|---|
| Company registration number | 05378881 |
| Registered office | HelenaThompson Museum |
| Park End Road | |
| Workington | |
| CA144DE | |
| Trustees | MrsJM Haughan |
| Mr J Cook | |
| MrAWareing | |
| MrTRyan | |
| MrsAWareing | |
| Mrs E Bates | |
| Secretary | MrsAWareing |
| Accountants | Stamper&CoAccountants |
| Doretti | |
| Cross Lane | |
| Wigton | |
| CA7 9DB | |
| Bankers | HSBCBank Plc |
| 3 Pow Street | |
| Workington | |
| CA143AH |
Page 1
The Workington Heritage Group Limited (A company limited by guarantee)
Report of the trustees (incorporating the directors report)
for the year ended 31 March 2022
The trustees present their report and the financial statements for the year ended 31st March 2022. The trustees who are also directors of The Workington Heritage Group Limited for the purposes of law and who served during the year and up to the date of this report are set out on page 1.
Structure, governance and management
Governing document
The organisation is a charitable company limited by guarantee, incorporated on 1st March 2005. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. In the event of the company being wound up, members are required to contribute an amount not exceeding £1
Recruitment and appointment of trustees
Under the requirements of the Memorandum and Articles of Association, trustees are elected at the Annual General meeting or by invitation from the Board of Directors of Workington Heritage Group Limited. Trustees retire by rotation and may, if willing to act, be reappointed.
The board members areJ Mercia Haughan, John Cook, Gail Inglis, Tom Ryan, Ann Wareing and Eleanor Bates. Tony Wareing is still Chairman and Trustee.
Risk Management
The Trustees have reviewed all risks to which the charity is exposed and have taken steps to mitigate these risks where appropriate. Internal control risks are minimised by the implementation of procedures for authorisation of all transactions and projects. Procedures are in place to ensure compliance with health and safety of staff, volunteers and visitors.
Objectives and activities
Our charity's objects as set out in the company's Memorandum and Articles of Association are to ensure the advancement of education and the public benefit, in particular through the maintenance of historical artefacts, management of museums and organisation of events and publication relevant to the local historical and social development. We have referred to guidance contained in the Charity Commission's general guidance on public benefit when reviewing our aims and objectives.
Main activities undertaken
The charity has continued to work closely with officers of Allerdale Borough Council to ensure the continual successful management of the Helena Thompson Museum, the building and contents of which were left to the people of Workington in the will of Helena Thompson.
Volunteers
The trustees wish to thank the volunteers who in the current year supported Workington Heritage Group Limited by donating time amounting to 10,000 hours free of charge to the company.
Page 2
The Workington Heritage Group Limited (A company limited by guarantee)
Report of the trustees (incorporating the directors report) for the year ended 31 March 2022
The Museum continued to be closed for the first three months of the financial year and the staff were retained on furlough with no reduction in their salaries and the Museum was opened up for visitors and events from July. We were able to apply for Government grants as well as an Arts Council grant which allowed us to reopen under Covid guidelines.
The planned events were limited after opening due to the, understandable, lack of organisations making firm commitments under the Covid restrictions although we started to host some of the delayed weddings and other events.
The building developments commissioned by ABC were completed during the first three months and the staff and volunteers worked extremely hard to clean all areas of the Museum and bring the building back to our high standard of cleanliness.
The new catering facility increased in popularity, especially with visitors and user groups.
We have made concerted efforts to obtain grants to encourage people back into the community and this will prove successful during the coming year.
AJ Wareing
Chairman
Workington Heritage Group Ltd
Page 3
The Workington Heritage Group Limited
(A company limited by guarantee) Report of the trustees (incorporating the directors report) for the year ended 31 March 2022
Financial review
The net incoming resources for the year amounted to £ 10415 . The balance on the unrestricted reserves at 31st March 2022 is £193570 and the restricted reserves are £ 135,852
Reserves policy
It is the policy of the trustees to hold in reserve a minimum of 12 months working capital which is to be found in the Number 2 account at the Workington branch of HSBC.
Principle funding sources
The charity receives an annual grant from Allerdale Borough Council towards the cost of managing the Helena Thompson Museum. Extra funding is obtained through grants, sale of goods, fund raising and donations.
Statement of trustees responsibilities
The trustees (who are also directors of The Workington Heritage Group Limited for the purpose of company law) are responsible for preparing the Trustees Annual Report and the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice,
Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and applications of resources, including the income and expenditure of the charitable company for that period. In preparing these financial statements, the trustees are required to :
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select suitable accounting policies and then apply them consistently;
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~ observe the methods and principles in the Charities SORP;
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~ make judgements and estimates that are reasonable and prudent;
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state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
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~ prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation.
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The Workington Heritage Group Limited (A company limited by guarantee)
Report of the trustees (incorporating the directors report) for the year ended 31 March 2022
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time in the financial position of the charitable company and which enables them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Small company provisions
This report has been prepared in accordance with the special provisions for small companies under Part 15 of the Companies Act 2006.
