#
##
##
|REFERENCE AND ADMINISTRATIVE
DETAILS|REFERENCE AND ADMINISTRATIVE
DETAILS|REFERENCE AND ADMINISTRATIVE
DETAILS|OF THE CHARITY, ITSTRUSTEES AND ADVISERS|OF THE CHARITY, ITSTRUSTEES AND ADVISERS|OF THE CHARITY, ITSTRUSTEES AND ADVISERS|
|---|---|---|---|---|---|
|||FOR THE YEAR|END|31 MARCH 2022||
|Trustees||Captain J.E. Evans||||
|||Councillor P.Jackson (appointed|||8 December 2021)|
|||Councillor R. Bruce, Vice|Chair|(appointed
8 December 2021)||
|||Councillor G, Brown (appointed||8|December 2021)|
|||Councillor R. Driver (appointed||8|December 2021, resigned 25 March 2022)|
|||Councillor A. Bowlas (resigned||25 March 2022)||
|||Mr D. Fairnell||||
|||Mr D. B.P. Herriott||||
|||Mr A. W. Herriott||||
|||Mr M.W. Herriott,
Chair||||
|||Mr M. Greener (appointed|29 April 2022)|||
|||Mrs C.Bruce (appointed|25 March 2022, resigned 30 September 2022)|||
|||Councillor
H. Bettison (resigned||8 December 2021)||
|||Councillor G. Roughead|(resigned||8 December 2021)|
|||Councillor A. Forbes (resigned||8 December 2021)||
|||Councillor T.Forrester (resigned|||8 December 2021)|
|Charity registered||||||
|number||222154||||
|Principal office||Town
Hall||||
|||Marygate||||
|||Berwick upon Tweed||||
|||TD15 1BN||||
|Independent|auditors|Kinnair Associates
Limited||||
|||Chartered
Accountants||||
|||Aston House||||
|||Redburn
Road||||
|||Wcaterhope||||
|||Newcastle
upon Tyne||||
|||NE5 1NB||||
|Bankers||Bank ofScotland||||
|||61 Hide
Hill||||
|||Berwick upon Tweed||||
|||TD15 1EN||||
|Solicitors||Womble Bond Dickinson||||
|||St. Ann's Wharf||||
|||112Quayside||||
|||Newcastle
upon Tyne||||
|||NE99 1SB||||
|Chartered|Accountants|Ryecroft Glenton||||
|||32 Portland
Terrace||||
|||Newcastle
upon Tyne||||
|||NE2 1QP||||
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||||Endowment|Restricted|Total|Total|
|---|---|---|---|---|---|---|
||||funds|funds|funds|funds|
|||Note|2022f|2022
5|2022f|2021f|
|Income and endowments|from:||||||
|Donations
and legacies||||4,000|4,000|29,524|
|Other trading
activities||||||31,347|
|Investments||||603,809|603,809|568,111|
|Other income||||27,356|27,356|20,792|
|Total income and endowments||||635,165|635,165|649,774|
|Expenditure
on:|||||||
|Raising funds||7,8||82,392|82,392|94,151|
|Charitable
activities||9||552,773|552,773|555,623|
|Total expenditure||||635,165|635,165|649,774|
|Net income before net gains on|||||||
|investments|||||||
|Net gains on investments|||1,404,178||1,404,178|2205,972|
|Net movement
in funds||26|1,404,178||1,404,178|2205,972|
|Reconciliation
offunds:|||||||
|Total funds
brought
forward|||26,109,260||26,109,260|23,903,288|
|Net movement
in funds|||1,404,178||1,404,178|2205,972|
|Total funds carried forward|||27,513,438||27,513,438|26,109,260|
##
|||BALANCE SHEET|BALANCE SHEET||||
|---|---|---|---|---|---|---|
|||AS AT 31 MARCH 2022|||||
|||||2022||2021|
|||Note||8||6|
|Fixed assets|||||||
|Heritage assets||18||3,770||3,770|
|Investments||19||9,777,825||9,453,020|
|Investment
property||17||17,835,000||16,757,000|
|||||27,616„595||26,213,790|
|Current assets|||||||
|Debtors||20|178,071||152,342||
