2024-01-31-accounts - Martlesham Community Hall

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Martlesham Community Hall Management Committee Chairmans Annual report to the Charity Commission Year 2023/2024

Our bookings returned to a good level overall in 2023/24, although the (more lucrative) weekend party bookings are generally lower than before the COVID-19 pandemic. Nevertheless, we have a good number of repeat occasional bookings and regular bookings. People have commented on the overall attractive package that we offer, our flexibility and helpfulness. We have a high review rating on Google Business Reviews - 4.5 out of 5 stars currently.

We still face revenue and funding challenges. Our financial reserves have dropped again during the year due to increased overheads, even following our 15% increase in hire charges last April. Our cleaning contract charges have increased in line with the minimum wage increase. Our electricity charges remain relatively high, though hopefully these will moderate. All this is affecting our ability and desire to tackle any significant refurbishment and development. We will be making a small increase to the hire charges by 5% in October 2024.

We need to:

⁃ keep a minimum reserve against unexpected expenditure.
⁃ make sure the organisation remains sustainable and viable
⁃ continue to offer affordable community hire spaces, our prime objective

The main ways for us to achieve financial stability and ideally growth are:

⁃ raising hire charges
⁃ raising occupancy
⁃ reducing overheads
⁃ extra funding (i.e. non hire revenue)

There are limits to hire charge increases possible, to remain ‘affordable’ and keep our rates comparable to other local community facilities. Indeed, if we are to raise occupancy to make us more profitable, it is important to have competitive hire charges.

We’ve saved around £2000 by doing our own annual ‘deep cleans’, rather than useing our cleaning contractor. The committee have recently changed our cleaning contractor to deliver a better cleaning standard at a reduced cost.

Extra funding will come either from internal fund-raising activities or from external gifts or grants. We began running quarterly quizzes in November 2023, to raise extra funds and to promote the Hall and its facilities to a wider community audience. The first two quizzes were very well received. They were fully booked within 10 -14 days of opening the bookings. The quizzes should deliver at least £500 per event (£2000 pa) for our funds.

We have good facilities and repution,with the potential for an excellent year ahead of us

Ian Read Martlesham Community Hall Management Committee. July 2024

REGISTERED CHARITY NUMBER: 1009602

`Report of the Trustees and`

Unaudited Financial Statements
for the Year Ended 31 January 2024

for

Martlesham Community Hall

Knights Lowe Ltd
Chartered Accountants

Crane Court
302 London Road
Ipswich
Suffolk
IP2 0AJ

Martlesham Community Hall

Contents of the Financial Statements
for the Year Ended 31 January 2024

	`Page`
`Report of the Trustees`	`1`
`Independent Examiner's Report`	`2`
`Statement of Financial Activities`	`3`
`Statement of Financial Position`	`4`
`Notes to the Financial Statements`	`5 to 9`
`Detailed Statement of Financial Activities`	`10`

Martlesham Community Hall

`Report of the Trustees for the Year Ended 31 January 2024`

The trusteespresenttheirreportwith the financialstatementsof the charityfor the year ended31 January2024. The
trusteeshaveadoptedthe provisionsof AccountingandReportingby Charities:Statementof Recommended Practice
applicableto charitiespreparingtheiraccountsin accordancewiththe FinancialReportingStandardapplicablein the
UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

`OBJECTIVES AND ACTIVITIES`

`Objectives and aims`

ACommunityHallforthebenefitofinhabitantsoftheparishofMartleshaminthecountyofSuffolk, without
distinctionof political,religiousor other opinions.Includinguse for meetings,lecturesand classes and for other forms
of recreation and leisure time occupations with the object of improving the conditions of life for the said inhabitants.

`STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document`

The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.

`REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number`

`Principal address`

9 York Road
Martlesham Heath
Ipswich
Suffolk
IP5 3TL

`Trustees`

Mrs J M Burrows
Mrs S Lisette
M P Shakespeare
DWA Embery
Mrs B M Gibbs
M L Cook
I M Read

`Independent Examiner`

Marc Howes FCA FCCA
Knights Lowe Ltd
Chartered Accountants
Crane Court
302 London Road
Ipswich
Suffolk
IP2 0AJ

Approved by order of the board of trustees on 21 March 2024 and signed on its behalf by:

DWA Embery - Trustee

Page 1

`Independent Examiner's Report to the Trustees of Martlesham Community Hall`

`Independent examiner's report to the trustees of Martlesham Community Hall`

I reportto thecharitytrusteesonmy examinationof theaccountsof MartleshamCommunityHall(theTrust)for the
year ended 31 January 2024.

`Responsibilities and basis of report`

AsthecharitytrusteesoftheTrustyouareresponsibleforthepreparationoftheaccountsinaccordancewith the
requirements of the Charities Act 2011 ('the Act').

I reportin respectof my examinationof the Trust'saccountscarriedoutunderSection145 of the Act andin carrying
out my examinationI have followedall applicableDirectionsgiven by the CharityCommissionunderSection 145(5)(b)
of the Act.

`Independent examiner's statement`

I havecompletedmyexamination.I confirmthatnomaterialmattershavecometomyattentioninconnection 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; or

3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.

Ihavenoconcernsandhavecomeacrossnoothermattersinconnectionwiththeexaminationtowhich attention
should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Marc Howes FCA FCCA

The Institute of Chartered Accountants in England and Wales

Knights Lowe Ltd
Chartered Accountants
Crane Court
302 London Road
Ipswich
Suffolk
IP2 0AJ

27 March 2024

Page 2

Martlesham Community Hall

`Statement of Financial Activities`

`for the Year Ended 31 January 2024`

`Unrestricted` `Restricted` `fund` `fund` `Notes` `£` `£` `INCOME AND ENDOWMENTS FROM` `Donations and legacies` `30` `-` `Charitable activities` `Hall hire` `270` `(401)` `Other trading activities` `2` `44,619` `(1)` `Investment income` `3` `320` `-` `Total` `45,239` `(402)` `EXPENDITURE ON` `Charitable activities` `Hall hire` `50,101` `800` `NET INCOME/(EXPENDITURE)` `(4,862)` `(1,202)` `RECONCILIATION OF FUNDS` `Total funds brought forward` `25,916` `1,202` `TOTAL FUNDS CARRIED FORWARD` `21,054` `-`	`2024` `Total` `funds` `£` `30` `(131)` `44,618` `320` `44,837` `50,901` `(6,064)` `27,118` `21,054`	`2023` `Total` `funds` `£` `-` `2,667` `38,224` `85` `40,976` `49,530` `(8,554)` `35,672` `27,118`

The notes form part of these financial statements

Page 3

`Martlesham Community Hall`

`Statement of Financial Position`

`31 January 2024`

`Unrestricted` `Restricted` `fund` `fund` `Notes` `£` `£` `CURRENT ASSETS` `Stocks` `6` `91` `-` `Debtors` `7` `80` `-` `Cash at bank` `21,864` `-` `22,035` `-` `CREDITORS` `Amounts falling due within one year` `8` `(981)` `-` `NET CURRENT ASSETS` `21,054` `-` `TOTAL ASSETS LESS CURRENT LIABILITIES` `21,054` `-` `NET ASSETS` `21,054` `-` `FUNDS` `9` `Unrestricted funds` `Restricted funds` `TOTAL FUNDS`	`2024` `Total` `funds` `£` `91` `80` `21,864` `22,035` `(981)` `21,054` `21,054` `21,054` `21,054` `-` `21,054`	`2023` `Total` `funds` `£` `-` `125` `28,958` `29,083` `(1,965)` `27,118` `27,118` `27,118` `25,916` `1,202` `27,118`

ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissueon21March2024 and
were signed on its behalf by:

