| REGISTERED COMPANY NUMBER: |
| REGISTERED CHARITY NUMBER: |
| REPORT OF THE TRUSTEES AND |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| FOR |
| THE THATCHAM(OLD BLUECOAT SCHOOL)CHARITY |
| (A COMPANY LIMITED BY GUARANTEE) |
| REGISTERED COMPANY NUMBER: |
| REGISTERED CHARITY NUMBER: |
| REPORT OF THE TRUSTEES AND |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| FOR |
| THE THATCHAM(OLD BLUECOAT SCHOOL)CHARITY |
| (A COMPANY LIMITED BY GUARANTEE) |
| THE THATCHAM(OLD BLUECOAT SCHOOL)CHARITY |
| 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 |
| Notes to the Financial Statements | 6 | to | 10 |
| THE THATCHAM(OLD BLUECOAT SCHOOL)CHARITY (REGISTERED NUMBER: 05229774) |
| 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 |
| Objectives and aims |
| The objects of the charity are to preserve, for the benefit of the people of Thatcham and of the nation, the historical, architectural and constructional heritage that may exist in buildings in and around Thatcham and in particular, the Old Bluecoat School (also known as St. Thomas's Chapel). The Old Bluecoat School is to be made available for the advancement of education and to provide leisure and recreation facilities, with the object of improving the conditions of life for the inhabitants of Thatcham and adjoining parishes. To achieve this, the charity leased the Old Bluecoat School (a Grade I listed building) and holds it for public benefit before conserving and restoring the fabric of the building. |
| ACHIEVEMENT AND PERFORMANCE |
| Charitable activities |
| The charity and its advisors are continuing work to formalise applications for the major refurbishment funding. |
| Fundraising activities |
| The charity has held a number of fundraising functions all of which have been successful and very much appreciated. |
| FINANCIAL REVIEW |
| Investment policy and objectives |
| Under the Memorandum and Articles of Association, the charity has the power to make any investment which the trustees see fit. |
| Reserves policy |
| The trustees have established the level of reserves that the charity ought to have. Reserves are required, in the short term, to sustain operations over the period when it is anticipated that some of the income generating activities will be curtailed due to the effects of Covid-19. |
| Reserves are necessary to finance the conserving and restoring of the fabric of the building and to fund the gap between spending on education, leisure and recreation facilities and receiving resources through admission charges and grants that provide funding. |
| The trustees consider that the current level of reserves of £31,832 is sufficient to cover costs as they arise. The trustees are continuing fundraising activities in order to build up the level of reserves. |
| FUTURE PLANS |
| Future funding for the refurbishment is still the priority and forms the focus of the trustees attention. |
| STRUCTURE, GOVERNANCE AND MANAGEMENT |
| Governing document |
| The Thatcham (Old Bluecoat School) Charity is governed by it's Memorandum and Articles of Association dated 13th September 2004 and is registered with the Charity Commission. |
| Appointment of new trustees |
| The trustees may appoint additional trustees at any point in time but they must be reappointed at the following Annual General Meeting if they wish to remain in office. |
| Organisational structure |
| The number of trustees shall not be less than three but there is no maximum limit. The Board of Trustees meets regularly to administer the charity, including the day to day activities. |
| REFERENCE AND ADMINISTRATIVE DETAILS |
| Registered Company number |
| THE THATCHAM(OLD BLUECOAT SCHOOL)CHARITY (REGISTERED NUMBER: 05229774) |
| REPORT OF THE TRUSTEES |
| for the year ended 30 SEPTEMBER 2024 |
| Registered Charity number |
| Registered office |
| Trustees |
| Company Secretary |
| Independent Examiner |
| Stephen J. Coke FCA |
| C B Heslop & Company Limited |
| Chartered Accountants |
| 1 High Street |
| Thatcham |
| Berks |
| RG19 3JG |
| Bankers |
| London |
| WC1B 5HA |
| This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. |
| Approved by order of the board of trustees on |
| INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF |
| THE THATCHAM(OLD BLUECOAT SCHOOL)CHARITY |
| Independent examiner's report to the trustees of The Thatcham(Old Bluecoat School)Charity ('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. |
| Stephen J. Coke FCA |
| The Institute of Chartered Accountants in England and Wales |
| C B Heslop & Company Limited |
| Chartered Accountants |
| 1 High Street |
| Thatcham |
| Berks |
| RG19 3JG |
| Date: ............................................. |
| THE THATCHAM(OLD BLUECOAT SCHOOL)CHARITY |
| STATEMENT OF FINANCIAL ACTIVITIES |
| (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) |
| for the year ended 30 SEPTEMBER 2024 |
| 30.9.24 | 30.9.23 |
| Unrestricted | Restricted | Total | Total |
| fund | fund | funds | funds |
| Notes | £ | £ | £ | £ |
| INCOME AND ENDOWMENTS FROM |
| Donations, legacies and grants |
| Other trading activities | 2 |
