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2023-03-31-accounts

Company Number: 02328378 Charity No: 701122

MERSEYSIDE BUILDINGS PRESERVATION TRUST (A COMPANY LIMITED BY GUARANTEE)

REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2023

AINSWORTHS LIMITED Charter House Stansfield Street Nelson Lancashire BB9 9XY

MERSEYSIDE BUILDINGS PRESERVATION TRUST (A COMPANY LIMITED BY GUARANTEE)

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023

Page
Report of the Trustees 1 - 4
Independent Examiner’s Report to the members of
Merseyside Buildings Preservation Trust 5
Statement of Financial Activities 6
Balance Sheet 7
Notes to the Financial Statements 8 - 11

MERSEYSIDE BUILDINGS PRESERVATION TRUST (A COMPANY LIMITED BY GUARANTEE)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2023

FINANCIAL STATEMENTS AND TRUSTEES’ REPORT

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31st March 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

02328378 (England and Wales)

Registered Charity number

701122

Registered office

Pendle Heritage Centre Parkhill Barrowford Nelson Lancashire BB9 6JQ

Trustees and key management

The trustees who served during the year (and changes since year end) were as follows:

L W Maynard (Chairman) D C Coward J R Flamson Professor S Holloway S Power

Professor J C Belchem K E Watson C D Green S G Humphreys H E Summers

Company secretary

Dr P Jones (Appointed 29[th] November 2022)

Independent examiner

Mark Sunter FCA Ainsworths Limited Chartered Accountants Charter House Stansfield Street Nelson Lancashire BB9 9XY

Bankers

The Co-operative Bank plc PO Box 250 Delf House Southway Skelmersdale WN8 6WT

CCLA Fund Managers Limited Senator House 85 Queen Victoria Street London EC4V 4ET

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MERSEYSIDE BUILDINGS PRESERVATION TRUST (A COMPANY LIMITED BY GUARANTEE)

REPORT OF THE TRUSTEES (Continued) FOR THE YEAR ENDED 31ST MARCH 2023

STRUCTURE, GOVERNANCE AND MANAGEMENT

Corporate status

The company was incorporated under the Companies Act on 14[th] December 1988 (Company number: 02328378). The company is a private company limited by guarantee and does not have a share capital. The liability of each member is limited to an amount not exceeding £1.

The company was registered as a charity on 7[th] February 1989 under the provisions of the Charities Acts (Charity number: 701122).

Organisational structure

The Board currently consists of the trustees and is responsible for key policy decisions and the effective governance of the organisation overall. The Board held one meeting during the current year.

Recruitment and appointment of new board members

Trustees are appointed to reflect the skills required to support the Board and its range of activities. Recruitment is either through advertising or by individual contact. A full orientation is offered on the services provided and the roles and responsibilities of a trustee, including their legal obligations under charity and company law. All appointees are informed of the content of the Memorandum and Articles of Association and the committee and decision-making processes of the charity.

Risk management

The trustees have examined the major strategic, business and operational risks which the charity faces and confirm that systems have been established to ensure that regular reports are produced and that necessary steps can be taken to address any issues arising.

OBJECTIVES AND ACTIVITIES

The principal activities of the charity are to preserve for the benefit of the people of county of Merseyside and of the nation at large, whatever of the English historical, architectural and constructional heritage which may exist in or near to the aforesaid region in the form of buildings (including any building as defined in Section 290(1) of the Town and Country Planning Act 1971) of particular beauty or historical, architectural or constructional interest.

Public benefit

The trustees are confident that the charity offers services of real and practical use to the local population and therefore complies with the responsibility placed on all charities under the Charities Act 2011, to demonstrate a public benefit.

ACHIEVEMENTS AND PERFORMANCE

Efforts have primarily been concentrated on the sale of the Welsh Presbyterian Church restoration project at Toxteth, Liverpool following the granting of planning and listed building application consent in March 2022. Unfortunately, the project KIND was unable to progress the project therefore the Board took the decision to sell the property to a party who could progress the project in the spirit of the KIND project. The sale of the property was completed in July 2022, to a local organisation who possessed detailed knowledge of the site.

