| Page | |||
|---|---|---|---|
| Report ofthe Trustees | 1 to 3 | ||
| Independent Examiner's |
Report | ||
| Statement of Financial |
Activities | ||
| Balance Sheet | |||
| Notes to the Financial Statements | 7to 13 | ||
| Detailed Statement of Financial | Activities | 14 |
| Recommended categories |
Recommended categories |
by | Unrestricted | Restricted | |||
|---|---|---|---|---|---|---|---|
| activity | Notes | funds | funds | 2022 | 2021 | ||
| Income | |||||||
| Income and endowments | from: | ||||||
| Donations and legacies |
10,004 | 20,715 | 30,719 | 1,448 | |||
| Charitable activities |
|||||||
| Heritage Centre | 11,630 | 11,630 | 5,907 | ||||
| Barrett Browning | Institute | 5,640 | 5,640 | 4,690 | |||
| Burgage Hall |
2 | 2 | 5 | ||||
| Other Income | 3,405 | 3,405 | |||||
| Total | 30,680 | 20,715 | 51,395 | 12,050 | |||
| Expenditure | |||||||
| Charitable activities |
|||||||
| Heritage Centre | 19,859 | 5,715 | 25,574 | 9,057 | |||
| Barrett Browning | Institute | 7,898 | 6,359 | 14,257 | 28,351 | ||
| Burgage Hall |
|||||||
| Admin and Support |
7,328 | 7,328 | 11,040 | ||||
| Total | 35,085 | 12,074 | 47,159 | 48,448 | |||
| Transfers between |
funds | (8,641) | 8,641 | ||||
| Net movement in funds |
4,237 | 4,237 | 36,398 | ||||
| Reconciliation offunds: |
|||||||
| Total funds brought | forward | 209,840 | 209,840 | 246,239 | |||
| Total funds carried forward | 214,077 | 214,077 | 209,840 |
| Balance sheet | |||||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | ||||||
| Notes | funds | fund | s | 2022 | 2021 | ||
| f. | |||||||
| Heritage assets | 140,002 | 140,002 | 140,002 | ||||
| Total fixed assets | 140,002 | 140,002 | 140,002 | ||||
| Current assets | |||||||
| Stocks | 5,534 | 5,534 | 5,762 | ||||
| Debtors | |||||||
| Cash at bank and in hand | 68,541 | 68,541 | 64,076 | ||||
| Total current assets | 74,075 | 74,075 | 69,838 | ||||
| Creditors: amounts | falling | ||||||
| due within one year | |||||||
| Net current assets/(liabilities) | 74,075 | 74,075 | 69,838 | ||||
| Total assets less current | |||||||
| liabilities | 214,077 | 214,077 | 209,840 | ||||
| Funds ofthe Charity | |||||||
| Restricted income funds |
|||||||
| Unrestricted funds |
214,077 | 214,077 | 209,840 | ||||
| Total funds | 214,077 | 214,077 | 209,840 |
| transaction va |
lue un | less | otherwise stated in the relevant note(s) to these |
otherwise stated in the relevant note(s) to these |
accounts. | ||
|---|---|---|---|---|---|---|---|
| The accounts | have | been | prepared in accordance with: |
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| the Statement | of Recommended Practice: Accounting and Reporting by |
Charities preparing their |
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| accounts in accordance |
with the Financial Reporting Standard applicable |
in the UK and Republic | of | ||||
| Ireland (FRS | 102)issued | on 16July 2014and with the Financial Reporting Standard applicable in the |
|||||
| United Kingdom and |
Republic | of Ireland (FRS 102)and with the Charities | Act 2011. | ||||
| The charity constitutes a public benefit entity as defined by FRS 102. |
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| 2 Accounting |
policies | ||||||
| 2.1 Income | |||||||
| Recognition | ofincome | These are included in the Statement of Financial Activities (SoFA) |
when: | ||||
| ~ the charity becomes entitled to the resources; |
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| ~ it is more likely than not that the trustees will receive the resources; |
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| ~ the monetary value can be measured |
