2023-03-31-accounts

Charity Information
Report ofthe Trustees
Report ofthe Independent	Examiner
Statement of Financial Activities
Balance Sheet
Notes to the Financial Statements

TRUSTEES:		P Culpin —Chair
		A Cook
		D Lee
		R Paterson
		AScutt
		M Wakar
		3West
		C Bove (resigned		30August 2023)
		SCarney (resigned 25			May 2023)
		I Bark (appointed		25 May 2023)
		M Collard (appointed			25 May 2023)
REGISTERED OFFICE:		LSI
		51East Street
		Bridport
		Dorset
		DT6 3JX
REGISTERED COMPANY NUMBER:		06864923
REGISTERED CHARITY NUMBER:		1137231
BANKERS:		TSBBank pic
		9West Street
		Bridport
		Dorset
		DT6 3QL
INDEPENDENT	EXAMINER:	Marcus Cridland		B,A.(Hons) F.C.A.
		Scott Vevers Ltd.
		Chartered Accountants
		and Registered	Auditors
		65 East Street
		Bridport
		Dorset
		DT6 3LB

							2023	2022
				Unrestricted	Restricted		Total	Total
				funds	funds	Endowment	funds	funds
			Notes	f	f			f
INCOME
Income and	endowments
from:
Donations and	grants				75,868		75,868	80,691
Other income including trading income				61,878			61,878	39,914
Investment income				952			952	488
Total incoming resources				62,830	75,868		138,698	121,093
EXPENDITURE ON:
Raising funds				33,061			33,061	31,531
Charitable activities				4,433	92,703		97,136	75,574
Total expenditure				37,494	92,703		130,197	107,105
Net income/(expenditure) before transfers				25,336	(16,835)		8,501	13,988
Transfers between		funds	14	(21,882)	21,882
Other recognised		gains and
losses
Net Movement the year	in	Funds for		3,454	5,047		8,501	13,987
TotalFunds:
Brought Forward				2,?28	151,773	2,750,679	2,905,180	2,891,193
Carried Forward			14	6,182	156,820	2,750,679	2,913,681	2,905,180

Company Registration	No.	06&64929		2023		2022
			Notes
Fixed Assets
Tangible assets			9		26,901		33,024
Heritage assets			10		2,750,679		2,750,679
					2,777,580		2,783,703
Current assets
Debtors				6,823		19,583
Cash at bank and	in	hand		182,358		162,666
				189,181		182,249
Creditors: Amounts		falling due within one
year			12	(17,600)		(21,552)
Net current assets					171,581		160,697
Total assets less	current liabilities				2,949,161		2,944,400
Creditors: Amounts		falling due after more
than one year			13		(35,480)		(39,220)
Net assets					2,913,681		2,905,180
The funds ofthe	charity:		14
Restricted Funds					156,820		151„773
Endowment					2,750,679		2,750,679
Unrestricted funds					6,182		2,728
Total charity funds					2,913,681		2,905,180

Donations and grants
	Unrestricted	funds	Restricted	funds	Total
	2023	2022	2023	2022	2023	2022
	f	f	f	f	f	f
Grants			65,069	75,478	65,069	75,478
Donations		4,783	10,799	430	10,799	5,213
		4,783	75,868	75,908	75,868	80,691
Other income including	trading income
	Unrestricted	funds	Restricted	funds	Total
	2023	2022	2023	2022	2023	2022
	f		f		f	f
	42,033	29,560			42,033	29,560
	19,359	9,615			19,359	9,615
	486	739			486	739
	61,878	39,914			61,878	39,914

Other cos	ts ofraising	funds
			2023	2022
			f	f
Promotion	and advertising		10,768	5,817
Utilities			7,247	9,833
Telephone	costs		4,478	4,856
Cleaning			8,137	10,479
project costs				433
Legal and	professional	fees	2,200
Bank charges			231	113
			33,061	31,531

Charitable activit	ies cost	s
		Unrestricted	funds	Restricted	funds	Total
		2023	2022	2023	2022	2023	2022
		f	f	f	f	f	f
project costs				52,842	10,667	52,842	10,667
HLF Resilience costs					22,925		22,925
Wages and salaries				13,934	13,435	13,934	13,435
Travel costs				495	230	495	230
Trustee's indemnity		572	532			572	532
insurance
Building insurance				6,287	4,718	6,287	4,718
Utiliti es				636	455	636	455
Cleaning				47	15	47	15
Telephone costs				257	243	257	243
Printing, postage stationery	and		19	1,272	727	1,272
Promotion and advertising				1,590	1,034	1,656	1,034
Sundry expenses		25	108	208	225	233	333
Bank charges		449	322			449	322
Bad debt written	off				346		346
Depreciation				6,123	6,590	6,123	6,590
Legal and professional fees		35	75	6,942	7,638	6,977	7,713
Accountancy services		3,286	570	2,070	4,700	5,356	5,270
		4,433	1,626	92,703	73,948	97,136	75,574

