Company Icgistration number.. 06879197 Chatity regÉstration number.. 1135157 The Worksop Priory and Gatehouse Community Trust (A company limiied by guarantee) Annual R¢porl and Financial Statements for the Year Endcd 30 June 2024 Community Accounting Plus Units l & 2 North West 41 Talbot Strei"t Nottingham NCJI 5GL
The Worksop Priorv and Gatehouse Communitv Trust Contents Refercnce and Administralifv'e Details Trustees, Report 2to4 Indepcndcnt Examin¢r's Rcpurt Siatement of Financial ActiN"ities 6t07 Balance Sheet Notes to the Financial Statements 9t0 16
The Worksop Priory and Gatehouse Community Trust Reference and Administrative Details Trustees Frances Walker James Rubie Heather Straw Andred Birch Nigel SicTnberg Sally Elkingtun Monika Rodzos Nicol&s Spicer Chrislopher Scott Philip Jackson James Rubie Secretary Charity Registration Number 1135157 Company Registration Number 06879197 Registered Office thThePriory The Old Abbey School Priorswell Road WORKSOP S80 2BU Independent Examiner John 0rien, employee of Community Accounting Pl5 Units l & 2 North West 41 Talbot Streei Noltingham NGI 5GL Page I
The Worksop Priorv and Gatehouse Community Trust Trustees, Report The trustccs, who are directors for thc PUTpuses of company law. Prcscnl the annual report togcthcr with the rinancial statcm¢nts of the charitable company foi the year ended 30 Junc 2024. Trustees and officers Thc tru5lecb dnd ol'ficers serving during the year 2nd since the ycar cnd there as follows- Trustees= Fiances Walker James Rubie Heaiher Stra Andrca Birch Nigcl Sternberg Sally Elkington Monika Rodios Nicolas Spicer Christopher Scott Philip Jack50n CFraham R)'e (until I l March 2024) John Palmcr (until 14 July 20?4} Secretary.. James Rubie Strueture. governanee and management Nature ofgoverning documenl The charity is a cvmpany limitcd by guarantec and registered charity. 11 is operatcd iindcT the rules of its memorandum and articlcs of association datcd 2410312010. 11 has no sharc capital and thc liabiliiy of each mcmbcT in the event of winding-up is limitcd lo £10. Reertsitment and appointment oftrustees The number of Diicciors %hall bc not Ics5 than threc but is not subject to a maxiinum. At Lach Annual GcncTal Meeting, onc third of the Directors rctire bv rotation. taken as thosc Thhu hai'e been longcst in oftice SillLC their last appuinlment, and n]ay be re-appointcd. The Board mccls between 10 and 12 times per ycar. Objectives and activities Objects The Charity's objects are-. To prcscrve fc)r the bencfit uf the peoplc of Worksop and of the Nation and of the Church, thc Datural, historical. arLhitectural and constructional herilagc of ihe Worksop Pn"ory and Gatchouse togethcr with all associdtcd buildings, struclures. surrounding lands and such i)ther natural, historical. architcctural and c0Th51ructional heritagc as may exist in and on Ihe surrounding lands of Worksop Priory and its (yatehousc. Page 2
The Worksop Priory and Gatehouse Community Trust Trustees, Report Thc Trust ainis to dclivcr a 5UStainable and active future for a heritage a55Ct of national importancc. The project will both engage and Se,e the Community in and aTound the town of Worksop and the Trust will saf¢guard the Worksop Priory Gatehouse as a unique heriiage asset. by ensuting Ihat new, uses will bc introduccd with minimum alieration and maximum public access. The Trust will work to preseThe and interet for fi]ture generations the extensii-e historical, architectural, anistic and Spiritual significance of the Gatehouse and the overall Priory seiting. Furthermore. ihrough the creation ot- appropriate neiv uses, thc Gatehouse project Th'ill make in]portanl contribution to the social and economic regeneration of ihc local con]munity. Public benefit The trustees confirni that they bal'e complied 7th the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefii guidance published by the Charity Commission for England and Wales. Achievements and performance The sole