Charity registration number: 1013186
## Husthwaite Village Hall
Annual Report and Financial Statements for the Year Ended 30 September 2023
## **Husthwaite Village Hall**
## **Contents**
|**Contents**||
|---|---|
|Reference and Administrative Details|1|
|Trustees' Report|2|
|Statement of Trustees' Responsibilities|3|
|Accountants' Report|4|
|Independent Examiner's Report|5|
|Statement of Financial Activities|6|
|Balance Sheet|7|
|Notes to the Financial Statements|8 to 12|
## **Husthwaite Village Hall**
## **Reference and Administrative Details**
## **Chair**
Sheila Mowatt **Treasurer**
Steve Broughton **Vice Chair**
Lynn Colton **Other Trustees'**
Paul Hampshire Doreen French Elizabeth Walton Gill Allanson Simon Eedle Craig Colton
**Principal Office**
The Nookin Husthwaite North Yorkshire YO61 4PF
**Charity Registration Number**
## 1013186
**Independent Examiner**
Approachable Accountants Ltd Westminster Business Centre 10 Great North Way York Business Park York YO26 6RB
Page 1
## **Husthwaite Village Hall**
## **Trustees' Report**
The trustees present the annual report together with the financial statements of the charity for the year ended 30 September 2023.
## **Objectives and activities**
## _**Objects and aims**_
The Charity's main objective is the provision of a village hall for the inhabitants of the parish of Husthwaite North Yorkshire.
## _**Public benefit**_
The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
## **Structure, governance and management**
The annual report was approved by the trustees of the charity on 14 July 2024 and signed on its behalf by:
......................................... Steve Broughton Treasurer
Page 2
## **Husthwaite Village Hall**
## **Statement of Trustees' Responsibilities**
The trustees are responsible for preparing the trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.
The law applicable to charities requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the constitution. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by the trustees of the charity on 14 July 2024 and signed on its behalf by:
......................................... Steve Broughton Treasurer
Page 3
## **Chartered Certified Accountants' Report to the Trustees on the Preparation of the Unaudited Statutory Accounts of Husthwaite Village Hall for the Year Ended 30 September 2023**
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Husthwaite Village Hall for the year ended 30 September 2023 as set out on pages 6 to 12 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/gb/en/member/standards/rules-and-standards/rulebook.htm].
This report is made solely to the Board of Directors of Husthwaite Village Hall, as a body, in accordance with the terms of our engagement letter dated 20 June 2024. Our work has been undertaken solely to prepare for your approval the accounts of Husthwaite Village Hall and state those matters that we have agreed to state to the Board of Directors of Husthwaite Village Hall, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at https://www.accaglobal.com/gb/en/member/standards/rules-and-standards/rulebook.html
october/factsheet-163-audit-exempt-companies.html. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Husthwaite Village Hall and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Husthwaite Village Hall has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and results of Husthwaite Village Hall. You consider that Husthwaite Village Hall is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Husthwaite Village Hall. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
................................................. Approachable Accountants Ltd Marlborough House Westminster Place York Business Centre York YO26 6RW
Date: 14 July 2024
Page 4
## **Husthwaite Village Hall**
## **Independent Examiner's Report to the trustees of Husthwaite Village Hall**
I report to the charity trustees on my examination of the accounts of the charity for the year ended 30 September 2023 which are set out on pages 6 to 12.
## **Respective responsibilities of trustees and examiner**
As the charity’s trustees of Husthwaite Village Hall 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 Husthwaite Village Hall'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)(b) 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 Husthwaite Village Hall 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 accounting 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.
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.
