REPORT OF THE DIRECTORS AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
FOR
WHITWELL HALL COUNTRY CENTRE LTD
WHITWELL HALL COUNTRY CENTRE LTD
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
| Page | |
|---|---|
| Company Information | 1 |
| Chairman's Report | 2 |
| Report of the Directors | 3 |
| Directors' Responsibilities Statement | 5 |
| Independent Chartered Certified Accountants' Review | |
| Report | 6 |
| Income Statement | 7 |
| Statement of Financial Position | 8 |
| Statement of Changes in Equity | 10 |
| Notes to the Financial Statements | 11 |
| Detailed Income and Expenditure Account | 15 |
WHITWELL HALL COUNTRY CENTRE LTD
COMPANY INFORMATION FOR THE YEAR ENDED 31 DECEMBER 2021
DIRECTORS:
DIRECTORS: Mr J Byer Mr K Cole Ms J Cole Mr R Lake Mr J Webb Mr A K Bond Ms L Mallet REGISTERED OFFICE: Whitwell Hall Reepham Norwich Norfolk NR10 4RE
REGISTERED NUMBER: 00340116 (England and Wales) ACCOUNTANTS: Farnell Clarke Limited Evolution House Delft Way Norwich Airport Norwich Norfolk NR6 6BB
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WHITWELL HALL COUNTRY CENTRE LTD
CHAIRMAN'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2021
The last 11 months at Whitwell have felt far more positive than last year and all staff are to be congratulated on their excellent work in getting Whitwell up and ready after a disastrous few month.
It was a relief to have schools and private bookings back from June 2021 and all Covid safety measures that were put in place have been effective. Finances have been tight but these bookings and the fact that Whitwell has been able to tap into a variety of grants, various pots of money and the extension of our BBLS loan mean that we have survived.
For 2022 the procedures for deposits and payments have been tightened up and bookings from both schools and private groups have been very encouraging.
From the Reepham Community point of view it's been really great to see the Wednesday Lunch Club back in action and also daily Rover trips and support for these has been tremendous. Fund raising has been good especially the stall at Reepham Light Festival. Equipment is still being routinely loaned.
The departure of Matt, the deputy centre manager, was a great blow to Whitwell. He had been a permanent member of staff for 8 years and a great asset with his exceptional enthusiasm. He was fundamental in putting together the ideas for the business plan and his regular updates on social media were good publicity.
The Trustees have tried to meet reasonably regularly on Zoom to discuss various issues and hear how things are going.. Hopefully this must carry on as it is important to continue to help and support the staff over the next few months.
All staff are to be praised for their sterling efforts over the last few months and we look forward with enthusiasm for the rest of 2022.
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WHITWELL HALL COUNTRY CENTRE LTD
REPORT OF THE DIRECTORS FOR THE YEAR ENDED 31 DECEMBER 2021
The directors present their report with the financial statements of the company for the year ended 31 December 2021.
PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of the running of Whitwell Hall Country Centre for boarding and camping for school residentials.
DIRECTORS
The directors shown below have held office during the whole of the period from 1 January 2021 to the date of this report.
Mr J Byer Mr K Cole Ms J Cole Mr R Lake Mr J Webb Mr A K Bond
Other changes in directors holding office are as follows:
Ms L Mallet was appointed as a director after 31 December 2021 but prior to the date of this report.
Mr H Unwin ceased to be a director after 31 December 2021 but prior to the date of this report.
STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Annual Report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the surplus or deficit of the company for that period. In preparing these financial statements, the directors are required to:
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select suitable accounting policies and then apply them consistently;
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make judgements and accounting estimates that are reasonable and prudent;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
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WHITWELL HALL COUNTRY CENTRE LTD
REPORT OF THE DIRECTORS FOR THE YEAR ENDED 31 DECEMBER 2021
This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.
