## **Broughton War Memorial Institute CIO**
## **Financial Statements For the Year Ended 31st December 2021**
**Charity Number 1191165**
## **Broughton War Memorial Institute CIO**
## **Index To The Financial Statements**
**For the Year Ended 31st December 2021**
## **Page**
Charity Information 2 Trustees’ Report 3-4 Independent Examiners Report 5 Receipts and Payments 6-7 Notes to the Financial Statements 8
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## **Broughton War Memorial Institute CIO**
**For the Year Ended 31st December 2021**
## **CHARITY INFORMATION**
**TRUSTEES**
Josephine Wanda Horrocks Lisa Buckley Linda Thomas
**CHARITY NUMBER 1191165**
**BANKERS**
**HSBC**
**CONTACT INFORMATION** broughtonwmi@gmail.com
Address
Broughton War Memorial Institute Main Road Broughton Flintshire CH4 0NN
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## **Broughton War Memorial Institute CIO**
## **Trustees’ Report**
The Trustees present their annual report with the accounts of the charity for the Year Ended 31st December 2021.
## **THE OBJECTS OF THE CHARITY**
The objects of Broughton War Memorial Institute CIO (hereinafter referred to as BWMI) are:
THE OBJECTS OF THE CIO ARE: THE PROVISION AND MAINTENANCE OF A VILLAGE HALL FOR THE USE OF THE INHABITANTS OF BROUGHTON AND DISTRICT WITHOUT DISTINCTION OF POLITICAL, RELIGIOUS OR OTHER OPINIONS, INCLUDING USE FOR: (A) MEETINGS, LECTURES AND CLASSES; AND (B) OTHER FORMS OF RECREATION AND LEISURE-TIME OCCUPATION, WITH THE OBJECT OF IMPROVING THE CONDITIONS OF LIFE FOR THE INHABITANTS.
In planning our activities for the year we kept in mind the Charity Commission’s guidance on public benefit at our trustee meetings.
## **GOVERNANCE AND MANAGEMENT STRUCTURE**
BWMI is a Charitable Incorporated Organisation (Foundation Structure) whose only voting members are its trustees which was registered on 07 September 2020. The CIO shall have a Board of Trustees comprising at least 3 persons. New Trustees may be recruited to the Board at any time by the Trustees. In selecting individuals for appointment as Trustees, the Trustees must have regard to the skills, knowledge and experience needed for the effective administration of the CIO. The Trustees may, by and from their number and from time to time, elect such officers (e.g. chair, secretary, treasurer) as they see fit.
The Institute Committee meet in the hall bi monthly. During the pandemic this was not possible therefore the meetings were conducted via the zoom facility.
## **ACHIEVEMENTS AND PERFORMANCE IN THE YEAR**
The Memorial Hall was provided by Gladstone Estates to be used by the residents of Broughton village for hire and recreational events. The Trustees are very pleased that the use of the hall is almost back to pre COVID levels. During the year the hall has been hired for birthday parties, bingo nights, a Remembrance Day service and a summer fayre. These events have been well attended and we are hoping to continue to hold similar events throughout 2023.
The regular hirers of the hall are as follows:
Senior resident meeting each week on Wednesday, Women's Institute meeting bi-monthly on a Monday, Slimming world who meet 3 times per week and Dancing Gemz. The latter provides dance classes for children of all ages. There is an annexe to the main hall which is provided for the use of the group. It is used most days of the week and is a really well attended provision which is greatly appreciated by the parents who take their children to the dance classes. Boxing classes which place 4 times per week. The classes are very well attended.
There is also a separate building which hold meetings for the local Scout group and there is also a separate building used by the Bowling club, attended mostly by our Senior residents. Both these facilities are well utilised.
## **PLANS FOR FUTURE PERIODS**
The hall and annexes will continue to be used on a regular basis and will be available for hire for functions.
The Committee will continue to encourage the local residents to use the facility as much as possible.
The Committee will continue to hold events to raise money towards the running costs and also to help other charities in the village.
We are in the process of applying for grants in order that we can improve the toilet facilities at the Institute, in particular to enable easier access for people with a disability,
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Ongoing maintenance work will be carried out to ensure the buildings are kept in good running order.
## **FINANCIAL REVIEW**
BWMIs' policy on reserves is to hold sufficient resources to continue the charitable activities of the BWMI should income and fundraising activities fall short.
