Macclesfield Barnaby Festival Limited
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Registered number: |
08005512
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Balance Sheet |
as at 29 September 2021
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Notes |
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2021 |
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2020 |
£ |
£ |
£ |
£ |
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Current assets |
Cash at bank and in hand |
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35,941 |
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66,249 |
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Creditors: amounts falling due within one year |
3 |
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(13,909) |
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(3,606) |
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Net current assets |
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22,032 |
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62,643 |
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Net assets |
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22,032 |
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62,643 |
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Funds |
Unrestricted funds |
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23,141 |
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20,304 |
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Restricted funds |
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(1,109) |
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42,339 |
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|
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22,032 |
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62,643 |
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|
|
|
|
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The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
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The members have not required the company to obtain an audit in accordance with section 476 of the Act.
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The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
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The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
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M Jolliffe |
Director |
Approved by the board on 23 May 2022
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Macclesfield Barnaby Festival Limited
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Notes to the Accounts |
for the year ended 29 September 2021
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1 |
Accounting policies |
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Basis of preparation |
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The financial statements of the charitable company, which is a public benefit entity under FRS102, have been prepared in accordance with the Charities SORP (FRS102) "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 (FRS102)", 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.
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Incoming resources |
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All incoming resources are included in the Statement of Financial Activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. Voluntary income is received by way of grants, sponsorship, donations and gifts and is included in full in the Statement of Financial Activities when receivable. Grants, where entitlement is not conditional on the delivery of a specific performance by the charity, are recognised when the charity becomes unconditionally entitled to the grant. Donated services and facilities are included at the value to the charity where this can be quantified. The value of services provided by volunteers has not been included in these accounts. Incoming resources from charitable activity are accounted for when earned.
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Resources expended |
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Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT and is reported as part of the expenditure to which it relates. Costs of generating funds comprise the costs associated with attracting voluntary income and the costs of trading for fundraising purposes. Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
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Accumulated funds |
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Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the accounts. Unrestricted funds are available for use at the discretion of the trustees in the furtherance of the general objectives of the charity.
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Debtors |
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Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
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Creditors |
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Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
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Taxation |
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The charity is exempt from Corporation Tax on it's charitable activities.
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2 |
Employees |
2021 |
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2020 |
Number |
Number |
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Average number of persons employed by the company |
0
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0
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3 |
Creditors: amounts falling due within one year |
2021 |
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2020 |
£ |
£ |
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Accruals |
12,438 |
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3,606 |
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Other creditors - Grant repayment |
1,471 |
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- |
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13,909 |
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3,606 |
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4 |
Trustees |
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None of the Trustees (or any person connected with them) received any remuneration during the year. |
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5 |
Company limited by guarantee |
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Every member of the company undertakes to contribute such amount as may be required, not exceeding £1, to the Company's assets if it should be wound up. |
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6 |
Registered office |
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Waters Green House |
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Sunderland Street |
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Macclesfield |
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Cheshire |
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SK11 6LF |