The Battersby Hall Charity Financial Statements 31 December 2020 Charlty Number 11rn)23 Keswick ACCOUNTANTS
The Battersby Hall Charity
Index to the Financial Statements for the year ended 31 December 2020
| Page | |||
|---|---|---|---|
| Charity Information | 1 | ||
| Trustees' Report | 2 | - | 3 |
| Independent Examiner's Report | 4 | ||
| Statement of Financial Activities | 5 | ||
| Balance Sheet | 6 | ||
| Notes to the Financial Statements | 7 | - | 10 |
The Battersby Hall Charity
Charity Information for the year ended 31 December 2020
Charity Number 1177023 - formally 526872 Board of Trustees Mr Antony Lywood (Keswick Town Council) Mr David Leighton (Parish of Keswick St John) Rev'd Charles Hope (Ex-officio) Mr Ray Sheldon (Keswick Lions) Mr George Page (Parish of Keswick St John) Mr John Hayes (Keswick Rotary Club)
Independent Examiner Frances Clark Keswick Accountants 4 Leonard Street Keswick CA12 4EJ Bankers NatWest 24 Devonshire Street Penrith Cumbria CA11 7ST
Page 1
The Battersby Hall Charity
Trustees Annual Report for the year ended 31 December 2020
The trustees present their report and the unaudited financial statements of the charity for the year ended 31 December 2020.
Legal Status
The Battersby Hall is a Charitable Incorporated Organisation (CIO).
Organisation
There are no paid members of staff. The trust is administered entirely by the Trustees.
Structure, Governance and Management Governing Document
The Governing document is the constitution of the CIO dated 6 February 2018.
Appointment of Trustees (Executive Committee)
The vicar of the Parish of Keswick St. John is an ex-officio trustee. The other five trustees are appointed as follows - two by St. John's PCC and one each by Keswick Town Council, Keswick Lions and Keswick Rotary.
Risk Assessment
The Trustees have examined the major strategic, business and operational risks which the charity faces and confirms that systems have been established to enable regular reports to be produced so that the necessary steps can be taken to lessen these risks.
Investment Policy
The trustees have the power to invest in such assets as they see fit.
The Battersby Hall Charity seeks to produce the best level of financial return within an acceptable level of risk.
It’s overall objective is to create sufficient income and capital growth to enable the charity to carry out its purposes consistently year by year with due and proper consideration for future needs and the maintenance of, and if possible, enhancement of the value of its property assets and the invested funds while they are retained.
Both capital and income may be used at any time for the furtherance of the charity’s aims if formally approved by the trustees.
The performance of investments in funds will be reviewed annually and where possible compared against industry benchmarks.
Sufficient cash assets to fund known expenditure for the next six months will be held in an easy access interest bearing account with an approved UK financial institution
Objectives and Activities
Summary of the objects as set out in the governing document: -
The provision and maintenance of a Hall for the education and use of the inhabitants of Keswick without distinction of political, religious or other opinions, including use of meetings, lectures and classes and for other forms of recreation and leisure-time occupation with the object of improving the conditions of life for the said inhabitants.
Page 2
The Battersby Hall Charity
Report of the Trustees, contd. for the year ended 31 December 2020
Summary of main activities in relation to these objects
The Trustees are planning major external refurbishment works to ensure the Moot Hall (a listed building) remains usable and in a good state of repair for many years to come. This work is expected to start in the summer of 2021. Meanwhile the building continues to be used to disseminate information and, in future, could be used for further appropriate educational purposes. During this year the Covid-19 crisis has given the Trust an opportunity to fulfil its wider objectives through educational support to those most affected by this crisis.
Achievements and Performance
The sitting tenant (until 2026) continues to use the hall for the purposes which are within the broad objectives of the trust. The rent paid by the tenant contributes to the maintenance of the hall. Meanwhile the trust has supported 41 families (including 95 school age children) with grants to purchase educational support equipment to allow them to obtain full benefit from home schooling during the Covid-19 pandemic. An amendment to the trust’s objectives, better to reflect the modern working of the trust, will be submitted to the Charity Commission in early 2021.
Financial Review
Policy on reserves
The trust aims to maintain reserves in suitable notice accounts to fulfill all foreseeable requirements to maintain the hall in a safe and usable state.
Declaration
The Trustees who served during the year are detailed on page one.
Signed by order of the Trustees
Mr A J Lywood - Chair
Date 07 September 2021
Page 3
The Battersby Hall Charity
Independent Examiners Report for the year ended 31 December 2020
I report on the accounts for the Trust for the year ended 31 December 2020 which are set out on pages 5 - 10.
