Docusign Envelope ID: 3CE03CD4-B099-453F-B574-B715E1C277E6
COMPANY REGISTRATION NUMBER: 06293382 CHARITY REGISTRATION NUMBER: 1135118
The Purbeck Stone Centre Trust Limited Company Limited by Guarantee Unaudited Financial Statements 30 June 2024
MKL ACCOUNTANTS
Chartered Certified Accountants Herston Cross House 230 High Street Swanage Dorset BH19 2PQ
Docusign Envelope ID: 3CE03CD4-B099-453F-B574-B715E1C277E6
The Purbeck Stone Centre Trust Limited
Company Limited by Guarantee
Financial Statements
Year ended 30 June 2024
| Page | |
|---|---|
| Trustees' annual report (incorporating the director's report) | 1 |
| Independent examiner's report to the trustees | 4 |
| Statement of financial activities (including income and | |
| expenditure account) | 5 |
| Statement of financial position | 6 |
| Notes to the financial statements | 7 |
| The following pages do not form part of the financial statements | |
| Detailed statement of financial activities | 15 |
| Notes to the detailed statement of financial activities | 17 |
Docusign Envelope ID: 3CE03CD4-B099-453F-B574-B715E1C277E6
The Purbeck Stone Centre Trust Limited
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report)
Year ended 30 June 2024
The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 30 June 2024.
Chair's report
This year we again focused on our new stone carving and other courses that had been identified, developed and created in the previous year. This approach was rewarded with an increase in course revenue of over 20% compared with the previous year. The courses included new Stone Carving Courses that catered for all levels of experience focusing on creative carving and sculpture, the traditional skills of masonry, and the discipline of letter cutting. We continued to offer our successful have a go and beginner's courses that helped students gain basic skills to progress to our other courses. We also continued to develop and run courses that related to not just the use of Purbeck Stone but also that utilised the amazing Purbeck Environment and history. These courses included drawing, creative writing, and geology each of which took the unique landscape and geology of Purbeck as their inspiration. We also for the first time included sessions in geopoetry into our offerings. We were again commissioned by the National Trust to participate in a three-day bank holiday event at Corfe Castle where our tutors lectured, demonstrated, and taught stone carving skills in relation to the castle's construction. This led to a further commission to participate in the National Trusts one day event at Corfe Castle for their Festival of Cultural Heritage.
After the success of the previous year we again participated in the Purbeck Art Weeks (PAWS) event but this year we combined this with our stone carver's open event where stone carvers from all over were welcomed to attend and utilise our facilities for a small daily charge and are permitted to sell their offerings in our gallery for a small commission. This proved very popular with visitors to PAWS able to see stone works of art being created by skilled craftsmen. We continued to achieve revenue from the letting our venue and the hire of stone carving facilities to individuals and groups. A fund-raising talk in the local village hall by acclaimed British sculptor Peter Randall-Page known for his stone sculpture work, inspired by geometric patterns from nature, was very well attended.
Reference and administrative details
Registered charity name The Purbeck Stone Centre Trust Limited Charity registration number 1135118 Company registration number 06293382 Principal office and registered Burngate Stone Carving Centre office Kingston Road Langton Matravers Swanage Dorset BH19 3BE
The trustees
Ms A Randall Ms J Hayson Mr M Kirby Mr P Corbett Ms S McKeon (Resigned 24 September 2023)
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Docusign Envelope ID: 3CE03CD4-B099-453F-B574-B715E1C277E6
The Purbeck Stone Centre Trust Limited
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 30 June 2024
Independent examiner Kevin Lyons FCCA Herston Cross House 230 High Street Swanage Dorset BH19 2PQ
Structure, governance and management
In this operating year The Purbeck Stone Centre Trust Ltd after a successful period of summer and autumn trading has once more experienced change to its Trustees. A valued trustee resigned due to other commitments and unfortunately, we have no success in recruiting a replacement. The search for additional trustees and volunteers is ongoing and it is hoped with the new focused direction of the charity, people will be more interested in joining. The strategy of maintaining a good reserve was continued and this, with the saving of the revenue from healthy sales of 'Gift Vouchers' for future courses, gave the trustees confidence to take financial decisions to invest in the trust's future.
