REGISTERED COMPANY NUMBER: CE017831 (England and Wales) REGISTERED CHARITY NUMBER: 1183891
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
FOR
LEIGH FILM SOCIETY CIO
Hayes & Co Chartered Accountants Suite 2 Beswick House Greenfold Way Leigh Lancashire WN7 3XJ
LEIGH FILM SOCIETY CIO
CONTENTS OF THE FINANCIAL STATEMENTS for the year ended 31 December 2022
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | ||
| Independent Examiner's Report | 2 | ||
| Statement of Financial Activities | 3 | ||
| Balance Sheet | 4 | ||
| Notes to the Financial Statements | 5 | to | 9 |
| Detailed Statement of Financial Activities | 10 | to | 11 |
LEIGH FILM SOCIETY CIO
REPORT OF THE TRUSTEES for the year ended 31 December 2022
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 31 December 2022. 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
CE017831 (England and Wales)
Registered Charity number
1183891
Registered office
Trustees
P A Costello Mrs E M Costello Miss S Rigby (resigned 1.4.22) R K Tongeman (resigned 1.4.22) Ms M Berry A Nowell Mrs SJ Masters I Morris A J Prescott R Houghton
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 11 September 2023 and signed on its behalf by:
P A Costello - Trustee
Page 1
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF LEIGH FILM SOCIETY CIO
Independent examiner's report to the trustees of Leigh Film Society CIO ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2022.
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
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
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
-
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; or
-
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 have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
IJ Burns
Hayes & Co Chartered Accountants Suite 2 Beswick House Greenfold Way Leigh Lancashire WN7 3XJ
12 September 2023
Page 2
LEIGH FILM SOCIETY CIO
STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31 December 2022
| 2022 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 65,450 Other trading activities 2 13,124 Total 78,574 EXPENDITURE ON Raising funds 63,404 Charitable activities Charitable donations 215 Total 63,619 NET INCOME 14,955 RECONCILIATION OF FUNDS Total funds brought forward 82,313 TOTAL FUNDS CARRIED FORWARD 97,268 |
2021 Total funds £ 32,298 2,883 |
|---|---|
| 35,181 | |
| 14,091 410 |
|
| 14,501 | |
| 20,680 61,633 |
|
| 82,313 |
The notes form part of these financial statements
Page 3
LEIGH FILM SOCIETY CIO
BALANCE SHEET 31 December 2022
| 2022 Unrestricted fund Notes £ FIXED ASSETS Tangible assets 7 39,598 CURRENT ASSETS Debtors 8 3,659 Cash at bank 56,963 60,622 CREDITORS Amounts falling due within one year 9 (2,952) NET CURRENT ASSETS 57,670 TOTAL ASSETS LESS CURRENT LIABILITIES 97,268 NET ASSETS 97,268 FUNDS 10 Unrestricted funds 97,268 TOTAL FUNDS 97,268 |
2021 Total funds £ 19,031 330 63,601 63,931 (649) 63,282 82,313 82,313 82,313 82,313 |
|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 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.
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 11 September 2023 and were signed on its behalf by:
P A Costello - Trustee
The notes form part of these financial statements
Page 4
LEIGH FILM SOCIETY CIO
NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 December 2022
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.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance Fixtures and fittings - 20% on reducing balance Computer equipment - 33% on reducing balance
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.
Page 5
continued...
LEIGH FILM SOCIETY CIO
NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 December 2022
2. OTHER TRADING ACTIVITIES
3.
| Refreshment & bar sales Entry fees/ticket source Bank refund Sundry income NET INCOME/(EXPENDITURE) Net income/(expenditure) is stated after charging/(crediting): Depreciation - owned assets |
2022 £ 4,509 8,484 - 131 13,124 2022 £ 6,337 |
2021 £ 323 2,310 56 194 |
|---|---|---|
| 2,883 | ||
| 2021 £ 4,333 |
4. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 December 2022 nor for the year ended 31 December 2021.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 December 2022 nor for the year ended 31 December 2021.
5. 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 INCOME AND ENDOWMENTS FROM Donations and legacies Other trading activities Total EXPENDITURE ON Raising funds Charitable activities Charitable donations Total |
2022 2021 2 - Unrestricted fund £ 32,298 2,883 35,181 14,091 410 14,501 |
2022 2021 2 - Unrestricted fund £ 32,298 2,883 35,181 14,091 410 14,501 |
|---|---|---|
| 35,181 | ||
| 14,091 410 |
||
| 14,501 |
6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Page 6
continued...
