COMPANY NO: 07817860
Derwentwater Independent Hostel
Report of the Directors and Trustees
and Financial Statements for the year ended
31 October 2020
Derwentwater Independent Hostel
Index to the Financial Statements for the year ended 31 October 2020
| Page | ||
|---|---|---|
| Charity Information | 1 | |
| Trustees' Report | 2 | - 6 |
| Independent Examiner's Report | 7 | |
| Statement of Financial Activities | 8 | |
| Balance Sheet | 9 | - 10 |
| Notes to the Financial Statements | 11 | - 15 |
Derwentwater Independent Hostel
Charity Information for the year ended 31 October 2020
DIRECTORS John Snyder AND Sarah Snyder TRUSTEES: Guy Lee Andrew Towler Paul Kleian CHIEF EXECUTIVE OFFICERS: T Butcher BUSINESS ADDRESS Barrow House Borrowdale Keswick Cumbria CA12 5UR REGISTERED OFFICE: Barrow House Borrowdale Keswick Cumbria CA12 5UR CHARITY NUMBER: 1145368 COMPANY NUMBER: 07817860 ACCOUNTANT AND Frances Clark ACA INDEPENDENT EXAMINER Keswick Accountants Appleside 4 Leonard Street Keswick Cumbria CA12 4EJ BANKERS: Barclays Bank PLC Market Square Penrith Cumbria CA11 7YB
Page 1
Derwentwater Independent Hostel
Report of the Trustees for the year ended 31 October 2020
The Trustees, who are the directors of the Company for the purposes of company law, present their report together with the financial statements of the Charity for the year ended 31 October 2020.
The accounts have been prepared under the provisions of the Companies Act 2006 and the Charities Act 2011, and in accordance with the Statement of Recommended Practice (SORP 2005) on accounting for charities.
Governing Document
Derwentwater Independent Hostel is a company limited by guarantee and registered charity. The company was established under a Memorandum of Association, which established the objects and powers of the charitable company, and is governed under it Articles of Assocation.
Objectives
The Charity’s Articles declare the charity’s objects as: a) the advancement of education,
b) the advancement in life of children and young people by developing their skills, capacities and capabilities to enable them to participate in society as independent, mature and responsible adults; and
c) the provision of recreational and leisure time activity in the interests of social welfare for people who have need by reason of their youth, age, infirmity or disability, poverty or social and economic circumstances, by the provision of educational courses and physical and other activities; and associated residential facilities; and
d) to help all, especially young people of limited means, to a greater knowledge, love and care of the countryside by providing a youth hostel or other accommodation for them and thus to promote their health, recreation and education.
Directors
The directors who acted during the period were as follows:
John Snyder Sarah Snyder Guy Lee Andy Towler Paul Kleian - appointed 19th December 2019.
Management Structure
The charity now has five Trustees and continues to consider recruiting. There continues to be a potential need for additional contributions from people with legal, auditing, estate management and classroom educational skills. More conversations have taken place, but still no new formal appointments yet made.
Review of the development, activities and achievements of the Company
In the ninth full year of operating Derwentwater Independent Hostel (DIH) as an independent hostel since the acquisition from the YHA in 2011, the hostel like every hospitality sector business was hit hard with Covid 19 Lockdown measures which kept visitors away from the premises for long periods, and the staff without their usual work to do.
The overnights ledger tells the story:
2016-2017 13,893 overnights 2017-2018 13,340 overnights 2018-2019 13,016 overnights 2019-2020 5,326 overnights
Page 2
Derwentwater Independent Hostel
Report of the Trustees, contd. for the year ended 31 October 2020
Review of the development, activities and achievements of the Company (cont)
A 60% reduction in overnights year on year is catastrophic for any independent accommodation provider. The furloughing of staff and council grants helped to alleviate some of the financial pain, alongside the landlord not charging rent whilst the hostel was closed-up.
The hostel income for 2020 was just 40% of 2019 revenues, yet costs for 2020 remained 79% of 2019 levels, despite such reduced activity at the hostel. Grants of £73k contributed an additional 49% of hostel-earned revenue – helping to reduce the trading loss down to - £54k in 2020, instead of the trading surplus of £23k in 2019. This has reduced our carried forward funds from £235k down to £181k, with the trading loss using up almost a quarter of our carried forward 2019 reserves.