Objectives and activities
The Burngate Stone Carving Centre was established in 2007 with Heritage Lottery funding with the aims of reviving and supporting the traditional working of stone in Purbeck, to seek the preservation and conservation of the stone working heritage, history, and culture of Purbeck, to educate and inform the public in stone working skills. We meet our aims by operating an educational and training centre where we run commercial courses in stone working skills. ln recent years we have continued to spend time and money ensuring that our buildings are welcoming and safe and well equipped for the delivery of training workshops at all levels. We have a core of professional tutors working across several media as well as stonework. Key policies and processes are in place, and we are committed to reviewing these at Trustee level at regular and appropriate intervals.
The Centre has a permanent selling exhibition of sculptures which is sourced on a sale or return basis mainly from the centre's own tutors.
We also organise courses and projects for disadvantaged and community groups, and Burngate benefits from the partnerships this brings with other local charities and organisations. We are keen to maintain and develop this aspect of our work which provides support and engagement in the Purbeck community, to those suffering from rural isolation and low levels of mental ill-health. We have a successful record of project management, delivery of training workshops for people of all ages and backgrounds and of encouraging the work of local artists. Burngate staff and volunteers have co-ordinated several exhibitions and public awareness-raising events, and the Centre has a growing reputation across the South of England for both creative and educational work, and as a source of advice on stone queries. Particularly over the last few years, Burngate Stone Carving Centre has worked actively with local schools and youth groups to encourage understanding of the place of Purbeck Stone in our local culture and to encourage young people to engage with stone as part of their creative activity. We are actively seeking funds so that we can offer free places on course projects for local children, NHS staff, and carers.
It is still an objective to provide improved toilet and washroom facilities for our staff, visitors, and students but this is dependent on a successful grant application.
2
Docusign Envelope ID: 3CE03CD4-B099-453F-B574-B715E1C277E6
The Purbeck Stone Centre Trust Limited
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 30 June 2024
Strategic report
The following sections for achievements and performance and financial review form the strategic report of the charity.
Achievements and performance
We were very satisfied with the take up of our new courses and the retention of our tutors, volunteers and administrators. This continuity in personnel and their enthusiasm bodes well for the future of the company. The website continued to be a great success and is proving very cost effective in its operation to help the end user to both view the availability of courses and securely book and pay online. We have tried to expand our social media presence to reach a wider population.
Financial review
The trust is, again, pleased to be able to report a surplus from this year's activities and is looking forward to improving on this next year.
Trust Reserve Policy
The Trustees have continued to make the Trust more financially resilient without the need for support grants. A key part of financial governance is still the reserve policy to provide a better buffer against the unexpected, and to ensure we can meet our financial and legal obligations in the unwelcome circumstance that we must close. A second bank account is used to manage our reserve fund, restricted funds, and Gift Voucher receipts. The financial strategy envisages that all core expenditure for the centre will be met by the profits from the courses and events. Project specific grant applications will be sort to allow the expansion into different educational and training activities.
Future Outlook
The trustees are optimistic that the new strategy of concentrating core activities on Purbeck stone within the Purbeck environment will bring both financial stability and renewed interest to recruit both new trustees and volunteers. We are also hoping to enhance both stone carving and other course offerings and by continuing our partnership with the National Trust expand into taking a greater role in the life and activities of the Purbeck area.
We will continue to engage with the local schools and study centres to try and provide interesting and educational opportunities based on the history of quarrying in the Purbeck area. To help facilitate this we are actively seeking grants so that we will be in a financial position to offer projects and course places for local children and in the well being of our local children. One of our long-term objectives is to become a training centre for students and apprentices for all aspects of the stone industry.
