CHARITY REGISTRATION NUMBER: 233499 Boarbank Hall Financial Statements 31 December 2024 ERSIDE ACCOUNTANCY LANCASTER LIMITED Chartered accountants & statutory auditor Suite 2, 2 Mannin Way Lancaster Business Park Caton Road Lancaster LA13SU
Boarbank Hall Flnancial Statements Year ended 31 December 2024 Paga Trustees, annual report Independent auditorfs report to the members Slatement of financial activities 12 Slatement of financial position Statement of cash flows 13 14 Notes to Ihe financial statements 15 The following pages do not forni part of the flnanclal statements Detailed statement of financial activities 30 Notes to the detailed ststement of financial activities 32
Boarbank Hall Trustees. Annual Report Year ended 31 December 2024 The trustees present their report and the financial statements of the charity for the year ended 31 December 2024. Chair's report Trustees, Appreciation Each year. Boarbank H811 benefits from the generosity of those people who $upp)rt the Annual Coffee Morning and those who make individual donations and bequests. The trustees would sh lo extend their gratitude to our individual donors and volunteers for their support for the charity. Although the Coffee Mornlng has not taken place since 2019, the trustees are hopeful fcK its return from 2025. The Iruslees would also like to place on record their thanks to the employees for their commitment and l¢)yalty to the charty. Rèference and admln18tratlve detalls Rogistered charlty nam• Boarbank Hall Charity regi8tratlon number 233499 Principal offlco Canonesses of St Augustine Convent of Our Lady of Lourdes Boarbank Hall Allithwaite Thé trustaes Sister Eileen Pollard Sister Elizabeth Mary Veronica Connell Audltor Riverside Accountancy Lancaster Limlted Chartered accounlanls & statutory audltor Suite 2, 2 Mannin Way Lancaster Business Park Calon Road Lancaster LA13SU Banker8 National Westminster L4116DS
Boarbank Hall Trustees, Annual Report {contlnu•dJ Year ended 31 December 2024 Lloyds Bank PIC 6 The High Street Boscombe Dorset BH313RG Solicitors BSG 3&4 Aalbord Squa Lancaster LA1 1GG Structure. goveman¢• and managemenl The policies are del8nnine(I by a Council of Sisters. Day lo day operatlons are closely supoNlsed by the Council of Sisters. Decisions regarding the medical treatment of patients are taken by the qualified members of nurslng staff tog8thgr with external medically qualrfied person$. The Counal of Sisters control the appoinlmenl, induction and training of trustees. The community provides significant support and access lo the many years expen'ence of trustees. general duties 8nd sponsibAilies. Risk Assessment The Cryjncil of Slsters has conducted ils own review of the risks lo thich Boarbank Hall is exposed a1 systems have been established to mitigate those risks_ Intemal risks are minimised by the financial controls imposed in respect of the procedures for the authorisation of all transactions and projects. The Councl of Sisters maintains a close control on the day-to-day operation of the charity in respect of all ils activities. Boarbank Hall has an approved Health and Safety wlicy.
Boarbank Hall Trustees. Annual Report (contin) Year ended 31 December 2024 Objèctives and adlvltlas The principal actrvity of the Gharity is the running of a convalescent aTrJ nursiro h)me. The objectives of the charty are set out in Paragraph 3 of the Trust Deed. the principal objective being'.- To run a convalescent home for people suffering from Ill$$ or injury For the assistanc8 of a person's recovery of health and strength and for the nursing of sick and ailing pallenls. The strategies and activities applie(J lo achieve these obje¢tl¥e8 involve the use of Boarbank Hall as a nursing and convalescent home run by professional qualffied nursing staff together with ongoiTrJ voluntary support from the Canonesses of St Augustine. The charity makes extensive use of voluntary unpaid work from tsvelve (2023.. e1Ve> of Ihe sisters who resKie on sile at Boarbank Hall. They provide significant pastoral and spiritual care to the patients residing at Boarbank Hall and are responsible for the day to day adminislralion and running of Ih charity. The sisters work varigd hours in beINn commitments related to their religious aclivits'e$. The policies are delermlned by a Council of Sisters together with the approval of all important financial transactiorts. Achlevem•nts and porfoTmance The objectives of the charity of care and Irealmenl of patients at Boarbank Hall continue lo be achieved Ihr(yJgh the provision of nursing care of the highest possible standard together wth palliative and pastoral care as required. The Sisters have continued their aim of updating and extending the facililies to improve the quality of car8 offered and to meet the changing needs of society- This programme of refurbishment is ongoing as finances pemiit. The provision of Ihi$ care and treatment is dep8ndanl on the cortinued excellent relalionshlp wlth the nursing staff and the impl&menlation of all relevant health and safety regulations enabling the charlty to meet with all its legal and moral obligations and thus continue in the future ils charitable acliv(lies. The main key performance indicators in this area 3re near 1 OOV/o occupancy of rooms, high levels of staff retention. avaIla'llty of Spiritual support and the excellent facilrf(ies and services provwjed lo patlents. The charlty has been awarded gold slalus from the CQC in relatKJn to the quality of the care they provide to patlents, thls is a dear indication of the achievement they have made against their objectives. Covid 19 has not hindered Ihelr abllity to meet objectives or provtde the same quality lo patients, h¢)wever additional funds have been requlred in order to migrate risks and safeguard the patients in their care. Th& continued support from the sisters of St Augustine and members of Ihe wblic and organisalions contlnues to be an essential element in the smooth running of the chanty-
Boarbank Hall Trustees. Annual Report (wlIn Y•ar ended 31 December 2024 A¢hiov•ments and perfomanco (¢ominu•d) Public Benefil The sisters have ¢onsidered the Charity Commission's guidance on public b8n8fil and have had due regard lo ts content. The aim of the charity is to provid8 nursing care and to assKst those recoverirvJ from hèalth problems as slated above in the oblectNes and activities section. The nursing home is open lo all members of the publ and the ¢onvalescenls rec8ive support and care as necessary wlhin the guest house, subject lo payment of appropriate fees. An important part of the actlvty of the charity is th8 Ffovlston of religious supw)rt and guidance lo those who wish it. Pastoral support is offered as appropriate to members of the public. The Chapel is open for the use of the public to attend Sunday Mass whiGh is attended by many members of the local ommunty and visitors to Boarbank H211. The guest is available for the use of those on ligIouS treats. The chapel is available for the use of guests for worship and reflective conlemplalion and courses are available lo aid understanding of the Calholi¢ faith. This facility is for the use of members of the public in addition to members of the religious community. FurKlraising Activities The charity usually holds an annual fundraising coffee morning which raises money towards various projects. They have been unable to hold the event since the Covid 19 pandemic however they have sold from th8 garden and the shop in the nursing homg raising £1.145 The trustees hop& that thls will retum In the future as it has always been a profitable dayfor the charity. Investtn¢n15 and Investment Powers The Council of Sisters ¢onlrol$ and approves all imFKJrtant financial transactions. The investments held by charty consist of quol8d and unquoted investments. The movement in these investments can be found al note 18.