with sufficient reliability. |
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| Offsetting | There has been no offsetting ofassets and | liabilities, or income and | |||||
| expenses, unless required or permitted by |
the FRS102SORP or FRS 102. | ||||||
| Grants and donations | Grants and donations are only included in |
the SoFA when the general | |||||
| income recognition criteria are met (5.10to 5.12FRS102SORP). |
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| Government | grants | The charity has received a local government grant in the reporting |
period | ||||
| Donated services and | Donated services and facilities are included | in the SOFA when received | at | ||||
| facilities | the value ofthe gift to the charity provided | the value ofthe gift can | be | ||||
| measured reliably. |
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| Volunteer help |
The value ofany voluntary help received is not included in the accounts |
but | |||||
| is described in the trustees' annual report. |
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| Income from | membership | Membership subscriptions received in the |
nature ofa gift are recognised | in | |||
| subscriptions | Donations and Legacies. |
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| 2.2 Expenditure and Liabilities |
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| Liability recognition | Liabilities are recognised where it is more |
likely than not that there | is a | ||||
| legal or constructive obligation committing |
the charity to pay out resources | ||||||
| and the amount ofthe obligation can be measured with reasonable |
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| certainty. |
| Governance | and support | Support costs have been allocated between governance costs |
and other | |
|---|---|---|---|---|
| costs | support. Governance costs comprise all costs involving public |
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| accountability ofthe charity and its compliance with regulation |
and good | |||
| practice. | ||||
| Support costs include central functions and have been reported |
separately | |||
| to charitable activities. The support costs incurred are all in relation to |
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| meeting the aims and objectives ofthe charity. | ||||
| 2.3Assets | ||||
| Heritage assets | The buildings that the charity owns have been acquired in the fulfilment |
of | ||
| the charity objectives. Heritage assets are carried at cost for purchased | ||||
| assets, there are no comparable market based transactions at |
which to | |||
| assess a fair value. | ||||
| The Barrett Browning Institute is a donated asset and is carried |
at the 2017 | |||
| Market Value. The valuation was determined by an RICS Surveyor. This |
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| was treated as it's deemed cost. The asset is impaired in value |
and this | |||
| was recognised in the 2017valuation. |
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| It is considered that all ofthe buildings owned by the charity have indefinite |
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| lives and will not be depreciated. | ||||
| Stocks and | work in | Stocks held for sale as part ofcharitable activity are measured |
at the lower | |
| progress | ofcost or net realisable value. |
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| Debtors | Debtors (including trade debtors and loans receivable) are measured on |
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| initial recognition at settlement amount after any trade discounts or amount |