ON BEHALF OF THE BOARD:
Ms J Cole - Director
30 September 2022
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DIRECTORS' RESPONSIBILITIES STATEMENT ON THE UNAUDITED FINANCIAL STATEMENTS OF WHITWELL HALL COUNTRY CENTRE LTD
We confirm that as directors we have met our duty in accordance with the Companies Act 2006 to:
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ensure that the company has kept proper accounting records;
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prepare financial statements which give a true and fair view of the state of affairs of the company as at 31 December 2021 and of its deficit for that period in accordance with United Kingdom Generally Accepted Accounting Practice; and
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follow the applicable accounting policies, subject to any material departures disclosed and explained in the notes to the financial statements.
ON BEHALF OF THE BOARD:
Ms J Cole - Director
30 September 2022
This page does not form part of the statutory financial statements
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INDEPENDENT CHARTERED CERTIFIED ACCOUNTANTS' REVIEW REPORT TO THE DIRECTORS OF WHITWELL HALL COUNTRY CENTRE LTD
We have reviewed the financial statements of Whitwell Hall Country Centre Ltd for the year ended 31 December 2021, which comprise the Income Statement, Statement of Financial Position, Statement of Changes in Equity and the related notes 1 to 12. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
This report is made solely to the company's directors, as a body, in accordance with our terms of engagement. Our review has been undertaken so that we might state to the directors those matters that we have agreed with them in our engagement letter and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's directors as a body for our work, for this report or the conclusions we have formed.
Directors' responsibility for the financial statements
As explained more fully in the Directors' Responsibilities Statement set out on page five, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view.
Accountants' responsibility
Our responsibility is to express a conclusion based on our review of the financial statements. We conducted our review in accordance with International Standard on Review Engagements (ISRE) 2400 (Revised), 'Engagements to review historical financial statements' and ICAEW Technical Release TECH 09/13AAF 'Assurance review engagements on historical financial statements'. ISRE 2400 also requires us to comply with the ICAEW Code of Ethics.
Scope of the assurance review
A review of financial statements in accordance with ISRE 2400 (Revised) is a limited assurance engagement. We have performed additional procedures to those required under a compilation engagement. These primarily consist of making enquiries of management and others within the entity, as appropriate, applying analytical procedures and evaluating the evidence obtained. The procedures performed in a review are substantially less than those performed in an audit conducted in accordance with International Standards on Auditing (UK and Ireland). Accordingly, we do not express an audit opinion on these financial statements.
Conclusion
Based on our review, nothing has come to our attention that causes us to believe that the financial statements have not been prepared:
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so as to give a true and fair view of the state of the company's affairs as at 31 December 2021 and of its deficit for the year then ended;
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in accordance with United Kingdom Generally Accepted Accounting Practice; and
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in accordance with the requirements of the Companies Act 2006.
Farnell Clarke Limited Evolution House Delft Way Norwich Airport Norwich Norfolk NR6 6BB
Date: .............................................
This page does not form part of the statutory financial statements
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WHITWELL HALL COUNTRY CENTRE LTD
INCOME STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2021
| Notes REVENUE Cost of sales GROSS SURPLUS/(DEFICIT) Administrative expenses Other operating income OPERATING DEFICIT 4 Interest receivable and similar income Interest payable and similar expenses DEFICIT BEFORE TAXATION Tax on deficit 5 DEFICIT FOR THE FINANCIAL YEAR |
2021 £ 121,749 110,576 11,173 50,438 (39,265) 27,130 (12,135) 13 (12,122) 1,293 (13,415) - (13,415) |
2020 £ 25,224 57,102 (31,878) 63,489 (95,367) 64,603 (30,764) 27 (30,737) 553 (31,290) - (31,290) |
|---|---|---|
The notes form part of these financial statements
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WHITWELL HALL COUNTRY CENTRE LTD (REGISTERED NUMBER: 00340116)
STATEMENT OF FINANCIAL POSITION 31 DECEMBER 2021
| Notes FIXED ASSETS Property, plant and equipment 6 CURRENT ASSETS Inventories Debtors 7 Cash at bank and in hand CREDITORS Amounts falling due within one year 8 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES CREDITORS Amounts falling due after more than one year 9 NET ASSETS RESERVES Income and expenditure account MEMBERS' FUNDS |
2021 £ 300 6,304 46,364 52,968 26,389 |
£ 110,900 26,579 137,479 31,524 105,955 105,955 105,955 |
2020 £ 300 7,682 54,177 62,159 15,643 |
£ 111,856 46,516 158,372 39,002 119,370 119,370 119,370 |
|---|---|---|---|---|
The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for:
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(a) ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
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(b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.
