CHARITY REGISTRATION NUM8ER.' 233499 Boarbank Hall Financial Statements 31 December 2023 ITED Chartered accountants & statutory auditor Second Floor, Riverside Offices 26 St George's Quay Lancaster LA1 1RD
Boarbank Hall Financlal Ststements Yèar ended 31 December 2023 Page Trustees, annual report Independent auditorfs report to the members Stalement of financial activities 12 Statement of financial position 13 Slatement of cash flows 14 Notes to the financial statements 15 The following page8 do not fomi part of the financlal statements Detailed statement of financial activities 32 Notes to the delailed statement of financial activities 34
Boarbank Hall Trustees. Annual Report Year ended 31 December 2023 The trustees present their report and the financial statements of the ¢harrty for the year ended 31 Oecember 2023. Ch•ir'¥ r•port Tru$tee3' Appreciation Each year, Boarbank H¥ll benefit5 from the generosty of those peo SUPPOrt the Annual Coff88 M¢ming and those vtho make ind¢vidual donations and bequests. The trustees would wish lo extend their gratitude Its Our IrHlividual donors and volunteers for Ihwr supptsrt lor the charity. Although Ihtr Coffee Morning has not taken ¥¢¢ since 2019, the twstees are hopefvl for 11$ return from 2024. Th trust••$ would also l*e to place on record trb•ir thank$ to thtr emF4oyees for their commitment an loyaty to the Charity. R•f•r•n¢• •nd •dmlnlstrativ• d•tall• R•9l•t•rwl charfty n•m• 8o•rbank Hall Charlty r•glstrntSon numb•r 233499 Prln¢lp•l offl¢• Canonesse$ ol Sl Auguslint Convent ol Our Lady ol Lourd•# Boarbank Hall Allrfhwart• Th• truJt••• Sister Ei18•n Pollard Sister Elizabeth Mary Veronica Connell Audttor Riversth Atcountancy Lancaster Limited Chartered a¢countanl5 8 statutory auditor Second Fkjor, Riverside Offv$ 26 Sl George's Quay Lancaster LA1 1RD Bank•rn Nats'onal W•stmin$lèr LAI 1 6DS Lloyds Bank PIC 6 The High Street Boscom Dorset BH31 3RG
Boarbank Hall Trustees. Annual Report (conWnu•d) Year ended 31 December 2023 Solicitors BSG 3&4 Aall)ord Squa Lancaster LA1 1GG Strueturè govèm•n¢• and m•n•g?m•nt The polici•s ar& d•t6mined by a Council of Sistèrs. Day lo day operatK)ns are closely SLtpervised by the Council of Sisters. Decisions regarding the medical treatment of palionlg are taken by the qualified MMr5 of nursing 51aff together extemal medically qualified persons. The Council of Sisters control the app.tment, inducb'on and Iraining of Iwsletts. The communty provides $ignthcanl support and access lo the many years experienu of tru$t¢e$' general duties and responsibiliti•$. Rl$k Assessment The Council ol Sisl•rs has conducl•d rt$ ovm re• of the risk5 to which 8oarbank Hall is exposed and systems have been established to mitigale those risks. Internal risks are minrmised by the finan¢ial control$ imposed in Tespect of the procedure$ for th• aulhorisats'on of all transactions and projects. The Council of Si$l*rs maintains a ¢b$e ¢onlro1 on the day-to-day operats.on ol the ¢harity in f•$p•¢t of all rts acknvities. 8oarbank Hall has an approved Health an(J Saf•ty poh"¢y. Obj•¢tlve• and act5vltl The principal activity of the ¢h4rty 18 the funning ol a convalescent and nursin9 home. The objeclives of the charity are $•t out in Paragraph 3 of the Tru81 Deed. the principal objects've boing:" To run a convales¢ent home for pople suffering from 1rS or injury For the ¥5SlStance of a person's recovery of heallh and sti•n9th and for th• nursing of sick and ailing pati•nt$. The 5trategie5 and actiwlies applied to achieve these obiedives rnvolve the uye of Boarbank Hall as nursing and ¢onvalegcenl home run by professi?1 qualrfied nursing staff together swth on90ing voluntary support trom the Canonesses of St Au9ustsne. The eharity make$ extensive use of voluntsry unld work from e1Ve 12022." trrtlvèl of the $i$lers who reside on site at Boarbank Hall. Th&y provide signrficant pa$loral and splfrtual care to the patients residing 818oarbank Hall and are responsibk for the day to day administration and running of the charity. The sisters work varied hours in eommrtments rdaled lo their le1louS activities. The policies are deterynined by a Councl of Sisters together the approval of all important finan¢ial transactions.
Boarbank Hall Trustees. Annual Report (contin4 Year ended 31 December 2023 Achievements and perfornianc• Tho objectives of the charity of care and treatment of patients al 8oarbank Hall continLe to b 8¢hieved through the provision of nu¥sing care of the highest possible stsndafd together wrth palliative and pastoral care as required. The Sisters have conth.nued their aim of updating and •xlen¢Jing the facilities to improve the qualsty of care offered and to meel the changing need5 of Society. This programmè of refurbishment is ongoing ¥8 finan¢e$ permrt. The provision ol this care and treathienl is dependant on the continued eX¢&lnI relationship wrth the nur$ing $laff and the implementation of all relevant heatth and safety regulations enabling the charity lo meet with all its legal and moral obligalions and thus continu8 in the future ils charitable activities. Th• main key performance indicators in this ar•• artr near 100% occupancy of fooms. high levels of staff rtenlion. avaikibility ol spirttual support and Ihe •x¢ellenl facilities anLS seivices provided to patiénl$. The charty has b•en awarded gold $talu$ from the CQC in relatson to th* qualty ol th• re they provide lo patient6. this is ¥ clear indication ol the achievement Ihey h¥ve made against their objectiv•$. Covid 19 has not hinder•d th•ir ability lo meet objectives or prowde th• $am• 4u•lty to patients. however additional funds have been required in order to mi9r•t• ri$k$ and safeguard thè pab'fjnls in Ihelr Care. The eontinu•d support from th• si8ler$ of St Augustine and members ol Ihe public and organisation$ contrnues to be an essential element in th• smooth Tunning of the charity.
Boarbank Hall Trustees. Annual Report icothinu• Year ended 31 December 2023 Achievements and p•rfomiance {continu•41J Public Benefil The sislers have ConSered th• Charity Ccthmission's guidance on publK benefit and have had due regard to its content. The aim ol tho ¢horrty 1$ to proVe nurwng care and lo assist those recovering from h•alih probl•m$ as stated above in the objectives and activrtjes section. The nur61ng home is open to all members of the public and the convalescents receive suppNI and care a$ n¥sSary ¥Mthin the guest houst. subject payment of appropriatè f••s. An imptsrtanl part of the activty of the charty is the proW$A of rel1¢y$ support and guidance lo those who wi$h rt. Pa$lcr41 support 1$ Offered as appropnale lo members of the public. Th• Cha1 is open for ihe use of the public to attend Sunday Mass which 1$ attended by many members of the local community and visitors to Boarbank Hall. The guast house 1$ availabl• for th• use of thosè on re1louS retreats. The chapel is available for th• Ltr$O of guests for worship and reflective cont•mplalion and ¢ourse$ ¥Te available to aid understanding of tho Catholi¢ faith. This facility 19 for the use ol members ol the publK in addition to Mem11 ol th• religiou8 Community. Fundraising Actiwlies The charity usually holds an annual fundraising ¢offee morning which raistr5 money towards various projects. They have been unable to hold the event sinc• th• 19 pand•mi¢ therefore £nll {2022.. £nill lincludin9 91ft aid•d ¢Jonalion$ll was r¥i5ed. The tTU51ee5 hope that thi5 will return in the future as st ha$ thays be•n a profitsble day for the charity. Investments and Investrnent Powers Th• Council ol Si$ler$ ¢ontrol$ and approves all important financial transactions. The investments held by the charity consist of quoted and unquoted In$1m•nIS. The mov•menl in these inveslmnl$ c•n be foynd al note 18.