|Cash at bank and in hand|||572,737||689,946||
||||750,808||842268||
|Creditors: amounts|falling due within one||||||
|year||21|(853,965)||(946,816)||
|Net current liabilities||||(103,157)||(104,530)|
|Total assets less|current liabilities|||27,513,438||26,109,260|
|Total net assets||||27,513,438||26,109,260|
|Charity funds|||||||
|Endowment
funds||23||27,513,438||26,109,260|
|Total funds||||27,513,438||26,109,260|
##
##
|||||||2022|2021|
|---|---|---|---|---|---|---|---|
|||||||F|6|
|Cash flows from operating|||activities|||||
|Net cash|used
in operating|activities||||(118,582)|455,487|
|Cash flows from investing|||activities|||||
|Proceeds|from sale of investments|||||324,931|3,010,415|
|Purchase|of investments|||||(323,558)|(3,040,422)|
|Net cash|provided
by/(used||in) investing|activities||1,373|(30,007)|
|Change|in cash and cash|equivalents
in||the year||(117,209)|425,480|
|Cash and|cash equivalents|at the beginning||ofthe year||689,946|264,466|
|Cash and cash equivalents|||at the end of|the year||572,737|689,946|
|The notes on pages 18to 39|||form part ofthese financial||statements|||
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|Restricted|Total|
|---|---|
|funds|funds|
|2022f|2022
5|
|4,000|4,000|
|Restricted|Total|
|---|---|
|funds|frrnds|
|2021|2021|
|5||
|29,524|29,524|
##
##
##
||Farm trading|activities|||
|---|---|---|---|---|
||||Restricted|Total|
||||funds|funds|
||||2021|2021|
||||5||
||Farm trading|activities|31,347|31,347|
|5.|Investment|income|||
|||Restricted|Total|
|---|---|---|---|
|||funds|funds|
|||2022f|2022
E|
|Rents received||435,918|435,918|
|Investment|income - listed investments|167,742|167,742|
|Bank interest||149|149|
|||603,809|603,809|
|||Restricted|Total|
|||funds|funds|
|||2021|2021|
|||5||
|Rents received||436,255|436,255|
|investment|income - listed investments|131,832|131,832|
|Bank interest||24|24|
|||568,111|568,111|
##
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##
||||Restricted|Total|
|---|---|---|---|---|
||||funds|funds|
||||2022|2022|
||||6|6|
||Other income||27,356|27,356|
||||Restricted|Total|
||||funds|funds|
||||2021f|2021
6|
||Other income||20,792|20,792|
|7.|Expenditure|on raising funds|||
|Farm|trading|costs|||
|---|---|---|---|---|
||||Restricted|Total|
||||funds|funds|
||||2021|2021|
|||||5|
|Farm|trading|costs|21,043|21,043|
##
##
##
|||Restricted|Total|
|---|---|---|---|
|||funds|funds|
|||2022
F|2022f|
|Investment|manager|45,771|45,771|
|Land Steward||36,621|36,621|
|||82,392|82,392|
|||Restricted|Total|
|||funds|funds|
|||2021
6|2021f|
|Investment|manager|35,542|35,542|
|Land Steward||37,566|37,566|
|||73,108|73,108|
|Restricted|Total|
|---|---|
|funds|funds|
|2022f|2022
6|
|552,773|552,773|
|Restricted|Total|
|funds|funds|
|2021|2021|
|6||
|555,623|555,623|
##
##
##
||||||Total|
|---|---|---|---|---|---|
||||Staff costs|Other costs|funds|
||||2022|2022|2022|
||||E|E|F|
|Direct|costs|- Activities|31,511|521,262|552,773|
||||||Total|
||||Staff costs|Other costs|funds|
||||2021|2021|2021|
|||||F||
|Direct|costs|- Activities|31,307|524,316|555,623|
##
|||Activities|||
|---|---|---|---|---|
