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2023-09-30-accounts

REGISTERED COMPANY NUMBER: 09796346 (England and Wales) REGISTERED CHARITY NUMBER: 1164641

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023

FOR

LEIGH BUILDING PRESERVATION TRUST LIMITED

Hayes & Co Chartered Accountants Suite 2 Beswick House Greenfold Way Leigh Lancashire WN7 3XJ

LEIGH BUILDING PRESERVATION TRUST LIMITED

CONTENTS OF THE FINANCIAL STATEMENTS for the year ended 30 September 2023

Page
Report of the Trustees 1
Independent Examiner's Report 2
Statement of Financial Activities 3
Balance Sheet 4 to 5
Notes to the Financial Statements 6 to 12
Detailed Statement of Financial Activities 13 to 14

LEIGH BUILDING PRESERVATION TRUST LIMITED

REPORT OF THE TRUSTEES for the year ended 30 September 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 30 September 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).

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.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number

09796346 (England and Wales)

Registered Charity number

1164641

Registered office

Leigh Spinners Mill Park Lane Leigh Gtr Manchester WN7 2LB

Trustees

P A Costello Retired (resigned 7.7.24) K Cunliffe Retired T Dalton Company Director P D Horrocks Managing Director J S Morrison Managing Director F Nhakaniso Charity Worker J Shaw Local Government Officer L E Edwards Company Director A J Prescott Property Management (appointed 29.4.23) S Grundy Project Manager (appointed 29.4.23)

Company Secretary

J Shaw

Independent Examiner

Hayes & Co Chartered Accountants Suite 2 Beswick House Greenfold Way Leigh Lancashire WN7 3XJ

Approved by order of the board of trustees on 17 September 2024 and signed on its behalf by:

J Shaw - Trustee

Page 1

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF LEIGH BUILDING PRESERVATION TRUST LIMITED

Independent examiner's report to the trustees of Leigh Building Preservation Trust Limited ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 September 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 - matters of concern identified

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies.

I have completed my examination.

During the course of our independent examination of the accounts we identified errors in the bookeeping regarding the allocation of receipts and payments of the charity between restricted and unrestricted funds. Therefore, we have been unable to verify the balances carried forward at the year end in respect of restricted and unrestricted funds in the Balance sheet.

I confirm that no other matters have come to my attention in connection with the examination giving me reasonable cause to believe that in any material respect:

  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

  2. 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; and

  3. 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 confirm that there are no other matters to which your attention should be drawn to enable a proper understanding of the accounts to be reached.

Ian Burns

Hayes & Co Chartered Accountants Suite 2 Beswick House Greenfold Way Leigh Lancashire WN7 3XJ

17 September 2024

Page 2

LEIGH BUILDING PRESERVATION TRUST LIMITED

STATEMENT OF FINANCIAL ACTIVITIES for the year ended 30 September 2023

Unrestricted
fund
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
175,397
Other trading activities
2
3,034
Investment income
3
164,265
Other income
62,581
Total
405,277
EXPENDITURE ON
Raising funds
235,016
Other
85,035
Total
320,051
NET INCOME
85,226
RECONCILIATION OF FUNDS
Total funds brought forward
231,236
TOTAL FUNDS CARRIED FORWARD
316,462		 Restricted
fund
£
-
-
-
27,570
27,570
27,570
-
27,570
-
55,327
55,327		 2023
Total
funds
£
175,397
3,034
164,265
90,151
432,847
262,586
85,035
347,621
85,226
286,563
371,789		 2022
Total
funds
£
10,545
1,405
76,502
335,361
423,813
253,313
60,776
314,089
109,724
176,839
286,563

The notes form part of these financial statements

Page 3

LEIGH BUILDING PRESERVATION TRUST LIMITED

BALANCE SHEET 30 September 2023

Notes
FIXED ASSETS
Tangible assets
9
CURRENT ASSETS
Debtors
10
Cash at bank and in hand
CREDITORS
Amounts falling due within one year
11
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
CREDITORS
Amounts falling due after more than one year
12
ACCRUALS AND DEFERRED INCOME
14
NET ASSETS
FUNDS
15
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Unrestricted
fund
£
748,297
23,761
299,701
323,462
(115,636)
207,826
956,123
(639,661)
-
316,462		 Restricted
fund
£
1,277,493
57,495
-
57,495
(421,065)
(363,570)
913,923
-
(858,596)
55,327		 2023
Total
funds
£
2,025,790
81,256
299,701
380,957
(536,701)
(155,744)
1,870,046
(639,661)
(858,596)
371,789
316,462
55,327
371,789		 2022
Total
funds
£
1,585,658
66,586
111,190
177,776
(420,691)
(242,915)
1,342,743
(170,014)
(886,166)
286,563
231,236
55,327
286,563

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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

continued...