Boarbank Hall Trustees, Annual Report Year ended 31 December 2023 Flnancial r•vl•w The results ol the charity are sel out on pages 12-13. Tha net resour¢e$ surplus made during the year ended 31 De¢embèr 2023. after accounting for all recognised gains and losses, was £572.07S {2022.' £440.817}. This ha$ been credited lo fe$¢e$ and the balance of £5,510.44912022". £4,938,374) has been carri&d forward During the year. th• charity has in¢urT•d a gain on rts knng lem ¢ash inveBlments wrth Transact and Rathbone$ of £62,800 which 1$ attribLFtable to a mixture of rèalised and unrealised 93ins. As rt is to be held long term. the unralis•d movements are not the primary focus and as the market appears lo hav• stabilised after thè uncertainty in thè previous few years. it is hop•d that the investment wll ¢ontinue to appreciate. In 2023 an independent ValUatK w•$ ¢arrnd out on the invostmenl property'es, incTe•8ing their value by £99.69012022. £341,997). The liading activitses of th• tharity cre41• a defiril in m08t years. however the dona1m9 and l&ga¢i8fj received enable to charty to conb'nue and prowd• much ne¢ded Support and care for their pabenls to meet the chority objectives. The trustee$ have invested these ¢a$h re$•Th•8 into short lem) deposrts and inve8tm•nl$ lo fvrther the cash reserves available for the futur•. We have seen Ihis year that a¢TOSS the board, tho income h¥v• all increased thi$ year which 1$ a positive svJn ¥ft•r th• Covid 19 pandemi¢ and restrictions. Al the year end th• Charity has reslri¢td funds of £291.117 12022. £221.5871 and unr&$lrid•d lund8 of £5.219.332 {2022.' £4.716.7871. The split of funds can be fcwn¢J at note 27.
Boarbank Hall Trustees. Annual Report Icontrnu• Year erbded 31 December 2023 Fln•ncial r•vbew {¢onlth¥•dJ Rèserves Policy Under the requirements of Charity Law. the Tnjslees are obliged to dèfine the Charity's policy for holding r$trves. The intentjon in estal$hing this [erVeS policy is to ensuie the continuation ol the Charity'5 activities. The policy wll enable the Charity to meet 115 legal objectives. provide confidence to 5UPPOrter8 and donors seeking to givtr financial support to a prLbdently controlled charity and to ensurtr Ihal th• resetyes are at a Ve1 Sufficient to discharge all of the Charty's obligatsons in the event that rt should ase its operatn$. The policy has been that the level of unrestrKt¢d reseryes (excludin9 reserves relating lo fixad assets u$¥d to deliver the ¢haritable i>bjecbve$l should be sufficient to meet design¥ted ¢ornmitmen15 and lo meet the runnin9 Costs of the Chanty for a period not $5 than Six month$ bul no mor• than one y••r. The trustees acknowl•d9e the amount in re$•rves is above the l•vel of the polio bul this is with the anticipation of lulure development al the hom•. To maintain appropriate le18 of reser¥e5. the Tru$t•es have deteminod that.. . all lega¢i•s and donations. whi¢h have restri¢tion placed upon tM by the temis of thè don•bon, ¥re con$idered to be general r•s•rvas.' capil81 commitments and expen¢Jitur8 plans are wtvrtd periodic•lly and th• fund8 Tequired to finan¢• $u¢h may be removed from general reserye$ as necessary for th? attainment of ils broad objécts,. - funds may, from time lo ts"mt. h d•$KJnated for sp•ofi¢ purposeB. The likely liming of xp•ndilure ol desnated funds is a¥ e¥Wain•d in note 28 Pfin¢ipal Funding Sour3 The principal fvnding sources ar• donations from Nidmduals and organi88ttons, payment of nursing fee8 by Cumbria County Council, other Local Authorrties and prNate sources, fundraising activitieg $u¢h as the ¥nnual coffee momin9 and income from bank inlefesl and inve$lments. Further (Jetails may be found in accounting pdi¢ie$. These funding Sources have en8bled the charity lo meet ils objectives by being able to pay for the provision of all $ervices and actMlie$. Plan¥ for futurn perlods The charty will contsnu• to prowde the hi9hÈst level of care wrthin the means ot the ¢hgrty as set out in objectNe$. Trustees Th¢ trustees who Seryed during the year are •$ folow4.'- Mary Veronica Connell- Si$lÈr Elizabelh Mary Eile•n Polkrd- Sister Eilèèn Pollard-superior At any one time. there musl be no more than four trustees and no les$ than Ihree trustees. However pèr the minules during the 2022 year. the communty decided that thèy would continue wlh
Boarbank Hall Trustees, Annual Report (¢onthr•dJ Year ended 31 December 2023 Truste. responsibilitSes statsm•nt The Iruslees are responsible for preparing the tru$t•es' report and the financtal statements in accordance with applicable law and United KirrfJdom AccoLrnting Standards Iuniled Kingdom Generally A¢¢epled Accounting Practice). The law appli¢able lo chanbes in England and Wales requires the ¢harty trustees to preparè finan¢ial statements for each year which give a true and fair view of the Stat¢ ol affair5 of the charty and ol the In¢offting resources and appli¢ali¢)n of res)urces. of the charity for that period. In pfeparing these finan¢i•l $talernents. the trustees aro required to.. $•t•¢t $urtable •¢counting policies and then apply them ¢on$i$ltndy.' ob$rve the methods and prinuples in th• appli¢able Charities SORP.. make jLNlgments and ac¢ounting •stimales that •r• f•asonable and prudent., $tale whether applicabl• UK Ac¢ounting Stsndards have been lolhw•d, $ubj&¢t to any material departure$ disclosed and explained in the finan¢ial $latemertts". prIre the financial stat•m•nts on thè goin9 Concem basi$ Un5$ rt is inappropriate lo presume that the ¢harity will Mnlinue in business. The trustees are responsibl• lor ke•p'ng a*J•qu•t• 8cg)unD"rMJ Tecords that are $uffiuenl lo show and explain the ¢hanVs transactions and disdose wrth reasonable accura¢y at any trme the financial position of the charity and enabl& them lo •n3ure that the financial stalements comply wrth the Charitres Act 2011. the applicable Charitie5 (Aecounts and Reportg) Regul¥iion5. and the provisions of the Trust Deed. They are also responsible for safeguarding the assets ol the charity and hence for taking reasonabl• $l•p$ for the prevention and det•etion of Iraud and other irregularities. The trustees. annu41 rewrt wa8 approved on 11 October 2024 and $sned on behall of the board of tru$le•$ by.. Sister Eileen Pollard Trustee
Boarbank Hall Independent Auditor's Report to the Members of Boarbank Hall Year ended 31 December 2023 Oplnion We have audited the financial ststemÈnt$ of Boarbank Hall (the 'charityl for the year endèd 31 December 2023 vthich comprise the statement of finan¢ial actiwb"es. ststement of financial position. statemènt of ¢aBh flow5 and the related noles. induding a summary of signifi¢ant aGcounting policies. The financial reporting framèwofk that ha5 been applEd in their preparation is applicablè taw and Unite Kingdom Accounting Standards. includin9 FRS 102 The Financial Repong Standard applicable in the UK and Republic of Ireland Iunited Kingdom Generally Accepled Ac¢ounling PrO¢t). In Ouf opinion the fvnan¢ial $tatem¢nt$.' give a true and lair view ol thè $tstÈ of the th#rty's affairs as at 31 December 2023 and of Its incoming resources and applicatson of resources, including 11$ irwme and expenditure, for the year Ih•n •nded'. have been properly prepared in accordance wth Unrt•d lfjn9dom Genef•lty Accepted Accounting Practi., have been prepared in accordance wth the requirements of th• Charib"•$ A¢t 2011. 8¥81• for oplnlon We condu¢t•d our audit in a¢¢ord¥n¢e wlh Int¢maty"onal Standards on Audjts'ng IUKI (ISA$ IUKII ¥nd applicable law. Our rèsponsibilities undef thosè standard8 ¥re further described in the audito¢$ Bpon51bilities lor the audit of the financial statements section of our report. We are independent of tha ¢harty in ac¢ordan¢e wlh th¢ elhi¢al r•quifemenls that are relevanl to our audit ol thè finan¢ial $tal¥menls in the UK. including th• FRC'S Ethical Standard, and w• have luifilled our other ethical responsibilth'es in a¢¢orJan¢e with these requirements. We believe that the audit ewdonce have obtained is sufficienl and appropriat8 to provide a b8$i$ lor our opinion. Concluslon• r•l•ting to golng ¢on¢•m In auditing the finaneial stat•m•nts. w• have concluded that the trustees, use of the going concern basis of 4¢¢ountiftg In the preparation of the financial stalemenls is appropriatè. Based on Ihe work we have ptsrfomied. we have not id•nlffied any material uncertainties relatr'ng to ev•nt$ or conditions Ihat. individualty or collectwely. may cast SnIfICant doubt ort the charity's ability to continuo as a going con¢em lor a period of at ltra$t tsblve months from when th& finan¢ial $tstements are authorised for issue. Our r•sponsibilib"e$ and the re$pon$ib1lrt of tru$lee$ wrth respect to goin9 ¢on¢em are de$¢ribed in the relevant sections of this report.
