Registered Charity Number. 1014361 Papplewick and Llnby Village Hall Report of the Trustees and Unaudited Financial Statements for the year ended 31 December 2021
PappleICk and Linby Willage Hall Contsnts of the Financial Statements For the year ended 31 December 2021 Report ofthe Trustees Independent Examin*s Report StateTrI of Financial Activtt Statem8nt of Finaal Posrti Notès to the Financ1 SLMents 6t012 Detaibj Statement of Finar91 Activities 13
Papplewick and Linby Village Hall Report of the Trustees for the year end•d 31 December 2021 The trustees present their annual re&xxt and ffinarKial statements of tho canty for the yw end&Y 318t December 2021. The financial statements have been wepared in accordance with the Send edthon of the Charitse8 Statement of Recommended Practs"ce issued In October 2019, the Finanual Rewb"rKJ Standard aPicable m the Unrted Ktngdom and Republic of Ireland {FRS 102) and the charib.es Act 2011. The trust constitules a pUbC benefft entity as dèfined by FRS 102. The Ilnancial Ststements have boen prepared underthe histor1 cost convenuon ry1h items recognls&J at CO8t or transaction value unless othewse Statsd in the relevant notels) to these accounts. Objectlves and Actlviti•s The object of the charty is the provision and maintenance of a vrflage hall and l or recreab.on ground for use by the inhabitsnts of the area of benefit wthout disb"nclkn of E¥ji11, rd10js or other opinions, including use for meetings, lectu$ and ¢lasses and othér fomis of recreatson and lsUre time occupatKln VAth the object of Improving the conditions of life for the Kthabttanls. Tho tru8te88 Clfi that they have eompli•d thè requKements of 4 ofthe Chath Acl 2011 to have due regard lo Ihe public benefft guthnce publl8htyY by Charlty Comn¥s8ion for England and Wales. Achlavemonts and Performance The ongoing COVID 19 pandemic during 2021 led to a Start to the year. vlith the village hall being closed for a 81gnlficant part ofthe year, ith onty the prethschod gro u¥rng the wom18 to provide Care for the children ol critical yrkerS and vulnerable chlklren. As rt became permrtt8d to rfropèn the hall In a COVID Sa envlronm•nl, regular hirers and th.rers of the hall for events began to retum, and the tharity ha$ conbnued to provide a vital aTrwnity for the Icr1 communty for Tree"r. re(xeaticffl, and Sla1 activrtK?8. Financlal Revi•w At the end of the penod. the charlty held total funds of £438.22612020 £418,386). All fvnds held are unre8trlcled, vthh the exceptson of £3,235 in respect of a Ngllonal Lottery Grant recth'ved in 2021 relattng to the Queen's Platinum Jubilee calebrations in 2022.12020.. Nill. During the year. ircome exceeded •xpendilure by £21,84012020 9Xpendrtu exceeded income by É10,713). The charity made full use of both full bme and part lime furtothjh opwtunilies kn availabte during the year. Further detai18 of the financial perfomiance fr)r the year can be found in the flnancial Statements beh)w. During 2021 the charity's financial investments in a Chantie8 AM1 Foundati {CAF) Thiestment frjnd were closed, folkm.ng rlffiCatiOn of the dosure of all CAF investrnents. A propcYlTh of these funds was subsequenltv re-invested in a Hampshire Trust Bank ontryear b)nd. 11 is the charity'$ and trusloes, polmi to maintaln reser at a level rt constders necessary to future cash ftow reqU1Ments. The financial statements have been prepared on the going contxm basi8 The trustees are sab'sfied that the chanty has sufficient cash )low8 to meet rts liatrA"lrfs as they fall due for at least one year from the date of approval of the finants statements. Page I
