.L ¥BROOMLEY •GRANGé Residential Outd(ior Activity Centre •1 ,,*yl'": Ay ' k*4 (P rus nnua epor ## 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 _____________________________________** 3 ## THE CHARITY ## TRUSTEES The names of the charity’s Trustees for the reporting year: Chair Alex K MacLennan – current. Vice chair- Steven R. V. Badger- current Ray Noble – treasurer – current Sharon L. McInerney – current Rhoderick Atkins – from Feb 25 Rachel Nyle- From Feb 25 current INTERIM MANAGER Mark Woodhouse SECRETARY Jane Anderson CHARITY NUMBER 1157688 ## REGISTERED OFFICE Broomley Grange, Hindley Road, Stocksfield, Northumberland, NE43 7RX ## INDEPENDENT AUDITOR Tyne Rede Accountancy ## BANKERS Barclays, 47-53 Northumberland St, Newcastle upon Tyne, Tyne, and Wear, NE1 7AF SOLICITORS VACANT Trustees Annual Report & Accounts # ANNUAL REPORT PRESENTATION # **BROOMLEY GRANGE RESIDENTIAL OUTDOOR ACTIVITY CENTRE** # **(A Charitable Incorporated Organisation)** ## **TRUSTEES’ REPORT** ## **FOR THE YEAR ENDED 28TH FEBRUARY 2025.** The Trustees present their annual report together with the audited financial statements of Broomley Grange (BG) from 1st March 2024 to 28th February 2025. 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) Trustees Annual Report & Accounts ## 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 lifelong 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. In the last 12 months maintenance of the house has been carried out and a number of inspections carried out to enable to trustees to start managing the risk management of the site in an orderly manner and carry out essential works. As part of this work has been conducted to the roof guttering, removal of dry root in one room on the ground floor and two rooms decorated and improved. Trustees Annual Report & Accounts ## THE GROUNDS Broomley Grange sits on twenty-two acres of natural woodland, activity space, and wildlife that the board of trustees has carefully managed. 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 four thousand trees have been planted across the site. Stopping grass cutting in small zones of the site has undertaken micro-scale rewilding this is yielding surprising early results with trees naturally colonizing the area, and an impressive array of plants and trees have naturally taken over the aera. 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. ## 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 and provision of Pods within the site to further enhance the outdoor experiences is planned during 2025. ## 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 cheerful outlook 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 Northeast England - 6) Phil Macharie outdoor skills - 7) Ruth Thompson Sylan Skills - 8) ITV1 “VERA” In the next 5 years, the Trustees hope to report more engagement from educational Trustees Annual Report & Accounts and community organisations, including more support from The Boys’ Brigade within the North of England. Trustees Annual Report & Accounts ## WHO IS USING OUR SERVICES? We collaborate 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 again over eight hundred 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 selfconfidence and social skills and improve their life skills. We 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. One of the highlights of the year was to host ITV1 “VERA” where the last ever episode was filmed at Broomley Grange, the cast and crew spent most of a week last June where the house was converted into a Children’s home called “Rosefall.” Furthermore, we have welcomed various groups of people in social, cultural, and recreational capacities to Broomley Grange for their continued well-being and development. Trustees Annual Report & Accounts ## CHARITY FINANCES ## FINANCIAL REVIEW It has continued to be challenging to plan improvements and develop our services. Our Centre has been putting in place good foundations to become sustainable in the future. This has not been easy with limited cashflow. The board's focus has been safeguarding the site from closure and start making improvements where possible with limited funds. This has been successful but has been limited to improving the basics and putting in place good governance to allow the charity to go forward. Although challenging times, the site has been well maintained (and further improvements made), and the house has maintained the standards of compliance required to operate, which, given the challenges, has been a testament to the challenging work of the trustees. Trustees have been successful in recruiting fresh staff member to support the day-today operations and further invest in the centre's indoor and outdoor facilities. This however falls into the 2025- 2026 annual report. ## 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 considering 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 ## 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 reelected 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. The Activity manager role during the year was filled by Mark Woodhouse (retired May 2025- more in next year’s report) Trustees Annual Report & Accounts ## 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) Sage UK - 4) The Boys’ Brigade North of England District and UK offices - 5) David Ballantyne Forestry - 6) Councillor Anne Dale - 7) Stewart Wardlow - 8) Seasalt staff Hexham branch - 9) Maggie Martin and Wild Women group - 10) Mark Woodhouse - 11) Forestry England - 12) ITV 1 “VERA” - 13) Northumbrian Water Company registration nuTnber'. CE002199 Charity registration Dumber: 1157688 Broomley Grange (A Charitable Incotporaled Organisation) Annual Report and Financial Statements for the Year Ended 28 February 2025 ACCA TYNEREDE ACCOtsNIANCY Broomley Grange Contents Reference and AdminTstralive Details Strategic Report Trnstees, Report 3to5 Independent Examinevs Report Statenient of Ftnancial Activities Balance Sheet Notes to the Fiiiancia] Statements 9t014 Broomley Grange Reference and Adrninistrative DetaiIs Charity Registration Number 1157688 Company RegistrAtion Number CE002199 The elwity is incorporated in England. Broomley Grange Hindley Road Stocksfield Northumberland NE43 7RX Registered O￿lee Independent Examiner Christopher Gillie FCCA Lloyds Bank House Bellingham Hexl)am Northumberland NE48 2BA Page I Broomley Grange Strategic Report for the Year Ended 28 February 2025 The trustees, who are directors for the Purposes of company law, Present their strategtc report for the y¢ar ended 28 February 2025, in ¢omplianc¢ with s414C of the Companies Act 2006. Financial revlew Policy oil reserv The board lias examined the charity's reserve requirements in light of Ilie main risks to the organisalion. It has established a policy whereby the unrestricted fim(L8 not committed by the charity should be between 3 to 4 months of expenditLire. The resC￿eS are needed to meet lh¢ working capital requirements of the charity, and the board is confident that al this level. they would be able to continue in the event of a significani drop in income. We also hold additional funds to Cover nllming costs during winter when bookings are liinited ￿)d lo meet any unplanned maiiitenance work. The reserves inust be reviewed annually to meet ihe charity's working needs. Principdlfiiiidiiig,fources Our principal income is deni'ed from the fees we charge for ihe ¢ourses and 8¢tivities we provide for the yowig people both on-site at Broomlcy Grange and off-siie around ihe region. As mcntioiied earlier in this review, we try lo keep our fees as reasoiiable as possible to ensure Iliat cost is not a barrier, the result of which is tlial we need to fvndraise for any capital expeildi￿re we wish lo uiidertake. Tliis is done by running addilioiial events during the quieter periods aiid applying lo charitable Irusis. JnvestDieiifpolicy aiid objeclives Aside from retaining a prudent amount in reserves each year, most chariry fvn(ts are lo be spent in the short tem], so tliere are no fvnds for longei-iern] investment. The stra¢egic report was approved by th¢ trust¢¢s of th¢ oharity on .a. o.loil.a.