However, a more fundamental existential threat to the hostel business model was apparent too, through the lens of Covid-19 social distancing. With our largest dormitory housing 21 beds, and no provision for ensuite bathrooms inside the listed hostel building – how were new social distancing rules to be applied? When we re-opened in the summer of 2020, each of the 11 bedrooms had to be assigned a dedicated shower for each “bubble” of family members social-distancing in each room, with more intensive cleaning schedules in place, and the shared customer kitchen closed off. With a policy of assigning each shower to a dedicated bedroom, there were not even enough independent shower to serve each of our 11 bedrooms!
This state of affairs was most ironic, given the effort and work over the prior two years by Trustees to ‘re-imagine’ the hostel layout under a new building programme to house more smaller bedrooms, each with en-suites, in a modern extension to the older frame of the historic listed building we inhabit today. Without bathrooms ensuite and a suitable way to maintain social distancing and adequate cleaning regimes for showers and toilets it did seem the charity was under threat.
However strong trading in previous years since 2011 had built up a surplus which was again drawn on to tackle the threat of coronavirus facing both Trustees and our hostel manager Tim Butcher.
I record our sincere thanks to Tim for investing huge time and effort on new business models breaking down options for camping pitches and glamping pods as an external set of accommodation options once lockdown eased in July 2020. With a small number of pitches set apart, and arranging for controlled access to toilets in the building, a superior camping experience was developed on the shores of the Derwentwater lake, which was welcomed by those people breaking out from lockdown and choosing Borrowdale as an outdoors destination for a ‘staycation’ break.
Understanding the new type of customer needs through the late summer months prior to a subsequent lockdown allowed Tim and the Trustees to plan for winter investments in the building: upgrading shower facilities in particular and also sub-dividing one dorm to make two separate units for two separate family “bubbles”.
The year 2019-2020 is defined by a dearth of school and education groups attending the Hostel. Regular school groups cancelled their bookings, or delayed them to a subsequent year. All education providers from primary schools to universities were focused on the more immediate needs of online education provision. It seemed impossible to lead any school groups during stringent lockdown measures, even after pupils had returned to school in the Autumn.
Our agenda for Education and Adventure Activities took a sharp 76% decline in 2019-2020.
Zero Primary School children attended and just 8% of previous year’s number of Duke of Edinburgh students staying at the Hostel.
Page 3
Derwentwater Independent Hostel
Report of the Trustees, contd. for the year ended 31 October 2020
Review of the development, activities and achievements of the Company (Cont)
A 76% reduction in Education and Adventure customers, and a 60% reduction in Adult (defined by Adult Group, Corporate, Faith Group or Individual sub-groups) were offset by a stronger take-up by families after lockdown was eased in the summer of 2020. The Family segment increased by 53% year-on-year, signaling a fundamental change in the customer mix for 2019-2020.
The camping and “bubble” management elements of managing customers during Summer 2020 emboldened the Trustees and our Hostel Manager to invest for 2021 with planning applications undertaken over the winter to build three wooden pods in the grounds of the Hostel, and to expand the camping season for 2021.
2020 was indeed a period of experimentation and innovation for the Hostel, alongside the collection of data to evidence the subsequent investments made to increase shower provision and sub-divide a bedroom into two bedroom units, each with toilet and shower pod.
Our heartfelt thanks is extended to both Tim Butcher and the wider hostel team who prevailed through the lockdown with no visitors and rebounded with energy and commitment to serve all those enjoying what Borrowdale Valley has to offer with the Hostel as a hub for extended outdoor activities and camping for many.
Please do visit our website at www.derwentwater.org and read the team’s newsletters, still actionpacked with inspiring tales of Lakeland adventure and learning.