DWA Embery - Trustee

The notes form part of these financial statements

Page 4

Martlesham Community Hall

`Notes to the Financial Statements for the Year Ended 31 January 2024`

`1. ACCOUNTING POLICIES`

`Basis of preparing the financial statements`

Thefinancialstatementsof thecharity,whichis a publicbenefitentityunderFRS 102,havebeenprepared in
accordancewiththeCharitiesSORP(FRS102)'AccountingandReportingbyCharities:Statement of
RecommendedPracticeapplicabletocharitiespreparingtheiraccountsinaccordancewiththe Financial
ReportingStandardapplicablein the UK and Republicof Ireland(FRS 102) (effective1 January2019)', Financial
ReportingStandard102 'The FinancialReportingStandardapplicablein the UK and Republicof Ireland'and the
Charities Act 2011. The financial statements have been prepared under the historical cost convention.

`Income`

All incomeis recognisedin the Statementof FinancialActivitiesoncethe charityhasentitlementto the funds,
it is probable that the income will be received and the amount can be measured reliably.

`Expenditure`

Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructiveobligationcommitting the
charitytothatexpenditure,itisprobablethatatransferofeconomicbenefitswillberequiredin settlement
andtheamountof theobligationcanbe measuredreliably.Expenditureis accountedforonanaccruals basis
andhas been classifiedunderheadingsthataggregateall costrelatedto the category.Wherecostscannot be
directlyattributedtoparticularheadingstheyhavebeenallocatedtoactivitiesonabasisconsistentwith the
use of resources.

`Stocks`

Stocksarevaluedatthelowerofcostandnetrealisablevalue,aftermakingdueallowanceforobsolete and
slow moving items.

`Taxation`

The charity is exempt from tax on its charitable activities.

`Fund accounting`

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsofthe charity.
Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Furtherexplanationofthenatureandpurposeofeachfundisincludedinthenotestothe financial
statements.

`Financial instruments`

Thecharityonlyentersintobasicfinancialinstrumentstransactionsthatresultintherecognitionof financial
assets and liabilities like trade and other accounts receivable and payable and loans with related parties.

Debtinstrumentsthatarepayableorreceivablewithinoneyear,suchastradepayablesorreceivables, are
measuredattheundiscountedamountofthecashorotherconsiderationexpectedtobepaidor received.
Debt instrumentsthatare repayableor receivableafter one year are initiallymeasuredat the presentvalue of
the future cash flows and subsequently at amortised cost using the effective interest method.

Financialassets that are measuredat cost and amortisedcost are assessed at the end of each financialyear for
evidenceofimpairment.Ifobjectiveevidenceofimpairmentisfoundanimpairmentlossisrecognisedin the
Income Statement.

continued...

Page 5

Martlesham Community Hall

`Notes to the Financial Statements - continued`

`for the Year Ended 31 January 2024`

`2. OTHER TRADING ACTIVITIES`

`Fundraising events` `Hall hire` `INVESTMENT INCOME` `Deposit account interest`	`2024` `£` `507` `44,111` `44,618` `2024` `£` `320`	`2023` `£` `-` `38,224`
		`38,224`
		`2023` `£` `85`

`3. INVESTMENT INCOME`

`4. TRUSTEES' REMUNERATION AND BENEFITS`

Therewerenotrustees'remunerationorotherbenefitsfortheyearended31January2024norforthe year
ended 31 January 2023.

`Trustees' expenses`

Therewerenotrustees'expensespaidfortheyearended31January2024norfortheyear ended
31 January 2023.

`5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES`

Unrestricted
Restricted
fund
fund
£
£
INCOME AND ENDOWMENTS FROM
Charitable activities
Hall hire
2,667
-
Other trading activities
38,224
-
Investment income
85
-
Total
40,976
-
EXPENDITURE ON
Charitable activities
Hall hire
46,296
3,234
NET INCOME/(EXPENDITURE)
(5,320)
(3,234)
RECONCILIATION OF FUNDS
Total funds brought forward
31,236
4,436
TOTAL FUNDS CARRIED FORWARD
25,916
1,202 Total
funds
£
2,667
38,224
85
40,976
49,530
(8,554)
35,672
27,118

continued...

