**COMPANY NO: 07817860**
## **Derwentwater Independent Hostel**
**Report of the Directors and Trustees**
**and Financial Statements for the year ended**
**31 October 2021**
## **Derwentwater Independent Hostel**
## **Index to the Financial Statements for the year ended 31 October 2021**
||Page||
|---|---|---|
|Charity Information|1||
|Trustees' Report|2|- 6|
|Independent Examiner's Report|7||
|Statement of Financial Activities|8||
|Comparative Statement of Financial Activities|9||
|Balance Sheet|10|- 11|
|Notes to the Financial Statements|12|- 16|
## **Derwentwater Independent Hostel**
## **Charity Information for the year ended 31 October 2021**
**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 2021**
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 2021.
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
## **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 tenth 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 had a busy summer re-establishing itself after first Covid lockdown in March 2020. However, social distancing rules still restricted bathroom access in the main building, and many previously cancelled school groups still needed more confidence before they could rebook education groups back into hostel accommodation: so the open question for Trustees was “what impact will any Winter 2020 resurgence of Covid have on both our hostel staff team, and the visitors we would normally welcome through our winter and summer season?”
In the trading year 1st November 2020 to 31st October 2021, the Hostel was closed for 196 days (from 1st November 2020 to 16th May 2021), almost 54% of the year!
Page 2
## **Derwentwater Independent Hostel**
## **Report of the Trustees, contd. for the year ended 31 October 2021**
## **Review of the development, activities and achievements of the Company (cont)**
Yet 7,773 overnights were booked this financial year, representing a solid 60% of the pre-Covid 2018/2019 overnight numbers, showing that the hostel was indeed busy once again, as soon as lockdown measures receded and the hostel was able to re- open with vigour.
The annual 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 2020-2021 7,773 overnights
The Trustees are thankful that the Allerdale Borough Council supported the hostel with £27,950 via Allerdale Business Support Grants, and the Job Retention Scheme supported the furloughing of staff with a received total of £50,046. The furloughing of staff and council grants helped to alleviate some of the financial pain. The furlough scheme was fundamental to managing to retain all hostel permanent staff, despite the sacrifice everyone made in accepting a reduced wage of 80% under the furlough scheme. Retaining our permanent staff has been key to a fast and effective start up in Summer 2021 and successfully navigating the wider hospitality recruitment problems of 2022. The support we provided for our staff members ensured everyone remained positive throughout, enabling the team to take on the challenges of reopening and maximise the opportunities once the Hostel re-opened 17th May 2021.
In addition to government subsidy, our Hostel Manager, Tim Butcher, reports that the landlord provided discount/rent relief equating to a gross saving of £30,930 in this financial year too.
With almost £110k of financial assistance, I am pleased to report with a similarly year half-open (2020/21 as 2019/2020), the Hostel team recorded a strong £264k of hostel income, up 78% on the 2019/2020 trading year hostel income of £149k, with the advantage of a strong Summer 2021.
It means the trading loss of £53,814 from the previous year (2019/2020) has been transformed back into a trading profit of £15,365 for 2020/2021, which is a testament to the resolve and actions of our Hostel Manager Tim Butcher and his full team. They were keen to be back at work after lock-down, and the decision to invest in 3 external wooden Camping Pods and the temporary camping pitches on the lawn in Summer 2021, proved invaluable foundations on which to build the 2021 customer experience upon. Of the total investment of £85,000 sanctioned by Trustees in the year to October 2021, £50,000 was invested in the installation of three new camping pods which were delivered in May 2021, ready for the reopening of the hostel. In 5.5 months to the end of this financial year, these three new camping pods delivered a net boost to overnight income of £21,000 and they are on target to have paid for themselves by the end of the 2022 financial year. The “pop- up” provision of camping pitches contributed a further £11,000 to hostel overnight income. Hence the overall trading surplus made possible.
The outdoor camping activities helped to shoulder the inability to get full room occupancy inside the main house, as specific bathroom/shower units had to be dedicated to specific “social distancing groups” to help health and safety isolation rules within the building, for the well-being of all visitors and staff. It meant the number of dedicated bathrooms was the controlling factor on how many rooms could be sold on a given day.
