**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 3. 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 4. 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 - (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and - (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. 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