Boarbank Hall Trustees. Annual Report (contthu60) Year anded 31 December 2024 FlnanGial rgvlgw The $v11$ of the charity are set out on pages 12-13. Th& nèt resources deficit made during the year ended 31 Deckmbèr 2024, after accent1ftg for all recognised gains and losses, was £12,071 12023 £572,075). This has been debited to reseNeg and the balance of £5,498,37912023 £5.510.4491 has been carried foM8rd During the year, the charity has incurred a gain on its long lemi cash investments with Transact and Ralhbones of £61,587 which is attributable to a mixture of realised and unrealised gains. As il is lo be held long term, the unrealised movements are not the primary focus and as the market aEwrs lo have stabilised after the uncertainty in the previous few years. il is hoped that the investment wll continue to appreciat8. In 2024 an independent valuath)n was carried oul on the investment properties. increasing their value by £nil (2023-. £99,690). The trading activities of the charity creates a defrcil in most years. however the donations and legacies received enable to charity lo continue and provide much needed support and care for their patients lo meet the charity objectives. The trustees have invested these cash reserves into short term deposits and investments lo further the cash reserves available for the future. We have seen this year that acr055 the boaré, the income have all increased this year whh 15 a positive sign after the Covid 19 pandemic and reslri¢lions. At the year end thè Charity has restricted funds of £301.493 {2023.' £291,117) and unrestricted funds of £5,196,88612023: £5,219,332). The split of funds can be found al note 27.
Boarbank Hall Trustees. Annual Report {eanfy'nued) Yaar ended 31 December 2024 FinanGial review (Gontlnu Rèserves Policy Under the reqUernents of Charty Law, the Trustees a obliged to define Ihe Charivs policy for holding reserves. The intention in ¢slabli$hing this reserves policy 1$ lo ensure the continuation of the Chariivs activities. The policy will enable the Charty to meet ils legal objeclives. provide ¢onfiden¢e to supporters and donors seeking to give financial support lo a prudently conlrolled charity and to ensure that the reserves we al a18V81 SLlent to discharge all of the Charitls obligations in the event Ihat it should ¢ea$e its oporalions. The policy has been that the level of unrestricted reserves {exduding reserves relating to fixed assets used lo deliver the charitable objectives) should be sufficient lo meet designated commitments and to meet the running costs of the Charity for a peri¢JY not less than six months but no more than one year. The trustees acknowledge the amount in reserve5 15 above the level of the wlicy but this is with the anticipation of fulure development at the home. To maintain appropriate levds of reserves. the Trusle8s have determined that.. - all legacies and donalw)ns. which havo rb) restriclton placed upon them by the lemis of the donation, are considered lo be general reserves,. capital commitments and expendiiure plans are reviewed periodicalty and the funds required to finance such may b8 removed from general reserves as necessary for Ihe allainment of its Ixo objects- - funds may, from time lo lime, be designated for specffj purposes. The likely timing of expenditure of designated funds is as explained in note 28 Prirxlpal Funding slreA$ The principal funding sour$ are donations from individuals and org8nisalions, payment of nursirKJ fees by Cumbria County Council, other Local ALJlhorities and private sources, fundraising 8Ctivilie8 such ag the annual coffee moming and income from bank interest and investments. Further details may be found in accounting policies. These funding sources have enabled the charty to meet its objectives by being able to pay for the provision of all services and activities. Plans for future pertod8 The charity will continue lo provide the highest level of care within the means of the charity as set out in ils objectives. Trustees Th8 Iruslees th served during the ypar are as follows.'- Mary Veronica Connell- Sister Elizabeth Mary Eileen Pollard - Sisler Eileen Pollard-superior Al any one time. there must be no more than four Iruslees and no less than three trustees. Hoer per the minutes during the 2022 year, Ihe ¢ommunity decided that Ihey would continue wth .
Boarbank Hall Trustees. Annual Report (con61nu•d) Year ended 31 December 2024 TnMtees' rosponsibllltles Statement The trustees are r8sponsible for preparfng the trustee8' report and the flnartial statemenls in accordance with applicable law and United Kingdom Accounting St8nd3rds (United Kingdom Gerwally Accepted Accounting PtiCe}. The law applKable lo charities in England and Wales requires the chartiy Iruslees to prepare financial statements for ea¢h year which giv8 a true and fair view of the slate of affairs of the charity and of the inooming resources and applicalDn of resources, of the charity for that period. In preparing these financial stal8ments, the trusteos are required to.. select suitable accounting policvas and then apply them consistenlly, observe the methods and principles in the applicable Charities SORP,. makejudgmenls and avx)unling estimates th* are reasonable arKI prudent.. state whether applicable UK Accounling Standards have been followd, subj-ect lo any material departures disclosed and explained in the finanGial slatements,- prepare the financial statements on the going ¢oncem ba$1$ unle$$ rt is irkgppropriale to presum8 that the charity wll continue in buslnes$. The Iruslees are responsible for keeping adequate accounting records that are Sufficlent to show and explain the chariws transactions and disdose with reasonable accuracy at any lime the financial position of the charity and enable them lo ensure that the financial statements comply wth th8 Charities Act 2011, the applicable Charities (Accounts and Reports} Regulations, and the provlsions of the Trust Deed. They are also responsible for safeguarding the assets of the charity and hence f taking reasonable steps for the prevention and detection of Iraud and other irregularities. The truste8s' annual report wag approved on 17 October 2025 and signed on b8haFF of the tJ)ard of Iruslees by. Sister Elleen Pollard Trustee
Boarbank Hall Independent Audltor's Report to the Members of Boarbank Hall Year ended 31 December 2024 Oplnion We have audtted the financlal statementx of Boarbank Hall (the 'chariVI for the year ended 31 0mber 2024 which comprise the statement of financial activthes, slatem•nt of financial position, statement of cash flows and the related notes. including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards. including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland IUn¢ted Kingdom Generally Accepted Accounting Praclicel. In our opinion the financial statements.. give a true and fair view of Ihe stale of the chariWs affairs as al 31 December 2024 and of ris incoming resources and application of resou$. inGluding its income and expgndilure, for the year then ended., have been Propty pr8pared in accordance wth United Kingdom Generally Accepted Accounting Practice- have been prepared in accordance with the requirements of the Charrties Act 2011. Basls for oplnlon We conducted our audit in accordance wth International Standards on Auditing (UK} (ISAS (UK)) and applicabl8 law. Our responsibilili8s under those stsndards ar8 further described in the auditor's Tesponsibililies for the audit of the financial slatem8nls section of our report. We are independent of the charity in accordan¢e with the ethical requirements that are relevant lo our audit of the financial statements in the UK, including the FRC'S Eihical Standard, and we have fulfilled our other ethical responsibilities in accordance wlh these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Concluslons rolatlng to golng concem In auditing the financial statements, v* have concluded that the trustees. use of the going ¢oncem basis of accounting in the preparation of the financial statements 1$ appropriate. Based on the work we have perfcffmed, we have not identrfied any material uncertainties relating to events or conditions Ihat, individually or collectively, may cast signrfunt doubl on the charitvs ability to continue as a going concem for a period of al18asl 1ve months from when the financkgl statements are authorised for issue. Our responsibilities and the responsibilities of the Iruslees with r8SP8Ct lo going concem are described in the relevant sections of this report.
