REGISTERED CHARITY NUMBER: 1136752
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 5th April 2022
for
TEMPESTS OF BROUGHTON CHARITABLE TRUST
David Wootton & Co Main Street Wray Lancaster LA2 8QA
TEMPESTS OF BROUGHTON CHARITABLE TRUST
Contents of the Financial Statements for the Year Ended 5th April 2022
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Page
Report of the Trustees 1 to 3
Independent Examiner's Report 4 to 5
Statement of Financial Activities 6
Balance Sheet 7 to 8
Notes to the Financial Statements 9 to 15
Detailed Statement of Financial Activities 16
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TEMPESTS OF BROUGHTON CHARITABLE TRUST
Report of the Trustees for the Year Ended 5th April 2022
The trustees present their report with the financial statements of the charity for the year ended 5th April 2022. 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 benefit such organisations and projects that are charitable according to the laws of England and Wales and in particular in the advancement of the Roman Catholic Faith.
The support of organisations and projects that are charitable according to the laws of England and Wales means that by definition the objects of the charity are of benefit to the public.
The Trustees have had regard to the guidance issued by the Charity Commission on public benefit
ACHIEVEMENT AND PERFORMANCE
Charitable activities
The Residence for a Roman Catholic Priest, a charity with registered number 247664 transferred its assets into this charity on 3rd February 2022. The only asset of this Charity was The Manse, a property valued at £325,000, which was developed into a rental property in the year. The Rent received from the Manse was £4,500.
There were charitable donations made of £6,090. The costs of upkeep of the Broughton Chapel added up to £670. The costs of renovation of the Manse added up to £216,732. There were bank charges of £522.
FINANCIAL REVIEW
Financial position
Donations to the charity raised £155,585. £125,785 was received into the bank and there were £29,800 of gift aid claims.
The Charity has surplus funds of £31,906 to be used in the next period. Any surplus funds are held on deposit to earn interest until required.
Reserves policy
The charity's reserve policy is to ensure there are sufficient unrestricted free reserves to meet its financial obligations.
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TEMPESTS OF BROUGHTON CHARITABLE TRUST
Report of the Trustees for the Year Ended 5th April 2022
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity. Trustees are appointed by a resolution
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity number
1136752
Principal address
Estate Office Broughton Hall Broughton Skipton Yorkshire BD23 3AE
Trustees
Mr R H Tempest (appointed 14.6.21) (resigned 23.12.21) Mr P M Tempest (resigned 23.12.21) Mr M J Floydd (appointed 23.12.21) Sir C D Forbes Adam Bt. OBE (appointed 23.12.21)
Independent Examiner
David Wootton & Co Main Street Wray Lancaster LA2 8QA
STATEMENT OF TRUSTEES' RESPONSIBILITIES
The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
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TEMPESTS OF BROUGHTON CHARITABLE TRUST
Report of the Trustees for the Year Ended 5th April 2022
STATEMENT OF TRUSTEES' RESPONSIBILITIES - continued
The law applicable to charities in England and Wales, the Charities Act 2011, Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing those financial statements, the trustees are required to
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charity SORP;
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make judgements and estimates that are reasonable and prudent;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by order of the board of trustees on 10th March 2023 and signed on its behalf by:
Maxwell Floydd (Mar 13, 2023 16:31 GMT)
Mr M J Floydd - Trustee
3
Independent Examiner's Report to the Trustees of TEMPESTS OF BROUGHTON CHARITABLE TRUST
Independent examiner's report to the trustees of TEMPESTS OF BROUGHTON CHARITABLE TRUST
I report to the charity trustees on my examination of the accounts of TEMPESTS OF BROUGHTON CHARITABLE TRUST (the Trust) for the year ended 5th April 2022.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
4
Independent Examiner's Report to the Trustees of TEMPESTS OF BROUGHTON CHARITABLE TRUST
Independent examiner's statement
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of Chartered Institute of Management Accountants (CIMA) which is one of the listed bodies.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
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.
