IRIS Accounts Production v25.1.0.734 Other Company accounts True false Pounds 1.10.23 30.9.24 30.9.24 FY FRS 102 Independent examiner Small companies regime for accounts Full Charities SORP true true true true false true false true 0 0 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh025211732023-09-30025211732024-09-30025211732023-10-012024-09-30025211732022-09-30025211732022-10-012023-09-30025211732023-09-3002521173ns0:CharitableCompanyLimitedByGuarantee2023-10-012024-09-3002521173ns15:PoundSterling2023-10-012024-09-3002521173ns11:FRS1022023-10-012024-09-3002521173ns11:IndependentExaminationCharity2023-10-012024-09-3002521173ns11:SmallCompaniesRegimeForAccounts2023-10-012024-09-3002521173ns11:FullAccounts2023-10-012024-09-3002521173ns11:CharitiesSORP2023-10-012024-09-3002521173ns16:EnglandWales2023-10-012024-09-3002521173ns11:RegisteredOffice2023-10-012024-09-3002521173ns0:Trustee22023-10-012024-09-3002521173ns0:Trustee32023-10-012024-09-3002521173ns0:Trustee12023-10-012024-09-3002521173ns11:CompanySecretary12023-10-012024-09-3002521173ns10:WithinOneYear2024-09-3002521173ns10:WithinOneYear2023-09-3002521173ns10:WithinOneYear2023-10-012024-09-30
REGISTERED COMPANY NUMBER: 02521173 (England and Wales)
REGISTERED CHARITY NUMBER: 1017833














REPORT OF THE TRUSTEES AND

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

THE NORTH & EAST LANCASHIRE UNITARIAN
MISSION TRUSTEE COMPANY (INCORPORATED)

THE NORTH & EAST LANCASHIRE UNITARIAN
MISSION TRUSTEE COMPANY (INCORPORATED)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 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 10

THE NORTH & EAST LANCASHIRE UNITARIAN
MISSION TRUSTEE COMPANY (INCORPORATED) (REGISTERED NUMBER: 02521173)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 30 SEPTEMBER 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 30 September 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
Objects of the charity
The objects of the charity are to act as custodian or management trustee on behalf of The North and East Lancashire Unitarian Mission and individual or groups of churches within the mission area.

Public benefit
Each year the trustees review the objectives and activities of the charity to ensure they continue to reflect their aims and provide public benefit. The trustees are more than satisfied that they do.han satisfied that they do.

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
02521173 (England and Wales)

Registered Charity number
1017833

Registered office
Grafton House
81 Chorley Old Road
Bolton
Lancashire
BL1 3AJ

Trustees
B R Brown
Reverend B Allerton
Ms K Diggle

Company Secretary
Reverend B Allerton

Independent Examiner
A J Syddall M.A., F.C.A.
P B Syddall & Co
Chartered Accountants
Grafton House
81 Chorley Old Road
Bolton
Lancashire
BL1 3AJ


THE NORTH & EAST LANCASHIRE UNITARIAN
MISSION TRUSTEE COMPANY (INCORPORATED) (REGISTERED NUMBER: 02521173)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 30 SEPTEMBER 2024


REFERENCE AND ADMINISTRATIVE DETAILS
Bankers
CAF Bank Limited
25 Kings Hill Avenue
Kings Hill
West Malling
Kent
ME19 4TA

Stockbrokers
Charles Stanley & Co Limited
25 Luke Street
London
EC2A 4AR

Approved by order of the board of trustees on 25 March 2025 and signed on its behalf by:





Ms K Diggle - Trustee

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
THE NORTH & EAST LANCASHIRE UNITARIAN
MISSION TRUSTEE COMPANY (INCORPORATED)

Independent examiner's report to the trustees of The North & East Lancashire Unitarian Mission Trustee Company (Incorporated) ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 September 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.








A J Syddall M.A., F.C.A.
The Institute of Chartered Accountants in England and Wales

P B Syddall & Co
Chartered Accountants
Grafton House
81 Chorley Old Road
Bolton
Lancashire
BL1 3AJ

25 March 2025

THE NORTH & EAST LANCASHIRE UNITARIAN
MISSION TRUSTEE COMPANY (INCORPORATED)

STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2024 2023
Unrestricted Total
fund funds
Notes £    £   
INCOME AND ENDOWMENTS FROM

Investment income 2 58,457 50,089

EXPENDITURE ON


Other 3 (66,057 ) 129,438

Net gains/(losses) on investments 3 (124,514 ) 79,349

NET INCOME 3 - -


RECONCILIATION OF FUNDS
Total funds brought forward 3 - -

TOTAL FUNDS CARRIED FORWARD 3 - -

THE NORTH & EAST LANCASHIRE UNITARIAN
MISSION TRUSTEE COMPANY (INCORPORATED) (REGISTERED NUMBER: 02521173)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Unrestricted Total
fund funds
Notes £    £   
FIXED ASSETS
Investments 5 1,526,212 1,319,571

CURRENT ASSETS
Debtors 6 - 23,003
Cash at bank 265,673 333,390
265,673 356,393

CREDITORS
Amounts falling due within one year 7 (1,791,885 ) (1,675,964 )

NET CURRENT ASSETS (1,526,212 ) (1,319,571 )

TOTAL ASSETS LESS CURRENT
LIABILITIES

-

-

NET ASSETS/(LIABILITIES) - -
FUNDS 8
TOTAL FUNDS - -

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.


