Braithwaite Institute Financial Statements 31 March 2022 Charity Number 1162041 Keswick ACCOUNTANTS
Braithwaite Institute
Index to the Financial Statements for the year ended 31 March 2022
| Page | |||
|---|---|---|---|
| Charity Information | 1 | ||
| Trustees' Report | 2 | ||
| Independent Examiner's Report | 5 | ||
| Statement of Financial Activities | 6 | ||
| Balance Sheet | 7 | ||
| Notes to the Financial Statements | 8 | - | 10 |
Braithwaite Institute
Charity Information for the year ended 31 March 2022
Charity Number 1162041 Board of Trustees Peter Walter Sarah Holmes Anthony Woodyer Penny Woodyer Bob Kemp Andrew Pepper Andrew Thoburn John Cain Kate O'Donovan Independent Examiner Frances Clark Keswick Accountants 4 Leonard Street Keswick CA12 4EJ Bankers Cumberland Building Society 30a Station Street Keswick Cumbria CA12 5HF
Page 1
Braithwaite Institute
Trustees Annual Report for the year ended 31 March 2022
The trustees present their report and the unaudited financial statements of the charity for the year ended 31 March 2022.
Reference and administrative information
Braithwaite Institute is situated in the Above Derwent Parish in Cumbria. It was registered as a charitable incorporated organisation on 6 January 2016, having taken over the assets of the former Thornthwaite-cum-Braithwaite Victory Memorial, an unincorporated charitable trust. The two charities were merged on 3 September 2015 under a General Vesting Declaration and the old charity name has been removed from the Register of Charities.
The Charity is administered by a management committee. It uses the services of a professional cleaning company and an ad-hoc caretaker, but otherwise relies on the help and goodwill of the Trustees to administer the facilities. The Trustees elected to manage the charity at the AGM on July 1[st] 2021 were:
Chairman - Peter Walter Treasurer - Sarah Holmes Secretary - Anthony Woodyer Braithwaite representative - Bob Kemp
The Appointed Trustees were:
Parish Council - Kate O’Donovan Braithwaite Cricket Club - Andrew Pepper Braithwaite Football Club - Andrew Thoburn Keswick & Braithwaite Tennis Club - John Cain
The registered address of the Charity is:
Braithwaite Institute CIO Braithwaite Keswick Cumbria CA12 5RY
The Charity has current and deposit accounts with the Cumberland Building Society in Keswick.
Objectives and activities
The object of the Foundation, as set out in the constitution, is the provision and maintenance of a village hall and playing fields for the benefit of the residents of Thornthwaite and Braithwaite and the surrounding district.
The Institute caters for a diverse range of organisations and activities. The premises are used on a regular basis by groups such as yoga, Pilates, dance, live-art, a children’s nursery, bee keepers, flower arrangers. Other regular users include Blood Transfusion Service, two RAF Mountain Rescue teams. A number of car and cycle rallies are based on the premises and there are also many one-off bookings for events such as parties, dinners, seminars and weddings.
Page 2
Braithwaite Institute
Report of the Trustees, contd. for the year ended 31 March 2022
Objectives and activities (cont)
The sports fields are booked each year for a limited number of caravan rallies and by several DofE groups. The Cumbria Christian Youth Camp hold a summer camp every August.
Four sports clubs use the sports facilities - Braithwaite Cricket Club, Braithwaite Football Club, Keswick and Braithwaite Tennis Club and the Braithwaite Bowls and Croquet Club.
The facilities are also the nominated emergency centre for Keswick School in the event of a major incident at the school.
Achievements and performance
During this Financial year we were successful in winning two grants.
The Lake District Foundation awarded us £1,600 to plant a new native hedgerow around the car park, which when established will provide screening from the road as well as a diverse nature-rich environment.
The National Lottery awarded us £40,000 for the following improvements.
Main building
New blinds throughout. New carpet in the Harvey Davies room. Full external re-painting. New showers.
Sports Pavilion
Damp proof. Insulation. New furniture. Storage shed.
With the exception of the blinds, none of this work was carried out or paid for in this financial year. The paint job and new carpet has been completed, and it is hoped all remaining work will be completed in Q1 2023.
We have moved our website, booking and invoicing to a fully online ‘software as service’ package. This has given us a much more professional customer facing service and has made the job of managing bookings and issuing invoices much easier.
Financial Review
The total income from rentals continued to be affected by COVID and stood significantly below previous years.
2017 - £32,386 2018 - £32,689 2019 - £30,239 2020 - £25,742 2021 - £4,846 2022 - £22,560
Page 3
Braithwaite Institute
Report of the Trustees, contd. for the year ended 31 March 2022
Financial Review (cont)
The Trustees took the opportunity of the hall being less used in lock downs to carry-out some improvements that are reflected in the higher than usual running costs (Note 6). These included:
£10,750 for new LED ceiling lights in the main hall, new ceiling tiles and insulation. £1,850 to remove a flue vent.
£1,500 for an High Quality screened cable to facilitate a new projector and screen.
£595 for a replacement fridge.
With these one-off costs considered the underlying running costs are similar to previous years.
