The St James The Less Preservation Trust - Charities report - 22.2

REGISTERED COMPANY NUMBER: 05042903 (England and Wales)

REGISTERED CHARITY NUMBER: 1103639

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

FOR

THE ST JAMES THE LESS PRESERVATION TRUST

Page

Report of the Trustees

1

Independent Examiner's Report

2

Statement of Financial Activities

3

Balance Sheet

4

to

5

Notes to the Financial Statements

6

to

10

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 31 December 2022. 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).

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

05042903 (England and Wales)

Registered Charity number

1103639

Registered office

Spring Bank Arts Centre

Spring Bank

New Mills

High Peak

SK22 4BH

Trustees

R P Binch

A J Bond

Ms J M Cocking

D Culliford

P Gardner

Mrs M Le Messurier-Ritchie

P Sharp

Ms G Tomlinson

Company Secretary

Independent Examiner

Darren C Cooper FCA

A.Allen & Son Limited

45 Union Road

New Mills

High Peak

SK22 3EL

Approved by order of the board of trustees on 22 March 2023 and signed on its behalf by:

Ms G Tomlinson - Trustee

Independent examiner's report to the trustees of The St James The Less Preservation Trust ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2022.

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.

Darren C Cooper FCA

A.Allen & Son Limited

45 Union Road

New Mills

High Peak

SK22 3EL

22 March 2023

31/12/22

31/12/21

Unrestricted

Total

funds

funds

Notes

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

41,783

19,372

Charitable activities

St James the Less preservation

2,667

34,573

Total

44,450

53,945

EXPENDITURE ON

Raising funds

13,946

6,510

Charitable activities

St James the Less preservation

31,804

36,652

Total

45,750

43,162

NET INCOME/(EXPENDITURE)

(1,300

)

10,783

RECONCILIATION OF FUNDS

Total funds brought forward

1,041,090

1,030,307

TOTAL FUNDS CARRIED FORWARD

1,039,790

1,041,090

31/12/22

31/12/21

Unrestricted

Total

funds

funds

Notes

£

£

FIXED ASSETS

Tangible assets

4

1,020,000

1,020,000

CURRENT ASSETS

Stocks

5

446

476

Debtors

6

1,220

582

Cash at bank and in hand

19,155

20,032

20,821

21,090

CREDITORS

Amounts falling due within one year

7

(1,031

)

-

NET CURRENT ASSETS

19,790

21,090

TOTAL ASSETS LESS CURRENT LIABILITIES

1,039,790

1,041,090

NET ASSETS

1,039,790

1,041,090

FUNDS

8

Unrestricted funds

1,039,790

1,041,090

TOTAL FUNDS

1,039,790

1,041,090

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

(a)	ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

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 22 March 2023 and were signed on its behalf by:

A J Bond - Trustee

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

not provided

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

2.	TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 December 2022 nor for the year ended 31 December 2021.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 December 2022 nor for the year ended 31 December 2021.

3.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted

funds

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

19,372

Charitable activities

St James the Less preservation

34,573

Total

53,945

EXPENDITURE ON

Raising funds

6,510

Charitable activities

St James the Less preservation

36,652

Total

43,162

NET INCOME

10,783

RECONCILIATION OF FUNDS

Total funds brought forward

1,030,307

TOTAL FUNDS CARRIED FORWARD

1,041,090

4.	TANGIBLE FIXED ASSETS

Freehold

property

£

COST

At 1 January 2022 and 31 December 2022

1,020,000

NET BOOK VALUE

At 31 December 2022

1,020,000

At 31 December 2021

1,020,000

5.

STOCKS

31/12/22

31/12/21

£

£

Stocks

446

476

6.	DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/22

31/12/21

£

£

Trade debtors

1,220

582

7.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/22

31/12/21

£

£

Trade creditors

341

-

Accrued expenses

690

-

1,031

-

8.	MOVEMENT IN FUNDS

Net

movement

At

At 1.1.22

in funds

31.12.22

£

£

£

Unrestricted funds

General fund

30,790

(1,300

)

29,490

Revaluation reserve

1,010,300

-

1,010,300

1,041,090

(1,300

)

1,039,790

TOTAL FUNDS

1,041,090

(1,300

)

1,039,790

Net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

44,450

(45,750

)

(1,300

)

TOTAL FUNDS

44,450

(45,750

)

(1,300

)

Comparatives for movement in funds

Net

movement

At

At 1.1.21

in funds

31.12.21

£

£

£

Unrestricted funds

General fund

20,007

10,783

30,790

Revaluation reserve

1,010,300

-

1,010,300

1,030,307

10,783

1,041,090

TOTAL FUNDS

1,030,307

10,783

1,041,090

Comparative net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

53,945

(43,162

)

10,783

TOTAL FUNDS

53,945

(43,162

)

10,783

A current year 12 months and prior year 12 months combined position is as follows:

Net

movement

At

At 1.1.21

in funds

31.12.22

£

£

£

Unrestricted funds

General fund

20,007

9,483

29,490

Revaluation reserve

1,010,300

-

1,010,300

1,030,307

9,483

1,039,790

TOTAL FUNDS

1,030,307

9,483

1,039,790

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

98,395

(88,912

)

9,483

TOTAL FUNDS

98,395

(88,912

)

9,483

9.	RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 December 2022.