Papplewick and Linbyvlllage Hall Report of the Trustees for the year ended 31 Decembor 2021 (Convd) Structure. Governance and Management The Trust is a registered chanty. number 1014361. arKI FS Q)nsliiuled untsr a c¥ance dated 18 June 1929. 83 amended by an AlterÈng Scheme dated 6 May 1999. The Trust has four ITU¥tee8, must hokl the propty beh)nging to the charty. The trustees may hold office for lrfe Any appointment of a trustee must be made by the remaining trustees ID Consln th the charrty trustees and the appointment reported to a meeting ofthe dwty trustee8. The management committee includes fve eXfv0 members (the above four truslees, a president rf appointed), $ix elected memters Ichaimian. Secretary, Treasurer. u5 three others), and one appointed member for each of the oryanlsalions Imted the atK)ve Allenng Scheme). The membgrd oflhe commrttoe we Ihe chaflty tru8teM ofthe th*bty. Refer6nc• and Admlnistratlve Dota118 Trn•tee8, holdlng the prop•rty belonglng to the charlty Mr l Griffiths Mrs C Hardstaff Mrs C Spencer Mr K Tunstall Charlty Tru•te•8, mombern of the management commlttee L Jackson Rev T Raaff P Kanikowskl W Lows C Hesketh J Sleven80n Prfnclpal addrn88 17 Linby Lane Papplewck Nottinghamshire NG15 8FB Reglstsrnd charlty number 1014361 Independent examlner Mrs LeeY Mills ACA Appmed by orderofthe boardoftwstees on 2022 and Sned on ts behalfby.. ee
Independent Examinerfs Report to the Ttee8 of Papplewick and Llnby Villag• Hall Independent Examinerf8 Report to the Trustees of Papplewkk and Llnby Vlllage Hall I report to the trustees on my eXInal)n of the aec(MJnts of the above th¥ity. Papplek and Linby Village Hall (the Trust) forthe year ended 31 DecembeT 2021. The scope (rf my examination Inche$ the accountirvJ recd5 of Pappknvick and LbY Vile Hall (The Trust). The intlependenl entsty cperabng as thght'S Bar ts outside the scope of my ¥xaminètion. The profit Sha and stock valuation attn'bulable to the Trust has been confimHJ by the propiietor, Darren ght. It 15 the responsibilty of the Tw$t$ to 8n8ure they have appropnate financial controls Èn place to ensure the management of th arrangemenK given Ihe nature ofthe cash busin. Respon8lbllltles and ba818 ol report As the charity trustees. you are respOnSle lor the prep#Yon the account8 In 8ccord4n¢e wth the rgquirgments of the Chariboy Act 2011 {Ih8 Arf). I reFX>rt in f8W8¢t of my examinth.on of the Trusvs ac¢ts camed out under 8e¢tion 145 ofthe 2011 AGt aThJ in carrying out my ex8minab.on I have folo¥%•J all the applicable Directn$ given by the Charty Commission under section 14515){bl of IheAcL Independent examlnefs statement have complet8d my èxaminatEon. I conllmi that no matwial matters have come to my attontson h conneth'on th tho examinats.on which give m8 causeto believe that in any material respect.. the Accountsng recordsre not kept ao>)rdance wth sedv)n 130 ofthe Charits'es Ac(. or the accounts did not acced Imth Iho8¢ records." or tho accounts did not complywith the applble requrements )nCerning the form and cts)tentof accounts set out in the Charibe$ IAcctyJnts and Report¥) Regulatn$ 21)08 otherthan any requirem8nl thatthe accounts give a true and fair vthw Ithich is not a matter con8idered as part of an Independ•nt examinatKn. I have no concerns and have come ro¥S no other mattthy tr tNnakn to [ch attention shoukl bo dravm in thls rgFWYt wi ordtt to enable a proper under¥tanding of th• accounts to be reached. Lesley Mills ACA Date Avonholme Blldworth Waye Papplwd¢ Nothngham NG15 8GB Page 3