| Investment income | 3 |
| Total |
| EXPENDITURE ON |
| Raising funds and property maintenance | 4 |
| Charitable activities |
| Total |
| NET INCOME/(EXPENDITURE) | ( |
) |
| RECONCILIATION OF FUNDS |
| Total funds brought forward |
| TOTAL FUNDS CARRIED FORWARD | 31,406 |
| THE THATCHAM(OLD BLUECOAT SCHOOL)CHARITY (REGISTERED NUMBER: 05229774) |
| BALANCE SHEET |
| 30 SEPTEMBER 2024 |
| 30.9.24 | 30.9.23 |
| Unrestricted | Restricted | Total | Total |
| fund | fund | funds | funds |
| Notes | £ | £ | £ | £ |
| CURRENT ASSETS |
| Debtors | 8 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 9 | ( |
) | ( |
) | ( |
) | ( |
) |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| NET ASSETS |
| FUNDS | 10 |
| Unrestricted funds: |
| General fund | 31,832 | 31,406 |
| TOTAL FUNDS | 31,406 |
| 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. |
| 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 |
| THE THATCHAM(OLD BLUECOAT SCHOOL)CHARITY |
| 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. |
| 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. |
| 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. |
| Designated funds are funds set aside by the trustees out of unrestricted general funds for the specific future purposes or projects. |
| 2. | OTHER TRADING ACTIVITIES |
| 30.9.24 | 30.9.23 |
| £ | £ |
| Rental Income | 9,890 | 10,990 |
| 3. | INVESTMENT INCOME |
| 30.9.24 | 30.9.23 |
| £ | £ |
| Deposit account interest |
| THE THATCHAM(OLD BLUECOAT SCHOOL)CHARITY |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the year ended 30 SEPTEMBER 2024 |
| 4. | RAISING FUNDS AND PROPERTY MAINTENANCE |
| Investment management costs |
| 30.9.24 | 30.9.23 |
| £ | £ |
| Property repairs |
| 5. | 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. |
| 6. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
| Unrestricted | Restricted | Total |
| fund | fund | funds |
| £ | £ | £ |
| INCOME AND ENDOWMENTS FROM |
| Donations, legacies and grants |
| Other trading activities |
| Investment income |
| Total |
| EXPENDITURE ON |
| Raising funds and property maintenance |
| Charitable activities |
| Total |
| NET INCOME/(EXPENDITURE) | ( |
) | ( |
) |
| RECONCILIATION OF FUNDS |
| Total funds brought forward | 31,947 | - |
| TOTAL FUNDS CARRIED FORWARD | 31,406 | - | 31,406 |
| THE THATCHAM(OLD BLUECOAT SCHOOL)CHARITY |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the year ended 30 SEPTEMBER 2024 |
| 7. | INDEPENDENT EXAMINATION |
| The accountancy charge in the accounts for the fees of the Independent Examination is £Nil. The actual cost of £700 plus vat, has been donated to the charity by Heslops, Chartered Accountants. |
| 8. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.9.24 | 30.9.23 |
| £ | £ |
| Other debtors |
| 9. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.9.24 | 30.9.23 |
| £ | £ |
| Other creditors |
| Deposits paid in advance |
| Accrued expenses |
| 10. | MOVEMENT IN FUNDS |
| Net |
| At | movement | At |
| 1.10.23 | in funds | 30.9.24 |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 31,406 | 426 | 31,832 |
| TOTAL FUNDS | 426 | 31,832 |
| Net movement in funds, included in the above are as follows: |
| Incoming | Resources | Movement |
| resources | expended | in funds |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 10,660 | (10,234 | ) | 426 |
| TOTAL FUNDS | ( |
) | 426 |
| Comparatives for movement in funds |
| Net |
| At | movement | At |
| 1.10.22 | in funds | 30.9.23 |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 31,947 | (541 | ) | 31,406 |
| TOTAL FUNDS | 31,947 | (541 | ) | 31,406 |
| THE THATCHAM(OLD BLUECOAT SCHOOL)CHARITY |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the year ended 30 SEPTEMBER 2024 |
| 10. | MOVEMENT IN FUNDS - continued |
| Comparative net movement in funds, included in the above are as follows: |
| Incoming | Resources | Movement |
| resources | expended | in funds |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 12,509 | (13,050 | ) | (541 | ) |
| Restricted funds |
| Building Projects Provision | 12,487 | (12,487 | ) | - |
| TOTAL FUNDS | 24,996 | (25,537 | ) | (541 | ) |
| A current year 12 months and prior year 12 months combined position is as follows: |
| Net |
| At | movement | At |
| 1.10.22 | in funds | 30.9.24 |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 31,947 | (115 | ) | 31,832 |
| TOTAL FUNDS | 31,947 | (115 | ) | 31,832 |
| 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 | 23,169 | (23,284 | ) | (115 | ) |
| Restricted funds |
| Building Projects Provision | 12,487 | (12,487 | ) | - |
| TOTAL FUNDS | 35,656 | (35,771 | ) | (115 | ) |
| THE THATCHAM(OLD BLUECOAT SCHOOL)CHARITY |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the year ended 30 SEPTEMBER 2024 |
| 11. | CONTINGENT LIABILITIES |
| There were no contingent liabilities at the balance sheet date. |
| 12. | RELATED PARTY DISCLOSURES |
| 13. | LEGAL STATUS |
| The charity is a company limited by guarantee and has no share capital. The liability of each member in the event of winding-up is limited to £10. |