As Chairman of the Trustees I thank once again the hard-work and passion of our hostel team at Derwentwater Independent Hostel. In hard trading circumstances in a year when the Hostel was mostly closed, the team achieved annual revenues of £149k and a trading loss of just £54k, helped by £73k of public grants - importantly reducing what could have been a much larger dent in our cash reserves. With the floods of 2015 and now the Covid 19 pandemic of 2020, the Trustees remain committed to building up reserves when they can, but also drawing down from them in times of need, to be agile and flexible to meet the external factors that can besiege a small independent charity like the Derwentwater Independent Hostel.
Special Grants
With few school groups to stay at the Hostel, no special grants were distributed in 2019-2020 on account of the impact of coronavirus on all school bookings.
Volunteers
Likewise, with the restrictions of Covid we welcomed just one volunteer over the year. We are grateful to Naomi High who volunteered from 28th February, contributing 75 hours of volunteering until lockdown curtailed her stay on 25[th] March 2020.
Trustee Appointments
The charity has benefited over this year of crisis from the consultant input of Laura Cadman advising the Trustees their legal responsibilities, improving our charity processes, agenda setting, governance details and leading a Trustee training day.
Page 4
Derwentwater Independent Hostel
Report of the Trustees, contd. for the year ended 31 October 2020
Review of the development, activities and achievements of the Company (Cont)
With the building project’s visioning work of 2017-2018 now on permanent hold, the Hostel team continues to navigate the threat of Covid 19 in the near-term and must re-double efforts to rebuild the education and adventure customer base.
Paul Kleian contributed volunteer input to many meetings prior to formalizing his role as a new Trustee on 19[th] December 2019. The Trustees have been grateful for Paul Kleian’s contribution on marketing, and insights on customer needs and industry trends within the Cumbrian hospitality sector. It is more timely than ever to recruit new Trustee members to the team. This is higher on the priority list than ever before.
Cash Reserves
Cash reserves have grown over nine years to a high of £235k in 2018-2019, but fallen due to 2019-2020 investments to £181k – representing just 49% of 2018-2019 revenues and under 50% of an average pre-Covid trading year. The hostel continues to invest in short-term modifications to improve camping facilities and glamping pods in the grounds, as well as additional sanitary provisions inside the hostel itself: which again takes investment underpinned by a £50k business loan.
Summary
The Trustees are very pleased to report a strong 2019-2020 in the face of adversity – drawing on the surplus to risk a re-opening in the Summer of 2020 despite having impractical dorm sizes and shower facilities to optimize overnights numbers due to social distancing restrictions inside the building. Opening-up camping pitches and gathering data to support the investment decision to commission 3 wooden pods, gives me confidence that the Trustees and Hostel Manager can flex and adjust to changing circumstances. The horizon for 2021-2022 is still unclear and opaque, but there is renewed confidence in our ability to innovate and make decisions, emboldened by the fact that previous strong years of trading have given us a buffer of reserves to assist our strategy and survival in the face of adversity.
Well done to Tim Butcher and our team! We together survived to tackle another year, with coronavirus, with all its limitations and implications, still in our midst. The Trustees extend their thanks to Tim and his team for their unstinting efforts over the last 18 months.
Investment Policy
The Memorandum and Articles of Association of the Charity permit wide powers of investment. The Trustees should invest the money of the charity not immediately required for its purposes, in or upon such investments, securities or properties as may be thought fit.
Risk Assessment
The Trustees regularly review the risks to which the charity is exposed and consider the implications of those risks. There is no risk currently facing the charity which the Trustees consider significant.
Page 5
Derwentwater Independent Hostel
Report of the Trustees, contd. for the year ended 31 October 2020
Statement of Directors Responsibilities
The Directors are required under the Companies Act 2006 and the Charities Act 1993 to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the company and of its net surplus or deficit for that period. In preparing those financial statements, the directors are required to:
a) select suitable accounting policies and then apply them consistently; b) make judgements and estimates that are reasonable and prudent;
c) state whether applicable accounting standards and statements of recommended practice have been followed subject to any departures disclosed and explained in the financial statements;
d) prepare the financial statements on the going concern basis unless it is inappropriate to presume the company will continue in operation.
The Directors are responsible for keeping proper accounting records which disclose with reasonable accuracy the financial position of the Trust and to enable them to ensure that the financial statements comply with applicable law, accounting standards and the Charities SORP. 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.