|||undertaken|Support|Total|
|||directly|costs|funds|
|||2022|2022|2022|
|||F|5|F|
|Direct|costs|371,516|181,257|552,773|
|||Activities|||
|||undertaken|Support|Total|
|||directly|costs|funds|
|||2021f|2021
5|2021
F|
|Direct|costs|379,108|176,515|555,623|
##
##
##
|||||||Total|
|---|---|---|---|---|---|---|
||||||Activities|funds|
||||||2022|2022|
||||||2|6|
|Payments||to Resident Freemen||and Widows of Freemen|74,190|74,190|
|Corporation||Academy
Foundation|||450|450|
|Payment|to Oldest Freemen||||50|50|
|Stints in|Lieu of Meadows||||265|265|
|Payment|of Surplus
on Schedule|||lli|289,613|289,613|
|Surplus|on|Schedule
I and|II||6,948|6,948|
||||||371,516|371,516|
|||||||Total|
||||||Activities|funds|
||||||2021|2021|
||||||8|5|
|Payments||to Resident Freemen||and Widows of Freemen|85,337|85,337|
|Corporation||Academy
Foundation|||450|450|
|Payment|to Oldest Freemen||||50|50|
|Stints
in|Lieu of Meadows||||265|265|
|Payment|of Surplus
on Schedule|||lil|298,781|298,781|
|Surplus|on|Schedule
I and|II||(5,775)|(5,775)|
||||||379,108|379,108|
##
##
##
||||Total|
|---|---|---|---|
|||Activities|funds|
|||2022|2022|
|||F|6|
|Staff costs||31,511|31,511|
|Heating,
lighting
and cleaning||15,170|15,170|
|Rates||3,574|3,574|
|Insurance - Estate||27,216|27,216|
|Repairs and improvements||10,134|10,134|
|Furniture
and fittings||5,997|5,997|
|Estate - repairs and maintenance||12,714|12,714|
|Insurance-
Town Hall||11,279|11,279|
|Legal and professional|fees|15,186|15,186|
|Service charge||28,153|28,153|
|Freemen's
Committee||6,900|6,900|
|Messenger||160|160|
|Printing
and stationery||2,425|2,425|
|Governance
costs||9,750|9,750|
|Miscellaneous
expenses||897|897|
|Miscellaneous
other employee costs||191|191|
|||181,257|181,257|
##
##
##
##
|Analysis of|support c|osts (|continued)||||
|---|---|---|---|---|---|---|
|||||||Total|
||||||Activities|funds|
||||||2021|2021|
||||||5|6|
|Staff costs|||||31,307|31,307|
|Heating,
lighting
and cleaning|||||13,013|13,013|
|Rates|||||3,572|3,572|
|Insurance -|Estate||||26,464|26,464|
|Repairs and|improvements||||6,621|6,621|
|Furniture
and fittings|||||1,003|1,003|
|Estate - repairs and maintenance|||||5,429|5,429|
|Insurance
-|Town
Hall||||10,907|10,907|
|Legal and professional||fees|||33,830|33,830|
|Service charge|||||27,672|27,672|
|Freemen's
Committee|||||6,819|6,819|
|Messenger|||||160|160|
|Printing
and|stationery||||1,437|1,437|
|Governance|costs||||10,150|10,150|
|Irrecoverable|VAT||||(2,015)|(2,015)|
|Miscellaneous
other employee|||costs||146|146|
||||||176,515|176,515|
|Governance|costs included above comprise;||||||
||||||2022|2021|
||||||5|5|
|Fees payable to the charity's|||auditor for the audit ofthe charity's|annual|||
|accounts|||||4,750|6,860|
|Preparation|offinancial|statements|||5,000|3,290|
||||||9,750|10,150|
##
##
##
||||||||2022|2021|
|---|---|---|---|---|---|---|---|---|
||||||||E|6|
|Fees payable|to the Charity's||auditor||for the audit ofthe Charity's|annual|||
|accounts|||||||4,750|6,860|
|Fees payable|to the Charity's||auditor||in respect of:||||
|All non-audit|services|not included||above||||3,290|