Prior to the sale of the property further site tidy ups and essential repairs have been completed alongside the commissioning of regular condition surveys due to the deteriorating condition of the building. Site tidy ups and regular condition surveys were funded either by KIND or out of the Trust’s existing resources and comprised the removal of non-protected trees along the site perimeter. Other achievement included the development of a new website and discussions with project partners relating to potential new projects including the Wellington Rooms, Mount Pleasant.

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MERSYSIDE BUILDINGS PRESERVATION TRUST (A COMPANY LIMITED BY GUARANTEE)

REPORT OF THE TRUSTEES (Continued) FOR THE YEAR ENDED 31ST MARCH 2023

FINANCIAL REVIEW

The attached statement of financial activities shows how funds were raised and applied during the year. This statement separates funds which the charity controls itself (unrestricted funds) from those that have to be spent in a manner determined by the donor (restricted funds).

During the year ended 31[st] March 2023 incoming resources amounted to £74,715 (which represented an increase of £66,346 compared to the previous year) while resources expended amounted to £24,863 (which represented an increase of £14,626 compared to the previous year). The net result for the year was a surplus of £46,196 which is an increase of £52,453 on the deficit returned for the previous year.

The trustees consider the results for the year to be satisfactory.

Reserves policy

It is the policy of the charity to maintain unrestricted funds, which are free reserves of the charity, at levels which equate to an excess of its projected needs for the forthcoming year, thereby providing sufficient funds to cover ongoing costs. The management, administration and support costs as well as the ongoing development of projects is being undertaken by the trustees and others on a voluntary basis at £Nil cost. The trustees believe the net asset position is sufficient to satisfy such requirements although these levels of free reserves are reviewed on a regular basis.

Risk assessment

The trustees have identified the major risks to which the charity is exposed and procedures to manage those risks have been put in place. Internal risks are minimised by the segregation of duties and procedures for authorisation of all transactions.

Future developments

Going forward, the focus of the Trust’s activities will be to launch the new website and continue to deliver strategic advice and funding to not for profit organisations looking to progress urban heritage regeneration projects in Merseyside. A new Chair will be required following notification by Bill Maynard of his intention to stand down as Chairman following the identification of a suitable replacement.

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MERSEYSIDE BUILDINGS PRESERVATION TRUST (A COMPANY LIMITED BY GUARANTEE)

REPORT OF THE TRUSTEES (Continued) FOR THE YEAR ENDED 31ST MARCH 2023

STATEMENT OF TRUSTEEES’ RESPONSIBILITIES

The trustees are responsible for preparing the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice.

Company law requires the trustees to prepare financial statements for each financial year. Under that law the trustees have elected to prepare the financial statements in accordance with the United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). The financial statements are required by law to give a true and fair view of the state of affairs of the charitable company and of the surplus or deficit of the charitable company for that period. In preparing those financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy the financial position of the company and which enable them to ascertain their financial position and to ensure that the financial statements comply with the Companies Act 2006 and the Charities Act 2011 and the regulations thereunder. The trustees also have a general responsibility for taking such steps as are reasonably open to them to safeguard the assets of the company and to prevent and detect fraud and other irregularities.

SMALL COMPANY PROVISIONS

This report has been prepared in accordance with the special provisions for small companies under Part 15 of the Companies Act 2006.