This report is prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 and the Financial Reporting Standard for Smaller Entities (effective April 2008) relating to small companies.
ON BEHALF OF THE TRUSTEES
John Snyder Director and Trustee Date: 26.07.2021
Page 6
Derwentwater Independent Hostel
Independent Examiners Report for the year ended 31 October 2020
I report on the accounts for the Trust for the year ended 31 October 2020 which are set out on pages 7 - 14.
Respective responsibilities of trustees and examiner
The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year, under section 144(2) of the Charities Act 2011 (the 2011 Act), and that an independent examiners report is needed.
It is my responsibility to:
-
examine the accounts under section 145 of the 2011 Act;
-
to follow the procedures laid down in the General Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
-
to state whether particular matters have come to my attention.
Basis of independent examiners report
My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of accounting records kept by the charity and a comparison of the accounts presented with these records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The proceedures undertaken do not provide all the evidence that would be required in an audit and, consequently, I do not express an audit opinion on the view given by the accounts.
Independent examiners' statement
In connection with my examination, no matter has come to my attention:
(1) which gives me reasonable cause to believe that, in any material respect, the requirements to:
-
keep accounting records in accordance with s130 of the 2011 Act; and
-
to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the 2011 Act
have not been met;
or
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Frances Clark ACA Keswick Accountants Appleside 4 Leonard Street Keswick Cumbria CA12 4EJ
Page 7
Derwentwater Independent Hostel
| Statement of Financial Activities for the year ended 31 October 2020 Notes INCOME Voluntary income Donations and gifts 2 Legacies receivable Grants receivable 3 Activities for generating funds Investment income 4 Income from charitable activities Hostel income 5 Total income Expenditure Charitable activities 6 Total expenditure Net income / (expenditure) Total funds brought forward Transfers between funds Total funds carried forward 13 |
31 October 2020 31 October 2019 Restricted Unrestricted Designated Total Total Funds £ £ £ £ £ - 327 - 327 - - - - - - - 73,419 - 73,419 - - - - - - - 570 - 570 278 - 148,796 - 148,796 372,428 - 223,112 - 223,112 372,706 - 274,926 2,000 276,926 349,826 - 274,926 2,000 276,926 349,826 - (51,814) (2,000) (53,814) 22,880 - 200,168 35,000 235,168 212,288 - - - - - - 148,354 33,000 181,354 235,168 |
31 October 2020 31 October 2019 Restricted Unrestricted Designated Total Total Funds £ £ £ £ £ - 327 - 327 - - - - - - - 73,419 - 73,419 - - - - - - - 570 - 570 278 - 148,796 - 148,796 372,428 - 223,112 - 223,112 372,706 - 274,926 2,000 276,926 349,826 - 274,926 2,000 276,926 349,826 - (51,814) (2,000) (53,814) 22,880 - 200,168 35,000 235,168 212,288 - - - - - - 148,354 33,000 181,354 235,168 |
|---|---|---|
| 372,706 | ||
| 349,826 | ||
| 349,826 | ||
| 22,880 212,288 - |
||
| 235,168 |
There were no gains or losses in the year to 31 October 2020 other than those included above.
The notes form part of these financial statements
Page 8
Derwentwater Independent Hostel
Balance Sheet as at 31 October 2020
| Notes Fixed Assets Tangible fixed assets 9 Current Assets Debtors 10 Cash at bank and in hand Creditors: amounts falling due within one year Creditors and accruals 11 Net Current Assets Total Assets less Current Liabilities Creditors: amounts falling due in more than one NET ASSETS 12 Funds Restricted funds 13 Unrestricted funds Designated funds 14 |
31 October 2020 £ £ 7,018 7,018 9,433 288,602 298,035 73,699 224,336 231,354 year 50,000 181,354 - 148,354 33,000 181,354 |
31 October 2019 £ £ 7,458 7,458 36,343 235,024 271,367 43,657 227,710 235,168 - 235,168 - 200,168 35,000 235,168 |
31 October 2019 £ £ 7,458 7,458 36,343 235,024 271,367 43,657 227,710 235,168 - 235,168 - 200,168 35,000 235,168 |
|---|---|---|---|
| 7,458 227,710 |
|||
| 298,035 73,699 |
271,367 43,657 |
||
| year | |||
| 235,168 - |
|||
| 235,168 | |||
| - 200,168 35,000 |
|||
| 235,168 |
For the year ending 31 October 2020 the company was entitled to exemption from audit 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.