%nd S1￿cd on ils behalf by: A K MacI¢m￿n Trustee Page 2 Broomley Grange Trustees, Report The tn￿tees, who are directors for the purposes of company law. preseni the annual reporl together with the rTnancial slatements of Ihe charitable company for ihe year ended 28 February 2025. Obj¢etiv¢s 2nd activities Objects and aiiiis Our charity aims and pury)oses. as set out in our constitution. are: To act as a resource for the Boys, Brigade and young people by providing advice. a5Sl5tance, and organising progrdmmes of physical, educational, and oiher aclivities as a rneans of- _ a) Enhancing their recreational and leisure time activities in the interest of social welfare designed lo improv¢ Ihcir conditions of life. b) Advancing in life and developing iheir skills, capabililies. and capacities lo enable them to participate in society as indcpcndcnl, n)alure, and responsible individuals. c) Advancing 11)eir edu¢ation Public beiiefil All our charitable a¢livities focus on developing and delivering programmes designed to enhance the life skill5, capabilities, and capacities of Ihe youiig people we work with. By su¢¢essfvlly facing up to challenges thai only outdoor aeiivities can provide and overcoming fears and apprelieiisions along the way. young p¢opl¢ make major strides in confidence that can stay wilh ihem Ihrougl)out their lives. Parlicipaiion iii excilins and enjoyable outdoor aclivilies reii)forees a positive attilude lo educalion, contributes towards health and fiiness, ai)d encourages the maintenance of a healthy lifestyle. T]ie Trustees have worked to diversify the range of public groups iising the centre to iinprove eominunity relations and ensure that fvrther cash flow Can bc supplemented to uphold charitable objectives. Somc notable usages are: l) Northumberland County c￿ncil 21 Thc Boys Brigade 31 Wild Woman's Festival 41 Bike4H¢alth 5) CISV North East England In the next 5 years, the TTUStees hope to report more engagement from edu¢aiional and community organisations, including more support from The Boys. Brigade within ihe North of England. The trustees confim that they have Complied wilh the requiremeiits of section 17 of tlie Charities Act 2011 to have due regard to the publtc benefii guidance publislied by the Charity Commission for England ai)d Wales. Page 3 Broomley Grange Trustees, Report Trustee5 and officers The trustees and officeTS serving duTing the yvdr and Since the year end were as follows: Trustees.. A K Maclennan S R V Badger S L Mclnerney (appointed 29 July 2024) R Noble E Hepplewhite (appointed 4 February 2025) R Nye (appointed 17 Marcli 2025) W R Atkins (appointed 17 March 2025) Structure? governance and management Financial instruments Objéerlves andpolicies The charity's activities expose il lo a number of financial risks includitl8 credit risk, cash tlow risk and liquidity risk The use of financial derivatives is governed by the clwity's policies approved by the board of IrJsiees, wliich Provide writleii principles on ihe use of finailcial derivatives to manage ihese risks. The ¢harily does iiot use derivative financial instruments for speculative purposes. Casliflow risk The charity's aclivities expose it primarily io the financial risks of chaiiges iii foreigii currency exchaiige rates and inlerest rates. The charity uses foreign exchange fonvard contracts and interest rate swap contr8¢ts to hedge these exposures. Interesi bearing assets and liabililies are held ai fixed rate to ensure certainty of casli flows. Credit n'sk The charity's principal financial assels are bank balan¢¢s aiid Cash, trnde and other receivables, and inveslmenls, The charity's credit risk is primarily attributable to its trade receivables. The amounts presented in the balaiice sl)¢¢t are net of allowances for doubtful Tcccivables. Ali allowance for impairmeiit is made ivliere there is an idenlifT¢d loss event which, based on previous exp¢rien¢¢. is evidence of a reduction in the recovernbility of the cash flows. The credit risk on liquid funds and derivative financial instruments is limiied because the counterparties are banks with liigh ¢red?l-rdlings assigned by intemalional credil-rating agencies. The charity has no significant concentration of credit risk. with ex￿SUre spread over a large number of ounterparties and customers. Liquidity? risk In order to maintain liquidity to ensure that sufficient fimds are available for ongoing operations and future developments, the charity uses a mixture of long-term and short-temi debt fiilance. Fiirtlier details regarding liquidity risk can be found in the Statement of accounting policies in the financial statements, Page 4 Broomley Grange Trustees, Report Statement of Trustees, Responslbilitles The truste&g (who are also the directors of Broomley Grdnge for the pu￿OseS of company law) are respoi)sibl¢ for preparinE tlie trustees, report and the financial statements in accordaiice with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Prdctice) and appllcable law and regulations. Company law requires tbe trustees ￿ P￿pare financial statements for each financial year. Under company law tlie trustees must not approve the financial statements unless they are satisfied that Iliey give a Irue and fair view of Ilie state of affairs of the charilable company and of its incoming resources and application of resources, including ils income and expeiiditure, for thal period. In preparing these financial statements, Ilie Irusiees are required 10- select suitable accounting policies and apply them consistently; observe tlie meiliods and principles in the ChaTities SORP: make judgements and estimates that are reasonable and prudenl; state whether applicable UK A¢¢ounling Standards h8ve be¢n followed, subject to any material depJrtuiEs disclosed and explatned in the financial stalemenls. and prepare tlie finaiicial staleinenls on Ihe going concern basis unless li is inappropriate to presume that ihe cliaritable company will continue in busines5. The trustees are responsible for keeplng adequate accounting records that are suffjeient to show and explain the charitable company's transactions and disclose wilh reasonable accwacy al any time the financial position of Ihe chariiable company and enable them io eiisure thal Ihe fiiiancial statements comply with the Companies Act 2006. Tliey are also responsible for safeguarding the assels of the charitable company and hence for takiiig reasoiiable Steps for die prevenEion and deieciion of fraud and other iNegularities. The