BERNAYS MEMORIAL INSTITUTE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st DECEMBER 2022 charity no: 312187 **charity no: 312187** **BERNAYS MEMORIAL INSTITUTE** ## **CONTENTS** - Page 1 Independent Examiner's Report 2 Income & Expenditure Account - 3 Balance Sheet - 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: - examine the accounts under section 145 of the 2011 Act - to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act - 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: 1. 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 - to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act have not been met; or 2. 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| |||22,714| |||15,666
466,488| |||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| ||||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| |---|---|---| 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| |---|---|---| Page 5