These accounts have been prepared in accordance with the provisions applicable to companies
Page 9
Derwentwater Independent Hostel
Balance Sheet as at 31 October 2020
The directors acknowledge their responsibilities for:
-
a) ensuring that the company keeps accounting records which comply with Section 386 of the Companies Act 2006, and
-
b) preparing financial statements which give a true and fair view of the state of affairs of the 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 company.
These financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
Approved by the trustees and signed on their behalf
John Snyder Director and Trustee Date:
The notes form part of these financial statements
Page 10
Derwentwater Independent Hostel
Notes to the Financial Statements for the year ended 31 October 2020
1 Accounting Policies
General
These accounts have been prepared under the historical cost convention and in accordance with applicable accounting standards, including the accruals concept, and the Charities SORP (Statement of Recommended Practice). They include the results of the charitable company's operations which are described in the Directors Report.
Cash Flow Statement
The charity has taken advantage of the exemption in Financial Reporting Standard No. 1 from the requirement to produce a cash flow statement on the grounds that it is a small charity.
Tangible Fixed Assets and Depreciation
Assets used for charitable purposes, with an expected useful life exceeding one year, are capitalised on the balance sheet. Depreciation is provided at the following annual rates in order to write off each asset over its expected useful life:
Computers 33.34% on reducing balance Fixtures, Fittings and Equipment 25% on reducing balance
Income
Income consists of grants received and income from promotions, accounted for on a receivable basis. Where income is received for a specific purpose, as defined by the donor, this income is classed as restricted. Income received towards the general objects of the charity is classed as unrestricted.
Expenditure
Expenditure is accounted for on an accruals basis. Where it relates to a specific project it is allocated to that project as restricted expenditure. Expenditure that relates to the objects of the charity is classified as charitable activities. Any legal or professional costs are classified as governance costs. The costs of generating funds are separately indentified.
Funds
General funds are those where no restrictions have been placed upon the specific spending of the funds by the donor. Designated funds are those funds where the directors have chosen to earmark general funds for a specfic purpose. Restricted funds are those funds where the donation is received for a specific purpose as set out by the donor.
Corporation Tax
As a 'not for profit' company with charitable status the Company is exempt from the payment of corporation tax.
2 Payment to Accountants
The payment to the accountants included in the expenditure is split as follows:
| Book keeping and payroll services Payment for preparation of accounts Payment for Independent Examination |
2020 £ 240 450 200 890 |
2019 £ 240 450 200 |
|---|---|---|
| 890 |
Page 11
Derwentwater Independent Hostel
Notes to the Financial Statements for the year ended 31 October 2020
| 31 October 2020 | 31 October 2020 | |||||
|---|---|---|---|---|---|---|
| Restricted | Unrestricted | Designated | Total | 31 October 2019 | ||
| £ | £ | £ | £ | £ | ||
| 2 | Donations and gifts | |||||
| Sundry donations | - | 327 | 327 | - | ||
| - | 327 | - | 327 | - | ||