Page 4

LEIGH BUILDING PRESERVATION TRUST LIMITED

BALANCE SHEET - continued 30 September 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 17 September 2024 and were signed on its behalf by:

J Shaw - Trustee

The notes form part of these financial statements

Page 5

LEIGH BUILDING PRESERVATION TRUST LIMITED

NOTES TO THE FINANCIAL STATEMENTS for the year ended 30 September 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.

Long leasehold - 2% on cost Plant and machinery - 20% on cost Motor vehicles - 25% on cost

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.

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

Page 6

continued...

LEIGH BUILDING PRESERVATION TRUST LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 30 September 2023

2. OTHER TRADING ACTIVITIES

Event income
3.
INVESTMENT INCOME
Rents received
4.
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
Depreciation - owned assets		 2023
£
3,034
2023
£
164,265
2023
£
47,272		 2022
£
1,405
2022
£
76,502
2022
£
34,848

5. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 30 September 2023 nor for the year ended 30 September 2022.

Trustees' expenses

There were no trustees' expenses paid for the year ended 30 September 2023 nor for the year ended 30 September 2022.

6. STAFF COSTS

The average monthly number of employees during the year was as follows:

Administration
No employees received emoluments in excess of £60,000.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
10,543
Other trading activities
1,405
Investment income
76,502
Other income
209,312
Total
297,762
EXPENDITURE ON
Raising funds
127,262		 2023
4
Restricted
fund
£
2
-
-
126,049
126,051
126,051		 2022
-
Total
funds
£
10,545
1,405
76,502
335,361
423,813
253,313

7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

continued...

Page 7

LEIGH BUILDING PRESERVATION TRUST LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 30 September 2023

7.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted
Restricted
fund
fund
£
£
Other
60,776
-
Total
188,038
126,051
NET INCOME
109,724
-
RECONCILIATION OF FUNDS
Total funds brought forward
121,512
55,327
TOTAL FUNDS CARRIED FORWARD
231,236
55,327		 Total
funds
£
60,776
314,089
109,724
176,839
286,563

8. GRANT INCOME RECEIVED

Grants received in the year in relation to capital expenditure are carried forward to the following years to the extent that they are not credited in the Statement of Financial Activities against the write down/depreciation of the fixed assets.

Total grant income received by the company in the year, including revenue grants included in the Statement of Financial Activities where, £680,516.

9. TANGIBLE FIXED ASSETS

COST
At 1 October 2022
Additions
At 30 September 2023
DEPRECIATION
At 1 October 2022
Charge for year
At 30 September 2023
NET BOOK VALUE
At 30 September 2023
At 30 September 2022		 Long
leasehold
£
1,658,647
487,404
2,146,051
81,886
42,921
124,807
2,021,244
1,576,761		 Plant and
machinery
£
9,880
-
9,880
6,327
1,976
8,303
1,577
3,553		 Motor
vehicles
£
9,500
-
9,500
4,156
2,375
6,531
2,969
5,344		 Totals
£
1,678,027
487,404
2,165,431
92,369
47,272
139,641
2,025,790
1,585,658

continued...

Page 8

LEIGH BUILDING PRESERVATION TRUST LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 30 September 2023

10.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023
£
Trade debtors
21,995
Other debtors
1,766
Tax
-
VAT
57,495
81,256
11.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023
£
Bank loans and overdrafts (see note 13)
233,837
Other loans (see note 13)
71,797
Trade creditors
214,764
Social security and other taxes
1,967
VAT
11,675
Other creditors
211
Accrued expenses
2,450
536,701
12.
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023
£
Other loans (see note 13)
639,661
Tax
-
639,661
13.
LOANS
An analysis of the maturity of loans is given below:
2023
£
Amounts falling due within one year on demand:
Bank overdrafts
233,837
Other loans
71,797
305,634
Amounts falling due between two and five years:
Other loans - 2-5 years
639,661		 2022
£
12,348
1,766
1,095
51,377
66,586
2022
£
98,747
87,263
228,904
1,777
-
200
3,800		 2022
£
12,348
1,766
1,095
51,377
66,586
420,691
2022
£
168,919
1,095
170,014
2022
£
98,747
87,263
186,010
168,919

continued...