##
|Staff costs|||||
|---|---|---|---|---|
||||2022|2021|
||||5|6|
|Wages and|salaries||28,616|26,506|
|Contribution|to defined contribution|pension schemes|2,895|2,801|
||||31,511|31,307|
|2022|2021|
|---|---|
|No.|No,|
##
##
##
##
|Gain|s a|nd losses|on|revaluation|of investment
assets|||
|---|---|---|---|---|---|---|---|
|||||||2022f|2021f|
|Gain|on|revaluation|of|listed securities||334,067|1,454,989|
|Gain|on|revaluation|of|investment|properties|1,078,000|768,308|
|||||||1,412,067|2223,297|
|Net gai|ns|on inves|tm|ents||||
|---|---|---|---|---|---|---|---|
|||||||2022|2021|
|||||||F||
|Losses|on|disposal|of|listed|securities|(7,889)|(17,325)|
|||||||(7,889)|(17,325)|
##
|||NOTES TO THE FINANCIAL STATEMENTS||
|---|---|---|---|
|||FOR THE YEAR END 31 MARCH 2022||
|16.|Intangible
assets|||
||||Intangible|
||||assets|
||||F|
||Cost|||
||At 1 April 2021||8,128|
||At 31 March 2022||8,128|
||Amortisation|||
||At 1 April 2021||8,128|
||At 31 March 2022||8,128|
||Net book value|||
||At 31 March 2022|||
||At 31March 2021|||
##
||Freehold|
|---|---|
||investment|
||propertyf|
|Valuation||
|At 1 April 2021|15,757,000|
|Surplus
on revaluation|1,078,000|
|At 31 March 2022|17,835,000|
##
|||||||||Town Hall|Total|
|---|---|---|---|---|---|---|---|---|---|
|||||||||2022|2022|
|||||||||5|F|
|Carrying|value|at|1|April|2021|and|2022|3,770|3,770|
|||||||||3,770|3,770|
##
##
##
|||||Cash held||
|---|---|---|---|---|---|
||||Listed|for re-||
||||investments|investment|Total|
|||||6|6|
||Cost or valuation|||||
||At 1 April 2021||7,786,530|1,666,490|9,453,020|
||Additions||1,502,607|(1„358,129)|144,478|
||Disposals||(145,851)||(145,851)|
||Revaluations||326,178||326,178|
||At 31 March 2022||9,469,464|308,361|9,777,825|
||Net book value|||||
||At 31 March 2022||9,469,464|308,361|9,777,825|
||At 31March 2021||7,785,530|1,565,490|9,453,020|
|20.|Debtors|||||
|||||2022|2021|
|||||6|E|
||Due within one year|||||
||Other debtors|||100|100|
||Prepayments|and accrued income||177,971|152,242|
|||||178,071|152,342|
##
##
##
||||2022f|2021f|
|---|---|---|---|---|
|Other taxation|and social security||3,467|525,298|
|Other creditors|||360,616|362,836|
|Accruals and deferred||income|489,882|58,684|
||||853,965|946,818|
||||||||2022f|2021f|
|---|---|---|---|---|---|---|---|---|
||Berwick Town Council||Schedule||III Surplus||145,677|150,261|
||Freemen's|Committee|Schedule||III Surplus||143,936|148,520|
||Retention|Fund (1926Act,||sect. 27(3))|||300|300|
||Schedule|I and
II Lands|Revenue||||70,703|63,755|
||||||||360,616|362,836|
|22.|Financial|instruments|||||||
||||||||2022f|2021f|
||Financial|assets|||||||
||Financial|assets measured||at fair value through||income and expenditure|9,777,825|9,453,020|
##
##
|Statement||offunds - curren|t year|||||
|---|---|---|---|---|---|---|---|
||||||||Balance at|
||||Balance at 1|||Gains/|31 llllarch|
||||April 2021|Income|Expenditure|(Losses)|2022|
||||F||5|6|5|
|Endowment||funds||||||
|Schedule|I|and
II Lands|2,621„273|||169,996|2,791,269|
|Schedule|III Lands||15,470,285|||825,505|16,295,790|
|Schedule|IV Lands||8,017,702|||408,677|8,426,379|