Demand for hostel accommodation was high from families and individuals throughout the summer holidays. Whilst eventually school residential trips were legally possible, many regular school groups did not travel in 2021, which reflects the low level of group business in the following table of figures for a 2021 comparison:
Page 3
## **Derwentwater Independent Hostel**
## **Report of the Trustees, contd. for the year ended 31 October 2021**
## **Review of the development, activities and achievements of the Company (Cont)**
The Customer Data Comparison chart above shows the drop in Primary School and Secondary Schools segment of the Education & Adventure customer types from 16% and 30% respectively in Pre-Covid 2018/2019 down to just 0% and 9% in the Covid Year 2019/2020, with a bounce back in this last financial year to 17% and 19% respectively for Primary Schools and Secondary Schools. University groups made up 26% of all Education & Adventure categories in this last year, although just 549 (one third) University group overnights compared to the 1,656 overnights for University groups back in pre-Covid 2018/2019.
It is heartening to see our youth returning to Derwentwater and the Lakes, as schools and universities re-mobilise their students back into group-led activities and exercises. The Education and Adventure agenda is uppermost in the decisions of the Trustees as we reflect on our charitable objectives and how to continue to offer access to young people to such a special environment and ecosystem seen in the Hostel grounds and immediately around our location. Sadly there were no school groups underpinned by our own charity subsidy or that of grants we offer to improve accessibility for some school pupils. The levels of hostel use by schools and scout teams have been just so low due to the Covid regime and the subsequent delay in confidence levels for schools to get re-established once again for organising large group residential stays.
## _Special Grants_
With few school groups to stay at the Hostel, no special grants were distributed in 2020-2021 on account of the impact of coronavirus on all school bookings.
## _Volunteers_
We are extremely grateful for the support of many volunteers working alongside our hostel team, in helping us to manage the hostel through 2020/21. We pass our thanks to the following volunteers who contributed to the running of the hostel in the year to 31st October 2021.
Page 4
## **Derwentwater Independent Hostel**
## **Report of the Trustees, contd. for the year ended 31 October 2021**
## **Review of the development, activities and achievements of the Company (Cont)**
Abi Devaney - 25 hours
Leo & Danielle Lovejoy - 50 hours Jess Halsall - 30 hours
Tyla Smith & Ava Newell - 50 hours Colm Reynolds & Liz Fehily - 90 hours Madeleine Birchmore - 50 Hours Anna Hawkins - 25 hours
Olive Robinson - 70 hours Harry Street - 75 Hours Paul & Sara Chilton - 50 hours Total volunteering hours 515
## _Trustee Appointments_
The charity has benefited over the past two years of crisis from the consultant input of Laura Cadman advising the Trustees on their legal responsibilities, improving our charity processes, agenda setting, governance details and leading a Trustee training day.
I would also like to thank Paul Kleian for his contributions to Trustee meetings, in particular advice and counsel on brand, marketing and insights on the Lake District tourism and hospitality sector during successive Covid lockdowns. Paul also contributed to a sub-committee workshop on potential website, CRM (Customer Relationship Management) and PMS (Property Management System) strategies, as Hostel Manager Tim Butcher began to scope and plan for a potential IT investment in the next financial year, to see if any business case could actually be made for upgrading the Hostel’s systems and workflow, after these last ten years of operation since taking over from the Youth Hostel Association.
## No new Trustees were elected in this financial year.
## _Cash Reserves_
Cash reserves were as high as £235k in 2018-2019, but fell in 2019-2020 to £181k – representing just 49% of 2018-2019 revenues and under 50% of an average pre-Covid trading year. With a trading surplus this year, cash reserves now sit at £196k end of the 2020/2021 trading year.
## _Summary_
2020/2021 is therefore a year only half-open and half-full, yet importantly one where the hostel team did find their feet once again, and excelled in delivering the revenue and costs which helped balance the books back into surplus with the help of grants, rent subsidy, many volunteers and the return of customers to our doors, as well as the foresight to invest in Camping Pods and temporary tent camping.
The Trustees heartfelt thanks is once again extended to Tim Butcher and his wider hostel team who faced the unknown fears of lockdown, the uncertainty of cancellations, and brought the hostel back to a new normal, with their energy and commitment to serve all those enjoying what the 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 action-packed with inspiring tales of Lakeland adventure and learning.
As Chairman of the Trustees I personally thank once again the hard-work and passion of our hostel team at Derwentwater Independent Hostel.
