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|CONTENTS|PAGE|
|---|---|
|Information|3|
|ReportoftheDirectors|4-14|
|ReportoftheIndependentAuditor|15-18|
|StatementofFinancialActivities|19|
|BalanceSheet|20|
|StatementofCashFlows|21|
|NotestotheFinancialStatements|22-37|





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David Hoose (Jul 24, 2024 15:41 GMT+1) 

24-Jul-2024 



|||Unrestricted|Restricted|Total|2022|
|---|---|---|---|---|---|
||Note|Funds|Funds|Funds|Totalfunds|
||||||(note23)|
|||£|£|£|£|
|Incomeandendowmentsfrom:||||||
|Donationsandlegacies|3|1,226,133|753,065|1,979,198|2,710,577|
|Charitableactivities||143,498||143,498|83,164|
|Othertradingactivities||65,632||65,632|54,906|
|Investments|3|296,349||296,349|221,099|
|Rentsandlicenceincome||124,711||124,711|92,420|
|Other||3,363||3,363|19,623|
|Total||1,859,686|753,065|2,612,751|3,181,789|
|Expenditureon:||||||
|Raisingfunds|5|97,078|86,602|183,680|133,442|
|Charitableactivities|4,5|2,053,446|20,489|2,073,935|1,813,832|
|Total||2,150,524|107,091|2,257,615|1,947,274|
|Netincome||(290,838)|645,974|355,136|1,234,515|
|Revaluationofinvestmentproperty|9|||||
|Transfersbetweenfunds|16|384,519|(384,519)|||
|Netmovementinfunds||93,681|261,455|355,136|1,234,515|
|Reconciliationoffunds:||||||
|Totalfundsbroughtforward||12,877,719|(745,065)|12,132,654|10,898,139|
|Totalfundscarriedforward||12,971,400|(483,610)|12,487,790|12,132,654|





|cember2023||||
|---|---|---|---|
|||Total|Total|
||Note|Funds|funds|
|||2023|2022|
|Fixedassets||£|£|
|Tangibleassets|8|9,850,978|9,633,218|
|Investments|9|2,907,505|2,907,505|
|Deposits|11|5,619|5,553|
|Totalfixedassets||12,764,102|<br>12,546,276|
|Currentassets||||
|Debtors|10|184,830|153,062|
|Cashatbankandinhand|11|1,306,183|<br>1,288,529|
|Totalcurrentassets||1,491,013|1,441,591|
|Liabilities||||
|Creditors:amountsfallingduewithinoneyear|12|1,017,325|<br>1,105,213|
|Netcurrentassets||473,688|336,378|
|Totalassetslesscurrentliabilities||13,237,790|12,882,654|
|LongTermLoans|13|750,000|<br>750,000|
|Totalnetassetsorliabilities||12,487,790|<br>12,132,654|
|Thefundsofthecharity:||||
|Restrictedincomefunds|15,16,17|<br>(483,610)|<br>(745,065)|
|Unrestrictedfunds—Designated|16,17|12,638,478|<br>12,420,718|
|Unrestrictedfunds—General|16,17|332,922|<br>457,001|
|Totalcharityfunds||12,487,790|<br>12,132,654|





|||2023|2022|
|---|---|---|---|
||Note|£|£|
|Cashprovidedbyoperatingactivities|21|132,564|1,236,479|
|Cashflowsfrominvestingactivities:||||
|Interest||40,351|8,880|
|Rentsfrominvestments||255,998|212,219|
|Saleoftangiblefixedassets|||250|
|Saleofinvestments|||2,194|
|Purchaseoftangiblefixedassets|8|(411,193)|(1,983,366)|
|Cash(usedin)/providedbyinvestingactivities||(114,844)|(1,759,823)|
|(Decrease)/increaseincashandcashequivalentsin<br>theyear||17,720|(523,344)|
|Cashandcashequivalentsatthebeginningoftheyear||1,294,082|1,817,426|
|Totalcashandcashequivalentsattheendoftheyear|11|1,311,802|1,294,082|





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|ncome|||
|---|---|---|
|Donationsandlegacies:|2023|2022|
||£|£|
|Legacies|5,185|12,502|
|Unrestricteddonations|1,220,948|1,895,918|
|Restricteddonations|753,065|802,157|
||1,979,198|2,710,577|
|Investments:|2023|2022|
||£|£|
|Interestreceived|40,351|8,880|
|Rentalincome|255,998|212,219|
||296,349|221,099|





