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2024-12-31-accounts

BERNAYS MEMORIAL INSTITUTE

FINANCIAL STATEMENTS

FOR THE

YEAR ENDED 31st DECEMBER 2024

charity no: 312187

charity no: 312187

BERNAYS MEMORIAL INSTITUTE

CONTENTS

Page 1 Independent Examiner's Report

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 2024, 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:

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

  2. to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act have not been met; or

  3. 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

19th August 2025

Page 1

charity no: 312187

BERNAYS MEMORIAL INSTITUTE

INCOME AND EXPENDITURE ACCOUNT

YEAR ENDED 31st DECEMBER 2024

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
£
52,378
10,015
4,529
12,403
-
-
79,325
7,548
2,386
-
3,000
20,160
536
4,579
10,082
317
2,878
720
52,206
27,119
516,948
544,067		 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

All funds are unrestricted.

Page 2

charity no: 312187

BERNAYS MEMORIAL INSTITUTE

BALANCE SHEET

YEAR ENDED 31st DECEMBER 2024

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
(7)		 2024
£
£
235,952
5,794
241,746
8,842
305,845
-
314,687
(12,366)
302,321
544,067
544,067		 2023
£
£
235,952
5,794
241,746
8,711
272,637
510
281,858
(6,146)
275,712
517,458
517,458		 2023
£
£
235,952
5,794
241,746
8,711
272,637
510
281,858
(6,146)
275,712
517,458
517,458
241,746
275,712
517,458
517,458

Approved and signed on behalf of the Trustees on 19th August 2025 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 2024

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 2024 and 31st December 2024
Depreciation
At 1st January 2024 and 31st December 2024
Net book value
At 1st January 2024 and 31st December 2024		 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 2024

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		 2024
£
848
7,994
8,842
2024
£
32,795
20,477
58,000
19,354
-
88,993
86,226
305,845
2024
£
10,837
900
629
12,366		 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

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 2024

7. Funds and restatements

The Trustees have concluded that the amount of £510 shown as ‘Appeal Fund’ in previous years’ accounts, had been amalgamated with other monies held and this amount has therefore been removed from the balance sheet.

During the previous 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, were fully recognised in the 2023 accounts with restated figures shown for 2022, also including the Glebe Hall detailed results.

The restatements above necessitated prior year adjustments to the funds of the charity, also shown below.

Restated funds of the charity
Funds brought forward as restated
Surplus/(deficit) for the year
Prior year adjustment
Funds carried forward as restated		 2024
£
517,458
27,119
(510)
544,067		 2023
£
523,458
(5,871)
(129)
517,458

Page 6