	No remunerati staff were:	on or exp	ens	es were paid to trustees in the year	(2022:Enil). The	costs ofthe rem	aining
					2023		2022
					f		E
	Wages and salaries				13,725		13,225
	Pension costs				209		210
					13,934		13,435
	No employee	earned more		than f60,000 during the year.
	The number ofstaff employed by the charity during the year was as follows:
					2023		2022
					No.		No.
					1		1
					1
8	Net income/	(expenditure)		for the year
	This is stated	after charging:
					2023		2022
					f		E
	Depreciation	oftangible	fixed assets		6,123		6,590
	Independent	examiner's	remuneration		2,825		2,630
9	Tangible fixed assets
					Furniture &
					equipment	Computer
						equipment	Total
					f	f	f
	Cost or valuation
	As at 1April	2022			55,533	21,948	77,481
	As at 31March 2023				55,533	21,948	77,481
	Depreciation
	As at 1April	2022			22,813	21,644	44,457
	Charge for the year				5,819	304	6,123
	As at 31March 2023				28,632	21,948	50,580
	Net book value
	As at 31March 2023				26,901		26,901
	As at 31March 2022				32,720	304	33,024

Heritage assets
	West Bay	Literary 8
	Methodist	Scientific
	Chapel	Institute	Total
	f	f
Cost. or valuation
As at 1April 2022	148,731	2,601,948	2,750,679
As at 31March 2023	148,731	2,601,948	2,750,679
Depreciation
As at 1April 2022
As at 31March 2023
Net book value
As at 31March 2023	148,731	2,601„948	2,750,679
As at 31March 2022	148,731	2,601,948	2,750,679

Debtors
		2023	2022
		f	f
Debtors and prepayments		3,981	6,243
VAT recoverable		2,689	1,253
Other debtors		153	12,087
		6,823	19,583
Creditors: Amounts	Falling due within one year
		2023	2022
			f
Otherloans		3,740	3,740
Other creditors		5,202	7,350
Accrua Is		8,658	10,462
		17,600	21,552

13	Creditors: Amounts falling due after one	year
				2023		2022
				f		f
	Otherloans			26,180		29,920
	Other creditors			9,300		9,300
				35,480		39,220
	Included in the creditors are the following	amounts	due after more	than five years:
				2023		2022
				f		f
	After more than five years by instalment			11,220		14,960
14	Funds
			Incoming	Resources
	01.04 2022		resources	expended	Transfers	31.03.2023
		f	f	f	f	f
	Restricted funds
	The Bridport Literary and Scientific Institute	87,612	54,701	(68,610)	13,732	87,435
	The West Bay Methodist Chapel	64,161	21,167	(24,093)	8,150	69,385
		151,773	75,868	(92,703)	21,882	156,820
	Endowment funds
	Expendable	2,750,679				2,750,679
		2,750,679				2,750,679
	General Funds
	Unrestricted	2,728	62,830	(37,494)	(21,882)	6,182
		2,728	62,830	(37,494)	(21,882)	6,182
	Total	2,905,180	138,698	(130,197)		2,913,681

									Unrestricted	Restricted	Endowment
									funds	funds	funds	Total
									E	E		E
	Tangible	fixed assets								26,901		26,901
	Heritage	assets									2,750,679	2,750,679
	Current assets								36,102	153,079		189,181
	Current	liabilities							(3,740)	(13,860)		(17,600)
	Creditors	over	1year						(26,180)	(9,300)		(35,480)
	Total funds								6,182	156,820	2,750,679	2,913,681
		2022
	Tangible	fixed	ossets							33,024		33,024
	Heritage	assets									2,750,679	2,750,679
	Current	assets							36,388	145,861		182,249
	Current	liabilities							(3,740)	(17,812)		(21,552)
	Creditors over		1year						(29,920)	(9,300)		(39,220)
	Total funds								2,728	151,773	2,750,679	2,905,180
16	Financial	instruments
										2023		2022
										E		E
	Categorisation		of	financial		instruments:
	Financial	assets	that		are debt		instrument	measured	at amortised
	cost									185,200		176,006
	Financial	liabilities		measured			at amortised	cost		23,160		27,112
	Loan commitments				measured		at cost less	impairment		29,920		33,660
										53,080		60,772