DUKE OF BUCCLEUCH BARNWELL TRUST
Report of the Trustees
2022/23
The year has been another very difficult year in respect of the management of the Prince Alice Centre.
A one-year lease was agreed with Little Ducklings another registered charity who provide nursery and preschool education took over the occupation of the building and running of the facility to October 2022. Prior to the end of the lease discussions were held about a longer-term lease but the Directors of Little Ducklings gave notice that the Company Limited by Guarantee and the Charity was to ceasing trading and therefore would not be seeking any further occupation of the building. A short-term licence to occupy was agreed to allow the Charity to remove its equipment and assets from the building.
Fortunately, any outstanding rent and insurances under the lease was recovered. But several of the tenant’s obligations under the lease, such as internal redecoration, required on termination were not fulfilled. But after taking legal advice and a protracted process the Trustees were unable to secure any contribution towards these costs.
The Trustees continued to invest in the building to ensure its future useability and the building complied with appropriate standards. As the building has been unoccupied the Trustees have been required to take on a far more proactive role in the day to day facilities management of the Centre.
The Trustees have spoken to several Preschool providers who were interested in taking on the building and the Centre has been marketed through a local agent. Several education providers have expressed an interest, and these will be pursued in 23/24.
Fortunately, the Charity has adequate reserves to manage the unoccupancy of the Centre in the short to medium term. But it is hoped a new tenant will be secured in 23/24.
Trustees
24/01/2023
Duke of Buccleuch BarnwellTrust |
no 1170722 | ||||
| Receipts andpayments accounts | |||||
| For the period from |
Period start date |
To |
Period end date | ||
| 01/04/2022 | 31/03/2023 | ||||
| Section A Receipts and payments | |||||
| Unrestricted funds |
Restricted funds |
Endowment funds |
Total funds | Last year | |
| to the nearest £ |
to the nearest £ | to the nearest £ | to the nearest £ | to the nearest £ | |
| A1 Receipts | |||||
| Rent and Insurance | 4,332 | - | - | 4,332 | - |
| - | - | - | - | - | |
| - | - | - | - | - | |
| - | - | - | - | - | |
| - | - | - | - | - | |
| - | - | - | - | - | |
| - | - | - | - | - | |
| - | - | - | - | - | |
| Sub total(Gross income for AR) |
4,332 | - | - | 4,332 | - |
| A2 Asset and investment sales, (see table). |
|||||
| - | - | - | - | ||
| - | - | - | - | - | |
| Sub total | - | - | - | - | - |
| Total receipts | 4,332 | - | - | 4,332 | - |
| A3 Payments | |||||
| Insurances | 2,470 | - | - | 2,470 | - |
| Rent | 5 | - | - | 5 | - |
| BuildingMaintenance & Repairs | 821 | - | - | 821 | - |
| - | - | - | - | - | |
| - | - | - | - | - | |
| - | - | - | - | - | |
| - | - | - | - | - | |
| - | - | - | - | - | |
| - | - | - | - | - | |
| **Sub total ** | 3,296 | - | - | 3,296 | - |
| A4 Asset and investment purchases, (see table) |
|||||
| - | - | - | - | ||
| - | - | - | - | ||
| **Sub total ** | - | - | - | - | - |
| Totalpayments | 3,296 | - | - | 3,296 | - |
| Net of receipts/(payments) | 1,036 | - | - |
1,036 |
- |
| A5 Transfers between funds | - | - | - | - | - |
| A6 Cash funds lastyear end | 42,249 | - | - | 42,249 | - |
| Cash funds thisyear end | 43,285 | - | - |
43,285 | - |
| Section B Statement | of assets and liabilities | at the end of the period | |||
| Categories | Details | Unrestricted funds |
Restricted funds |
Endowment funds |
|
| to nearest £ | to nearest £ | to nearest £ | |||
| B1 Cash funds | Bank | 43,285 | - | - | |
| - | - | - | |||
| - | - | - | |||
| Total cash funds | 43,285 | - | - | ||
| (agree balances w ith receipts and payments account(s)) |
OK | OK | OK | ||
| Unrestricted funds |
Restricted funds |
Endowment funds |
|||
| Details | to nearest £ | to nearest £ | to nearest £ | ||
| B2 Other monetary assets | - | - | - | ||
| - | - | - | |||
| - | - | - | |||
| - | - | - | |||
| - | - | - | |||
| - | - | - | |||
| Details | Fund to which asset belongs |
Cost (optional) | Current value (optional) |
||
| B3 Investment assets | - | - | |||
| - | - | ||||
| - | - | ||||
| - | - | ||||
| - | - | ||||
| Details | Fund to which asset belongs |
Cost (optional) | Current value (optional) |
||
| B4 Assets retained for the charity’s own use |
Princess Alice Centre Barwell | unrestricted | - | - | |
| ( no open market valuation obtained) | - | - | |||
| - | - | ||||
| - | - | ||||
| - | - | ||||
| - | - | ||||
| - | - | ||||
| - | - | ||||
| - | - | ||||
| Details | Fund to which liability relates |
Amount due (optional) |
When due (optional) |
||
| B5 Liabilities | Outstanding Utility Bills | unrestricted | 2,500 | 01 April 2023 | |
| - | |||||