ROOMLEY - JJir.w Residential Outdoor Aetivity. Centre L• Trustees'--Annual Report and Accounts 23/24 ## Table of Contents THE CHARITY____________________________________3 TRUSTEES__________________________________________________________________________________3 INTERIM MANAGER__________________________________________________________________________3 SECRETARY_________________________________________________________________________________3 CHARITY NUMBER____________________________________________________________________________3 REGISTERED OFFICE__________________________________________________________________________3 INDEPENDENT AUDITOR_______________________________________________________________________3 BANKERS___________________________________________________________________________________3 SOLICITORS_________________________________________________________________________________3 ANNUAL REPORT PRESENTATION____________________3 PURPOSE & AIMS______________________________________________________________________________4 FOCUS OF OUR WORK___________________________________________________________________________4 THE HOUSE___________________________________________________________________________________4 THE GROUNDS________________________________________________________________________________4 FUTURE PLANNING_____________________________________________________________________________5 HOW WE DELIVER PUBLIC BENEFIT________________________________________________________________5 WHO IS USING OUR SERVICES?___________________________________________________________________5 CHARITY FINANCES_______________________________7 FINANCIAL REVIEW_____________________________________________________________________________7 PRINCIPLE FUNDING SOURCES____________________________________________________________________7 INVESTMENT POLICY____________________________________________________________________________7 RESERVES____________________________________________________________________________________7 GOVERNANCE, MANAGEMENT, AND STRUCTURE_______8 GOVERNING DOCUMENT________________________________________________________________________8 RECRUITMENT AND APPOINTMENT OF TRUSTEES____________________________________________________8 RISK MANAGEMENT____________________________________________________________________________8 ORGINISATIONAL STRUCUTRE____________________________________________________________________8 THANK YOU_____________________________________8 Trustees Annual Report & Accounts 2023/24 Page 2 ## THE CHARITY ## TRUSTEES The names of the charity’s Trustees for the reporting year: Chair -Nicholas S. Rowark (Resigned February 29th 2024), Alex K MacLennan – current. Vice chair- Ray Noble to February 29[th] 2024, Steven R. V. Badger- current Christoper Johnson Sharon L. McInerney Margret Martin (Resigned September 2023) Jessica Burns (Resigned November 2023) INTERIM MANAGER Mark Woodhouse SECRETARY Jane Anderson (from March 2024) CHARITY NUMBER 1157688 ## REGISTERED OFFICE Broomley Grange, Hindley Road, Stocksfield, Northumberland, NE43 7RX ## INDEPENDENT AUDITOR VACANT ## BANKERS Barclays, 47-53 Northumberland St, Newcastle upon Tyne, Tyne and Wear, NE1 7AF ## SOLICITORS VACANT ## ANNUAL REPORT PRESENTATION ## **BROOMLEY GRANGE RESIDENTIAL OUTDOOR ACTIVITY CENTRE** ## **(A Charitable Incorporated Organisation)** ## **TRUSTEES’ REPORT** ## **FOR THE YEAR ENDED 29TH FEBRUARY 2024.** The Trustees present their annual report together with the audited financial statements of Broomley Grange (BG) from 1st March 2023 to 29th February 2024. The trustees confirm that the Annual Report and financial statements for the CIO comply with current statutory requirements of the charities governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts following the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1st January 2015) as amended by Bulletin 1 (effective 1st January 2015.) Trustees Annual Report & Accounts 2023/24 Page 3 ## PURPOSE & AIMS Our charity aims and purposes, as set out in our constitution, are: To act as a resource for the Boys’ Brigade and young people by providing advice, assistance, and organising programmes of physical, educational, and other activities as a means of: - a) Enhancing their recreational and leisure time activities in the interest of social welfare designed to improve their conditions of life. b) Advancing in life and developing their skills, capabilities, and capacities to enable them to participate in society as independent, mature, and responsible individuals. c) Advancing their education ## FOCUS OF OUR WORK Outdoor education, training, and recreation include a wide range of experiences, including adventurous activities on land and water with an environmental focus. Methods used include skills-focused learning, problem-solving, team building, and an awareness of our environment, with residential experience an essential feature. We use the outdoors to contribute to physical and environmental education and enhance other curriculum areas, promoting personal growth, social awareness, and building life skills. ## THE HOUSE Broomley Grange is a large Victorian property built in 1897 as the home of W G Armstrong’s (of Cragside fame) relative J H Armstrong. Another famous resident was Charles Sheridan Swan of the Swan Hunters shipbuilding family. Over the next few years, and subject to satisfactory funding arrangements, we will continue with our refurbishment plans, including the house, activity buildings, and on-site accommodation. Within the last 48 months, the trustees have worked in partnership with Sage UK and The Sage Foundation to update and modernise our conference facilities, bringing these in line with 21st-century technology to meet the needs of our educational objectives. ## THE GROUNDS Broomley Grange sits on 22 acres of natural woodland, activity space, and wildlife that the board of trustees has carefully managed. With an ever-changing environment and the unfortunate events of Storm Arwen, the board of trustees ensured that all activity structures, woodland walks, and access areas were safe throughout the year. The woodland areas of the site have been improved, and tree safety is managed well. Zones of the older woodland are now removed from visitor activities/ access to allow these to become natural habitats with minimal intervention, which is in keeping with the natural environment. Tree planting has been undertaken on-site to improve the management of the woodland areas. Although a long-term investment, tree planting is now an annual activity at Broomley Grange, and over the last four years, around 3000 trees have been planted across the site. Stopping grass cutting in small zones of the site has undertaken micro-scale rewilding, and an impressive array of plants and trees have naturally taken over the area. Trustees Annual Report & Accounts 2023/24 Page 4 The diverse use of the grounds has improved again during the last year, with more camping and small well-being events allowing for a better connection with nature. More woodland educational visits have taken place, and more use of the outdoor space for wellbeing events has been an actual positive output from the site. New signage has been created from Douglas Fir trees that fell during storm Arwen. The new sign was produced locally in the Hexham area by timber milling at Hollybush Sawmill, a sign designed and created by Sign & Design Hexham. Our thanks to David Ballantyne Forestry for felling the damaged trees, Glendinning Recovery for moving the timber, and Alex MacLennan for overseeing this creative project in a sustainable way. ## FUTURE PLANNING The charity plans to continue with the activities outlined above in the forthcoming years and is recruiting more trustees to help develop its work with young people. We plan to apply for the Learning Outside of the Classroom accreditation and increase the number of on-site activities and overall provision. ## HOW WE DELIVER PUBLIC BENEFIT All our charitable activities focus on developing and delivering programmes designed to enhance the life skills, capabilities, and capacities of the young people we work with. By successfully facing up to challenges that only outdoor activities can provide and overcoming fears and apprehensions along the way, young people make major strides in confidence that can stay with them throughout their lives. Participation in exciting and enjoyable outdoor activities reinforces a positive attitude to education, contributes towards health and fitness, and encourages the maintenance of a healthy lifestyle. The Trustees have worked to diversify the range of public groups using the centre to improve community relations and ensure that further cash flow can be supplemented to uphold charitable objectives. Some notable usages are: - 1) Northumberland County Council - 2) The Boys Brigade - 3) Wild Woman’s Festival - 4) Bike4Health - 5) CISV North East England In the