activilics in thc pcriod were the upkeep and improvemcnts made the Gate Elouse. Small companies provision statement This report has been prepared in accordance with the small companies regime under the Companies Act 2006. Statement of Responsibilities The iru51LLs (who are also Ihe directors of The Worksop Priory and CJatehouse c.ommunity Trust for Ihc purposcs of company law) are responsible for prepanng thc trustees, repi)rl and ihc financial sldlcmcnts in accc)rdanc¢ with appliLable l<lW and United Kingdoni Accounting Sianddrds (United Kingdi)m Generally Ac¢¢pted Accounting Practicc), including FRS 102 "Thc Financial Reporting Standard applicable in the UK and Republic of Ireland" Th¢ T¢POrt and accounts havc been prepared in accordance with thc provisions in thc Companies Act 2006 relating to small companie5. Company law rcquires ihe truslees to PTcparc financial sleMents for each tinancial year. Under company law Ihe trustees rnt not approve the financial statements unless ihcy arc satisfied ihal they givc a true and fail view of the %t¢ilL uf affairs of the charlble Lofflpany and of the incoming resource% and application ()r icsourccs, including ils inLomc and expenditure. vf Ihc charitable cl)mpY for that period. In prcparing Ihebe financial statements, thc trustee8 are required to= select suitsble accounling policies and apply them con5iStently: observe the methods and principles in the Charitie5 SORP; makc judgements and c5timatcs that are reasonablc and prudent" slatc whether applicable accounting standards. comprising FRS 102 havc bccn followe(t subjcct to any material departurcs disclosed and explained in the financial statcments,. and prepare the findnrial staiciiicnts on the goiTJg Lonccm basis unless it is inappropriate to presume ihat thc charitablc company will Luntinuc in business. The trnstees are responsible for keeping proper accounting records that can dis¢lose witb reasonable accuracy &t any time the financial position of the charitable company and enable them to ensure ihat the fmancial slatementS Comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the chaTitable company and hencc for taking reasonable stcps for the prevention and deteciiun o( fraud and other irregularities. The irustCC5 ar¢ responsible for thc main¢enanLc and integrity of thc corporate and financial information incllidcd on the charilablc company's websitc. Lcgislation govcrning the preparation and dissemiT)ation of financial slaiements may dit.fer Irom legislation in othei jurisdictions. Page 3
The Worksop Prlorv and Gatehouse Communitv Trust Trustees, Report -rhc annual report i*"as approN'ed by the trnstecs of ihc chanty on ... - and signed on its bchalf by.. Frances Walker Trustee Page 4
The Worksop Priory and Gatehouse Community Trust Independent Examiner's Report to the trustees of The Worksop Priory and Gatehouse CoD]munity Trust ('the Companv,) Independent examiner's report to the tru$t¢¢s of The orksop Priory and Gatehouse Community Trust ('the Company,) I repon tu the ¢harity trusrees on my examination of the accounts of the company for the year ended 30 June 2024. Responsibilities alld basis of report As Ihe charity's tn[eeS of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act.). Having satisficd mysclf thal thc accowits of thc Company are nol required to be audited under Part 16 of thc 2006 Act and are eligible for independent examinaiion. I report in Tespect of my examination of your charity's accounts as carried out under section 145 01 Ihe ChaTities Act 2011 ('the 2011 Act,). In carrying out my examination I have fiolloived the DiieciioDS giTr"en by thc Cliarity Commission under section 145(5)(b) of thc 2011 Act. Independent ¢xaminer'$ statement I have compleled my examination. I Confirni that no matters have come lo nly attention in connection with th¢ examindtion giving rnc cause to beliei-e that in any material respect.. accounting records were not kepl in respect of the Company as required by