attnu81 r¢port was approved by tlie tTuslees of the charity 01120104J2S and signed oi) its behalf by: A K Maclennan Trnslee Page 5 Broomley Grange Independent Examiner's Report to the trustees of Broomley Grange ("the Company") I report lo the charity trustees on my examination of ihe accounts of the Company for the year ended 28 February 2025. Responsibilitie5 and basis of report As the charity's In￿tee$ of the Company (and also its directors for the purposes of company law) you a responsible for the preparation of the accounts in accordance with Ihe requirements of the Companies Act 2006 ('the 2006 Act.). Having satisfied myself iliat the accounts of Broomley Grange are Thot required to be Audited under Part 16 of the 2006 Act and are eligible for independent examii)ation. I report in respect of niy exaniination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('tlie 2011 Act.). In cnrying out niy examination I have followed the Directions given by the Cliarity Commission under se¢iion 145(5)(b) of the 2011 Act. Independent examiner's statement I have completed my examination. I confirn) that no matters Iiave Come to my attention in connection with the exaniination giving me cause to belleve: l. accounting records were not kept in respect of Broomley GTange as required by s¢¢tion 386 of tl)e 2006 2. the accounts do not accord with those records; or 3. the accounts do not comply with ihe accounting requirements of scclion 396 of the 2006 Act otl)er than any requirement thai the accounts give a .tn￿ and fair vic￿ whi¢l) is not a malter considered as part of an independenl cxamTnalion: or 4. the aeeouiils have not b¢en prepared in accordance wilh ihe methods aiid priiiciples of the Statement of Re¢ommei)ded Practice for a¢counling and reporting by cl)ariiies [appli¢able lo cliarilies prepariiig Ilieir accounts in accordance with the Financial Reporting Staiidard appli¢able in 11)e UK aiid Rcpublic of Ireland (FRS 102)]. I have no Concerns and have Come across no other matters in connection with the cxamination to which attention should be drawn iii ihis report in order lo enable a proper understanding of ihe a¢¢ouiits lo be reached. Christopher Gi FCCA ie Lloyds Bank House Belliiigham Hexham Northumberland NE48 2BA Date: Page 6 Broomley Grange Statement of Financial Activities for the Year Ended 28 February 2025 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses) Unrestrictod funds Tot21 2025 Note Income and Endowment5 from: Donations and I¢Eacies Other trading activities 91.453 91.453 Total income 92,564 92,564 Expendlture on.. Charitable activilies (88,620) 188,6201 Total expenditure 188.620) 88.620) Net income 3,944 3,944 Net movement in hnds 3,944 3,944 Reconciliation of funds Total ￿ndS brought forward 16.180 16.180 Total funds carried forward 20.124 Unre5tri£ted funds 20.124 Total 2024 Note Income and Endowments from: Donations aiid legacies Other trading activities 7.454 82.320 7,454 82,320 Total incorne 89.774 89,774 Expendlture on: Charitable activities (78,809) (78,809) Total expenditure Net income (78,809) (78.809) 10,965 10.965 Net movement in funds 10,965 10,963 Reconciliation of funds Total fund5 brought forward 5.215 5.215 Total fund5 carried fonvard 16.180 16.180 All of the cl)arity'S activities d¢riv¢ from continuing operations during the above two periods. The funds breakdown foT 20?4 is shown in note I l. The notes on pages 9 to 14 fonn an integral part of these financial slalernents. Page 7 Broomley Grange (Registration number: CE002199) Balance Sheet as at 28 February 2025 2025 2024 Note Fixed assets Tangible assets 5,749 13,245 Currtnt assets Debtors Cash at bank and in hand 10,410 28,709 10,265 29,671 39,119 39,936 Creditors: Amounts falling due ivithin one year (12.250) (14.507) Net current assets 26,869 25.429 Total A$sets less ¢urr¢nt liabllltles 32.618 38,674 Creditors: Amourtts falling due after more than one year Net assets (12,494) (22,494) 16,180 20,124 riunds of the charity: Unrestricted incom¢ funds Ui)reslrici¢d funds 20,124 16.180 TotAI funds 20,124 16.180 For the financial year ending 28 FebNary 2025 the charity was entitled to exemption from audit linder section 477 of the Companies Act 2006 relating 10 small companies. Dire¢tors' responsibililies- The members have not required the charity lo obiain an audit of its accounts for the year in quesiion in a¢cordaiice with seetion 476; and Th¢ dire¢tors acknowledge thcir rcsponsibilitics for complying with Ihe requirements of the Act with respect to o¢¢ounting records and the preparation of accounts. The finaiicial slaleinents on pages 7 to 14 were approved by the tTUStees. and autlioriscd for issue on aQ).IQI.J&Sand signed on tlieir behalf by: A K Maclennan T￿5¢¢¢ The notes on pages 9 to 14 fonn an integrdl part of th¢5e financial slalem¢nts. Page 8 Broomley Grange Notes to the Financial Statements for the Year Ended 28 February 2025 I Charity status The charity is limited by share ¢apitsl. incorporated in England. The address of its registered office is.. Broomley Grange Hindley Road Stocksfield Northumberland NE43 7RX 2 Aceounling policies Summary of slgnificant accountlng poll¢les and key acco￿￿tIng e$timAt The principal accounting policies applied in ihe preparation of these financial stal¢in¢nts are s¢1 out below. These policies have been consistently applied to all the years presented. unless othenvise stated. Statement of compliance Tlle finan¢tal statemenls have been prepared in accordance with Accounling and Reporting by Charilies: Stalenient of Recommended Practiee (applicable to ¢liarilies preparing their accouiils in accordance with the Fii)ancial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)) (issued in O¢lober 2019) (Cl)arilies SORP (FRS 102)), the Financial Reporting Siaiidard applicable in the UK and Republic of Ireland {FRS 102) and the Companies Act 2006. BASIS of prepAration Broomley Grange meets the definition of a public benefit entity under FRS L02. Assets and liabilities are initially recognised at historical cost or tran￿ellOtt value unles5 otherwise stated in the relevant accounting policy notes. Coing concern The trustees consider that there are no material un¢eriainties about the charity's ability to continue as a going concern nor any significant areas of uncertainty thal alT¢ct the carying value ofassets lield by the cl)arity. Exemption from preparing a cash flow statement Tlie charity opled to early adopt Bulletin I published on 2 February 2016 and have thereforc not included a cash flow statem¢nt An these financial slatements. Income and endoivments All iiicome is recognised once the cbarity has entitlement io the income, it is probable that the iticome will be received aThd the amounl of the income receivable can be measured reliably. Donations and legacies Donations are recognised when the charity has been nolified in writing of both the amount and settlement date. tn the event that a donation is subject to conditions that require a level of perforn]ance by the charity before the charity is entitled to Ihe fimds, the income is deferred and not recogni5ed until either ihose conditions are fully met, or the fulfilnienl of those conditions is wholly within the control of the cliarity &nd It is probable that t]iese conditions will be fulfilled in ihe reporting period. Page 9 Broomley