David Wootton Chartered Institute of Management Accountants (CIMA) David Wootton & Co Wray Lancaster
10th March 2023
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TEMPESTS OF BROUGHTON CHARITABLE TRUST
Statement of Financial Activities
for the Year Ended 5th April 2022
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 155,585 Investment income 2 4,500 Other income 3 325,000 Total 485,085 EXPENDITURE ON Charitable activities Grant making to charitable works 6,090 Sacred Heart Chapel 60 The Manse - Other 523 Total 6,673 NET INCOME/(EXPENDITURE) 478,412 RECONCILIATION OF FUNDS Total funds brought forward 59,533 TOTAL FUNDS CARRIED FORWARD 537,945 |
Restricted fund £ - - - - - - 36,302 - 36,302 (36,302) 36,302 - |
2022 Total funds £ 155,585 4,500 325,000 485,085 6,090 60 36,302 523 42,975 442,110 95,835 537,945 |
2021 Total funds £ 109,344 - - 109,344 1,240 240 13,397 494 15,371 93,973 1,862 95,835 |
|---|---|---|---|
The notes form part of these financial statements
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TEMPESTS OF BROUGHTON CHARITABLE TRUST
Balance Sheet 5th April 2022
| 2022 Unrestricted Restricted Total fund fund funds Notes £ £ £ FIXED ASSETS Tangible assets 6 506,039 - 506,039 CURRENT ASSETS Debtors 7 29,800 - 29,800 Cash at bank and in hand 2,106 - 2,106 31,906 - 31,906 NET CURRENT ASSETS 31,906 - 31,906 TOTAL ASSETS LESS CURRENT LIABILITIES 537,945 - 537,945 NET ASSETS 537,945 - 537,945 |
2021 Total funds £ - - 95,835 95,835 95,835 95,835 95,835 |
|---|---|
The notes form part of these financial statements
continued...
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TEMPESTS OF BROUGHTON CHARITABLE TRUST
Balance Sheet - continued 5th April 2022
| FUNDS 8 Unrestricted funds Restricted funds TOTAL FUNDS |
537,945 - 537,945 |
59,533 36,302 95,835 |
|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 10th March 2023 and were signed on its behalf by:
Maxwell Floydd (Mar 13, 2023 16:31 GMT)
Mr M J Floydd - Trustee
Cdforbes Adam
Cdforbes Adam (Mar 13, 2023 22:58 GMT)
Sir C D Forbes Adam Bt. OBE - Trustee
The notes form part of these financial statements
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TEMPESTS OF BROUGHTON CHARITABLE TRUST
Notes to the Financial Statements for the Year Ended 5th April 2022
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, 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 Charities Act 2011. 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.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
continued...
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TEMPESTS OF BROUGHTON CHARITABLE TRUST
Notes to the Financial Statements - continued for the Year Ended 5th April 2022
1. ACCOUNTING POLICIES - continued
Fund accounting
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. INVESTMENT INCOME
| 2022 £ Rents received 4,500 3. OTHER INCOME 2022 £ Exceptional items 325,000 |
2021 £ - 2021 £ - |
|---|---|
The Residence for a Roman Catholic Priest, a charity with registered number 247664 transferred its assets into this charity on 3rd February 2022. The only asset of this Charity was The Manse, a property valued at £325,000.
4. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 5th April 2022 nor for the year ended 5th April 2021.
Trustees' expenses
There were no trustees' expenses paid for the year ended 5th April 2022 nor for the year ended 5th April 2021.
continued...
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TEMPESTS OF BROUGHTON CHARITABLE TRUST
Notes to the Financial Statements - continued for the Year Ended 5th April 2022
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5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
fund fund funds
£ £ £
INCOME AND ENDOWMENTS FROM
Donations and legacies 60,518 48,826 109,344
EXPENDITURE ON
Charitable activities
-
Grant making to charitable works 1,240 1,240
Sacred Heart Chapel 240 - 240
The Manse 873 12,524 13,397
Other 494 - 494
Total 2,847 12,524 15,371
NET INCOME 57,671 36,302 93,973
RECONCILIATION OF FUNDS
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Total funds brought forward 1,862 1,862
TOTAL FUNDS CARRIED FORWARD 59,533 36,302 95,835
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continued...