Page 9

LEIGH BUILDING PRESERVATION TRUST LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 30 September 2023

14.
ACCRUALS AND DEFERRED INCOME
Deferred grants
15.
MOVEMENT IN FUNDS
Unrestricted funds
General fund
Restricted funds
Restricted
TOTAL FUNDS
Net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
Restricted funds
Restricted
TOTAL FUNDS
Comparatives for movement in funds
Unrestricted funds
General fund
Restricted funds
Restricted
TOTAL FUNDS		 At
1.10.22
£
231,236
55,327
286,563
Incoming
resources
£
405,277
27,570
432,847
At
1.10.21
£
121,512
55,327
176,839		 2023
2022
£
£
858,596
886,166
Net
movement
At
in funds
30.9.23
£
£
85,226
316,462
-
55,327
85,226
371,789
Resources
Movement
expended
in funds
£
£
(320,051)
85,226
(27,570)
-
(347,621)
85,226
Net
movement
At
in funds
30.9.22
£
£
109,724
231,236
-
55,327
109,724
286,563		 2022
£
886,166
At
30.9.23
£
316,462
55,327
371,789
85,226
At
30.9.22
£
231,236
55,327
286,563

continued...

Page 10

LEIGH BUILDING PRESERVATION TRUST LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 30 September 2023

15. MOVEMENT IN FUNDS - continued

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

Unrestricted funds
General fund
Restricted funds
Restricted
TOTAL FUNDS		 Incoming
resources
£
297,762
126,051
423,813		 Resources
Movement
expended
in funds
£
£
(188,038)
109,724
(126,051)
-
(314,089)
109,724		 Resources
Movement
expended
in funds
£
£
(188,038)
109,724
(126,051)
-
(314,089)
109,724
109,724

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

Unrestricted funds
General fund
Restricted funds
Restricted
TOTAL FUNDS		 At
1.10.21
£
121,512
55,327
176,839		 Net
movement
in funds
£
194,950
-
194,950		 At
30.9.23
£
316,462
55,327
371,789

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

Unrestricted funds
General fund
Restricted funds
Restricted
TOTAL FUNDS		 Incoming
resources
£
703,039
153,621
856,660		 Resources
Movement
expended
in funds
£
£
(508,089)
194,950
(153,621)
-
(661,710)
194,950		 Resources
Movement
expended
in funds
£
£
(508,089)
194,950
(153,621)
-
(661,710)
194,950
194,950

continued...

Page 11

LEIGH BUILDING PRESERVATION TRUST LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 30 September 2023

16. RELATED PARTY DISCLOSURES

Leigh Building Preservation Trust Limited has been granted a long lease in respect of Spinners Milll, a property owned by Leigh Spinners Limited. P D G Horrocks and J S Morrison who are trustees of Leigh Building Preservation Trust Limited are also directors of Spinners Mill Limited.

Page 12

LEIGH BUILDING PRESERVATION TRUST LIMITED

DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the year ended 30 September 2023

INCOME AND ENDOWMENTS
Donations and legacies
Donations
Gift aid
Other trading activities
Event income
Investment income
Rents received
Other income
Grants received
Total incoming resources
EXPENDITURE
Other trading activities
Event costs
Light & heat
Cleaning
Telephone
Printing postage & stationery
Insurance
Repairs and maintenance
Equipment hire
Computer software
Sundry
Accountancy
Legal & professional fees
Advertising & promotional
Alarm rental
Painting of local mural
Donations
Website cost
Improvements to property
Plant and machinery
Motor vehicles
Other
Wages
Loan		 2023
£
175,397
-
175,397
3,034
164,265
90,151
432,847
756
18,750
8,576
2,577
679
947
54,936
400
2,018
1,732
3,950
31,417
60
87,681
-
-
-
42,921
1,976
2,375
261,751
55,023
28,955
83,978		 2022
£
1,300
9,245
10,545
1,405
76,502
335,361
423,813
9,494
9,189
6,958
793
2,511
752
72,121
9,735
1,144
1,028
6,041
28,361
1,500
58,083
5,000
993
3,600
32,179
888
1,781
252,151
50,933
9,843
60,776

This page does not form part of the statutory financial statements

Page 13

LEIGH BUILDING PRESERVATION TRUST LIMITED

DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the year ended 30 September 2023

DETAILED STATEMENT OF FINANCIAL ACTIVITIES
for the year ended 30 September 2023
Support costs
Management
Pensions
Finance
Bank charges
Other 2
PAYE interest
Total resources expended
Net income		 2023
£
1,057
813
22
347,621
85,226		 2022
£
1,010
152
-
314,089
109,724

This page does not form part of the statutory financial statements

Page 14