CHARITY REGISTRATION NUMBER: 1176137
Cresswell Pele Tower CIO Unaudited Financial Statements 31 August 2022
Cresswell Pele Tower CIO
Financial Statements
Year ended 31 August 2022
| Page | |
|---|---|
| Trustees' annual report | 1 |
| Independent examiner's report to the trustees | 4 |
| Statement of financial activities | 5 |
| Statement of financial position | 6 |
| Notes to the financial statements | 7 |
| The following pages do not form part of the financial statements | |
| Detailed statement of financial activities | 16 |
| Notes to the detailed statement of financial activities | 17 |
Cresswell Pele Tower CIO
Trustees' Annual Report
Year ended 31 August 2022
The trustees present their report and the unaudited financial statements of the charity for the year ended 31 August 2022.
Reference and administrative details
Registered charity name Cresswell Pele Tower CIO Charity registration number 1176137 Principal office 5 St Bartholomews Close Cresswell Morpeth NE61 5JX The trustees M K Wright D W Lodge B Mead T Kirsop Independent examiner Michael W Reed Russell House Greenwell Road Alnwick Northumberland NE66 1HB
Structure, governance and management
Governance of the Charity is through 4 independent Trustees appointed for their skills, knowledge and interest in the project that the Charity is seeking to deliver at the Pele Tower. Responsibilities are shared amongst the Trustees and where necessary independent consultants and contractors are appointed to support project delivery after approval by all Trustees. There are no direct employees of the Charity.
There are four trustees: Michael wright - Chair Barry Mead David Lodge Tony Kirsop
1
Cresswell Pele Tower CIO
Trustees' Annual Report (continued)
Year ended 31 August 2022
Objectives and activities
The purpose of Cresswell Pele Tower CIO is the advancement of heritage and education, in particular through the restoration, preservation and promotion of Cresswell Pele Tower to enable it to open to the public and enable the exploration of its landscape through a community archaeology project Cresswell Pele Tower CIO would like to carry out all of the capital works detailed in a recent Development Appraisal report which will remove the Tower from the "Heritage at Risk" register and restore it to the highest standard appropriate for a Grade 11* historic building.
Achievements and performance
Cresswell Pele Tower opened its doors as a visitor attraction in July 2021 and attracted a respectable 6,000 visitors in its first year of opening. The tower was opened primarily on Sundays and Bank Holiday Mondays with additional opening times during the peak summer holiday period. Footfall was approximately 100 plus per day. In order to provide maximum accessibility admission to the tower was free of charge although donation boxes have been strategically positioned to maximise income.
In addition to normal opening hours the tower was also opened for group tours. A variety of organisations took advantage of this additional, charged-for service ranging from Local History & Archaeology Societies to paranormal groups!
Face to face and Zoom talks about the tower and adjacent walled garden were also given to numerous organisations across Northumberland and elsewhere.
A number of special events and exhibitions were also organised including an exhibition on Harbottle Castle and beacon lighting on the tower roof to commemorate Queen Elizabeth 11 Platinum jubilee in May 2022.
The CIO's Volunteer Coordinator/Events Organiser regularly prepares and issues Newsletters to keep Trustees, volunteers and the general public informed about what is happening.
In June 2022 the Cresswell Pele Tower project was shortlisted for and won the "Best Coast and Countryside project" in 2022's LOVE Northumberland award scheme. The award was presented to CPTCIO at Alnwick Garden by the Duchess of Northumberland.
In March 2022 CPTCIO Trustees and staff prepared and submitted a bid to the Heritage Lottery Fund for the restoration and hard landscaping of the adjacent walled garden. In June 2022 CPTCIO received a positive response to the application and has been awarded £230,834, another magnificent achievement and a credit to all concerned. The derelict walled garden will be transformed into a community garden for all to enjoy and offer numerous volunteering opportunities, bolstering those already offered through the pele tower project. CPTCIO hopes to have the community garden open to visitors during the summer of 2023.
None of the above would have been possible without the continued commitment from our ever-willing volunteers for which CPTCIO is extremely grateful.
Financial review
During the year Cresswell Pele Tower CIO received income by way grants to fund the ongoing improvements to the Tower resulting in a surplus of £17,481.