Boarbank Hall Independent Audltorfs Report to the Members of Boarbank Hall fconthiu¢d) Year endod 31 December 2024 Other Infomk*ion The other Information comprises the information included in the annual report. other than the financial statements and our auditor's report Ihereon. The trustees are responsible for the other information. Our opinion on the financial statements does not cover the other information and, except to the extent olherwL88 explicitly staled in our report, we do not express any form of assurance conclusion Ihereon. In connection with our audit of the fin8neAal stal8menls, our responsibility is lo ad the olher infomiation and, in doing so. consider whether th8 other information is materially in¢onsi$tenl with the financial statements or our knowledge obtained in the audit or othemse appears to be materially misslaled. If we idenlrfy such material incA)nsistencies or apparent malefial misstatements, we are required lo determine whether tPe is a mal8rial misstalemenl in the financial stslements or a material misslatemenl of the other information. If, based on the work we have perfomied, we conclude that thero is a material mis$talement of this other inforrnalion, we are required to report that fact. We have nothing to rel In this regard. Matters on whlch wo are required to report by oxc•ptlon In the light of the knowledge and understanding of the charity and rts environment obtained in Ihe course of the audit, we have not idenlifwj malerial misslatemenls in the trustees, report. We have nothing to report in respect of the following matters in relatlon to which the Charities Act 2011 requires us to report lo you rf, in our opinion= th8 information given in the trustees, re$t is in¢onsislenl in any malerial respect wrth the financial statements.. or adequate accounting records have Tr)t been k8pI", or the financlal statements are not in agreement with th8 accounting records and returns,. or we have not received all the Informat and explanations we require for our audit. R•sponslbilitie8 of trustees As explained more fully in the Iruslees, responsibilities statement, the Iruslees are responsible for the preparation of the financial slalemenls and for being satisfied that they gNe a Iwe and fair view, and for such internal control as the tnjgtees determine is necessary lo enable the pparation of financial slalements that are free from material misstatement, whether due to fraud or error. In preparing the financlal statements, the trustees are responsible for assessing the ch8nWs abilty to continue as a going cOnrn. disdosing, as applicable, mallers related to going concern and using the goin9 concern basis of accounlir4J unless the trustees either intend to liquidate the charity or lo cease operation$, or have no realisliG alternative bul to do so.
Boarbank Hall Independent Audltorfs R•port to the Members of Boarbank Hall {contlnu6d) Year ended 31 D•c•mhr 2024 Audltorf8 r05ponslbllltles for the audft of the flnan¢ial statomonts Our objectives are to obtain reasonable assurance about wh81her the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditorfs report that inGludes our opinion. Reasonable assurance is a high level of assurance, but is noi a guarantee Ihal an audit conducted in accordance wth ISAS {UKI wll always detect a material misstatement when il exists. Misstatements can arise from fraud or error and are considered material rf. individually or in the aggregate. they could aSOnablY b8 expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, Includlng fraud, are instances of non-compliance with laws and regulations. We design procedures in Ilne wllh our responsibilili8s, outlined above, to detect materlal misstslements in respect of irregularities, Includlng fraud. The extent to which our procedures are capable of detecllng lrwularit, including fraud Is detailed below., Review of Iru5tees minutes and revi8w of nominal p05tings for legal and professional fees ensured identrfied ally regulatory compliance issues and laws that company must follow in the year a1 to the dale of signing the financ1 statements. - The assessment of fraud was consider as low due to the segregation of duties seen. low levels of cash handled. A review of journal entries and consideration of their appropriateness was carried out through the audit. - During the audit w speak to trustees, test the system$ and speak to various members of th8 finan function lo understand the entity ils processes and the natur8 of trade lo assist in de18rmining rf the financial statements are true and fair. Challenging assumplM)ns made by management In making their Significant a¢counling eslimales. Reviewing financial slalemenl disclosure and testing to ¥upporting doGumentstion to assess compliance wth applicable laws and regulations. Legacies and Donations are re1 to ensure no restriction on funds are required to ba allocated differently from the common funds_ As part of an audit in accordarKe with ISAS {UKI. we exerclse professional judgment and maintain professb)nal scepticism throughout the audtl. We also.. Identify and assess the risks of material misslatemenl of the financial statements. whether due to fraud or error, design and perfomi audit procedures responsive to those risks, and obtain audlt evide that is sufficient and appropriate lo provide a basis for our opinion. The risk of not detecting 8 material misstalemenl resulting frorn fraud is higher than for one resulting from error, as fraud may involve collusion. forgery. intentional omissions, misrepresentations. or the overrlde of intemal control. Obtain an understanding of intemal conlrol relevant to the audit in order to design audit procedures that are appropriate in the circumstances. bul rK)t for the purwse of expressing an opinion on the effectiveness of the internal control. Evaluate the appropriateness of accounting policies used and the rea50n2blene5s of acKountirvJ eslimales and related disclosures made by Ihe trustees. 10
