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2024-12-31-accounts

FINANCIAL STATEMENT OF ACCOUNTS

for the year ended 31 December 2024

for

Mere Brow and District Institute

Registered Charity: 502956 (England and Wales)

Mere Brow and District Institute

Contents of the Financial Statement of Accounts

Page
Charity Information 1
Income Statement 2
Statement of Financial Position 3
Notes to the Financial Statement of Accounts 5
Report of the Independent Examiner 8

Mere Brow and District Institute

Charity information

TRUSTEES

REGISTERED OFFICE

REGISTERED CHARITY

ACCOUNTANTS

William Hunter John Caunce Warren Hunter Robert Bryan Adrian Pendleton Samuel Caunce Steven Howard 65 The Gravel Mere Brow Preston Lancashire PR4 6JX 502956 My Online Accountant Chartered Accountants 83 Ducie Street Manchester Greater Manchester M1 2JQ

1

Mere Brow and District Institute

Income Statement

for the year ended 31 December 2024

Notes
Revenue
1
Cost of sales
GROSS PROFIT
Distribution costs
Administrative expenses
OPERATING LOSS
2
Finance costs
LOSS FOR THE YEAR		 2024
£
60,384
(9,872)
50,512
(729)
(60,129)
(10,346)
(243)
(10,589)		 2023
£
62,976
(7,658)
55,318
(514)
(69,338)
(14,534)
(243)
(14,777)

2

Mere Brow and District Institute

Statement of Financial Position

at 31 December 2024

Notes
FIXED ASSETS
Property, plant and equipment
3
CURRENT ASSETS
Receivables
4
Cash and cash equivalents
CURRENT LIABILITIES
5
NET CURRENT LIABILITIES
CREDITORS: DUE AFTER 1 YEAR
6
NET ASSETS		 2024
£
1,541
4,032		 2024
£
415,839		 2023
£
1,250
(4,123)		 2023
£
433,133
415,839
(40,979)
(14,417)		 433,133
(42,484)
(19,617)
5,573
(46,552)		 (2,873)
(39,611)
360,443 371,032

3

Mere Brow and District Institute

Statement of Financial Position

at 31 December 2024

2024 2023
Notes £ £
EQUITY
Retained profit 360,443 371,032
TOTAL EQUITY 360,443 371,032

The charity's trustees consider that an audit is not required for this year (under section 43(2) of the Charities Act 1993) and that an independent examination is needed.

The trustees acknowledge their responsibilities for preparing financial statements which give a true and fair view.

These financial statements have been prepared in accordance with the The Statement of Recommended Practice (SORP) applicable to charities (FRS102) effective 1 January 2019. In accordance with FRS 102 section 1A part 7, a cashflow statement has not been prepared.

Approved by the Trustees on 24 April 2025. For and on behalf of the Trustees:

......................................................................................... William Hunter (Trustee) ......................................................................................... Warren Hunter (Trustee)

4

Mere Brow and District Institute

Notes to the Financial Statement of Accounts

for the year ended 31 December 2024

1 ACCOUNTING POLICIES

Accounting convention

These financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard 102 section 1A for small entities (effective January 2015).

Revenue recognition

Revenue represents net invoiced sales of goods, excluding value added tax.

Property, plant and equipment

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease over the lease term, whichever is the shorter:

Deferred taxation

Provision is made at current rates for taxation deferred in respect of all material timing differences except to the extent that, in the opinion of the trustees, there is reasonable probability that the liability will not arise in the foreseeable future.

2 OPERATING LOSS

OPERATING LOSS
£ £
Operating loss is stated after (expensing)/crediting: 2024 2023
Depreciation expense on owned assets (17,295) (18,928)
Operating lease payments (1,981) (2,021)
Trustees emoluments and other benefits - -

The average number of employees in the year was 0 (2023: 0).