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TEMPESTS OF BROUGHTON CHARITABLE TRUST
Notes to the Financial Statements - continued for the Year Ended 5th April 2022
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6. TANGIBLE FIXED ASSETS
Freehold
property
£
COST
Additions 506,039
NET BOOK VALUE
At 5th April 2022 506,039
-
At 5th April 2021
7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£ £
Other debtors 29,800 -
8. MOVEMENT IN FUNDS
Net
movement At
At 6.4.21 in funds 5.4.22
£ £ £
Unrestricted funds
General fund 59,533 478,412 537,945
Restricted funds
-
Development of the Manse 36,302 (36,302)
TOTAL FUNDS 95,835 442,110 537,945
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continued...
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TEMPESTS OF BROUGHTON CHARITABLE TRUST
Notes to the Financial Statements - continued for the Year Ended 5th April 2022
8. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Development of the Manse TOTAL FUNDS Comparatives for movement in funds Unrestricted funds General fund Restricted funds Development of the Manse TOTAL FUNDS |
Incoming resources £ 485,085 - 485,085 At 6.4.20 £ 1,862 - 1,862 |
Resources Movement expended in funds £ £ (6,673) 478,412 (36,302) (36,302) (42,975) 442,110 Net movement At in funds 5.4.21 £ £ 57,671 59,533 36,302 36,302 93,973 95,835 |
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continued...
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TEMPESTS OF BROUGHTON CHARITABLE TRUST
Notes to the Financial Statements - continued for the Year Ended 5th April 2022
8. 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 60,518 (2,847) 57,671 Restricted funds Development of the Manse 48,826 (12,524) 36,302 |
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| TOTAL FUNDS 109,344 (15,371) 93,973 |
| A current year 12 months and prior year 12 months combined position is as follows: Net movement At At 6.4.20 in funds 5.4.22 £ £ £ Unrestricted funds General fund 1,862 536,083 537,945 |
| TOTAL FUNDS 1,862 536,083 537,945 |
continued...
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TEMPESTS OF BROUGHTON CHARITABLE TRUST
Notes to the Financial Statements - continued for the Year Ended 5th April 2022
8. 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:
| Unrestricted funds General fund Restricted funds Development of the Manse TOTAL FUNDS |
Incoming resources £ 545,603 48,826 594,429 |
Resources Movement expended in funds £ £ (9,520) 536,083 (48,826) - (58,346) 536,083 |
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9. RELATED PARTY DISCLOSURES
MJ Floydd and Sir CD Forbes Adam Bt. OBE, trustees of the charity, have a non-beneficial and indirect interest in The Broughton Hospitality Partnership which leases The Manse from the charity
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TEMPESTS OF BROUGHTON CHARITABLE TRUST
Detailed Statement of Financial Activities for the Year Ended 5th April 2022
| INCOME AND ENDOWMENTS Donations and legacies Donations Gift aid Grants Investment income Rents received Other income Exceptional items Total incoming resources EXPENDITURE Charitable activities Wages Professional Fees Property Repairs Grants to institutions Support costs Finance Bank charges Total resources expended Net income |
2022 £ 125,785 29,800 - 155,585 4,500 325,000 485,085 60 9,993 26,309 6,090 42,452 523 42,975 442,110 |
2021 £ 60,518 - 48,826 109,344 - - 109,344 240 12,224 1,173 1,240 14,877 494 15,371 93,973 |
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This page does not form part of the statutory financial statements
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Final Audit Report 2023-03-13
Tempests of Broughton Charitable Trust 2022
Created: 2023-03-13 By: David Wootton (david@woottonandco.com) Status: Signed Transaction ID: CBJCHBCAABAA8WHcIB5t-rR7i1aHHjv_U9mXVhDxfQF_
"Tempests of Broughton Charitable Trust 2022" History
Document created by David Wootton (david@woottonandco.com)
2023-03-13 - 14:35:12 GMT- IP address: 185.217.159.159
Document e-signed by David Wootton (david@woottonandco.com)
Signature Date: 2023-03-13 - 14:36:31 GMT - Time Source: server- IP address: 185.217.159.159
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- Signer max.floydd@saffrey.com entered name at signing as Maxwell Floydd
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Agreement completed.
2023-03-13 - 22:58:13 GMT