||||26,109,260|||1,404,178|27,513,438|
|Restricted||funds||||||
|Schedules||I and
II Lands||84,322|(84,322)|||
|Schedule|III Lands|||294,392|(294„392)|||
|Schedule|IV Lands|||256,451|(256,451)|||
|||||635,165|(635,165)|||
|Total offunds|||26,109,260|635,165|(635,165)|1,404,178|27,513,438|
##
##
|Statement||offunds - prior y|ear||||||
|---|---|---|---|---|---|---|---|---|
|||||||||Balance at|
||||Balance ai||||Gainsr|31March|
||||1 April 2020f|Income
f|Expenditure|f|(Losses)f|2021f|
|Endowment||funds|||||||
|Schedule|I and
II Lands||2,482,723||||138,550|2 621,273|
|Schedule|ill|Lands|13,752,262||||1,718,023|15,470,285|
|Schedule|IV Lands||7,668,303||||349,399|8,017,702|
||||23,903,288||||2205,972|26,109,260|
|Restricted||funds|||||||
|Schedules|I|and
II Lands||82,491|(82,491)||||
|Schedule|III|Lands||271,455|(271,455)||||
|Schedule|IV Lands|||295,828|(295,828)||||
|||||549,774|(649,774)||||
|Total offunds|||23,903,288|649,774|(649,774)||2,205,972|26,109,260|
|Summary|offunds - cur|rent year||||||
|---|---|---|---|---|---|---|---|
||||||||Balance at|
|||Balance at 1||||Gains)|31 llilarch|
|||April 2021f|Income
f|Expenditure|f|(Losses)
F|2022|
|Endowment|funds|26,109,260||||1,404,178|27,513,438|
|Restricted|funds||635,165|(635,165)||||
|||26,109,260|635,165|(635,166)||1,404,178|27,513,438|
##
##
|Summary|offunds - prio|r year|||||
|---|---|---|---|---|---|---|
|||||||Balance at|
|||Balance at|||Gernsr|31March|
|||1 April 2020f|income|Expenditure
6|(Losses)|2021
6|
|Endowment|funds|23,903,288|||2205,972|26,109,260|
|Restricted|funds||649,774|(649,774)|||
|||23,903,288|649,774|(649,774)|2205,972|26,109,260|
##
|Analysis|of net assets between
funds - current year|||
|---|---|---|---|
|||Endowment|Total|
|||funds|funds|
|||2022|2022|
|||5|E|
|Fixed asset investments||9,777,825|9,777,825|
|Investment|property|17,835,000|17,835,000|
|Heritage assets||3,770|3,770|
|Current assets||750,808|750,808|
|Creditors|due within one year|(853,965)|(853,965)|
|Total||27,513,438|27,513,438|
|Analysis|of net assets between funds -prior year|||
|||Endowment|Total|
|||funds|funds|
|||2021|2021|
|||5||
|Fixed asset investments||9,453,020|9,453,020|
|Investment|property|16,757,000|16,757,000|
|Heritage assets||3,770|3,770|
|Current assets||842,288|842,288|
|Creditors|due within one year|(946,818)|(946,818)|
|||26,109,260|26,109,260|
##
##
|||||2022f|2021|
|---|---|---|---|---|---|
|Net income for the year (as per Statement|||of Financial Activities)|1,404,178|2205,972|
|Adjustments
for:||||||
|Gains on investments||||(1,404,178)|(2,205,972)|
|Decrease/(increase)|in debtors|||(25,729)|8,3/9|
|Increase/(decrease)|in creditors|||(92,853)|447,168|
|Net cash provided|by/(used|in) operating|activities|(118,582)|455,487|
##
|||2022f|2021|
|---|---|---|---|
|Cash|in hand|572,737|689,946|
|Total|cash and cash equivalents|572,737|689,946|
##
|||||||At 1 April||At 31 March|
|---|---|---|---|---|---|---|---|---|
|||||||2021|Cash flows
f|2022
f|
|||||||E|||
|Cash|at|bank|and|in|hand|689,946|(117,209)|572,737|
|||||||689,946|(117,209)|572,737|
##
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##
##