| 3 | Grants receivable | |||||
| Allerdale Business Support Gra | - | 25,000 | 25,000 | - | ||
| Job Retention Scheme Grant | - | 48,419 | 48,419 | - | ||
| - | 73,419 | - | 73,419 | - | ||
| 4 | Investment income | |||||
| Bank interest received | - | 570 | - | 570 | 278 | |
| - | 570 | - | 570 | 278 | ||
| 5 | Hostel income | |||||
| Group adult bednight | - | 32,271 | - | 32,271 | 63,942 | |
| Group U18 bednight | - | 4,976 | - | 4,976 | 52,597 | |
| Family rooms | - | 19,936 | - | 19,936 | 22,973 | |
| Private rooms | - | 24,801 | - | 24,801 | 33,331 | |
| Individual adult bednight | - | 1,604 | - | 1,604 | 28,168 | |
| Individual U18 bednight | - | 30 | - | 30 | 660 | |
| Cancellation charge | - | 2,296 | - | 2,296 | 3,600 | |
| Camping | - | 4,924 | - | 4,924 | 115 | |
| Breakfast | - | 15,559 | - | 15,559 | 44,137 | |
| Adult packed lunch | - | 4,965 | - | 4,965 | 29,565 | |
| Junior packed lunch | - | 100 | - | 100 | 70 | |
| Group adult evening meal | - | 9,565 | - | 9,565 | 21,012 | |
| Group Junior evening meal | - | 2,905 | - | 2,905 | 34,921 | |
| A la carte evening meal | - | 7,463 | - | 7,463 | 7,145 | |
| Function catering | - | 4,567 | - | 4,567 | 2,546 | |
| Alcohol sales | - | 6,765 | - | 6,765 | 12,832 | |
| Soft drinks | - | 729 | - | 729 | 1,633 | |
| Confectionery | - | 346 | - | 346 | 1,723 | |
| Merchandise | - | 613 | - | 613 | 1,030 | |
| Office services | - | 309 | - | 309 | 1,607 | |
| Kitchen sales | - | 312 | - | 312 | 758 | |
| Tea and coffee | - | 1,278 | - | 1,278 | 3,584 | |
| Group junior activity | - | - | - | - | 1,961 | |
| Ticket sales | - | 78 | - | 78 | 616 | |
| Hydro income | - | 2,404 | - | 2,404 | 1,902 | |
| - | 148,796 | - | 148,796 | 372,428 |
Page 12
Derwentwater Independent Hostel
Notes to the Financial Statements for the year ended 31 October 2020
| 31 October | 2020 | ||||||
|---|---|---|---|---|---|---|---|
| Restricted | UnrestrictedDesignated | Total | 31 October 2019 | ||||
| 6 | Charitable activities | £ | £ | £ | £ | £ | |
| Purchases | - | 29,377 | - | 29,377 | 67,024 | ||
| Staff costs Note 7 |
- | 129,907 | - | 129,907 | 133,994 | ||
| Administration | - | 3,307 | - | 3,307 | 4,019 | ||
| Marketing and Advertising | - | 2,752 | - | 2,752 | 1,806 | ||
| Premises and other costs | - | 103,166 | - | 103,166 | 131,850 | ||
| Interest and charges | - | 1,869 | - | 1,869 | 2,407 | ||
| Depreciation | - | 2,338 | 2,338 | 2,486 | |||
| Legal and professional | - | 2,210 | 2,000 | 4,210 | 6,240 | ||
| - | 274,926 | 2,000 | 276,926 | 349,826 | |||
| 7 | Employee Remuneration | 31 | October 2020 | 31 October 2019 | |||
| £ | £ | ||||||
| Staff costs | |||||||
| Wages | 142,984 | 144,584 | |||||
| Employers NIC | 4,582 | 5,354 | |||||
| Staff accomodation | deduction | (11,701) | (13,688) | ||||
| Staff food deduction | (8,421) | (6,240) | |||||
| Employer pension | 2,329 | 2,174 | |||||
| Travel | 134 | 586 | |||||
| Uniform | - | 792 | |||||
| Recruitment | - | 316 | |||||
| Staff training | - | 116 | |||||
| 129,907 | 133,994 |
The average number of staff employed by the trust during the year was as follows;
| 31 October | 2020 31 October 2019 | 2020 31 October 2019 | |
|---|---|---|---|
| No. | No. | ||
| Managers | 1 | 2 | |
| Hostel staff | 7 | 6 | |
| 8 | 8 |
7 Trustee Remuneration and Expenses
No remuneration directly or indirectly out of the funds of the charity was paid or payable for the year to any trustee or to any person or persons known to be connected with any of them.
No reimbursement of expenses has been made or is due to be made to any of the trustees in respect of the year.
