BOMBER COUNTY GATEWAY TRUST REGISTERED CHARITY NO 1178696
ACCOUNTS FOR THE YEAR ENDED
30 SEPTEMBER 2024
BOMBER COUNTY GATEWAY TRUST
ACCOUNTS
30 September 2024
| C O N T E N T S |
Page |
|---|---|
| Officers & Professional Advisers | 1 |
| Report of the Trustees | 2 & 3 |
| Independent Examiner’s Report | 4 |
| Statement of Financial Activities | 5 |
| Balance Sheet | 6 |
| Notes to the Accounts | 7 & 8 |
| Detailed Statement of Financial Activities | 9 |
BOMBER COUNTY GATEWAY TRUST
Page 1
OFFICERS AND PROFESSIONAL ADVISERS
| Trustee | C White |
|---|---|
| A Longmate | |
| Principal Address | Brills Farm |
| Brills Hill | |
| Norton Disney | |
| Lincolnshire | |
| LN6 9JN | |
| Charity Registration Number | 1178696 |
| Independent Examiner | R E George |
| Chartered Accountant | |
| 18 High Street | |
| Collingham | |
| Newark | |
| Nottinghamshire | |
| NG23 7LA | |
| Bankers | Lloyds Bank Plc |
Page 2
BOMBER COUNTY GATEWAY TRUST
REPORT OF THE TRUSTEES
for the year ended 30 September 2024
The trustees present their report and financial statements of the charity for the year ended 30 September 2024.
OBJECTIVES AND ACTIVITIES
Objectives and aims
To advance art and education and promote good citizenship for the public benefit by the creation, erection and maintenance of a sculpture of an Avro Lancaster Bomber close to the boundary of Lincolnshire and Nottinghamshire.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its govering document, a deed of trust, and constitutes an unincorporated charity.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity number
1178696
Principal address
Brills Farm Brills Hill Norton Disney Lincolnshire LN6 9JN
Trustees
C White A Longmate
Independent Examiner
R E George Chartered Accountant 18 High Street Collingham Newark Nottinghamshire NG23 7LA
COMMENCEMENT OF ACTIVITIES
The trust commenced receiving donations and planning of the Lancaster Bomber Sculpture creation on 1 September 2017.
Page 3
BOMBER COUNTY GATEWAY TRUST
REPORT OF THE TRUSTEES
for the year ended 30 September 2024 (continued)
The annual report was approved by the trustees of the charity on..............................and signed on its behalf by:
............................................. C White Trustee
Page 4
INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES
OF BOMBER COUNTY GATEWAY TRUST
for the year ended 30 September 2024
I report on the accounts of the charity for the year ended 30 September 2024, which are set out on pages 5 to 9.
RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER
The charity’s trustees are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year (under section 144(2) of the Charities Act 2011 (the 2011 Act)) and that an independent examination is needed.
It is my responsibility to:
-
examine the accounts (under section 145 of the 2011 Act):
-
follow the procedures laid down in the general directions given by the Charity Commissioners (under section 145(5)(b) of the 2011 Act); and
-
state whether particular matters have come to my attention.
BASIS OF INDEPENDENT EXAMINER’S REPORT
The examination was carried out in accordance with the general directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustee concerning any such matters. The procedures undertaken do not provide all of the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.
INDEPENDENT EXAMINER’S STATEMENT
In connection with my examination, no matter has come to my attention:
-
(1) which gives me reasonable cause to believe that in any material respect the requirements
-
to keep accounting records in accordance with section 130 of the Act; and
-
to prepare accounts which accord with the accounting records and comply with the requirements of the Charities (Accounts and Reports) Regulations 2008 have not been met; or
-
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
.R E George The Red House 18 High Street Chartered Accountant Collingham Nottinghamshire
NG23 7LA
Date......................................