...................................... Julie Brook (FCCA ATT)
Approachable Accountants Ltd Westminster Business Centre 10 Great North Way York Business Park York YO26 6RB
Date: 14 July 2024
Page 5
## **Husthwaite Village Hall**
## **Statement of Financial Activities for the Year Ended 30 September 2023**
|**Unrestricted**
**funds**
**Restricted funds**
**Total**
**2023**|**Unrestricted**
**funds**
**Restricted funds**
**Total**
**2023**|
|---|---|
|**Note**
**£**
**£**
**£**||
|**Income from:**||
|Donations and legacies|600
18,500
19,100|
|Charitable activities|22,965
509
23,475|
|Investment income
4|142
30
171|
|Other income|1,408
-
1,408|
|Total income||
||25,114
19,040
44,154|
|**Expenditure on:**||
|Raising funds|(9,615)
(200)
(9,815)|
|Other expenditure
6|(8,388)
(49,098)
(57,487)|
|Total expenditure||
||(18,003)
(49,298)
(67,302)|
|Net (expenditure)/income||
||7,111
(30,258)
(23,148)|
|Gross transfers between funds|(22,243)
22,243
-|
|Net movement in funds||
||(15,132)
(8,016)
(23,148)|
|**Reconciliation of funds**||
|Total funds brought forward||
||66,367
11,050
77,417|
|Total funds carried forward
11||
||51,235
3,034
54,269|
||**Unrestricted**
**Total**|
||**funds**
**Restricted funds**
**2022**|
|**Note**|**£**
**£**
**£**|
|**Income from:**||
|Donations and legacies|4,210
8,355
12,565|
|Charitable activities|9,273
1,050
10,323|
|Investment income
4|9
1
10|
|Other income|1,130
-
1,130|
|Total income||
||14,622
9,406
24,028|
|**Expenditure on:**||
|Raising funds|(4,861)
(368)
(5,229)|
|Other expenditure
6|(9,170)
-
(9,170)|
|Total expenditure||
||(14,031)
(368)
(14,399)|
|Net income||
||591
9,038
9,629|
|Net movement in funds||
||591
9,038
9,629|
|**Reconciliation of funds**||
|Total funds brought forward||
||65,776
2,012
67,788|
|Total funds carried forward
11||
||66,367
11,050
77,417|
The notes on pages 8 to 12 form an integral part of these financial statements. Page 6
## **Husthwaite Village Hall**
## **(Registration number: 1013186) Balance Sheet as at 30 September 2023**
||**2023**
**£**
**2022**
**£**
8,827
11,265
261
261
45,581
66,056
45,842
66,317
(400)
(165)
45,442
66,152
54,269
77,417
3,034
11,050
51,235
66,367
54,269
77,417|
|---|---|
|**Note**||
|**Fixed assets**||
|Tangible assets
8||
|**Current assets**||
|Stocks
9||
|Cash at bank and in hand
10||
|||
|**Creditors: Amounts falling due within oneyear**||
|**Net current**assets||
|**Net**assets||
|**Funds of the charity:**||
|**Restricted income funds**||
|Restricted funds||
|**Unrestricted income funds**||
|Unrestricted funds||
|**Total funds**
11||
The financial statements on pages 6 to 12 were approved by the trustees, and authorised for issue on 14 July 2024 and signed on their behalf by:
......................................... Steve Broughton Treasurer
The notes on pages 8 to 12 form an integral part of these financial statements.
Page 7
## **Husthwaite Village Hall**
## **Notes to the Financial Statements for the Year Ended 30 September 2023**
## **1 Accounting policies**
## **Statement of compliance**
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
## **Basis of preparation**
Husthwaite Village Hall meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.
## **Exemption from preparing a cash flow statement**
The charity opted to early adopt Bulletin 1 published on 2 February 2016 and have therefore not included a cash flow statement in these financial statements.
## **Going concern**
The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.
## **Income and endowments**
Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability.
## _**Donations and legacies**_
Donations and legacies are recognised on a receivable basis when receipt is probable and the amount can be reliably measured.
## _**Grants receivable**_
Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released.
## **Expenditure**
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.
Page 8
## **Husthwaite Village Hall**
## **Notes to the Financial Statements for the Year Ended 30 September 2023**
## _**Raising funds**_
These are costs incurred in attracting voluntary income, the management of investments and those incurred in trading activities that raise funds.
## **Support costs**
Support costs include central functions and have been allocated entirely to unrestricted funds.
## **Government grants**
Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.
## **Taxation**
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
## **Tangible fixed assets**
Individual fixed assets costing £100 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Husthwaite Parish Council is the registered legal owner of the village hall building and land. Therefore, the value of the building, site and subsequent extension are off balance sheet and are not included in the balance sheet of the accounts.