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 4
The Battersby Hall Charity
| Statement of Financial Activities for the year ended 31 December 2020 Notes INCOMING RESOURCES Incoming resources from generated funds Voluntary income Grants receivable 2 Investment income 3 Incoming resources from charitable activities Rental Income 4 Total incoming resources RESOURCES EXPENDED Charitable activities Grants payable 5 Property costs 6 Governance costs 7 Total expenditure Net incoming / (outgoing) resources Unrealised gain on revaluation of investments Net movement in funds Total funds brought forward Total funds carried forward 13 |
31 December 2019 Un-restricted Restricted Total Total £ £ £ £ - - - 3,665 17,648 - 17,648 18,637 12,750 - 12,750 9,563 30,398 - 30,398 31,865 13,345 - 13,345 - 5,542 - 5,542 2,624 - - - 1,304 18,887 - 18,887 3,928 11,511 - 11,511 27,937 35,740 - 35,740 54,279 47,251 - 47,251 82,216 845,818 - 845,818 763,602 893,069 - 893,069 845,818 31 December 2020 |
31 December 2019 Un-restricted Restricted Total Total £ £ £ £ - - - 3,665 17,648 - 17,648 18,637 12,750 - 12,750 9,563 30,398 - 30,398 31,865 13,345 - 13,345 - 5,542 - 5,542 2,624 - - - 1,304 18,887 - 18,887 3,928 11,511 - 11,511 27,937 35,740 - 35,740 54,279 47,251 - 47,251 82,216 845,818 - 845,818 763,602 893,069 - 893,069 845,818 31 December 2020 |
|---|---|---|
| 31,865 | ||
| - 2,624 1,304 |
||
| 3,928 | ||
| 27,937 | ||
| 54,279 | ||
| 82,216 763,602 |
||
| 845,818 |
The notes form part of these financial statements
Page 5
The Battersby Hall Charity
| Balance Sheet as at 31 December 2020 Notes 31 December 2020 £ £ Fixed Assets Tangible fixed assets 9 255,000 Investments 10 510,017 Current Assets Debtors 11 255 Cash at bank and in hand 130,984 131,239 Creditors: amounts falling due within one year Creditors and accruals 12 3,187 Net Current Assets 128,052 Total Assets less Current Liabilities 893,069 Creditors: amounts falling due in more than one year - NET ASSETS 893,069 Funds Restricted funds 13 - Unrestricted funds 893,069 13 893,069 |
31 December 2019 £ £ 255,000 474,276 - 119,729 119,729 3,187 116,542 845,818 - 845,818 - 845,818 845,818 |
31 December 2019 £ £ 255,000 474,276 - 119,729 119,729 3,187 116,542 845,818 - 845,818 - 845,818 845,818 |
|---|---|---|
| 119,729 3,187 |
||
| 845,818 - |
||
| 845,818 | ||
| - 845,818 |
||
| 845,818 |
Approved by the trustees and signed on their behalf
Mr A J Lywood - Chair Date: 07 September 2021
The notes form part of these financial statements
Page 6
The Battersby Hall Charity
Notes to the Financial Statements for the year ended 31 December 2020
- 1 Accounting Policies
General
These accounts have been prepared under the historical cost convention and in accordance with applicable accounting standards, including the accruals concept, the Charities SORP 2005 (Statement of Recommended Practice), and the Charities Act 2011.
Property
Property owned by the Trust is included on the balance sheet at cost.
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 an accrual basis and included in the accounts when it becomes payable.
Expenditure
Expenditure is accounted for on an accruals 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. Any legal or professional costs are classified as governance costs. The costs of generating funds are separately indentified.
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 trustess 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 7
The Battersby Hall Charity
Notes to the Financial Statements for the year ended 31 December 2020
| 2 Grants receivable Allerdale Borough Council 3 Investment income Bank interest received Dividends received 4 Rental Income Moot Hall rent 5 Grants payable Food bank COVID Support grants 6 Property Costs Insurance Premises repairs Stationery 7 Governance Costs Legal costs |
December 2019 Unrestricted Restricted Total £ £ £ £ - - - 3,665 - - - 3,665 493 - 493 735 17,155 - 17,155 17,902 17,648 - 17,648 18,637 12,750 - 12,750 9,563 12,750 - 12,750 9,563 1,000 - 1,000 - 12,345 - 12,345 - 13,345 - 13,345 - 2,384 - 2,384 2,402 3,154 - 3,154 218 4 - 4 4 5,542 - 5,542 2,624 - - - 1,304 - - - 1,304 31 December 2020 |
December 2019 Unrestricted Restricted Total £ £ £ £ - - - 3,665 - - - 3,665 493 - 493 735 17,155 - 17,155 17,902 17,648 - 17,648 18,637 12,750 - 12,750 9,563 12,750 - 12,750 9,563 1,000 - 1,000 - 12,345 - 12,345 - 13,345 - 13,345 - 2,384 - 2,384 2,402 3,154 - 3,154 218 4 - 4 4 5,542 - 5,542 2,624 - - - 1,304 - - - 1,304 31 December 2020 |
|---|---|---|
| 3,665 | ||
| 735 17,902 |
||
| 18,637 | ||
| 9,563 | ||
| 9,563 | ||
| - - |
||
| - | ||
| 2,402 218 4 |
||
| 2,624 | ||
| 1,304 | ||
| 1,304 |
8 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.
Page 8
The Battersby Hall Charity
Notes to the Financial Statements for the year ended 31 December 2020
9 Tangible Fixed Assets
| COST At 1 January 2020 Additions Disposals At 31 December 2020 DEPRECIATION At 1 January 2020 Charge for year Eliminated on disposals At 31 December 2020 NET BOOK VALUE At 31 December 2020 At 31 December 2019 10 Investments At 1 January 2020 Increase in value of investments Value at 31 December 2020 |
Property £ 255,000 - - 255,000 - - - - 255,000 255,000 £ 474,276 35,741 510,017 |
TOTAL £ 255,000 - - |
|---|---|---|
| 255,000 | ||
| - - - |
||
| - | ||
| 255,000 | ||
| 255,000 | ||
| 11 | Debtors | 31 December 2020 | 31 December 2019 |
|---|---|---|---|
| £ | £ | ||
| Other debtors | 255 | - | |
| 255 | - |
12 Creditors: amounts falling due within one year
31 December 2020 31 December 2019 £ £ Trade creditors Deferred income 3,187 3,187 3,187 3,187
Page 9
The Battersby Hall Charity
Notes to the Financial Statements for the year ended 31 December 2020
| 13 Net Assets by fund Tangible fixed assets Investments Current assets Creditors: amounts falling due within one year Total net assets |
Restricted Unrestricted Total £ £ £ - 255,000 255,000 - 510,017 510,017 - 131,239 131,239 - (3,187) (3,187) |
|---|---|
| - 893,069 893,069 |
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