The Battersby Hall Charity
Financial Statements
31 December 2022
Charity Number 1177023
Keswick
ACCOUNTANTS
## **The Battersby Hall Charity**
## **Index to the Financial Statements for the year ended 31 December 2022**
||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 2022**
**Charity Number** 1177023 **Board of Trustees** Mr Antony Lywood (Keswick Town Council) Mrs Brenda Mumford (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 CA11 7ST Barclays 51 Moseley Street Manchester M60 2AU
Page 1
## **The Battersby Hall Charity**
## **Trustees Annual Report for the year ended 31 December 2022**
The trustees present their report and the unaudited financial statements of the charity for the year ended 31 December 2022.
## **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.
The Trustees who served during the year were:Mr A Lywood (Keswick Town Council) Rev'd C Hope (ex Officio) Mr R Sheldon (Keswick Lions) Mr G Page (St John's PCC) Mr J Hayes (Keswick Rotary) Mrs B Mumford (St John's PCC)
## **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.
Its 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
Page 2
## **The Battersby Hall Charity**
## **Report of the Trustees, contd. for the year ended31 December 2022**
## **Objectives and Activities**
## **Summary of the objects as set out in the governing document:** -
a. The provision and maintenance of a building for the education and use of the inhabitants of the Keswick area without distinction of political, religious or other opinions and
b. The provision of meetings, lectures and classes and for other forms of education , recreation and leisure-time occupation with the object of improving the conditions of life for the said inhabitants without distinction of political, religious or other opinions
## **Summary of main activities in relation to these objects**
The planned major external refurbishment works on the Moot Hall in Keswick were completed during the year with just some low level painting work still outstanding. The Moot Hall is now in a good state of repair and should remain an asset to the Trust for many years to come. Throughout the works, the building continued to be used to disseminate information and it can now also be used for other appropriate educational purposes. The Trust has fulfilled its wider objectives by supporting students undertaking further education courses in local colleges while continuing to give educational support to those especially affected by the cost of living 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.
In 2022 the Battersby Hall Charity using its powers under clause 4.6 of the constitution made local education grants totalling £19,725. This included grants to 14 school leavers towards their travel and other costs while undertaking courses in Cumbrian colleges and training facilities. Another 57 local families have also received education support grants towards their general education costs (school uniform etc).
Each of the five local primary schools (Braithwaite, Bassenthwaite, Threlkeld, Borrowdale and St Herbert’s) received grants of £500 towards reading books and musical instruments . A further grant of £800 was made to Keswick School to purchase music stands .
## **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.
Signed by order of the Trustees
Rev'd Charles Hope - Chair
Date: 24 July 2023
Page 3
## **The Battersby Hall Charity**
## **Independent Examiners Report for the year ended 31 December 2022**
I report on the accounts for the Trust for the year ended 31 December 2022 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 2022**
**Notes**
**INCOMING RESOURCES**
**Incoming resources from**
**generated funds**
Investment income
2
**Incoming resources from**
**charitable activities**
Income from charitable activities
3
**Total incoming resources**
**RESOURCES EXPENDED**
**Charitable activities**
Grants payable
4
Property costs
5
**Governance costs**
6
**Total expenditure**
**Net incoming / (outgoing) resources**
**Unrealised (loss) / gain on revaluation of**
**investments**
**Net movement in funds**
Total funds brought forward
**Total funds carried forward**
12|**31 December 2021**
Un-restricted Restricted
Total
Total
£
£
£
£
14,012
-
14,012
17,474
39,634
-
39,634
12,750
53,646
-
53,646
30,224
19,725
-
19,725
10,655
44,233
-
44,233
136,896
-
-
-
-