Grange Notes to the Financial Statements for the Year Ended 28 February 2025 Graizls receivable G[￿ltS air recognised when the chayity has entitlement to Ihe funds and any Colldilions linked to tbe ￿a1)IS have been mel. Where perfonnance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance Sheet as deferred income lo be released. Deferred iiicoiNe Defe￿ed income represents amounts reeeived foT future periods and is released to ineoming resources in the period for which, it has been received. Such income is only deferred when.. The donor specifie5 that the grant or donation must only be used in future accoujiling periods. or The donor has imposed coiidilions which must be mei before the cl]arity has unconditioiial ¢ntitl¢meni. Expenditure All expenditur¢ is r¢¢ognised once tbere is a legal or conslnlclive obligation to thai eXpendI￿re. li is PTobable settleinent is required and t1￿ amouni Can be measured reliably. All costs are allocated to Ilie applicable expenditure heading that aggregate similar costs to that category. Wliere costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with thc usc of resources, with central staff costs allocated on the basis of time spent. and depreciation charges allocated on the portion of the asset's use. Other support costs are allocated based on the spread of costs, Cliarifable aclivities Charitable expenditure comprises those Costs Incu￿ed by Ihe charity in the delivery of ils activities and serviLes for its beneficiaries. It includes both costs ihal Can bc allocated directly to such activities and those ¢osls of an indirect iiattire necessary to support them. Government grants Governmeiit granis are recognised based on tlie accwal model and are nieasured at the fair value of the asset received or receivable. Grants are classified as relating eitlier to reveiiue or to assets. Graiils relaiing lo revenue are recogiiised in income over Ilie period in wliich the related costs are re¢ognised. Grants relating to asseis are r¢cogiiised over the expected useful life of Ilie asset. Wliere part of a gran¢ relaling to an assel is def¢￿ed, il is recogjiised as defeffed in¢ome. Tr4X4tion The Charity is considered io pass tbe tests set out in Paragraph I Schedule 6 of ihe Finan¢¢ Act 2010 and Ihercfore it nieets the definition of a charitable company for UK corporalion lax purposes. Accordingly, the harity is poteIitially exempt from taxation in respeci of in¢orne or capital gains received within categories covered by Chapter 3 Part I l of the Corporaliojj Tax Act 2010 or Section 256 of the Taxaiion of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes. Tanglble fixed Assets Individual fixcd assets costing £ l (K).00 OT more are initially recorded al cost. Depreclatlon and amortisation D¢preciatxon is provided on langible fjxed assets so as to write off the cost or valuation, less any estimated residual value. over tbeir expected useful economic life as folloM's- Page 10 BroomEey Grange Notes to the Financial Statements for the Year Ended 28 February 2025 Trade debtors Trade debtors are arnounts due from customern for merchandise sold or services perfonned in the ordinary Course of business. Trade debtors are recognised initially at the transadion price. They are subsequently measured at amortised cost using the effective interest tnetbod. less provision for impairnient. A provision for the impairnient of trade debtors is established when there is objective evidence that the charity will not b¢ able to collect all amounts due according to the original lern)s of the receivables. Cash and cash equlvalents Cash and cash equivalents comprise cash on hand and call deposiis. and other short-tenn highly liquid iiivestmenls that are readily Convertible to a known amount of cash and ar¢ subje¢t to an insignificant risk of change in valu¢. Trade creditors Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are Classified as ¢utrent liabilities if the charity does iiot hav¢ an uiiconditional right, at ihe end of the reporting period. lo defer settlement of Ihe creditor for at least Iwelve moi)ths after the reportiiig date. If there is an uilconditioi￿l right to defer settlement for al least Nvelve months afier the reporting date, they are presented as noii-curreiit liabilifies. Trade creditors are recognised initially at the Iransa¢lion price and subsequently ineasured at amortised cost using tlie effective interest meihod. Borroivlngs Interest-bearing borrowings are initially recorded at fair value, net of ITansa¢tion costs. Interest-bearing bo￿owing5 are subscqiiently carried ai amonised cost. wilh the difference belween the proceeds. net of transa¢tioii costs, aiid ihe amount due on redemption being recognised as a charge to tbe Staiement of Fill￿1claI Activities over the period of the relevant bormwing. Interest expense is recognised on the basis of Ihe effective interest method and is in¢luded in ii)terest payable and similar charges. BorrowinBS are classified as Cu￿ent liabilities unless tlie charity has an unconditional ri¥ht to defer settleinent of the liability for al least twelve months aft¢r thc rcporting dai¢. Fund structure Unrestricted income funds arc g¢neral funds that are available for use at the tDJStees discretion in furtherance of the objectives of the charity. Designated fund5 are unrestricted funds set aside for specific purposes at ihe discretion of tlie tNstees. Page 11 Broomley Grange Notes to the Financial Statements for the Year Ended 28 February 2025 3 Income from doDation5 and legacies Unrestrleted funds Ceneral Total funds Donations and legacies: Donations frotn tndividuals Total for 2025 Total for 2024 7,454 7.454 4 Taxation The cl)arity is a regisEered chaTity and is therefore exempt from taxation. 5 Tangible fjxed assets Furnlture and equiprnent Total C05t At l March 2024 Additions 91,370 1,831 91.370 1,831 At 28 Febrnary 2025 93,?01 93.201 Depreei*tlon At l March 2024 Char8e for Il)e year At 28 Febrnary 2025 78,125 9,327 78,125 9,327 87,452 87,452 Net book value Ai 28 February 2025 5.749 5.749 Ai 29 February 2024 13.245 13,245 Page l2 Broomley Grange Notes to the Financial Statements for the Year Ended 28 February 2025 6 Debtors 2025 2024 Trade debtors Prepayments Other debtors 960 3,436 5.869 8,909 1.501 10,410 10,265 7 Cash and Cash equli'alents 2025 2024 Cash at bank 28,709 29,671 8 Creditors: amounts falling due within one year 2025 2024 Baiik loans Trade creditors VAT granl repayable Accruals Deferred income 10.000 1,580 {1,330) 2,000 i 0.000 1,187 687 2,550 83 12,250 14,507 9 Creditors: llmounts falling due after one year 2025 2024 B&llk loans 12.494 22.494 l O Commitments CApital commitments The total arnoiint contracted for but not provided in the financial statements was £Nil (2024- £Nil). Page 13 Broomley Grange Notes to the Financial Statements for the Year Ended 28 February 2025 11 Funds Balance at I March 2024 Incoming resourees Resource5 expended Balance at 28 February 2025 Unrestrieted funds Gener81 (1,090) 92,564 (79,704) 11,770 Designated l7,270 (8,916) 8.354 Total funds 16,180 92.564 (88.620) 20.124 Balance at I MArth 2023 Incoming resources Resources expended Balance Rt 29 February 2024 Unrestricted funds General (12,055) 89.774 (70.029) 7.690 Designaled 17.270 {8,780) 8,490 Total funds 5,215 89,774 {78,809) 16,180 J2 An*lysi$ of net