Page 13
Notes to the Financial Statements for the year ended 31 October 2020
Derwentwater Independent Hostel
9 Tangible Fixed Assets
| Plant and machinery Fixtures & Fittings £ £ COST At 1 November 2019 16,346 5,699 Additions - 1,898 At 31 October 2020 16,346 7,597 DEPRECIATION At 1 November 2019 10,466 4,121 Charge for year 1,470 868 At 31 October 2020 11,936 4,989 NET BOOK VALUE At 31 October 2020 4,410 2,608 At 31 October 2019 5,880 1,578 10 Debtors 31 October 2020 £ Trade debtors 1,079 Prepayments 2,806 VAT Repayable 5,548 9,433 11 Creditors: amounts falling due within one year 31 October 2020 £ Trade creditors 32,728 Advance payments 35,407 Other taxation & social security 2,119 Accruals 2,815 Pension creditor 630 73,699 12 CREDITORS > I YEAR 31 October 2020 £ Bounce Back Loan 50,000 50,000 |
Total £ 22,045 1,898 23,943 14,587 2,338 16,925 7,018 7,458 31 October 2019 £ 26,500 9,843 - 36,343 31 October 2019 £ 10,103 14,739 12,678 6,137 - 43,657 31 October 2019 £ - - |
Total £ 22,045 1,898 23,943 14,587 2,338 16,925 7,018 7,458 31 October 2019 £ 26,500 9,843 - 36,343 31 October 2019 £ 10,103 14,739 12,678 6,137 - 43,657 31 October 2019 £ - - |
|---|---|---|
| - |
Page 14
Derwentwater Independent Hostel
Notes to the Financial Statements for the year ended 31 October 2020
| 13 Funds At Incoming Outgoing 1 November 20 Resources Resources Transfers Projects & Restricted funds £ £ £ £ Designated Funds Refurbishment Reserve 35,000 - (2,000) - 35,000 - (2,000) - 14 Net Assets by fund Restricted Unrestricted Designated £ £ £ Tangible fixed assets - 7,018 - Investments - - - Current assets - 265,035 33,000 Creditors: amounts falling due - (73,699) - within one year Total net assets - 148,354 33,000 |
13 Funds At Incoming Outgoing 1 November 20 Resources Resources Transfers Projects & Restricted funds £ £ £ £ Designated Funds Refurbishment Reserve 35,000 - (2,000) - 35,000 - (2,000) - 14 Net Assets by fund Restricted Unrestricted Designated £ £ £ Tangible fixed assets - 7,018 - Investments - - - Current assets - 265,035 33,000 Creditors: amounts falling due - (73,699) - within one year Total net assets - 148,354 33,000 |
At 31 October 2020 £ 33,000 33,000 Total £ 7,018 - 298,035 (73,699) 181,354 |
|---|---|---|
| 35,000 - (2,000) - |
||
| Restricted Unrestricted Designated £ £ £ - 7,018 - - - - - 265,035 33,000 - (73,699) - - 148,354 33,000 |
15 Members liability
The liability of the members is limited. Every member of the charity undertakes to contribute to the assets of the charity in the event of the organisation being wound up while he or she is a member, or within one year after he or she ceases to be a member, for payment of the debts and liabilities of the charity contracted before he or she ceases to be a member, and of the costs, charges and expenses of winding up, and for the adjustment of the rights of the contributors among themselves, such amount as may be required, but not exceeding £1.
