Registered Charity Number l(K15962 Nether Wallop Soclal Club Report and Financial Statements Year Ended 30 Sep 2022 Nether Wallop Social Club Report and Financial Statements For the year ended 30 Sep 2022 Contents Page Legal and administrative information Report of the Trustees Independent Examiner Report Statement of financial activities Balance sheet Notes to the financial statements Nether Wallop Social Club Legal and admlnistrative information Year ended 30 Sep 2022 Charity name Nether Wallop Social Club Charity registration number 1005962 Correspondence address Havrthorn Cottage Nether Wallop Stockbridge Hampshire, 5020 8EW Trustees as at 30 Sep 2022 Vlvian Blandford (Chairman) lain James Caroline Laird Rosemary Martin-jones Independent examlner Stephen Todd The Old Forge Nether Wallop Stockbridge S020 8EX Bankers Lloyds Bank plc 22 High Street Andover Hampshire, SPIO INW Unity Trust Bank la/c opened 12 Jul 22) Four Brindley Place Birmingham BI 2JB Nether Wallop Social Club Trustees, Report for the year ended 30 Sep 2022 We are pleased to present our report for the year ended 30 Sep 2022. In accordance with the Charities Act 2011 the accounts have been prepared on a receipts and payments basis. Structure, Governance and Objects The Nether Wallop Social Club was established as a charity by a deed dated IS Oct 1991. The objects of the Charity are wide but can be sumrnarised as the promotion of any charitable purpose which is for the benefit of the inhabitants of Nether Wallop and its neighbourhood. During the reporting year Mr Richard Osmond stood down as Chairman, being replaced by Mr Vivian Blandford. The Treasurer role was transferred formally to Mr lain James. Ms Rosemary Martin-jones became a Trustee on 8 Dec 2021. Mrs Gail Foster resigned as a TrLAStee and Secretary on 4 Sep 22 and was removed as an authorised s18natory on all bank accounts. A new internet based Current Account was opened with Unity Trust Bank. This allows for a more efficient handling of funds, and obviates the need to use cheques for expenditure. All four Trustees are authorised signatories, Wlth Unity Bank system requiring a minimum of two Trustee5 to set up and authorise payments. This is reflected in the Trust Deed and Regulations. It Is intended that the Lloyds cUr￿nt account will be drawn down and closed durin8 the next reportin8 period. Perform•n¢e and Flnan¢lal Revlew The Trustees met formally 7 times durlng the year12 Nov 2021; 2 Dec 2021; 6 Jan 2022,. 4 Feb 2022, 21 Feb 2022- 29 Mar 2022 and 26 Apr 20221- The significant increase in meetings over previous years reflects the acceptance of a substantial donation, the chan8e of Chairman, and the scopin8 and the anticlpated delivery of a major capital project for Nether Wallop Parish Council. Income for the year consisted of interest from investments, money raised through community recycling bin and donations. It should be noted that there was one very large donation early in the period which significantly increased the Charitrfs cash holdings. Half of the donation I£1￿,0￿) was moved into an interest bearing account immediately. The Trustees agreed initially to use around a quarter of this donation as a grant to Nether Wallop Parish Council to cover the costs of new playground and adult exercise facilitie5 in the Village. This expenditure fell just after the end of the reporting period. In view of this significant increase in assets, it was also agreed that in the next financial year the Charity would look to both increase existing donation streams, and actively to seek new projects. These will be reported in the next Financial Year. Further expenditure cornprised the routine funding of "Lifeline" emergency call devices, around two dozen Christmas gifts in the form of hampers to elderly villagers on their own. and an individual grant to support the completion of a bathroom for a disabled young person in Nether Wallop. Four education grants were made to young students. The trustees agreed to offer financial support to the Wallops "Not on Your Own Club" and our current intention is to repeat this support in future years. The large single donation gives the charity an income this period which will require an Independent examination prior to the accounts being submitted to the Charity Commission. Statement