Asset$ bern'een funds Unre5trl¢ted funds General Total funds at 28 Februsry 2025 Tangible fixed assets CU￿ellI assets Current liabilities Creditors over l year 5.749 39,119 (12.250} (12,494) 5,749 39,119 (12.250) (12.494) Total net assets 20.124 20,124 Unrestricted funds General Total funds at 29 February 2024 Tangible fixed assets Current assets Current liabilities ereditors over l year 13.245 39.936 (14.5071 {22,494) 13,245 39.936 {14,507) {22,494) Total net assets 16.180 16,180 Page 14 Broomley Grange Detailed Statement of Fftnancial Activities for the Year Ended 28 February 2025 Total 2025 Total 2024 Income and Endowments from: Donations and legacies (analysed below) Oiher trading aciivities {analysed below) Total iiicome I,iii 91,453 7,454 82,320 92,564 89,774 Expenditure on: Charitable activities (analysed below) Total expenditure Net incom¢ (88,620) (78.809) (88.620) (78,809) 3.944 10.965 N¢t movement in funds 3.944 10.965 Reconciliation of funds Total funds brought forward Total funds Carried forward 16.180 S.215 20.124 16.180 This page does not forni parl of the statutory financial statements. Page L5 Broomley Grange Detailed Statement of Fanancial Activities for the Year Ended 28 February 2025 Total 2025 Total 2024 Donalioiis and legacies Appeals and donations Grants Received 5,454 2.000 7.454 Oilier tradiiig octivilies Accomrnodalion liicome Camping A¢livilies Incoine Other income 60.564 .506 783 28,600 71,905 17 3.637 6,761 91,453 82,320 Clioritable a¢livlÉles Activitie5 Costs CateriT)g Expenses Wages and salaries Subcontraci cost Rates Water rates Biomass Costs Eleclricity & Gas Iiisurance Repairs and reiiewals Grounds & Garden Telephone and fax Office expenses Printin8, Postage and slaiioncry Hire of plant and machinery (Spol hire) Sundry expenses Cleaiiing Plant & Inachinery Tunning costs Trustee r¢iTnbuTs¢rnen15 Travel and subsistence Advertising A¢¢ounlancy fees Health & Safety Costs Legal and professlonal fees Bank cliarges Loan interest Other interest payable (1,245) (7,515) (7,702) (7,365) (1,135) (2.173) (3,206) (648) (6,696) (10,341) (7.552) (4,370) (115) (1.162) (1,069) (58) (180) (138) (5,997} (109) (2,096) (8.845) (2,868) (1,122) (13,297) (8.560) {7.029) (7,212) (4,599) (1,231) (1,974) (ioo) (5,808) (1,114) (3.154) (16) (2,700) (35) (2.263) (1,024) (2.846) (98) (1.341) (100) (698) {71} This page does not forni paTt of the statutory flnancial staiements. Page 16 Broomley Grange Detailed Statement of Financial Activities for the Year Ended 28 February 2025 Total 2025 Tot*1 2024 Depreciation of plant and macl)inery Depreciation of fixiures and fittings Depreciation of office equipment (8,916) (293) (118) {8,780) {345) (88.620) (78.809) This page doe5 not form part of the stalutory financial statements. Page 17 Company registration nuTnber'. CE002199 Charity registration Dumber: 1157688 Broomley Grange (A Charitable Incotporaled Organisation) Annual Report and Financial Statements for the Year Ended 28 February 2025 ACCA TYNEREDE ACCOtsNIANCY Broomley Grange Contents Reference and AdminTstralive Details Strategic Report Trnstees, Report 3to5 Independent Examinevs Report Statenient of Ftnancial Activities Balance Sheet Notes to the Fiiiancia] Statements 9t014 Broomley Grange Reference and Adrninistrative DetaiIs Charity Registration Number 1157688 Company RegistrAtion Number CE002199 The elwity is incorporated in England. Broomley Grange Hindley Road Stocksfield Northumberland NE43 7RX Registered O￿lee Independent Examiner Christopher Gillie FCCA Lloyds Bank House Bellingham Hexl)am Northumberland NE48 2BA Page I Broomley Grange Strategic Report for the Year Ended 28 February 2025 The trustees, who are directors for the Purposes of company law, Present their strategtc report for the y¢ar ended 28 February 2025, in ¢omplianc¢ with s414C of the Companies Act 2006. Financial revlew Policy oil reserv The board lias examined the charity's reserve requirements in light of Ilie main risks to the organisalion. It has established a policy whereby the unrestricted fim(L8 not committed by the charity should be between 3 to 4 months of expenditLire. The resC￿eS are needed to meet lh¢ working capital requirements of the charity, and the board is confident that al this level. they would be able to continue in the event of a significani drop in income. We also hold additional funds to Cover nllming costs during winter when bookings are liinited ￿)d lo meet any unplanned maiiitenance work. The reserves inust be reviewed annually to meet ihe charity's working needs. Principdlfiiiidiiig,fources Our principal income is deni'ed from the fees we charge for ihe ¢ourses and 8¢tivities we provide for the yowig people both on-site at Broomlcy Grange and off-siie around ihe region. As mcntioiied earlier in this review, we try lo keep our fees as reasoiiable as possible to ensure Iliat cost is not a barrier, the result of which is tlial we need to fvndraise for any capital expeildi￿re we wish lo uiidertake. Tliis is done by running addilioiial events during the quieter periods aiid applying lo charitable Irusis. JnvestDieiifpolicy aiid objeclives Aside from retaining a prudent amount in reserves each year, most chariry fvn(ts are lo be spent in the short tem], so tliere are no fvnds for longei-iern] investment. The stra¢egic report was approved by th¢ trust¢¢s of th¢ oharity on .a. o.loil.a.%nd S1￿cd on ils behalf by: A K MacI¢m￿n Trustee Page 2 Broomley Grange Trustees, Report The tn￿tees, who are directors for the purposes of company law. preseni the annual reporl together with the rTnancial slatements of Ihe charitable company for ihe year ended 28 February 2025. Obj¢etiv¢s 2nd activities Objects and aiiiis Our charity aims and pury)oses. as set out in our constitution. are: To act as a resource for the Boys, Brigade and young people by providing advice. a5Sl5tance, and organising progrdmmes of physical, educational, and oiher aclivities as a rneans of- _ a) Enhancing their recreational and leisure time activities in the interest of social welfare designed lo improv¢ Ihcir conditions of life. b) Advancing in life and developing iheir skills, capabililies. and capacities lo enable them to participate in society as indcpcndcnl, n)alure, and responsible individuals. c) Advancing 11)eir edu¢ation Public beiiefil All our charitable a¢livities focus on developing and delivering programmes designed to enhance the life skill5, capabilities, and capacities of Ihe youiig people we work with. By su¢¢essfvlly facing up to challenges thai only outdoor aeiivities can provide and overcoming fears and apprelieiisions along the way. young p¢opl¢ make major strides in confidence that can stay wilh ihem Ihrougl)out their lives. Parlicipaiion iii excilins and enjoyable outdoor aclivilies reii)forees a positive attilude lo educalion, contributes towards health and fiiness, ai)d encourages the maintenance of a healthy lifestyle. T]ie Trustees have worked to diversify the range of public groups iising the centre to iinprove eominunity relations and ensure that fvrther cash flow Can bc supplemented to uphold charitable objectives. Somc notable usages are: l) Northumberland County c￿ncil 21 Thc Boys Brigade 31 Wild Woman's Festival 41 Bike4H¢alth 5) CISV North East England In the next 5 years, the TTUStees hope to report more engagement