The notes form part of these financial statements
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WHITWELL HALL COUNTRY CENTRE LTD (REGISTERED NUMBER: 00340116)
STATEMENT OF FINANCIAL POSITION - continued 31 DECEMBER 2021
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2022 and were signed on its behalf by:
Ms J Cole - Director
The notes form part of these financial statements
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WHITWELL HALL COUNTRY CENTRE LTD
STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 31 DECEMBER 2021
| Balance at 1 January 2020 Changes in equity Total comprehensive income Balance at 31 December 2020 Changes in equity Total comprehensive income Balance at 31 December 2021 |
Retained earnings £ 150,660 (31,290) 119,370 (13,415) 105,955 |
Total equity £ 150,660 (31,290) 119,370 (13,415) 105,955 |
|---|---|---|
The notes form part of these financial statements
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WHITWELL HALL COUNTRY CENTRE LTD
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
1. STATUTORY INFORMATION
Whitwell Hall Country Centre Ltd is a private company, limited by guarantee, registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2. ACCOUNTING POLICIES
Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - Assets not subject to depreciation Improvements to property - 10% on cost Plant and machinery - 25% on cost Fixtures and fittings - 15% on reducing balance Motor vehicles - 25% on reducing balance
Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current or deferred taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.
Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.
The interest element of these obligations is charged to surplus or deficit over the relevant period. The capital element of the future payments is treated as a liability.
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.
3. EMPLOYEES AND DIRECTORS
The average number of employees during the year was 5 (2020 - 4).
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WHITWELL HALL COUNTRY CENTRE LTD
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021
4. OPERATING DEFICIT
The operating deficit is stated after charging:
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Depreciation - owned assets | 2,913 | 1,586 |
| Depreciation - assets on hire purchase contracts | - | 1,617 |
5. TAXATION
Analysis of the tax charge
No liability to UK corporation tax arose for the year ended 31 December 2021 nor for the year ended 31 December 2020.
6. PROPERTY, PLANT AND EQUIPMENT
| COST At 1 January 2021 Additions At 31 December 2021 DEPRECIATION At 1 January 2021 Charge for year At 31 December 2021 NET BOOK VALUE At 31 December 2021 At 31 December 2020 |
Improvements Freehold to property property £ £ 100,440 46,928 - - 100,440 46,928 - 43,571 - 998 - 44,569 100,440 2,359 100,440 3,357 |
Plant and machinery £ 7,349 407 7,756 5,679 309 5,988 1,768 1,670 |
|---|---|---|
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WHITWELL HALL COUNTRY CENTRE LTD
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021
6. PROPERTY, PLANT AND EQUIPMENT - continued
| Fixtures | |||||
|---|---|---|---|---|---|
| and | Motor | ||||
| fittings | vehicles | Totals | |||
| £ | £ | £ | |||
| COST | |||||
| At 1 January 2021 | 20,403 | 10,845 | 185,965 | ||
| Additions | 1,550 | - | 1,957 | ||
| At 31 December 2021 | 21,953 | 10,845 | 187,922 | ||
| DEPRECIATION | |||||
| At 1 January 2021 | 19,144 | 5,715 | 74,109 | ||
| Charge for year | 324 | 1,282 | 2,913 | ||
| At 31 December 2021 | 19,468 | 6,997 | 77,022 | ||
| NET BOOK VALUE | |||||
| At 31 December 2021 | 2,485 | 3,848 | 110,900 | ||
| At 31 December 2020 | 1,259 | 5,130 | 111,856 | ||