On behalf of the board
AJ Wareing Director
2 box
Page 5
The Workington Heritage Group Limited (A company limited by guarantee)
Independent examiners report to the trustees on the unaudited financial statements
| report on the accounts of The Workington Heritage Group Limited for the year ended 31st March 2022 set out on pages 8 to 18.
Respective responsibilities of trustees and independent examiner
The charity's trustees (who are also the directors of the company for purposes of company law) are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed. Having satisfied myself that the charity is not subject to an audit under Part 16 of the Companies Act 2006 and is eligible for an independent examination, it is my responsibility to examine the accounts under section 145 of the Charities Act, to follow the procedures laid down in the General Directions given by the Charities Commission under section 145(5) of the Charities Act, and to state whether particular matters have come to my attention.
Basis of Independent examiners statement
My examination was carried out in accordance with the General Directions given by the Charities Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a ‘true and fair view ‘and the report is limited to those matters set out in the statement below.
independent examiners statement
In connection with my examination, no matter has come to my attention:
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(i) which gives me reasonable cause to believe that in any material respect requirements: - to keep proper accounting records in accordance with section 386 of the Companies Act 2006; and
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to prepare accounts which accord with the accounting records, comply with the accounting requirements of section396 of the Companies Act 2006 and with the methods and principles of the Statement Recommended Practice: Accounting and
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Reporting by Charities
have not been met; or
- (ii) to which, in my opinion, attention should be drawn in order to enable a proper
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understanding of the accounts to be reached.
ii
JN Stampér BA Hons
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Stamper & Co Accountants
Page 6
The Workington Heritage Group Limited (A company limited by guarantee)
Income and Expenditure account for the year ended 31 March 2022
Income
£
| Income | |
|---|---|
| Allerdale BCGrants | 66000 |
| Arts CouncilGrant | 7500 |
| Town Council Grants | 5000 |
| University ofManchester Grant | 1100 |
| HMRC -JRS Grant | 6036 |
| Room Hire | 4925 |
| Catering | 11859 |
| ABC Lottery | 36 |
| Interest Received | 25 |
| TotalIncome | 102481 |
Total Income
Expenditure
| Wages | 45480 |
|---|---|
| Pensions | 907 |
| Insurances | 2872 |
| Leasing | 1416 |
| Cleaning | 207 |
| Food & barpurchases | 16059 |
| Printing, stationery& advertising | 1366 |
| Repairs& renewals | 3290 |
| Legal & professional | 1776 |
| Book Keeping | 2200 |
| Licenses | 1710 |
| Telephone& post | 1363 |
| Motorexpenses | 132 |
| BankCharges | 213 |
| Depreciation | 13075 |
Excess of Income over expenditure
(92066) £ 10415
|
Page 7
The Workington Heritage Group Limited {A company limited by guarantee)
Balance sheet as at 31 March 2022
| Fixed Assets | ||
|---|---|---|
| Tangible Assets | 40720 | |
| HeritageAssets | 10150 | |
| 50870 | ||
| CurrentAssets | ||
| Cash atbank& in hand | 275634 | |
| Stock | 5250 | |
| Debtors | 2554 | |
| 283438 | ||
| Current Liabilities | ||
| Creditors | (4886) | |
| 278552 | ||
| £ 329422 | ||
| Capital& Reserves | ||
| Restrictedincomefunds | 135852 | |
| Unrestricted incomefunds | 193570 | |
| £329422 |
}
Page 8
The Workington Heritage Group Limited (A company limited by guarantee)
Fixed Asset Schedule
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eee
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Fixed Assets
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Tangible Assets
Fixtures &
Cost Fittings Collections Total
As at 01/04/21 140387 1495 141882
Additions 13799 13799
eee
As at 31/03/22 154186 1495 155681
eeeeeeeeeeeeSSSSSSSSSSSSFSSSSSSS
Depreciation
As at 01/04/21 101886 --- 101886
Charge for year 13075 — 13075
es
As at 31/03/22 114961 114961
eee
Net book Value
As at 31/03/22 39225 1495 40720
As >
at 31/03/21 38501 1495 39996
eee
Heritage Assets Collections Total
As at 01/04/21 & 31/02/22 10150 10150
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Page 9
Trustees statements required by the Companies Act 2006 for the year ended 31 March 2022
In approving these financial statements as trustees of the company we hereby confirm:
{a) that for the year stated above the company was entitled to the exemption conferred by section 477 of the Companies Act 2006;
{b) that no notice has been deposited at the registered office of the company pursuant to section 476 of the Companies Act 2006 requesting that an audit be conducted for the year ended 31st March 2021.
(c} that we acknowledge our responsibilities for:
(1) ensuring that the company keeps proper accounting records which comply with section 386 of the Companies Act 2006, and
(2) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit or loss for the year then ended in accordance with the requirements of sections 394 and 395, and which otherwise comply with the provisions of the Companies Act relating to financial statements, so far as applicable to the company. These financial statements are prepared in accordance with the special provisions of part 15 of the Companies Act 2006 relating to small companies. The oe 2] og . , financial statements were approved by the board ----~}--—-. 2022 and signed on its behalf by
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A Wareing
Director
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Registration number: 05378881
Page 10