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2023-03-31-accounts

REGISTERED COMPANY NUMBER: 06966992 (England and Wales) REGISTERED CHARITY NUMBER: 1131585

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

CARNEGIE HERITAGE CENTRE LIMITED

Rackham's Chartered Certified Accountants 3 Melton Park Redcliff Road Melton East Yorkshire HU14 3RS

CARNEGIE HERITAGE CENTRE LIMITED

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

Page
Report of the Trustees 1 to 2
Independent Examiner's Report 3
Statement of Financial Activities 4
Balance Sheet 5 to 6
Notes to the Financial Statements 7 to 15
Detailed Statement of Financial Activities 16 to 17

CARNEGIE HERITAGE CENTRE LIMITED

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES Objectives and aims

The Charitable Company's principal activities are to preserve and protect the Carnegie Library as a building of historical and architectural importance for the residents of Newington and the public at large, and to advance public education through the provision of a library and a heritage centre for the promotion of local history.

ACHIEVEMENT AND PERFORMANCE

Charitable activities

The Trustees of Carnegie Heritage Centre report that the year ending March 2023 was a much fuller year compared to the previous two years both being interrupted with Covid.

As well as our open to everyone activities focusing on local and family history on Tuesdays and Fridays, we delivered six training courses for family history for 5 weeks at a time during term times. In June we held our first local transport exhibition with displays of local vintage vehicles in the nearby park as well an exhibition of local transport memorabilia at the Centre. This was very popular and enjoyed great support. We thank Hull City Council for permission to use the park and for funding the insurance costs involved. During the year we offered work experience placements for 4 students interested in local history. Also, during the year, we worked with local companies Smith & Nephew providing archive material and Sam Allon Ltd collecting, analysing and cataloguing donated photographs. We received during the year, local military records from Hull People's Memorial for safe keeping. In September, we participated in Heritage Open Days and attended the local history book fair at Hull Minster. In October we held the Hull Fair exhibition of the Fairground Society which is always very popular. We are thankful to have received a wonderful grant for new IT equipment from The Sir James Reckitt Charity as well as an unrestricted grant during the year from them. During the year, our R38 Disaster project was completed with website pages going live and which was supported by a promotional leaflet and professional evaluation for the funders.

Financially, income was up on the previous year as was expenditure, overall, income was £28,391 (£20,827) with expenditure at £24,299 (£20,940). We would especially wish to thank the Trustees of The Sir James Reckitt Charity for their wonderful support this year and congratulate them for their 100th year. We also wish to thank the Humber Museum Partnership, and Hull City Council and all the numerous individuals who made donations.

Finally, the Trustees wish to thank all the volunteers at the centre for their dedication and continuing support which makes Carnegie Heritage Centre so special.

FINANCIAL REVIEW

Reserves policy

It is the policy of the charity to hold liquid unrestricted funds at a level sufficient to cover costs for a period of 12 months.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Recruitment and appointment of new trustees

Appointment of trustees is governed by the Articles of the Company and the Board is authorised to fill vacancies arising through the death or resignation of an existing trustee on a temporary basis until the next Annual General Meeting.

Page 1

CARNEGIE HERITAGE CENTRE LIMITED

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023

STRUCTURE, GOVERNANCE AND MANAGEMENT Induction and training of new trustees

New trustees are invited to attend committee meetings in order that they may judge the level of commitment and responsibilities that are involved with being a trustee.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number

06966992 (England and Wales)

Registered Charity number

1131585

Registered office

Carnegie Heritage Centre 342 Anlaby Road Hull East Yorkshire HU3 6JA

Trustees

E Shepherd P D Taylor S Ingram M Sharman C West D Ostler A Knox S M Almond (resigned 19.11.2022) A R Deighton F L Sylvester (appointed 19.11.2022)

Company Secretary

P D Taylor

Independent Examiner

T M Rackham Rackham's Chartered Certified Accountants 3 Melton Park Redcliff Road Melton East Yorkshire HU14 3RS

Approved by order of the board of trustees on 18 October 2023 and signed on its behalf by:

