REGISfERED CHARITY NUMBER: 286590 REPORT OF THE TRusfEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 FOR THE BOGNOR REGIS LOCAL HisfoRY SOCIETY TRADING AS BOGNOR REGIS LOCAL HISTORY SOCIErY AND MUSEUM Page I
THE BOGNOR REG15 LOCAL HISTORY SOCIETY CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Pa8e Report of the Trustees Independent Examlner's Report ststement of Flnanclal Acilvlties 5t08 Page 2
THE BOGNOR REGIS LOCAL HISTORY SOCIErY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 310ECEMBER 2024 The trustees present their report with the financial statements of the charity for the year ended 31 December 2024. The trustees have adopted the provisions of the Statement of Recommended Practice ISORPI 'Accounting and Reporting by Charities, issued in March 2005. REFERENCE AND ADMINISTRATIVE DEfAILS Registered Charity number 286590 Principal address 25-27 West Street, Bognor Regis, West Sussex. P021 IXA Trustees MrGBurt Mrs H Bowle5 Mrsj Rees Miss L Martin (Appointed Il, March 20241 Independent examiner Mrs. M. Adams srRucfuRE. GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by its Eoverning document. a deed of trust. and constitutes an unincorporated charity. The constitution wa5 adopted on 25th September 1982 and readopted on the 14th February 1983 and again on the 17th September 1984 Risk management The trustees have a duty to identify and review the risks to which the charity Is exposed and to ensure appropriate controls are in place to provide reasonable assuran against fraud and error. OBJEcfivES Objectives and aims To advance the education of the public by the study of the history and archaeology of Bognor Regis and district. Significant activities We promote Bognor Regis local history by offering monthly meetin8S Wlth talks on various subjects. We also offer slide shows and talks to local schools arbd adult groups. plus support the town's many regular seasonal events with our own stall. Finally, the society operates a local history museum in the town, run entirely by the volunteer membership. Approved by order of the board of trustees on...... . and signed on its behalf by MrG Burt-Trustee Page 3
Independent Examiner's Report to the Thistees of THE BOGNOR REGIS LOCAL HisfoRY SOCIETY I report on the accounts forthe year ended 31 December 2024. which are set out on paBes the to eight. Responsibilities and basls of report As the charity's trustees you are responslble for the preparation of the accounts In accordance wlth the qu1Ments of the Charities Art 20111'the Art'l. I have examined your charity's accounts as required under section 145 of the Charltles Act 20111'the Att'l- In carrying out my examination I have followed the Dlrecttons glven by the Charlty Commlssion under section 14515)Ibl of the 2011 Act. My role is to state whether any materlal matters have come to my attention givirE me cause to believe: that accountin8 records were not kept as required by section 130 of the Art; or that the accounts do not accord with those records: or that the accounts do not comply with the accounting requirements of the Act- or that there is further infom)ation needed for a proper understsndlng of the accounts. Independent examlner's statement I have completed my examlnatton and have no concerns In respert of the matters111 to141 Ilsted above and, in connectlon wlth following the Dlrertions of the Charlty Commission I have found no matters that require drawing to your attentton. Signed Mrs. M. Adams Date _ Page 4
THE BOGNOR REGIS LOCAL HISTORY SOCIErY DETAILED STATEMENTOF FINANCIALAcfiviTIES FOR THE YEAR ENDED 31 DECEMBER 2024 Year Ended 3111212024 Year Ended 3111212023 Hlstory Soclety Total Hlstory So¢iety Museum Museum Totsl Voluntsry Income Donations Grants Subxriptions 3,944 550 135 4.079 550 952 5.581 3,068 460 3,528 952 1,087 1,119 1,579 1.119 4,647 4.494 3,068 Actlvltles forgeneTrtlng fvnds Christmas Lunch Raffles Sales Income 706 78 230 1.014 706 597 129 91 817 597 129 3.953 4,679 112 4,072 4,184 4,302 S.198 3,862 3,862 Investment Income Rents ceiVed utilities recovered Deposlt account Interest 28,640 3,824 334 28.640 3,824 436 27.315 3.435 42 27,315 3.435 102 52 32,798 102 32,900 30,792 52 TOTAL INCOMING RESOURCES 41A76 Z203 43.679 37.722 40,170 Page 5