Boarbank Hall
Independent Auditor's Report to the Members of Boarbank Hall i¢oniiftutd)
Year ended 31 December 2023
Othèr Infomatton
The other information compris¥s Ihe infomation included in Ihe annual report. other than the financial
statements and our audrtor's report thereon. The tTUStees are responsible lor the other informion. Our
opinion on the financsal statements does not cover the other inforniation and. except to the extent
otherw$• &xpli¢idy stsled in our report. we do not express any fomi ol assuran ¢tsndusion thereon.
In Connection wth our aLHIit of the financial statements, our responsibility is to read the other information
and. in doing $0. consider whether the other inlormation is materially Inconsistent wth the financial
statements or our knovAedge obtainèd In thè audil or otherwise appears to be materially mi$$tsled. If we
identify such material inconsistencies or apparent material mi$5tatements, we are required to d&temiin•
vthethr there 1$ a material misstatement In the financial statemen1$ tsr a malenal m15Statement ol the
other informati¢. If. ba$ed on th¢ work we have perforn)ed. we ¢ondude that there is a material
misstatement of this other informatn. wè are r•quire
Boarbank Hall Independent Auditorfs Report to the Members of Boarbank Hall f¢gnWnu¢d) Year endod 31 December 2023 Auditorfs responsibilities for th• audit of the financial stal•monts Our obie¢live$ are Its obtain reasonable assurance about vthether the financAal statements as a whole are free from material misststement, whether due lo fraud or error. and lo Issue an auditor'5 report that includes our opinion. Reasonable assurance is a high level of assurance. but is not a guaranteè that an audrt conducted in accordance wth ISAS IUKI will aNvays detect a material misstatement when it exists. Mis$lalm•nts ean ari$ from fraud tyr error and are considered matenal if, individually or in the aggregate. they could reasonably be expecled lo influence thè e¢onMii¢ de¢i$ions of users taken tsn the basis of these financial statements. Irr•gularities, including fraLKI, are inslan¢e$ of ty)TrwnpFion¢e wth l¥w$ and regulatsons. Vve design procedures in line with our responsibilrties. outlined above. to detect material misstatèmènts in respèct of irregularrtie$, induding fraud. The extent to which our procedures are capable ol detecting irregularitse$. in¢luding Iraud is detailed bekw.. Review ol trustee$ minutes and revw ol nominal postings for kngal and professional fees ensured w• identified any regulatory ¢omplianc¢ i$sues and laws that company mu$l foll¥ in the year and lo the dale of signing the financtal statements Th• ass•ssm•nt of fraud was con$id•r ¥$ lo the segregation of dubes seen. the low levels of cash handled. A rev of journal entri•s and consideraknon ol thir approprialen&¥$ was ¢arried OLrt through the audit During the audit we speak to trusl••s. test th• $ystem$ •nd speak lo v•riou$ members of the finance function Its understand the entity its processes and Ihe natufe of trade to assisl in determining il the financial $lal•m•nts ar• tru• and fair. - Challenging 855umption$ made by managemenl in making their ¥ynrfbcant aceounling •$timat•8. Reviewing linancial statement ('sdosur• and testing to Suppon9 docum•nlalion lo a$ses$ ¢ompli¥n¢• with applicable laws and regulations Legacies and Donalions are revth¥ed to en$w• no r•$lri¢b"on on fvnd$ ¥f& required lo bo allocated rfrentIY from the common funds. As part of an audit in accordance wth ISAS IUKI, w• ex•rci$• professional jud9menl and maintain piofesonal $¢eplia$m throughout the audit. We also". Identify and a95ess ihe risks of material misstatement of the financial statements. whether due to fraud or error. desvJn and rforM audrt Pfoctdures responsNe lo those risk5. and obtain audit evidence ihat is suffi'cient and appropriale to provide a basis for our opinion. The risk of not dete¢ting a material misststement r¢$utb"ng from fraud is higher than lof one reSUng from error, as fraud may involve collusion. forgery. intentional omissions, mi$represenlatson$. or the overri¢Je of Internal control. Obtain an understanding ol internal control leVant to the audit in order to design audit procedure$ that are appropriatt in the arcumstanr*s. but not for the purpose of expressing an opinion on the effectiveness of the internal control. Evaluate the appropriateness ol accounting pol•$ used and th• r•asonablene$$ of a¢UtIng estimates and related disclosures made by the trustees. 10
Boarbank Hall Indopendent Auditor's Report to the mern of Boarbank Hall fconbnuedj Year ended 31 December 2023 Conclude on the appropnateness of the trustees, use of the gng concern basis of accounting and, basèd on th• audit Èvidenetr obtained, whether a material uncertainty exi5t5 related lo events or conditions thal may cast significant doubt on the chanS ability to continue as a going ¢on¢ern. If we conclude that 8 material uncertainty exists. we are required to draw attention in our auditor's report to the related disdosures in Ihe finan¢ial slatements or. rf such disdosures are inadequate. to modify our opinion. Our conclustons are based on thè audrt èvidence obtained up to the dale of Our auditor's report. However, fiJlure evenls or cond¢tKms may cause the charsty to cease to conlinLb& as a goin9 ¢on¢m. Evaluate the overall presentation. structure and content of the financial statements, includin9 the disdosures, and whethei thè finanoal $lalements repftrstnt th• ulr19 tr¥ns¥¢tsons and events in a manner that achieves fair presentation. We ¢ommuni¢al• with those ¢h#rged yovemance regarding. ¥rnong other matters. the planned scop and timing ol the audit and significant audrt findin9s. In¢ludsn9 any si9nth¢anl deficiènci•$ in int¢mal control that we identify during our avdrt. U•0 ofour rnport This report 1$ made $trIY lo the charity's members. as a body, in accordance with section 144 of th• Chariti•s Act 2011 and r•gulats'ons madè under se¢tion 154 of that Act. Our audit work has been undertaken so that we might state lo the chantys mèmbers those matters af• required to $lal to them in #n audilorfs report and lor no other purpose. To the fullest extenf peimitted by law, we do not accept or a$sum• r•8ponsibility to anyon• other than the ¢harty and the ¢h•rrty'$ members a$ a body. for our audit work, for this report. or lor the opinions we hav• forned. owden ACA (Senior Statutory Auditor) For and on behalf of Riversid• Accountancy Lancaster Limit•d Chartered accountants & 5talutory audito S¢ond Floor, Rsvr$id• Offic•8 26 St George's Quay Lancaster LA1 1RD 11 October 2024 11