63,958
-
63,958
147,551
(10,312)
-
(10,312)
(117,327)
(57,320)
-
(57,320)
73,271
(67,632)
-
(67,632)
(44,056)
849,013
-
849,013
893,069
781,381
-
781,381
849,013
**31 December 2022**|**31 December 2021**
Un-restricted Restricted
Total
Total
£
£
£
£
14,012
-
14,012
17,474
39,634
-
39,634
12,750
53,646
-
53,646
30,224
19,725
-
19,725
10,655
44,233
-
44,233
136,896
-
-
-
-
63,958
-
63,958
147,551
(10,312)
-
(10,312)
(117,327)
(57,320)
-
(57,320)
73,271
(67,632)
-
(67,632)
(44,056)
849,013
-
849,013
893,069
781,381
-
781,381
849,013
**31 December 2022**|
|---|---|---|
|||30,224|
|||10,655
136,896
-|
|||147,551|
|||(117,327)|
|||73,271|
|||(44,056)
893,069|
|||849,013|
The notes form part of these financial statements
Page 5
## **The Battersby Hall Charity**
|**Balance Sheet**
**as at**
**31 December 2022**
**Notes**
**31 December 2022**
£
£
**Fixed Assets**
Tangible fixed assets
8
255,000
Investments
9
442,240
**Current Assets**
Debtors
10
32,461
Cash at bank and in hand
56,292
88,753
**Creditors: amounts falling due within one year**
Creditors and accruals
11
4,612
**Net Current Assets**
84,141
**Total Assets less Current Liabilities**
781,381
**Creditors: amounts falling due in more than one year**
-
**NET ASSETS**
781,381
**Funds**
Restricted funds
12
-
Unrestricted funds
781,381
12
781,381|**31 December 2021**
£
£
255,000
543,048
11,383
68,350
79,733
28,768
50,965
849,013
-
849,013
-
849,013
849,013|**31 December 2021**
£
£
255,000
543,048
11,383
68,350
79,733
28,768
50,965
849,013
-
849,013
-
849,013
849,013|
|---|---|---|
||79,733
28,768||
|||849,013
-|
|||849,013|
|||-
849,013|
|||849,013|
Approved by the trustees and signed on their behalf
Rev'd Charles Hope - Chair Date: 24 July 2023
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 2022**
- 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 2022**
|**2**
**Investment income**
Bank interest received
Dividends received
**3**
**Income from charitable activities**
Moot Hall rent
Insurance claim
**4**
**Grants payable**
Educational Support grants
**5**
**Property Costs**
Insurance
Premises repairs
Computer and stationery
Bank charges
**6**
**Governance Costs**
Legal costs|**December 2021**
Unrestricted
Restricted
Total
£
£
£
£
657
-
657
182
13,355
-
13,355
17,292
14,012
-
14,012
17,474
12,750
-
12,750
12,750
26,884
-
26,884
-
39,634
-
39,634
12,750
19,725
-
19,725
10,655
19,725
-
19,725
10,655
5,733
-
5,733
3,796
38,256
-
38,256
133,050
173
-
173
50
71
-
71
-
44,233
-
44,233
136,896
-
-
-
-
-
-
-
-
**31 December 2022**|**December 2021**
Unrestricted
Restricted
Total
£
£
£
£
657
-
657
182
13,355
-
13,355
17,292
14,012
-
14,012
17,474
12,750
-
12,750
12,750
26,884
-
26,884
-
39,634
-
39,634
12,750
19,725
-
19,725
10,655
19,725
-
19,725
10,655
5,733
-
5,733
3,796
38,256
-
38,256
133,050
173
-
173
50
71
-
71
-
44,233
-
44,233
136,896
-
-
-
-
-
-
-
-
**31 December 2022**|
|---|---|---|
|||17,474|
|||12,750
-|
|||12,750|
|||10,655|
|||10,655|
|||3,796
133,050
50
-|
|||136,896|
|||-|
|||-|
## **7 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 2022**
## **8 Tangible Fixed Assets**
||||Property|TOTAL|
|---|---|---|---|---|
||**COST**||£|£|
||At
1 January 2022||255,000|255,000|
||Additions||-|-|
||Disposals||-|-|
||At
31 December 2022||255,000|255,000|
||**DEPRECIATION**||||
||At
1 January 2022||-|-|
||Charge for year||-|-|
||Eliminated on disposals||-|-|
||At
31 December 2022||-|-|
||**NET BOOK VALUE**||||
||**At 31 December 2022**||255,000|255,000|
||||||
||**At 31 December 2021**||255,000|255,000|
|**9**|**Investments**||£||
||At
1 January 2022||543,048||
||Disposals||(143,488)||
||Additions||100,000||
||Increase/(decrease) in value of investmen||(57,320)||
||At
31 December 2022||442,240||
|**10**|**Debtors**|**31 December 2022**||**31 December 2021**|
||||£|£|
||VAT||5,577|11,383|
||Other debtors||26,884|-|
||||32,461|11,383|
|**11**|**Creditors: amounts falling due within one year**||||
|||**31 December 2022**||**31 December 2021**|
||||£|£|
||Trade creditors||1,425|4,422|
||Deferred income||3,187|3,187|
||Accruals||-|21,159|
||||4,612|28,768|
Page 9
## **The Battersby Hall Charity**
**Notes to the Financial Statements for the year ended 31 December 2022**
|**12**
**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
-
442,240
442,240
-
88,753
88,753
-
(4,612)
(4,612)|
|---|---|
||-
781,381
781,381|
Page 10