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