Boarbank Hall ststement of Financial Aclivities Year ended 31 Docembor 2023 2023 Restricted funds Total funds 2022 Unfestid•d fvnds Total funds Incom• •nd •ndowm•nts Donations and lega¢ie$ Charitable actiwts'es Other trading activities Investment income Other income 276.600 2,060.361 8.695 54.610 7.238 67.080 343.680 2,060,361 8.695 61,504 7.238 189.603 1.923.339 4,975 43,839 6,046 e.894 Total Incom• 2,407.504 73.974 2.481.478 2.167.802 Exp•ndlture Expenditure on chantable acb'wi Other expendrture 9,10 12 2.061.534 40 10.319 2,071,853 40 1,917,485 Total •Xnd11Ur• 2,C61,574 10,319 2,071.893 1,917.485 Nel gains on investments 13 156.615 5.875 162.490 190.500 N•t In¢om• •nd n•t mov•m•nt In fund• $02.$4S 69,530 572,075 440,817 Reconcillatlon of funds Total funds broughl lolward Total funds ¢•rrl•d loTh¥•rd 4.716.787 221.587 4.938.374 4.497.556 5.219.332 291.117 5,510.449 4,938.374 Th• $tst*m&nl 01 finan¢ial actiwties in¢ludè$ all gains and losses r•cognised in the year. All income and expendiiure derive from continuing actiwtses. The notes on pages 15 10 30 fomi part of these financlal 5tat•ment•. 12
Boarbank Hall Statement of Financial Position 31 December 2023 2023 2022 Not• Flx•d assèts Tangible fixed assets Investm•nts 18 1,210,965 19 2.853,067 1.151,626 2,575,656 4.064,032 3,727,282 Currènt ai$¢ts Stocks Oebtors Investments Cash at bank and in h4nd 20 21 22 1.700 165.680 478.641 946,780 1,700 169.641 528,122 801.616 1,592,801 1,301,079 Cr•dltorn: •mounts hlllng du• wSthSn on• y•r N•t ¢urr•nt a$•ts 148.384 89,988 1,446,417 1,211.091 Total 4$8•ts t$ ¢urrnnt Ilabllltl 5,510.449 4,938,373 N•t as#•ts S,S10.449 4.938,373 Funds of th• charSty Restricted funds Unrèstri¢ted lund¥ 291,117 5.219,332 221,587 4.716.787 Total charlty fund• 27 5,510,449 4.938,374 These finanual statement$ were approved by the board of trustees and authorised for issue on 11 O¢lob8r 2024. and are signed on b•haW 01 the board by". Sister Eileen PoIrd Tru$l*• Sister Eltiabeth Mary V•ronKa Connell Trustee The notes on p•9•$ 15 to 30 tonn p•rt of tho8• financial s¢at•m•nts. 13
Boarbank Hall Staloment of Cash Flows Year ended 31 December 2023 2023 2022 Not• Cash flows from op•rntlng aetlvltl•s Net income 572,075 440.617 Adjuslmenls for D•pr•¢ialion ol tangible fiyed as$els Government grant incom• Net gains on investments Dividtrnds, Inlre$t and ren15 from investments Other interest receivabl• and similar in¢om• Interest payable and similar charges Lo$$ on disposal of tsngible fixed ¥8sels Accru•d expens¢s Management Fees paid through Investment 21.810 16,613 15,9531 1190,5001 138.5411 15.2981 1.434 1162,4901 {49,2471 112.257) 2.266 40 11.023 5.759 14.081 5,292 Changes in.. Trade and other deblor¥ Trade and other creditors 48.176 1.280 {80,8351 {53,2191 103.871 Cash generted from operati¢>ns 438.435 Interest paid Interest received 12,2661 12,257 11.4341 5.298 N•1 ¢88h from operating actiwties 448,426 107,735 Cash flows from Inv•stlng •¢tlvSll•s Dividends, interest and rents from investm•nts Pur¢ha$è ol tangible assets Purchas&s ol other Investments 28.447 20,737 {81.1901 1120.5681 1100.000) 11,1251 1152,743) 1100,9S61 Net cash used in inve$ling activiti•$ Cash flows from flnanelng •¢llvrt Government giant income Net cash from financin9 acts'v•S 5,9S3 5.953 Net Incr•a8• In ea$h and eash •quivolènts Cash and cash equlvalents at beginnlng of y•ar C•¥h nd ¢ih ?qu5v•l•nts at end of year 295.683 1.129,738 12.732 1,117.006 23 1,425,421 1.129.738 The nots8 on pag•s 15 to 30 foTh part of these fin*nc4al stst•m•nts. 14
Boarbank Hall Notes to the Financial Statements Year ended 31 December 2023 G•n•ral Infomutlon The charity is a publi¢ benefrt enbty and a register•d ¢harty in England and Wales and is unincorporated. The address of the pnncipal office is Boarbank Hall, Allithwaite. Grange over Sands, LA11 7NH. stst¢m•nt of ¢¢ffipliance These finan¢ial $tslements have been prepaftd in compliance with FRS 102. 'The Financial Reportir¢g Standard appliCae in the UK and the Republic of Ireland., the Statement tsf Recomrnended Practice applicable to tharrties weparing their a¢¢oun15 In accordance with the Finan¢ial Reptsrtin9 Standard appluble in Ihe UK and Republic of Ireland IFRS 102) Icharitses SORP IFRS 10211 and the Charities Act 2011. Accounting po15cl Bo81• ¢1 prepration The finan¢ial $lalemenl$ have been prepared on the historical cost basis, as modrfied by the revaluation of certain finantyal a$sels ¥nd liabilrties al inv•$lment properties measured at fair value through income or expenditure. The financial slat•m•nl$ a prwred in $terfsng. vthich 1$ th& fun¢tional currency of th• •nlity. Th• financial 8ts1emenls are rounded to the n•ar•$t £1. Golng ¢on¢•m Ther• ar• no mat•rial uncertainties thut Ihe charrtl$ •bility lo conts'nue. Judg•m•nts and k•y Sourc ol Mtlmatlon une•rt•inty The preparation of th• fin8n¢xl $tstements requif•S mana9•m•nl to make iudgem•nl8. e$limaltrg and •$8umplions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other la¢ty$. Induding expectatsons of future events that are believed to be reasonable under th• ¢ir¢um5tances. Forelgn curroncl For•ign ¢urren¢y Iransactiong are initially r•¢orile(I In the funth.onal cuncY. by applying the spot exchange rate a$ at the date of the transaction. Montlary assets and lbIlItIeS dènominated in foreign currencies are Iranslate¢J at the èx¢han9e rate wling at the reporting date. wth any 9ain$ or losses being taken to the slatement ol finanual acb"wtse$. 15