The trustees' annual report and the strategic report were approved on 1 January 2025 and signed on behalf of the board of trustees by:
Mr M Kirby Trustee
3
Docusign Envelope ID: 3CE03CD4-B099-453F-B574-B715E1C277E6
The Purbeck Stone Centre Trust Limited
Company Limited by Guarantee
Independent Examiner's Report to the Trustees of The Purbeck Stone Centre Trust Limited
Year ended 30 June 2024
I report to the trustees on my examination of the financial statements of The Purbeck Stone Centre Trust Limited ('the charity') for the year ended 30 June 2024.
Responsibilities and basis of report
As the trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements 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 the 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:
-
accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or
-
the financial statements do not accord with those records; or
-
the financial statements 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
-
the financial statements 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.
Kevin Lyons FCCA Independent Examiner
Herston Cross House 230 High Street Swanage Dorset BH19 2PQ
4
Docusign Envelope ID: 3CE03CD4-B099-453F-B574-B715E1C277E6
The Purbeck Stone Centre Trust Limited
Company Limited by Guarantee
Statement of Financial Activities (including income and expenditure account)
Year ended 30 June 2024
| 2024 | 2024 | 2023 | ||
|---|---|---|---|---|
| Unrestricted | ||||
| funds | Total funds | Total funds | ||
| Note | £ | £ | £ | |
| Income and endowments | ||||
| Donations and legacies | 5 | 120 | 120 | 983 |
| Charitable activities | 6 | 39,592 | 39,592 | 36,064 |
| Other trading activities | 7 | 1,553 | 1,553 | 1,362 |
| Investment income | 8 | 121 | 121 | 44 |
| ---------------------------- | ---------------------------- | ---------------------------- | ||
| Total income | 41,386 | 41,386 | 38,453 | |
| ============================ | ============================ | ============================ | ||
| Expenditure | ||||
| Expenditure on charitable activities | 9,10 | 40,373 | 40,373 | 35,034 |
| ---------------------------- | ---------------------------- | ---------------------------- | ||
| Total expenditure | 40,373 | 40,373 | 35,034 | |
| ============================ | ============================ | ============================ | ||
| ---------------------------- | ---------------------------- | ---------------------------- | ||
| Net income and net movement in funds | 1,013 | 1,013 | 3,419 | |
| ============================ | ============================ | ============================ | ||
| Reconciliation of funds | ||||
| Total funds brought forward | 18,322 | 18,322 | 14,903 | |
| ---------------------------- | ---------------------------- | ---------------------------- | ||
| Total funds carried forward | 19,335 | 19,335 | 18,322 | |
| ============================ | ============================ | ============================ |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages 7 to 13 form part of these financial statements.
5
Docusign Envelope ID: 3CE03CD4-B099-453F-B574-B715E1C277E6
The Purbeck Stone Centre Trust Limited
Company Limited by Guarantee
Statement of Financial Position
30 June 2024
| 2024 | 2023 | ||
|---|---|---|---|
| Note | £ | £ | |
| Fixed assets | |||
| Tangible fixed assets | 15 | 289 | 386 |
| Current assets | |||
| Stocks | 16 | 4,750 | 4,600 |
| Cash at bank and in hand | 14,715 | 13,756 | |
| ---------------------------- | ---------------------------- | ||
| 19,465 | 18,356 | ||
| Creditors: amounts falling due within one year | 17 | 419 | 420 |
| ---------------------------- | ---------------------------- | ||
| Net current assets | 19,046 | 17,936 | |
| ---------------------------- | ---------------------------- | ||
| Total assets less current liabilities | 19,335 | 18,322 | |
| ============================ | ============================ | ||
| Funds of the charity | |||
| Unrestricted funds | 19,335 | 18,322 | |
| ---------------------------- | ---------------------------- | ||
| Total charity funds | 18 | 19,335 ============================ |
18,322 ============================ |
For the year ending 30 June 2024 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
These financial statements were approved by the board of trustees and authorised for issue on 1 January 2025, and are signed on behalf of the board by:
Mr M Kirby Trustee
The notes on pages 7 to 13 form part of these financial statements.