next 5 years, the Trustees hope to report more engagement from educational and community organisations, including more support from The Boys’ Brigade within the North of England. ## WHO IS USING OUR SERVICES? We work with several schools, Uniform Organisations, and Youth Groups across the North of England. With many of the children coming from disadvantaged areas of the region, we try to keep our fees affordable. During the year, we have worked with over 800 young people, helping deliver Key Stage 2, 3, and 4 objectives for the schools, colleges, and educational organisations we work with, helping them develop their self-confidence and social skills and improve their life skills. We Trustees Annual Report & Accounts 2023/24 Page 5 welcome all young people regardless of personal background, faith, gender or personal circumstances. We believe that this philosophy of openness to all enriches everyone by sharing young people's skills, aptitudes and life experiences. Furthermore, we have welcomed 20 groups of people in social, cultural, and recreational capacities to Broomley Grange for their continued well-being and development. ## CHARITY FINANCES ## FINANCIAL REVIEW Against a backdrop of recovery from COVID, a cost-of-living crisis, limited resources, and sustained pressure on school budgets, it has continued to be challenging to plan improvements and develop our services. Our Centre Manager's long-term sickness and our Activities Manager's retirement placed the responsibility for the centre's day-to-day operations on the board of trustees. The board's focus has been to safeguard the site from closure and start making improvements where possible with limited funds. Although challenging times, the site has been well maintained (and improvements made), and the house has maintained the standards of compliance required to operate, which, given the challenges, has been a testament to the hard work of the trustees. Within the next 12 months, the trustees hope to recruit a new staff member to support the day-to-day operations and further invest in the centre's indoor and outdoor facilities. ## PRINCIPLE FUNDING SOURCES Our principal income is derived from the fees we charge for the courses and activities we provide for the young people both on-site at Broomley Grange and off-site around the region. As mentioned earlier in this review, we try to keep our fees as reasonable as possible to ensure that cost is not a barrier, the result of which is that we need to fundraise for any capital expenditure we wish to undertake. This is done by running additional events during the quieter periods and applying to charitable trusts. ## INVESTMENT POLICY Aside from retaining a prudent amount in reserves each year, most charity funds are to be spent in the short term, so there are no funds for longer-term investment. ## RESERVES The board has examined the charity’s reserve requirements in light of the main risks to the organisation. It has established a policy whereby the unrestricted funds not committed by the charity should be between 3 to 4 months of expenditure. The reserves are needed to meet the working capital requirements of the charity, and the board is confident that at this level, they would be able to continue in the event of a significant drop in income. We also hold additional funds to cover running costs during winter when bookings are limited and to meet any unplanned maintenance work. The reserves must be reviewed annually to meet the charity's working needs. Trustees Annual Report & Accounts 2023/24 Page 6 ## GOVERNANCE, MANAGEMENT, AND STRUCTURE ## GOVERNING DOCUMENT Broomley Grange is a registered Charitable Incorporated Organisation (CIO) approved by the Charity Commission on 2nd July 2014 using the Commission’s standard constitution. Its charity trustees are the only voting members. ## RECRUITMENT AND APPOINTMENT OF TRUSTEES Considering the nature of Broomley Grange's work, the Trustees seek to ensure that the needs of the organisation and the community that it serves are appropriately reflected through the diversity of the trustee body. Under the constitution, members are elected for three years, after which they must be re-elected at the next Annual General Meeting. All board members give their time voluntarily and receive no benefit from the charity. The board of trustees is also looking to recruit trustees with specialised skills and refine our onboarding and recruitment procedures. ## RISK MANAGEMENT The board has reviewed the significant risks to which the charity is exposed, and a risk register is being introduced, which will be reviewed and updated at least annually. Where appropriate systems or procedures have been established to mitigate the risks the charity faces. Implementing procedures for the authorisation of all transactions and projects minimises internal control risks. Procedures are in place to ensure compliance with the health and safety of staff, volunteers, clients and visitors to Broomley Grange. We have engaged the services of employment specialists to advise on all HR issues as and when they may arise. ## ORGINISATIONAL STRUCUTRE The board of trustees is responsible for the charity and meets every other month. These meetings include the Centre Manager, to whom day-to-day responsibility for running BG is delegated. This responsibility includes managing appropriate budgetary areas. Overall, financial and strategic issues remain with the trustees. With the retirement of the Activities Manager and the long-term sickness of the Centre Manager, the trustees are considering alternative options for managing day-to-day operations and the requirements of such duties. Trustees Annual Report & Accounts 2023/24 Page 7 ## THANK YOU The Trustees would like to thank the following parties for their continued support over the last 12 months and for the services they provide. - 1) Northumberland CVA - 2) Tyne Rede Accountancy - 3) Kerry Bray Book Keeping - 4) Clarand Accountants - 5) Sage UK - 6) The Boys’ Brigade North of England District and UK offices - 7) David Ballantyne Forestry - 8) Hollybush Sawmill - 9) Glendinning Recovery Prudhoe - 10) Sign & Design Hexham - 11) Councillor Anne Dale - 12) Nicholas and Elizabeth Rowark - 13) Seasalt staff Hexham branch - 14) Maggie Martin and Wild Women group - 15) Mark Woodhouse - 16) Forestry England Trustees Annual Report & Accounts 2023/24 Page 8 Company registration number: CEOO•199 Charity registration number.. 1157688 Broomley Grange (A Charilable Incorporated Organisation) Annual Repon and Financial Statements for the Year Ended 29 F¢b￿ary 2024 ACCA TVNEfiEDE ACCOUNIAP4CY Broomley Grange Contents R¢f¢ience and Administrative Details Strategic Report 2￿3 Trustees, Report 4106 Iiidepeiideni Examinerfs Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements 1010 15 Broomley Grange Reference and Administrative Details Ch&rity Registration Number 1157688 Company Registration urnber CE￿)2199 The charity is incoTporaied in England. Broomley Grange Hindley Road Stocksfield Northumberland NE43 7RX Registered Offiee Independent Examiner Christopher Gillie FCCA Lloyds Bank House Belltngharn Hexham Northumberland NE48 2BA Page I Broomley Grange Strategic Report for the Year Ended 29 February 2024 The trustees, wbo are diTectOTS for the purposes of company law., present their strategic report for tIK year end¢d 29 February 2024. in eomplianee u'iih s414C of the Compantes Ad 2006. Fingllcial reTrieiv Against a backdrop of recovery from COVID. a ¢ost-of-livin£ crisis. limited resources. and sustained pressure on school budgets, il has continued to be challenging io plan irnprovements and develop our services. Our Centre imanagels long-lenn sickness and our Aetivili¢s kmanager's retirement placed the responsibility for the enire's day-lo-day operations on (he board of Iruslees. Tbe board's focus has been to safeguard the sile from closure and start making improvements where possible Ivith limited ￿nds. Although challenging times, the Sire has been wrll maintained (and improvements made). and the house has maintained the standard5 of compliance required to opernie. which. given the Challenges, has been a trstament to the haTd work of the tNstees. Wiihin the nexi12 monihb. the m￿lee$ hope to recruii a new Member 10 support the day-to-day operalions and further invest in the cenlre's indoor and outdoor facilitiLs. Poll¢y oil reserves The board has examined Ibe charity's resen'e requiremeD¢S in lighi of tlie main risk5 to the organisation. It has established a policy whereby the unrestricted funds iiot committed by the charily should be betw¢eii 3 to 4 months of expenditure. The reserves are needed io meet ihe H￿rkIng capital requirements of the charity, and the board is confidenl tlial at Ihis level, they would be able io continue in the eiient of a significant drop in income. We also hold additional funds to cover runnin8 cosls durin8 winter when bookings are limiied and to meel any uttplanned mainienau¢e work. The reserves must be reviewed annually lo meet tbe charity's working needs. Priiiclpalfitiidlng soiirces Our principal income is derived from the fees charge for the courses and activities ive provlde for the yoiin8 people both on-site at Broomley Grange and off-site around the region. As menlioned earlier in this review, ￿.