2
Cresswell Pele Tower CIO
Trustees' Annual Report (continued)
Year ended 31 August 2022
The trustees' annual report was approved on 12 December 2022 and signed on behalf of the board of trustees by:
M K Wright B Mead Trustee Trustee
3
Cresswell Pele Tower CIO
Independent Examiner's Report to the Trustees of Cresswell Pele Tower CIO
Year ended 31 August 2022
I report to the trustees on my examination of the financial statements of Cresswell Pele Tower CIO ('the charity') for the year ended 31 August 2022.
Responsibilities and basis of report
As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the charity as required by section 130 of the Act; or
-
the financial statements do not accord with those records; or
-
the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Michael W Reed Independent Examiner
Russell House Greenwell Road Alnwick Northumberland NE66 1HB
12 December 2022
4
Cresswell Pele Tower CIO
Statement of Financial Activities
Year ended 31 August 2022
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | ||||
| funds | funds | Total funds | Total funds | ||
| Note | £ | £ | £ | £ | |
| Income and endowments | |||||
| Donations and legacies | 4 | 568 | 85,736 | 86,304 | 399,480 |
| Charitable activities | 5 | 7,347 | – | 7,345 | 1,830 |
| ������� | �������� | �������� | ��������� | ||
| Total income | 7,915 | 85,736 | 93,649 | 401,310 | |
| ������� | �������� | �������� | ��������� | ||
| Expenditure | |||||
| Expenditure on raising funds: | |||||
| Costs of raising donations and | |||||
| legacies | 6 | 2,740 | 2620 | 5359 | – |
| Expenditure on charitable activities | 7,8 | 5,193 | 65,635 | 70,827 | 54,623 |
| ������� | �������� | �������� | ��������� | ||
| Total expenditure | 7,933 | 68,255 | 76,186 | 54,623 | |
| ������� | �������� | �������� | ��������� | ||
| ������� | �������� | �������� | ��������� | ||
| Net income and net movement in | funds | (18) | 17,481 | 17,463 | 346,687 |
| ������� | �������� | �������� | ��������� | ||
| Reconciliation of funds | |||||
| Total funds brought forward | 661 | 784,687 | 785,348 | 438,661 | |
| ������� | ��������� | ��������� | ��������� | ||
| Total funds carried forward | 643 | 802,168 | 802,811 | 785,348 | |
| ������� | ��������� | ��������� | ��������� |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages 7 to 14 form part of these financial statements.
5
Cresswell Pele Tower CIO
Statement of Financial Position
31 August 2022
| 2022 | 2021 | ||
|---|---|---|---|
| Note | £ | £ | |
| Fixed assets | |||
| Tangible fixed assets | 13 | 732,914 | 724,271 |
| Current assets | |||
| Debtors | 14 | 25,077 | 9,628 |
| Cash at bank and in hand | 47,070 | 65,674 | |
| �������� | �������� | ||
| 72,147 | 75,302 | ||
| Creditors: amounts falling due within one year | 15 | 2,250 | 14,225 |
| �������� | �������� | ||
| Net current assets | 69,897 | 61,077 | |
| ��������� | ��������� | ||
| Total assets less current liabilities | 802,811 | 785,348 | |
| ��������� | ��������� | ||
| Net assets | 802,811 | 785,348 | |
| ��������� | ��������� | ||
| Funds of the charity | |||
| Restricted funds | 802,168 | 784,687 | |
| Unrestricted funds | 643 | 661 | |
| ��������� | ��������� | ||
| Total charity funds | 17 | 802,811 | 785,348 |
| ��������� | ��������� |
These financial statements were approved by the board of trustees and authorised for issue on 12 December 2022, and are signed on behalf of the board by:
M K Wright Trustee
B Mead Trustee
The notes on pages 7 to 14 form part of these financial statements.
6
Cresswell Pele Tower CIO
Notes to the Financial Statements
Year ended 31 August 2022
1. General information
The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is 5 St Batholomews Close, Cresswell, Morpeth, Northumberland, NE61 5JX.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Charities Act 2011.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
There are no material uncertainties about the charity's ability to continue.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.
7
Cresswell Pele Tower CIO
Notes to the Financial Statements (continued)
Year ended 31 August 2022
3. Accounting policies (continued)
Incoming resources
All income is included in the statement of financial activities when entitlement has passed to the charity, it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
-
income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably. The grants which relates directly to the restoration project are recognised in income only when the the costs have been incurred. Where grants have been received prior to cost being incurred, they are recognised as a liability.