section 386 olthe 2006 Act,. or 2. the accounts do not acLord 'th those records- or 3. the accounts do not comply with the accouniing requirements of section 396 of the 2006 Act other than any r¢quircn]cnt that ihc accounis give a 'lrn¢ and lair vie, which is not a matter considered is part of an independent examination. or 4. the acLounts havc not been prepared in accordance with the methi)ds and principlcs of the Statement of Recommendcd Practicc for accounting and reporting by cbatitics [applicable tv charities prepaiing their accounts in accordancc wÉth thc Financial Reporting Standard applicable in the LK and Republic of Ir¢land (FRS 102)]. I havc no concerns and hdvc come across no oihcr matters in Connection ivith the examination to whicli attention should be drdwn in this rcport in order to enablc a proper undeisLinding of ihe aLcounts to be reaLhed. nen MSC, FAIA. FCtE. employee of Communiry Accounting Plus Felloiy of the Association of Charity Independcnt Lxaininers lJnits l & 2 North Wesl 41 Talbi)t Strccl Nottingham Dare.. 2410312025 Page 5
The Worksop Priorv and Gatehousc Community Trust Statement of Financial Activities for the Year F.nded 30 June 2024 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses) Unrestricted fund5 Restrirted funds Total 2024 Total 2023 £ (As restated) Note Income aThd Endowments from". Donalion.q and legacic5 Charitable activitics Invcstment incorne 108 108 823 8,562 128 109.374 109.374 421 421 Total income 529 109.374 109,903 9,513 Expenditure on: Charitable actil'ities (2.878) 20,987} (23,865) (12,308) Total expenditure {2.878) (20.987 (23,865) (12,308) Net (cxpcnditure)lincomc Transfers b¢'ccn fund5 12.349) 88,387 88.387 88,387 86,038 12,795} Net movement in funds 86,Oi8 86,038 (2,795) Reconciliation of funds Total tund5 brought forward 16.3.994 16.3.994 16C),789 Total ndS carricd fonvard 14 250.032 250.0.32 163.994 All ot the charity's activitie5 dcriN'e from continuing operations dunng the abowe periods. Thc fun<Lq breakdown for the period 15 shown in notc 14. The nolcs on pages 9 to 16 lorni an integral part of ihesc financial slalemcnt%. Page 6
The Worksop Priory and Gatehouse Community Trust Statement of Financial Activities for the Year Ended 30 June 2024 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses) These are the figures for the previou5 accounting period and are included for comparative purposes Unrestricted Total funds 2023 £ (As r¢statcd) Iyote Income And Endowments from: Donations and legacies Chariiable activities Ini'estment income 823 823 8,562 128 8,562 128 Total inLun]c 9,513 9.513 Expenditure on: Charitable activities {12,308) {12.308) -rola1 expenditurc (K2,308} {12,308) Net expendilure (2.795) (2,795) Nel movemcnt in fill)ds (2,795) (2,795) Rcconciliation of funds Total funds brought forn'ard 166,789 166,789 Total fund5 carricd fonvard 14 163.994 163,994 Th¢ noles on pages 9 to 16 forni an integral part of these financial statements. Page 7
The Worksop Priory and Gatehouse Communitv Trust (Registration number: 06879197) Balance Sheet a5 at 30 June 2024 2024 2023 £ As restated Fixed assets Tangible assets 251,853 145,035 Current assets Dcbiors Cash ai bank and in hand 258 1,291 10 18,959 1.549 18.959 Creditors: Amounts falling due M'ithin one !'egr (480} Net current assets 1,069 18,959 Total assets less current liabilities 252.922 Creditor5: Amounts falling due after more than one vear 12 (2.890) Net asset5 250,032 163,994 Funds of the charit)'- Unrestricted income fund5 Unrcstricted funds 250,032 161,994 Total funds 14 250.032 163,994 For ihe financial year ending 30 June 2024 the charity was entitled to exemplion from audit under section 477 of the Companies Acl 2006 relating io small companies. Directors, rcsponsibilities.. The Inember8 have not required the charity lo obtain an audit of its accounts for the year in qucstion in accvrdance with scclion 476- and The directors acknowlcdge their responsibilities for cotnplying with the rcquiicments of thc ALI with respcct to accounting records and the preparation of accounts. These financial stalcmenis havc bccD prepared in accordance ivith the special provisions relating to companies subject to the small companies regime wiihin Part I S of the Companies Aci 2006_ The finanoial statements on pages 6 10 16 approved by ihe trnstees, authorised lor issue on and si(Fned on their behalf by.. Jam ubie Company secretary and trnstee The notes on pages 9 to 16 form an inleural part of these financial gtatemenls. Page 8