¢ try to keep our fees as reasonable as possible io ensure ihal cost is not a ba￿ler, the resuli of which is that Nve need to fundraise for any capital expendirure we wish lo undenake. This is done by rut)ning addilional ei'ents during the quieter periods and applying to charitable Irusls. INve.F¢nieftlpolicy and objectiv£.$ Aside from retainit)8 a pn]dent amount in ￿serveS each year, most chariry ￿ndS are to be Spent in the short t¢rn], so there are no fiuids for longer-terni iDveslrDent. Plans for future periods Aiiiis oiidkey objeclivesforfiilure periods The charity plans to continue with Ihe aclivilies outlined above in the forthcoming years and is recntiling Inore stees to help develop its ivork ivith young people. We plan to apply for the Learning Outside of the Classroom accreditation and increase the number of on-sile activilie5 and oi'erall proNision. Page 2 Broomley Grange Strategic Report for the Year Ended 29 February 2024 Tbe strategic report ivas appToved by the tnlstees of the cbarity on121111'24xnd signed on its behalf by.. A K Maclennan Trusree Page 3 Broomley Grange Trustees, Report The trustees, who are directors for tbe purposes of company present the annual report together with the fmancial slalements of the charitable company for th¢ y¢ar ended 29 February 2024. Objectives and activities Objects and aims Our charity airns and purposes, as set out in our constitution, art: To act as a resource for the Bo}%. Brigade and young people by providing adiyice, a5Si5tance. and orgaDising programm¢s of physical, educational. and other activities as a of: _ a) Eiihancing their recreational and leisure time aciivities in the int¢re5t of social welfare designed to improve their conditions of life. b) Adi'ancing in life and developing iheir skills, capabilities, and capacities to enable IheJn lo participate ID Society as independent, malure, and responsible individuals. c) Advancing their education Pmblic beiiefit All our charitable aclivities focus on developing and delivertng programmes d¢signcd lo enhance Ibe life skills, capabilitie5, aiid capacities of the young people we work wiih. By successfully facing up to challenges thal only outdoor activities can provide and oi'ercorning fears and apprehensions along the young peopl¢ rnakc rnajor strides in confidence that can stay ivith them throughout their lives. Participation in exciting and eiijoyable outdoor activities reinforces a positive attitt]de to education, contributes toivards he21th and fimess, atLd encourages the maintenance of a healthy lifestyle. The Trustees have worked to diversify the range of public groups using the Centre to improve community relations and ensure Ibal furtber cash flow can be supplemenled to uphold charitable objectives. Sorne notable usaBes are: l) INorihumberland County Council 2) The Boys Brigade 3) Wild Woman's Festival 4) Bike4Healih 5) CISV North East England In the next 5 years, Ibe Trustees hope to report more engagement froni educational and community organisations, including more support from The Boys. Brigade wlthin the North of England. The trustee5 confirm that they have complied wilh the requirements of section 17 of tlje Chariiies A¢1 2011 to have due regard to Ibe public benefit guidance published by the Charity Commission for England and Wales. Page 4 Broomley Grange Trustees. Report Trustees and offlcer$ The Iruslees and officers serving during ihe yeAr and since the year end M'ere as follows: Trustees: A K Maclennan S R V Badger S L Mclnemey (appointed 29 July ?024) R Noble C Johnson Strueturei governance and management F5nanel41 Instruments Objectives dndpolieies The ¢l)arity's a¢livilies expose it lo a number of financial risks including credil risk, c8sh flow risk and liquidity risk. Tlie use of f)nan¢ial derivaiives is governed by the charity's policies approved by the board of t￿￿tees, Ivhich provide written principles on the use of financial derivativcs to manage thcse risk5. The charity does not us¢ derivative finan¢ial instrum¢nls t-or speculative Purposes. Cash flow rlsk The charity's activities expose it prlmarily to ihe financial risks of cbanges in foreign curtency exchange rates and interest rdtes. The charity uses foreign exchange fonvard contrncts and interest ratc swap contracts to hedge Ihese exposures. Interest bearing assets and liabililies are held at r￿ed rate lo ensure Cerlainry of cash flows. Credlt plsk The ¢harity's principal financial ossets are bank balances and cash, trade and oiher receivables, and investments, The charity's credit risk is primarily attributable to its trdde receivables. The amouiits presented in tbe balance sheet are net of allowances for doubtful receiitables. An alloivance for impairnient is made ivhere there is an identified 105$ event whi¢h, based on previous experience, is evidence of 8 reduction in the re¢oi'¢rdbility of the cash fl0i1'5, Thc credit risk on liquid ￿ndS and derivativ¢ financial insrrnments is limitcd because the ¢ounteTparties are banks with high credit-ratings assigned by inlernational credit-rating agencies. The charity has no significant concentTalion of credil risK with exposure spread oiwer a large number of counlerpartie3 and Customers. Llquldlty risk In order to maintain liquidity to m5ure tijat sufficient funds are available for ongoing operations and fiJNre developments, the chariry uses a mixnLTe of long-terni and short-terni debt finance. Further d¢tsils reEardinE liquidity risk can be found in the Statement of accounting policies in the financial statements. Statement of Trustees, Responsibilitits The trnstees (Ivho are also the directors of Broomley Grange for the purposes of cornpany law) are responsible for preparing Ihe Irvsiees, report and the financial slalemenls in accordance wryih tbe United Kingdorn Accounting Siandards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations. Page 5 Broomley Grange Trustees, Report Company laii. requires the trnstees to prepare financÉal statements for each f￿ancial year. Ullder company la￿. the tThstees must not approi".e the financial statements unless they are satisfied that they gTve a tnje and fair vieiv of the state of aftairs of the charitable company and of 115 incoming resource5 and application of resource5, including ils income and expenditur¢ for that period. In preparing these financial staternent5, the trustees are required to: select suitable accounting policie5 and apply them consistently- observe the method5 and principles in the Charities SORP. make judgements and esiimates Ihat are reasonable and pnjdenl. state whether applicable UK Accounliiig Standards have been followed. subject 10 any maierial departures disclosed and explained in Ihe financial slaiemenls. and prepare die financial slalemenls on the going concem basis unless it Is AnappropTiate lo presurne Iliat the charitablc company ivill continue in business. The trustees are responsible for keeping adequaie aecounting records Ihai are sufficieiii to show and exploiii ihe chllritable company's transactions and disclose with reasonable accuracy al any lime the financial position of ihe charitable company and enable them lo ensure Ihal the financial stalemenls comply with the Companies Acl 2006. Tbey are also re5PODsible for safeguarding the assets of the chariiable company and henc¢ for taking reasonable steps for Ihe prevention and detection of fraud and other i￿¢gUlaritIeS. The annual report ivas approved by the trustees of the charity on ... . A K MaclennAn Trustee Page 6 Broomley Grange Independent Examiner's Report to the trustees of Broomley Grange ("the Cornpany") I report to the charity trnstees on my examiDation of the accounts of the Company for the year ended ?9 February 2024. Responsibilities and basis of report As Ibe charity's Irusiees of the Company (and also ils directors for the purposes of company laiv) you are responsible for the preparation of the accounts in accordance w'ith the requirements of the Companies ACL 2006 ('the 2006 Act.). Having satisfied myself that the accounts of Brooniley Grange are not required to be audited linder Part 16 of the ?006 Act and are eligible for independent examination, I report An respect of my examittation of your charity's accounts as carried out under seclion 145 of the Charilies Act 2011 ('the 201 l Act.). In canying out my examination I have followed the Directions given by the Charity Con]mission under section 145(5)(b) of tl)e 2011 Aci. Independent eximiner's statement I have completed my exarnination. I confirni that no rnatiers have come lo my aiteniion in connection ivith tl)e examination giving me cause to believe: accouiiting