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REGISTERED COMPANY NUMBER: 03675916 (England and Wales)
REGISTERED CHARITY NUMBER: 1076917















KNUTSFORD HERITAGE CENTRE

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

KNUTSFORD HERITAGE CENTRE






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Report of the Trustees 1 to 2

Independent Examiner's Report 3

Statement of Financial Activities 4

Balance Sheet 5 to 6

Notes to the Financial Statements 7 to 12

KNUTSFORD HERITAGE CENTRE (REGISTERED NUMBER: 03675916)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024


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 March 2024. 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).

OBJECTIVES AND ACTIVITIES
Aim and purposes
The Charity operated from 6th August 1999 under a trust deed laid down by its predecessor, The Macclesfield & Vale Royal Groundwork Trust Ltd. The objects of the Charity are:

(a) Informing Knutsford and district about the history and customs of Knutsford.
(b) Gathering further historical information.
(c) Education by means of in house lectures and seminars.
(d) Liaison with schools and other local organisations.
(e) Assisting local artists by providing display areas.
(f) Conservation of The Knutsford Millennium Tapestry.
(g) Encouraging visitors throughout the country.

Objectives and activities
We review our aims, objectives and activities regularly throughout the year. The review looks at what we achieved and the outcomes of our work in the previous 12 months. The review looks at the success of each key activity and the benefits they have brought to the community. The review also helps us ensure our aim, objectives and activities remain focused on our stated purposes.

Achievements and performance
The Charity has continued to provide historical and educational support to all visitors over a broad age group spectrum.

Financial review
Against the backdrop of limited resources and funding, the Charity has actively sought Trustees from different walks of life with different expertise. All activities including Trustees work is conducted by volunteers. Funding has been actively sought from diverse sources, and a restructure of the shop and its stock has been undertaken.

Reserves policy
It is the policy to maintain the free reserves of the Charity defined as unrestricted funds at a level which always equates to or exceeds approximately twelve months unrestricted expenditure. Applications for funding specific events are well in hand and expectation of success is high.

Risk
The Trustees have considered the major operational risks which the Charity faces and confirm systems have been established to enable regular reports to be produced so that the necessary steps can be taken to mitigate these risks.

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
03675916 (England and Wales)

Registered Charity number
1076917

KNUTSFORD HERITAGE CENTRE (REGISTERED NUMBER: 03675916)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024

Registered office
90A Kings Street
Knutsford
Cheshire
WA16 6ED

Trustees
V Bryant
C G Henretty (Chair)
S Harris
R Dallimore
J Nicholson
V Hainsworth
J McCappin

Company Secretary
J McCappin

Independent Examiner
Murray Smith LLP
Chartered Accountants
Darland House
44 Winnington Hill
Northwich
Cheshire
CW8 1AU

Approved by order of the board of trustees on 11 October 2024 and signed on its behalf by:





C G Henretty - Trustee

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
KNUTSFORD HERITAGE CENTRE

Independent examiner's report to the trustees of Knutsford Heritage Centre ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2024.

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.








Michael Benson

Murray Smith LLP
Chartered Accountants
Darland House
44 Winnington Hill
Northwich
Cheshire
CW8 1AU

11 October 2024

KNUTSFORD HERITAGE CENTRE

STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2024

2024 2023
Unrestricted Restricted Total Total
fund fund funds funds
Notes £    £    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 10,489 265 10,754 9,064

Other trading activities 2 7,451 - 7,451 10,142
Investment income 3 452 - 452 100
Total 18,392 265 18,657 19,306

EXPENDITURE ON
Raising funds 4,845 - 4,845 6,573

Charitable activities
Projects and activities
16,233 4,170 20,403 17,547
Total 21,078 4,170 25,248 24,120

NET INCOME/(EXPENDITURE) (2,686 ) (3,905 ) (6,591 ) (4,814 )


RECONCILIATION OF FUNDS
Total funds brought forward 45,749 3,916 49,665 54,479

TOTAL FUNDS CARRIED FORWARD 43,063 11 43,074 49,665

KNUTSFORD HERITAGE CENTRE (REGISTERED NUMBER: 03675916)

BALANCE SHEET
31 MARCH 2024

2024 2023
Unrestricted Restricted Total Total
fund fund funds funds
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 7 4,989 - 4,989 7,483

CURRENT ASSETS
Stocks 8 2,514 - 2,514 3,132
Debtors 9 803 - 803 1,024
Cash at bank 35,777 11 35,788 39,166
39,094 11 39,105 43,322

CREDITORS
Amounts falling due within one year 10 (1,020 ) - (1,020 ) (1,140 )

NET CURRENT ASSETS 38,074 11 38,085 42,182

TOTAL ASSETS LESS CURRENT
LIABILITIES

43,063

11

43,074

49,665

NET ASSETS 43,063 11 43,074 49,665
FUNDS 11
Unrestricted funds 43,063 45,749
Restricted funds 11 3,916
TOTAL FUNDS 43,074 49,665

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.