-
legacy income is recognised when receipt is probable and entitlement is established.
-
income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
-
income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
-
expenditure on raising funds includes the costs of all fundraising activities, events, noncharitable trading activities, and the sale of donated goods.
-
expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
-
other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
8
Cresswell Pele Tower CIO
Notes to the Financial Statements (continued)
Year ended 31 August 2022
3. Accounting policies (continued)
Tangible assets (continued)
An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment - 20% reducing balance Leasehold improvement - 4% straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cashgenerating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units.
Financial instruments
A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs.
Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.
Debt instruments are subsequently measured at amortised cost.
Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment.
9
Cresswell Pele Tower CIO
Notes to the Financial Statements (continued)
Year ended 31 August 2022
3. Accounting policies (continued)
Financial instruments (continued)
Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised.
For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Donations and legacies
| Unrestricted | Restricted | Total Funds | |
|---|---|---|---|
| Funds | Funds | 2022 | |
| £ | £ | £ | |
| Donations | |||
| Donations | 568 | – | 568 |
| Grants | |||
| Grants receivable | – | 85,736 | 85,736 |
| Grants for restoration | – | – | – |
| ���� | �������� | �������� | |
| 568 | 85,736 | 86,304 | |
| ���� | �������� | �������� | |
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2021 | |
| £ | £ | £ | |
| Donations | |||
| Donations | – | – | – |
| Grants | |||
| Grants receivable | – | 92,783 | 92,783 |
| Grants for restoration | – | 306,697 | 306,697 |
| ���� | ��������� | ��������� | |
| – | 399,480 | 399,480 | |
| ���� | ��������� | ��������� |
10
Notes to the Financial Statements (continued)
Cresswell Pele Tower CIO
Year ended 31 August 2022
5. Charitable activities
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
|---|---|---|---|---|---|
| Funds | 2022 | Funds | 2021 | ||
| £ | £ | £ | £ | ||
| Books | 7,082 | 7,080 | 1,830 | 1,830 | |
| Hire and events | 265 | 265 | – | – | |
| ������� | ������� | ������� | ������� | ||
| 7,347 | 7,345 | 1,830 | 1,830 | ||
| ������� | ������� | ������� | ������� | ||
| 6. | Costs of raising donations and legacies | ||||
| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2022 | |||
| £ | £ | £ | |||
| Costs of raising donations and legacies | 2,740 | 2,620 | 5,359 | ||
| ������� | ������� | ������� | |||
| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2021 | |||
| £ | £ | £ | |||
| Costs of raising donations and legacies | – | – | – | ||
| ���� | ���� | ���� | |||
| 7. | Expenditure on charitable activities by fund type | ||||
| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2022 | |||
| £ | £ | £ | |||
| Activity | 4,418 | 65,635 | 70,052 | ||
| Support costs | 775 | – | 775 | ||
| ������� | �������� | �������� | |||
| 5,193 | 65,635 | 70,827 | |||
| ������� | �������� | �������� | |||
| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2021 | |||
| £ | £ | £ | |||
| Activity | 1,169 | 52,004 | 53,173 | ||
| Support costs | – | 1,450 | 1,450 | ||
| ������� | �������� | �������� | |||
| 1,169 | 53,454 | 54,623 | |||
| ������� | �������� | �������� | |||
| 8. | Expenditure on charitable activities by activity type | ||||
| Activities | |||||
| undertaken | Total funds | Total fund | |||
| directly Support costs | 2022 | 2021 | |||
| £ | £ | £ | £ | ||
| Activity | 70,052 | – | 70,052 | 53,173 | |
| Governance costs | – | 775 | 775 | 1,450 | |
| �������� | ���� | �������� | �������� | ||
| 70,052 | 775 | 70,827 | 54,623 | ||
| �������� | ���� | �������� | �������� |
11
Cresswell Pele Tower CIO
Notes to the Financial Statements (continued)
Year ended 31 August 2022
9. Net income
Net income is stated after charging/(crediting):
| Net income is stated after charging/(crediting): | |||
|---|---|---|---|
| 2022 | 2021 | ||
| £ | £ | ||
| Depreciation of tangible fixed assets | 34,907 | 31,834 | |
| �������� | �������� | ||
| 10. | Independent examination fees | ||
| 2022 | 2021 | ||
| £ | £ | ||
| Fees payable to the independent examiner for: | |||
| Independent examination of the financial statements | 775 | 775 | |
| ���� | ���� |
11. Staff costs
The average head count of employees during the year was Nil (2021: Nil).