records ivere not kepi in rt8pect of BToomley Grange as required by section 386 of the 2006 A¢t; or 2. the accounts do not accord M'ith Ihos¢ r￿OrdS. or 3. the accounts do not comply with the accounting requiremenls of section 396 of Ihe 2006 Aci other than any requiremeni Ihal Ihe accounts give a 'true and fair vieiv, Ivhich is noi a maiier considered as parl of an independent exarninalion; or 4. Ibe accounts bave not been prepared in 8ccordance wilh the methods and Principles of Ihe Ststement of Recommended Praciice for accounting and reporting by chariii¢s lapplicable to charities preparing their accounts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of trelaod (FRS 102)]. I have no concerns and have come across no oiher matters in conneciion iviih the examinalion io which alteiilion Should be drawn in ihis r¢port in order to ¢nable a proper undersianding of the accounts to te reached. Christopher Gi FCCA Lloyds Bank House Bellingham Hexham Northurnberland NE48 2BA Page 7 Broomley Grange Statement of Financial Activities for the Year Ended 29 February 2024 (Including Income and Expenditure Account and Statsment of Total Recognised Gain5 and Losses) Unrestricted funds Total 2024 Note Income and Endoiiments from: Donations and legacie5 Other tr8ditLg activities Total income 7.454 82.320 7,454 82,320 89.774 89,774 Expenditure on: Charitable activlties (78.809) (78,809) Total expenditure (78.809) (78,809) Nel in¢ome 10.965 10.965 Net movcmenl in fijnds 10,965 10.965 Reeonciliation of funds Totsl funds brougl)t fonvard 5,215 5,215 Total funds carried forward 16,180 Unrestrlcted funds 16,180 TolAI 2023 lllcom¢ and Endomments from: Donations and legacies Other trading acrivities 4,514 59,959 4,514 59.959 Total income 64,473 64.473 Expenditure on: Charitable activities (82.166) (82.] 66) Total expenditure 82,166 82.166) Net expeiiditure (17,693 17,693 Net movement in funds (17,693) (17.693) Reconciliation of funds Total fvnds brought EoThvard 2?,908 ?2,908 Total funds Carried fornard 5.215 5,215 All uf the charity's activities derive from continuing operations during the above hvo periods. The funds breakdown for 2023 is shoivn in note I l. The notes on pages 10 to 15 forni an integral part ofthese financial statements. Pag¢ 8 Broomley Grange (Registration number: CE002199) Balance Sheet as at 29 February 2024 2024 2023 Note FllX￿ assets Tongible ass¢ts Current assets Debtors Cash at bank and in hand 13,245 10,?65 29.671 4,407 28.821 39,936 Creditors: Amounts falllng due within one year Net current a55ets (14,507) (13.183 25.429 20,045 Total Assets less current Ifabllltles 38.674 37.315 Credltors: Amounts falling due after more than one )'ear Net assets (??,494) 16,180 (32,100) 5,2J5 Funds of the chArlty: Unre5trlcted Income funds Unresiricted funds 16,180 5,215 Total funds 16.180 ror tlie financial year ending 29 February 2024 the chariry was entiiled to exemption from audit under section 477 of Ihe Companies Act 2006 relaiing to small companies. Directors, responsibiliite5: The members have not required the charily to obtsin an audit of its accounts for the year in question in accordan¢¢ with section 476. and The directOT5 acknowledge their responsibilities for Complying with the requirernenls of the Act with respect to a¢¢ounting reconts and the preyardtion of accounts, The an¢ial statements on pagcs 8 to J5 were approved by the trnstees, and authorised for i58u¢ on signed on their behalf by- A K Maclennan Trustee The llo￿s on pages l O to 15 forni an integral part of these financial ststements. Page 9 Broomley Grange Notes to the Financial Statements for the Year Ended 29 February 2024 I Charity Status The chariry is limited by guardntee. incorporated in England, and consequently does not have shar¢ capital. Each of the irnstees is liable to contribuie an amouni not exceeding £1 toivards the assets of the chariry in the event of liquidation. The address of its regi5tcred office is= Broomley Grange Hindley Road Siocksfield Northumberland NE43 7RX 2 Accountlng pollcles Summary of slgnificant accounting poll¢le$ v4nd ke), aecounting ¢stimate$ The principal accounting policÉes applied iti tbe preparation of Ibese financial stalemenls are set out beloiv. These policies have been consislenily applied lo all the years presen*d, unless otherwise slated. Statement of compllAnce The financial siatemcnls have been prcpaTed in accordance ivith Accounting and Reporting by Charities: Statement of Recommended Practice (appli¢able to charities preparillg Ibeir accounts in accordance ivith the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)) (issued in October 201 9) (Charifies SORP (FRS 102)). the Financial Reporting Standard applicable in the UK and Republic of treland (FRS 102) and tbe Companies Act 2006. BASIS ofpreparation Broomley Grange meels the definition of a public benefit enliiy under FRS 102. Assets and liabililies are initially rewgnised at historical cost or traMsa¢tion value unless otheniq￿ staled in the relevant accounting policy notes. Going concern The th]st¢es Consider that there are no material uncertainties about the charitys ability to continue as a goii)g concern nor any siJificanl areas of uThcertainty that affect the carrying iyalue of assels held by the charity. Exemptinn from preparing a cAsh flow ststement The charity opted to early adopt Bullelin I published on 2 February 2016 and have therefore not included a cash flow statement 171 these financial slatemenis. Income alld endowmenl$ All income is recognised once the chority has entitlement to the income, it is probabl¢ tbat thc income will be re¢¢ived and the amount of the itwme receivable can be measured r¢liably. Pag¢ 10 Broomley Grange Notes to the Financial Statements for the Year Ended 29 February 2024 Donalions and legacies Donations are recognised when Ilie charity has iKen notified in WTiting of both the amount and settlemenl date. In the event Ihat a donation is subject to conditions thal require a level of performaDce by the charity before tl charity is entitled Lo Ihe fi)nds, tbe income is deferred and not recognised until either tliose condilioDS are fully met, or the fulfilmenl of Ihose conditions is wholly ivithin the control of ihe charily and it is probable ihai ihese conditions will be fulfilled in the reporting period. Granis receivable Grants are recognised wh¢n th¢ charity has an entitlement to the funds and any conditions linked to the granls liave been rneL Where perforniance conditions are attached lo the granl aud are yet to be met, the income is Tecognised a5 a liabiliry and included on th¢ balance sheet as deferred income to be released. Deferred income Deferred income Tepresents amounis received for fulure periods and is r¢leased to incoming rebources iii the period for which, it ha5 bcen received. Such income is only deferred when: The donor specifies that the grant or donation M￿81 only be used in future accouniing periods, or The donor has imposed conditions which musi be mei before the ehaTity has unconditional enttileinenl. Expenditure All expenditure is recoBnised once there is a le8al or conslru¢iive obligation 10 Ihai expenditure, it is probable settlement is required and Ibe amounl can be measured reliably. All costs are allocaled lo ihe applicable expenditure heading that aggregaie similar eosts to (hat cai¢80ry. Ivhere Costs cannot be direcily atlribuled lo particular headings they have been allocated on a basis consistent wilb Ihe use of resources, with central staff costs allocated on the basis of time spenL and depreciatlOD charges allocaled on ihe portion of the asset's use. Other support costs are allocated based on the spread of slaff cosi5. CharEtabl£ llcljiyities Chartiable expenditure coinprises Ihosc costs incurred by the charity in the delivery of its aciivilies and services for lis beneficiaric5. It includes both costs thai can be allocated dire£tly to gu¢h aGtivilies and those costs of an indirect nature necessary lo support Ihem. Govtrnmcnt grAnts Government 8rants are recognised based on the accrual model and are measured at the fajr value of the asset rcccivcd or reccivablc. Grants are classified as relaiing either lo revenue or to assets. GraDls relating to revcDue are recognised in income over the period in whicli the related costs are Tecognised. Grants relatin8 to assets are recognised over ihe expected useful life of the asset. Where part of a grant relalinq to an asset is deferred. it is recognised as deferred income. Tax4tion The charity 15 consideied to pass the iests set out in Paragraph I Schedule 6 of tbe Finance Act 2010 and tberefore it meets the definition of a ch￿R￿61e cornpany for UK corporation tsx purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories ¢oi,-¢red by Chapter 3 Part I l of the Corporation Tax Act ?01 O or Section ?56 of the Taxation of Chargeable Gains Act 1992. to the extent that such income or 8ains are applied exclusively to charitable pu￿Oses. Pagell Broomle), Grange