from edu¢aiional and community organisations, including more support from The Boys. Brigade within ihe North of England. The trustees confim that they have Complied wilh the requiremeiits of section 17 of tlie Charities Act 2011 to have due regard to the publtc benefii guidance publislied by the Charity Commission for England ai)d Wales. Page 3 Broomley Grange Trustees, Report Trustee5 and officers The trustees and officeTS serving duTing the yvdr and Since the year end were as follows: Trustees.. A K Maclennan S R V Badger S L Mclnerney (appointed 29 July 2024) R Noble E Hepplewhite (appointed 4 February 2025) R Nye (appointed 17 Marcli 2025) W R Atkins (appointed 17 March 2025) Structure? governance and management Financial instruments Objéerlves andpolicies The charity's activities expose il lo a number of financial risks includitl8 credit risk, cash tlow risk and liquidity risk The use of financial derivatives is governed by the clwity's policies approved by the board of IrJsiees, wliich Provide writleii principles on ihe use of finailcial derivatives to manage ihese risks. The ¢harily does iiot use derivative financial instruments for speculative purposes. Casliflow risk The charity's aclivities expose it primarily io the financial risks of chaiiges iii foreigii currency exchaiige rates and inlerest rates. The charity uses foreign exchange fonvard contracts and interest rate swap contr8¢ts to hedge these exposures. Interesi bearing assets and liabililies are held ai fixed rate to ensure certainty of casli flows. Credit n'sk The charity's principal financial assels are bank balan¢¢s aiid Cash, trnde and other receivables, and inveslmenls, The charity's credit risk is primarily attributable to its trade receivables. The amounts presented in the balaiice sl)¢¢t are net of allowances for doubtful Tcccivables. Ali allowance for impairmeiit is made ivliere there is an idenlifT¢d loss event which, based on previous exp¢rien¢¢. is evidence of a reduction in the recovernbility of the cash flows. The credit risk on liquid funds and derivative financial instruments is limiied because the counterparties are banks with liigh ¢red?l-rdlings assigned by intemalional credil-rating agencies. The charity has no significant concentration of credit risk. with ex￿SUre spread over a large number of ounterparties and customers. Liquidity? risk In order to maintain liquidity to ensure that sufficient fimds are available for ongoing operations and future developments, the charity uses a mixture of long-term and short-temi debt fiilance. Fiirtlier details regarding liquidity risk can be found in the Statement of accounting policies in the financial statements, Page 4 Broomley Grange Trustees, Report Statement of Trustees, Responslbilitles The truste&g (who are also the directors of Broomley Grdnge for the pu￿OseS of company law) are respoi)sibl¢ for preparinE tlie trustees, report and the financial statements in accordaiice with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Prdctice) and appllcable law and regulations. Company law requires tbe trustees ￿ P￿pare financial statements for each financial year. Under company law tlie trustees must not approve the financial statements unless they are satisfied that Iliey give a Irue and fair view of Ilie state of affairs of the charilable company and of its incoming resources and application of resources, including ils income and expeiiditure, for thal period. In preparing these financial statements, Ilie Irusiees are required 10- select suitable accounting policies and apply them consistently; observe tlie meiliods and principles in the ChaTities SORP: make judgements and estimates that are reasonable and prudenl; state whether applicable UK A¢¢ounling Standards h8ve be¢n followed, subject to any material depJrtuiEs disclosed and explatned in the financial stalemenls. and prepare tlie finaiicial staleinenls on Ihe going concern basis unless li is inappropriate to presume that ihe cliaritable company will continue in busines5. The trustees are responsible for keeplng adequate accounting records that are suffjeient to show and explain the charitable company's transactions and disclose wilh reasonable accwacy al any time the financial position of Ihe chariiable company and enable them io eiisure thal Ihe fiiiancial statements comply with the Companies Act 2006. Tliey are also responsible for safeguarding the assels of the charitable company and hence for takiiig reasoiiable Steps for die prevenEion and deieciion of fraud and other iNegularities. The attnu81 r¢port was approved by tlie tTuslees of the charity 01120104J2S and signed oi) its behalf by: A K Maclennan Trnslee Page 5 Broomley Grange Independent Examiner's Report to the trustees of Broomley Grange ("the Company") I report lo the charity trustees on my examination of ihe accounts of the Company for the year ended 28 February 2025. Responsibilitie5 and basis of report As the charity's In￿tee$ of the Company (and also its directors for the purposes of company law) you a responsible for the preparation of the accounts in accordance with Ihe requirements of the Companies Act 2006 ('the 2006 Act.). Having satisfied myself iliat the accounts of Broomley Grange are Thot required to be Audited under Part 16 of the 2006 Act and are eligible for independent examii)ation. I report in respect of niy exaniination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('tlie 2011 Act.). In cnrying out niy examination I have followed the Directions given by the Cliarity Commission under se¢iion 145(5)(b) of the 2011 Act. Independent examiner's statement I have completed my examination. I confirn) that no matters Iiave Come to my attention in connection with the exaniination giving me cause to belleve: l. accounting records were not kept in respect of Broomley GTange as required by s¢¢tion 386 of tl)e 2006 2. the accounts do not accord with those records; or 3. the accounts do not comply with ihe accounting requirements of scclion 396 of the 2006 Act otl)er than any requirement thai the accounts give a .tn￿ and fair vic￿ whi¢l) is not a malter considered as part of an independenl cxamTnalion: or 4. the aeeouiils have not b¢en prepared in accordance wilh ihe methods aiid priiiciples of the Statement of Re¢ommei)ded Practice for a¢counling and reporting by cl)ariiies [appli¢able lo cliarilies prepariiig Ilieir accounts in accordance with the Financial Reporting Staiidard appli¢able in 11)e UK aiid Rcpublic of Ireland (FRS 102)]. I have no Concerns and have Come across no other matters in connection with the cxamination to which attention should be drawn iii ihis report in order lo enable a proper understanding of ihe a¢¢ouiits lo be reached. Christopher Gi FCCA ie Lloyds Bank House Belliiigham Hexham Northumberland NE48 2BA Date: Page 6 Broomley Grange Statement of Financial Activities for the Year Ended 28 February 2025 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses) Unrestrictod funds Tot21 2025 Note Income and Endowment5 from: Donations and I¢Eacies Other trading activities 91.453 91.453 Total income 92,564 92,564 Expendlture on.. Charitable activilies (88,620) 188,6201 Total expenditure 188.620) 88.620) Net income 3,944 3,944 Net movement in hnds 3,944 3,944 Reconciliation of funds Total ￿ndS brought forward 16.180 16.180 Total