## **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 2021**
## **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: 19.07.2022
Page 6
## **Derwentwater Independent Hostel**
## **Independent Examiners Report for the year ended 31 October 2021**
I report on the accounts for the Trust for the year ended 31 October 2021 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 2021**
**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 2021**
**31 October 2020**
Restricted Unrestricted Designated
Total
Total
Funds
£
£
£
£
£
-
-
-
-
327
-
-
-
-
-
-
77,996
-
77,996
73,419
-
-
-
-
-
-
246
-
246
570
-
264,471
-
264,471
148,796
-
342,713
-
342,713
223,112
-
327,348
-
327,348
276,926
-
327,348
-
327,348
276,926
-
15,365
-
15,365
(53,814)
-
148,354
33,000
181,354
235,168
-
33,000
(33,000)
-
-
-
196,719
-
196,719
181,354|**31 October 2021**
**31 October 2020**
Restricted Unrestricted Designated
Total
Total
Funds
£
£
£
£
£
-
-
-
-
327
-
-
-
-
-
-
77,996
-
77,996
73,419
-
-
-
-
-
-
246
-
246
570
-
264,471
-
264,471
148,796
-
342,713
-
342,713
223,112
-
327,348
-
327,348
276,926
-
327,348
-
327,348
276,926
-
15,365
-
15,365
(53,814)
-
148,354
33,000
181,354
235,168
-
33,000
(33,000)
-
-
-
196,719
-
196,719
181,354|
|---|---|---|
|||223,112|
|||276,926|
|||276,926|
|||(53,814)
235,168
-|
|||181,354|
There were no gains or losses in the year to 31 October 2021 other than those included above.
The notes form part of these financial statements
Page 8
## **Derwentwater Independent Hostel**
## **COMAPARATIVE Statement of Financial Activities for the year ended 31 October 2020**
## **31 October 2020**
|**Notes**
**INCOME**
**Voluntary income**
Donations and gifts
Legacies receivable
Grants receivable
Activities for generating funds
Investment income
**Income from**
**charitable activities**
Hostel income
**Total income**
**Expenditure**
**Charitable activities**
**Total expenditure**
**Net income / (expenditure)**
**Net movement in funds**
Total funds brought forward
Transfers between funds
**Total funds carried forward**|Restricted Unrestricted Designated
Total
Funds
£
£
£
£
-
327
-
327
-
-
-
-
-
73,419
-
73,419
-
-
-
-
-
570
-
570
-
148,796
-
148,796|
|---|---|
||-
223,112
-
223,112|
||-
274,926
2,000
276,926|
||-
274,926
2,000
276,926|
||-
(51,814)
(2,000)
(53,814)|
||-
(51,814)
(2,000)
(53,814)
-
200,168
35,000
235,168
-
-
-
-|
||-
148,354
33,000
181,354|
Page 9
## **Derwentwater Independent Hostel**
|**Balance Sheet**
**as at**
**31 October 2021**
**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 2021**
£
£
40,716
40,716
35,131
271,372
306,503
100,500
206,003
246,719
**year**
50,000
196,719
-
196,719
-
196,719|**31 October 2020**
£
£
7,018
7,018
9,433
288,602
298,035
73,699
224,336
231,354
50,000
181,354
-
148,354
33,000
181,354|**31 October 2020**
£
£
7,018
7,018
9,433
288,602
298,035
73,699
224,336
231,354
50,000
181,354
-
148,354
33,000
181,354|
|---|---|---|---|
||||7,018
224,336|
||306,503
100,500|298,035
73,699||
||**year**|||
||||231,354
50,000|
||||181,354|
||||-
148,354
33,000|
||||181,354|
For the year ending 31 October 2021 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 10
## **Derwentwater Independent Hostel**
## **Balance Sheet as at 31 October 2021**
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: 19.07.2022
The notes form part of these financial statements
Page 11
## **Derwentwater Independent Hostel**
## **Notes to the Financial Statements for the year ended 31 October 2021**
## **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|2021
£
240
450
200
890|2020
£
240
450
200|
|---|---|---|
|||890|
Page 12
## **Derwentwater Independent Hostel**
## **Notes to the Financial Statements for the year ended 31 October 2021**
||||31 October 2021|31 October 2021|||