The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.


THE NORTH & EAST LANCASHIRE UNITARIAN
MISSION TRUSTEE COMPANY (INCORPORATED) (REGISTERED NUMBER: 02521173)

BALANCE SHEET - continued
30 SEPTEMBER 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 25 March 2025 and were signed on its behalf by:





K Diggle - Trustee

THE NORTH & EAST LANCASHIRE UNITARIAN
MISSION TRUSTEE COMPANY (INCORPORATED)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 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, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

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

2. INVESTMENT INCOME
2024 2023
£    £   
Income from fixed asset investments 58,457 50,089

3. OTHER
2024 2023
£    £   
Administration expenses 21,506 21,628
Amount due to/(from) investing charities (87,563 ) 107,810
(66,057 ) 129,438



THE NORTH & EAST LANCASHIRE UNITARIAN
MISSION TRUSTEE COMPANY (INCORPORATED)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

4. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 30 September 2024 nor for the year ended 30 September 2023.


TRUSTEES' EXPENSES

There were no trustees' expenses paid for the year ended 30 September 2024 nor for the year ended 30 September 2023.


5. FIXED ASSET INVESTMENTS


Listed
investments
£
MARKET VALUE
As at 1 October 2023 1,319,571
Additions 87,391
Disposals (20,730 )
Reclassification/transfer 15,465
Unrealised gains/(losses) on fixed asset investments 107,269
Realised gains/(losses) on fixed asset investments 17,246
At 30 September 2024 1,526,212
At 30 September 2023 1,319,571

The historical cost of the above investments at 30 September 2024 was £1,128,174 (2023 - £976,816).











Book cost
Book
/market
value
30.09.23 or
cost of
additions


Unrealised
gains/losses
adjustments
and transfers




Market value
30.09.24
£    £    £    £   
Fixed Interest Fund
M&G Securities 39116 units Charibond 45,668 41,459 1,733 43,192
Old Mutual Fund Managers
39,699.8315 Units 41,490 45,067 1,465 46,532
87,158 86,526 3,198 89,724

Equity Fund

M&G Securities 7,000 units Charifund 26,039 122,711 7,521 130,232
Charles Stanley Shares Portfolio 1,014,977 1,110,334 195,922 1,306,256
1,041,016 1,233,045 203,443 1,436,488

Total invested 30 September 2024 1,128,174 1,319,571 206,641 1,526,212


THE NORTH & EAST LANCASHIRE UNITARIAN
MISSION TRUSTEE COMPANY (INCORPORATED)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
North & East Lancashire Unitarian Mission - 23,003

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Income due to investing charities - (43,842 )
Capital and income due to investing charities 1,791,885 1,718,514
Other creditors - 1,292
1,791,885 1,675,964

2024 2023
£ £
Capital and income due to investing charities
The North and East Lancashire Unitarian Mission130,175305,663
Colne Fund49,22045,325
Blackpool North Shore Trust Fund256,289171,837
Horwich Church and Morris Bequest Fund73,35376,564
Horwich Trustee Fund55,50033,847
Newchurch330,391293,136
Lancaster789,084697,612
Preston107,87394,530
1,791,8851,718,514

8. MOVEMENT IN FUNDS
Net
At movement At
1.10.23 in funds 30.9.24
£    £    £   
TOTAL FUNDS - - -

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

Incoming Resources Gains and Movement
resources expended losses in funds
£    £    £    £   
Unrestricted funds
General fund 58,457 66,057 (124,514 ) -

TOTAL FUNDS 58,457 66,057 (124,514 ) -


THE NORTH & EAST LANCASHIRE UNITARIAN
MISSION TRUSTEE COMPANY (INCORPORATED)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

9. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 30 September 2024.

10. LIABILITY OF MEMBERS

Every member of the company undertakes to contribute to the assets of the company, in the event of the same being wound up while he is a member, or within one year after he ceased to be a member, for payment of the debts and liabilities of the company contracted before he ceases to be a member, and of the costs, charges and expenses of winding up, and for the adjustment of the rights of the contributories among themselves such amount as may be required not exceeding one pound.

11. CONNECTED CHARITIES

The company is connected to the The North & East Lancashire Unitarian Mission. It acts as custodian or managing trustee in respect of the investments of the Mission and individual or groups of churches within the Mission area. All the net income of the company is distributed to the investing charities.

12. CHARITABLE COMPANY STATUS

The company is incorporated as a company limited by guarantee and not having a share capital. It is registered as a charity and is exempt from taxation.