Boarbank Hall Independènt Audltorfs Report to the Members of Boarbank Hall fcontthu8d) Year ended 31 December 2024 ConclEJde on the appropriateness of the trustees. use of the going concern basis of accounting and, based on the audrt evidenc8 obtained. whether a material UnrtaInty exists related to events or conditions that may cast significant doubl on the charity's ability to continue as a going concem. If we conclude that a material uncertainty exists. we are requId to draw attention in wr aLJdrtorfs report to the related di5dosures in the financial statements or, rf Such disclosures are inadequate. lo modify our opinion. Our conclusions are based on Ihe audit evidence obtained up to the dale of our auditorfs report. However, future events or condstions may cause the Gharity lo cease lo continue as a wing con¢em. Evaluate the overall tfesenlalSon, structure and content of the financial stslements, including the disclosu$. and whether the financial statements represent th8 underlying transactions arKI events in a manner that achieves falr presentats"on. We communicate with those charyed wth governance regarding, among other matters. the planne(I scope and timing of the audit and sigrlrficanl audil findings, including any signrficanl deficiencies in internal Control that we identify during our audit. Uso of our report This report 1$ made solety to Ihe charltys members, as a body, in accordance with sect 144 of Ihe Charities Act 2011 and regulations made under section 154 of that Act. Our audit work has been undertaken $0 that we might stale lo the chariws members those matters we are required lo stste to them in an auditor's report and for no other purpose. To the fvlle5t exlenl permitted by law. do rKJI accept or assume responsibility to anyone other than the charity and the charitvs members as a body. for our audit worl for this report, or for the opinions we have formed. Penelope Bowden ACA {SenKy Statutory Auditor) For and on behalf of Riverside Accountsncy Lancaster Lirniled Chartered accountants & statutory auditor Suite 2. 2 Mannin Way LanGasler Business Park Caton Road Lancaster LA13SU 17 October 2024 11
Boarbank Hall Stalement of Flnanclal Actlvitiés Year •nd•d 31 December 2024 2024 Restricted funds Total funds Total fund$ 2023 Unrgslri¢1gd funds Income and endowmentg Donations and lega¢ig5 Charitable activities Other trading aclivilies Investment income Other in¢om8 85,449 2,199,851 7.075 47.584 19.108 30 85,479 2,199,851 7,075 49.198 24,533 343,680 2,060,361 8,695 46,461 22,281 2,481,478 1.614 5,425 Total incomo 2,359,067 7,069 2,366,136 Expendlture Expenditure on chtable activlties Other expenditure Total oxpondlture 9,10 2,415,881 12 15,514 8,399 2,424,280 15,514 2,439,794 2,071,853 2,431,395 8,399 2.071,893 Net gains on investments 13 49,882 11,706 61,587 162,490 Not lexpenditurelfincome and net movoment in funds {22,446) 10,376 (12,071) 572.075 ReconGiliation of funds Total funds brought fOard Total funds carried forward 5.219,332 5.196,886 291,117 301,493 5,510,449 4,938,374 5,498,379 5,510,449 The ststement of financial activities includes all gains and losses recognised in the year. All Income and expenditure derive from continuing aclivilies. Thè nots8 on payg 15 to 28 forn) part ofthesè financial 8tstsments. 12
Boarbank Hall Statement of Financial Position 31 Decomber 2024 2024 2023 Fixed a89ets Tangible fixed assets Investments 18 1,494.642 19 2,975,153 4,469,795 1,210,965 2.853,067 4,064,032 Current as8e18 Stocks Debtors Investments Cash at bank and in hand 20 21 22 2,500 112,697 496.083 551,310 1.700 165,680 478,641 946.780 1.162,590 1,592,801 Craditors: amounts falling du• wlthln one year Net curront assets 134,007 146.384 1,028,583 5,498,378 5,498,378 1,446.417 5,510,449 5,510.449 Total assets1os6 current Ilabllltle8 Not assols Funds of th• charity Restricted funds Unrestricted funds 301.493 5.196,886 291.117 5.219.332 Total charlty fund$ 26 5.498,379 5.510.449 These financial statements were approved by the board of Iruslees and aulhori5ed for issue on 17 October 2025, and ar8 signed on behaff of the board by.. Sister Edeen Pollard Trustee Sistèr Elizabeth Mary Veronica Connell Truste8 The notes on pag•9 15 to 28 form part ofthese flnanclal stat•m•nts. 13
Boarbank Hall Statement of Cash Flows Year ended 31 December 2024 2024 2023 Not• Cash flows from operating activltlos Nel lexp8ndilure)lincome {12.071) 572,075 Adiustn7ents for.. Depreciat of tsngible fixed assets Nel gains on investment5 Dividends. interest and rents from inveslmenls Other interest receNable and similar income Interest payable and similar charges Loss on disposal of tangible fixed assets Accrued (incomeyexpenses Management Fees paid thrc4Jgh Investment 23.863 21,810 {61.587) (162,491) (42,811) 128,447) {26.658) (18,014) 2,631 2,266 15.514 {44.410) 11,023 5,759 Ch8nps in." Stocks Trade and other debtors Trade and other creditors {800) 52.983 32.034 48.176 1.280 Cash general8d from cwations (61.312) 453,478 Interest paid Interest received 12.631) 26,658 (37.285) (2,266> 18,014 469,226 Nel cash (used Inllfrom operatlng &tNlties Cash flows from Invostlng a¢tlvltles Dividends. interesl and rents from inveslmenls Pur¢ha5e of tangible assets Purchases of other investments 21.693 7,647 1323,055) 181,190> (39,381) (100,000> 1340.743) (173.543) Net Gash used in investing activities N•t Idecrease)lincrease In cash and cash •quivalontg Cash and Cash equivalents at beglnnlng of y•ar Cash and Cash equivalents at end of year 1378.028) 1,425.421 23 1.047,393 295,683 1,129,738 1,425,421 The nots8 on pag•8 IS to 28 fomi part ofthe•e financi41 statsmènts. 14
Boarbank Hall Notes to the Financial Statements Year ended 31 December 2024 General Informatlon The charlty is 8 publlc b8nefil entity and a reglstered charlty in England and Wales and is unlncorporaled. The address of the principal Offi 15 Boarbank Hall, Allithwaite. Grange over Sands. L411 7NH. Statoment of compllance These financial statements have been prepared in compliance wlh FRS 102. 'The Financial Reporting Standard applicable in Ihe UK and the Reput4ic of Ireland., the Statement of Recommended Practice applicable to ¢harilies preparing their account5 in accordance wlh the Financial Reporting Standard applicable in thg UK and Republ of Ireland IFRS 1021 {Charities SORP (FRS 102)) and the Charities Act 2011. Accountlng pollcles Ba818 of preparatlon The financi81 statements have be8n prepared on the historical cost basis. as modrf+ed by the aluation of certain financial assets and liabilities and Investment propertles measured at fair value through income or expenditure. The financial statements are prepared In sterllng, vthich Is th8 functional currency of the entity- The financial statements are rounded to the nearest £1. Golng concern The a no malerial uncertainties about the chantys ability to continue. Judgements and key 80urces of estlmatlon uncertalnty The preparation of the financial stalem8nls requires management to make judgements. estimates and assumptions Ihal affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including exwtations of future 8vent5 that are believed lo be reasonable under the circumstances. Forelgn currendes Foreign ¢urrency transactions are initially recorded in the functional currew. by applwng the sp)t exchange rale as at the dale of the transaction. Monetary 8ssets and Ikabilities denomSnaled in foreign currencies are translated al the exchange rale njling at the reportlng date. with any gains or losses being taken lo the statement of financial activities. 15