Approved by order of the board of trustees on 13[th] December 2023 and signed on its behalf by:

Mr B Maynard Chair

Mr S Power Vice Chair

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INDEPENDENT EXAMINERS REPORT TO THE MEMBERS OF MERSEYSIDE BUILDINGS PRESERVATION TRUST (A COMPANY LIMITED BY GUARANTEE)

Independent examiner's report to the trustees of Merseyside Building Preservation Trust ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31st March 2023.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me

cause to believe:

  1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Mark Sunter FCA Ainsworths Limited Charter House Stansfield Street Nelson Lancashire BB9 9XY

Date: 13[th] December 2023

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MERSEYSIDE BUILDINGS PRESERVATION TRUST (A COMPANY LIMITED BY GUARANTEE)

STATEMENT OF FINANCIAL ACTIVITIES (including Income and Expenditure Account) FOR THE YEAR ENDED 31ST MARCH 2023

Note
Income from:
Donations
Charitable activities:
Revenue grants received
2
Sale of Church
-
Trading activities:
Activity income
Investment income:
Interest received
Total incoming resources
3
Expenditure on:
Charitable activities:
Preservation and maintenance of
heritage property
Raising funds:
Trading and other activity costs
Total expenditure
4
Net income and expenditure
Transfers between funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 Unrestricted
Funds
Restricted
Funds
Total
Funds
2023
Total
Funds
2022
£
£
£
£
-
-
-
-
-
9,209
9,209
8,357
65,000
-
65,000
-
-
-
-
-
506
-
506
12
65,506
9,209
74,715
8,369
16,843
8,020
24,863
14,626
-
-
-
-
16,843
8,020
24,863
14,626
48,663
1,189
49,852
(6,257)
1,189
(1,189)
-
-
49,852
-
49,852
(6,257)
89,980
-
89,980
96,237
139,832
-
139,832
89,980

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MERSEYSIDE BUILDINGS PRESERVATION TRUST (A COMPANY LIMITED BY GUARANTEE)

BALANCE SHEET AT 31ST MARCH 2023

Notes
Current assets
Debtors
7
Cash at bank and in hand
Current liabilities
Creditors: Amounts falling due within one year
8
Net current assets
Total net assets
Funds
Restricted
9a
Unrestricted
9b
10		 2023
£
26,281
117,849
144,130
(4,298)
139,832
139,832
-
139,982
139,982		 2022
£
1,479
89,251
90,730
(750)
89,980
89,980
-
89,980
89,980

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2023 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for:

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 13[th] December 2023 and were signed on its behalf by:

Mr B Maynard Chair

Mr S Power Vice Chair

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MERSEYSIDE BUILDINGS PRESERVATION TRUST (A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023

1. ACCOUNTING POLICIES

Company Information

Merseyside Buildings Preservation Trust is a charitable company limited by guarantee, incorporated in England and Wales. The company number and registered office can be found in the Report of the Trustees.

Basis of preparation

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared on a going concern basis which assumes the company will be able to meet its liabilities as they fall due. If the company were unable to continue to trade, adjustments would have to be made to reduce the value of the assets to their recoverable amounts, to provide for any further liabilities that may arise, and to reclassify assets and any long-term liabilities as current assets and liabilities respectively.

Incoming resources

All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.

Grants receivable are accounted for when due. Grants relating to tangible fixed assets are treated as deferred income and released to the Statement of Financial Activities over the expected useful life of the asset while grants relating to expenses are credited to the Statement of Financial Activities as the related expenditure is incurred. Any grants received in respect of future periods are deferred into the correct period.

Income from donations, legacies, fundraising and similar incoming resources are included in the year in which they are receivable.

Any income received for specific purpose is accounted for as restricted funds when receivable.

Expenditure

Expenditure is accounted for on an accruals basis and has been classified under the principal categories related to the cost.

Costs allocated to activities in the furtherance of the charity’s objects are those directly associated with achieving the charity’s goals. Support costs are those incurred in connection with the management of the company’s assets, organisational administration and compliance with constitutional and statutory requirements. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Fund accounting

Unrestricted funds are available for use at the discretion of the trustees in the furtherance of the general activities of the charity. Surplus funds can be allocated to restricted projects if the trustees believe they are required.

Restricted funds are funds subject to specific restriction imposed by the donors for the purpose of any appeal in which the funds are raised and can only be used for particular purpose within the objects of the charity.