Notes to the Financial Statements for the Year Ended 29 February 2024 Tangible flxed assets Individual f￿ed assets costing £100.00 or more aTe iniiially recorded al cosl less any subsequent accumulated depreciation and subsequent accumulated impairment losses. DeprÉtiation and amortisation Depreciation is provided on langible fixed assets $0 as to 1vri￿ off the cost or valuation. less any estimated r¢sidual value. over theiT expected useful economi¢ life as follows.. Trgde debtors Trade debtors are amount5 due from customers for merchandis¢ sold or scrvices perfomicd in the ordinary course of business. Trade debtors are recognised initially at the transaclion priee. They are subsequenily measured at amonised Cost using tbe effective int¢resl method, less provision for impairnienl. A provision for the inipairmenl of trade debtors is eslablisbed wlien Iliere is objective evidence tha( the charity will not be able to colle¢l all amounls due occording to the original t¢rn)s of the receivables. Ca$b alld cash equlvalents Cash and cash equivalents cornprise cash on hand and call deposits, and other short-term bighly liquid investmenis that are readily convertible to a known amount of cash and subject to an insignific8ni risk of hang¢ in value. Trade ereditors Trade creditor8 are obligations to pay for goods or services that haTre b¢en acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the chariry does not have an unconditional righr, al the end of the reportlng period, to defer settlement of the creditor for at least tH'elve rnontl)s after the reporting date. If there is ali uncoiidilioi)al right lo defer seitlemeni for al least twelve months after the reporting date, they are prcscnted 8s non-cutTeni liabililies. Trade creditors are recogntsed initially at the transaction price and subsequently measured at amortised cost using the effectile interest method. Borroiylngs Interesl-bwing borrowings are initially recorded ai fair value, nel of transaction costs. Interesi-bearing borrowings are subsequently carried al amortised ¢osl. M'iih the dilTerence behveen the proceeds. nel of Iran5aclion costs. and the amount due on redemption being re¢ognised as a cl)arge to the Statemeni of Financial Activities over the p¢riod of the relevanr borrowing. Interest expense is recognised on the basis of the effethive inieresl method and is included in interest payable and similar charges. Bo￿0￿VIngS are classified as current liabililies unless tlie charity has an unconditional right to defer settlement of the liability for at least twelve months Mfter the reporting date. Fund stru¢¢ure Unrestricied income fijnds are general funds that are available for use at the I￿Stee5 disC￿tion in furtherance of the objeclives of the charity. Pa8¢ 12 Broomley Grange Notes to the Financial Statements for the Year Ended 29 February 2024 Designated funds are unrestricted funds set aside for specific pury)oses at the discretion of the trustees. 3 Income from donations and legacies Unrestricted funds Genergl Total funds Donations and legacies: Donations from indivjduals Grollls. including capitsl grdnts: Govemment grant5 5,454 5.454 2.000 2,000 Tot•1 for 2024 7.454 7,454 Tot41 for 2023 4.514 4.514 4 Taxation Tbe charity is a re8isiered charity and is therefore exempt from lax4tlOD. 5 Tangible flxed assets Furniture And equipment Total Cost At l March 2023 Addilions 86.270 5,100 86,270 5.100 At 29 Febniary 20?4 Depreciation At l Marcb 2023 Charge for the year 91,370 91,370 69,000 9,125 69.000 9,125 At 29 February 2024 78,125 78,125 Net book value Ai 29 February 2024 13,245 13.245 At 28 FebNary 2023 17,270 17.270 Page 13 Broomley Grange Notes to the Financial Statements for the Year Ended 29 February 2024 6 Debtors 2024 2023 Trdde debtors PTepaymenls Other debiors 960 3,436 5.869 207 4,?00 10.265 4,407 7 Cash gnd cash equivalent5 2024 2023 Casb at bank 29,671 28.821 8 Creditors: amounts falllng due wlthln one year 2024 2023 Bank loans Trade creditors VAT grant repayable Accruals Deferred income i 0,000 i 0,000 2,014 (114) 1,200 83 687 2.550 83 14.507 13.183 9 Credltors: amounts falling due after ont year 2024 2023 Bank loans 2?,494 10 Cornmitments CapAtg1 Commitments The total amount contracted for but not provided in ihe financial statements was £Nil (2023 - £Nil). Page 14 Broomley Grange Notes to the Financial Statements for the Year Ended 29 February 2024 11 Funds Balance at i March 2023 Incoming resources Resource5 expended Balance at 29 February 2024 Unrestrlcted funds General (12,055) 89,774 (70.029) (8.780 7.690 D¢signated 17.270 8.490 Total funds 89.774 (78,809 16,180 BAlance at I Marth 2022 Incoming resonrces Resour¢es eipended Bal*nee at 28 F¢bruRry 2023 Unrestrlcted funds General (2.862) 64.473 (73,666) {12,055) 17,270 DesIg￿ated 25.770 8,500 Total funds 22,908 64.473 (8? 166) 5,215 12 Anal)'sis of net assels bolween funds Unrestritted funds General Totql funds At 29 February 2024 Tangible fixed ass¢ Currenl assets CU￿¢llt liabilities Creditors over l year Totsl net assets 13,245 39.936 (14,507) (??.494) 16.180 13,245 39.936 (14,507) {22.494) 16,180 Unrestricted funds Gener21 Total funds 2t 28 February 2023 Tangible fixed assets Current assets Cui'rent liabililies Creditors over l year Totsl net assets 17.270 33228 (13,183) (32.100 17,270 33,228 (13,183) 32,100) 5.215 Page 15 Broomley Grange DetaiIed Statement of Financial Activities for the Year Ended 29 February 2024 Total 2024 Total 2023 Income and Endo)I ments from: Donations and legacies (analysed beloiv) Other trading activities (analysed below) Total incorne 7,454 82,320 4,514 59,959 89,774 64,473 ExperAdlthre on: Charitable activities (analysed beloiv) Total expendilure {78.809) (82,166) (78,809) (82,166) Nel ineomel(expenditure) 10,965 (17,693) Nel mov¢nieni in fijnds 10.965 (17,693) Reconcillatlon of funds Total funds brought fonv8rd Total funds carried forward 5.215 ??,908 16.180 This page does not fotm part of the statutory financial statemenis. Page 16 Broomley Grange Dctailed Statement of Financial Activities for the Year Ended 29 February 2024 Total 2024 Total 2023 Donalions and legacies Appeals and donailons Graols Reeeived 5.454 2,000 14 4.500 7,454 4.514 Oiher trrtdiiig activilies Accornmodation Ineome Catering Income Camplng Activities Income Other income 71,905 51,533 285 810 5.264 2.067 17 3.637 6.761 82.320 59,959 Charitable d¢tivilies Activities Costs Catering Expeiises Wages and salaries Staff Ntc (Employers) Staff pensions (Defined contribution) - pension scheme I Subconlracl cosl Ratcs Water rates Bionthss Costs Eleciriciry & Gas Insurance Repairs and renewals Grounds & Gmrden Telephone and fax Office expenses Printing, postage and staiionery Hire of plant and machinery (Spot htre) Hire of otl)er assets (Operating leases) Sundry expenses Cleaning Planl & machinery running costs Trustee reimbursements Accountancy fees Health & Safety Costs Lega] and professional fees Baiik charges (7,702) (7.365) (1.135) (1.828) (5.897) (13.116) (536) (332) {? 173) (3,?06) (648) (6.696) {10,341) (7,552) (4.370) (115) (1.162) (1.069) (58) (180) (3,080) (2.813) (12,927) (4,707) (5,637) (5.906) {1,332) (1.078) (753) (125) (540) (372) (3,231) (138) (5,997) (109) (?,096) {2.263) (1,024) (?.846) (98) (3,162) {2,235) (1.328) (2,096) (153) This page does noi fonn part of ihe statutory financial statements. Page17 Broomley Grange Detailed Statement of Financial Activities for the Year Ended 29 February 2024 Total 2024 Total 2023 Loan interest Depreciaiion of plant and machinery Depreciaiion of fixlurcs and fittings (1.341) (8,780) (345) (78.809) (482) (8,500) (82,166) This page does forni part of the statutory financial staiemenls. Page J8 Company registration number: CEOO•199 Charity registration number.. 