Boarbank Hall Notes to the Financlal Statements fcontlmmdl Year ended 31 December 2024 Accountlng poli¢ios fcontlnuvdl Fund accountlng Unrestricted funds are available for use at the discretion of the trustees lo further any of the charitS purposes. Designated funds are unrestrlcled funds earmarked by the trustees for particular future project or commitmenl. Restricted funds are subJ"ected to restrictions on their expenditure declared by the donor or thrgh the terms of an appeal, and fall into onè of ttvo suMasseg". restri¢led income ndS or end0ent fvnés. Incoming resources All incoming resources are included in the statement of finala1 aclivilies when ents'tlemenl has passed lo the charity.. it is probable that the economic benefits associated wlh the transaction wll flow to the charity and the amount can be rtliably measured. The follomng specific policies are applied to partlcular categorles of income: income from donations or gr8nls Is recognised when there is evldence of entlllemer)t lo Ihe gift, receipt IS Probable and tts amounl Can be measured rdiably. legaty income is recognised when receipt Is probable and entitlement Is established. income from donated goc¥Js 18 measured al Ihe fair value of the g)ods unl8SS this Is impractical to measure reliably. in which cas& the value is derived from the cost to the donor or the estimated resale value. Donated facilrties and servlces are recognised in the accounts when received rf the value can be rellably measured. No amounts are included for tho ontributn of general volunteers. income from contracts for the supply of services is recognised wlh the delivery of the contracted service. Thi¥ is classified as unrestricled funds unless there is a contractual requirement for il to be spent on a particular purF)ose and reiumed rf unspent. in which case il may be regarded ag restricted. 16
Boarbank Hall Notes to the Financial Statements (contlnuedl Year ended 31 December 2024 Ac¢ounting pollcles {contlnu•dJ Resourcas oxpondèd Expenditure is recognised on an accruals basls as a Ilabllity Is Incurred. Exp8ndilure Sncludes any VAT which cannol be fully recovered. and 1$ clas5rfied under headings of the statement of financiaf activities lo which it relates: expenditure on raising funds indudes the costs of all fundraising activities, events, non- charitable trading activities, and the sale of donated goods. expenditure on charitable activities includes all cos15 incurred by a charity in undertaking activ¢ties that further its charilablfj aims for the benefit of fts beneficiaries, including those support costs and costs relating to th8 govemance of the charty apportioned lo charitable activtlies. other expenditLJre in¢ludes all expenditure that is neither related lo raisiro fund5 for the Ltsity nor part of its expenditure on charitable activities. All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable lo a single activity are allocated diiectly lo that activity. Shared costs are apwytioned b@en the activltieg they contribute to on a reasonable, justifiable and consislenl basi5. Support costs Support costs are those that assist the work of the charity but do not difftctly represent Gharitable livities and include office costs, governance costs, administrative payroll costs. They are Inrred directly in support of expenditure on the objects of the charity. Where support Costs nnol be direcdy attributed to particular headings they have been allocated to cost of raising fund5 and expenditure on charitable aclNities on a basis conslstenl wlth use of Ihe resources. Operatlng leases Lease payments are recognised as an exFense over the lease term on a straighl-line b88is. The aggr8galè nefit of lease incentNes is recognised as a reduction to expense over the lease term, on a straight4ine basis. Tanglbl• a8s•ts Tangible assets are initially recorded at cost, and subsequently slated al cosl less any umulated depreciation and impaimienl losses. Any tangible assets carried at ievalued amounts are recorded al Ihe falr value at the date of revaluation less any subsequent accumulated depreclatlon and subsequent accumulated impairment losses. An increase in the carrwry amount of an asset as a result of a revaluation, is recognised in other retogni5ed gains and losses, unless it reverses a charge for impaiment that has previously been recognised as expenditure wthin the statement of financial aclivilies. A decrease in the carrying amount of an a5sel as a result of revaluation. is recogniseé in other recognised gains and losses, except lo whioh it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities. 17
Boarbank Hall Notes to the Financial Statements {conllnu8dl Year ended 31 December 2024 A¢¢ounting poll¢le8 (¢ontr'nygdJ Depreclatlon Depreciation is calculated so as lo Yrrite off Ihe cost or valuation of an a$seL less its residual value, over the useful economic lrfe of that asset as follows.. Fre8hold property Fixtures and frttings Motor vehicles Equipment 3% reducing balance 15Vo120% Reducing balance 250h reducing balance 150kn1200A Reducing balance Investments Unlisted equity investments are initially recorded at cost, and subsequenlly measured at fair value. If fair value cannot be rellably measured. assets are measured al cost less impairment. Listed investments are measured al falr value with change3 in fair value being recognised in income or exwdllure. Invostment property Inve8lmenl propety Is initially recorded at COSt, which includes purchase pr and any diredy attributable expendittjre. Investment property is revalued to its fair value at each reporting date and any changes in falr value are recognised in income or expenditure. If a reliable measure of fair value is no longer available for an item of investment propety, it shall bo transferred lo langible assets and treated as such until it Is expected that fair value wll be reliably measurable on an on-going basis. Impalnnent of fixgd assets A review for indulors of impairment is carried out al each reportirsg date, wrth the recoverable amount being eslimaled where such indi¢alors exist. Wh8re the Garrying valu& exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal al each PortIng date. For the purwses of impairment testing, wh8n it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the cOVerable amount of the cash- generating unit to which the asset belongs. The cash%enerating unil is the smallest idenlrfiable group of assets that includes the asset and generates cash inflows that largely independent of the ash irfflows from other assets or groups of assets. For impalrment testlng of gc*)thMlI. the g)odwill acquired in a buslness comblnallon is, from the a¢quisition dale. allocated to each of the cash-generaling units that are expected to benefit from the Synergies of Ihe combination. iffespective of whether other assels or Ilabilities of the charity are assigned to those units. StoGks Slccks consists of goods wrchased for uge wthin the charity. Stocks are valued at cost.