Any surplus funds which are not likely to be needed to pay for activities are placed on deposit to earn interest.
Furthermore there is an ever increasing need for us to ensure that those to whom we direct our resources are the most suitable recipient and that we continue our prudent management of outgoings.
We need to increase these unrestricted funds in order to meet any unforeseen expenditure that may occur, for example property repairs.
Approved by the Trustees on
Signed on its behalf
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Independtnt examinerfs report to the trustees of 8rou8hton War Memorial In5tttute
I report to the trustees on my examinatvjn of ihe accounts of the Broughton War Memorial Instilute
for the year ended 31 December 2021.
Responsibilities and basls of report
As the charlty trustee5 of Trust you are responsible for the preparalion of the accounts in
accordance with the requirements of the Charitles Act 20111'thE Act'l.
I report in respect of my examinaiion of the Trust's attount5 c3rrled out under sectlon 145 of the
2011 Act and in carrying OLJt my examlnation I have followed all the applicable Di¢110n5 gNen by the
Charity Commlsslon under section 14SISllbl of the Act.
Independent examSnerfs statement
I have Completed my examination. I confirm that no mattrial matters have come to my attention in
connectlon with the examination giving me cause io believe that in any material respert..
L accounting records were nct kept In respect of the TNst as requlred by sectbn 130 of the Act..
or
Ihe aCttsunt5 do nol accord with tlv)se record5.
I have no concerns ènd have come across no other matters In connecilon wtih ihe examination to
which aiieniion shtsvld be drawn in thls report in order to enable a proper understandin8 of ihe
accounts to be reached.
Name..
ELrtih£ o) cf Co.
Addre5s-. 104 Whrtby Road, Elk5mere PorL Cheshire, CH6S OAB
Datt.. 3010912022
## **Broughton War Memorial Institute Statement of Financial Activities**
**----- Start of picture text -----**
Charity Name No (if any)
Broughton War Memorial Institute 1191165
Receipts and payments accounts CC16a
For the period Period start date Period end date
To
from 01/01/2021 31/12/2021
Section A Receipts and payments
Unrestricted Restricted Endowment
Total funds Last year
funds funds funds
to the nearest
to the nearest £ to the nearest £ to the nearest £ to the nearest £
£
A1 Receipts
- - - - -
Tenants 2,627 - - 2,627 -
Regular Hire 8,245 - - 8,245 -
One off Hire 600 - - 600 -
Fundraising 86 - - 86 -
Grants 1,660 - - 1,660 -
Donations 1,070 - - 1,070 -
- - - - -
Sub total (Gross income for
14,287 - - 14,287 -
AR)
A2 Asset and investment sales,
(see table).
- - - -
- - - - -
Sub total - - - - -
Total receipts 14,287 - - 14,287 -
A3 Payments
Caretaker 3,980 - - 3,980 -
Rates 257 - - 257 -
Utilities 4,063 - - 4,063 -
Telephone & Broadband 406 - - 406 -
Insurance 857 - - 857 -
Maintenance, Repairs, H&S 710 - - 710 -
Cleaning 1,427 - - 1,427 -
Sundry 170 - - 170 -
Bank - 1 - - - 1 -
Sub total 11,869 - - 11,869 -
A4 Asset and investment
purchases, (see table)
- - - -
- - - -
Sub total - - - - -
Total payments 11,869 - - 11,869 -
Net of receipts/(payments) 2,418 - - 2,418 -
A5 Transfers between funds - - - - -
A6 Cash funds last year end 27,915 - - 27,915 -
Cash funds this year end 30,333 - - 30,333 -
**----- End of picture text -----**
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Section B Statement of assets and liabilities at the end of the period
U nrestrct
Rest[ted
E rthwiErn
furKI$
Ca
De4Jil$
Ibn*atèst£
B1 Cashfunds
1fi337
11849
Tota funds
3>3
## **Broughton War Memorial Institute**
## **Notes forming part of the Financial Statements for the Year Ended 31st December 2021**
## **1 ACCOUNTING POLICIES**
## **Basis of Accounting**
The Financial Statements have been prepared in accordance with the guidelines of the Charity Commission on a receipts and payments basis.
## **2 FUNDS**
## **Fund Accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the Charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
## **Unrestricted Funds**
The Trustees have resolved that the financial reserves of the Charity should be reviewed on a regular basis and that adequate provision is made for unforeseen expenses whilst also being minded that reserves should not be held without valid reason.
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