1157688 Broomley Grange (A Charilable Incorporated Organisation) Annual Repon and Financial Statements for the Year Ended 29 F¢b￿ary 2024 ACCA TVNEfiEDE ACCOUNIAP4CY Broomley Grange Contents R¢f¢ience and Administrative Details Strategic Report 2￿3 Trustees, Report 4106 Iiidepeiideni Examinerfs Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements 1010 15 Broomley Grange Reference and Administrative Details Ch&rity Registration Number 1157688 Company Registration urnber CE￿)2199 The charity is incoTporaied in England. Broomley Grange Hindley Road Stocksfield Northumberland NE43 7RX Registered Offiee Independent Examiner Christopher Gillie FCCA Lloyds Bank House Belltngharn Hexham Northumberland NE48 2BA Page I Broomley Grange Strategic Report for the Year Ended 29 February 2024 The trustees, wbo are diTectOTS for the purposes of company law., present their strategic report for tIK year end¢d 29 February 2024. in eomplianee u'iih s414C of the Compantes Ad 2006. Fingllcial reTrieiv Against a backdrop of recovery from COVID. a ¢ost-of-livin£ crisis. limited resources. and sustained pressure on school budgets, il has continued to be challenging io plan irnprovements and develop our services. Our Centre imanagels long-lenn sickness and our Aetivili¢s kmanager's retirement placed the responsibility for the enire's day-lo-day operations on (he board of Iruslees. Tbe board's focus has been to safeguard the sile from closure and start making improvements where possible Ivith limited ￿nds. Although challenging times, the Sire has been wrll maintained (and improvements made). and the house has maintained the standard5 of compliance required to opernie. which. given the Challenges, has been a trstament to the haTd work of the tNstees. Wiihin the nexi12 monihb. the m￿lee$ hope to recruii a new Member 10 support the day-to-day operalions and further invest in the cenlre's indoor and outdoor facilitiLs. Poll¢y oil reserves The board has examined Ibe charity's resen'e requiremeD¢S in lighi of tlie main risk5 to the organisation. It has established a policy whereby the unrestricted funds iiot committed by the charily should be betw¢eii 3 to 4 months of expenditure. The reserves are needed io meet ihe H￿rkIng capital requirements of the charity, and the board is confidenl tlial at Ihis level, they would be able io continue in the eiient of a significant drop in income. We also hold additional funds to cover runnin8 cosls durin8 winter when bookings are limiied and to meel any uttplanned mainienau¢e work. The reserves must be reviewed annually lo meet tbe charity's working needs. Priiiclpalfitiidlng soiirces Our principal income is derived from the fees charge for the courses and activities ive provlde for the yoiin8 people both on-site at Broomley Grange and off-site around the region. As menlioned earlier in this review, ￿.¢ try to keep our fees as reasonable as possible io ensure ihal cost is not a ba￿ler, the resuli of which is that Nve need to fundraise for any capital expendirure we wish lo undenake. This is done by rut)ning addilional ei'ents during the quieter periods and applying to charitable Irusls. INve.F¢nieftlpolicy and objectiv£.$ Aside from retainit)8 a pn]dent amount in ￿serveS each year, most chariry ￿ndS are to be Spent in the short t¢rn], so there are no fiuids for longer-terni iDveslrDent. Plans for future periods Aiiiis oiidkey objeclivesforfiilure periods The charity plans to continue with Ihe aclivilies outlined above in the forthcoming years and is recntiling Inore stees to help develop its ivork ivith young people. We plan to apply for the Learning Outside of the Classroom accreditation and increase the number of on-sile activilie5 and oi'erall proNision. Page 2 Broomley Grange Strategic Report for the Year Ended 29 February 2024 Tbe strategic report ivas appToved by the tnlstees of the cbarity on121111'24xnd signed on its behalf by.. A K Maclennan Trusree Page 3 Broomley Grange Trustees, Report The trustees, who are directors for tbe purposes of company present the annual report together with the fmancial slalements of the charitable company for th¢ y¢ar ended 29 February 2024. Objectives and activities Objects and aims Our charity airns and purposes, as set out in our constitution, art: To act as a resource for the Bo}%. Brigade and young people by providing adiyice, a5Si5tance. and orgaDising programm¢s of physical, educational. and other activities as a of: _ a) Eiihancing their recreational and leisure time aciivities in the int¢re5t of social welfare designed to improve their conditions of life. b) Adi'ancing in life and developing iheir skills, capabilities, and capacities to enable IheJn lo participate ID Society as independent, malure, and responsible individuals. c) Advancing their education Pmblic beiiefit All our charitable aclivities focus on developing and delivertng programmes d¢signcd lo enhance Ibe life skills, capabilitie5, aiid capacities of the young people we work wiih. By successfully facing up to challenges thal only outdoor activities can provide and oi'ercorning fears and apprehensions along the young peopl¢ rnakc rnajor strides in confidence that can stay ivith them throughout their lives. Participation in exciting and eiijoyable outdoor activities reinforces a positive attitt]de to education, contributes toivards he21th and fimess, atLd encourages the maintenance of a healthy lifestyle. The Trustees have worked to diversify the range of public groups using the Centre to improve community relations and ensure Ibal furtber cash flow can be supplemenled to uphold charitable objectives. Sorne notable usaBes are: l) INorihumberland County Council 2) The Boys Brigade 3) Wild Woman's Festival 4) Bike4Healih 5) CISV North East England In the next 5 years, Ibe Trustees hope to report more engagement froni educational and community organisations, including more support from The Boys. Brigade wlthin the North of England. The trustee5 confirm that they have complied wilh the requirements of section 17 of tlje Chariiies A¢1 2011 to have due regard to Ibe public benefit guidance published by the Charity Commission for England and Wales. Page 4 Broomley Grange Trustees. Report Trustees and offlcer$ The Iruslees and officers serving during ihe yeAr and since the year end M'ere as follows: Trustees: A K Maclennan S R V Badger S L Mclnemey (appointed 29 July ?024) R Noble C Johnson Strueturei governance and management F5nanel41 Instruments Objectives dndpolieies The ¢l)arity's a¢livilies expose it lo a number of financial risks including credil risk, c8sh flow risk and liquidity risk. Tlie use of f)nan¢ial derivaiives is governed by the charity's policies approved by the board of t￿￿tees, Ivhich provide written principles on the use of financial derivativcs to manage thcse risk5. The charity does not us¢ derivative finan¢ial instrum¢nls t-or speculative Purposes. Cash flow rlsk The charity's activities expose it prlmarily to ihe financial risks of cbanges in foreign curtency exchange rates and interest rdtes. The charity uses foreign exchange fonvard contrncts and interest ratc swap contracts to hedge Ihese exposures. Interest bearing assets and liabililies are held at r￿ed rate lo ensure Cerlainry of cash flows. Credlt plsk The ¢harity's principal financial ossets are bank balances and cash, trade and oiher receivables, and investments, The charity's credit risk is primarily attributable to its trdde receivables. The amouiits presented in tbe balance sheet are net of allowances for doubtful receiitables. An alloivance for impairnient is made ivhere there is an identified 105$ event whi¢h, based on previous experience, is evidence of 8 reduction in the re¢oi'¢rdbility of the cash fl0i1'5, Thc credit risk on liquid ￿ndS and derivativ¢ financial insrrnments is limitcd because the ¢ounteTparties are banks with high credit-ratings assigned by inlernational credit-rating agencies. The charity has no significant concentTalion of credil risK with exposure spread oiwer a large number of counlerpartie3 and Customers. Llquldlty risk In order to maintain liquidity to m5ure tijat sufficient funds are available for ongoing operations and fiJNre developments, the chariry uses a mixnLTe of long-terni and short-terni debt finance. Further d¢tsils reEardinE liquidity risk can be found in the Statement of accounting policies in the financial statements. Statement of Trustees, Responsibilitits The trnstees (Ivho are also the directors of Broomley Grange for the purposes of cornpany law) are responsible for preparing Ihe Irvsiees, report and the financial slalemenls in accordance wryih tbe United Kingdorn Accounting Siandards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations. Page 5 Broomley Grange Trustees, Report Company laii. requires the trnstees to prepare financÉal statements for each f￿ancial year. Ullder company la￿. the tThstees must not approi".e the financial statements unless they are satisfied that they gTve a tnje and fair vieiv of the state of aftairs of the charitable company and of 115 incoming resource5 and application of resource5, including ils income and expenditur¢ for that period. In preparing these financial staternent5, the trustees are required to: select suitable accounting policie5 and apply them consistently- observe the method5 and principles in the Charities SORP. make judgements and esiimates Ihat are reasonable and pnjdenl. state whether applicable UK Accounliiig Standards have been followed. subject 10 any maierial departures disclosed and explained in Ihe financial slaiemenls. and prepare die financial slalemenls on the going concem basis unless it Is AnappropTiate lo presurne Iliat the charitablc company ivill continue in business. The trustees are responsible for keeping adequaie aecounting records Ihai are sufficieiii to show and exploiii ihe chllritable company's transactions and disclose with reasonable accuracy al any lime the financial position of ihe charitable company and enable them lo ensure Ihal the financial stalemenls comply with the Companies Acl 2006. Tbey are also re5PODsible for safeguarding the assets of the chariiable company and henc¢ for taking reasonable steps for Ihe