of Trustees, Responsibllltles Charity law requires the trustees to prepare financial statements for each financial year, which show a true and fair view of the state of affairs of the charity, and its financial activities for that period. In preparing the financial statements, the trustees are required to: Selett suitable accounting policies that are reasonable and prudent Make judgements and estimates that are reasonable and prudent State whether applicable accounting standards and statements of recommended practice have been followed, subject to any departures disclosed and explained in the financial statements Prepare the financial statements on the going concern basis unless it is inapproprlate to presume that the charity will continue in operation existen Prepare financial statements that show a true and fair view. The trustees are responsible for keepin8 proper accounting records which disclose with reasonable accuraLry at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 1993, the Charity (Accounts and Reportsl Regulations 21J)8 and the provision of the Trust Deed. They are also responsible for safeguarding the assets of the charity and hence for takln8 reasonable steps for the prevention and detection of fraud and other irregularities. Approved by the Trustees and signed on their behalf on lo Vivian Blandford, Chair of the Trustees ## **Independent examiner’s report to the trustees of Nether Wallop Social Club** I report to the trustees on my examination of the accounts of the Nether Wallop Social Club (the Trust) for the year ended 30[th] September 2022. ## **Responsibilities and basis of report** As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’). I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5) of the Act. ## **Independent examiner’s statement** I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or 2. the accounts do not accord with those records. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. ____________________ Stephen Todd ACA (non-practicing member of ICAEW) The Old Forge, The Square, Nether Wallop, Hampshire, SO20 8EX 4[th] July 2023 6 Nether Wallop Social Club Statement of Financial Activities and Balance Sheet For the year ended 30 Sep 2022 Note 2022 2021 Incomln8 resources Donations and 8rants received lincl. Gift Aid) Interest on investments Community recycling income Donations from events Total Incomlng resources 202,025 885 349 2.215 205,474 1,315 1,170 275 2.760 Resources expended Christmas 8ifts and Grants Educational grants lincl. pre School) Lifeline rental costs NWPC Grants Misc. Expenses lincl. Bank Charges) Totsl resources expended 2.065 972 3,505 975 2,416 3,523 480 56 5,509 8,483 Net Incomln81(01rt8oln8) resour¢es 199,%5 (5,7231 Fund 8alances at l Oct 2021 Fund 8al¥n¢es at 30 Sep 2022 82,787 282.752 8alan¢e sheet at 30th September 2022 2021 ASSETS Investment accounts Cash at bank Total Funds IUnre5trirtedl 176.645 106.107 282.752 81.156 1,631 82.787 LIABIUTIES 41,786 NET ASSETS 240,966 82,787 The financial statements were approved by the Trustees on Vivian Blandford. Chair of the Trustees Nether Wallop Social Club Notes to the Accounts For the year ended 30 Sep 2022 l. Accounting Pollcles The principal accounting policies are summari5ed below. The accounting policies have been applied consistently throughout the year. Basis of accotsnting The Trustees have elerted under Section 133 of the Charities Act 2011 to prepare: lal a receipts and payment account, and Ibl a statement of assets and liabilities nstead of a statement of accounts under Section 132111. Consistent with this approach these accounts do not make provision for any accruals. 2. Trustee remunefatlon No trustee received any remuneration durin8 the year. The out80ing Chairman Mr Rlchard Osmond was presented with a book Icost £401 in recognition of hi5 service. 3. Taxatlon The charity is re8lStered for Gift Aid with HM Revenue & Customs under reference number Z001537. 4, Llabllltles 2022 2021 Credltors 41,786 Creditors as at 30, September 2022 comprlse liabilities In respect of commltments made to Nether Wallop Parish Councll. The Charity has no borrowin85. 5. Movement In funds 2022 2021 Unrestrlcted funds: Asat l Oct2021 Incoming resources Outgoing resour￿$ As at 30 Sep 2022 82,787 205.474 88,510 2,760 282 752