The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.


KNUTSFORD HERITAGE CENTRE (REGISTERED NUMBER: 03675916)

BALANCE SHEET - continued
31 MARCH 2024

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 11 October 2024 and were signed on its behalf by:





C G Henretty - Trustee

KNUTSFORD HERITAGE CENTRE

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

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
The policies adopted for the recognition of income are as follows:

Sale of goods
Income from the sale of goods is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of income can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on dispatch of the goods.

Rendering of services
When the outcome of a transaction can be estimated reliably, income is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to a notable milestone.

Where the outcome cannot be measured reliably, income is recognised only to the extent of the expenses recognised that are recoverable.

Grants
Income from government and other grants, whether 'capital' grants or 'revenue' grants, is recognised when the charity has entitlement to the funds, and performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.

Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recoverable, 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 including the Charity's shop.

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.

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


Fixtures and fittings - 20% on cost

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.

KNUTSFORD HERITAGE CENTRE

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

1. ACCOUNTING POLICIES - continued

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. OTHER TRADING ACTIVITIES
2024 2023
£    £   
General sales 7,451 10,142

3. INVESTMENT INCOME
2024 2023
£    £   
Interest received 452 100

4. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

2024 2023
£    £   
Depreciation - owned assets 2,494 2,494

5. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023.


Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023.



KNUTSFORD HERITAGE CENTRE

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
fund fund funds
£    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 6,263 2,801 9,064

Other trading activities 10,142 - 10,142
Investment income 100 - 100
Total 16,505 2,801 19,306

EXPENDITURE ON
Raising funds 6,573 - 6,573

Charitable activities
Projects and activities
17,547 - 17,547
Total 24,120 - 24,120

NET INCOME/(EXPENDITURE) (7,615 ) 2,801 (4,814 )


RECONCILIATION OF FUNDS
Total funds brought forward 53,364 1,115 54,479

TOTAL FUNDS CARRIED FORWARD 45,749 3,916 49,665

7. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 April 2023 and 31 March 2024 27,507
DEPRECIATION
At 1 April 2023 20,024
Charge for year 2,494
At 31 March 2024 22,518
NET BOOK VALUE
At 31 March 2024 4,989
At 31 March 2023 7,483

KNUTSFORD HERITAGE CENTRE

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

8. STOCKS
2024 2023
£    £   
Stocks 2,514 3,132

9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Prepayments and accrued income 803 1,024

10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Accruals and deferred income 1,020 1,140

11. MOVEMENT IN FUNDS
Net
movement At
At 1.4.23 in funds 31.3.24
£    £    £   
Unrestricted funds
General fund 45,749 (2,686 ) 43,063

Restricted funds
Restricted fund 3,916 (3,905 ) 11

TOTAL FUNDS 49,665 (6,591 ) 43,074

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

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 18,392 (21,078 ) (2,686 )

Restricted funds
Restricted fund 265 (4,170 ) (3,905 )

TOTAL FUNDS 18,657 (25,248 ) (6,591 )


KNUTSFORD HERITAGE CENTRE

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

11. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Net
movement At
At 1.4.22 in funds 31.3.23
£    £    £   
Unrestricted funds
General fund 53,364 (7,615 ) 45,749

Restricted funds
Restricted fund 1,115 2,801 3,916

TOTAL FUNDS 54,479 (4,814 ) 49,665

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

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 16,505 (24,120 ) (7,615 )

Restricted funds
Restricted fund 2,801 - 2,801

TOTAL FUNDS 19,306 (24,120 ) (4,814 )

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

Net
movement At
At 1.4.22 in funds 31.3.24
£    £    £   
Unrestricted funds
General fund 53,364 (10,301 ) 43,063

Restricted funds
Restricted fund 1,115 (1,104 ) 11

TOTAL FUNDS 54,479 (11,405 ) 43,074

KNUTSFORD HERITAGE CENTRE

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

11. MOVEMENT IN FUNDS - continued

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 34,897 (45,198 ) (10,301 )

Restricted funds
Restricted fund 3,066 (4,170 ) (1,104 )

TOTAL FUNDS 37,963 (49,368 ) (11,405 )

12. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2024.