Boarbank Hall Notes to tho Financlal Statements (ton Year ended 31 December 2023 Accounting poIicMs {ttsntinuedJ Fund aceountln9 Unrestricled fund$ are available for use al the discretion of th• trustees lo further any of the charitys purposes. DeSwna1 fund$ ¥r• unreslncted lund5 eamiarked by the trusleey for particular future project or commitment. Restrictd fvnds are Subjected to restrictions on their expenditure declared by the donor or through the terms of an appèal, and fall into one ol hyo SUtra$S¢S". r•$tri¢t•d InMe fvnds or endowment fund$. Incomlng r•Bource• All incomin9 sOurceS are induded in statement of financwl aCtiVrtS when •ntill•m•nt ha$ passed lo the ¢hanty, il is probable that the economi¢ benefit$ as18¢ed wth the transaction 11 Ilow lo the charty and the amount ¢an be reliably measuf•d. The folknmng $p•¢ffic polirAes are •pplied lo particular categories of income. income from donations or grant$ 1$ r•¢ognised when there is evidence of •nliU•m•nl lo th• gift, re¢ipt 18 prob4ble arKI ils amount can be m•a$ufed r•li•bly. 1•9o¢y income is recognised vth•n rec•ipt 1$ proba* and tnternent 18 establish•d. InMe from donated goods is mea$ur•(l al the fair value of the goods unl•s$ thi8 18 impra¢li¢al to measure reliably. in which case the valu• is derived from the cost to the donor or the estimated resale value. Donated tsulities and seNces are recognis•d in the a¢unt9 when received If the value can be relsably measufed. No amounts are induded for th• ¢onlribubon ol general volunteers. in¢ome from ¢onlracls for the supply ol serwces 1$ recognised Ihe delivery ol the contra¢ted service. This is dassrfied a$ unfestricted funds unless there is a conlra¢lu¥l requirement for it to be spent on a particular purp and f•tumeil if unspent. in which case it may be r•g•rded as $lri¢ted. 16
Boarbank Hall Notes to the Financial Statements {¢ontinuedJ Year ended 31 Decembor 2023 Accountlng pollel•8 (conUnv•dJ R?sour¢es expend Exptrndrture is re¢ognised on an accruals basi$ a$ a liability Is incurred. Eypenditure includs any VAT which cannot be fulty recovered. and is classified under headings of Ihe Slalement of finan¢ial actyvities to which it relates.. ¢xpenditure on raising fund$ includes the costs of all fundraising a¢tivilie8. events, non. charitable trading aCtiwts, and th• salt of donated goods. expenditure on charitable activrti•s includes all costs incurred by a charity in undertaking activities that lurther its charilablts aim$ for the benefit of its beneficiaries, induding those support costs and ¢osts relating to the 9ov•man¢• of the ¢h8rity apportioned to charitabl8 acbvities. other oxpenditure in¢lude$ all expenditure that is neitr r•lat•d lo raising fund5 for the charity noi part of Its expendrtuie on chantsble aclivrties. All costs are allocal•d lo exwndilure categories reft•th'ng thè use of the r$ource. DiT8Ct costs attributable to a single activity are allo¢aled d1CtlY lo thal activity. Shar8d costs are apportioned be•n Ihts a¢bvits"es Ihey contribuie to on a rasonabltr, ju$lrfial)le and con•istent basi8. Support ¢o¥ts Support e08t$ are those Ih¥l assist the Wofk of the charity but do not directly represent charitabl• activrties and include offic• ¢08t$. governance costs. administrativ8 payroll costs. They are incurred dirt¢lly In $upport of expenditure on the obiÈ¢t$ of the charity. Where support costs cannot b ¢Jirectty attributed to particular he¥ding5 they have been allocated to cost of r•i$ing funds Ind expendittsr• on charitable activities on a basis consistenl wlh use of Ihe resovrces. Op•rntlng 1oas•s Le¥M payment$ Te recognised a8 an 0Xn$t over tho le*¥e lerni on a straight-lin• basis. The aggregate ben•fit ol1¢o$e incentives 15 recognised a$ a reduction to expense ovei the lease term. on a slraighl-line basis. Tangibl• ass•ts Tangible a$¥et$ are inrtially recorded at cost, and subsequenljy stated at cost less any a¢¢umulaled depreciation and impaimenl 1035es. Any tangle assets carried at revalued amounts are recorded al the fair value at Ihe date of revaluatiM less any subsequent accumulated daPClat10n and $ub$equenl arMlated impairment losses. An increase in the cang amount of an •$5el as a resull of a revaluation, is recogni5ed in other r¢co9nised gains and 1055e5. unless it reverse$ a ¢har9è fov impairment that has previously been recognised as expenditur• within the statement of financsal activTbès. A de¢rea$e in the Carrn9 am¢unl of an asset as a result of revaluabon. is recognised in other recognised gains and 1055es, except to which rt off$e15 any previous revaluation gain. In which ca$e the10$$ 1$ shown wrthin other recognised gains and losse$ on Ihe Statement of financial actwikn'es. 17
Boarbank Hall Notes to the Financial Statements f¢ontrn4r¢dJ Year ended 31 December 2023 A¢¢ountlng policles i¢)nttu•dJ D•pr•ciation Depreciation is calculated so as lo write off the Cost or valuation of an asset. less it$ r•$idual value, over Ihe useful economic lrfe of that aswt as folh)ws." Freehold prop•ty Fixture5 and fittings otor vehide3 Equipment 3% reducing balance 15%120% Reilucing balan¢e 25% reducing balancè 15%r20% Reducing balance Inv•stm•nt Unlisted equity inv•stmenl$ are initialty r•¢ord•d ¥1 cost. and subsequently measurnd at fair valu•. If f•ir v¥lue cannot be reliably measur•d, a$$t$ af• mea$ure<l al $1 le$$ impaim)ent. Listed inveslmenls ar• measured 1 fair value with change5 in fair value b•ing re¢ogni$•d in income or exp•ndilure. In¥tment prop•rty Inve$tmenl property is inib'•lly recofd•d at ¢ost, whi¢h in¢tude$ pur¢hau Price and any dir•¢dy attributabl• expenlilure. Inv•8tm&nl property 1$ rtvuéd to its fair valu• at each r•porbng date and any Changes In fair value are recognised in in¢om• or •xpendrture. If 8 reliable me•$uTe ol fair valuo is no long•r availab vthut Lmdu• ¢o$l or trffort for an itam of investment property. rt Shall be Iransfefred to tsngible assets and treated as $u¢h until il 1$ expected that lair value will be reliably measurable on an 0901r ba51S. Impalrment of fix•d ass•ts review for Indicators ol impaimient is carried OLrt al ea¢h repo.TrY dale, wth the recoverable amount being estimated where such indicalors exist. Where the carrying value e¥ceed5 the recoverable amounl. the asset 1$ Impar4 •c¢ortJingly. Prior impairments are al80 r•vtew¥d for po$$ible reversal al each reporting date. For the purposes of impaiment testsng. vthen rt 1$ not possible to estirnate the recoverable amount of an individual a5sel. an estimate is made of the recoverable amount of the cash-generating unit to vthich the asset belongs. The cash-generating unit is the smallest identifiable group ol assets Ihat in¢ludes the asset and generates cash inflows that largèly independent of the cash inflows from other a$sets or 9roup$ of •$set$. For imp¥irment testing of goodwll. th• goo.11 acquired in a bu31ne$s combination is, from the acquisth'on dale, allo¢ated lo each ol the Casgenerating units that are expected lo benefit from the synergies ol the combination, irrespethe of whether other assets or liabilities of thé ¢harily are 4$$1gned lo those units. Stocks 18