|---|---|---|---|---|---|---|
||Restricted||Unrestricted|Designated|Total|31 October 2020|
|||£|£|£|£|£|
|**2**|**Donations and gifts**||||||
||Sundry donations|-|-||-|327|
|||-|-|-|-|327|
|**3**|**Grants receivable**||||||
||Allerdale Business Support Gra|-|27,950||27,950|25,000|
||Job Retention Scheme Grant|-|50,046||50,046|48,419|
|||-|77,996|-|77,996|73,419|
|**4**|**Investment income**||||||
||Bank interest received|-|246|-|246|570|
|||-|246|-|246|570|
|**5**|**Hostel income**||||||
||Group adult bednight|-|32,475|-|32,475|32,271|
||Group U18 bednight|-|18,013|-|18,013|4,976|
||Family rooms|-|43,243|-|43,243|19,936|
||Private rooms|-|43,842|-|43,842|24,801|
||Individual adult bednight|-|1,104|-|1,104|1,604|
||Individual U18 bednight|-|-|-|-|30|
||Cancellation charge|-|10,975|-|10,975|2,296|
||Camping|-|11,520|-|11,520|4,924|
||Camping pods|-|20,978|-|20,978|-|
||Breakfast|-|24,443|-|24,443|15,559|
||Adult packed lunch|-|9,307|-|9,307|4,965|
||Junior packed lunch|-|4|-|4|100|
||Group adult evening meal|-|7,522|-|7,522|9,565|
||Group Junior evening meal|-|10,918|-|10,918|2,905|
||A la carte evening meal|-|8,725|-|8,725|7,463|
||Function catering|-|3,359|-|3,359|4,567|
||Alcohol sales|-|9,740|-|9,740|6,765|
||Soft drinks|-|1,376|-|1,376|729|
||Confectionery|-|804|-|804|346|
||Merchandise|-|175|-|175|613|
||Office services|-|470|-|470|309|
||Kitchen sales|-|409|-|409|312|
||Tea and coffee|-|4,044|-|4,044|1,278|
||Ticket sales|-|-|-|-|78|
||Hydro income|-|1,025|-|1,025|2,404|
|||-|264,471|-|264,471|148,796|
Page 13
## **Derwentwater Independent Hostel**
## **Notes to the Financial Statements for the year ended 31 October 2021**
||||31 October|2021||||
|---|---|---|---|---|---|---|---|
|||Restricted|UnrestrictedDesignated|||Total|31 October 2020|
|**6**|**Charitable activities**|£|£|£||£|£|
||Purchases|-|39,094||-|39,094|29,377|
||Staff costs
**Note 7**|-|121,125||-|121,125|129,907|
||Administration|-|3,845||-|3,845|3,307|
||Marketing and Advertising|-|2,595||-|2,595|2,752|
||Premises and other costs|-|138,240||-|138,240|103,166|
||Interest and charges|-|3,152||-|3,152|1,869|
||Depreciation|-|13,572|||13,572|2,338|
||Legal and professional|-|5,725||-|5,725|4,210|
|||-|327,348||-|327,348|276,926|
|**7**|**Employee Remuneration**|||31|October 2021||31 October 2020|
|||||||£|£|
||Staff costs|||||||
||Wages|||||134,136|142,984|
||Employers NIC|||||3,836|4,582|
||Staff accomodation deduction|||||(12,326)|(11,701)|
||Staff food deduction|||||(6,692)|(8,421)|
||Employer pension|||||2,089|2,329|
||Travel|||||-|134|
||Recruitment|||||82|-|
|||||||121,125|129,907|
The average number of staff employed by the trust during the year was as follows;
||31 October|2021 31 October 2020|2021 31 October 2020|
|---|---|---|---|
||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 14
**Notes to the Financial Statements for the year ended 31 October 2021**
## **Derwentwater Independent Hostel**
## **9 Tangible Fixed Assets**
|Plant and
machinery
Fixtures &
Fittings
£
£
**COST**
At
1 November 2020
16,346
7,597
Additions
47,272
-
At
31 October 2021
63,618
7,597
**DEPRECIATION**
At
1 November 2020
11,936
4,989
Charge for year
12,921
653
At
31 October 2021
24,857
5,642
**NET BOOK VALUE**
**At**
**31 October 2021**
38,761
1,955
**At**
**31 October 2020**
4,410
2,608
**10**
**Debtors**
31 October 2021
£
Trade debtors
25,354
Prepayments
9,777
VAT Repayable
-
35,131
**11**
**Creditors: amounts falling due within one year**
31 October 2021
£
Trade creditors
47,281
Advance payments
47,799
Other taxation & social security
2,989
Accruals
2,015
Pension creditor
524
Corporation tax
(108)
100,500