Page 6

Martlesham Community Hall

`Notes to the Financial Statements - continued`

`for the Year Ended 31 January 2024`

`6.`	`STOCKS`
			`2024`	`2023`
			`£`	`£`
	`Stocks`		`91`		`-`
`7.`	`DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`
			`2024`	`2023`
			`£`	`£`
	`Other debtors`		`80`	`125`
`8.`	`CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`
			`2024`	`2023`
			`£`	`£`
	`Other creditors`		`981`	`1,965`
`9.`	`MOVEMENT IN FUNDS`
			`Net`
			`movement`	`At`
		`At 1.2.23`	`in funds`	`31.1.24`
		`£`	`£`	`£`
	`Unrestricted funds`
	`General fund`	`25,916`	`(4,862)`	`21,054`
	`Restricted funds`
	`Projector and PA Systems`	`1,202`	`(1,202)`		`-`
	`TOTAL FUNDS`	`27,118`	`(6,064)`	`21,054`
	`Net movement in funds, included in the above are as follows:`
		`Incoming`	`Resources`	`Movement`
		`resources`	`expended`	`in funds`
		`£`	`£`	`£`
	`Unrestricted funds`
	`General fund`	`45,239`	`(50,101)`	`(4,862)`
	`Restricted funds`
	`Projector and PA Systems`	`(402)`	`(800)`	`(1,202)`
	`TOTAL FUNDS`	`44,837`	`(50,901)`	`(6,064)`

continued...

Page 7

Martlesham Community Hall

`Notes to the Financial Statements - continued`

`for the Year Ended 31 January 2024`

`9. MOVEMENT IN FUNDS - continued`

`Comparatives for movement in funds`

		`Net`
		`movement`	`At`
	`At 1.2.22`	`in funds`	`31.1.23`
	`£`	`£`	`£`
`Unrestricted funds`
`General fund`	`31,236`	`(5,320)`	`25,916`
`Restricted funds`
`Projector and PA Systems`	`4,436`	`(3,234)`	`1,202`
`TOTAL FUNDS`	`35,672`	`(8,554)`	`27,118`

Comparative net movement in funds, included in the above are as follows:

	`Incoming`	`Resources`	`Movement`
	`resources`	`expended`	`in funds`
	`£`	`£`	`£`
`Unrestricted funds`
`General fund`	`40,976`	`(46,296)`	`(5,320)`
`Restricted funds`
`Projector and PA Systems`	`-`	`(3,234)`	`(3,234)`
`TOTAL FUNDS`	`40,976`	`(49,530)`	`(8,554)`
`A current year 12 months and prior year 12 months combined position is as follows:`

		`Net`
		`movement`	`At`
	`At 1.2.22`	`in funds`	`31.1.24`
	`£`	`£`	`£`
`Unrestricted funds`
`General fund`	`31,236`	`(10,182)`	`21,054`
`Restricted funds`
`Projector and PA Systems`	`4,436`	`(4,436)`	`-`
`TOTAL FUNDS`	`35,672`	`(14,618)`	`21,054`

continued...

Page 8

Martlesham Community Hall

`Notes to the Financial Statements - continued`

`for the Year Ended 31 January 2024`

`9. MOVEMENT IN FUNDS - continued`

A currentyear12monthsandprioryear12monthscombinednetmovementinfunds,includedinthe above
are as follows:

	`Incoming`	`Resources`	`Movement`
	`resources`	`expended`	`in funds`
	`£`	`£`	`£`
`Unrestricted funds`
`General fund`	`86,215`	`(96,397)`	`(10,182)`
`Restricted funds`
`Projector and PA Systems`	`(402)`	`(4,034)`	`(4,436)`
`TOTAL FUNDS`	`85,813`	`(100,431)`	`(14,618)`

`10. RELATED PARTY DISCLOSURES`

There were no related party transactions for the year ended 31 January 2024.

