2023-12-31-accounts - Broughton War Memorial Institute

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Broughton War Memorial Institute CIO

Trustees Report

Bankers HSBC Contact Information broughtonwmi@gmail.com Address Broughton War Memorial Institute Main Road Broughton Flintshire CH4 0NN

The Trustees present their annual report with the accounts of the charity for the year ended the 31st of December 2023.

THE OBJECTS OF THE CHARITY

The objects of Broughton War Memorial Institute CIO (here in after 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 meetings, lectures and classes and 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 Trustees meeting.

GOVERNANCE AND MANAGEMENT STRUCTURE

BWMI is a charitable incorporated organisation (Foundation Structure), who’s only voting members are its Trustees, which was registered on the 7th of September 2020. The CIO shall have a Board of Trustees comprising at least three 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 bimonthly.

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 back to pre COVID levels. During the year the hall has been hired for birthdays parties, bingo nights, a Remembrance Day service and other activities. These events have been well attended and we are hoping to continue to hold similar events throughout 2024.

The regular hirers of the hall are as follows:

Senior residents meeting each week on Wednesdays, Women's Institute meeting bimonthly on a Monday, Slimming World who meet three times per week and Dancing Gemz. The latter provides dance classes for children of all ages. There is an annex 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 take place four times a week. The classes are very well attended.

There is also a separate building which holds 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 THE FUTURE

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 far 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 so that we can improve the toilet facilities at the institute in particular to enable easy access for people with a disability.

Ongoing maintenance work will be carried out to ensure the buildings are kept in good running order.

FINANCIAL REVIEW

BWMI’s policy on financial 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 will be 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

09 September 2024

Signed By

Linda Thomas Committee Member BWMI Treasurer

e Howell & Co.Johnstone Howell & Co.Johnstone Howell & Co.Johnstone H Chartered Accountants Our Ref: ECIKGIB148 FaWf$ House 1 104 WIMtty knd l Elh5m¢ Pvt I Cheshire I CH65 OAB tel.. 0151 356 1496 ftl." 0151 557 1855 The Directors Broughton War Memorial Inslitute Main Road Broughton Chester Cheshire CH4 ONN accountsnts•john5tonÈhDwelLctyL V¥JohnstonehI1.CoWk 21 August 2024 Dear Sirlmadam We are pleased to enclose the independent examinerfs report and accounts for the year ended 31 December 2023. As this now completes our work to date we enclose a note of our fees for your kind attention. Yours faithfully .. A M B¥yll FCA Mrs E.( FCCA P4iS¢etEd •wl in the ix and IrE1W Institute OIChKte EnaThd Wa ICAEW CHARTERED ACCOUNTANTS ACCOUNTANTS YOU CAN COUNT ON

Independent examinerfs report to the trustees of Brou8hton War Memorlal Instltute I report to the trustees on my examination of the accounts of the Brou8hton War Memorial Instltute for the year ended 31 Dernber 2023. Responslbllltles and basis of report As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charitie5 Act 20111'the ACVI. I report in respert of my examination of the Trusys accounts 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 14515llbl of the Art. Independent examinerfs 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 Trust as required by section 130 of the Act,. or 2. the accounts do accord with those records. I have no concerns and have come across no other matters in connection with the examination to which attention should be drdwn in this report in order to enable a proper understanding of the accounts to be reached. Name.. Address.. 104 Whitby Road. Ellesmere Port. Cheshire, CH65 OAB Date: 2110812024

Broughton War Memorial Institute Profit and Loss Report 01 January. 2023. 31 December. 2023 Sales 4000- Tenants 104.00 4001 RUlar hire 18,301.75 4002- One off hire 1.888.50 4004. Grant5 4.$00.00 4008- Bank interest received 245.42 4900- (Xher in(x)me 89.00 Total Sale5 £25,128.67 Dlroel Expenses 5L)00- Cost of r8imbur58 experws 241.25 Tctrtsl Dlr¢¢t Expen$¢8 £241.25 GROSS PROFIT I LOSS £24,887.42 ¢rh• 5020- Caretaker 3.588.00 7110- Water Rates 600.64 7120- General Rates 732.80 7130- Pferni585 Idsurance 796.( 7200- Eleclricrty 2,181.40 7210-Gas 337.25 7500- Printing & StatiOrry 73.24 7530- Telephone 415.20 7550- Computer & Software 377.99 7610- Accountancy Fees 574.50 7620- Ccnsuttancy & Prolesswjnal Fee5 35.00 21 A2024 09."22 Pallè1012

7800- RepaiTS and M8intenarKe 15.468.95 7805- FirelHeallh & Safety 663.60 7815. Window Cleaning 120.00 7900. Bank Charges and Interest 68.42 8200- Sundry Expense5 144.60 8210- Subs¢ripthJns 52.80 Total Overhead8 £26.230.45 NET PROFIT I LOSS -£1.343.03 21 3J24 0922 P•302Df2

Broughton War Memorial Institute Balance Sheet Report Tth 31 D8G8ffltsr. 2023 ASSETS Flxed Assets Total Flxod A8s•¢s £O.OD Current Assets 1200- 8WMI Current Account 22,546.63 1210- Petycash 13.50 1220- 8WMI Reserve Account 17.516.02 Total Current Assets £40.076.15 TOTAL ASSETS £40,078.15 LIABILITIES Current Llabilltles Total Current Liabilities £0.00 Futur¢ Liabilitie5 Total Futur* Liabilities £0.00 TOTAL LIABILITIES £0.00 TOTAL NET ASSETS £40,076.15 21 2024 09.'23 Pa#è101Z

EQUtrY N8t Profit l Loss 40,076.15 Net Profit/Loss Iprioryearfsjj 41.419.18 Net Profjt/Loss (CUfrT8ntyear) .1.343.03 TOTAL EQUITY £40,076.15 21 2024 09.-23 Pay2of2