Declaration
The Trustees declare that they have approved the report above.
Signed on their behalf:
--------------Peter Walter Chairman Date: 25 Jan 2023
Page 4
Braithwaite Institute
Independent Examiners Report for the year ended 31 March 2022
I report on the accounts for the Trust for the year ended 31 March 2022 which are set out on pages 5 - 9.
Respective responsibilities of trustees and examiner
The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year, under section 144(2) of the Charities Act 2011 (the 2011 Act), and that an independent examiners report is needed. It is my responsibility to:
-
examine the accounts under section 145 of the 2011 Act;
-
to follow the procedures laid down in the General Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
-
to state whether particular matters have come to my attention.
Basis of independent examiners report
My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of accounting records kept by the charity and a comparison of the accounts presented with these records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The proceedures undertaken do not provide all the evidence that would be required in an audit and, consequently, I do not express an audit opinion on the view given by the accounts.
Independent examiners' statement
In connection with my examination, no matter has come to my attention:
-
(1) which gives me reasonable cause to believe that, in any material respect, the requirements to:
-
keep accounting records in accordance with s130 of the 2011 Act; and
-
to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the 2011 Act
have not been met;
or
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Frances Clark FCA CTA Appleside 4 Leonard Street Keswick Cumbria CA12 4EJ
Page 5
Braithwaite Institute
| Statement of Financial Activities for the year ended 31 March 2022 Notes INCOME Donations and Grants Donations and gifts 2 Membership Income Grants receivable 2 Income from charitable activities Rental Income 3 Other income Investment Income 4 Total income EXPENDITURE Expenditure on charitable activities Grants payable 5 Property costs 6 Administration costs 7 Legal and professional 8 Total expenditure Net income / (expenditure) Total funds brought forward Transfers between funds Total funds carried forward 11 |
31 March 2021 Un-restricted Restricted Funds Designated Funds Total Total £ £ £ £ £ 25 - - 25 324 - - - - - 12,267 - 12,267 28,916 22,560 - 22,560 4,846 - - - - - 101 - 101 185 34,953 - - 34,953 34,271 7,920 10,029 17,949 - 35,297 - 35,297 11,578 2,471 - 2,471 496 354 - - 354 172 46,042 10,029 - 56,071 12,246 (11,089) (10,029) - (21,118) 22,025 25,895 10,280 10,000 46,175 24,150 - - - - - 14,806 251 10,000 25,057 46,175 31 March 2022 |
31 March 2021 Un-restricted Restricted Funds Designated Funds Total Total £ £ £ £ £ 25 - - 25 324 - - - - - 12,267 - 12,267 28,916 22,560 - 22,560 4,846 - - - - - 101 - 101 185 34,953 - - 34,953 34,271 7,920 10,029 17,949 - 35,297 - 35,297 11,578 2,471 - 2,471 496 354 - - 354 172 46,042 10,029 - 56,071 12,246 (11,089) (10,029) - (21,118) 22,025 25,895 10,280 10,000 46,175 24,150 - - - - - 14,806 251 10,000 25,057 46,175 31 March 2022 |
|---|---|---|
| 34,271 | ||
| - 11,578 496 172 |
||
| 12,246 | ||
| 22,025 | ||
| 24,150 - |
||
| 46,175 |
The notes form part of these financial statements
Page 6
Braithwaite Institute
| Balance Sheet as at 31 March 2022 Notes 31 March 2022 £ £ Fixed Assets Tangible fixed assets - Investments - Current Assets Cash at bank and in hand 34,164 34,971 Creditors: amounts falling due within one year Creditors and accruals 10 9,914 Net Current Assets 25,057 Total Assets less Current Liabilities 25,057 Creditors: amounts falling due in more than one year - NET ASSETS 25,057 Funds Restricted funds 11 251 Unrestricted funds 14,806 Designated funds 10,000 12 25,057 |
31 March 2021 £ £ - - 46,175 46,175 - 46,175 46,175 - 46,175 10,280 25,895 10,000 46,175 |
31 March 2021 £ £ - - 46,175 46,175 - 46,175 46,175 - 46,175 10,280 25,895 10,000 46,175 |
|---|---|---|
| 46,175 - |
||
| 46,175 - |
||
| 46,175 | ||
| 10,280 25,895 10,000 |
||
| 46,175 |
Approved by the trustees and signed on their behalf
Peter Walter Chairman Date: 25 Jan 2023
The notes form part of these financial statements
Page 7
Braithwaite Institute
Notes to the Financial Statements for the year ended 31 March 2022
1 Accounting Policies
General
These accounts have been prepared on a receipts and payments basis, and in accordance with the Charities SORP 2005 (Statement of Recommended Practice), and the Charities Act 2011.
Tangible Fixed Assets and Depreciation
Assets used for charitable purposes, with an expected useful life exceeding one year, are capitalised on the balance sheet. Depreciation is provided at the following annual rates in order to write off each asset over its expected useful life:
Office Equipment 25% on reducing balance Computer Equipment 3 years straight line
Property
The Trust owns some property which is not included in these accounts. Sale of the property is recognised as income in the accounts.