Page 9

Martlesham Community Hall

`Detailed Statement of Financial Activities`

`for the Year Ended 31 January 2024`

	`2024`	`2023`
	`£`	`£`
`INCOME AND ENDOWMENTS`
`Donations and legacies`
`Donations`	`30`	`-`
`Other trading activities`
`Fundraising events`	`507`	`-`
`Hall hire`	`44,111`	`38,224`
	`44,618`	`38,224`
`Investment income`
`Deposit account interest`	`320`	`85`
`Charitable activities`
`Grants`	`(131)`	`2,667`
`Total incoming resources`	`44,837`	`40,976`
`EXPENDITURE`
`Charitable activities`
`Rates and water`	`2,209`	`1,277`
`Insurance`	`1,420`	`1,344`
`Light and heat`	`11,530`	`7,520`
`Telephone`	`795`	`633`
`Postage and stationery`	`23`	`43`
`Sundries`	`319`	`278`
`Cleaning contractors`	`28,341`	`24,406`
`Maintenance and repairs`	`227`	`3,236`
`Window cleaning`	`125`	`150`
`Refuse collection`	`313`	`295`
`Licences and PRS`	`477`	`-`
`Secretarial and booking exps`	`1,500`	`1,500`
`Accountancy`	`444`	`420`
`Fire safety`	`210`	`210`
`Electrical testing`	`1,771`	`1,314`
`Bank charges`	`61`	`78`
`Building works`	`1,029`	`1,821`
`Equipment`	`107`	`5,005`
	`50,901`	`49,530`
`Total resources expended`	`50,901`	`49,530`
`Net expenditure`	`(6,064)`	`(8,554)`

This page does not form part of the statutory financial statements

Page 10

REGISTERED CHARITY NUMBER: 1009602

`Report of the Trustees and`

Unaudited Financial Statements
for the Year Ended 31 January 2024

for

Martlesham Community Hall

Knights Lowe Ltd
Chartered Accountants

Crane Court
302 London Road
Ipswich
Suffolk
IP2 0AJ

Martlesham Community Hall

Contents of the Financial Statements
for the Year Ended 31 January 2024

	`Page`
`Report of the Trustees`	`1`
`Independent Examiner's Report`	`2`
`Statement of Financial Activities`	`3`
`Statement of Financial Position`	`4`
`Notes to the Financial Statements`	`5 to 9`
`Detailed Statement of Financial Activities`	`10`

Martlesham Community Hall

`Report of the Trustees for the Year Ended 31 January 2024`

The trusteespresenttheirreportwith the financialstatementsof the charityfor the year ended31 January2024. The
trusteeshaveadoptedthe provisionsof AccountingandReportingby Charities:Statementof Recommended Practice
applicableto charitiespreparingtheiraccountsin accordancewiththe FinancialReportingStandardapplicablein the
UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

`OBJECTIVES AND ACTIVITIES`

`Objectives and aims`

ACommunityHallforthebenefitofinhabitantsoftheparishofMartleshaminthecountyofSuffolk, without
distinctionof political,religiousor other opinions.Includinguse for meetings,lecturesand classes and for other forms
of recreation and leisure time occupations with the object of improving the conditions of life for the said inhabitants.

`STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document`

The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.

`REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number`

`Principal address`

9 York Road
Martlesham Heath
Ipswich
Suffolk
IP5 3TL

`Trustees`

Mrs J M Burrows
Mrs S Lisette
M P Shakespeare
DWA Embery
Mrs B M Gibbs
M L Cook
I M Read

`Independent Examiner`

Marc Howes FCA FCCA
Knights Lowe Ltd
Chartered Accountants
Crane Court
302 London Road
Ipswich
Suffolk
IP2 0AJ

Approved by order of the board of trustees on 21 March 2024 and signed on its behalf by:

DWA Embery - Trustee

Page 1

`Independent Examiner's Report to the Trustees of Martlesham Community Hall`

`Independent examiner's report to the trustees of Martlesham Community Hall`

I reportto thecharitytrusteesonmy examinationof theaccountsof MartleshamCommunityHall(theTrust)for the
year ended 31 January 2024.