P D Taylor - Trustee

Page 2

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CARNEGIE HERITAGE CENTRE LIMITED

Independent examiner's report to the trustees of Carnegie Heritage Centre Limited ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2023.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

T M Rackham

Rackham's Chartered Certified Accountants 3 Melton Park Redcliff Road Melton East Yorkshire HU14 3RS

18 October 2023

Page 3

CARNEGIE HERITAGE CENTRE LIMITED

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2023

Unrestricted
Restricted
funds
funds
Notes
£
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
8,308
9,125
Charitable activities
5
Charitable Activity Income
8,165
-
Other trading activities
3
2,746
-
Investment income
4
47
-
Total
19,266
9,125
EXPENDITURE ON
Raising funds
6
11
-
Charitable activities
7
Charitable Activity Expenses
18,349
4,743
Charity Governance
1,196
-
Total
19,556
4,743
NET INCOME/(EXPENDITURE)
(290)
4,382
RECONCILIATION OF FUNDS
Total funds brought forward
30,939
3,708
TOTAL FUNDS CARRIED FORWARD
30,649
8,090
2023
Total
funds
£
17,433
8,165
2,746
47
28,391
11
23,092
1,196
24,299
4,092
34,647
38,739
2022
Total
funds
£
9,626
7,457
3,744
-
20,827
16
19,456
1,468
20,940
(113)
34,760
34,647

The notes form part of these financial statements

Page 4

CARNEGIE HERITAGE CENTRE LIMITED

BALANCE SHEET 31 MARCH 2023

Unrestricted
Restricted
funds
funds
Notes
£
£
FIXED ASSETS
Tangible assets
14
2,233
8,090
CURRENT ASSETS
Debtors
15
483
-
Cash at bank and in hand
29,670
-
30,153
-
CREDITORS
Amounts falling due within one year
16
(1,737)
-
NET CURRENT ASSETS
28,416
-
TOTAL ASSETS LESS CURRENT
LIABILITIES
30,649
8,090
NET ASSETS
30,649
8,090
FUNDS
17
Unrestricted funds
Restricted funds
TOTAL FUNDS
2023
Total
funds
£
10,323
483
29,670
30,153
(1,737)
28,416
38,739
38,739
30,649
8,090
38,739
2022
Total
funds
£
5,642
340
29,947
30,287
(1,282)
29,005
34,647
34,647
30,939
3,708
34,647

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

The notes form part of these financial statements

Page 5

continued...

CARNEGIE HERITAGE CENTRE LIMITED

BALANCE SHEET - continued 31 MARCH 2023

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 18 October 2023 and were signed on its behalf by:

S Ingram - Trustee

The notes form part of these financial statements

Page 6

CARNEGIE HERITAGE CENTRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Equipment - 25% on reducing balance

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

2. DONATIONS AND LEGACIES

DONATIONS AND LEGACIES
Donations
Gift aid
Grants
2023
£
2,825
483
14,125
17,433
2022
£
1,786
340
7,500
9,626

continued...

Page 7

CARNEGIE HERITAGE CENTRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023

2. DONATIONS AND LEGACIES - continued

Grants received, included in the above, are as follows:

2023 2022
£ £
Sir James Reckitt Charity 13,295 2,500
Hull City Council 400 -
Arnold Clark Community Fund - 1,000
Longhill Kinship - 1,000
East Yorkshire Genealogical Services - 300
Sandtoft Trolleybus Museum - 100
Humber Museum Partnership 430 2,450
Fjordj Limited - 150
14,125 7,500
3. OTHER TRADING ACTIVITIES
2023 2022
£ £
Fundraising events 303 424
Sale of Donated Goods 293 200
Rents 2,150 3,120
2,746 3,744
4. INVESTMENT INCOME
2023 2022
£ £
Bank Interest 47 -
5. INCOME FROM CHARITABLE ACTIVITIES
2023 2022
Charitable
Activity Total
Income activities
£ £
Publication Sales 3,031 2,498
Prints & Copies 269 267
Rents 3,668 3,187
Educational Events 1,197 1,505
8,165 7,457

continued...