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||Activities|||
|---|---|---|---|
||undertaken|Support||
||directly|costs|Total|
|Activity|£|£|£|
|Restrictedfunds||||
|MissionaryHospitalityFund|10,635||10,635|
|DerwentProject|9,854||9,854|
|Unrestrictedfunds||||
|Charitableactivities|1,173,159|498,412|1,671,571|
|Other|53,132|328,743|381,875|
|TotaI|1,246,780|827,155|2,073,935|



## 

|2022comparative||||
|---|---|---|---|
||Activities|||
||undertaken|Support||
||directly|costs|Total|
|Activity|£|£|£|
|Restrictedfunds||||
|MissionaryHospitalityFund|7,190||7,190|
|DerwentProject|47,953||47,953|
|Unrestrictedfunds||||
|Charitableactivities|1,018,314|440,827|1,459,141|
|Other|68,483|231,065|299,548|
|TotaI|1,141,940|671,892|1,813,832|





## 

|totheFinancialStatements<br>eyearended31December2023<br>ued<br>Analysisofcosts-2023|||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
|||Unrestricted|Funds|||RestrictedFunds||||TotalFunds|
||Raising<br>funds|Charitable<br>activities|Other|Total<br>unrestricted|Raising<br>funds|Charitable<br>activities|<br>Other||Total<br>Restricted|Total|
|Supportcost|||||||||||
|Governance|2,709|13,037|7,530|<br>23,276|3,810|||-|3,810|27,086|
|Finance|2,291|12,190|11,235|<br>25,716|573|||-|573|26,289|
|InformationTechnology|3,148|11,544|4,198|<br>18,890|2,099||-|-|2,099|20,989|
|HumanResources(salariesandpensioncontributions)|24,066|360,984|48,131|<br>433,181|48,131||-|-|48,131|481,312|
|Fees|1,600|51,209|2,133|<br>54,942|1,600||-|-|1,600|56,542|
|Other(includingdepreciationandinsurance)|63,264|49,449|255,514|<br>368,227|30,389||-|-|30,389|398,616|
||97,078|498,413|328,741|<br>924,232|86,602||-|-|86,602|1,010,834|
|Directcosts|||||||||||
|OtherCharitable|-|1,173,159|53,133|<br>1,226,292|-|20,489||-|20,489|1,246,781|
||-|1,173,159|53,133|<br>1,226,292|-|20,489||-|20,489|1,246,781|
|Total|97,078|1,671,572|381,874|2,150,524|86,602|20,489||-|107,091|2,257,615|
|Analysisofcosts-2022|||||||||||
|||Unrestricted|Funds|||RestrictedFunds||||TotalFunds|
||Raising<br>funds|Charitable<br>activities|Other|Total<br>unrestricted|Raising<br>funds|Charitable<br>activities|<br>Other||Total<br>Restricted|Total|
|Supportcost|||||||||||
|Governance|2,106|10,119|5,879|18,104|2,954||-|-|2,954|21,058|
|Finance|1,913|6,293|5,495|13,701|478||-|-|478|14,179|
|InformationTechnology|1,256|4,186|1,674|7,116|1,256||-|-|1,256|8,372|
|HumanResources(salariesandpensioncontributions)|22,073|331,091|44,145|397,309|44,145||-|-|44,145|441,454|
|Fees|2,867|58,571|3,823|65,261|2,867||-||2,867|68,128|
|Other(includingdepreciationandinsurance)|35,288|30,567|170,049|235,904|16,239||-|-|16,239|252,143|
||65,503|440,827|231,065|737,395|67,939||-|-|67,939|805,334|
|Directcosts|||||||||||
|OtherCharitable|-|1,018,314|68,483|1,086,797|-|55,143||-|55,143|1,141,940|
||-|1,018,314|68,483|1,086,797|-|55,143|||55,143|1,141,940|
|Total|65,503|1,459,141|299,548|1,824,192|67,939|55,143||-|123,082|1,947,274|





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|||2023|2022|
|---|---|---|---|
|||£|£|
||Auditfee—2022|4,030|16,959|
||Auditfee—2023|18,000||
||Tax adviceandconsultancy||3,500|
|||22,030|20,459|
|7.|Staffcosts,relatedpartiesandvolunteers|||
|||2023|2022|
|||£|£|
||Wagesandsalaries|397,664|349,725|
||SocialSecuritycosts|32,267|27,913|
||Pensioncontributions|51,381|54,256|
||Employmentsettlement||9,560|
|||481,312|441,454|



## 

|Trustees'andChiefExecutiveRemuneration|||
|---|---|---|
||2023|2022|
||£|£|
|Trustees|||
|MinistryDirector(CEO)&OperationsDirector|135,612|103,747|