6
Docusign Envelope ID: 3CE03CD4-B099-453F-B574-B715E1C277E6
The Purbeck Stone Centre Trust Limited
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 30 June 2024
1. General information
The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is Burngate Stone Carving Centre, Kingston Road, Langton Matravers, Swanage, Dorset, BH19 3BE.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Companies Act 2006.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
There are no material uncertainties about the charity's ability to continue.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.
7
Docusign Envelope ID: 3CE03CD4-B099-453F-B574-B715E1C277E6
The Purbeck Stone Centre Trust Limited
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 30 June 2024
3. Accounting policies (continued)
Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
-
income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
-
legacy income is recognised when receipt is probable and entitlement is established.
-
income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
-
income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
-
expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods.
-
expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
-
other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
8
Docusign Envelope ID: 3CE03CD4-B099-453F-B574-B715E1C277E6
The Purbeck Stone Centre Trust Limited
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 30 June 2024
3. Accounting policies (continued)
Tangible assets (continued)
An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings - 25% reducing balance Equipment - 25% reducing balance
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Financial instruments
A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs.
9
Docusign Envelope ID: 3CE03CD4-B099-453F-B574-B715E1C277E6
The Purbeck Stone Centre Trust Limited
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 30 June 2024
3. Accounting policies (continued)
Financial instruments (continued)
Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.
Debt instruments are subsequently measured at amortised cost.
Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment.
Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised.
For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Limited by guarantee
The members liability is limited to £1.
5. Donations and legacies
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
|---|---|---|---|---|
| Funds | 2024 | Funds | 2023 | |
| £ | £ | £ | £ | |
| Donations | ||||
| Donations and raffles | 120 | 120 | 983 | 983 |
| ============== | ============== | ============== | ============== |
10
Docusign Envelope ID: 3CE03CD4-B099-453F-B574-B715E1C277E6
The Purbeck Stone Centre Trust Limited
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 30 June 2024
6. Charitable activities
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
|---|---|---|---|---|
| Funds | 2024 | Funds | 2023 | |
| £ | £ | £ | £ | |
| Fees and course income | 26,439 | 26,439 | 23,308 | 23,308 |
| Gallery sales | 1,773 | 1,773 | 3,895 | 3,895 |
| Tea room sales | 221 | 221 | 297 | 297 |
| Sales of stone | 1,131 | 1,131 | 1,490 | 1,490 |
| Gift voucher sales | 3,635 | 3,635 | 3,959 | 3,959 |
| Merchandise sales | 1,149 | 1,149 | 715 | 715 |
| Events and demonstrations | 5,244 | 5,244 | 2,400 | 2,400 |
| ---------------------------- | ---------------------------- | ---------------------------- | ---------------------------- | |
| 39,592 | 39,592 | 36,064 | 36,064 | |
| ============================ | ============================ | ============================ | ============================ |
7. Other trading activities
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
|---|---|---|---|---|
| Funds | 2024 | Funds | 2023 | |
| £ | £ | £ | £ | |
| Venue rental | 1,553 | 1,553 | 1,362 | 1,362 |
| ======================= | ======================= | ======================= | ======================= | |
| Investment income | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
| Funds | 2024 | Funds | 2023 | |
| £ | £ | £ | £ | |
| Interest received | 121 | 121 | 44 | 44 |
| ============== | ============== | ============== | ============== | |
| Expenditure on charitable activities by fund type | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
| Funds | 2024 | Funds | 2023 | |
| £ | £ | £ | £ | |
