BERNAYS MEMORIAL INSTITUTE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st DECEMBER 2022 charity no: 312187
charity no: 312187
BERNAYS MEMORIAL INSTITUTE
CONTENTS
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Page 1 Independent Examiner's Report 2 Income & Expenditure Account
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3 Balance Sheet
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4 Notes on the financial statements
charity no: 312187
BERNAYS MEMORIAL INSTITUTE
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES
I report on the financial statements for the year ended 31st December 2022, which are set out on pages 2 to 5.
Respective responsibilities of the trustees and examiner
The 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:
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examine the accounts under section 145 of the 2011 Act
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to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act
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to state whether particular matters have come to my attention
Basis of independent examiner’s report
My 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 trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.
Independent examiner’s statement
In connection with my examination, no matter has come to my attention:
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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 2011 Act
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to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act have not been met; or
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to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
David M Green Gowers Limited The Old School House Bridge Road Hunton Bridge Kings Langley Herts. WD4 8SZ
Date: 25th July 2023
Page 1
charity no: 312187
BERNAYS MEMORIAL INSTITUTE
INCOME AND EXPENDITURE ACCOUNT
YEAR ENDED 31st DECEMBER 2022
| Income Gross lettings Bank interest Stanmore Club rent Donations Government grants Total income Expenditure Repairs, replacements, renewals & cleaning Booking agency Rates & water rates Insurances Light & heat General expenses Examiners fees (governance costs) Total resources expended Net income Total funds bought forward Total Funds carried forward |
2022 £ 55,353 1,334 3,876 - - 60,563 21,381 20,160 798 3,247 5,844 4,483 733 56,646 3,917 482,154 486,071 |
2021 £ 24,086 591 4,844 - 8,859 |
|---|---|---|
| 38,380 | ||
| 3,068 6,720 657 3,434 2,625 5,485 725 |
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| 22,714 | ||
| 15,666 466,488 |
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| 482,154 |
All funds are unrestricted.
Page 2
charity no: 312187
BERNAYS MEMORIAL INSTITUTE
BALANCE SHEET
YEAR ENDED 31st DECEMBER 2022
| notes Fixed assets (3) Freehold property at cost Fixtures and fittings at cost Current assets Debtors (4) Cash at bank and in hand (5) Appeal fund (6) Creditors – amounts falling due within one year Net current Assets Total assets less current liabilities Funds |
2022 £ £ 235,952 5,794 241,746 3,255 271,292 510 275,057 (30,732) 244,325 486,071 486,071 |
2021 £ £ 235,952 5,794 241,746 3,247 268,096 510 271,853 (31,445) 240,408 482,154 482,154 |
2021 £ £ 235,952 5,794 241,746 3,247 268,096 510 271,853 (31,445) 240,408 482,154 482,154 |
|---|---|---|---|
| 241,746 240,408 |
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| 482,154 | |||
| 482,154 |
Approved and signed on behalf of the Trustees on 14[th] July 2023 by
Ian Mackie MBE Treasurer – Trustee
The Revd Matthew Stone Chair of the Trustees
Page 3
charity no: 312187
BERNAYS MEMORIAL INSTITUTE
NOTES ON THE FINANCIAL STATEMENTS
YEAR ENDED 31st DECEMBER 2022
1. Accounting policies
The following accounting policies have been used consistently in dealing with items which are considered material in relation to the charity’s financial statements:
Basis of accounting
The financial statements have been prepared under the historical cost convention and in accordance with applicable UK accounting standards and the Statement of Recommended Practice: Accounting and Reporting by Charities and with the Charities Act. The accounts are prepared under the historical cost convention.
Incoming resources
All incoming resources are included in the income and expenditure account when the charity is entitled to the income and the amount can be quantified with reasonable accuracy
Resources expended
All expenditure is accounted for in the period to which it relates. Any current year expenditure unpaid at the period end is included in current liabilities in the balance sheet where this can be quantified with reasonable accuracy.
Tangible fixed assets for use by the charity
These are capitalised if they can be used for more than one year and are valued at cost. No depreciation is charged on the charity's property and furniture and fittings.
2 . Trustee remuneration and related party transactions
No trustees received any remuneration or reimbursed travel costs during the year. No trustee or other person related to the charity had any personal interest in any contract or transaction entered into by the charity during the financial period.
3. Fixed assets for use by the charity
| Cost At 1st January 2022 and 31st December 2022 Depreciation At 1st January 2022 and 31st December 2022 Net book value At 1st January 2022 and 31st December 2022 |
Freehold property £ 5,794 - 5,794 |
Fixtures and fittings Total £ £ 235,952 241,746 - - 235,932 241,746 |
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Page 4
charity no: 312187
BERNAYS MEMORIAL INSTITUTE
NOTES ON THE FINANCIAL STATEMENTS
YEAR ENDED 31st DECEMBER 2022
4. Debtors
| 5. Cash at bank and in hand 6. Creditors: amounts falling due within one year Prepayments Current account COIF charity deposit Savings account Hodge Bank Shawbrook Bank Cambridge and Counties Bank Other creditors – Glebe Hall Accruals |
2022 £ 3,255 2022 £ 81,752 20,000 5,040 - 85,000 79,500 271,292 2022 £ 30,000 732 30,732 |
2021 £ 3,247 2021 £ 38,375 60,000 5,035 79,304 85,382 - 268,096 2021 £ 30,000 1,445 31,445 |
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Page 5