Company number
:
02166849
|
For the year ended 31 March 2020
Report of the Trustees and Financial Statements
For the year ended 31 March 2020
Bancroft Meeting Place
Contents Page
1
Report of the Trustees
2
Independent Examiner's Report to the Trustees
3
Statement of Financial Activities
4
Statement of Financial Position
5 to 10
Notes to the Financial Statements
For the year ended 31 March 2020
Bancroft Meeting Place
Report of the Trustees
The Trustees
,
who are also directors for the purposes of company law
,
have pleasure in presenting their report and the
|
financial statements for the charitable company for the year ended
31
March
2020
.
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 the Republic of Ireland
(
FRS
|
102
) (
effective
1
January
2019
).
|
OBJECTIVES AND ACTIVITIES
Objectives and aims
The company's principal activities during the year was that of promoting the benefits of the inhabitants of Bancroft and to maintain and manage a meeting place establishment. The company is limited by guarantee, to the extent of £ 1 each for current member and any other person who may have been a member within the last year.
|
The trustees have considered the Charity Commision's guidance on public benefit, including the guidance 'public benefit: running a charity (PB2)'.
|
STRUCTURE
,
GOVERNANCE AND MANAGEMENT
|
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 INFORMATION
|
Bancroft Meeting Place
Charity registration number
|
297842
02166849
Company registration number
|
The trustees and officers serving during the year and since the year end were as follows:
Dr Tori-V SNELL
Mr Ian Wynne FRANKLIN
Mr Michael George SNELL
Mr Stephen Barry BARNES
Mrs Irene Elizabeth ENTWISTLE
Mrs Julie Mary BARNES
Mrs Julie HALSEY
THE ADVANCE PARTNERSHIP LTD
First Floor, 89 High Street
Newport Pagnell
MK16 8AB
1 of 10
For the year ended 31 March 2020
Bancroft Meeting Place
Report of the Trustees Continued
.............................................................................
|
Approved by the Board of Trustees and signed on its behalf by
|
2 of 10
For the year ended 31 March 2020
Bancroft Meeting Place
Independent Examiners Report to the Trustees
I report to the trustees on my examination of the accounts of the charitable company for the year ended 31 March 2020.
|
Responsibilities and basis of report
|
As the charity Trustees, who are also directors for the purposes of company law, 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 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 examiners 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 that in any material respect
:
|
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 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
.
|
THE ADVANCE PARTNERSHIP LTD
First Floor, 89 High Street
Newport Pagnell
MK16 8AB
03 December 2020
3 of 10
For the year ended 31 March 2020
Bancroft Meeting Place
Statement of Financial Activities (including Income and Expenditure Account)
2019
Income and endowments from
:
|
19,649
21,128
2
198
195
3
19,847
21,323
(19,840)
(20,800)
4
(19,840)
(20,800)
7
523
Total funds brought forward
|
33,169
33,692
Total funds carried forward
|
33,699
33,692
4 of 10
Bancroft Meeting Place
Statement of Financial Position
2020
2019
359
479
9
359
479
-
68
10
Debtors
34,602
34,828
34,602
34,896
Creditors
:
amounts falling due within one year
|
(1,262)
(1,683)
11
Net current assets
33,340
33,213
Total assets less current liabilities
|
33,699
33,692
Net assets
33,699
33,692
Unrestricted income funds
|
12
33,699
33,692
33,699
33,692
For the year ended 31 March 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
|
- The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476,
|
The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
|
The financial statements were approved and authorised for issue by the Board and signed on its behalf by
:
|
03 December 2020
5 of 10
For the year ended 31 March 2020
Bancroft Meeting Place
Notes to the Financial Statements
The financial statements have been prepared under the historical cost convention, except for investments which are included at market value and the revaluation of certain fixed assets and 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 (FRS 102), and the Companies Act 2006. Bancroft Meeting Place meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).
|
2
.
Income from donations and legacies
|
2019
2020
21,128
19,649
21,128
19,649
2019
2020
198
195
195
198
4
.
Expenditure on generating donations and legacies
|
2019
2020
159
120
191
13
20,450
19,707
19,840
20,800
6 of 10
For the year ended 31 March 2020
Bancroft Meeting Place
Notes to the Financial Statements Continued
5
.
Analysis of support costs
|
2019
2020
Management
12,318
11,548
Cleaning Expenses
1,596
1,414
Insurance
821
800
Light and Heat
1,411
1,167
Sundry Expenses
-
13
Telephone Expenses
456
473
Water Rates
384
1,300
Governance costs
2,721
3,735
20,450
19,707
6
.
Net income
/(
expenditure
)
for the year
|
This is stated after charging
/(
crediting
):
|
2020
2019
Depreciation of owned fixed assets
|
120
159
1,092
1,086
7
.
Staff costs and emoluments
|
Total staff costs for the year ended
31
March
2020
were
:
|
2020
2019
12,318
11,548
12,318
11,548
2020
2019
3
Average Number of Employee
7 of 10
For the year ended 31 March 2020
Bancroft Meeting Place
Notes to the Financial Statements Continued
8
.
Comparative for the Statement of Financial Activities
|
The comparative year values on the Statement of Financial Activites are for unrestricted funds
.
|
9
.
Tangible fixed assets
|
17,549
17,548
1
1
17,548
17,549
17,070
17,070
-
Charge for year
120
120
-
17,190
17,190
-
1
1
358
478
359
479
2020
2019
Amounts due within one year
:
|
Prepayments and accrued income
|
-
68
-
68
11
.
Creditors
:
amounts falling due within one year
|
2020
2019
22
-
Accruals and deferred income
|
1,240
1,683
1,262
1,683
8 of 10
For the year ended 31 March 2020
Bancroft Meeting Place
Notes to the Financial Statements Continued
Balance at
|
01
/
04
/
2019
|
Balance at
|
31
/
03
/
2020
|
General
33,692
19,847
(19,840)
33,699
General
33,692
19,847
(19,840)
33,699
Unrestricted Funds
-
Previous year
|
Balance at
|
01
/
04
/
2018
|
Balance at
|
31
/
03
/
2019
|
General
33,169
21,323
(20,800)
33,692
General
33,169
21,323
(20,800)
33,692
Purpose of unrestricted Funds
|
General
Hall Hire
13
.
Analysis of net assets between funds
|
Net current
|
assets
/
|
(
liabilities
)
|
Net Assets
Unrestricted funds
General
359
33,340
33,699
General
359
33,340
33,699
9 of 10
For the year ended 31 March 2020
Bancroft Meeting Place
Notes to the Financial Statements Continued
Net current
|
assets
/
|
(
liabilities
)
|
Net Assets
Unrestricted funds
General
479
33,213
33,692
General
479
33,213
33,692
10 of 10