prevention and detection of fraud and other i￿¢gUlaritIeS. The annual report ivas approved by the trustees of the charity on ... . A K MaclennAn Trustee Page 6 Broomley Grange Independent Examiner's Report to the trustees of Broomley Grange ("the Cornpany") I report to the charity trnstees on my examiDation of the accounts of the Company for the year ended ?9 February 2024. Responsibilities and basis of report As Ibe charity's Irusiees of the Company (and also ils directors for the purposes of company laiv) you are responsible for the preparation of the accounts in accordance w'ith the requirements of the Companies ACL 2006 ('the 2006 Act.). Having satisfied myself that the accounts of Brooniley Grange are not required to be audited linder Part 16 of the ?006 Act and are eligible for independent examination, I report An respect of my examittation of your charity's accounts as carried out under seclion 145 of the Charilies Act 2011 ('the 201 l Act.). In canying out my examination I have followed the Directions given by the Charity Con]mission under section 145(5)(b) of tl)e 2011 Aci. Independent eximiner's statement I have completed my exarnination. I confirni that no rnatiers have come lo my aiteniion in connection ivith tl)e examination giving me cause to believe: accouiiting records ivere not kepi in rt8pect of BToomley Grange as required by section 386 of the 2006 A¢t; or 2. the accounts do not accord M'ith Ihos¢ r￿OrdS. or 3. the accounts do not comply with the accounting requiremenls of section 396 of Ihe 2006 Aci other than any requiremeni Ihal Ihe accounts give a 'true and fair vieiv, Ivhich is noi a maiier considered as parl of an independent exarninalion; or 4. Ibe accounts bave not been prepared in 8ccordance wilh the methods and Principles of Ihe Ststement of Recommended Praciice for accounting and reporting by chariii¢s lapplicable to charities preparing their accounts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of trelaod (FRS 102)]. I have no concerns and have come across no oiher matters in conneciion iviih the examinalion io which alteiilion Should be drawn in ihis r¢port in order to ¢nable a proper undersianding of the accounts to te reached. Christopher Gi FCCA Lloyds Bank House Bellingham Hexham Northurnberland NE48 2BA Page 7 Broomley Grange Statement of Financial Activities for the Year Ended 29 February 2024 (Including Income and Expenditure Account and Statsment of Total Recognised Gain5 and Losses) Unrestricted funds Total 2024 Note Income and Endoiiments from: Donations and legacie5 Other tr8ditLg activities Total income 7.454 82.320 7,454 82,320 89.774 89,774 Expenditure on: Charitable activlties (78.809) (78,809) Total expenditure (78.809) (78,809) Nel in¢ome 10.965 10.965 Net movcmenl in fijnds 10,965 10.965 Reeonciliation of funds Totsl funds brougl)t fonvard 5,215 5,215 Total funds carried forward 16,180 Unrestrlcted funds 16,180 TolAI 2023 lllcom¢ and Endomments from: Donations and legacies Other trading acrivities 4,514 59,959 4,514 59.959 Total income 64,473 64.473 Expenditure on: Charitable activities (82.166) (82.] 66) Total expenditure 82,166 82.166) Net expeiiditure (17,693 17,693 Net movement in funds (17,693) (17.693) Reconciliation of funds Total fvnds brought EoThvard 2?,908 ?2,908 Total funds Carried fornard 5.215 5,215 All uf the charity's activities derive from continuing operations during the above hvo periods. The funds breakdown for 2023 is shoivn in note I l. The notes on pages 10 to 15 forni an integral part ofthese financial statements. Pag¢ 8 Broomley Grange (Registration number: CE002199) Balance Sheet as at 29 February 2024 2024 2023 Note FllX￿ assets Tongible ass¢ts Current assets Debtors Cash at bank and in hand 13,245 10,?65 29.671 4,407 28.821 39,936 Creditors: Amounts falllng due within one year Net current a55ets (14,507) (13.183 25.429 20,045 Total Assets less current Ifabllltles 38.674 37.315 Credltors: Amounts falling due after more than one )'ear Net assets (??,494) 16,180 (32,100) 5,2J5 Funds of the chArlty: Unre5trlcted Income funds Unresiricted funds 16,180 5,215 Total funds 16.180 ror tlie financial year ending 29 February 2024 the chariry was entiiled to exemption from audit under section 477 of Ihe Companies Act 2006 relaiing to small companies. Directors, responsibiliite5: The members have not required the charily to obtsin an audit of its accounts for the year in question in accordan¢¢ with section 476. and The directOT5 acknowledge their responsibilities for Complying with the requirernenls of the Act with respect to a¢¢ounting reconts and the preyardtion of accounts, The an¢ial statements on pagcs 8 to J5 were approved by the trnstees, and authorised for i58u¢ on signed on their behalf by- A K Maclennan Trustee The llo￿s on pages l O to 15 forni an integral part of these financial ststements. Page 9 Broomley Grange Notes to the Financial Statements for the Year Ended 29 February 2024 I Charity Status The chariry is limited by guardntee. incorporated in England, and consequently does not have shar¢ capital. Each of the irnstees is liable to contribuie an amouni not exceeding £1 toivards the assets of the chariry in the event of liquidation. The address of its regi5tcred office is= Broomley Grange Hindley Road Siocksfield Northumberland NE43 7RX 2 Accountlng pollcles Summary of slgnificant accounting poll¢le$ v4nd ke), aecounting ¢stimate$ The principal accounting policÉes applied iti tbe preparation of Ibese financial stalemenls are set out beloiv. These policies have been consislenily applied lo all the years presen*d, unless otherwise slated. Statement of compllAnce The financial siatemcnls have been prcpaTed in accordance ivith Accounting and Reporting by Charities: Statement of Recommended Practice (appli¢able to charities preparillg Ibeir accounts in accordance ivith the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)) (issued in October 201 9) (Charifies SORP (FRS 102)). the Financial Reporting Standard applicable in the UK and Republic of treland (FRS 102) and tbe Companies Act 2006. BASIS ofpreparation Broomley Grange meels the definition of a public benefit enliiy under FRS 102. Assets and liabililies are initially rewgnised at historical cost or traMsa¢tion value unless otheniq￿ staled in the relevant accounting policy notes. Going concern The th]st¢es Consider that there are no material uncertainties about the charitys ability to continue as a goii)g concern nor any siJificanl areas of uThcertainty that affect the carrying iyalue of assels held by the charity. Exemptinn from preparing a cAsh flow ststement The charity opted to early adopt Bullelin I published on 2 February 2016 and have therefore not included a cash flow statement 171 these financial slatemenis. Income alld endowmenl$ All income is recognised once the chority has entitlement to the income, it is probabl¢ tbat thc income will be re¢¢ived and the amount of the itwme receivable can be measured r¢liably. Pag¢ 10 Broomley Grange Notes to the Financial Statements for the Year Ended 29 February 2024 Donalions and legacies Donations are recognised when Ilie charity has iKen notified in WTiting of both the amount and settlemenl date. In the event Ihat a donation is subject to conditions thal require a level of performaDce by the charity before tl charity is entitled Lo Ihe fi)nds, tbe income is deferred and not recognised until either tliose condilioDS are fully met, or the fulfilmenl of Ihose conditions is wholly ivithin the control of ihe charily and it is probable ihai ihese conditions will be fulfilled in the reporting period. Granis receivable Grants are recognised wh¢n th¢ charity has an entitlement to the funds and any conditions linked to the granls liave been rneL Where perforniance conditions are attached lo the granl aud are yet to be met, the income is Tecognised a5 a liabiliry and included on th¢ balance sheet as deferred income to be released. Deferred income Deferred income Tepresents amounis received for fulure periods and is r¢leased to incoming rebources iii the period for which, it ha5 bcen received. Such income is only deferred when: The donor specifies that the grant or donation M￿81 only be used in future accouniing periods, or The donor has imposed conditions which musi be mei before the ehaTity has unconditional enttileinenl. Expenditure All expenditure is recoBnised once there is a le8al or conslru¢iive obligation 10 Ihai expenditure, it is probable settlement is required and Ibe amounl can be measured reliably. All costs are allocaled lo ihe applicable expenditure heading that aggregaie similar eosts to (hat cai¢80ry. Ivhere Costs cannot be direcily atlribuled lo particular headings they have been allocated on a basis consistent wilb Ihe use of resources, with central staff costs allocated on the basis of time spenL and depreciatlOD charges allocaled on ihe portion of the asset's use. Other support costs are allocated based on the spread of slaff