`Responsibilities and basis of report`

AsthecharitytrusteesoftheTrustyouareresponsibleforthepreparationoftheaccountsinaccordancewith the
requirements of the Charities Act 2011 ('the Act').

I reportin respectof my examinationof the Trust'saccountscarriedoutunderSection145 of the Act andin carrying
out my examinationI have followedall applicableDirectionsgiven by the CharityCommissionunderSection 145(5)(b)
of the Act.

`Independent examiner's statement`

I havecompletedmyexamination.I confirmthatnomaterialmattershavecometomyattentioninconnection 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; or

Ihavenoconcernsandhavecomeacrossnoothermattersinconnectionwiththeexaminationtowhich attention
should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Marc Howes FCA FCCA

The Institute of Chartered Accountants in England and Wales

Knights Lowe Ltd
Chartered Accountants
Crane Court
302 London Road
Ipswich
Suffolk
IP2 0AJ

27 March 2024

Page 2

Martlesham Community Hall

`Statement of Financial Activities`

`for the Year Ended 31 January 2024`

`Unrestricted` `Restricted` `fund` `fund` `Notes` `£` `£` `INCOME AND ENDOWMENTS FROM` `Donations and legacies` `30` `-` `Charitable activities` `Hall hire` `270` `(401)` `Other trading activities` `2` `44,619` `(1)` `Investment income` `3` `320` `-` `Total` `45,239` `(402)` `EXPENDITURE ON` `Charitable activities` `Hall hire` `50,101` `800` `NET INCOME/(EXPENDITURE)` `(4,862)` `(1,202)` `RECONCILIATION OF FUNDS` `Total funds brought forward` `25,916` `1,202` `TOTAL FUNDS CARRIED FORWARD` `21,054` `-`	`2024` `Total` `funds` `£` `30` `(131)` `44,618` `320` `44,837` `50,901` `(6,064)` `27,118` `21,054`	`2023` `Total` `funds` `£` `-` `2,667` `38,224` `85` `40,976` `49,530` `(8,554)` `35,672` `27,118`

The notes form part of these financial statements

Page 3

`Martlesham Community Hall`

`Statement of Financial Position`

`31 January 2024`

`Unrestricted` `Restricted` `fund` `fund` `Notes` `£` `£` `CURRENT ASSETS` `Stocks` `6` `91` `-` `Debtors` `7` `80` `-` `Cash at bank` `21,864` `-` `22,035` `-` `CREDITORS` `Amounts falling due within one year` `8` `(981)` `-` `NET CURRENT ASSETS` `21,054` `-` `TOTAL ASSETS LESS CURRENT LIABILITIES` `21,054` `-` `NET ASSETS` `21,054` `-` `FUNDS` `9` `Unrestricted funds` `Restricted funds` `TOTAL FUNDS`	`2024` `Total` `funds` `£` `91` `80` `21,864` `22,035` `(981)` `21,054` `21,054` `21,054` `21,054` `-` `21,054`	`2023` `Total` `funds` `£` `-` `125` `28,958` `29,083` `(1,965)` `27,118` `27,118` `27,118` `25,916` `1,202` `27,118`

ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissueon21March2024 and
were signed on its behalf by:

DWA Embery - Trustee

The notes form part of these financial statements

Page 4

Martlesham Community Hall

`Notes to the Financial Statements for the Year Ended 31 January 2024`

`1. ACCOUNTING POLICIES`

`Basis of preparing the financial statements`

Thefinancialstatementsof thecharity,whichis a publicbenefitentityunderFRS 102,havebeenprepared in
accordancewiththeCharitiesSORP(FRS102)'AccountingandReportingbyCharities:Statement of
RecommendedPracticeapplicabletocharitiespreparingtheiraccountsinaccordancewiththe Financial
ReportingStandardapplicablein the UK and Republicof Ireland(FRS 102) (effective1 January2019)', Financial
ReportingStandard102 'The FinancialReportingStandardapplicablein the UK and Republicof Ireland'and the
Charities Act 2011. The financial statements have been prepared under the historical cost convention.