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| advanced by the charity. Subsequently, they are measured at the cash or |
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| other consideration expected to be received. |
| otes to the acco 3 Income |
unts (cont) | |||||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | |||||||
| Analysis of | income | funds | funds | 2022 | 2021 | |||
| Analysis of | Donations received |
|||||||
| Donations and legacies: |
Grants received: | |||||||
| Other Charitable Organisations |
350 | 350 | 1,000 | |||||
| Ledbury Town Council | 1,500 | 1,500 | ||||||
| Herefordshire Council |
8,000 | 5,715 | 13,715 | 334 | ||||
| Architectural Heritage |
Fund | 15,000 | 15,000 | |||||
| Membership subscriptions |
154 | 154 | 114 | |||||
| Total | 10,004 | 20,715 | 30,719 | 1,448 | ||||
| Analysis of | ||||||||
| Charitable Activities: |
Heritage Centre: Visitor Sales |
5,092 | 5,092 | 5,402 | ||||
| Visitor Donations | 5,153 | 5,153 | ||||||
| Hire ofRooms | 1,385 | 1,385 | 506 | |||||
| Total | 11,630 | 11,630 | 5,907 | |||||
| Barrett Browning Institute: |
||||||||
| Rent/cost re-imbursement |
5,640 | 5,640 | 4,690 | |||||
| Burgage Hall: | ||||||||
| Rent | ||||||||
| Total | 17,272 | 17,272 | 10,602 | |||||
| Other Income | 3,405 | 3,405 | ||||||
| TOTAL INCOME | 30,680 | 20,715 | 51,395 | 12,050 | ||||
| Expenditure | ||||||||
| Unrestricted | Restricted | |||||||
| Analysis ofexpenditure | funds | funds | 2022 | 2021 | ||||
| Costs of | Heritage Centre | 19,859 | 5,715 | 25,574 | 9,057 | |||
| Activity by fund | Barrett Browning | Institute | 7,898 | 7,898 | 28,351 | |||
| type: | Burgage Hall |
|||||||
| Architectural Heritage |
Fund | 6,359 | 6,359 | |||||
| General | 7,328 | 7,328 | 11,040 | |||||
| 35,085 | 12,074 | 47,159 | 48,448 |
| Analysis ofSupport Costs | |||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | ||||
| Analysis of | expenditure | funds | funds | 2022 | 2021 |
| Management | and Administration | 6,758 | 6,758 | 10,470 | |
| Governance | Costs: | ||||
| Legal Advice/Fees | |||||
| Examiner | Fees | 570 | 570 | 570 | |
| 7,328 | 7,328 | 11,040 |
| Barrett | Heritage | Burgage | Total | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Browning | Centre | Hall | |||||||
| Institute | |||||||||
| At | the | beginning | ofthe year | 140,000 | 140,002 | ||||
| At | end | ofthe year | 140,000 | 1 | 1 | 140,002 |
| Total | |
|---|---|
| Heritage Centre stock: | |
| The items for sale in the heritage Centre have been valued at the | |
| purchase cost. | 5,534 |
| Closing | 5,534 |
| Total previous year | 5,762 |
| T | Fund | Fund | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| y p |
Purpose and Restrictions |
balances brought forward |
Income | Expenses | Transfers | balances carried forward |
|||||||||
| Fund names | |||||||||||||||
| All activity for | |||||||||||||||
| Barrett Browning | Barrett Browning | ||||||||||||||
| Institute | U | Institute | 193,713 | 5,640 | (7,898) | 8,641 | 200,096 | ||||||||
| All activity for the | |||||||||||||||
| Heritage | Centre | U | Heritage Centre | 5,764 | 11,630 | (19,859) | 8,000 | 5,535 | |||||||
| Heritage Centre | |||||||||||||||
| Heritage | Centre | R | Heating | 5,715 | (5,715) | ||||||||||
| Burgage | Hall | U | Burgage Hall |
2 | (2) | ||||||||||
| Architectural | |||||||||||||||
| Heritage | Fund | R | 15,000 | (6,359) | (8,641) | ||||||||||
| General | U | General fund |
10,364 | 13,409 | (7,328) | (7,998) | 8,447 | ||||||||
| Total Funds | as per balance sheet | 209,841 | 51,395 | (47,159) | 214,077 | ||||||||||