Sltycks ¢tsn$isl¥ ol goods purchased for use wthin the charlty. Stocks are valued at ¢ost. 18
Boarbank Hall Notes to the Financial Statements iconlinuedj Year ended 31 December 2023 ACCOUnn9 policies (¢onthu•d) Government granis Government grants are recognised at the fair value of the assel feceived or r¢¢eivable. Grants are not rece9nised unbl there is reasonable assurance that the charty will comply wrth the ctsndilions attaching to thom and the grants wil be recewed. Gov•rnm•nl grants are recognised using Ihe xcrual model #nd the performance modtrl. Under the accrnal model. 9overnm•nl grants relating to revenue are re¢ogni5ed on a systematic basis over the periods in which the charrty re¢ogni$e$ the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expense5 or losses already in¢urred or for the purpose of 9iving imm¢diale fin¥ncial 5VPPOrt to the entsty vthh no future related costs ar• re¢ogni$ed in Income In the period in which it b•com•s receivable. Grants relatin9 to as$•ts ar• r•¢ognised in income a systematic ba$1$ over the expected useful life of the asset. Where part of a gfant relating lo an asset is deferred, rt is recognised as deferred income gnd not deducted from the Carn9 amount of the •$set. Under the perfomance model, wh•r¢ the grant does not impose specffied lulure performancevrelated ¢ondition$ on the recipient. il is recognised in income when the grant proceds are rectrived or receivable. Where the grant does Impose speu(d future performanctrrelated condition$ on the re¢ipienl. it is recognised in incom only when the perfomianc&relat•d ¢ondilions have been met. Wher• gr•nt$ received are prior lo satisfying the r•venue recognition criteria. they are fecognised as 19
Boarbank Hall Notès to the Financial Statements {¢onthuedJ Year ended 31 December 2023 Accounting pollcl•s (¢ontrnu•O1 Flnancial in¥trum?nt4 A financial a$$et or a financial liabilrty is recognised onty when Ihe entity becomes a party to the contractual provi$ion$ of Ihtr Instrument. 883ic financial instruments are initr'alty recognisefj * the amourrt recivable OT payable including any relatèd transaction costs, unless the arrangement c(Jnstitutes a finon¢ing tran5adion. where il is recognised at the present valLW ol th• futur• entS discounted at a markèt rat• of Interest ltsr a similar debt instrument. Current assets and current Ir4biliti•$ are subsèquèntly measured at th• cash or other consideration expected lo be paid or received and not discounld. O•bt instruments ar• 8ub$equ•nly measured at amortised cost. Financial asselg that are measured at cost or amth"$ed cost are reviewed for objective evidenc• of impairmènt at tht end of •a¢h rtrporting date. If theie is Oblve eviden of impairment, an impairment loss is recognised under th& approprK4le heading in the slatemenl of linan¢ial •¢tivilies In which the initial gain was recogni••d. For all equity instruments regardless of $ignifi¢ance. and other financial a$sets that ar• individually signffjcant. these are assessed indiwdualty lor impairment. Other financial as8ets are erth•r 088•$$d individually or groupèd on the basis of similar credit risk characteristi. Any reveT8al$ tsf impainnent are recognised immedial•ty. lo the extent that the reversal d¢8 not result in a Carrying amoLtnl of the financiol asset that exceeds what Ihe ¢arryng amount Uld have been had the impaimient not prevtously been ieGognised. O•fin•d contrlbutlon plan• Ctsntribulion5 to defined contribution plans are r•¢o9nised as an expense in ihe period in whi¢h the related servi¢e 18 Pro¢1. Prtp¥id ¢onlrib¢Jts'ons are recognised •$ 8n ¥5set lo the extent that th prepayment wll lead to a reduction in fLrtum payments or a cash refund. Whèn ¢ontributson$ •r• not expe¢led lo be settled ¥tholty wlhin 12 months ol the end of the reporting date in which the employees render the related servKe. the liability is measurèd on 8 discounted presenl value basis. The unwinding of the discount 1$ recognised as an expense in th• pèriod In %thieh it ari8•$. Don•tions and l•ga¢r•$ unreStrted Funds Restricted Total Fund• Funds 2023 Donatlon• Donations 210,060 67.080 277,140 L•gael Lègaci•$ 86,540 66,540 20
Boarbank Hall Noles to the Financial Statements (conth¢r• Year ended 31 December 2023 Donations and 1ggaci•s i¢Mthu•dJ unrestn.cted Fund$ Restricted Tot•1 Fund$ FLtnds 2023 Gr•nts Government want income 276.600 67.080 343.680 UnrestrKted Funds Restricted Total Funds Funds 2022 Donatlons Donations 49.868 375 50,243 Legacles Legacies 133.407 133,407 Grnnt• Government grant income 5.953 S,953 189.228 375 189,603 Char5tabltr actlvltl Unrestn¢t•d Tolal Fund• Unrtstncted Toial Funds Funds 2023 Funds 2022 Nufsing Home Fees for Residential Care Income from Retreats Convale$¢enl Guest Home l•e$ 1,965.373 90,028 4,980 1,965.373 90.028 1,837,405 58,014 27.920 1.837.405 58.014 27,920 2,C60,361 2.060.361 1.923.339 1,923.339 Other trading •ctlv5t5e• unreStrted Total Funds UMe$lr*ted Total Fundts Funds 2023 Funds 2022 Guest House Fee$ 8.695 8.895 4.975 4.975 21
Boarbank Hall Notes to the Financial Statements (¢Ontinu•dJ Year ended 31 December 2023 Inv•stm•nt incom• Unfestred Funds Restricted Totsl Funds Funds 2023 Rental income Income Irom listed inveslments Bank Inl•r•sl I•1Vable 28.447 13.906 12,257 28.447 20.800 12.257 6.894 54,610 6.894 61.504 UnregtrKted Funds Restricted Total Fund$ Funds 2022 Rental income Income from lisl•d investments Bank inl•r•$t re¢eivabl• 20.617 11,989 5,298 20,617 17,924 5,298 5,935 37,904 5,935 43,839 Other In¢om• Unrestrict•d Tot•1 Fund• unr•$11¥1 Total Funds Funds 2023 Funds 2022 Sundry in¢om• 7.238 7.238 6.046 6.046 Exp•ndltur• on ¢h•rlt4bh Ictlvltkns by fund typ• unreStrted Funds Restricted Totsl Fund• Fund5 2023 Charitable Actiwknes Support cos15 2.025,938 35.596 8,400 1.919 2,034.338 37,515 2.061,S34 10.319 2,071,853 UnrestrKted Fund$ Restn'cted Total Fund$ Funds 2022 Charitable Actiwties Support C0513 1.881.826 25.494 8.400 1.764 1.890,226 27,259 1,907.320 10.164 1.917,485 22