The Worksop Priory and Gatehouse Community Trust Notes to the Financial Statements for the Year Ended 30 June 2024 l Accounting policies Summar), of significant accounting policies and key accounting estinte5 The principal accounting poliiici applicd in the prcpatatiun of ihcsc finanLial stalcmcnts arc sct out bclow. -l-hcsc poliLies have been Lonsisiently applied to all the years presented. unless othetwise statcd. Statement of compliance The tinancial statements have been preped in accordance with Accounting and Reporting by chItIeS.. Statement of. Recommended Praclice (applicable io chan'ties preparing their accounis in accordance 14.ith tlie Financial RLporting Standatd applicable in the LK and Republic of Ireland IFRS 102}) (issued in October 2019) (Charities SORP (FRS 102)), thc F.-inancial Reponing Standard applicablL" in thc UK and Republic of Ireland (FRS 102) and the Companies Aci 2006. Basis of preparation The Worksop Priory and Gatehouse Community Trust meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised ai historical cost or transaction value unless otheTWlSC Stated in the relevani accounting policy notes. Going concern The financial statements have becn prepared on a going concern basis. The trustees assess whether the use of going concern is appropEiat¢ i.e. wheth¢r there are any material uncertaintlcs related to evenis or ronditions thai may casi sigtllficant doubl on ihe ability of the charity to continue as a going conccrn. The trnstees makc this &ssessmeni in rcspect of a period of one year from the date of approi'al of thc flnancial %tal¢mLnts. Exemplion from preparing a cash flow slatement Under the excmption available to sn]aller chariiies the Board of TnteeS has chosen not to include a Statement ot-cash Flow's with.in rhe finaucial statements. Reclassification of comparative amounts The comparative fjgurcs for the previous period have bcen restated to correct the historical treatment of capilal grants and associated building works. IDcome and endowmeDts Voluntary income including donations, gifts. Icgacics and nts that provide Loic funding or are of a general naluic ib reColsed whcn the chanty has ¢niitlemelli lo the income, it is probable that the incurnc will be received and the amount can be measured with sufficient reliability. Donations and legacies t)onatiuns are recogniscd when the charity has been notificd in writing of both the amount and seitlemcnt date. In thc ¢vent that d donation is subjcct to ¢onditions that require a Icvcl of perfotmancc by the charity befoiL' thc charity is entitlcd to the tunds, thc income is dct-crred and not Tccognised until cithcr Ihose conditions arc ]lY met, OT the tulfilment of those conditlonb is wholly within the control of thr charitv and it IS PTobable that ihesc conditions will be fillftilled in the reponing period. Page 9
The Worksop Priory and Gatehouse Communitv Trust Notes to the Financial Statements for the Year Ended 30 June 2024 Inveslment income Dividends are recognised once tbe diN'idend has been declared and notification has been rcceived of the dividend due. Expenditure All expenditurc is rciognibed once there is a Icgal OT constTULtiwe obligation lo that cxpenditure. it is probablu settlemcnt is rL"quired and the amount can be measured rcliably. All L0515 are allocatcd to thc appliLable expenditure heading that aggregate similar costs lo that caleaory. Wheie co.