funds carried forward 20.124 Unre5tri£ted funds 20.124 Total 2024 Note Income and Endowments from: Donations aiid legacies Other trading activities 7.454 82.320 7,454 82,320 Total incorne 89.774 89,774 Expendlture on: Charitable activities (78,809) (78,809) Total expenditure Net income (78,809) (78.809) 10,965 10.965 Net movement in funds 10,965 10,963 Reconciliation of funds Total fund5 brought forward 5.215 5.215 Total fund5 carried fonvard 16.180 16.180 All of the cl)arity'S activities d¢riv¢ from continuing operations during the above two periods. The funds breakdown foT 20?4 is shown in note I l. The notes on pages 9 to 14 fonn an integral part of these financial slalernents. Page 7 Broomley Grange (Registration number: CE002199) Balance Sheet as at 28 February 2025 2025 2024 Note Fixed assets Tangible assets 5,749 13,245 Currtnt assets Debtors Cash at bank and in hand 10,410 28,709 10,265 29,671 39,119 39,936 Creditors: Amounts falling due ivithin one year (12.250) (14.507) Net current assets 26,869 25.429 Total A$sets less ¢urr¢nt liabllltles 32.618 38,674 Creditors: Amourtts falling due after more than one year Net assets (12,494) (22,494) 16,180 20,124 riunds of the charity: Unrestricted incom¢ funds Ui)reslrici¢d funds 20,124 16.180 TotAI funds 20,124 16.180 For the financial year ending 28 FebNary 2025 the charity was entitled to exemption from audit linder section 477 of the Companies Act 2006 relating 10 small companies. Dire¢tors' responsibililies- The members have not required the charity lo obiain an audit of its accounts for the year in quesiion in a¢cordaiice with seetion 476; and Th¢ dire¢tors acknowledge thcir rcsponsibilitics for complying with Ihe requirements of the Act with respect to o¢¢ounting records and the preparation of accounts. The finaiicial slaleinents on pages 7 to 14 were approved by the tTUStees. and autlioriscd for issue on aQ).IQI.J&Sand signed on tlieir behalf by: A K Maclennan T￿5¢¢¢ The notes on pages 9 to 14 fonn an integrdl part of th¢5e financial slalem¢nts. Page 8 Broomley Grange Notes to the Financial Statements for the Year Ended 28 February 2025 I Charity status The charity is limited by share ¢apitsl. incorporated in England. The address of its registered office is.. Broomley Grange Hindley Road Stocksfield Northumberland NE43 7RX 2 Aceounling policies Summary of slgnificant accountlng poll¢les and key acco￿￿tIng e$timAt The principal accounting policies applied in ihe preparation of these financial stal¢in¢nts are s¢1 out below. These policies have been consistently applied to all the years presented. unless othenvise stated. Statement of compliance Tlle finan¢tal statemenls have been prepared in accordance with Accounling and Reporting by Charilies: Stalenient of Recommended Practiee (applicable to ¢liarilies preparing their accouiils in accordance with the Fii)ancial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)) (issued in O¢lober 2019) (Cl)arilies SORP (FRS 102)), the Financial Reporting Siaiidard applicable in the UK and Republic of Ireland {FRS 102) and the Companies Act 2006. BASIS of prepAration Broomley Grange meets the definition of a public benefit entity under FRS L02. Assets and liabilities are initially recognised at historical cost or tran￿ellOtt value unles5 otherwise stated in the relevant accounting policy notes. Coing concern The trustees consider that there are no material un¢eriainties about the charity's ability to continue as a going concern nor any significant areas of uncertainty thal alT¢ct the carying value ofassets lield by the cl)arity. Exemption from preparing a cash flow statement Tlie charity opled to early adopt Bulletin I published on 2 February 2016 and have thereforc not included a cash flow statem¢nt An these financial slatements. Income and endoivments All iiicome is recognised once the cbarity has entitlement io the income, it is probable that the iticome will be received aThd the amounl of the income receivable can be measured reliably. Donations and legacies Donations are recognised when the charity has been nolified in writing of both the amount and settlement date. tn the event that a donation is subject to conditions that require a level of perforn]ance by the charity before the charity is entitled to Ihe fimds, the income is deferred and not recogni5ed until either ihose conditions are fully met, or the fulfilnienl of those conditions is wholly within the control of the cliarity &nd It is probable that t]iese conditions will be fulfilled in ihe reporting period. Page 9 Broomley Grange Notes to the Financial Statements for the Year Ended 28 February 2025 Graizls receivable G[￿ltS air recognised when the chayity has entitlement to Ihe funds and any Colldilions linked to tbe ￿a1)IS have been mel. Where perfonnance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance Sheet as deferred income lo be released. Deferred iiicoiNe Defe￿ed income represents amounts reeeived foT future periods and is released to ineoming resources in the period for which, it has been received. Such income is only deferred when.. The donor specifie5 that the grant or donation must only be used in future accoujiling periods. or The donor has imposed coiidilions which must be mei before the cl]arity has unconditioiial ¢ntitl¢meni. Expenditure All expenditur¢ is r¢¢ognised once tbere is a legal or conslnlclive obligation to thai eXpendI￿re. li is PTobable settleinent is required and t1￿ amouni Can be measured reliably. All costs are allocated to Ilie applicable expenditure heading that aggregate similar costs to that category. Wliere costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with thc usc of resources, with central staff costs allocated on the basis of time spent. and depreciation charges allocated on the portion of the asset's use. Other support costs are allocated based on the spread of costs, Cliarifable aclivities Charitable expenditure comprises those Costs Incu￿ed by Ihe charity in the delivery of ils activities and serviLes for its beneficiaries. It includes both costs ihal Can bc allocated directly to such activities and those ¢osls of an indirect iiattire necessary to support them. Government grants Governmeiit granis are recognised based on tlie accwal model and are nieasured at the fair value of the asset received or receivable. Grants are classified as relating eitlier to reveiiue or to assets. Graiils relaiing lo revenue are recogiiised in income over Ilie period in wliich the related costs are re¢ognised. Grants relating to asseis are r¢cogiiised over the expected useful life of Ilie asset. Wliere part of a gran¢ relaling to an assel is def¢￿ed, il is recogjiised as defeffed in¢ome. Tr4X4tion The Charity is considered io pass tbe tests set out in Paragraph I Schedule 6 of ihe Finan¢¢ Act 2010 and Ihercfore it nieets the definition of a charitable company for UK corporalion lax purposes. Accordingly, the harity is poteIitially exempt from taxation in respeci of in¢orne or capital gains received within categories covered by Chapter 3 Part I l of the Corporaliojj Tax Act 2010 or Section 256 of the Taxaiion of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes. Tanglble fixed Assets Individual fixcd assets costing £ l (K).00 OT more are initially recorded al cost. Depreclatlon and amortisation D¢preciatxon