ANNIE MACPHERSON HOME OF INDUSTRY (INCORPORATED)

Company limited by guarantee

Company Registration Number:
00108687 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2023

Period of accounts

Start date: 1 January 2023

End date: 31 December 2023

ANNIE MACPHERSON HOME OF INDUSTRY (INCORPORATED)

Contents of the Financial Statements

for the Period Ended 31 December 2023

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

ANNIE MACPHERSON HOME OF INDUSTRY (INCORPORATED)

Directors' report period ended 31 December 2023

The directors present their report with the financial statements of the company for the period ended 31 December 2023

Principal activities of the company

Christian worship and teaching, pastoral care and spiritual support, promoting the welfare and well-being of disadvantaged people, providing events, activities and services for local people including mentoring programmes, residentials, small groups, art and craft workshops, a community cafe, football project, gardening project and night shelter for homeless people.

Political and charitable donations

Donations to charities local and international, and individual gifts for those experiencing poverty.



Directors

The directors shown below have held office during the whole of the period from
1 January 2023 to 31 December 2023

Bernadette Cunningham
Phillip Harniess


The director shown below has held office during the period of
1 January 2023 to 10 September 2023

Patrricia Davis


Secretary Rev. Michael Houston

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
10 September 2024

And signed on behalf of the board by:
Name: Phillip Harniess
Status: Director

ANNIE MACPHERSON HOME OF INDUSTRY (INCORPORATED)

Profit And Loss Account

for the Period Ended 31 December 2023

2023 2022


£

£
Turnover: 236,733 273,558
Cost of sales: ( 334,960 ) ( 277,188 )
Gross profit(or loss): (98,227) (3,630)
Operating profit(or loss): (98,227) (3,630)
Profit(or loss) before tax: (98,227) (3,630)
Profit(or loss) for the financial year: (98,227) (3,630)

ANNIE MACPHERSON HOME OF INDUSTRY (INCORPORATED)

Balance sheet

As at 31 December 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 3,525,700 3,569,723
Investments: 4 50,394 50,131
Total fixed assets: 3,576,094 3,619,854
Current assets
Debtors: 5 778,052 858,110
Cash at bank and in hand: 150,225 135,394
Total current assets: 928,277 993,504
Creditors: amounts falling due within one year: 6 ( 94,699 ) ( 74,935 )
Net current assets (liabilities): 833,578 918,569
Total assets less current liabilities: 4,409,672 4,538,423
Creditors: amounts falling due after more than one year: 7 ( 3,195,438 ) ( 3,226,225 )
Total net assets (liabilities): 1,214,234 1,312,198
Members' funds
Profit and loss account: 1,214,234 1,312,198
Total members' funds: 1,214,234 1,312,198

The notes form part of these financial statements

ANNIE MACPHERSON HOME OF INDUSTRY (INCORPORATED)

Balance sheet statements

For the year ending 31 December 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 10 September 2024
and signed on behalf of the board by:

Name: Phillip Harniess
Status: Director

The notes form part of these financial statements

ANNIE MACPHERSON HOME OF INDUSTRY (INCORPORATED)

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. The recognition of income from legacies is dependent on establishing entitlement, the probability of receipt and the ability to estimate with sufficient accuracy the amount receivable. Evidence of entitlement to a legacy exists when the charity has sufficient evidence that a gift has been left to them (through knowledge of the existence of a valid will and the death of the benefactor) and the executor is satisfied that the property in question will not be required to satisfy claims in the estate. Receipt of a legacy must be recognised when it is probable that it will be received and the fair value of the amount receivable, which will generally be the expected cash amount to be distributed to the charity, can be reliably measured. Rental income is accounted for in the period in which it falls due. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable. Other income is recognised in the period in which it is receivable and to the extent the goods have been provided or on completion of the service.

    Tangible fixed assets depreciation policy

    Tangible fixed assets costing £1,000 or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably. Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost. Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, . Depreciation is provided on the following bases: Freehold property Long-term leasehold property Fixtures and fittings Computer equipment 2.9 Investments - 2% straight line method - 125 years - 40% reducing balance method - 3 years straight line method

    Other accounting policies

    Reserves Policy, investments, debtors, liabilities and provisions, financail instrummnets, headleases, pensions, fund accounting, cash flow, consolidation.

ANNIE MACPHERSON HOME OF INDUSTRY (INCORPORATED)

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 12 8

ANNIE MACPHERSON HOME OF INDUSTRY (INCORPORATED)

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 January 2023 3,766,765 56,671 0 3,823,436
Additions 1,119 1,119
Disposals
Revaluations
Transfers
At 31 December 2023 3,766,765 56,671 1,119 3,824,555
Depreciation
At 1 January 2023 207,596 46,117 0 253,713
Charge for year 42,792 2,070 280 45,142
On disposals
Other adjustments
At 31 December 2023 250,388 48,187 280 298,855
Net book value
At 31 December 2023 3,516,377 8,484 839 3,525,700
At 31 December 2022 3,559,169 10,554 0 3,569,723

ANNIE MACPHERSON HOME OF INDUSTRY (INCORPORATED)

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Fixed assets investments note

Unlisted investments at market value comprise the charity's COIF Charities Investment Fund. All the fixed asset investments are held in the UK. Other fixed asset investments include a co-investment in a property alongside Bethany Lambert, who became a trustee on 15 February 2024. This investment entitles the charity to a 9.33% stake in the property. The investment has been facilitated by an original loan to the trustee of £40,000. This loan is repayable on or before 16 November 2032 and has been made at an annual interest rate of 2%.

ANNIE MACPHERSON HOME OF INDUSTRY (INCORPORATED)

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Debtors

2023 2022
£ £
Trade debtors 415,683 417,800
Prepayments and accrued income 248 1,812
Other debtors 362,121 438,498
Total 778,052 858,110

ANNIE MACPHERSON HOME OF INDUSTRY (INCORPORATED)

Notes to the Financial Statements

for the Period Ended 31 December 2023

6. Creditors: amounts falling due within one year note

2023 2022
£ £
Bank loans and overdrafts 31,084 31,156
Accruals and deferred income 7,271 7,985
Other creditors 56,344 35,794
Total 94,699 74,935

ANNIE MACPHERSON HOME OF INDUSTRY (INCORPORATED)

Notes to the Financial Statements

for the Period Ended 31 December 2023

7. Creditors: amounts falling due after more than one year note

2023 2022
£ £
Bank loans and overdrafts 331,564 338,081
Other creditors 2,863,874 2,888,144
Total 3,195,438 3,226,225