Papplewick and Llnby Willage Hall Statement of Finaneial Aetivities for the year ended 31 December 2021 Unrestricted Restricted Funds Fund$ Totsl Funds Total Funds 2021 2020 Income and Endowments From Grants received 22.783 19.596 3.676 3235 20.018 19.596 3.676 20.625 7.831 4.326 Other trading actlvit Investment Sncome Total 46,055 3235 49.290 32,782 Expenditurn on Other 35.747 35,747 32,689 Total 10.308 3.235 13,543 93 Netgain51{105s•$) on investments 8.297 8.297 {10,8061 Net Income l (exp•ndlturo) 18,605 3235 21,840 10.713) Reconclllallon of fund• Ti)tsl fvnds brought foard 418,386 416,386 427.099 Total funds carried forward 434.991 3,235 438,226 418,386 Pa8¢4
Papplewick and Llnby Vlllage Hall Statement of Financial Position at 31 December 2021 Totsl FurKts Total Funds Funds Funds 2021 2021 2021 2020 Flxed Assets T8nglble Assets Investm1 Assots 290.507 80.002 290,507 80,002 293.006 115.108 Totsl Flxed Assets 370,509 370.509 408.114 Current Assets Stock8 Debtor8 due v*thin ¢)ne year Debtors due after one year Cash at bank and in hand 2.494 2.743 10 10 8.205 3.331 56.388 8,205 3.331 59.623 3,235 6,385 67,924 3.235 71.159 11,622 Credltors Amounts falling duè within year 11 (3.442) (3.442) (3.350) Net Current A88ets 64,482 3.235 67,717 8.272 Total Assets Less Current Llabllltle• 434.991 3,235 438,226 416.388 N•t As•ets 434.991 3235 438.22e 416,388 Funds Restricted funds Unre$lricted funds 12 12 3.235 3,235 434,991 434.991 416.386 Totsl funds 434.991 3.235 438,226 418.386 The notes on pages 6 to 12 form part ofthue xcounts. Thefinancial statements were apprrNed by the 803rdof TTUStees on behalf by and were signed on its Mr l Grrtffths- T sl Mr8 C Spencer- Trustee Mrs C Hardstaff - Trustee Mr K Tunstsll- Trustee Pa8¢5
Papplewick and Linby Willage Hall Notes to the Flnanclal Statements for the Yoar Ended 31 December 2021 Accountlng Pollcles Basis of pr•yring tho fInala1 Sta1th and ass8ssmwrt of golng COnrn The financ1 statements have been prepared in accordance wth the second edrtion of th8 Chariti08 Statement of Recommended Pracb"ce issued In Odober 2019. the FinanciJ Reporb"ng Standard opplicable in the Unrted Kingdom and RepubliG of Irekqnd (FRS 1021 and the Charib"e$ ALt 2011. The financial statements have teen wepared Und the historical cost converrtK)n, except for investmerts which are included at market vdve, as modified ty the revaluation of (¥rtain 88sets. The Iruslees consider Ihat the are no materlal unciniw aboul the Tnjsys abifty to c¢)ntiThJe as going concem. In¢omg rKognttlon All income Is recognisod in the Statement of Financ4al ActNihes once the chanty has entlllement to the fund$, rt is Probab thatthe incomewill be r8cgived. and the amountcan be rrEsured reliably. Exwndttur• rncognltlon Liabillties are recogni8ed as expenditiwe as soon as thtre is a bJal Of Constr11¥0 obligation commrtb'ng the charty to tho1 expendrture, rt is probable that a transfer of economi¢ b•neffts vill bo requlred In settlement aTrJ the amount of the thigalwi can be measured reliabty. Expendliur• is accounted on an accruals basis and has been da$sffi8d under headings that aggregate aN Gosts related to the category. costs cannot be direth attn"buted lo partKular headings, they have been alkated to acdvlb.es on a ba8ffj consot•nt tmth the use of resources. Tanglbl8 fixed aM•ts DeprecIatn is provKl8d