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||||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|
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|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:|||||
|the Statement|of Recommended
Practice: Accounting
and Reporting
by||||Charities
preparing
their|||
|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.||||||||
|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;||||
|||||~
it is more likely than not that the trustees
will receive the resources;||||
|||||~
the monetary
value can be measured|with sufficient
reliability.|||
|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).||||
|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.||||
|Volunteer
help||||The value ofany voluntary
help received is not included
in the accounts|||but|
|||||is described
in the trustees'
annual
report.||||
|Income from|membership|||Membership
subscriptions
received
in the|nature ofa gift are recognised||in|
|subscriptions||||Donations
and Legacies.||||
|2.2 Expenditure
and Liabilities||||||||
|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||||
|||||certainty.||||
##
|Governance|and support|Support costs have been allocated between governance
costs|and other||
|---|---|---|---|---|
|costs||support.
Governance
costs comprise
all costs involving
public|||
|||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|||
|||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|||
|||was treated as it's deemed cost. The asset is impaired
in value|and this||
|||was recognised
in the 2017valuation.|||
|||It is considered
that all ofthe buildings
owned
by the charity have indefinite|||
|||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.|||
|Debtors||Debtors (including
trade debtors and loans receivable) are measured
on|||
|||initial recognition
at settlement
amount after any trade discounts
or amount|||
|||advanced
by the charity. Subsequently,
they are measured
at the cash or|||
|||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)|