%Ls cannoi bc dircLtly attributed to particular headings thcy have been allocated on a basis con%igtent u'ith the usc of resources, Th'ith central staff costs allocated on thc basis uf time spent. and dcpr¢ciaiion charges allocated on the portion of the asset's use. Other support costs are allocated bgsed on the Spread of staff costs. Churitable activities Charitable expenditurc comprises those cost5 incurred by the charily in the dcliN'cry of its aciiviti¢s and scrviLes for its beneticiarics. It inLludes boih costs that can be allocatcd direcily to such actii'ities and thosc costs of all indirect nature ncccssary to support ihcm. Taxation The charity is considered to pass ihe tests set out in Paragraph I Schedule 6 of the Finance Act 2010 and thcrefore il meets the detinition of a charitable cornpanv for ITK corporation tax purposes. Accordingly, the cliaritv is potentially cxempi from taxation in respect of income or capital gains receiiTed ivithill categories covcicd b}. C.haptcr 3 Part I l of ihe Corpotalion Tax Act 2010 or Section 256 of Ihe Taxalion of C.hargeablc Gains Act 1992, to the extcnt that buch incomc or gains arc applied exclusivcly to Lharitable purp(Trsc.%. Tangible fixed assets Individual fixcd assets costing £500 or mor¢ arc inilially rccordcd at cost: Icss any subsequcnt accumulat¢d dcpieciation and subsequent accumulatcd impaimient 105ses. Depreciatlon and amortisxtion Depreciation is provided on tangible fixed asscts so as to I4Titc off ihe cost or N'aluation, less any estimated rcsidual value. OVCT thcir expected uscful cconomic lifc as folloP5= Asset class Depreciation method and rate Siraight line ovcr thc remaining lifc uf ihe Lcaschold improvcmcnts Trade debtor5 Trade debtors are amounts due from customers for merchandise sold or services perfortncd in the ordinarv course of busincs5. Trade dcbtors are recogniscd inilially at thc tran%a¢lion pricc. They are subscqucnily measurcd ai amortiscd cost using the effectivc intcrc5t metl)od. Ics5 prols1on for impairment. A provision for thc impainnent of trade debtors is cslablished when thcrc is Objecti.C cTridcnce thai thc chaTily will noi bc ablc lo collect all aTnounis due according to the original icrn]s of th¢ receiNablcs. Page 10
The Worksop Priory and Gatehouse Community Trust Iyotes to the Financial Statements for the Year Ended 30 June 2024 Cash and cash equivalents Cash and cash equivalents comprisc cash on hand and call dcposits. and othcr short-tcrni highly liquid investmcnts that arc rcadily coni-crtiblc to a amount of cash and arc subjcct to an insigniticant risk ot LhangTC in value. Fund structure Unrestricted income fiu]ds are general funds that are available for we at the trnstees, discretion in LSJrtheran¢e of the objectives of tbe charity. 2 Income from donations and legacies nrestricted lunds Gcner31 Total 2024 Total 2023 Donations and legacies,. Donations from c¢)mpAnics. trusts and similar procctds 108 108 823 108 108 823 3 Income from charitable activAtie5 Restrict¢d funds Total 2024 Total 2023 Donations & Grants Other income 109.374 109,374 8,562 109,374 109,374 8,562 4 Grants & donations UDrestrided funds Restrict¢d funds Total Sundry Donations HistotiL England Nottinghan]shire County Council 108 108 104,374 5,QOO 104,374 5.000 108 109,374 109,482 5 Investment income Page 11
The Worksop Priory and Gatehouse Communitv Trust Notes to the Financial Statements for the Year Ended 30 June 2024 Unrestricted funds General Total 2024 Total 2023 Interest reccivablc and similar income- Intcrcst receI.able on bank deposits 421 421 128 6 Expenditure cbaritable activities Unrestricted runds General Restricted funds Total 2024 Total 2023 Marketing & publi¢ity Profcssional fees Other expenditure Insurance IT & cquipment Tiaining costs Depreciation 1.881 48U 1.881 480 390 121 121 316 80 316 80 523 188 11,156 20,987 20.987 2.878 20.987 23,865 12,308 7 Net incomingloutgoing resources Net incomingl{outgoing} resources for the year include- 2024 2023 Depreciation of fixed assets ?0,987 11,156 8 Tangible fixed assets Leasehold improNcments Total Cost At l July 2023 Additions 256,596 127,805 256,596 127.805 At 30 June 2024 384,401 384,401 Depreciation At l July 2023 Charg¢ for the ycar 111,561 20,987 111,561 At 30 Junc 2024 132,548 l J2,548 Page 12