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MERSEYSIDE BUILDINGS PRESERVATION TRUST (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 31ST MARCH 2023

1. ACCOUNTING POLICIES (Continued)

Taxation

The company is a registered charity and is therefore exempt from Income Tax and Corporation Tax under the provisions of Section 505(1) of the Income and Corporation Taxes Act 1988.

2. CHARITABLE ACTIVITIES

KIND 2023
£
9,209
9,209		 2022
£
8,357
8,357

3. INCOMING RESOURCES

The total income for the year was £74,715 (2022: £8,369) of which £65,506 was unrestricted (2022: £12) and £9,209 was restricted (2022: £8,357).

4. RESOURCES EXPENDED

Conservation works
Irrecoverable VAT
Advertising and publicity
Support costs		 Charitable objectives
Trading and other activity
Total
Total
Unrestricted
Restricted
Unrestricted
Restricted
2023
2022
£
£
£
£
£
£
7,623
8,020
-
-
15,643
12,263
3,398
-
-
-
3,398
-
-
-
-
-
-
2,063
5,822
-
-
-
5,822
300
16,843
8,020
-
-
24,863
14,626

The total expenditure for the year was £24,863 (2022: £14,626) of which £16,843 was unrestricted (2022: £7,111) and £8,020 was restricted (2022: £7,515).

SUPPORT COSTS

Accountancy
Legal and professional fees		 Total
Total
2023
2022
£
£
1,175
300
4,647
-
5,822
300

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MERSEYSIDE BUILDINGS PRESERVATION TRUST (A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 31ST MARCH 2023

5. ANALYSIS OF TOTAL RESOURCES EXPENDED

Direct charitable expenditure
Support costs		 Staff
Costs
Other
Depreciation
etc
2023
2022
£
£
£
£
£
-
19,041
-
19,041
14,326
-
5,822
-
5,822
300
-
24,863
-
24,863
14,626

6. STAFF COSTS

Trustees’ remuneration

No trustees or persons related or connected by business to them have received any remuneration or other benefits from the charity during the current or previous year.

Trustees’ expenses

No trustees were reimbursed with expenses incurred on behalf of the company during the current or previous year.

Key Management Personnel remuneration

There were no Key Management Personnel in receipt of any remuneration during the current or previous year.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Other debtors
Prepayments and accrued income		 2023
£
26,281
-
26,281		 2022
£
1,479
-
1,479

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Other creditors
Accruals and deferred income		 2023
£
3,398
900
4,298		 2022
£
-
750
750

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MERSEYSIDE BUILDINGS PRESERVATION TRUST (A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 31ST MARCH 2023

9a. MOVEMENT IN RESTRICTED FUNDS

Conservation projects:
Welsh Presbyterian
Church, Liverpool
Other projects:
Preservation works		 1stApril
2022
Income
and
gains
Expenditure
and
losses
Transfers
between
funds
Revaluations
31st March
2023
£
£
£
£
£
£
-
9,209
(8,020)
(1,189)
-
-
-
-
-
-
-
-
-
9,209
(8,020)
(1,189)
-
-

9b. MOVEMENT IN UNRESTRICTED FUNDS

Designated funds:
Welsh Presbyterian
Church, Liverpool
Undesignated funds:
General funds		 1stApril
2022
Income
and
gains
Expenditure
and
losses
Transfers
between
funds
Revaluations
31st March
2023
£
£
£
£
£
£
17,235
-
-
(17,235)
-
-
72,745
65,506
(16,843)
18,424
-
139,832
89,980
65,506
(16,843)
1,189
-
139,832

10. ANALYSIS OF ASSETS AND LIABILITIES BETWEEN FUNDS

Current assets
Current liabilities		 Restricted
funds
Unrestricted
funds
Total
2023
£
£
£
-
144,130
144,130
-
(4,298)
(4,298)
-
139,832
**139,832 **

11. MEMBERS

The company is a company limited by guarantee and does not have a share capital. The liability of each member by way of their guarantee to the company is to contribute a sum not exceeding £1 to the assets of the company if so required on the winding up of the company.

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