is provided on langible fjxed assets so as to write off the cost or valuation, less any estimated residual value. over tbeir expected useful economic life as folloM's- Page 10 BroomEey Grange Notes to the Financial Statements for the Year Ended 28 February 2025 Trade debtors Trade debtors are arnounts due from customern for merchandise sold or services perfonned in the ordinary Course of business. Trade debtors are recognised initially at the transadion price. They are subsequently measured at amortised cost using the effective interest tnetbod. less provision for impairnient. A provision for the impairnient of trade debtors is established when there is objective evidence that the charity will not b¢ able to collect all amounts due according to the original lern)s of the receivables. Cash and cash equlvalents Cash and cash equivalents comprise cash on hand and call deposiis. and other short-tenn highly liquid iiivestmenls that are readily Convertible to a known amount of cash and ar¢ subje¢t to an insignificant risk of change in valu¢. Trade creditors Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are Classified as ¢utrent liabilities if the charity does iiot hav¢ an uiiconditional right, at ihe end of the reporting period. lo defer settlement of Ihe creditor for at least Iwelve moi)ths after the reportiiig date. If there is an uilconditioi￿l right to defer settlement for al least Nvelve months afier the reporting date, they are presented as noii-curreiit liabilifies. Trade creditors are recognised initially at the Iransa¢lion price and subsequently ineasured at amortised cost using tlie effective interest meihod. Borroivlngs Interest-bearing borrowings are initially recorded at fair value, net of ITansa¢tion costs. Interest-bearing bo￿owing5 are subscqiiently carried ai amonised cost. wilh the difference belween the proceeds. net of transa¢tioii costs, aiid ihe amount due on redemption being recognised as a charge to tbe Staiement of Fill￿1claI Activities over the period of the relevant bormwing. Interest expense is recognised on the basis of Ihe effective interest method and is in¢luded in ii)terest payable and similar charges. BorrowinBS are classified as Cu￿ent liabilities unless tlie charity has an unconditional ri¥ht to defer settleinent of the liability for al least twelve months aft¢r thc rcporting dai¢. Fund structure Unrestricted income funds arc g¢neral funds that are available for use at the tDJStees discretion in furtherance of the objectives of the charity. Designated fund5 are unrestricted funds set aside for specific purposes at ihe discretion of tlie tNstees. Page 11 Broomley Grange Notes to the Financial Statements for the Year Ended 28 February 2025 3 Income from doDation5 and legacies Unrestrleted funds Ceneral Total funds Donations and legacies: Donations frotn tndividuals Total for 2025 Total for 2024 7,454 7.454 4 Taxation The cl)arity is a regisEered chaTity and is therefore exempt from taxation. 5 Tangible fjxed assets Furnlture and equiprnent Total C05t At l March 2024 Additions 91,370 1,831 91.370 1,831 At 28 Febrnary 2025 93,?01 93.201 Depreei*tlon At l March 2024 Char8e for Il)e year At 28 Febrnary 2025 78,125 9,327 78,125 9,327 87,452 87,452 Net book value Ai 28 February 2025 5.749 5.749 Ai 29 February 2024 13.245 13,245 Page l2 Broomley Grange Notes to the Financial Statements for the Year Ended 28 February 2025 6 Debtors 2025 2024 Trade debtors Prepayments Other debtors 960 3,436 5.869 8,909 1.501 10,410 10,265 7 Cash and Cash equli'alents 2025 2024 Cash at bank 28,709 29,671 8 Creditors: amounts falling due within one year 2025 2024 Baiik loans Trade creditors VAT granl repayable Accruals Deferred income 10.000 1,580 {1,330) 2,000 i 0.000 1,187 687 2,550 83 12,250 14,507 9 Creditors: llmounts falling due after one year 2025 2024 B&llk loans 12.494 22.494 l O Commitments CApital commitments The total arnoiint contracted for but not provided in the financial statements was £Nil (2024- £Nil). Page 13 Broomley Grange Notes to the Financial Statements for the Year Ended 28 February 2025 11 Funds Balance at I March 2024 Incoming resourees Resource5 expended Balance at 28 February 2025 Unrestrieted funds Gener81 (1,090) 92,564 (79,704) 11,770 Designated l7,270 (8,916) 8.354 Total funds 16,180 92.564 (88.620) 20.124 Balance at I MArth 2023 Incoming resources Resources expended Balance Rt 29 February 2024 Unrestricted funds General (12,055) 89.774 (70.029) 7.690 Designaled 17.270 {8,780) 8,490 Total funds 5,215 89,774 {78,809) 16,180 J2 An*lysi$ of net Asset$ bern'een funds Unre5trl¢ted funds General Total funds at 28 Februsry 2025 Tangible fixed assets CU￿ellI assets Current liabilities Creditors over l year 5.749 39,119 (12.250} (12,494) 5,749 39,119 (12.250) (12.494) Total net assets 20.124 20,124 Unrestricted funds General Total funds at 29 February 2024 Tangible fixed assets Current assets Current liabilities ereditors over l year 13.245 39.936 (14.5071 {22,494) 13,245 39.936 {14,507) {22,494) Total net assets 16.180 16,180 Page 14 Broomley Grange Detailed Statement of Fftnancial Activities for the Year Ended 28 February 2025 Total 2025 Total 2024 Income and Endowments from: Donations and legacies (analysed below) Oiher trading aciivities {analysed below) Total iiicome I,iii 91,453 7,454 82,320 92,564 89,774 Expenditure on: Charitable activities (analysed below) Total expenditure Net incom¢ (88,620) (78.809) (88.620) (78,809) 3.944 10.965 N¢t movement in funds 3.944 10.965 Reconciliation of funds Total funds brought forward Total funds Carried forward 16.180 S.215 20.124 16.180 This page does not forni parl of the statutory financial statements. Page L5 Broomley Grange Detailed Statement of Fanancial Activities for the Year Ended 28 February 2025 Total 2025 Total 2024 Donalioiis and legacies Appeals and donations Grants Received 5,454 2.000 7.454 Oilier tradiiig octivilies Accomrnodalion liicome Camping A¢livilies Incoine Other income 60.564 .506 783 28,600 71,905 17 3.637 6,761 91,453 82,320 Clioritable a¢livlÉles Activitie5 Costs CateriT)g Expenses Wages and salaries Subcontraci cost Rates Water rates Biomass Costs Eleclricity & Gas Iiisurance Repairs and reiiewals Grounds & Garden Telephone and fax Office expenses Printin8, Postage and slaiioncry Hire of plant and machinery (Spol hire) Sundry expenses Cleaiiing Plant & Inachinery Tunning costs Trustee r¢iTnbuTs¢rnen15 Travel and subsistence Advertising A¢¢ounlancy fees Health & Safety Costs Legal and professlonal fees Bank cliarges Loan interest Other interest payable (1,245) (7,515) (7,702) (7,365) (1,135) (2.173) (3,206) (648) (6,696) (10,341) (7.552) (4,370) (115) (1.162) (1,069) (58) (180) (138) (5,997} (109) (2,096) (8.845) (2,868) (1,122) (13,297) (8.560) {7.029) (7,212) (4,599) (1,231) (1,974) (ioo) (5,808) (1,114) (3.154) (16) (2,700) (35) (2.263) (1,024) (2.846) (98) (1.341) (100) (698) {71} This page does not forni paTt of the statutory flnancial staiements. Page 16 Broomley Grange Detailed Statement of Financial Activities for the Year Ended 28 February 2025 Total 2025 Tot*1 2024 Depreciation of plant and macl)inery Depreciation of fixiures and fittings Depreciation of office equipment (8,916) (293) (118) {8,780) {345) (88.620) (78.809) This page doe5 not form part of the stalutory financial statements. Page 17