## **BERNAYS MEMORIAL INSTITUTE**
## **FINANCIAL STATEMENTS**
## **FOR THE**
**YEAR ENDED 31st DECEMBER 2023**
**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 2023, which are set out on pages 2 to 6.
## **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
11th June 2024
Page 1
**charity no: 312187**
## **BERNAYS MEMORIAL INSTITUTE**
## **INCOME AND EXPENDITURE ACCOUNT**
## **YEAR ENDED 31st DECEMBER 2023**
|notes
**Income**
Gross lettings
Bank interest
Stanmore Club rent
Glebe Hall lettings
Donations
Government grants
**Total income**
**Expenditure**
Repairs, replacements, renewals & cleaning
Cleaning
Refurbishment costs
Donation
Booking agency
Rates & water rates
Insurances
Light & heat
Internet
General expenses
Examiners fees (governance costs)
**Total resources expended**
**Net (deficit)/income**
Total funds bought forward
(7)
**Total Funds carried forward**
(7)|2023
£
49,078
5,226
2,907
13,322
150
-
70,683
4,343
1,783
18,150
1,500
20,160
995
4,281
15,428
317
8,865
732
76,554
(5,871)
523,329
517,458|2022
restated
£
55,353
1,334
3,876
10,905
-
-|
|---|---|---|
|||71,468|
|||22,722
-
-
-
20,160
886
4,264
8,949
-
5,417
733|
|||64,631|
|||6,837
516,621|
|||523,458|
All funds are unrestricted.
Page 2
**charity no: 312187**
## **BERNAYS MEMORIAL INSTITUTE**
## **BALANCE SHEET**
## **YEAR ENDED 31st DECEMBER 2023**
||notes|2023|||2022||
|---|---|---|---|---|---|---|
|||||restated|||
|||£|£|£|£|£|
|**Fixed assets**|(3)||||||
|Freehold property at cost|||235,952|||235,952|
|Fixtures and fittings at cost|||5,794|||5,794|
||||241,746|||241,746|
|**Current assets**|||||||
|Debtors|(4)|8,711||3,255|||
|Cash at bank and in hand|(5)|272,637||279,729|||
|Appeal fund|(6)|510||510|||
|||281,858||283,494|||
|**Creditors – amounts falling due**||(6,146)||(1,782)|||
|**within one year**|||||||
|**Net current Assets**|||275,712|||281,712|
|**Total assets less current liabilities**|||517,458|||523,458|
|**Funds**|(7)||517,458|||523,458|
Approved and signed on behalf of the Trustees on 11th June 2024 by
**Nigel Reese Treasurer – Trustee**
**Rev’d Matthew Stone Chair of the Trustees**
Page 3
**charity no: 312187**
## **BERNAYS MEMORIAL INSTITUTE**
## **NOTES ON THE FINANCIAL STATEMENTS**
## **YEAR ENDED 31st DECEMBER 2023**
## 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 2023 and 31st December 2023
**Depreciation**
At 1st January 2022 and 31st December 2022
**Net book value**
At 1st January 2022 and 31st December 2022|Fixtures and
fittings
£
5,794
-
5,794|Freehold
property
Total
£
£
235,952
241,746
-
-
235,952
241,746|
|---|---|---|
Page 4
**charity no: 312187**
## **BERNAYS MEMORIAL INSTITUTE**
## **NOTES ON THE FINANCIAL STATEMENTS**
## **YEAR ENDED 31st DECEMBER 2023**
## **4. Debtors**
|**Cash at bank and in hand**
**Creditors: amounts falling due within one year**
Debtors
Prepayments
Current accounts
Deposit account
COIF charity deposit
Savings account
Undeposited funds
Shawbrook Bank
Cambridge and Counties Bank
Trade creditors
Deposits received
Accruals|2023
£
877
7,834
8,711
2023
£
18,872
10,056
58,000
15,130
1,906
85,892
82,781
272,637
2023
£
2,028
750
3,368
6,146|2022
£
-
3,255|
|---|---|---|
|||3,255|
|||2022
restated
£
90,190
-
20,000
5,040
-
85,000
79,500|
|||279,730|
|||2022
restated
£
-
1,050
732|
|||1,782|
## **5. Cash at bank and in hand**
## **6. Creditors: amounts falling due within one year**
Page 5
**charity no: 312187**
## **BERNAYS MEMORIAL INSTITUTE**
## **NOTES ON THE FINANCIAL STATEMENTS**
## **YEAR ENDED 31st DECEMBER 2023**
## **7. Funds and restatements**
During the financial year, the trustees agreed that the Glebe Hall, as part of the property of the charity, whose net income which had been treated differently for accounting purposes in previous years, should be fully recognised within and as part of the full accounts of the charity. The Glebe Hall income and expenditure, and balances held, has now been fully recognised in the 2023 accounts with restated figures shown for 2022, also including the Glebe Hall detailed results.
The restatement necessitated two prior year adjustments to the funds of the charity, also shown below.
|**Restated funds of the charity**
Funds brought forward as restated
(Deficit)/surplus for the year
Prior year adjustment
Funds carried forward as restated|2023
£
523,458
(5,871)
(129)
517,458|2022
£
517,748
6,837
(1,127)
523,458|
|---|---|---|
Page 6