## **Depreciation and amortisation**
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life. All fixed assets are depreciated at 20% on a reducing balance basis.
## **Stock**
Stock is valued at the lower of cost and estimated selling price less costs to complete and sell, after due regard for obsolete and slow moving stocks. Cost is determined using the first-in, first-out (FIFO).
## **Cash and cash equivalents**
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
## **Fund structure**
Unrestricted income funds are general funds that are available for use at the trustees's discretion in furtherance of the objectives of the charity.
Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.
Page 9
## **Husthwaite Village Hall**
## **Notes to the Financial Statements for the Year Ended 30 September 2023**
|**2**
**Income from donations and legacies**|**2**
**Income from donations and legacies**|
|---|---|
|**Unrestricted**||
|**funds**
**Restricted**
**Total**
**Total**||
|**General**
**funds**
**2023**
**2022**||
|**£**
**£**
**£**
**£**||
|Donations and legacies;||
|Donations from individuals
600
500
1,100
7,565||
|Grants, including capital grants;||
|Local Governmentgrants
-
18,000
18,000
5,000||
|600
18,500
19,100
12,565||
|**3**
**Income from charitable activities**||
|**Unrestricted**||
|**funds**
**Restricted**
**Total**
**Total**||
|**General**
**funds**
**2023**
**2022**||
|**£**
**£**
**£**
**£**||
|22,965
510
23,475
10,323||
|**4**
**Investment income**||
|**Unrestricted**||
|**funds**
**Restricted funds**
**Total**||
|**General**
**2023**
**2023**||
|**£**
**£**
**£**||
|||
|Interest receivable on bank deposits
142
30
171||
|**5**
**Other income**||
|**Unrestricted**||
|**funds**
**Total**
**Total**||
|**General**
**2023**
**2022**||
|**£**
**£**
**£**||
|Hall rental income
1,408
1,408
1,130||
|**6**
**Other expenditure**||
||**Unrestricted**|
||**funds**
**Total**|
||**General**
**2023**|
|**Note**|**£**
**£**|
|Depreciation, amortisation and other similar costs|2,438
2,438|
|Allocated support costs|5,950
5,950|
||8,388
8,388|
Page 10
## **Husthwaite Village Hall**
## **Notes to the Financial Statements for the Year Ended 30 September 2023**
## **7 Taxation**
The charity is a registered charity and is therefore exempt from taxation.
## **8 Tangible fixed assets**
|**8**|**Tangible fixed assets**|||
|---|---|---|---|
|||**Furniture and**||
|||**equipment**|**Total**|
|||**£**|**£**|
|**Cost**||||
|At|1 October 2022|48,597|48,537|
|At|30 September 2023|48,597|48,537|
|**Depreciation**||||
|At|1 October 2022|37,332|37,332|
|Charge for theyear||2,438|2,438|
|At|30 September 2023|39,770|39,770|
|**Net book value**||||
|At|30 September 2023|8,827|8,767|
|At|30 September 2022|11,205|11,205|
|**9**|**Stock**|||
|||**2023**|**2022**|
|||**£**|**£**|
|Stocks||261|261|
|**10**|**Cash and cash equivalents**|||
|||**2023**|**2022**|
|||**£**|**£**|
|Cash on hand||229|164|
|Cash at bank||45,352|65,892|
|||45,581|66,056|
Page 11
## **Husthwaite Village Hall**
## **Notes to the Financial Statements for the Year Ended 30 September 2023**
|**11 Funds**|**Balance at**
**1 October 2022**
**£**
**Incoming**
**resources**
**£**
**Resources**
**expended**
**£**
**Transfers**
**£**
**Balance at 30**
**September**
**2023**
**£**
66,367
25,114
(18,003)
(22,243)
51,235
11,050
19,040
(49,298)
22,243
3,034
**77,417**
**44,154**
**(67,301)**
**-**
**54,269**|
|---|---|
|||
|||
|**Unrestricted funds**||
|General||
|Restricted funds||
|**Total funds**||
Page 12
This page does not form part of the statutory financial statements. Page 14