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2023-12-31-accounts

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 2023

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 2023

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

LEIGH FILM SOCIETY CIO

REPORT OF THE TRUSTEES for the year ended 31 December 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 31 December 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

CE017831 (England and Wales)

Registered Charity number 1183891

Registered office

16 Parkdalle Astley Tyldesley Manchester M29 7DR

Trustees

P A Costello Mrs E M Costello Ms M Berry (resigned 1.10.23) 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 15 August 2024 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 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

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:

  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; or

  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 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

15 August 2024

Page 2

LEIGH FILM SOCIETY CIO

STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31 December 2023

2023
Unrestricted
fund
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
69,723
Other trading activities
2
39,996
Total
109,719
EXPENDITURE ON
Raising funds
71,608
Charitable activities
Charitable donations
-
Total
71,608
NET INCOME
38,111
RECONCILIATION OF FUNDS
Total funds brought forward
97,268
TOTAL FUNDS CARRIED FORWARD
135,379		 2022
Total
funds
£
65,450
13,124
78,574
63,404
215
63,619
14,955
82,313
97,268

The notes form part of these financial statements

Page 3

LEIGH FILM SOCIETY CIO

BALANCE SHEET 31 December 2023

2023
Unrestricted
fund
Notes
£
FIXED ASSETS
Tangible assets
7
48,256
CURRENT ASSETS
Debtors
8
20,659
Cash at bank and in hand
67,700
88,359
CREDITORS
Amounts falling due within one year
9
(1,236)
NET CURRENT ASSETS
87,123
TOTAL ASSETS LESS CURRENT
LIABILITIES
135,379
NET ASSETS
135,379
FUNDS
10
Unrestricted funds
135,379
TOTAL FUNDS
135,379		 2022
Total
funds
£
39,598
3,659
56,963
60,622
(2,952)
57,670
97,268
97,268
97,268
97,268

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

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 15 August 2024 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 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.

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 2023

2. OTHER TRADING ACTIVITIES

Refreshment & bar sales
Entry fees/ticket source
Sundry income
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
Depreciation - owned assets		 2023
£
13,822
24,310
1,864
39,996
2023
£
8,850		 2022
£
4,509
8,484
131
13,124
2022
£
6,337

3. NET INCOME/(EXPENDITURE)

4. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 December 2023 nor for the year ended 31 December 2022.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 December 2023 nor for the year ended 31 December 2022.

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		 2023
2022
2
2
Unrestricted
fund
£
65,450
13,124
78,574
63,404
215
63,619		 2023
2022
2
2
Unrestricted
fund
£
65,450
13,124
78,574
63,404
215
63,619
78,574
63,404
215
63,619

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 2023

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 2023
32,463
Additions
17,508
At 31 December 2023
49,971
DEPRECIATION
At 1 January 2023
13,201
Charge for year
4,683
At 31 December 2023
17,884
NET BOOK VALUE
At 31 December 2023
32,087
At 31 December 2022
19,262
8.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors
Other debtors		 Unrestricted
fund
£
14,955
82,313
97,268
Fixtures
and
Computer
fittings
equipment
Totals
£
£
£
21,744
848
55,055
-
-
17,508
21,744
848
72,563
2,174
82
15,457
3,914
253
8,850
6,088
335
24,307
15,656
513
48,256
19,570
766
39,598
2023
2022
£
£
3,000
-
17,659
3,659
20,659
3,659

continued...

Page 7

LEIGH FILM SOCIETY CIO

NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 December 2023

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Accrued expenses
10.
MOVEMENT IN FUNDS
At 1.1.23
£
Unrestricted funds
General fund
97,268
TOTAL FUNDS
97,268
Net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
109,719
TOTAL FUNDS
109,719
Comparatives for movement in funds
At 1.1.22
£
Unrestricted funds
General fund
82,313
TOTAL FUNDS
82,313
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
78,574
TOTAL FUNDS
78,574		 2023
2022
£
£
1,236
2,952
Net
movement
At
in funds
31.12.23
£
£
38,111
135,379
38,111
135,379
Resources
Movement
expended
in funds
£
£
(71,608)
38,111
(71,608)
38,111
Net
movement
At
in funds
31.12.22
£
£
14,955
97,268
14,955
97,268
Resources
Movement
expended
in funds
£
£
(63,619)
14,955
(63,619)
14,955		 2023
2022
£
£
1,236
2,952
Net
movement
At
in funds
31.12.23
£
£
38,111
135,379
38,111
135,379
Resources
Movement
expended
in funds
£
£
(71,608)
38,111
(71,608)
38,111
Net
movement
At
in funds
31.12.22
£
£
14,955
97,268
14,955
97,268
Resources
Movement
expended
in funds
£
£
(63,619)
14,955
(63,619)
14,955		 2022
£
2,952
14,955

continued...

Page 8

LEIGH FILM SOCIETY CIO

NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 December 2023

10. MOVEMENT IN FUNDS - continued

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

Net
movement At
At 1.1.22 in funds 31.12.23
£ £ £
Unrestricted funds
General fund 82,313 53,066 135,379
TOTAL FUNDS 82,313 53,066 135,379

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
TOTAL FUNDS		 Incoming
resources
£
188,293
188,293		 Resources
Movement
expended
in funds
£
£
(135,227)
53,066
(135,227)
53,066		 Resources
Movement
expended
in funds
£
£
(135,227)
53,066
(135,227)
53,066
53,066

11. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 December 2023.

Page 9

LEIGH FILM SOCIETY CIO

DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31 December 2023

INCOME AND ENDOWMENTS
Donations and legacies
Donations
Grants
Venue hire
Other trading activities
Refreshment & bar sales
Entry fees/ticket source
Sundry income
Total incoming resources
EXPENDITURE
Other trading activities
Wages
Licensing
Accountancy
Refreshments and bar supplies
Advertising & promotion
Motor & travel
Film licence and insurance
Conference & training expenses
DVD & film purchases
Prizes & trophies
Sundry expenses
Post & stationery
Website costs
Cleaning
Consultancy
Uniforms
Repairs & renewals
Rent
Telephone
Hire of equipment
Plant and machinery
Fixtures and fittings
Computer equipment
Charitable activities
Grants to institutions
Total resources expended
Net income		 2023
£
443
59,325
9,955
69,723
13,822
24,310
1,864
39,996
109,719
22,110
445
1,632
7,606
1,785
370
18,999
-
1,225
794
3,364
550
508
96
-
209
3,620
(1,775)
666
554
4,683
3,914
253
71,608
-
71,608
38,111		 2022
£
115
60,825
4,510
65,450
4,509
8,484
131
13,124
78,574
14,820
339
1,336
4,142
1,203
261
4,260
1,083
900
150
858
306
340
149
14,054
544
3,857
7,775
270
420
4,081
2,174
82
63,404
215
63,619
14,955

This page does not form part of the statutory financial statements

Page 10