2023-08-31-accounts

COMPANY REGISTRATION NUMBER: 00779935 CHARITY REGISTRATION NUMBER: 306225

Buckholme Towers Limited Company Limited by Guarantee

Unaudited Financial Statements 31 August 2023

CLEARSKY ACCOUNTING & PAYROLL

Chartered accountants Optionis House 840 Ibis Court Centre Park Warrington Cheshire WA1 1RL

Buckholme Towers Limited

Company Limited by Guarantee

Financial Statements

Year ended 31 August 2023

	Page
Trustees' annual report (incorporating the director's report)	1
Chartered accountant's report to the board of trustees on the
preparation of the unaudited statutory financial statements	3
Statement of financial activities (including income and
expenditure account)	4
Statement of financial position	5
Notes to the financial statements	6

Buckholme Towers Limited

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report)

Year ended 31 August 2023

The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 August 2023.

Reference and administrative details

Registered charity name Buckholme Towers Limited Charity registration number 306225 Company registration number 00779935 Principal office and registered Apollo House office Whitehills Business Park Hallam Way Blackpool FY4 5FS

The trustees

C Westhead J Gunton P Hartles R Goulden S Paterson S Ross Accountants ClearSky Accounting & Payroll Chartered accountants Optionis House 840 Ibis Court Centre Park Warrington Cheshire WA1 1RL

Structure, governance and management

To carry out charitable activities as defined in our Articles of Association.

The trustees have regular, minuted meetings to review the governance and management of the charity.

Objectives and activities

To carry out charitable activities as defined in our Articles of Association.

The building owned by Buckholme Towers Limited is leased to Mr and Mrs Howard who run The Old School Nursery from the premises.

1

Buckholme Towers Limited

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report) (continued)

Year ended 31 August 2023

Strategic report

We continue to support the Old School House nursery by providing help to pay for various necessary equipment and alterations to the building. We are also actively investigating how else we might apply our funds in line with our objectives.

Achievements and performance

The company continued to work positively with the Old School Nursery to ensure our charitable objectives were met.

Financial review

Total income amounted to £33,925 (2022:£36,424),expenditure £988 (2022:£1,527). Total funds at 31st August 2023 were £137,305 (2022:£104,368).

The trustees' annual report and the strategic report were approved on .............................. and signed on behalf of the board of trustees by:

J Gunton Trustee

2

Buckholme Towers Limited

Company Limited by Guarantee

Chartered Accountant's Report to the Board of Trustees on the Preparation of the Unaudited Statutory Financial Statements of Buckholme Towers Limited

Year ended 31 August 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Buckholme Towers Limited for the year ended 31 August 2023, which comprise the statement of financial activities (including income and expenditure account), statement of financial position and the related notes from the charity's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/members/regulations-standards-and-guidance.

Our work has been undertaken in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation.

CLEARSKY ACCOUNTING & PAYROLL Chartered accountants

Optionis House 840 Ibis Court Centre Park Warrington Cheshire WA1 1RL

3

Buckholme Towers Limited

Company Limited by Guarantee

Statement of Financial Activities (including income and expenditure account)

Year ended 31 August 2023

		2023		2022
		Unrestricted
		fundsTotal funds		Total funds
	Note	£	£	£
Income and endowments
Donations and legacies	5	33,913	33,913	36,416
Investment income	6	12	12	8
		────	────────	────────
Total income		33,925	33,925	36,424
		════	════════	════════
Expenditure
Expenditure on raising funds:
Costs of raising donations and legacies	7	339	339	231
Costs of other trading activities	8	649	649	1,296
		────	────────	────────
Total expenditure		988	988	1,527
		════	════════	════════
		────	────────	────────
Net income and net movement in funds		32,937	32,937	34,897
		════	════════	════════
Reconciliation of funds
Total funds brought forward		104,368	104,368	69,471
		─────────	─────────	────────
Total funds carried forward		137,305	137,305	104,368
		═════════	═════════	════════

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

The notes on pages 6 to 10 form part of these financial statements.

4

Buckholme Towers Limited

Company Limited by Guarantee

Statement of Financial Position

31 August 2023

		2023	2022
	Note	£	£
Fixed assets
Tangible fixed assets	10	5,750	5,750
Current assets
Cash at bank and in hand		134,147	100,562
Creditors: amounts falling due within one year	11	2,592	1,944
		─────────	─────────
Net current assets		131,555	98,618
		─────────	─────────
Total assets less current liabilities		137,305	104,368
		─────────	─────────
Net assets		137,305	104,368
		═════════	═════════
Funds of the charity
Unrestricted funds		137,305	104,368
		─────────	────────
Total charity funds	12	137,305 ═════════	104,368 ════════

For the year ending 31 August 2023 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

• The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

These financial statements were approved by the board of trustees and authorised for issue on 17 January 2024, and are signed on behalf of the board by:

J Gunton Trustee

The notes on pages 6 to 10 form part of these financial statements.