BOMBER COUNTY GATEWAY TRUST
Page 5
Statement of Financial Activities for the year ended 30 September 2024
| Unrestricted | Unrestricted | Restricted | Total |
Total | |
|---|---|---|---|---|---|
| Note | Funds | Funds | 2024 | 2023 | |
| £ | £ | £ |
£ | ||
| INCOMING RESOURCES | |||||
| Income and endowments | |||||
| from charitable activities | |||||
| Creation of Avro Lanacaster Bomber Sculpture | - | 75,862 | 75,862 |
28,751 | |
| RESOURCES EXPENDED | |||||
| CHARITABLE ACTIVITIES | |||||
| Costs of activities in furtherance of the | |||||
| charity’s objectives | 2 | - | 1,312 | 1,312 |
555 |
| _ | _ | _ | _ | ||
| NET INCOMING | |||||
| RESOURCES FOR THE YEAR | - |
74,550 |
74,550 | 28,196 | |
| Total funds brought forward at | |||||
| 1 October 2023 | - |
189,904 | 189,904 | 161,708 | |
| _ | _ | _ |
_ | ||
| Total funds carried forward at | |||||
| 30 September 2024 |
- | 264,454 | 264,454 |
189,904 | |
| _ | _ | _ | _ |
The charity has no recognised gains or losses other than the results for the year as set out above.
All of the activities of the charity are classed as continuing.
BOMBER COUNTY GATEWAY TRUST Page 6
BALANCE SHEET as at 30 September 2024 2024 2023 Note £ £ £ £ FIXED ASSETS Tangible assets 3 233,726 174,063 CURRENT ASSETS Bank and cash balances 39,728 15,841 __ _ 30,728 15,841 CREDITORS Amounts falling due within one year - - _ _ NET CURRENT ASSETS 30,728 15,841 _ _ NET ASSETS 264,454 189,904 _ _ FUNDS :- Rerestricted 264,454 189,904 _ ____
The financial statements were approved by the Board of Trustees and authorised for issue on
............................................ and were signed on its behalf by:
............................................... C White - Trustee ............................................... A Longmate - Trustee
Page 7
BOMBER COUNTY GATEWAY TRUST
Notes to the accounts 30 September 2024
1. ACCOUNTING POLICIES
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
(a) Basis of preparation of financial statements
The financial statements have been prepared in accordance with 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 (FRS102) (effective 1 January 2015), Financial Reporting Standard 102, and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
(b) 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 accurately.
(c) 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 accuals basis and has been classified under headings that aggregate all costs 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.
(d) Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life as detailed below :-
Avro Lancaster Sculpture - no depreciation
2. EXPENDITURE ON CHARITABLE ACTIVITIES
| Restricted | Total | Total | |
|---|---|---|---|
| Funds | 2024 | 2023 | |
| £ | £ | £ | |
| Computer and internet | 261 | 261 | 64 |
| Printing | 560 | 560 | - |
| Insurance | 491 | 491 | 491 |
| __ | __ | __ | |
| 1,312 | 1,312 | 555 | |
| __ | __ | __ |
BOMBER COUNTY GATEWAY TRUST
Page 8
Notes to the accounts (continued) 30 September 2024
3. TRUSTEES REMUNERATION AND EXPENSES
No trustees, nor any persons connected with them, have received any remuneration from the charity during the year.
4. TAXATION
The trust is a registered charity and therefore exempt from taxation.
5. TANGIBLE FIXED ASSETS
| Avro | |||
|---|---|---|---|
| Lancaster | |||
| Sculpture | |||
| £ | |||
| COST | |||
| At 1 October 2023 | 174,063 | ||
| Additions | 59,663 | ||
| _ | |||
| At 30 September 2024 | 233,726 | ||
| _ | |||
| NET BOOK VALUE | |||
| At 30 September 2024 | 233,726 | ||
| _ | |||
| At 30 September 2023 | 174,063 | ||
| _ | |||
| 6. FUNDS | |||
| Balance at 1 | Incoming Resources Balance at 30 | ||
| October 2023 resources expended September 2024 | |||
| £ | £ |
£ £ | |
| Restricted funds | |||
| Movement in funds | 189,904 | 75,862 | ( 1,312) 264,454 |
| ___________ |
7. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 30 September 2024.
Page 9
BOMBER COUNTY GATEWAY TRUST
Detailed statement of Financial Activities for the year ended 30 September 2024
| Total |
Total | |
|---|---|---|
| 2024 | 2023 | |
| £ | £ | |
| INCOMING RESOURCES | ||
| Income and endowments | ||
| from charitable activities | ||
| Creation of Avro Lanacaster Bomber Sculpture | 75,862 | 28,751 |
| RESOURCES EXPENDED | ||
| CHARITABLE ACTIVITIES | ||
| Computer and internet | 261 | 64 |
| Printing | 560 | - |
| Insurance | 491 | 491 |
| _ | _ | |
| TOTAL RESOURCES EXPENDED | 1,312 | 555 |
| _ | _ | |
| NET INCOME |
74,550 | 28,196 |
| _ | _ |