PENN & TYLERS GREEN RESIDENTS SOCIETY

Company limited by guarantee

Company Registration Number:
04701734 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2024

Period of accounts

Start date: 1 January 2024

End date: 31 December 2024

PENN & TYLERS GREEN RESIDENTS SOCIETY

Contents of the Financial Statements

for the Period Ended 31 December 2024

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

PENN & TYLERS GREEN RESIDENTS SOCIETY

Directors' report period ended 31 December 2024

The directors present their report with the financial statements of the company for the period ended 31 December 2024

Principal activities of the company

Principal activities The principal activities of the charity are as described in the charitable objects set out in Clause 3 of the Company’s Memorandum of Association :- “ 3. The Charity’s objects (“the Objects”) are to promote any charitable purpose for the benefit of the inhabitants of the villages of Penn and Tylers Green and in particular but without prejudice to the generality of the foregoing: i) to advance education; ii) to provide facilities in the interest of social welfare for recreation and other leisuretime occupation with the object of improving the conditions of life for the said inhabitants; iii) to promote high standards of planning and architecture in or affecting the area of benefit; iv) to educate and stimulate discussion on matters relating to the history, architecture, natural history and geography of the area of benefit; v) to secure the preservation, protection, development and improvement of historic, architectural or public interest in or affecting the area of benefit, vi) to secure protection, conservation and enhancement of the wildlife and countryside in or affecting the area of benefit.” In addition, the Society acts as agent for the Woodland Trust, receiving donations on its behalf which are later contributed to projects under the Landfill Tax Credit Scheme. In 2024 £20,370 was received and added to the opening funds of £153,502. Funds held on behalf of the Woodland Trust are ring-fenced in Creditors in the Society’s accounts. £10,750 was contributed to FCC Recycling Ltd for the ‘Halesowen - Making Uffmoor Wood Accessible To All’ project and £3,500 was contributed to Enovert Management Ltd for the ‘Barber Wood – Improving ecological integrity to support wildlife recovery in the Cotswolds’ project, leaving a balance of £159,622 owing at the year end. The Society benefits from any interest received on monies deposited with it.

Additional information

Structure Governance and Management Recruitment, appointment and training of trustees Purposes and aims Policy on Reserves Investment Policy and Performance Directors Responsibilities



Directors

The directors shown below have held office during the whole of the period from
1 January 2024 to 31 December 2024

Miles Green
David Harris
Sharon Herron
Michael Morley
Russell Read
Madalyn Roker
Jane Tichbon


The director shown below has held office during the period of
1 January 2024 to 2 October 2024

Cathy O'Leary


The director shown below has held office during the period of
1 January 2024 to 30 September 2024

Robert Taylor


The director shown below has held office during the period of
1 January 2024 to 18 May 2024

Nicole Webster


The director shown below has held office during the period of
18 November 2024 to 31 December 2024

Oliver Godwin


The director shown below has held office during the period of
10 October 2024 to 31 December 2024

Nicola Hooper


The director shown below has held office during the period of
16 September 2024 to 31 December 2024

Julie Newman


The director shown below has held office during the period of
18 May 2024 to 31 December 2024

Susan Breeze


Secretary Jane Tichbon

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
27 March 2025

And signed on behalf of the board by:
Name: Madalyn Roker
Status: Director

PENN & TYLERS GREEN RESIDENTS SOCIETY

Profit And Loss Account

for the Period Ended 31 December 2024

2024 2023


£

£
Turnover: 236,733 196,918
Cost of sales: ( 183,657 ) ( 171,454 )
Gross profit(or loss): 53,076 25,464
Distribution costs: ( 24,260 ) ( 21,086 )
Administrative expenses: ( 1,054 ) ( 1,045 )
Operating profit(or loss): 27,762 3,333
Interest receivable and similar income: 9,255 1,911
Interest payable and similar charges: 0 0
Profit(or loss) before tax: 37,017 5,244
Tax: 0 0
Profit(or loss) for the financial year: 37,017 5,244