Page 15
Derwentwater Independent Hostel
Financial Statements for the year ended 31 October 2020
The following pages do not form part of the Statutory Accounts
Derwentwater Independent Hostel Income and Expenditure Account for the year ended 31 October 2020
| INCOMING RESOURCES Donations and gifts Sundry donations Grants receivable Allerdale Business Support Grant Job Retention Scheme Grant Investment income Bank interest received INCOME FROM CHARITABLE ACTIVITIES Hostel income Group adult bednight Group U18 bednight Family rooms Private rooms Individual adult bednight Individual U18 bednight Cancellation charge Camping Breakfast Adult packed lunch Junior packed lunch Group adult evening meal Group Junior evening meal A la carte evening meal Function catering Alcohol sales Soft drinks Confectionery Merchandise Office services Kitchen sales Tea and coffee Group junior activity Ticket sales Hydro income Total income |
31 October 2020 327 327 25,000 48,419 73,419 570 570 32,271 4,976 19,936 24,801 1,604 30 2,296 4,924 15,559 4,965 100 9,565 2,905 7,463 4,567 6,765 729 346 613 309 312 1,278 - 78 2,404 148,796 223,112 |
31 October 2019 - - - - - 278 278 63,942 52,597 22,973 33,331 28,168 660 3,600 115 44,137 29,565 70 21,012 34,921 7,145 2,546 12,832 1,633 1,723 1,030 1,607 758 3,584 1,961 616 1,902 372,428 372,706 |
31 October 2019 - - - - - 278 278 63,942 52,597 22,973 33,331 28,168 660 3,600 115 44,137 29,565 70 21,012 34,921 7,145 2,546 12,832 1,633 1,723 1,030 1,607 758 3,584 1,961 616 1,902 372,428 372,706 |
|---|---|---|---|
| 25,000 48,419 |
- - |
||
| 570 | 278 | ||
| 32,271 4,976 19,936 24,801 1,604 30 2,296 4,924 15,559 4,965 100 9,565 2,905 7,463 4,567 6,765 729 346 613 309 312 1,278 - 78 2,404 |
63,942 52,597 22,973 33,331 28,168 660 3,600 115 44,137 29,565 70 21,012 34,921 7,145 2,546 12,832 1,633 1,723 1,030 1,607 758 3,584 1,961 616 1,902 |
||
| 372,706 |
Appendix i
Derwentwater Independent Hostel Income and Expenditure Account for the year ended 31 October 2020
| Incoming resources, brought forward RESOURCES EXPENDED Purchases Food purchases Alcohol purchaes Soft drink purchases Merchandising purchases Activity purchases Ticket purchases Confectionery purchases Commission payable Staff costs Wages Employers NIC Staff accomodation deduction Staff food deduction Employer pension Travel Uniform Recruitment Staff training Administration Stationery Postage Telephone Computer & website expenses Subscriptions Sundry expenses Marketing and Advertising Advertising Resources expended carry forward |
31 October 2020 £ £ 223,112 23,515 3,228 236 231 - 72 263 1,832 29,377 142,984 4,582 (11,701) (8,421) 2,329 134 - - - 129,907 484 4 1,250 809 389 371 3,307 2,752 2,752 165,343 |
31 October 2019 £ £ 372,706 50,045 6,950 668 712 2,016 490 1,300 4,843 67,024 144,584 5,354 (13,688) (6,240) 2,174 586 792 316 116 133,994 1,207 31 1,194 1,095 203 289 4,019 1,806 1,806 206,843 |
|---|---|---|
Appendix ii
Derwentwater Independent Hostel Income and Expenditure Account for the year ended 31 October 2020
| RESOURCES EXPENDED (brought forward) Premises and other costs Rates and water Insurance Repairs and renewals Laundry and cleaning Trade refuse Light and heat Rent Interest and charges Bank charges Depreciation Equipment Legal and Professional Accountancy Fee Professional fees Total Resources Expended Net Incoming / (Outgoing) Resources |
31 October 2020 £ £ 165,343 8,233 6,731 12,876 6,618 5,037 15,301 48,370 103,166 1,869 1,869 2,338 2,338 890 2,000 4,210 276,926 (53,814) |
31 October 2019 £ £ 206,843 10,339 6,724 11,471 15,146 4,709 18,061 65,400 131,850 2,407 2,407 2,486 2,486 890 - 6,240 349,826 22,880 |
31 October 2019 £ £ 206,843 10,339 6,724 11,471 15,146 4,709 18,061 65,400 131,850 2,407 2,407 2,486 2,486 890 - 6,240 349,826 22,880 |
|---|---|---|---|
| 1,869 | 2,407 | ||
| 2,338 | 2,486 | ||
| 890 2,000 |
890 - |
||
| 349,826 | |||
| 22,880 |
Appendix iii