`Income`

All incomeis recognisedin the Statementof FinancialActivitiesoncethe charityhasentitlementto the funds,
it is probable that the income will be received and the amount can be measured reliably.

`Expenditure`

Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructiveobligationcommitting the
charitytothatexpenditure,itisprobablethatatransferofeconomicbenefitswillberequiredin settlement
andtheamountof theobligationcanbe measuredreliably.Expenditureis accountedforonanaccruals basis
andhas been classifiedunderheadingsthataggregateall costrelatedto the category.Wherecostscannot be
directlyattributedtoparticularheadingstheyhavebeenallocatedtoactivitiesonabasisconsistentwith the
use of resources.

`Stocks`

Stocksarevaluedatthelowerofcostandnetrealisablevalue,aftermakingdueallowanceforobsolete and
slow moving items.

`Taxation`

The charity is exempt from tax on its charitable activities.

`Fund accounting`

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsofthe charity.
Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Furtherexplanationofthenatureandpurposeofeachfundisincludedinthenotestothe financial
statements.

`Financial instruments`

Thecharityonlyentersintobasicfinancialinstrumentstransactionsthatresultintherecognitionof financial
assets and liabilities like trade and other accounts receivable and payable and loans with related parties.

Debtinstrumentsthatarepayableorreceivablewithinoneyear,suchastradepayablesorreceivables, are
measuredattheundiscountedamountofthecashorotherconsiderationexpectedtobepaidor received.
Debt instrumentsthatare repayableor receivableafter one year are initiallymeasuredat the presentvalue of
the future cash flows and subsequently at amortised cost using the effective interest method.

Financialassets that are measuredat cost and amortisedcost are assessed at the end of each financialyear for
evidenceofimpairment.Ifobjectiveevidenceofimpairmentisfoundanimpairmentlossisrecognisedin the
Income Statement.

continued...

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`Notes to the Financial Statements - continued`

`for the Year Ended 31 January 2024`

`2. OTHER TRADING ACTIVITIES`

`Fundraising events` `Hall hire` `INVESTMENT INCOME` `Deposit account interest`	`2024` `£` `507` `44,111` `44,618` `2024` `£` `320`	`2023` `£` `-` `38,224`
		`38,224`
		`2023` `£` `85`

`3. INVESTMENT INCOME`

`4. TRUSTEES' REMUNERATION AND BENEFITS`

Therewerenotrustees'remunerationorotherbenefitsfortheyearended31January2024norforthe year
ended 31 January 2023.

`Trustees' expenses`

Therewerenotrustees'expensespaidfortheyearended31January2024norfortheyear ended
31 January 2023.

`5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES`

continued...

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`Notes to the Financial Statements - continued`

`for the Year Ended 31 January 2024`

`6.`	`STOCKS`
			`2024`	`2023`
			`£`	`£`
	`Stocks`		`91`		`-`
`7.`	`DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`
			`2024`	`2023`
			`£`	`£`
	`Other debtors`		`80`	`125`
`8.`	`CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`
			`2024`	`2023`
			`£`	`£`
	`Other creditors`		`981`	`1,965`
`9.`	`MOVEMENT IN FUNDS`
			`Net`
			`movement`	`At`
		`At 1.2.23`	`in funds`	`31.1.24`
		`£`	`£`	`£`
	`Unrestricted funds`
	`General fund`	`25,916`	`(4,862)`	`21,054`
	`Restricted funds`
	`Projector and PA Systems`	`1,202`	`(1,202)`		`-`
	`TOTAL FUNDS`	`27,118`	`(6,064)`	`21,054`
	`Net movement in funds, included in the above are as follows:`
		`Incoming`	`Resources`	`Movement`
		`resources`	`expended`	`in funds`
		`£`	`£`	`£`
	`Unrestricted funds`
	`General fund`	`45,239`	`(50,101)`	`(4,862)`
	`Restricted funds`
	`Projector and PA Systems`	`(402)`	`(800)`	`(1,202)`
	`TOTAL FUNDS`	`44,837`	`(50,901)`	`(6,064)`

continued...