at the IdIj annual rates in order to wrlte off oach a88et over ts estimated u8efvl Ilfe. Krtchenware & crod¢ery Chairs & tsbles Offi¢eequipment Otherequlpment 8tock• 20% on co8t 12 5% on cost 25% on cost , 10%, 5%on cojt Stocks are Valued al the Imr of cosl and net r11819 value, after makr'rvJ due aNowanr• for ob801ele and sl¢)w moving rtems. T•xatlon Tho charlty18 exempt from tax on its charrtable adi¥ibe& Fund a¢¢ountlng Unrestricted funds c•n be used the thwilabkn cAecli¥es at the dlscretion of the twslees. Restricted funds can only be used for pafticuEar reslrthd purposes wtthin the objects of the charity. Restricon8 arise when Swufièd by the donrorb¥thenfunds are raised forpwb"cutar restriLtsd purposes. Furtherexplanalion ofthe nature and wrFa)se of exh fund L8 duded in the n(es tothe financ4al 8talemenls. The charrty operale8 a defined C"frAjt10n pension scheme. ContribLrtions payable to the charty's pension scheme charged to tr Statement ot Finanual Activliits in the periodto lch they late. Pa8e6
Papplewick and Linby Village Hall Notss to the Flnancial Statements for the Year Ended 31 December 2021 (cont'd) Grants Recelved 2021 2020 Goverrrnt grarrts Nanal Lottery grant 22.783 3,235 26.018 20,625 20,62S Other Tradlng Acllvltlos 2021 2020 Hiro charges Share of bar proffts l {1088e8) Sundry recpts 17,498 1.898 200 8.638 18071 Investment Income 2021 2020 Charlfvnd Incorm unrts CAF irwestment account HTB One Year Bond 785 3,674 3,541 3.676 4,326 Trustees. R•mun8ratlon and Benefits There were no trustees. rnmuneration or other berfits for the year ended 31 December 2021 nor for the year ended 31 Decen**r 2020. There were no trustees, expenses paid for Ihe year ended 31 December 2021 nor for the year erKled 31 December 2020.
Papplewick and Linby Willage Hall Notes to the Financial Statsments for the Year Ended 31 December 2021 (confd) Stsff Costs 2021 2020 Wage$ and $aneS Other pensKJn c08ts 15,625 141 17,305 150 The key management personnel during 2021 were Mrs K Holmes and Mr8 S &ack. thelr gros¥ salarie8 for the yearwere £3.869.30 and £9,680 90 respectsvely The averap monthty nLnknr ofeny*e88 the ar was as follN8.' 2021 2020 Administrallon Cleanér No erWoyee$ recetr¥•d orn0lurrntr In Èx¢01£60.000. Page 8
Papplewlck and Linby Vlllage Hall Not•8 to the Flnancial Statements for th• Year Ended 31 De¢ber 2021 (convd) Tangible Flxed Assets Chairs & tsbles Hall buikling & Crockery Cost At 1 January 2021 Addjtions Disposals 271.229 28.258 19.301 275 At 31 December 2021 271.229 28258 19,576 Depreclallon Al 1 January 2021 Disposals Chargeforye 20.230 17,244 1,299 S14 At 31 DeGember 2021 21.529 17,758 Net Book Value At 310ecember 2021 271,229 6,729 1.818 At 31 De¢•mber 2020 271,229 8,028 2,057 equipmwft equwKnenl Totals Co•t At l January 2021 Addth'ons Disposals 42.356 1.931 11,860) 1 .997 385.1 $0 2,206 (3.857} {1,9971 At 31 December 2021 42.427 383,499 Depreclatlon At 1 January 2021 Oisposals Chorgeforyear 32.661 11.8601 895 72,144 {1,860) 2,708 At 31 December 2021 2,009 31.6 72,992 Net Book Value At 31 December 2021 10.731 290.507 At 31 Dmber 2020 9.695 1,997 293,006 The hall bulkling is Included at Cost. The Charty also o¥KtS the free)Id of the land on whi¢h the hall has been built. the value of is not included wilhin the acccmjnts. The Trustee$ do not believe that the cost of obtaining a valuation of these assets wouhj be of any benefft. Other fixed assets are included at cost and are deprecwted overts¥ usefvl livesat rates show).