Boarbank Hall Notes to the Financial Statements (coAfynu¢d) Year ended 31 December 2023 10. Expenditure on charlt•bh activities by actlvlty typ• Activities undertaken directy Support costs Total fvnds 2023 Totsl fund 2022 Charitablè Actiwb'es Governance ¢osts 2,034.338 2,034,338 37,515 1.890.226 27.259 37,515 2.034.338 37.515 2.071.853 1,917,48S 11. Gov•man¢• costs Included in Governance costs for lhe y¢ar are costs associated with A¢countancy and Audit leey £21,990 12022.. £20.444}. Managemenl f¥e$ for invt$lments £5.758 12022". £5,785), L•gal fee$ £7,358 12022." £01. foreign exchange loss £14612022.. Gain £4051 and bank charges £2.26612022'. £1,434). 12. Othor •xp•ndltur• Unre$irted Total Fund Unfestri¢ted Total Funds Funds 2023 Fund$ 2022 Lo$8 on disposal of tongible fixed as$els held for charitys ovm u$t 40 40 13. N•t 9oln• on Inv•stm•nts Unre$lri¢led Funds Restricted Total Fund• Funds 2023 Galnsllbs8I on listed investments G4insllloss•sl on other Investment a$$•ts 56.925 99.690 5,875 62,800 99,690 156.61 S 5.875 162.490 Unre$tri¢ted Funds Restricled Total Funds Funds 2022 Gainslll)ssèsl on listed investmènts Gainslllossesl on olher tnvestment assets {128.3311 341.997 123,1661 11 51.4971 341,997 213,886 123.1661 190,500 23
Boarbank Hall Notes to the Financial Statements {¢ontinu•rfJ Year Ènded 31 December 2023 14. Net Incom• Net income is stated aftèr ¢hargbngll¢redrfi"Ag)." 2023 2022 Depreciation of tangible fixed •$$ets L¢5s on disposal of tangible fixed a$s•l$ Operating lea$• r•ntals Foreign exchange diff•ren¢ 21.810 40 25.391 146 16.613 21.530 1405) 15. Audltors romunoratlon The Auditors remunèration indudes fees for accountancy and audit service$ of the y¢¥r end accounts of £12.27012022'. £10,952) and payfoll s•rvi¢es of £9.72012022' 9,4921 in the year. 16. Staff co¥t• The lotsl staff co$ts and employ•e b•nefits lor th• r•porting p•riod •Te anatysed as lollows.. 2023 2022 Wageg 4nd Salaries Social secufty ¢ost$ Employer contributions to p•n$ion plans Other employet benefrts 1.354.171 98.482 24,833 8.179 1,211,806 86,452 24,114 8.439 1.485.665 1,330,811 The average hoad count of •mployee$ dumg the year was 7012022.. 63}. The average number of lulklime equivalent eM0Y8•S durin9 the year 1$ analy$ed ¥$ flOw5.. 2023 No. 2022 No. Full Time equivlents 51 45 The number of •m0y••$ vthose omurrabtsn for the year fell within lh• follt)wing bands, were.. 2023 2022 No. No. £60.000 to £69,999 È80.000 10 £89,999 £130,000 to £139.999 17. Trust r•mun•ration and •xp•ns• During the year, neilher tru$lee r1ved any remuneration from the charity. 24
Boarbank Hall Notes to the Flnancial Statements {¢o•thu•dJ Year ended 31 December 2023 18. Tangibl• fix•d a8s•ts Freehold Fixtures and property fitting$ Motor vehi¢les Equipment Tot*1 Co$t Al 1 J¥nuary 2023 Additions Disposals At 31 D•¢wnb•r 2Q23 1,603,442 64.778 308,078 9.660 53.717 157,004 2,120,241 6.752 81,190 12,2951 12,2951 181,461 2,199.138 1.668.220 315.738 53.717 Dopr•¢l•tlon Al 1 January 2023 Charge for the y•ar Disposals At 31 D•c•mbor 2023 501.652 14.501 298.927 2.494 33.637 134,399 4.815 {2,2S41 136.960 968.81 S 21.810 12.2541 988,171 516.153 301.421 33.637 C•rrylng arnount At 310•c•mb•r 2023 1.152.067 14.317 20.080 24.501 1.210,965 At 31 D•¢ember 2022 1.101.790 7,151 20.080 22,605 1,151,626 19. InVlM•nt• Investment Other properties inve$tmenls Total Cost or valuatlon At 1 January 2023 Additions Fair valu• movement5 Other movement$ 1,365.614 1,210.042 120.880 62.800 15.759) 1,387,763 2.575.656 120,680 162.490 15.7591 2,853,C67 99.690 At 31 D•¢•mb•r 2023 1.465.304 Imp•irmgnt At 1 January 2023 and 31 D•¢•mbei 2023 Carrylng amount At 31 December 2023 1,485,304 1.387.763 2.853,067 At 31 Deeembef 2022 1,365,614 1,210.042 2,575.656 All investments Shown above are at valuatKm. Inv••tm•nt PrOrtIe¥ The investment Pror&S are induded in the accounts at valuations which 11)è trustees believe lo be market value. In accordance wrth UK FRS102, no depreo8ts 15 pfovKled on these properti•$. Other inwstm•nts ¢onsi$ls of a inve$lmenl portf¢15. 2S
Boarbank Hall Notes to the Financial Statements {conlinu• Year ènded 31 December 2023 20. Stocks 2023 2022 Raw mat•rial$ arbd consumables 1.700 1,700 21. thbtors 2023 2022 Trade debtors Prepayment$ and accrued income Other debtors 101.337 52,060 12,283 148.147 7,966 13,528 165,680 169,841 22. Inv•stm•nts 2023 2022 Short-t•mi d•posrts 478,641 528, 122 23. Cash and ¢aJh equlval•nts Cash and ¢o$h eouiv¥lents comprise the folbw4ng' 2023 2022 Cash at bank and in hand short.lèrm depos 946,780 478,641 601,618 528.122 1,425,421 1.129,738 24. Crndltorl: amounts falllng dy• wlthln on• y•ar 2023 2022 Trade creditors Acewa15 and defefred income Social s•curty and other taxes 17.069 124,200 5.095 16.379 69,082 4,527 746.384 89,988 25. Pen$lons and othèr pmt retirnm?nt b•fft8 D•fin•d Contribution plans The amount r•co9ni$ed in Irbcome or expendrture •¥ an expense in rel8lion to defined contribution plans was £24.83312022". £24.1141. 26
Boarbank Hall Notes to the Financial Statements (¢onWnu••J Year ended 31 December 2023 26. Government grnnts Th& amounts recognised in the financial statements fty government gfanls are as follows.. 2023 2022 Recogni8èd in Income from donations and 189a¢i$." Govrnmnl gran15 irhcGYne 5.953 27. Analys1¥ of charftable fvnds UnMstrlet•d lund$ At 1 January 202 At Gain$ and 31 D•e•mb•r losses 2023 In¢om• Expenditure General funds Community Fund Property Improvements 4,632.938 50.913 32.936 2.367.504 {2,061,5741 156,615 5.095.483 50.913 72,938 40.000 4,716.787 2.407,504 12.061,5741 156.615 5.219,332 Al 1 Jnuary 202 Al Gains and310wMmb•r lo$$e8 2022 Income Expenditur• Gen•ral fvnd$ Community Fund Property Improvements 4.165.100 50.913 32.938 2.161.492 11,907.3201 213.666 4,632.938 50.913 32.936 4.248.949 2.161.492 {1,907,3201 213,866 4,716.787 27
Boarbank Hall Notes to the Flnancial Statements iGotsthu•dJ Year ended 31 December 2023 27. Analy81s of charitabl• funds f¢ottiiftwd) R•strlct•d fvnds At Gains and 31 D•cember losses 2023 1 January 202 Income Expendrture Sister Anne post graduate scheme Sister Mary Wh•l¥n lund 116.2531 90.227 115,2911 306.408 220.625 110,3191 110.3191 5.875 221.587 73.974 5,875 291,117 Al Gain$ and 31 December losses 2022 1 January 202 In¢ome Expendrture Sister Arn• post graduate scheme Sister Mary Wh•lan lund 962 220.525 247.645 6,310 110.1641 110.1641 {23.1661 {23.1661 248,607 6,310 221.587 28. Analy•l$ of net as8•ts b•tw••n fvnds Unrestnct•d Funds Re$lr¢t•d Total Funds Funds 2023 T•ngible fixed assets Investments Current asset$ Creditors less than 1 year N•t assets 1.210,966 2,614.S92 1.540.160 1146.3861 5.219.332 1,210,966 2.853.067 1.592.802 1148.3861 5,510,449 238.475 52.642 291.117 Unrestricted Fund5 Restricted Total Funds Funds 2022 Tangible fixed a$$ets Investments Current assets Creditors bs$ than 1 y•ar N•t assets 1,151.626 2.355.031 1,300,117 189,9881 4,716.766 1.151.626 2,575.656 1,301,079 189.9881 4.938.373 220.625 962 221.587 28