THE BOGNOR REGIS LOCAL HISTORY SOCIETY DETAILED STATEMENTOF FINANCIALAcfiviTIES FOR THE YEAR ENDED 31 DECEMBER 2024 Year Ended 3V1212024 Hlstory Boihlns Musevm Sodety Mathlne YearÉnded 3y1212023 Hlstury 8athlng Museum Sadety Ma¢hlne Total Totsl RESOURCES WENDED Costsolgener1n6 voluntarylntom• Adverrlslng Cltanln8 Computero)sts Dlsplays and artef8rt5 lfisuAnct LIBht and Heat Managln8a8entfees Meetlns room & hall hlre Postage and statlonery Rate5 and water Refreshment Repalrs and ren•wals Speaker costs Sundrles Telephon• & broadband Fre•hold preperty deprecl8tlon Bathln8 M?thlne Depreclailon Plant & Machlnery Oepreclatlon Property Improvements dtpredatlon L423 L423 1357 493 474 3357 493 474 617 517 1207 711 4279 617 517 1207 &711 4,279 1062 714 I,o)i 411 496 I,o)i L178 437 8,673 L178 437 6rJ 618 25 618 377 L4S3 1.453 351 2,833 1453 31797 351 2,833 1833 34681 2,833 &523 1090 4294 FundraI15trIdI. ¢ostof ioods wld and oth•riMts Pvrcha5es Zts9 L728 1378 Inwstm•n¢ man•ym•ntM Pfoperty rewlrs G¢Mm•no co Accountancy 61 61 34245 ill6 122 210 210 40M4 1385 420 4957 TOTALRESOURCES EXPENDED NEf5VRPW5IIDtFi¢Jn 3787 TRU5TEES' RENUMERATION AND BENEFITS There were no trustee5' renumerdtlon, other benefits or expenses pald for the year ended 31 Dember 2024 nor for the year ended 31 December 2023 PaBe 6
THE BOGNOR REGIS LOCAL HisfoRY SOCIETY BALANCE SHE FOR THE YEAR ENDED 31 DECEMBER 2024 Unrestricted Restricted 3111212024 3111212023 nds funds Total funds Totsl funds Notes FIXED ASSETS Tangible assets CURRENrASss Stocks Cash at bank and in hand 300,374 52,785 353,159 361.600 1,654 44,614 46,268 1,654 44,615 46,269 1,828 30.504 32,332 CREDITORS Amounts falling duewithin oneyear 1359) NEf CURRENT ASSETS TOTAL ASSETS LESS CURRENT UABILITIES NAsSET$ 46,268 346.642 346,642 46,269 399.428 399,428 31,973 393,573 393.573 52.786 52,786 FUNDS Vnrestricted funds- Museum Unrestricted funds- History Society 337,639 9.003 346,642 337,639 9.003 346.642 52,786 399,428 330,407 8,927 339,334 54.239 393,573 Restricted funds- Bathing Machine TOTAL FUNDS 52,786 52,786 346,642 The financial statements were approved by the Board of Trustees on ...... behalf bv= . and were signed on its Mrs H Bowles- Trustee Mrs J Rees-Trustee Page 7
THE BOGNOR REGIS LOCAL HisfoRY SOCIETY NOTESTOTHE FINANCIALSTATEMENT FOR THE YEAR ENDED 31 DECEMBER 2024 ACCOUNTING pouaES Accountlng conventlon The financial statements have been prepared under the hlstorical cost conventlon, and in accordance wtth the Flnanclal Reporting Stsndard for Smaller Entitles {effective April 20081. the Charlties Act 2011 and the requirements of the ststement of Recommended Practlce, Accountlng and Reporting by Charities. Incomln8 resources All in¢omlng resources are included on the Statement of Financial Activitles when the charlty is legally entitled to the Income and the amount can be quantlfied wlth reasonable at¢uracy. Resources expended Expenditure Is accounted for on an accruals bas1$ and has been classified under headlngs that ag8re8ate all cost related to the category. Where costs cannot be dlre¢tly attributed to particular headln8S. they have been allocated to actlvlties on a basls conslstent wlth the use of resources. Tan8lble fixed assets Depreclation Is provlded at the followlng annual rates In order to wrlte off each asset over its estlmated useful Ilfe. Freehold property 2% on cost Improvements to property - 2% on cost Plantand machinery - 33% on cost Stocks Stocks are valued at the lower of Cost and net reallsable value, after making due allowance for obsolete and 510w- movlng items. Taxatlon The charlty Is exempt from tax on Its charitable actlvlties. Fund Jccountlng Unrestrirted funds can be used In ac¢ordance wlth the charltable oblectives at the d15cretion of the trustees. Restricted funds can only be used for parhcular restricted purpo$e5 Withln the objects of the charlty. Restrlrtlons arlse when speclfied by the donor or when funds are ralsed for partrcular restrirted purposes. TANGIBLE FIXED ASSETS Freehold Improvernénts Bathln8 Plant and property to property Machlne machlnery Totsls cosr At l January 2024 Additions At 31 December 2024 DEPRECIATION At l January 2024 Charge for year At 31 Deeember 2024 NET BOOK VALUE At 31 December2024 270,000 141,646 55,328 1,055 468.029 1,596 1,596 2,651 469,625 270,000 141.646 55,328 68,400 5,400 73,800 35,884 2,833 38.717 1,090 1,453 2.543 1,055 351 1,406 106,429 10,037 116,466 196.200 102.929 52,785 1,245 353.159 At 31 December 2023 201,600 105,762 54,238 361,600 Page 8