| Stone carving centre | 39,954 | 39,954 | 34,613 | 34,613 |
| Support costs | 419 | 419 | 421 | 421 |
| ---------------------------- | ---------------------------- | ---------------------------- | ---------------------------- | |
| 40,373 | 40,373 | 35,034 | 35,034 | |
| ============================ | ============================ | ============================ | ============================ | |
| Expenditure on charitable activities by activity type | ||||
| Activities | ||||
| undertaken | Support | Total funds | Total fund | |
| directly | costs | 2024 | 2023 | |
| £ | £ | £ | £ | |
| Stone carving centre | 39,954 | – | 39,954 | 34,613 |
| Governance costs | – | 419 | 419 | 421 |
| ---------------------------- | -------------- | ---------------------------- | ---------------------------- | |
| 39,954 | 419 | 40,373 | 35,034 | |
| ============================ | ============== | ============================ | ============================ |
8. Investment income
9. Expenditure on charitable activities by fund type
10. Expenditure on charitable activities by activity type
11
Docusign Envelope ID: 3CE03CD4-B099-453F-B574-B715E1C277E6
The Purbeck Stone Centre Trust Limited
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 30 June 2024
11. Net income
Net income is stated after charging/(crediting):
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Depreciation of tangible fixed assets | 97 | 129 | |
| ============== | ============== | ||
| 12. | Independent examination fees | ||
| 2024 | 2023 | ||
| £ | £ | ||
| Fees payable to the independent examiner for: | |||
| Independent examination of the financial statements | 420 | 420 | |
| ============== | ============== | ||
| 13. | Staff costs | ||
| The total staff costs and employee benefits for the reporting period are analysed as | follows: | ||
| 2024 | 2023 | ||
| £ | £ | ||
| Wages and salaries | 12,362 ============================ |
10,373 ============================ |
The average head count of employees during the year was Nil (2023: Nil).
No employee received employee benefits of more than £60,000 during the year (2023: Nil).
14. Trustee remuneration and expenses
One trustee received remuneration of £1,502.50 as a self-employed tutor running stone carving courses.
15. Tangible fixed assets
| Fixtures and | |||
|---|---|---|---|
| fittings | Equipment | Total | |
| £ | £ | £ | |
| Cost | |||
| At 1 July 2023 and 30 June 2024 | 179 | 635 | 814 |
| ============== | ============== | ============== | |
| Depreciation | |||
| At 1 July 2023 | 89 | 339 | 428 |
| Charge for the year | 23 | 74 | 97 |
| -------------- | -------------- | -------------- | |
| At 30 June 2024 | 112 | 413 | 525 |
| ============== | ============== | ============== | |
| Carrying amount | |||
| At 30 June 2024 | 67 | 222 | 289 |
| ============== | ============== | ============== | |
| At 30 June 2023 | 90 | 296 | 386 |
| ============== | ============== | ============== |
12
Docusign Envelope ID: 3CE03CD4-B099-453F-B574-B715E1C277E6
The Purbeck Stone Centre Trust Limited
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 30 June 2024
16. Stocks
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Raw materials and consumables | 4,750 | 4,600 |
| ======================= | ======================= | |
| Creditors: amounts falling due within one year | ||
| 2024 | 2023 | |
| £ | £ | |
| Trade creditors | 419 | 420 |
| ============== | ============== |
17. Creditors: amounts falling due within one year
18. Analysis of charitable funds
Unrestricted funds
| Unrestricted funds | |||||
|---|---|---|---|---|---|
| At | |||||
| At | 30 June 202 | ||||
| 1 | July 2023 | Income | Expenditure | 4 | |
| £ | £ | £ | £ | ||
| General funds | 18,322 | 41,386 | (40,373) | 19,335 | |
| ============================ | ============================ | ============================ | ============================ | ||
| At | At | ||||
| 1 | July 2022 | Income | Expenditure | 30 June 2023 | |
| £ | £ | £ | £ | ||
| General funds | 14,903 | 38,453 | (35,034) | 18,322 | |
| ============================ | ============================ | ============================ | ============================ |
13
Docusign Envelope ID: 3CE03CD4-B099-453F-B574-B715E1C277E6
The Purbeck Stone Centre Trust Limited
Company Limited by Guarantee
Management Information
Year ended 30 June 2024
The following pages do not form part of the financial statements.