No employee received employee benefits of more than £60,000 during the year (2021: Nil).
12. Trustee remuneration and expenses
During the year £7,500 (2021:£6,000)was paid to B Mead for Development consultancy services at market rate.
During the year £8,150 (2021: £8,045) was paid to S R Solutions NE Ltd a company in which D Lodge is a director at market rate.
13. Tangible fixed assets
| Fixtures and | Leasehold | ||
|---|---|---|---|
| fittings | improvements | Total | |
| £ | £ | £ | |
| Cost | |||
| At 1 September 2021 | 10,747 | 770,226 | 780,973 |
| Additions | 4,280 | 39,270 | 43,550 |
| �������� | ��������� | ��������� | |
| At 31 August 2022 | 15,027 | 809,496 | 824,523 |
| �������� | ��������� | ��������� | |
| Depreciation | |||
| At 1 September 2021 | 1,025 | 55,677 | 56,702 |
| Charge for the year | 2,527 | 32,380 | 34,907 |
| �������� | ��������� | ��������� | |
| At 31 August 2022 | 3,552 | 88,057 | 91,609 |
| �������� | ��������� | ��������� | |
| Carrying amount | |||
| At 31 August 2022 | 11,475 | 721,439 | 732,914 |
| �������� | ��������� | ��������� | |
| At 31 August 2021 | 9,722 �������� |
714,549 ��������� |
724,271 ��������� |
12
Cresswell Pele Tower CIO
Notes to the Financial Statements (continued)
Year ended 31 August 2022
| 14. | Debtors | ||
|---|---|---|---|
| 2022 | 2021 | ||
| £ | £ | ||
| Trade debtors | 25,000 | 9,628 | |
| Other debtors | 77 | – | |
| �������� | ������� | ||
| 25,077 | 9,628 | ||
| �������� | ������� | ||
| 15. | Creditors: amounts falling due within one year | ||
| 2022 | 2021 | ||
| £ | £ | ||
| Trade creditors | 1,475 | 1,243 | |
| Accruals and deferred income | 775 | 7,239 | |
| Social security and other taxes | – | 5,743 | |
| ������� | �������� | ||
| 2,250 | 14,225 | ||
| ������� | �������� | ||
| 16. | Deferred income | ||
| 2022 | 2021 | ||
| £ | £ | ||
| Amount deferred in year | – | 7,239 | |
| ���� | ������� | ||
| 17. | Analysis of charitable funds | ||
| Unrestricted funds |
| At | At | ||||||
|---|---|---|---|---|---|---|---|
| 1 | September | 31 August | 20 | ||||
| 2021 | Income | Expenditure | 22 | ||||
| £ | £ | £ | £ | ||||
| Unrestricted fund | - General funds | 661 | 7,915 | (7,933) | 643 | ||
| ���� | ������� | ������� | � | ��� | |||
| At | At | ||||||
| 1 | September | 31 August | 20 | ||||
| 2020 | Income | Expenditure | 21 | ||||
| £ | £ | £ | £ | ||||
| Unrestricted fund | - General funds | – | 1,830 | (1,169) | 661 | ||
| ���� | ������� | ������� | � | ��� |
13
Cresswell Pele Tower CIO
Notes to the Financial Statements (continued)
Year ended 31 August 2022
17. Analysis of charitable funds (continued)
Restricted funds
| Restricted funds | ||||
|---|---|---|---|---|
| At | At | |||
| 1 | September | 31 August 20 | ||
| 2021 | Income | Expenditure | 22 | |
| £ | £ | £ | £ | |
| Restricted fund | 784,687 | 85,736 | (68,255) | 802,168 |
| ��������� | �������� | �������� | ��������� | |
| At | At | |||
| 1 | September | 31 August 20 | ||
| 2020 | Income | Expenditure | 21 | |
| £ | £ | £ | £ | |
| Restricted fund | 438,661 | 399,480 | (53,454) | 784,687 |
| ��������� | ��������� | �������� | ��������� | |
| Analysis of net assets between funds | ||||
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2022 | ||
| £ | £ | £ | ||
| Tangible fixed assets | – | 732,914 | 732,914 | |
| Current assets | 1,471 | 70,676 | 72,147 | |
| Creditors less than 1 year | (828) | (1,422) | (2,250) | |
| ������� | ��������� | ��������� | ||
| Net assets | 643 | 802,168 | 802,811 | |
| ������� | ��������� | ��������� | ||
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2021 | ||
| £ | £ | £ | ||
| Tangible fixed assets | – | 724,271 | 724,271 | |
| Current assets | 661 | 74,641 | 75,302 | |
| Creditors less than 1 year | – | (14,225) | (14,225) | |
| ���� | ��������� | ��������� | ||
| Net assets | 661 | 784,687 | 785,348 | |
| ���� | ��������� | ��������� |
18. Analysis of net assets between funds
14
Cresswell Pele Tower CIO
Management Information
Year ended 31 August 2022
The following pages do not form part of the financial statements.