cosi5. CharEtabl£ llcljiyities Chartiable expenditure coinprises Ihosc costs incurred by the charity in the delivery of its aciivilies and services for lis beneficiaric5. It includes both costs thai can be allocated dire£tly to gu¢h aGtivilies and those costs of an indirect nature necessary lo support Ihem. Govtrnmcnt grAnts Government 8rants are recognised based on the accrual model and are measured at the fajr value of the asset rcccivcd or reccivablc. Grants are classified as relaiing either lo revenue or to assets. GraDls relating to revcDue are recognised in income over the period in whicli the related costs are Tecognised. Grants relatin8 to assets are recognised over ihe expected useful life of the asset. Where part of a grant relalinq to an asset is deferred. it is recognised as deferred income. Tax4tion The charity 15 consideied to pass the iests set out in Paragraph I Schedule 6 of tbe Finance Act 2010 and tberefore it meets the definition of a ch￿R￿61e cornpany for UK corporation tsx purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories ¢oi,-¢red by Chapter 3 Part I l of the Corporation Tax Act ?01 O or Section ?56 of the Taxation of Chargeable Gains Act 1992. to the extent that such income or 8ains are applied exclusively to charitable pu￿Oses. Pagell Broomle), Grange Notes to the Financial Statements for the Year Ended 29 February 2024 Tangible flxed assets Individual f￿ed assets costing £100.00 or more aTe iniiially recorded al cosl less any subsequent accumulated depreciation and subsequent accumulated impairment losses. DeprÉtiation and amortisation Depreciation is provided on langible fixed assets $0 as to 1vri￿ off the cost or valuation. less any estimated r¢sidual value. over theiT expected useful economi¢ life as follows.. Trgde debtors Trade debtors are amount5 due from customers for merchandis¢ sold or scrvices perfomicd in the ordinary course of business. Trade debtors are recognised initially at the transaclion priee. They are subsequenily measured at amonised Cost using tbe effective int¢resl method, less provision for impairnienl. A provision for the inipairmenl of trade debtors is eslablisbed wlien Iliere is objective evidence tha( the charity will not be able to colle¢l all amounls due occording to the original t¢rn)s of the receivables. Ca$b alld cash equlvalents Cash and cash equivalents cornprise cash on hand and call deposits, and other short-term bighly liquid investmenis that are readily convertible to a known amount of cash and subject to an insignific8ni risk of hang¢ in value. Trade ereditors Trade creditor8 are obligations to pay for goods or services that haTre b¢en acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the chariry does not have an unconditional righr, al the end of the reportlng period, to defer settlement of the creditor for at least tH'elve rnontl)s after the reporting date. If there is ali uncoiidilioi)al right lo defer seitlemeni for al least twelve months after the reporting date, they are prcscnted 8s non-cutTeni liabililies. Trade creditors are recogntsed initially at the transaction price and subsequently measured at amortised cost using the effectile interest method. Borroiylngs Interesl-bwing borrowings are initially recorded ai fair value, nel of transaction costs. Interesi-bearing borrowings are subsequently carried al amortised ¢osl. M'iih the dilTerence behveen the proceeds. nel of Iran5aclion costs. and the amount due on redemption being re¢ognised as a cl)arge to the Statemeni of Financial Activities over the p¢riod of the relevanr borrowing. Interest expense is recognised on the basis of the effethive inieresl method and is included in interest payable and similar charges. Bo￿0￿VIngS are classified as current liabililies unless tlie charity has an unconditional right to defer settlement of the liability for at least twelve months Mfter the reporting date. Fund stru¢¢ure Unrestricied income fijnds are general funds that are available for use at the I￿Stee5 disC￿tion in furtherance of the objeclives of the charity. Pa8¢ 12 Broomley Grange Notes to the Financial Statements for the Year Ended 29 February 2024 Designated funds are unrestricted funds set aside for specific pury)oses at the discretion of the trustees. 3 Income from donations and legacies Unrestricted funds Genergl Total funds Donations and legacies: Donations from indivjduals Grollls. including capitsl grdnts: Govemment grant5 5,454 5.454 2.000 2,000 Tot•1 for 2024 7.454 7,454 Tot41 for 2023 4.514 4.514 4 Taxation Tbe charity is a re8isiered charity and is therefore exempt from lax4tlOD. 5 Tangible flxed assets Furniture And equipment Total Cost At l March 2023 Addilions 86.270 5,100 86,270 5.100 At 29 Febniary 20?4 Depreciation At l Marcb 2023 Charge for the year 91,370 91,370 69,000 9,125 69.000 9,125 At 29 February 2024 78,125 78,125 Net book value Ai 29 February 2024 13,245 13.245 At 28 FebNary 2023 17,270 17.270 Page 13 Broomley Grange Notes to the Financial Statements for the Year Ended 29 February 2024 6 Debtors 2024 2023 Trdde debtors PTepaymenls Other debiors 960 3,436 5.869 207 4,?00 10.265 4,407 7 Cash gnd cash equivalent5 2024 2023 Casb at bank 29,671 28.821 8 Creditors: amounts falllng due wlthln one year 2024 2023 Bank loans Trade creditors VAT grant repayable Accruals Deferred income i 0,000 i 0,000 2,014 (114) 1,200 83 687 2.550 83 14.507 13.183 9 Credltors: amounts falling due after ont year 2024 2023 Bank loans 2?,494 10 Cornmitments CapAtg1 Commitments The total amount contracted for but not provided in ihe financial statements was £Nil (2023 - £Nil). Page 14 Broomley Grange Notes to the Financial Statements for the Year Ended 29 February 2024 11 Funds Balance at i March 2023 Incoming resources Resource5 expended Balance at 29 February 2024 Unrestrlcted funds General (12,055) 89,774 (70.029) (8.780 7.690 D¢signated 17.270 8.490 Total funds 89.774 (78,809 16,180 BAlance at I Marth 2022 Incoming resonrces Resour¢es eipended Bal*nee at 28 F¢bruRry 2023 Unrestrlcted funds General (2.862) 64.473 (73,666) {12,055) 17,270 DesIg￿ated 25.770 8,500 Total funds 22,908 64.473 (8? 166) 5,215 12 Anal)'sis of net assels bolween funds Unrestritted funds General Totql funds At 29 February 2024 Tangible fixed ass¢ Currenl assets CU￿¢llt liabilities Creditors over l year Totsl net assets 13,245 39.936 (14,507) (??.494) 16.180 13,245 39.936 (14,507) {22.494) 16,180 Unrestricted funds Gener21 Total funds 2t 28 February 2023 Tangible fixed assets Current assets Cui'rent liabililies Creditors over l year Totsl net assets 17.270 33228 (13,183) (32.100 17,270 33,228 (13,183) 32,100) 5.215 Page 15 Broomley Grange DetaiIed Statement of Financial Activities for the Year Ended 29 February 2024 Total 2024 Total 2023 Income and Endo)I ments from: Donations and legacies (analysed beloiv) Other trading activities (analysed below) Total incorne 7,454 82,320 4,514 59,959 89,774 64,473 ExperAdlthre on: Charitable activities (analysed beloiv) Total expendilure {78.809) (82,166) (78,809) (82,166) Nel ineomel(expenditure) 10,965 (17,693) Nel mov¢nieni in fijnds 10.965 (17,693) Reconcillatlon of funds Total funds brought fonv8rd Total funds carried forward 5.215 ??,908 16.180 This page does not fotm part of the statutory financial statemenis. Page 16 Broomley Grange Dctailed Statement of Financial Activities for the Year Ended 29 February 2024 Total 2024 Total 2023 Donalions and legacies Appeals and donailons Graols Reeeived 5.454 2,000 14 4.500 7,454 4.514 Oiher trrtdiiig activilies Accornmodation Ineome Catering Income Camplng Activities Income Other income 71,905 51,533 285 810 5.264 2.067 17 3.637 6.761 82.320 59,959 Charitable d¢tivilies Activities Costs Catering Expeiises Wages and salaries Staff Ntc (Employers) Staff pensions (Defined contribution) - pension scheme I Subconlracl cosl Ratcs Water rates Bionthss Costs Eleciriciry & Gas Insurance Repairs and renewals Grounds & Gmrden Telephone and fax Office expenses Printing, postage and staiionery Hire of plant and machinery (Spot htre) Hire of otl)er assets (Operating leases) Sundry expenses Cleaning Planl & machinery running costs Trustee reimbursements Accountancy fees Health & Safety Costs Lega] and professional fees Baiik charges (7,702) (7.365) (1.135) (1.828) (5.897) (13.116) (536) (332) {? 173) (3,?06) (648) (6.696) {10,341) (7,552) (4.370) (115) (1.162) (1.069) (58) (180) (3,080) (2.813) (12,927) (4,707) (5,637) (5.906) {1,332) (1.078) (753) (125) (540) (372) (3,231) (138) (5,997) (109) (?,096) {2.263) (1,024) (?.846) (98) (3,162) {2,235) (1.328) (2,096) (153) This page does noi fonn part of ihe statutory financial statements. Page17 Broomley Grange Detailed Statement of Financial Activities for the Year Ended 29 February 2024 Total 2024 Total 2023 Loan interest Depreciaiion of plant and machinery Depreciaiion of fixlurcs and fittings (1.341) (8,780) (345) (78.809) (482) (8,500) (82,166) This page does forni part of the statutory financial staiemenls. Page J8