Page 8

CARNEGIE HERITAGE CENTRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023

6. RAISING FUNDS

Other trading activities

2023
£
Purchases
11
7.
CHARITABLE ACTIVITIES COSTS
Direct
Support
Costs (see
costs (see
note 8)
note 9)
£
£
Charitable Activity Expenses
23,092
-
Charity Governance
-
1,196
23,092
1,196
8.
DIRECT COSTS OF CHARITABLE ACTIVITIES
2023
£
Volunteer Expenses
329
Heat and Light
6,109
Rent and Rates
693
Insurance
1,482
Maintenance
2,329
Publications Sales Costs
1,763
Volunteer Training
600
Publicity & Marketing
793
Sundry Equipment
505
Telephone and Broadband
972
Depreciation
3,420
Learning Resources Costs
4,038
Loss on sale of assets
59
23,092
2022
£
16
Totals
£
23,092
1,196
24,288
2022
£
352
4,201
788
645
4,169
1,672
9
386
523
936
1,881
3,894
-
19,456

continued...

Page 9

CARNEGIE HERITAGE CENTRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023

9. SUPPORT COSTS

SUPPORT COSTS
Governance
costs
£
Charity Governance 1,196

10. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

2023 2022
£ £
Depreciation - owned assets 3,420 1,881
Deficit on disposal of fixed assets 59 -

11. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2023 nor for the year ended 31 March 2022.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2023 nor for the year ended 31 March 2022.

12. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted
Restricted
funds
funds
£
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
7,026
2,600
Charitable activities
Charitable Activity Income
7,457
-
Other trading activities
3,744
-
Total
18,227
2,600
EXPENDITURE ON
Raising funds
16
-
Charitable activities
Charitable Activity Expenses
17,243
2,213
Charity Governance
1,468
-
Total
18,727
2,213
NET INCOME/(EXPENDITURE)
(500)
387
RECONCILIATION OF FUNDS
Total funds brought forward
31,439
3,321
Total
funds
£
9,626
7,457
3,744
20,827
16
19,456
1,468
20,940
(113)
34,760

continued...

Page 10

CARNEGIE HERITAGE CENTRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023

12. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted Restricted Total
funds funds funds
£ £ £
TOTAL FUNDS CARRIED FORWARD 30,939 3,708 34,647
13. STAFF
There were no employees during the year.
14. TANGIBLE FIXED ASSETS
Equipment
£
COST
At 1 April 2022 35,641
Additions 8,310
Disposals (661)
At 31 March 2023 43,290
DEPRECIATION
At 1 April 2022 29,999
Charge for year 3,420
Eliminated on disposal (452)
At 31 March 2023 32,967
NET BOOK VALUE
At 31 March 2023 10,323
At 31 March 2022 5,642
15. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors 483 340

continued...

Page 11

CARNEGIE HERITAGE CENTRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023

16. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Accruals and deferred income
Accrued expenses
2023
£
-
1,737
1,737
2022
£
175
1,107
1,282

17. MOVEMENT IN FUNDS

MOVEMENT IN FUNDS
Net Transfers
movement between At
At 1.4.22 in funds funds 31.3.23
£ £ £ £
Unrestricted funds
General fund 27,788 434 194 28,416
Fixed Assets 3,151 (724) (194) 2,233
30,939 (290) - 30,649
Restricted funds
Fixed Assets 2,491 (2,696) 8,295 8,090
Sir James Reckitt Charity - 8,295 (8,295) -
Humber Museum Partnership 1,217 (1,217) - -
3,708 4,382 - 8,090
TOTAL FUNDS 34,647 4,092 - 38,739
Net movement in funds, included in the above are as follows:
Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 19,266 (18,832) 434
Fixed Assets - (724) (724)
19,266 (19,556) (290)
Restricted funds
Fixed Assets - (2,696) (2,696)
Sir James Reckitt Charity 8,295 - 8,295
Humber Museum Partnership 430 (1,647) (1,217)
Hull City Council 400 (400) -
9,125 (4,743) 4,382
TOTAL FUNDS 28,391 (24,299) 4,092

continued...