15
Cresswell Pele Tower CIO
Detailed Statement of Financial Activities
Year ended 31 August 2022
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| Income and endowments | ||
| Donations and legacies | ||
| Donations | 568 | – |
| Grants receivable | 85,736 | 92,783 |
| Grants for restoration (2021) | – | 306,697 |
| �������� | ��������� | |
| 86,304 | 399,480 | |
| �������� | ��������� | |
| Charitable activities | ||
| Books | 7,080 | 1,830 |
| Hire and events | 265 | – |
| ������� | ������� | |
| 7,345 | 1,830 | |
| ������� | ������� | |
| �������� | ��������� | |
| Total income | 93,649 | 401,310 |
| �������� | ��������� | |
| Expenditure | ||
| Costs of raising donations and legacies | ||
| Books | 2740 | – |
| Fundraising expenses | 2,619 | – |
| �������� | ��������� | |
| 5359 | – | |
| �������� | ��������� | |
| Expenditure on charitable activities | ||
| Volunteer coordinator costs | 5,268 | 5,701 |
| Insurance | 4,247 | 1,062 |
| Publicity | 500 | 4,607 |
| Legal and professional fees | 20,390 | 6,177 |
| Maintenance and gardening | 3,364 | 1,169 |
| Bank charges | 174 | 79 |
| Depreciation | 34,907 | 31,834 |
| Volunteer expenses and other sundry costs | 1,688 | 3,837 |
| Administration services | 289 | 157 |
| �������� | �������� | |
| 70,827 | 54,623 | |
| �������� | �������� | |
| �������� | �������� | |
| Total expenditure | (76,186) | (54,623) |
| �������� | �������� | |
| �������� | ��������� | |
| Net income | 17,463 | 346,687 |
| �������� | ��������� |
16
Cresswell Pele Tower CIO
Notes to the Detailed Statement of Financial Activities
Year ended 31 August 2022
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| Costs of raising donations and legacies | ||
| Costs of raising donations and legacies | ||
| Books | 2,740 | – |
| Fundraising exepenses | 2,619 | – |
| ������� | ���� | |
| 5,359 | – | |
| ������� | ���� | |
| ������� | ���� | |
| Costs of raising donations and legacies | 5,359 | – |
| ������� | ���� | |
| Expenditure on charitable activities | ||
| Activity | ||
| Activities undertaken directly | ||
| Volunteer coordinator costs | 5,268 | 5,701 |
| Insurance | 4,247 | 1,062 |
| Publicity | 500 | 4,607 |
| Legal and professional fees | 19,615 | 4,727 |
| Maintenance and gardening | 3,364 | 1,169 |
| Bank charges | 174 | 79 |
| Depreciation | 34,907 | 31,834 |
| Volunteer expenses and other sundry costs | 1,688 | 3,837 |
| Administration services | 289 | 157 |
| �������� | �������� | |
| 70,052 | 53,173 | |
| �������� | �������� | |
| Governance costs | ||
| Governance costs - accountancy fees | 775 | 1,450 |
| ���� | ������� | |
| �������� | �������� | |
| Expenditure on charitable activities | 70,827 �������� |
54,623 �������� |
17