PENN & TYLERS GREEN RESIDENTS SOCIETY

Balance sheet

As at 31 December 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 571,250 573,311
Total fixed assets: 571,250 573,311
Current assets
Debtors: 4 1,213 71
Cash at bank and in hand: 484,330 432,752
Total current assets: 485,543 432,823
Net current assets (liabilities): 485,543 432,823
Total assets less current liabilities: 1,056,793 1,006,134
Creditors: amounts falling due after more than one year: 5 ( 192,356 ) ( 178,714 )
Total net assets (liabilities): 864,437 827,420
Members' funds
Profit and loss account: 864,437 827,420
Total members' funds: 864,437 827,420

The notes form part of these financial statements

PENN & TYLERS GREEN RESIDENTS SOCIETY

Balance sheet statements

For the year ending 31 December 2024 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 25 March 2025
and signed on behalf of the board by:

Name: David Harris
Status: Director

The notes form part of these financial statements

PENN & TYLERS GREEN RESIDENTS SOCIETY

Notes to the Financial Statements

for the Period Ended 31 December 2024

  • 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

    Tangible fixed assets depreciation policy

    Depreciation Depreciation of fixed assets is calculated to write off their cost less any residual value over their estimated useful lives at the following rates on net book value. Office and other Equipment 20% reducing balance Land and Buildings over 299 years from 1 January 2010 Open green space not provided

    Other accounting policies

    1 Accounting Policies Basis of preparation The financial statements have been prepared under the historical cost convention except for assets which may be stated at revalued amounts. The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard (FRS 102) (Charities SORP(FRS102)), the Charities Act 2011 (as amended by the Charities Act 2022), the Companies Act 2006 and UK Generally Accepted Practice as it applies from 1 January 2019. The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated. The Charity constitutes a public benefit entity as defined by FRS 102 Going concern basis The directors consider that the company is a going concern and the accounts have been prepared on this basis Income recognition policies Items of income are recognised and included in the accounts when all of the following criteria are met: the charity has entitlement to the funds; any performance conditions attached to the items of income have been met or are fully within the control of the charity; there is sufficient certainty that receipt of the income is considered probable; and the amount can be measured reliably. Where incoming resources have related expenditure (as with fundraising or contract income) the incoming resources and related expenditure are reported gross in the Statement of Financial Activities (SoFA). For legacies, entitlement is the earlier of the charitable company being notified of an impending distribution or the legacy being received. Grants from government and other agencies have been included as income from charitable activities where these amount to a contract for services, but as donations where the money is given in response to an appeal or with greater freedom of use.

PENN & TYLERS GREEN RESIDENTS SOCIETY

Notes to the Financial Statements

for the Period Ended 31 December 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 10 10

PENN & TYLERS GREEN RESIDENTS SOCIETY

Notes to the Financial Statements

for the Period Ended 31 December 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 January 2024 598,097 7,768 605,865
Additions
Disposals
Revaluations
Transfers
At 31 December 2024 598,097 7,768 605,865
Depreciation
At 1 January 2024 25,424 7,130 32,554
Charge for year
On disposals
Other adjustments 1,934 127 2,061
At 31 December 2024 27,358 7,257 34,615
Net book value
At 31 December 2024 570,739 511 571,250
At 31 December 2023 572,673 638 573,311

PENN & TYLERS GREEN RESIDENTS SOCIETY

Notes to the Financial Statements

for the Period Ended 31 December 2024

4. Debtors

2024 2023
£ £
Prepayments and accrued income 0
Other debtors 1,213 71
Total 1,213 71

PENN & TYLERS GREEN RESIDENTS SOCIETY

Notes to the Financial Statements

for the Period Ended 31 December 2024

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

2024 2023
£ £
Other creditors 192,356 178,714
Total 192,356 178,714