Investments
The Trust recognised unrealised gains and losses on invesments with reference the movement in value of the invesments from one year to the next.
Income
Income received is made up of rent paid by tenants. This is recognised on a received basis.
Expenditure
Expenditure is accounted for on an paid basis. Where it relates to a specific project it is allocated to that project as restricted expenditure. Expenditure that relates to the objects of the charity is classified as charitable activities.
Funds
General funds are those where no restrictions have been placed upon the specific spending of the funds by the donor. Designated funds are those funds where the directors have chosen to earmark general funds for a specfic purpose. Restricted funds are those funds where the donation is received for a specific purpose as set out by the donor, and when the trustees wish to separate out a project for clarity in the accounts.
Page 8
Braithwaite Institute
Notes to the Financial Statements for the year ended 31 March 2022
| 2 Donations and gifts Voluntary donations 2 Grants Receivable ABC COVID Support Grant ABC Sports Grant Hedge Fund Grant 3 Rental Income Camping / Caravan Regular Income Irregular Income 4 Investment income Building society interest received Dividends received 5 Grants payable Braithwaite Cricket Club Keswick Tennis Club Football Club Footpath grant 6 Hall Running Costs Rates and Water Heat and Light Caretakers and PAYE costs Repairs and Maintentance Cleaning and Waste Insurance Sundry Expenses 7 Administration Costs Postage and Stationery Computer costs Advertising Subscriptions Bank charges 8 Legal and professional Professional fees Independent Examiner |
31 March 2021 Unrestricted Restricted Total £ £ £ £ 25 - 25 324 25 - 25 324 10,667 - 10,667 20,636 - - - 8,280 1,600 - 1,600 - 12,267 - 12,267 28,916 5,130 - 5,130 1,221 12,403 - 12,403 3,180 5,027 - 5,027 445 22,560 - 22,560 4,846 101 - 101 185 - - - - 101 - 101 185 - 10,029 10,029 - 1,000 - 1,000 - - - - - 6,920 - 6,920 7,920 10,029 17,949 - 869 - 869 754 3,639 - 3,639 1,633 - - - 1,369 22,068 - 22,068 2,220 5,598 - 5,598 2,570 2,967 - 2,967 2,967 156 - 156 65 35,297 - 35,297 11,578 123 - 123 - 1,897 - 1,897 - 150 - 150 - 260 - 260 459 41 - 41 37 2,471 - 2,471 496 234 - 234 - 120 - 120 172 354 - 354 172 31 March 2022 |
31 March 2021 Unrestricted Restricted Total £ £ £ £ 25 - 25 324 25 - 25 324 10,667 - 10,667 20,636 - - - 8,280 1,600 - 1,600 - 12,267 - 12,267 28,916 5,130 - 5,130 1,221 12,403 - 12,403 3,180 5,027 - 5,027 445 22,560 - 22,560 4,846 101 - 101 185 - - - - 101 - 101 185 - 10,029 10,029 - 1,000 - 1,000 - - - - - 6,920 - 6,920 7,920 10,029 17,949 - 869 - 869 754 3,639 - 3,639 1,633 - - - 1,369 22,068 - 22,068 2,220 5,598 - 5,598 2,570 2,967 - 2,967 2,967 156 - 156 65 35,297 - 35,297 11,578 123 - 123 - 1,897 - 1,897 - 150 - 150 - 260 - 260 459 41 - 41 37 2,471 - 2,471 496 234 - 234 - 120 - 120 172 354 - 354 172 31 March 2022 |
|---|---|---|
| 324 | ||
| 20,636 8,280 - |
||
| 28,916 | ||
| 1,221 3,180 445 |
||
| 4,846 | ||
| 185 - |
||
| 185 | ||
| - - - |
||
| - | ||
| 754 1,633 1,369 2,220 2,570 2,967 65 |
||
| 11,578 | ||
| - - - 459 37 |
||
| 496 | ||
| - 172 |
||
| 172 |
Page 9
Braithwaite Institute
Notes to the Financial Statements for the year ended 31 March 2022
9 Trustee Remuneration and Expenses
No remuneration directly or indirectly out of the funds of the charity was paid or payable for the year to any trustee or to any person or persons known to be connected with any of them.
No reimbursement of expenses has been made or is due to be made to any of the trustees in respect of the year.
10 Creditors: amounts falling due within one year
| 31 | March | 2022 | 31 | March | 2021 | |
|---|---|---|---|---|---|---|
| £ | £ | |||||
| Deferred income | - | - | ||||
| 9,914 | - |
11 Restricted and Designated Funds
| Restricted Sports Grant Designated Contingency Reserve |
At At 1 April 2021 Income Expenditure Transfers 31 March 2022 10,280 - (10,029) - 251 |
|---|---|
| 10,280 - (10,029) - 251 |
|
| 10,000 - - - 10,000 |
|
| 10,000 - - - 10,000 |
12 Net Assets by fund
| Net Assets by fund Current assets Creditors: amounts falling due within one year Total net assets |
Restricted Designated Unrestricted Total £ £ £ £ 251 10,000 24,720 34,971 - (9,914) (9,914) |
|---|---|
| 251 10,000 14,806 25,057 |
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