Boarbank Hall Notes to the Financial Statements {¢oftWou•d) Year ended 31 December 2023 29. Stst•m•nt of fund• Si$t6r Amne Postgraduate scheme Fund ha$ set up to lund studenfs costs coming to 8oarbank. This will be an ongoing fund. Sister Mary Whelan lund ha$ been ¥ot up support h•r as sh• li$ outsid• of ¢ommunity. this fund is to be used for her every day needs and firture care. Timing of Exptrndrturt on funds rt as required to me•1 the objectN•$ of the fvnds. Tho Communty Fur)d is money put aside for the si8teTS the event of emergenrAes or for a reason such a3 a 51sler requiring specialised care or a sister who le•ve$ th• mmUnIty and requires monetary a$si$tance. Th• source Is mainly from le9a¢ie$ inherited by the sisters at)d gain payouts of insurancel endowment polirAes. Property Improvtsmenls Fund is money pul asrd& for improvin9 the propety. This fvnd was $•1 up in 2005. The initial donaknon came from a legacy left to one ol the members ol the community. As th• members ol the community are not allowed to own any property the money wag transferred into this fvnd, and will be utili$ed •$ and whtrn required. In 2011. lunds werè utilisèd to make up the shortfall in funds required on the Bethany Refvrbishment. In 2023 a donation of £40,000 was received in relation lo anticipated costs for a new lift and has been separ¥led into the designated funds for prop¢rty improv•m*nl8. 30. Contlng•nt Il•bllltl•• Th•fe ar• ¢onting•nt lia.1••$. 31. Control r•latlonshlp• The charity is controled by the trustees together with the councd of e7Ve sisters. 32. Analy•lB of ch•ng•s In n•t debt At At 1 Jan 2023 Cash fbows 31 D•c 2023 Cash al bank and in hand Clbrnant assat investments 601.616 528.122 345.164 149.4811 295.683 946.780 478.641 1.129.738 1,42S,421 33. C•pltal eommltm•nts There were no caprtal commthents at 31 December 2023 £nil12022 £Nill. 34. Operatlng leas• commitm•nts The lotsl future minimum lease p•ymenl$ under non4an¢ellable opralin9 lease$ are •$ follows.. 2023 2022 Not later than l year 28,455 19.639 29
Boarbank Hall Notes to the Financial Statements iconknu•d) Year endod 31 Docember 2023 34. Op¢rating leas? commitments Iconllnu•dJ During th$ year the ¢harty paid £25.391 12022.. £21,530) towards its rental leas•s. 36. Ethl¢•l $tsnd•rd• In common wrth many other charrties of our sge and nature we use our auditors to prepare and submit returns to the tax aulhor]ts"es and assist wrth the preparabon of financial statements. 30
Boarbank Hall Management Infonnation Year ended 31 December 2023 Th• followlng p•9•8 do not forni part of th• fin•nclal stat•m•nts. 31
Boarbank Hall Detalled Statement of Financial Activities Year ended 31 December 2023 2023 2022 Incom• and •ndowments Donations and legacies Donations Legacies Government grant in¢om8 277,140 66.540 50,243 133,407 5,9S3 343.680 189,603 Charftabl• actlvltig Nursing Home Fees for Residential Care Income from Rtrlrtats Conval•sc•nt Guest Home fees 1.965.373 90.028 4,960 1,837.405 58,014 27,920 2,060,361 1,923,339 Oth•r tradlng •etlvlti Gu•$l Hou$e Fots 8,695 4,975 Inv•stm•nt In¢omo Rnlal Income In¢om• from listed investments Bank interest receivable 28.447 20.800 12.257 20,617 17,924 5.298 61.504 43,839 Oth•r Incom• Sundry income 7,238 6,046 Totsl In¢om• 2.481.478 2.167,802 32
Boarbank Hall Detailed Statement of Flnancial Activities (¢onnu•O Year ended 31 December 2023 2023 2022 Expendltur• Exp•ndituro on charltable actlvltles Purchases Wages and $8laris Employerfs NIC Pension costs Other post-rebremenl benefits Operabng leases R•le$ and waler Light and heal Repairs and maint•nanc¢ Insuran Motor vehicle expenses Legal and profèssional fe•s Telephon• Other office costs Depreciation Other interest payable and similar ¢harg•s Forèign exchange g¥irvlo$s Other Support Costs Gifts 153.486 1.354.171 98.482 24.833 8.179 25,391 5.665 73.119 88,212 40.B78 12.938 35.103 15.885 42.881 21,810 2.266 146 62,894 5,514 132.287 1,211.806 86.452 24.114 8,439 21.530 10,521 73,992 126,898 28,029 11,864 26,230 14.789 38,099 16.613 1.434 14051 80.634 4.159 2.071,853 1,917.485 other oxpèndltur• Loss on di$posal ol tangible fixed 08S•ts h•ld lor charws own 40 Total •xp•ndltur• 2,071,893 1.917,485 Net g•ins on InvMtm•nts Gain51llo$sèsl on listed investments G•inslllossesl on other srwstment assets 82,800 99.690 1151,4971 341,997 162.490 190,500 Net In¢om• 572,075 440.817 33
Boarbank Hall Notes to the DeLiiled Statement of Financial Activities Year ended 31 December 2023 2023 2022 Expondltur• on charitable actlvititis Charitable Activities Actwities und•rtak•n directly Direct charitable aGlivity 1 purchases Direct ¢hantable activity 1- wageslsalaries Dir¢t char¢table activity l - employerf$ NIC Direct chanlable a¢livity l - pension costs Direct charitsbl activity 1- other employee beneffty Dir•ct charitable activity 1 operating lea$e$ Direct charitable activity 1 rates & water Direct charitable a¢tivity 1 light & heat Direct charrtable activty 1 rtrpairs & mainl•nan Direct charitable activity 1 insurancè Direct ¢harilabl activity 1 motor vehicle expen¥t$ Dire¢l ¢haritable activity 1 telephone Direct charitable actiwty 1 - other Offi cost$ Direct charitable activity 1 depreciation Dlr•¢t charitable actiwty 1 Other Support Costs Direct charitable acliwty 1 Gffts 153.486 1.354.171 98.482 24.833 8.179 25.391 5.665 73.119 88.212 40.878 12.938 15.885 42.881 21,810 62,894 5,514 132,287 1.271.8(k 86.452 24.114 8.439 21.530 10,521 73.992 12fj.898 28,029 11.864 14.789 38.099 16,613 80.634 4,159 2.034,338 1,890,226 Gov•rn•n¢• ¢08ts Governan¢& ¢o$t$- accountancy fees Gov•rnane• costs- audil fee$ Governance cosl$- professional 18•s Govern•n¢e ¢o$ts- other finance cost$ Gov•rnanc• costs- foreign exth¥nge 98inAo88 9.720 12.270 13,113 2.266 146 9,492 10,952 5,786 1,434 14051 27.259 37.515 Exp•ndltur• on eharltabl• actlvltl• 2,071.853 1,917,485 34