LEIGH FILM SOCIETY CIO
NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 December 2022
6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
| NET INCOME RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD 7. TANGIBLE FIXED ASSETS Plant and machinery £ COST At 1 January 2022 28,151 Additions 4,312 At 31 December 2022 32,463 DEPRECIATION At 1 January 2022 9,120 Charge for year 4,081 At 31 December 2022 13,201 NET BOOK VALUE At 31 December 2022 19,262 At 31 December 2021 19,031 8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other debtors |
Unrestricted fund £ 20,680 61,633 82,313 Fixtures and Computer fittings equipment Totals £ £ £ - - 28,151 21,744 848 26,904 21,744 848 55,055 - - 9,120 2,174 82 6,337 2,174 82 15,457 19,570 766 39,598 - - 19,031 2022 2021 £ £ 3,659 330 |
|---|---|
continued...
Page 7
LEIGH FILM SOCIETY CIO
NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 December 2022
9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| 9. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE | YEAR | ||
|---|---|---|---|---|
| 2022 | 2021 | |||
| £ | £ | |||
| Accrued expenses | 2,952 | 649 | ||
| 10. | MOVEMENT IN FUNDS | |||
| Net | ||||
| movement | At | |||
| At 1.1.22 | in funds | 31.12.22 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 82,313 | 14,955 | 97,268 | |
| TOTAL FUNDS | 82,313 | 14,955 | 97,268 | |
| Net movement in funds, included in the above are as follows: | ||||
| Incoming | Resources | Movement | ||
| resources | expended | in funds | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 78,574 | (63,619) | 14,955 | |
| TOTAL FUNDS | 78,574 | (63,619) | 14,955 | |
| Comparatives for movement in funds | ||||
| Net | ||||
| movement | At | |||
| At 1.1.21 | in funds | 31.12.21 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 61,633 | 20,680 | 82,313 | |
| TOTAL FUNDS | 61,633 | 20,680 | 82,313 | |
| Comparative net movement in funds, included in the above are as follows: | ||||
| Incoming | Resources | Movement | ||
| resources | expended | in funds | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 35,181 | (14,501) | 20,680 | |
| TOTAL FUNDS | 35,181 | (14,501) | 20,680 |
continued...
Page 8
LEIGH FILM SOCIETY CIO
NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 December 2022
10. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1.1.21 | in funds | 31.12.22 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 61,633 | 35,635 | 97,268 |
| TOTAL FUNDS | 61,633 | 35,635 | 97,268 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 113,755 | (78,120) | 35,635 |
| TOTAL FUNDS | 113,755 | (78,120) | 35,635 |
11. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2022.
Page 9
LEIGH FILM SOCIETY CIO
DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31 December 2022
| DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31 December 2022 |
||
|---|---|---|
| 2022 | 2021 | |
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations | 115 | 2,514 |
| Grants | 60,825 | 29,784 |
| Venue hire | 4,510 | - |
| 65,450 | 32,298 | |
| Other trading activities | ||
| Refreshment & bar sales | 4,509 | 323 |
| Entry fees/ticket source | 8,484 | 2,310 |
| Bank refund | - | 56 |
| Sundry income | 131 | 194 |
| 13,124 | 2,883 | |
| Total incoming resources | 78,574 | 35,181 |
| EXPENDITURE | ||
| Other trading activities | ||
| Wages | 14,820 | - |
| Licensing | 339 | 21 |
| Accountancy | 1,336 | 648 |
| Refreshments and bar supplies | 4,142 | 384 |
| Advertising & promotion | 1,203 | 796 |
| Motor & travel | 261 | 92 |
| Film licence and insurance | 4,260 | 1,601 |
| Conference & training expenses | 1,083 | 1,829 |
| DVD & film purchases | 900 | 175 |
| Prizes & trophies | 150 | 110 |
| Sundry expenses | 858 | 1,127 |
| Sundry equipment | - | 2,489 |
| Post & stationery | 306 | 111 |
| Bank charges | - | 7 |
| Entertainers | - | 200 |
| Website costs | 340 | 168 |
| Cleaning | 149 | - |
| Consultancy | 14,054 | - |
| Uniforms | 544 | - |
| Repairs & renewals | 3,857 | - |
| Rent | 7,775 | - |
| Telephone | 270 | - |
| Hire of equipment | 420 | - |
| Depreciation of tangible fixed assets | 6,337 | 4,333 |
| 63,404 | 14,091 | |
| Charitable activities | ||
| Grants to institutions | 215 | 410 |
This page does not form part of the statutory financial statements
Page 10
LEIGH FILM SOCIETY CIO
DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31 December 2022
| for the year ended 31 December 2022 | ||
|---|---|---|
| 2022 | 2021 | |
| £ | £ | |
| Total resources expended | 63,619 | 14,501 |
| Net income | 14,955 | 20,680 |
This page does not form part of the statutory financial statements
Page 11