5

Buckholme Towers Limited

Company Limited by Guarantee

Notes to the Financial Statements

Year ended 31 August 2023

1. General information

The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is Apollo House, Whitehills Business Park, Hallam Way, Blackpool, FY4 5FS.

2. Statement of compliance

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Companies Act 2006.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

There are no material uncertainties about the charity's ability to continue.

Disclosure exemptions

The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. Its financial statements are consolidated into the financial statements of (enter name of group financial statements) which can be obtained from (enter detail). As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102: (a) No cash flow statement has been presented for the company.

(b) Disclosures in respect of financial instruments have not been presented.

Fund accounting

Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.

Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.

Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.

6

Buckholme Towers Limited

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 August 2023

3. Accounting policies (continued)

Incoming resources

All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:

• income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.

• legacy income is recognised when receipt is probable and entitlement is established.

• income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.

• income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.

Resources expended

Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:

• expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods.

• expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.

• other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.

All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

7

Buckholme Towers Limited

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 August 2023

3. Accounting policies (continued)

Tangible assets (continued)

An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Freehold property	-	over 25 years
Inprovements to property	-	25% reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units.

4. Limited by guarantee

The liability of the members of the Company is limited by the terms of the guarantee to £1 per member.

5. Donations and legacies

	Total Funds	Total Funds
	2023	2022
	£	£
Donations
Rent Received	33,913	36,416

8

Buckholme Towers Limited

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 August 2023

6. Investment income

		Total Funds	Total Funds
		2023	2022
		£	£
	Bank interest receivable	12	8
		════	════
7.	Costs of raising donations and legacies
		Total Funds	Total Funds
		2023	2022
		£	£
	Costs of raising donations and legacies - Donations	303	195
	Computer costs	36	36
		────	────
		339	231
		════	════
8.	Costs of other trading activities
		Total Funds	Total Funds
		2023	2022
		£	£
	Costs of other trading activities – Accountancy Fees	649 ════	1,296 ═══════

9. Trustee remuneration and expenses

Neither the trustees nor any person connected to any of the trustees have received any remuneration during the year or any individual expenses.

10. Tangible fixed assets

	Freehold	Plant and
	property	machinery	Total
	£	£	£
Cost
At 1 September 2022 and 31 August 2023	55,207	2,875	58,082
	════════	═══════	════════
Depreciation
At 1 September 2022 and 31 August 2023	49,612	2,720	52,332
	════════	═══════	════════
Carrying amount
At 31 August 2023	5,595	155	5,750
	════════	═══════	════════
At 31 August 2022	5,595	155	5,750
	════════	═══════	════════
Creditors: amounts falling due within one year
		2023	2022
		£	£
Accruals and deferred income		2,592	1,944
		═══════	═══════

11. Creditors: amounts falling due within one year

9

Buckholme Towers Limited

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 August 2023

12. Analysis of charitable funds

Unrestricted funds

		At					At
	1	September			Prior year	31 August	20
		2022	Income	Expenditure	adjustments		23
		£	£	£	£	£
General funds		104,368	33,925	(988)	–	137,305
		════════	════	════	════	════════
		At					At
	1	September			Prior year	31 August	20
		2021	Income	Expenditure	adjustments		22
		£	£	£	£	£
General funds		69,471	36,424	(1,527)	-	104,368
		════════	════════	════════	════	════════

10

COMPANY REGISTRATION NUMBER: 00779935 CHARITY REGISTRATION NUMBER: 306225

Buckholme Towers Limited Company Limited by Guarantee

Unaudited Financial Statements 31 August 2023

CLEARSKY ACCOUNTING & PAYROLL

Chartered accountants Optionis House 840 Ibis Court Centre Park Warrington Cheshire WA1 1RL

Buckholme Towers Limited

Company Limited by Guarantee

Financial Statements

Year ended 31 August 2023

	Page
Trustees' annual report (incorporating the director's report)	1
Chartered accountant's report to the board of trustees on the
preparation of the unaudited statutory financial statements	3
Statement of financial activities (including income and
expenditure account)	4
Statement of financial position	5
Notes to the financial statements	6

Buckholme Towers Limited

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report)

Year ended 31 August 2023

The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 August 2023.