5

Mere Brow and District Institute

Notes to the Financial Statement of Accounts

for the year ended 31 December 2024

3
PROPERTY, PLANT AND EQUIPMENT
COST
At beginning and end of year
DEPRECIATION
At start of year
Expense for the year
At end of year
NET BOOK VALUE
At end of year
At start of year
(1) = Fixtures and fittings; (2) = Land and buildings
4
RECEIVABLES
Trade receivables
Total receivables
All amounts in the current and preceding year relate to amounts due within 1
5
CURRENT PAYABLES		 £
Total (1)
99,152
(35,609)
(9,195)		 £
£
Total (2)
Total
553,986
653,138
(184,395)
(220,004)
(8,100)
(17,295)
(44,804) (192,495)
(237,299)
54,348 361,491
415,839
63,543 369,591
433,134
year. £
£
2024
2023
1,541
1,250
1,541
1,250
CURRENT PAYABLES
Trade payables
VAT
Accruals and deferred income
Other payables
Total current payables		 £
£
2024
2023
(6,429)
(329)
(5,982)
(1,498)
(2,386)
(2,942)
(31,755)
(34,842)
(46,552)
(39,611)

6

Mere Brow and District Institute

Notes to the Financial Statement of Accounts

for the year ended 31 December 2024

6 NON-CURRENT PAYABLES

NON-CURRENT PAYABLES
Other payables
Total non-current payables		 £
£
2024
2023
(14,417)
(19,617)
(14,417)
(19,617)

7 RELATED PARTIES

Mere Brow Village Hall Ltd, company number 3829441, is a related party by virtue of common control. At the year end included in other payables is £20,405 (2023: £27,842) owed to Mere Brow and District Institute. The balance is due within 1 year.

7

Mere Brow and District Institute

Report of the Independent Examiner

to the Trustees of Mere Brow and District Institute

It is our responsibility to examine the accounts (under section 43 of the Charities Act 1993 (the Act)); and to follow the procedures laid down in the General Directions given by the Charity Commission (under section 43(7)(b) of the Act); and to state whether particular matters have come to our attention.

Our examination was carried out in accordance with General Directions given by the Charity Commissioners. 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 the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently we do not express an audit opinion on the accounts.

You have acknowledged, on the Statement of Financial Position as at 31 December 2024, your duty to ensure that the Charity has kept proper accounting records, and prepare financial statements that give a true and fair view. You also consider that the Charity is exempt from the statutory requirement for an audit.

In the course of our examination, no matter has come to our attention which gives us reasonable cause to believe that in, any material respect, the trustees have not met the requirements to ensure that: proper accounting records are kept (in accordance with section 41 of the Act); and accounts are prepared which agree with the accounting records and comply with the accounting requirements of the Act; or to which, in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

................................................................ My Online Accountant Chartered Accountants 83 Ducie Street Manchester Greater Manchester M1 2JQ Date:...........................................

8

Mere Brow and District Institute

Detailed Income Statement (not part of the Financial Statements)

for the year ended 31 December 2024

2024
£
REVENUE
COST OF SALES
Maintenance (direct)
(4,559)
Consumables
(2,827)
Rentals (direct)
(1,981)
Health and safety
(506)
Bad debt - balance write off
1
GROSS PROFIT
DISTRIBUTION COSTS
ADMINISTRATIVE EXPENSES
Depreciation owned
(17,295)
Heat and light
(15,986)
Salary wages (indirect)
(11,610)
Cleaning
(4,594)
Insurance
(3,407)
Security and surveillance
(1,224)
Water
(1,744)
Other
(4,269)
OPERATING LOSS
Finance costs
Loss for the year		 2024
2023
£
£
60,384
(3,500)
(1,899)
(2,021)
(252)
14
(9,872)
50,512
(729)
(18,928)
(19,076)
(13,247)
(4,287)
(3,386)
(2,912)
(1,453)
(6,049)
(60,129)
(10,346)
(243)
(10,589)		 2023
£
62,976
(7,658)
55,318
(514)
(69,338)
(14,534)
(243)
(14,777)