Boarbank Hall Notes to the Flnancial Statements (conllnu8dJ Year ended 31 Do¢emb•r 2024 Accountlng policies f¢ontinu#d) Flnan¢lal instruments A financial asset or a financial liability is reGcwJnised 0Y when the entity becomes a party to the conlraclual provisions of the instrument. Bast financial instruments are Initial recognised at the amount receivable or payable includlng any lated transaction costs. unless the arrangement constitutes a financing transaction, where il is recognised at the present value of the future payments dIsU1ed at a market rale of interest for a similar debt instrument. Current as88ls and current liabilities are subsequently measured al the ca8h or other consideration expected to be paid or received and rw)t discounted. Debt inslnjmenls are subsequently measured at amortised cost. Finanoia assets that a mea5ure(5 al cost or amortlsed cost are revlewed for oblecle evi(ience of impaimient al the en¢y of each rewrting date. If there is objectlve evldence of Impalrment. an impairment loss is recognised under the appropriate heading in the statement of flnancial a1VitieS in which the initial gain was recognised. For all equity instruments regard18ss of signlficance, and other financial 88981$ that are individually significant, these are assessed individually for impairment. Other financial assets are either assgssed individually or grouped on the basls of Similar credll risk ¢haraderists'cs. Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrwng amount of the financial asset that exceeds what the carrwng amount would have been had the impairment not previously been recognised. D•finod Gontrlbutlon plans Contributions lo defined contributlon plans are recognised ss an expense in the perio(J in which the related service is provided. Prepaid contributions are recognised as an asset lo the extent that the prepaymént will lead to a reduction In future payments or 2 cash refund. When Gonlributions are not expected to be sellled wholly withln 12 months of the end of the reporting dale in which the employees render the related servlce. the Ilablllty is measured on a discounted present value basis. The nndIng of th& dlscount Is recognised as an expeme in the p8riod in which il arises. Donatlons and 14aci Unrestricted Funds RestTiCted Total Fund$ Funds 2024 Donatlons Oonations 54,803 30 54,833 L•gaci83 Legacie5 30,646 85,449 30,646 30 85.479 19
Boarbank Hall Notss to the Flnancial Ststements fcontlnued) Year ended 31 December 2024 Donatlons and léga¢ies (contlnu•d) Unreslricled Funds Restricted To181 Funds Funds 2023 Donatlons Donations 210,060 67.080 277.140 Le9acles Legacies 66.540 276.600 67,080 343,680 Charitable activities Unrestricted ToLIl Funds Unrestricted Total Funds Fund5 2024 Funds 2023 Nursing Home Fees for Residential Care Income from Retreats Convalescent Guest Home fees 2.082.628 115.543 1.680 2,082.628 115.543 1,680 1,965,373 ,028 4,960 1.965.373 90.028 4.960 2.199.851 2,199,851 2.060.361 2.060.361 Other tradlng activltles Unrestrlcted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Fundraising events Guest House Fees 1,145 5.930 1.145 5,930 8.695 8.695 7.075 7,075 8.695 8,695 Investment income Unrestricted Funds Restricted Total Funds Funds 2024 Rental income Income from listed investments Bank interest receivable Other intere51 receivable 22,540 22,540 21,693 3,351 21,693 4,965 1,614 47.584 1.614 4g,198 20
Boarbank Hall Notes to the Flnancial Statements fcontlnusdj Year ended 31 December 2024 Invostmenl Income (¢on*nu•d) Unreslricled Funds RoslrKled Total Funds Funds 2023 Rentsl income Income from listed inveslmeni¥ Bank interest receivable Other interest recelvable 28,447 {6,894) 12,257 5.757 28,447 6,894 12,257 5,757 46,461 39.567 6.894 Other income Unrestricted Funds Restricted Total Funds Funds 2024 Sundry income Dividend income 8,258 10,850 8,258 16,275 5.425 19,108 5.425 24,533 Unrestricted Funds Reslricled Total Funds Funds 2023 Sundry income Dividend income 7,238 15,043 22.281 7,238 15.043 22.281 Expondilure on charltabl• activltlgs by fund type Unreslricled Funds Restricted Total Funds Funds 2024 Charitable Activities Support C051s 2,385,574 30,307 8.399 2.393.974 30,3C6 2.415,881 8,399 2,424,280 Unrestricted Funds Reslricled Total Funds Funds 2023 Charitablg Activil Support Costs 2.025.938 35,596 8.400 1.919 2.034,338 37,515 2,071,853 2,[1,534 10,319 21
Boarbank Hall Notes to the Flnanclal Statements iconUnu•dJ Year ended 31 December 2024 10. Expondlturo on charltable actlvltles by actlvlty ty Activities undertaken directly Support costs Totsl funfls 2024 Total fund 2023 Charitable Activities Governance costs 2,393,974 2.393,974 30.306 2,034,338 37.515 30,3C6 2,393,974 30,3C6 2,424,280 2,071.853 11. Govemance cost8 Included in Goveman¢e Costs for the year a costs associated th A¢¢ounlancy and Audit fees £20,619 12023: £21,990), Management fees for inveslmenls £6,542 {2023: £5.758>. Legal fees £7,523 12023.. £7.3561. fOlgft exchange loss £259 12023.. Loss £146) and bank charges £2,631(2023.' £2,266). 12. Other gxpgndlture Unrestrlcted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Loss on dispos81 of tangible red assets held for chariws own use 1 S,514 15,514 40 40 13. Net gains on Investm•nts Unrestricted Funds Restricted Total Funds FurKIs 2024 G8inslll0ssesl on listed investments Gainsll1053e$l on other investment assets 49,882 11,706 61,587 49,882 11,706 61,587 Unrestricted Funds Restricted Total Funds Funds 2023 Gainslllossesl on Ilsted investments Gainslllossesl on other investment assets 58,925 99,69) 5,875 62,800 99,690 162,490 156,615 5,875 22