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`Notes to the Financial Statements - continued`

`for the Year Ended 31 January 2024`

`9. MOVEMENT IN FUNDS - continued`

`Comparatives for movement in funds`

		`Net`
		`movement`	`At`
	`At 1.2.22`	`in funds`	`31.1.23`
	`£`	`£`	`£`
`Unrestricted funds`
`General fund`	`31,236`	`(5,320)`	`25,916`
`Restricted funds`
`Projector and PA Systems`	`4,436`	`(3,234)`	`1,202`
`TOTAL FUNDS`	`35,672`	`(8,554)`	`27,118`

Comparative net movement in funds, included in the above are as follows:

	`Incoming`	`Resources`	`Movement`
	`resources`	`expended`	`in funds`
	`£`	`£`	`£`
`Unrestricted funds`
`General fund`	`40,976`	`(46,296)`	`(5,320)`
`Restricted funds`
`Projector and PA Systems`	`-`	`(3,234)`	`(3,234)`
`TOTAL FUNDS`	`40,976`	`(49,530)`	`(8,554)`
`A current year 12 months and prior year 12 months combined position is as follows:`

		`Net`
		`movement`	`At`
	`At 1.2.22`	`in funds`	`31.1.24`
	`£`	`£`	`£`
`Unrestricted funds`
`General fund`	`31,236`	`(10,182)`	`21,054`
`Restricted funds`
`Projector and PA Systems`	`4,436`	`(4,436)`	`-`
`TOTAL FUNDS`	`35,672`	`(14,618)`	`21,054`

continued...

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`Notes to the Financial Statements - continued`

`for the Year Ended 31 January 2024`

`9. MOVEMENT IN FUNDS - continued`

A currentyear12monthsandprioryear12monthscombinednetmovementinfunds,includedinthe above
are as follows:

	`Incoming`	`Resources`	`Movement`
	`resources`	`expended`	`in funds`
	`£`	`£`	`£`
`Unrestricted funds`
`General fund`	`86,215`	`(96,397)`	`(10,182)`
`Restricted funds`
`Projector and PA Systems`	`(402)`	`(4,034)`	`(4,436)`
`TOTAL FUNDS`	`85,813`	`(100,431)`	`(14,618)`

`10. RELATED PARTY DISCLOSURES`

There were no related party transactions for the year ended 31 January 2024.

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`Detailed Statement of Financial Activities`

`for the Year Ended 31 January 2024`

	`2024`	`2023`
	`£`	`£`
`INCOME AND ENDOWMENTS`
`Donations and legacies`
`Donations`	`30`	`-`
`Other trading activities`
`Fundraising events`	`507`	`-`
`Hall hire`	`44,111`	`38,224`
	`44,618`	`38,224`
`Investment income`
`Deposit account interest`	`320`	`85`
`Charitable activities`
`Grants`	`(131)`	`2,667`
`Total incoming resources`	`44,837`	`40,976`
`EXPENDITURE`
`Charitable activities`
`Rates and water`	`2,209`	`1,277`
`Insurance`	`1,420`	`1,344`
`Light and heat`	`11,530`	`7,520`
`Telephone`	`795`	`633`
`Postage and stationery`	`23`	`43`
`Sundries`	`319`	`278`
`Cleaning contractors`	`28,341`	`24,406`
`Maintenance and repairs`	`227`	`3,236`
`Window cleaning`	`125`	`150`
`Refuse collection`	`313`	`295`
`Licences and PRS`	`477`	`-`
`Secretarial and booking exps`	`1,500`	`1,500`
`Accountancy`	`444`	`420`
`Fire safety`	`210`	`210`
`Electrical testing`	`1,771`	`1,314`
`Bank charges`	`61`	`78`
`Building works`	`1,029`	`1,821`
`Equipment`	`107`	`5,005`
	`50,901`	`49,530`
`Total resources expended`	`50,901`	`49,530`
`Net expenditure`	`(6,064)`	`(8,554)`

This page does not form part of the statutory financial statements

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