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|
Page 10