Boarbank Hall Notes to the Flnancial Statements Innad) Year ended 31 DerAmbor 2024 14. N•t (expenditur•ifincomo Nel (exndItUre)rincom6 is staled after chargin(creditingl. 2024 2023 Depreciation of tsngible fixed assets L05s on disposal of langlble fixed assets Operating lease rentals FOign exchange dlfferences 23,863 15,514 26,595 259 21,810 40 25,391 146 15. Auditors remun•ration The Auditor5 remuneration includes fees for a¢¢ounlancy and audit services of the year end accounts of £10,899 {2023- £12.2701 arKI payToII services of £8,994 (2023.. 9,7201 in the year. 16. Staff costs The total Staff costs and employee benefrts for the porting period are analyBed as follows: 2024 2023 Wage5 and salaries Social security costs Employer contributions to pension plans Other gmployee benefits 1.455.683 115,287 27,670 13.893 1,354,171 98,482 24,833 8,179 1.612.533 1.485,665 The average head count of emFloyee8 during the year was 7912023.. 71). The average number of full-time equivalent employees during the year is analysed as follows: 2024 No. 2023 No. Full Time equiv81ents 50 51 The number of employees whose remuneration for the year fell within the followng bands, were: 2024 2023 No. £60,000 to £69.999 £80,000 10 £89.999 £130,000 10 £139.999 17. Trustee remun•ratlon and expenses During the year, neither truslee re¢eived any remuneration from the charity. 23
Boarbank Hall Notes to the Financlal Statements fcondntsedj Year endgd 31 Decembar 2024 18. Tanglble Ilxod assots Freehokl Fixtures and prorty fittings Motor vehicles Equipment Total Cost Al 1 January 2024 Addrtions Disposals At 31 Docombor 2024 1,668,220 323,055 (25,9681 1.965,307 315,738 53,717 161,481 2.199.136 323.055 125.968) 161,461 2.496,223 315.738 53,717 Depreclatlon Al 1 January 2024 Charge for the year Disposals At 31 Decemb•r 2024 516,153 16,415 110,4531 301.421 3,107 33.637 136.960 4,341 988,171 23,863 (10,453) 141,301 1,001,581 522,115 304.528 33,637 Carryln9 amount At 310ecernbor 2024 1,443,192 11,210 20,080 20,160 1,494,642 24,501 1,210,965 At 31 December 2023 1,152,067 14.317 19. Invostments Investment Olher properties Inve$tmenls Total Cost or valuatlon Ai 1 January 2024 Additions Fair value movements Other movements 1.465,304 39,381 1,387.763 21.118 67,829 (6.2421 1.470.468 2,853,067 eiJ,499 67,829 16,242) 2.975,153 At 31 Decembor 2024 1,504,685 Impalnnent At l January 2024 and 31 Dgcgmber 2024 Carrying amount At 31 December 2024 1.504,685 1,470,468 2,975,153 At 31 Decemb&r 2023 1,465,304 1.387.763 2,853,067 AJI investments shown above are held al valuation. Inve8tment propèrtiès The investment PToperties are included in the accounts at valuallons whlch the Iruslees believe lo be market value. In accordance Yith UK FRS102, no depreciation ig provided on these propertw. Other investsnents consists of are Investment portfolios.
Boarbank Hall Notes to the Flnanclal Statements (¢ontlnuvdl Year ended 31 December 2024 20. Stocks 2024 2023 Raw materials and consumables 2.500 1,700 21. Dobtorn 2024 2023 Trade debtors Prepayments and accrued income Other debtors 81,514 19,115 12,068 112,697 101,337 62,060 12,283 165,680 22. Inveslmonts 2024 2023 Short-temi deposils 496,083 478.641 23. Cash and cash equivalents Cash and cash equivalents comprise th8 following= 2024 2023 Cash al bank and in hand Short-term deposits 551,310 496,083 946.780 478.641 1,047,393 1.425.421 24. Cr•ditors: amounts falllng due wlthln one year 2024 2023 Trade creditors Accnjals and deferred incx)me Social Security and other taxes 45,512 79,789 8,706 17,089 124,200 5,095 134,007 146.384 25. Pènsions and other post retlrement benefjts Defingd cOntriblon plans The amount recognised in IroMe or expenditvre as an expense in Telalion to defined contribution plans was £27,67012023.. £24,833). 25
Boarbank Hall Notes to the Flnanclal Statements {conrinu•dJ Year ended 31 December 2024 26. Analysls of charltable funds Unrestrict funds Al 1 January 202 Gains ond 31 D?Gemb8r losses 2024 Income Expenditure General furKIs Community Fund Prcoerty Irnprovemenls 5.095,483 5D,g13 72,936 2,349,067 (2.391.395) 49,882 5,103.037 50.913 42.936 10.000 140.000} 2,359,067 12,431.3951 5,219,332 49,882 5.196.886 At 1 January 202 At Gains and 31 December losses 2023 Ir¢come Expenditure Geral funds Community Fund Property Improvemgnts 4,632,938 50.913 32.936 2,367,504 (2,061.5741 156.615 5,095,483 50,913 72,936 40,0 2.407.504 12,061,574} 4.716.787 156.615 5,219,332 Rejtriclod furKIs At 1 January 202 Gains and 31 Decernber losses 2024 Ineknme Expendilure Sister Anne post graduate scheme Sister Mary Whelan fund 962 300.531 290,155 291,117 7,069 18,3991 18.3991 11,706 11,706 7,069 301,493 At Gains and 31 De¢ember losses 2023 1 January 202 Income Expenditure Sister Anne post graduate scheme Sister Mary Whelan fund 220,625 221.587 73,974 73,974 110,319) 110.319} 5,875 5,875 290,155 291,117 26