**12**
**CREDITORS > I YEAR**
31 October 2021
£
Bounce Back Loan
50,000
50,000|Total
£
23,943
47,272
71,215
16,925
13,574
30,499
40,716
7,018
31 October 2020
£
1,079
2,806
5,548
9,433
31 October 2020
£
32,728
35,407
2,119
2,815
630
-
73,699
31 October 2020
£
50,000
50,000|Total
£
23,943
47,272
71,215
16,925
13,574
30,499
40,716
7,018
31 October 2020
£
1,079
2,806
5,548
9,433
31 October 2020
£
32,728
35,407
2,119
2,815
630
-
73,699
31 October 2020
£
50,000
50,000|
|---|---|---|
|||50,000|
Page 15
## **Derwentwater Independent Hostel**
## **Notes to the Financial Statements for the year ended 31 October 2021**
|**13**
**Funds**
1
**Projects & Restricted funds**
**Designated Funds**
Refurbishment Reserve
**14**
**Net Assets by fund**
Tangible fixed assets
Investments
Current assets
Creditors: amounts falling due
within one year
**Total net assets**|At
Incoming
Outgoing
November 20 Resources
Resources Transfers
£
£
£
£
33,000
-
0
33,000
-|At
31 October 2021
£
0
0
Total
£
40,716
-
306,503
(100,500)
196,719|
|---|---|---|
||33,000
-
0
33,000
-||
||Restricted
Unrestricted Designated
£
£
£
-
40,716
-
-
-
-
-
306,503
-
-
(100,500)
-
-
196,719
-||
## **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 16
## **Derwentwater Independent Hostel**
**Financial Statements for the year ended 31 October 2021**
The following pages do not form part of the Statutory Accounts
## **Derwentwater Independent Hostel Income and Expenditure Account for the year ended 31 October 2021**
|**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
Camping pods
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
Ticket sales
Hydro income
**Total income**|**31 October 2021**
-
-
27,950
50,046
77,996
246
246
32,475
18,013
43,243
43,842
1,104
-
10,975
11,520
20,978
24,443
9,307
4
7,522
10,918
8,725
3,359
9,740
1,376
804
175
470
409
4,044
-
1,025
264,471
342,713|**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 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|
|---|---|---|---|
||27,950
50,046|25,000
48,419||
||246|570||
||32,475
18,013
43,243
43,842
1,104
-
10,975
11,520
20,978
24,443
9,307
4
7,522
10,918
8,725
3,359
9,740
1,376
804
175
470
409
4,044
-
1,025|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||
|||||
||||223,112|
Appendix i
## **Derwentwater Independent Hostel Income and Expenditure Account for the year ended 31 October 2021**
|**Incoming resources, brought forward**
**RESOURCES EXPENDED**
**Purchases**
Food purchases
Alcohol purchaes
Soft drink purchases
Merchandising purchases
Ticket purchases
Confectionery purchases
Commission payable
**Staff costs**
Wages
Employers NIC
Staff accomodation deduction
Staff food deduction
Employer pension
Travel
Recruitment
**Administration**
Stationery and printing
Postage
Telephone and internet
Computer & website expenses
Subscriptions
Sundry expenses
**Marketing and Advertising**
Advertising
Resources expended carry forward|**31 October 2021**
£
£
342,713
26,118
6,102
666
80
-
503
5,625
39,094
134,136
3,836
(12,326)
(6,692)
2,089
-
82
121,125
1,036
41
1,836
458
335
139
3,845
2,595
2,595
166,659|**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|
|---|---|---|
Appendix ii
## **Derwentwater Independent Hostel Income and Expenditure Account for the year ended 31 October 2021**
|**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 2021**
£
£
166,659
6,237
7,049
63,680
9,756
3,490
14,533
33,495
138,240
3,152
3,152
13,572
13,572
890
3,515
5,725
327,348
**15,365**|**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 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)**|
|---|---|---|---|
||3,152|1,869||
||13,572|2,338||
||890
3,515|890
2,000||
|||||
||||276,926|
|||||
||||**(53,814)**|
Appendix iii