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|Fixedassets||||||
|---|---|---|---|---|---|
||Freehold|Freehold||||
||land&<br>buildings|land&<br>buildings|PencilFactory<br>Site|Equipment&<br>Furniture|Total|
||Skiddaw|Rawnsley||||
||£|<br>£|£|<br>£|<br>£|
|COST||||||
|At1January2023|1,085,735|<br>669,935|8,682,333|<br>179,821|<br>10,617,824|
|Additions|23,119||384,519|<br>3,555|<br>411,193|
|Disposals||||||
|At31December2023|1,108,854|<br>669,935|9,066,852|<br>183,376|<br>11,029,017|
|DEPRECIATION||||||
|At1January2023|557,898|<br>209,843|59,422|<br>157,443|<br>984,606|
|Chargefortheyear|22,174|<br>13,399|150,298|<br>7,562|<br>193,433|
|Disposals||||||
|At31December2023|580,072|<br>223,242|209,720|<br>165,005|<br>1,178,039|
|NETBOOKVALUE||||||
|At31December2023|528,782|<br>446,693|8,857,132|<br>18,371|<br>9,850,978|
|At31December2022|527,837|<br>460,092|8,622,911|<br>22,378|<br>9,633,218|





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||Investment|Quoted|Unquoted||
|---|---|---|---|---|
|Basisofvaluation|Property|Investments|Investments|Total|
||FairValue|Valuation|Cost||
||£|£|£|£|
|Costorvaluationat1January2023|2,907,500||5|2,907,505|
|Disposalsatcostorvaluation|||||
|Gainsonrevaluation|||||
|Transfertocurrentassets|||||
|CostorValuationat31December<br>2023|2,907,500||5|2,907,505|





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|SubsidiaryCompanies|||
|---|---|---|
||2023|2022|
||£|£|
|Whollyownedsubsidiary:|||
|KeswickConventionProjectLtd|3|3|
|KeswickConventionProjects(Rawnsley)Ltd|2|2|
||5|5|



## 

|Debtors|||
|---|---|---|
||2023|2022|
||£|£|
|Tradedebtors|22,390|9,508|
|Paymentsinadvance—accommodation|67,000|49,088|
|Prepaymentsandaccruedincome|76,801|61,185|
|Amountsowedbygroupundertakings|18,639|12,495|
|Otherdebtors||20,786|
||184,830|153,062|
|Cashandcashequivalents|||
||2023|2022|
||£|£|
|Cashinhand|293,496|275,760|
|Noticedeposits(lessthanthreemonths)|1,012,687|1,012,769|
|Currentasset|1,306,183|1,288,529|
||2023|2022|
||£|£|
|Longertermdeposits|5,619|5,553|
|Non-currentasset|5,619|5,553|
|Totalcash|1,311,802|1,294,082|



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||2023|2022|
|---|---|---|
||£|£|
|Tradecreditors|144,531|10,110|
|Othercreditors|21,279|302,591|
|Concessionaryloans|700,000|700,000|
|Accruals|108,058|52,038|
|Deferredincome|43,457|40,474|
||1,017,325|1,105,213|



|Deferredincomehasbeenrecognisedasfollows:|||
|---|---|---|
||2023|2022|
||£|£|
|Deferredincomebroughtforward|40,474|23,131|
|Releasedtoincomeduringtheyear|(40,474)|(22,356)|
|Receivedduringtheyear|43,457|39,699|
|Deferredincomecarriedforward|43,457|40,474|
|Creditors:amountsfallingdueafteroneyear|||
|Concessionaryloans|2023<br>£|2022<br>£|
|Duebetween1and2years|||
|Duebetween2and5years|750,000|750,000|
|Dueafter5years|||
||750,000|750,000|



## 

|Financialinstruments|||
|---|---|---|
||2023|2022|
||£|£|
|Financialassetsmeasuredatamortisedcost|41,029|22,003|
|Cashandcashequivalents|1,311,802|1,294,082|
|Financialliabilitiesmeasuredatamortisedcost|1,594,531|1,460,110|





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|Restrictedfunds|||||
|---|---|---|---|---|
||Balance|Movement||Balance|
||||Expenditure||
|||Income|and||
||1January||Transfers|31December|
||2023|2023|2023|2023|
||£|£|£||
|MissionaryHospitalityFund|4,935|13,513|10,635|<br>7,813|
|DerwentProjectFund|(750,000)|739,552|480,975|<br>(491,423)|
||(745,065)|753,065|491,610|<br>(483,610)|