Boarbank Hall Notes to the Financlal Statements Indu•d} Year ended 310ecembgr 2024 27. Analy$is of net a88•ts botwgon funds Unrestricted Funds Restricted Total Fund8 Funds 2024 Tangible fixe(l assets Investments Current assets Creditors less than 1 year Net assets 1,494,642 2.715,875 1.118,317 (134,0061 5.194,828 1.494,642 2,975,153 1,162,589 (134,006} 5,498,378 259,278 44,272 303,550 Unrestricted Funds Restricted Total Funds Funds 2023 Tangible fixed assets Inveslment5 Current assets Creditors less than 1 year Not as80ts 1.210.966 2.614,592 1.540,160 {146,386) 5.219,332 1,210,966 2,853,067 1,592,802 (146,386} 5,510.449 238,475 52,642 291,117 28. Stat•m•n¢ of funds Sister Anne Postgraduate scheme Fund has been set up to fund sludenvs costs coming to Boarbank. This wll be an ongoing fund. Sister Mary Whelan fund has been Set up support her as she lives outside of community. this fund is lo be used for her every day needs and future care. Timing of Expenditure on funds is as required to meet the objectives of the funds. The Community Fund is money pul aside for the sisters in the evenl of emergencies or for a roason such as a Sister requiring specialised care or a sister who leaves the community and r8quires monetary assistanc8. The source is mainly from legacies inherited by the sisters and gainsl payouts of insurancel endowment policies. Property Improvements Fund is money put aside for improving the propety. This fund was set up in 2005. The initial donation came from a legacy left to one of the members of the communlty. As the members of the community are not allowed lo own any property the money was transferred into this fund, and wll be ulilised as and when required. In 2011, funds were ulilised lo make up the shortfall in funds required on the Bethany Refurbishment. In 2024 a donat of £10,000 was received in rdation to final costs for the rwi Ilft a1 has been separated into the designated funds for property improvements. 29. Contlngent IlabS1ft1os There are no conlingenl liabilities. 30. Control rolatlon8hlp8 The charity is controlled by the trustees together with the council of tsvelve sisters. 27
Boarbank Hall Notes to Ihe Flnanclal Statements {conllnu•d) Year ended 31 December 2024 31. Analysis of ¢hang•s in not debt At 1 Jan 2024 Cash flows 31 Dec 2024 Cash at bank and in hand Current asset investments 946.780 478.641 (395.470) 551,310 17,442 496,083 1378,0281 1.047,383 1,425,421 32. Capital commltmonts There were no capital commitments at 31 December 2024 £nil12023 £Nill. 33. Operatlng leas• cornmitments The total future minimum lease payments under non-cancellatle operatlt¥J leases a as follows.. 2024 2023 Not later than 1 year 15.869 28,455 During Ihe year the charity paid £26,594 (2023- £25,391) towards its rental leases. Ethical standards In CAimmon with many other charitie5 of our size and nature we use our auditors lo prepare and submit returns lo the lax aulhoTilies and assist with the preparation of financial statements. 28
Boarbank Hall Management Infornjation Year ended 31 December 2024 Th• foll*)wing pages do not fomi part of the financlal statemonls. 29
Boarbank Hall Dotsiled Statement of Financlal Actlvltles Year ended 31 December 2024 2024 2023 InGomg and endowmgnts Donations and legacies Donations Legacies 54.833 30.646 277,140 66,540 343,680 85.479 Charltable activities Nursing Home Fees for Residential Care Income from Retreats Convalescent Guest Home fees 2,082,628 115,543 1,680 2.199,851 1,965,373 90,028 2.060.361 Other trading actlvltiès Fundraising events Guest House Fees 1,145 5,930 8,695 8,fj95 7.075 Investmont incorne Rental income Bank interest receivable Olh&r interest re¢eivable 22,540 21,693 4,965 49,198 28,447 12,257 5,757 46.461 Other Incorn• Sundry income Dividend income 8,258 16,275 7,238 15,043 24,533 22.281 Total income 2,366.136 2,481.478 30
Boarbank Hall Detalled Statement of Financial Activities (cOnnu0dJ Year ended 31 Decomber 2024 2024 2023 Expondltur• Expendltur• on charltable actlvltle9 Pur¢has8S Wages and salari8S Employels NIC Pension ¢osls Other post-retirement benefits Operating lea$es Rates and water Light and heat Repairs and mainlenance Insurance Motor vehicle expenses Legal and professional fees Telephone Other offi¢e costs Depreciation Other interest payable and similar ¢haTges Foreign exchange gainlloss Oth8r Support Costs Gifts 183,531 1,455,683 115,287 27,670 13,893 26,595 6,7S3 193,185 147,499 52,006 15.364 27.416 15.653 47.519 23,864 2,631 259 63,552 5,920 153.486 1.354.171 98.482 24,833 8,179 25,391 5,665 73,119 88,212 40,878 12,938 35,103 15,885 42,881 21,810 2,266 62,894 5,514 2,424,280 2,071.853 Other expenditure Loss on disp08al of tangible frxed assets held for chariws own use 15.514 Total eXpdItUre 2,439,794 2,071.893 Not gains on Investments Gainslllosses) on listed investments Gains/llosses) on other investment assets 61,587 62,800 99,690 162,490 61.587 Not {expendltureyincom• (12,071) 572,075 31
Boarbank Hall Notes to th• Detalled Statement of Flnanclal Actlvities Year ended 31 December 2024 2024 2023 Expondlture on charitable actlvlties Charitable Activities Actlvities undertaken directty Direct charitable activity 1- purchases Direct Charitable activtty 1- wageslsalaries Direcl charitable activity 1- employerfs NIC Direct charitable activity 1- pension costs Direct charitable activity 1- other employee benefits Direct charjtable activty 1- operating leases Direct charitable 8clivty 1- rates & water Direct charitable aclivty 1- light & heal Direct charitable aclivty 1- repairs & maintenancg Direct charitable aclivty 1- insurance Direct charitable activty 1 - motor vehicle expenses Direct charitable activty 1- telephone Direct charitable activty 1- other office costs Direct charitable activty 1- depreciation Direct charitable activty 1- Other Support Costs Direct charitable activity 1- Grfts 183,531 1,455,683 115,287 27,670 13.893 26.595 6,753 193,185 147,499 153,486 1,354,171 98,482 24,833 8,179 25,391 5,665 73,119 88,212 11 52.006 15.3fj4 15.653 47.519 23.864 63.552 5,920 40,878 12,938 15,885 42,881 21.810 62,894 5,514 2.393,974 2,034,338 Goveman¢• costs Governance costs - accountancy fees Governance costs - audit fees Governance costs- professional fees Governance cosl$- other finance cosls Govemance cosls- foreign exchange gainiloss 8.994 10.899 7.523 2.631 259 9,720 12,270 13,113 2,266 146 30,306 37.515 Expendlturn on charlt8bl• aclivitles 2,424,280 2,071,853 32