Reference and administrative details

Registered charity name Buckholme Towers Limited Charity registration number 306225 Company registration number 00779935 Principal office and registered Apollo House office Whitehills Business Park Hallam Way Blackpool FY4 5FS

The trustees

C Westhead J Gunton P Hartles R Goulden S Paterson S Ross Accountants ClearSky Accounting & Payroll Chartered accountants Optionis House 840 Ibis Court Centre Park Warrington Cheshire WA1 1RL

Structure, governance and management

To carry out charitable activities as defined in our Articles of Association.

The trustees have regular, minuted meetings to review the governance and management of the charity.

Objectives and activities

To carry out charitable activities as defined in our Articles of Association.

The building owned by Buckholme Towers Limited is leased to Mr and Mrs Howard who run The Old School Nursery from the premises.

1

Buckholme Towers Limited

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report) (continued)

Year ended 31 August 2023

Strategic report

We continue to support the Old School House nursery by providing help to pay for various necessary equipment and alterations to the building. We are also actively investigating how else we might apply our funds in line with our objectives.

Achievements and performance

The company continued to work positively with the Old School Nursery to ensure our charitable objectives were met.

Financial review

Total income amounted to £33,925 (2022:£36,424),expenditure £988 (2022:£1,527). Total funds at 31st August 2023 were £137,305 (2022:£104,368).

The trustees' annual report and the strategic report were approved on .............................. and signed on behalf of the board of trustees by:

J Gunton Trustee

2

Buckholme Towers Limited

Company Limited by Guarantee

Chartered Accountant's Report to the Board of Trustees on the Preparation of the Unaudited Statutory Financial Statements of Buckholme Towers Limited

Year ended 31 August 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Buckholme Towers Limited for the year ended 31 August 2023, which comprise the statement of financial activities (including income and expenditure account), statement of financial position and the related notes from the charity's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/members/regulations-standards-and-guidance.

Our work has been undertaken in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation.

CLEARSKY ACCOUNTING & PAYROLL Chartered accountants

Optionis House 840 Ibis Court Centre Park Warrington Cheshire WA1 1RL

3

Buckholme Towers Limited

Company Limited by Guarantee

Statement of Financial Activities (including income and expenditure account)

Year ended 31 August 2023

		2023		2022
		Unrestricted
		fundsTotal funds		Total funds
	Note	£	£	£
Income and endowments
Donations and legacies	5	33,913	33,913	36,416
Investment income	6	12	12	8
		────	────────	────────
Total income		33,925	33,925	36,424
		════	════════	════════
Expenditure
Expenditure on raising funds:
Costs of raising donations and legacies	7	339	339	231
Costs of other trading activities	8	649	649	1,296
		────	────────	────────
Total expenditure		988	988	1,527
		════	════════	════════
		────	────────	────────
Net income and net movement in funds		32,937	32,937	34,897
		════	════════	════════
Reconciliation of funds
Total funds brought forward		104,368	104,368	69,471
		─────────	─────────	────────
Total funds carried forward		137,305	137,305	104,368
		═════════	═════════	════════

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

The notes on pages 6 to 10 form part of these financial statements.

4

Buckholme Towers Limited

Company Limited by Guarantee

Statement of Financial Position

31 August 2023

		2023	2022
	Note	£	£
Fixed assets
Tangible fixed assets	10	5,750	5,750
Current assets
Cash at bank and in hand		134,147	100,562
Creditors: amounts falling due within one year	11	2,592	1,944
		─────────	─────────
Net current assets		131,555	98,618
		─────────	─────────
Total assets less current liabilities		137,305	104,368
		─────────	─────────
Net assets		137,305	104,368
		═════════	═════════
Funds of the charity
Unrestricted funds		137,305	104,368
		─────────	────────
Total charity funds	12	137,305 ═════════	104,368 ════════

For the year ending 31 August 2023 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

• The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

These financial statements were approved by the board of trustees and authorised for issue on 17 January 2024, and are signed on behalf of the board by:

J Gunton Trustee

The notes on pages 6 to 10 form part of these financial statements.

5

Buckholme Towers Limited

Company Limited by Guarantee

Notes to the Financial Statements

Year ended 31 August 2023

1. General information

The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is Apollo House, Whitehills Business Park, Hallam Way, Blackpool, FY4 5FS.

2. Statement of compliance

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Companies Act 2006.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

There are no material uncertainties about the charity's ability to continue.

Disclosure exemptions

The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. Its financial statements are consolidated into the financial statements of (enter name of group financial statements) which can be obtained from (enter detail). As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102: (a) No cash flow statement has been presented for the company.

(b) Disclosures in respect of financial instruments have not been presented.

Fund accounting

Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.

Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.

Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.

6

Buckholme Towers Limited

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 August 2023

3. Accounting policies (continued)

Incoming resources

All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:

• income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.

• legacy income is recognised when receipt is probable and entitlement is established.

• income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.

• income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.

Resources expended

Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:

• expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods.

• expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.

• other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.

All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

7

Buckholme Towers Limited

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 August 2023

3. Accounting policies (continued)

Tangible assets (continued)

An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Freehold property	-	over 25 years
Inprovements to property	-	25% reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units.

4. Limited by guarantee

The liability of the members of the Company is limited by the terms of the guarantee to £1 per member.

5. Donations and legacies

	Total Funds	Total Funds
	2023	2022
	£	£
Donations
Rent Received	33,913	36,416

8

Buckholme Towers Limited

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 August 2023

6. Investment income

		Total Funds	Total Funds
		2023	2022
		£	£
	Bank interest receivable	12	8
		════	════
7.	Costs of raising donations and legacies
		Total Funds	Total Funds
		2023	2022
		£	£
	Costs of raising donations and legacies - Donations	303	195
	Computer costs	36	36
		────	────
		339	231
		════	════
8.	Costs of other trading activities
		Total Funds	Total Funds
		2023	2022
		£	£
	Costs of other trading activities – Accountancy Fees	649 ════	1,296 ═══════

9. Trustee remuneration and expenses

Neither the trustees nor any person connected to any of the trustees have received any remuneration during the year or any individual expenses.

10. Tangible fixed assets

	Freehold	Plant and
	property	machinery	Total
	£	£	£
Cost
At 1 September 2022 and 31 August 2023	55,207	2,875	58,082
	════════	═══════	════════
Depreciation
At 1 September 2022 and 31 August 2023	49,612	2,720	52,332
	════════	═══════	════════
Carrying amount
At 31 August 2023	5,595	155	5,750
	════════	═══════	════════
At 31 August 2022	5,595	155	5,750
	════════	═══════	════════
Creditors: amounts falling due within one year
		2023	2022
		£	£
Accruals and deferred income		2,592	1,944
		═══════	═══════

11. Creditors: amounts falling due within one year

9

Buckholme Towers Limited

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 August 2023

12. Analysis of charitable funds

Unrestricted funds

		At					At
	1	September			Prior year	31 August	20
		2022	Income	Expenditure	adjustments		23
		£	£	£	£	£
General funds		104,368	33,925	(988)	–	137,305
		════════	════	════	════	════════
		At					At
	1	September			Prior year	31 August	20
		2021	Income	Expenditure	adjustments		22
		£	£	£	£	£
General funds		69,471	36,424	(1,527)	-	104,368
		════════	════════	════════	════	════════

10

CHARITY COMMISSION FOR ENGLAND AND WALES Independent examinerfs report on the accounts Section A Independent Examiner's Report Roport to thg tn48tMsl momborn of Bu¢khckne Towers Llmltsd On accounts for tho year ond•d 31.08.2023 Charfty no (If any) 306255 S•t out on pag•s I report to the trustees on my examlnallon of the a¢¢ounts of tt abov chartty {Ihe Trt￿l.) for the year ended 31108 12023. Ruponslbllltl•s and A8 the charfty tru8le88 of Iha Tn￿t, you are r8sFhMslble for the preparalk bas18 of r•port of th8 ac£ounts In accordanca wth the requlraments of th8 ChadtlèB Act 2011 rthe Ac£). I report in respect of my examinalk)n of the Trust's accounts wrfed out under sectton 145 of the 2011 Act and in carrying out my ox8minalion. I have followed the awicable DIrec￿On$ given by the Charity Commww)n undew sectkjn 145(5)(b) of the A( I have completed my examination. I ￿nfirrn that no mat8ri81 matters have come to my attention {0th8r than that disdosed below.) in conne(ion with tho examinalion which giv8s me cause to beli8Vg that in. any malerial Indopond•nt oxamlnofs statom•nt aGcountlng rerLYds were noi kept In acrA)rdance wth 58ctlon 130 thaAdor accounts th) not acrx)rd wlth th8 accountlng rthrds I have no conc•ms and havè ￿m6 acTOSS no other matters In eonn8Ction vlth the examinalbn to whith attention $I￿Uld t¢ drawn in order lo enab proper understanding of the accounts to be reached. ' Pleas8 de18te the vrds In the brackets Mthey do not apply. Slgnod: .knnd Dats: 3110112024 14amo: nder Lindsay Relevant prof•s8lonal quallflcatlon(s) or body (If any): MAAT Addr•88.' 840 Ibls Court, Centra Park W8rrington WA11RL IER October 2018

Section B DiscloSL¢re Only complole if the examiner needs lo highloht matters of conc*m (see CC31 Independent examination of Charfty accounts: dlr8Ctlons and guldance for examiners). Glvo hern briof d•tail$ of any items that th? oxamlner wl6he6 to dlsclo8•. IER Oclobor 2018