| The transfers | made were | to cover the allocation ofoverhead | (insurance | and administration | costs) | ||||||||||
| nd between | Architectural | Heritage Fund and Barrett Browning Institute |
to cover | costs | incurred | in | |||||||||
| rior year | which received | grant funding | in 2021/22. | ||||||||||||
| 9.2 Details ofmaterial funds held and | movements | during | the PREVIOUS reporting | period | |||||||||||
| T | Fund | ||||||||||||||
| y p e |
Purpose and Restrictions |
Income | Expenses | Transfers | balances carried forward |
||||||||||
| Fund names | |||||||||||||||
| All activity for | |||||||||||||||
| Barrett Browning | Barrett Browning | ||||||||||||||
| Institute | U | Institute | 224,669 | 4,690 | (28,351) | (7,295) | 193,713 | ||||||||
| All activity for the | |||||||||||||||
| Heritage | Centre | U | Heritage Centre | 10,000 | 5,907 | (9,057) | (1,087) | 5,764 | |||||||
| Burgage | Hall | U | Burgage Hall |
4,480 | 5 | (4,485) | |||||||||
| Heritage | Lottery | ||||||||||||||
| Fund | R | ||||||||||||||
| General | U | General fund |
7,090 | 1,448 | (11,040) | 12,867 | 10,364 | ||||||||
| Total Funds | as per balance sheet | 246,239 | 12,050 | (48,448) | 209,841 |
| 10 | Analysis ofnet assets between funds | Analysis ofnet assets between funds | Analysis ofnet assets between funds | Analysis ofnet assets between funds | |||
|---|---|---|---|---|---|---|---|
| Tangible | Net current | Net | |||||
| fixed | assets I | Assets | |||||
| assets | (liabilities) | ||||||
| R | |||||||
| Unrestricted | funds | ||||||
| General | 8,217 | 8,218 | |||||
| Designated | |||||||
| Barrett Browning | Institute | 140,000 | 60,096 | 200,096 | |||
| Heritage | Centre | 1 | 5,762 | 5,763 | |||
| Burgage | Hall | ||||||
| Restricted Funds | |||||||
| Architectural | Heritage | Fund | |||||
| Heritage | Centre Heating | ||||||
| 140,002 | 74,075 | 214,077 | |||||
| Previous | year | ||||||
| Tangible | Net current | Net | |||||
| fixed | assets I | Assets | |||||
| assets | (liabilities) | ||||||
| Unrestricted | funds | ||||||
| General | 10,363 | 10,364 | |||||
| Designated | |||||||
| Barrett Browning | Institute | 140,000 | 53,713 | 193,713 | |||
| Heritage | Centre | 1 | 5.762 | 5,764 | |||
| Burgage | Hall | ||||||
| 140,002 | 69,838 | 209,841 |
| Detailed Statement ofFinancial Activities | 2022 | 2021 |
|---|---|---|
| INCOME AND ENDOWMENT | ||
| Donations and legacies |
||
| Donations | ||
| Grants Receivable | 30,565 | 1,334 |
| Subscriptions | 154 | 114 |
| 30,719 | 1,448 | |
| Charitable activities |
||
| Visitor Sales/Donations | 10,245 | 5,402 |
| Hire Of Rooms | 7,026 | 5,200 |
| 17,272 | 10,602 | |
| Other Income | 3,405 | |
| Total incoming resources |
51,395 | 12,050 |
| EXPENDITURE | ||
| Charitable activities |
||
| Major Refurbishments | 11,639 | 31,189 |
| Materials and Stock |
||
| Opening Stock |
5,762 | 3,771 |
| Purchase | 2,197 | 1,992 |
| Less Closing Stock | (5,534) | (5,762) |
| Repairs and Maintenance | 7,200 | 3,334 |
| Energy Costs | 2,791 | 2,186 |
| Water | 428 | 396 |
| Telephone | 2,434 | 271 |
| Sundry items |
2,539 | 31 |
| Insurance | 4,016 | |
| Consultancy Fees |
6,359 | |
| 39,831 | 37,409 | |
| SUPPORT COSTS | ||
| Management | ||
| Admin Support | 5,733 | 5,198 |
| Covid-19 measures | 16 | 203 |
| Membership Fees |
65 | |
| Insurance | 873 | 4,997 |
| Bank Charges | 72 | 72 |
| 6,758 | 10,470 | |
| Governance costs | ||
| Examiners Fees | 570 | 570 |
| Legal Fees | ||
| 570 | 570 | |
| Total resources expended | 47,159 | 48,449 |
| Net Income/(Expenditure) | 4,237 | (36,399) |