Page 12

CARNEGIE HERITAGE CENTRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023

17. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Net
movement At
At 1.4.21 in funds 31.3.22
£ £ £
Unrestricted funds
General fund 27,237 551 27,788
Fixed Assets 4,202 (1,051) 3,151
31,439 (500) 30,939
Restricted funds
Fixed Assets 3,321 (830) 2,491
Humber Museum Partnership - 1,217 1,217
3,321 387 3,708
TOTAL FUNDS 34,760 (113) 34,647

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 18,227 (17,676) 551
Fixed Assets - (1,051) (1,051)
18,227 (18,727) (500)
Restricted funds
Fixed Assets - (830) (830)
Fjordj - R38 Event 150 (150) -
Humber Museum Partnership 2,450 (1,233) 1,217
2,600 (2,213) 387
TOTAL FUNDS 20,827 (20,940) (113)

continued...

Page 13

CARNEGIE HERITAGE CENTRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023

17. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined position is as follows:

Net Transfers
movement between At
At 1.4.21 in funds funds 31.3.23
£ £ £ £
Unrestricted funds
General fund 27,237 985 194 28,416
Fixed Assets 4,202 (1,775) (194) 2,233
31,439 (790) - 30,649
Restricted funds
Fixed Assets 3,321 (3,526) 8,295 8,090
Sir James Reckitt Charity - 8,295 (8,295) -
3,321 4,769 - 8,090
TOTAL FUNDS 34,760 3,979 - 38,739

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 37,493 (36,508) 985
Fixed Assets - (1,775) (1,775)
37,493 (38,283) (790)
Restricted funds
Fixed Assets - (3,526) (3,526)
Sir James Reckitt Charity 8,295 - 8,295
Fjordj - R38 Event 150 (150) -
Humber Museum Partnership 2,880 (2,880) -
Hull City Council 400 (400) -
11,725 (6,956) 4,769
TOTAL FUNDS 49,218 (45,239) 3,979

continued...

Page 14

CARNEGIE HERITAGE CENTRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023

18. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2023.

Page 15

CARNEGIE HERITAGE CENTRE LIMITED

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023

2023 2022
£ £
INCOME AND ENDOWMENTS
Donations and legacies
Donations 2,825 1,786
Gift aid 483 340
Grants 14,125 7,500
17,433 9,626
Other trading activities
Fundraising events 303 424
Sale of Donated Goods 293 200
Rents 2,150 3,120
2,746 3,744
Investment income
Bank Interest 47 -
Charitable activities
Publication Sales 3,031 2,498
Prints & Copies 269 267
Rents 3,668 3,187
Educational Events 1,197 1,505
8,165 7,457
Total incoming resources 28,391 20,827
EXPENDITURE
Other trading activities
Fundraising Costs 11 16
Charitable activities
Volunteer Expenses 329 352
Heat and Light 6,109 4,201
Rent and Rates 693 788
Insurance 1,482 645
Maintenance 2,329 4,169
Publications Sales Costs 1,763 1,672
Volunteer Training 600 9
Publicity & Marketing 793 386
Sundry Equipment 505 523
Telephone and Broadband 972 936
Depreciation 3,420 1,881
Carried forward 18,995 15,562

This page does not form part of the statutory financial statements

Page 16

CARNEGIE HERITAGE CENTRE LIMITED

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023

2023 2022
£ £
Charitable activities
Brought forward 18,995 15,562
Learning Resources Costs 4,038 3,894
Loss on sale of tangible fixed assets 59 -
23,092 19,456
Support costs
Governance costs
Accounts/ independent exam 1,071 1,022
Fees and charges 125 154
Trustee Meeting/ AGM - 292
1,196 1,468
Total resources expended 24,299 20,940
Net income/(expenditure) 4,092 (113)

This page does not form part of the statutory financial statements

Page 17