14
Docusign Envelope ID: 3CE03CD4-B099-453F-B574-B715E1C277E6
The Purbeck Stone Centre Trust Limited
Company Limited by Guarantee
Detailed Statement of Financial Activities
Year ended 30 June 2024
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Income and endowments | ||
| Donations and legacies | ||
| Donations and raffles | 120 | 983 |
| -------------- | -------------- | |
| Charitable activities | ||
| Fees and course income | 26,439 | 23,308 |
| Gallery sales | 1,773 | 3,895 |
| Tea room sales | 221 | 297 |
| Sales of stone | 1,131 | 1,490 |
| Gift voucher sales | 3,635 | 3,959 |
| Merchandise sales | 1,149 | 715 |
| Events and demonstrations | 5,244 | 2,400 |
| ---------------------------- | ---------------------------- | |
| 39,592 | 36,064 | |
| ---------------------------- | ---------------------------- | |
| Other trading activities | ||
| Venue rental | 1,553 | 1,362 |
| ----------------------- | ----------------------- | |
| Investment income | ||
| Interest received | 121 | 44 |
| -------------- | -------------- | |
| ---------------------------- | ---------------------------- | |
| Total income | 41,386 | 38,453 |
| ============================ | ============================ |
15
Docusign Envelope ID: 3CE03CD4-B099-453F-B574-B715E1C277E6
The Purbeck Stone Centre Trust Limited
Company Limited by Guarantee
Detailed Statement of Financial Activities (continued)
Year ended 30 June 2024
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Expenditure | ||
| Expenditure on charitable activities | ||
| Opening stock | 4,600 | 4,500 |
| Purchases | 4,579 | 5,583 |
| Closing stock | 4,750 | 4,600 |
| Wages and salaries | 12,362 | 10,373 |
| Rates and water | 82 | – |
| Light and heat | 750 | 578 |
| Repairs and maintenance | 1,090 | 65 |
| Insurance | 3,171 | 2,796 |
| Other establishment | 853 | 955 |
| Legal and professional fees | 419 | 421 |
| Telephone | 1,117 | 997 |
| Other office costs | 1,609 | 1,250 |
| Depreciation | 97 | 255 |
| Advertising | 818 | 416 |
| Credit card charges | 740 | 635 |
| Payments to tutors | 12,836 | 10,810 |
| ---------------------------- | ---------------------------- | |
| 40,373 | 35,034 | |
| ---------------------------- | ---------------------------- | |
| ---------------------------- | ---------------------------- | |
| Total expenditure | 40,373 | 35,034 |
| ============================ | ============================ | |
| ---------------------------- | ---------------------------- | |
| Net income | 1,013 | 3,419 |
| ============================ | ============================ |
16
Docusign Envelope ID: 3CE03CD4-B099-453F-B574-B715E1C277E6
The Purbeck Stone Centre Trust Limited
Company Limited by Guarantee
Notes to the Detailed Statement of Financial Activities
Year ended 30 June 2024
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Expenditure on charitable activities | ||
| Stone carving centre | ||
| Activities undertaken directly | ||
| Opening stock | 4,600 | 4,500 |
| Purchases | 4,579 | 5,583 |
| Closing stock | (4,750) | (4,600) |
| Wages and salaries | 12,362 | 10,373 |
| Rates and water | 82 | – |
| Light and heat | 750 | 578 |
| Repairs and maintenance | 1,090 | 65 |
| Insurance | 3,171 | 2,796 |
| Other establishment | 853 | 955 |
| Telephone | 1,117 | 997 |
| Other office costs | 1,609 | 1,250 |
| Depreciation | 97 | 255 |
| Advertising | 818 | 416 |
| Credit card charges | 740 | 635 |
| Payments to tutors | 12,836 | 10,810 |
| ---------------------------- | ---------------------------- | |
| 39,954 | 34,613 | |
| ---------------------------- | ---------------------------- | |
| Governance costs | ||
| Accountancy fees | 419 | 421 |
| -------------- | -------------- | |
| ---------------------------- | ---------------------------- | |
| Expenditure on charitable activities | 40,373 | 35,034 |
| ============================ | ============================ |
17