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||Balance<br>1January|Income|Expenditure|Gainon<br> <br>revaluation<br>ofinvestment|Transfers|Balance31<br>December|
|---|---|---|---|---|---|---|
|Fund|2023|||||2023|
|DesignatedFunds|||||||
|FixedAsset|11,790,718||193,433||411,193|12,008,478|
|DerwentProject<br>Fund|630,000|||||630,000|
|GeneralFunds|457,001|1,859,686|1,957,091||(26,674)|332,922|
|UnrestrictedFunds|12,877,719|1,859,686|2,150,524|<br>-|384,519|12,971,400|
|RestrictedFunds|||||||
|Missionary<br>HospitalityFund|4,935|13,513|10,635|||7,813|
|DerwentProject<br>Fund|(750,000)|739,552|96,456|<br>-|(384,519)|(491,423)|
|RestrictedFunds|(745,065)|753,065|107,091||(384,519)|(483,610)|
|TotalFunds|12,132,654|2,612,751|2,257,615||-|12,487,790|



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|2023|Tangible<br>Assets|Investments<br>&Deposits|NetCurrent<br>Assets/(liabilities)|LongTerm<br>Concessionary<br>Loan|Total|
|---|---|---|---|---|---|
||£|£|<br>£|£|£|
|Unrestricted—<br>designated|9,850,978|2,907,500|<br>630,000|(750,000)|12,638,478|
|Unrestricted—general||5,624|<br>327,298||332,922|
|Totalunrestricted|9,850,978|2,913,124|<br>957,298|(750,000)|12,971,400|
|MissionaryHospitality<br>Fund|||7,813||7,813|
|DerwentProjectFund|||(491,423)||(491,423)|
|Totalrestricted|||(483,610)||(483,610)|
|Totalfunds|9,850,978|2,913,124|<br>473,688|(750,000)|12,487,790|
|2022|Tangible<br>Assets|Investments<br>&Deposits|NetCurrent<br>Assets/(liabilities)|LongTerm<br>Concessionary<br>Loan|Total|
||£|£|<br>£|£|£|
|Unrestricted—<br>designated|9,633,218|2,907,500|<br>630,000|(750,000)|12,420,718|
|Unrestricted—general||5,558|<br>451,443||457,001|
|Totalunrestricted|9,633,218|2,913,058|<br>1,081,443|(750,000)|12,877,719|
|MissionaryHospitality<br>Fund|||4,935||4,935|
|DerwentProjectFund|||(750,000)||(750,000)|
|Totalrestricted|||(745,065)||(745,065)|
|Totalfunds|9,633,218|2,913,058|<br>336,378|(750,000)|12,132,654|





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||2023|2022|
|---|---|---|
||£|£|
|Netincomeforthereportingperiod|355,136|1,234,515|
|Adjustmentsinrespectof:|||
|Depreciationcharges|193,433|101,720|
|Lossondisposaloffixedassets||40|
|Lossondisposalofinvestments||521|
|Interestreceived|(40,351)|(8,880)|
|Rentalincome|(255,998)|(212,219)|
|(Increase)/Decreaseindebtors|(31,768)|25,528|
|Increase/(Decrease)increditors|(87,888)|95,254|
||132,564|1,236,479|



## 

|||At1January<br>2023|Cashflows|Transfers|At31<br>December<br>2023|
|---|---|---|---|---|---|
|||£|£|£|£|
|Cash|andcashequivalents|1,294,082|17,720||1,311,802|
|Debt|duelessthanoneyear|(700,000)|||(700,000)|
|Debt|dueafteroneyear|(750,000)|||(750,000)|
|||(155,918)|17,720||(138,198)|





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|2022SOFAcomparatives||||
|---|---|---|---|
||Unrestricted|Restricted|Total|
||Funds|Funds|Funds|
|Incomeandendowmentsfrom:|£|£|£|
|Donationsandlegacies|1,908,420|802,157|2,710,577|
|Charitableactivities|83,164||83,164|
|Othertradingactivities|54,906||54,906|
|Investments|221,099|-|221,099|
|Rentsandlicenceincome|92,420||92,420|
|Other|19,623|-|19,623|
|Total|2,379,632|802,157|3,181,789|
|Expenditureon:||||
|Raisingfunds|65,503|67,939|133,442|
|Charitableactivities|1,758,689|55,143|1,813,832|
|Total|1,824,192|123,082|1,947,274|
|Netincome|555,440|679,075|1,234,515|
|Revaluationofinvestmentproperty||||
|Transfersbetweenfunds|1,101,849|(1,101,849)||
|Netmovementinfunds|1,657,289|(422,774)|1,234,515|
|Reconciliationoffunds:||||
|Totalfundsbroughtforward|11,220,430|(322,291)|10,898,139|
|Totalfundscarriedforward|12,877,719|(745,065)|12,132,654|