| Fixed assets, included in the above, which are held under hire | purchase contracts are as | follows: | |||
| COST | Motor vehicles £ |
||||
| At 1 January 2021 | 10,345 | ||||
| Transfer to ownership | (10,345) | ||||
| At 31 December 2021 | - | ||||
| DEPRECIATION | |||||
| At 1 January 2021 | 5,496 | ||||
| Transfer to ownership | (5,496) | ||||
| At 31 December 2021 | - | ||||
| NET BOOK VALUE | |||||
| At 31 December 2021 | - | ||||
| At 31 December 2020 | 4,849 | ||||
| 7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||
| Trade debtors | 2021 £ 668 |
2020 £ 66 |
|||
| PAYE debtor | - | 287 | |||
| VAT | - | 439 | |||
| Prepayments and accrued income | 5,636 | 6,890 | |||
| 6,304 | 7,682 | ||||
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WHITWELL HALL COUNTRY CENTRE LTD
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021
8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Bank loans and overdrafts Hire purchase contracts Trade creditors VAT Other creditors Accruals and deferred income 9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR Bank loans - 1-2 years Bank loans - 2-5 years Bank loans more 5 yr by instal Amounts falling due in more than five years: Repayable by instalments Bank loans more 5 yr by instal |
2021 £ 8,211 - 5,667 7,335 4,257 919 26,389 2021 £ 8,211 23,313 - 31,524 - |
2020 £ 2,053 904 10,293 - 1,476 917 15,643 2020 £ 8,211 24,633 6,158 39,002 6,158 |
|---|---|---|
10. ULTIMATE CONTROLLING PARTY
There is no ultimate controlling party.
11. LIMITED BY GUARANTEE
Whitwell Hall Country Centre Ltd is a registered charity which is limited by guarantee. Charity Number: 311119
12. REMUNERATION
No employees have total benefits over £60k for this charity.
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WHITWELL HALL COUNTRY CENTRE LTD
DETAILED INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2021
| Turnover Camp full package Camp self catering Hall full package Hall self catering Day visit Rental income Donations and grants received House full package House self catering Cost of sales Opening stock Purchases Activity expenses Wages Social security Pensions Closing stock GROSS SURPLUS/(DEFICIT) Other income Government grants Deposit account interest HMRC interest Expenditure Pensions Rates and water Insurance Light and heat Wages Office expenses Telephone Post and stationery Motor expenses Petrol or diesel Repairs and renewals Household and cleaning Waste disposal Staff training Casual wages Carried forward |
2021 £ 23,797 19,140 - 1,476 5,649 11,400 5,067 23,276 31,944 300 - 10,506 91,314 5,995 2,761 110,876 (300) 27,130 5 8 - 646 6,089 6,386 - 24 717 220 4,564 555 13,648 990 2,312 316 2,892 39,359 |
£ 121,749 110,576 11,173 27,143 38,316 38,316 |
2020 £ 482 7,794 3,010 1,938 603 10,050 1,347 - - 300 1,226 74 52,757 1,468 1,577 57,402 (300) 64,603 27 - 695 980 6,278 3,620 23,164 - 783 318 6,370 590 8,731 355 1,581 670 30 54,165 |
£ 25,224 57,102 (31,878) 64,630 32,752 32,752 |
|---|---|---|---|---|
This page does not form part of the statutory financial statements
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WHITWELL HALL COUNTRY CENTRE LTD
DETAILED INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2021
| Brought forward Health and safety Computer costs Subscriptions Accountancy Professional fees Depreciation of tangible fixed assets Entertainment Bad debts Finance costs Bank loan interest Hire purchase NET DEFICIT |
2021 £ 39,359 1,630 3,029 264 2,132 712 2,913 399 - 1,276 17 |
£ 38,316 50,438 (12,122) 1,293 (13,415) |
2020 £ 54,165 761 1,825 179 2,004 238 3,203 114 1,000 342 211 |
£ 32,752 63,489 (30,737) 553 (31,290) |
|---|---|---|---|---|
This page does not form part of the statutory financial statements
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