The Worksop Priory and Gatehouse Community Trust Notes to the Financial Statements for the Year Ended 30 June 2024 Leasehold improvements Total Net book valve At 30 Junc 2024 251.853 251,853 At 30 June 2023 145,035 145,035 Included ivithin the nei book value of land and buildmgs aboTre is £Nil {2023 - £Nil} in respect of freehold land and buildings and £251.853 {2023 - £145.035) in respect of leaseholds. 9 Debtors 2024 2023 Prcpajinents 258 10 Cash and cash equivalents 2024 2023 Cash at bank 1,291 18,959 11 Creditors: amounts falling due wi¢hiD one )'ear 2024 2023 Other credito 480 12 Creditors: amounts falling due after one vear 2024 2023 Accruals 2,890 Pag¢ 13
The Worksop Priorv and Gatehouse Communitv Trust INotes to the Financial Statements for the Year Ended 30 June 2024 13 Charity statu5 The charity is a company limited by guaTanlcc and consequently docs not have share capital. Each of the trustees is liable to contributc an amount nol ¢xc¢¢ding £10 iowards thc assets of the chatity in the event of liquidation. 14 Funds Balance at 30.lune 2024 Balance at I Juli, 2023 Incomin resources Resources expended Tran5fer5 Unrestricted funds General General fund 163,994 529 (2,878) 88,387 250,032 Restricted funds Building works fund 109.374 (20.987) (88,387) Total funds 163.994 109.903 (23,¥65) 250.032 The specifi¢ purposcs for which the funds are 10 be applicd are as follows= The Building works fund represents funding from Hi51oric England and N'ottinghamshire County Council for the rep&ii and development of the Gatchouse. The transfer from the Building w'orks fund to thc Genernl fimd rcpiesents the nct book value of fixcd assets, the se of which is not subject to any Teslriction. Pagc 14
The Worksop Priory and Gatehouse Community Trust Notes to the Financial Statements for the Year Ended 30 June 2024 Ba12nee at I July 2022 Incoming resources Resources expended Balance at 30 June 2023 £ (As restated} Unrestricted fund$ General General fid 166.789 9,513 (12,308) 163,994 15 Analysis of net assets between funds LTnrestricted 2024 Total funds General Tangible [ed assets Currenl asS¢ts Currcnt Ikabilities Creditors over l year 251,853 1,549 (480) (2.890) 251,853 1,549 {480) (2,890) 2iO,032 Total net assets 250.032 iinreslricted 2023 Total fund5 General Tangible fjxed assets Current asscts 145,035 18.959 145,035 18,959 Total net assets 163,994 163,994 16 Fees pavable to independent Cxgminer During the period, the fees payable {excluding VAT) to the chariry's independent examiner Community Accounting Plus are analysed as follows.. 2024 2023 Independent examination 400 400 Page 15
The Worksop Priory and Gatehouse Communitv Trust INotes to the Financial Statements for the Year Ended 30 June 2024 17 Taxation The charity is a registered charity and is ihcrcfote exempl from taxation. 18 Trustees remuneration and expenses o trustees, nor any pctsons connected Th'ith the have rcceived any remuneration from the charity during the year. No truslccs have received any reimburscd cxpcnses or any other benefits from the charity during the ycar. 19 Related partv transaction5 During the year the charity had the t-ollowing related party transactions". Bassetlaw CI'S The Trust opLrales under a lease for thc Gale House from the Parochial Church Cnuncil at a pcppcrcorn rent (25 years commcnLing March ?O10)- Tl)e Tnist thcn siib lets the Gate House lo Bassetlaw CVS. The rent rcccivable is 500/0 of any surplus from rent. receivcd Icss premises costs. In thc currcnt period, no rent was rccciTr'ed as no surplus w?s made. Father Nicolas Spicer is also a trlte¢ of BaSset1a CVS. At the balance sheet date the amount due toifrom Bassetlaw CVS w.as £Nil (2023 - £Nil). Page 16