PappleCk and Linby Willage Hall Notes to the Financial Statements for the Year Ended 31 December 2021 Iconvd) Fixed Asset Inveslments Fixed Temi Total Investments Investments Market Value At 1 January 2020 Investment Income reinvested Revaluations 11S.108 115.108 80.000 3,676 8,297 1127.079} 80.002 80.000 3,674 8,297 {127.079) Disposa18 At 31 December 2021 80,002 Net Book Valu• At 31 December 2021 80,002 80,002 At 31 December 2020 115.108 115,108 Therewere no In¥tMent assets OLrt8ththe UK. Investments quoted on a recognisèd stijck exctsnge arn valued at market Value at tho y88r end. Other Inve8tment a¥80ts are mduded at theTwsteM' be8te8dmth ol mwk•tvalu•. Stocks 2021 2020 stock8 2,494 Page 10
Papplewick and Linby Willage Hall Notes to the Financial Statements for the Year Ended 31 December 20211conVd) 10. Debtors 2021 )20 Amounts falling due wthin one year.. Trade debtors 6.116 1.666 423 1,674 Other debtors Prepayments 1,062 8205 2.743 Amounts falling due after on8 year. Other debtors 3.331 3,331 Included in other debtors are amounts di in r•8FfjCt of a loan made to D to en8e the purchase of bar equipment and inttial stocks for tho operatn of the bar in the Village Hall. The arK•unt due within one year 1$ £1,666 {2020'. Nil), and due after of* year is £3.33112020.. NII). 11. Crndltorn: Amounts falllng duo wtthln one yaar Deposll8 held Accruals 2021 2020 2.750 692 2,810 540 3,442 3,350 Pagell
Papplewick and Linby Ifillage Hall Notes to th• Financlal Statements for the Year Ended 31 DeceMr 2021 (conVd} 12. Anatysls of Charliable Fund• Amalysis of fvnd At 1 Jan 2021 movements Incoming Resources ewded Gains l (losses) At 31 Dec 2021 Restrthd funds Unreslncted lund8 3.235 3.235 418.386 48.055 (35.74n 8.297 434,991 Total fund8 416.388 49,290 135,747) 8.297 438.226 The re8tricted fund above relates to 8 Natsonal Lottery Grant vthlc*t has been awarded In respect of the Queen's 2022 Plallnum Jubilee cel•bratsons. Analysls of Charttablo Funds- Prevlous Year Analysls olfund At 1 Jan 2020 movements Incoming Resour¢e¥ expended Gains l {losses) At 31 Dec 2020 Unre8tdcted fund$ 427,099 32.782 (32.889) {10,8061 416,388 Totsl funds 427.099 32.782 {32,6891 (10,8061 416,388 13. Relatsd party disclo•ure• There re no related party transactnS for the year ded 31 08mber 2021. During the prKJr year a total of £3.000 was lent to Ihe chanty by a number of thè tru$tee8 to cover Short tem fiJr¢ding requirements. These10on8 were Intertst free ond fvlty repaid within the year. 14. Grant from Countryslde Agency The Conth'bution reIVed in earller years ILyward$ cost of the building the hall sts"pulates that the hall must not be sold without prior consent of the Agency and on such saFe. or cessab.on of use by the ¢MunitY. a proportv)n ofthe fflarketvalue ofthe ham mustbg returned to theAgenry. 15. Voluntser help Volu8 of arry ¥onteer help is not Included in the accounls. 16. Fees for the examlnatlon of the accounts No fees have been incurred in resped of the examinatK)n of these accounts.12020.. A fee of £100 was paKI in the form of a chantse donabon to Linby and PappleWI PCC.) Page 12
Pappleick and Linby Willage Hall Detalled Statsment of Flnancial Actmtles for the year endod 31 Decomber 2021 2021 2020 Income and Endowments Govemment grants Job Retentson Scheme COVID 19 support grants National Lottery granl 4,014 18,769 3,235 7.641 12,984 28,018 20,625 othor tradlng athltl•s Hire charges Bar pr(ffit I110s8) Sundry receipts 17,498 1,898 200 8,638 18071 19,596 7,831 InvMtm•nt Incom• Charifuntj income units CAF investment acwnt Hampshiie Trvsl Bank 785 3,541 3,874 3.676 4.328 Total Incomlng Ra8ource8 49.290 32.782 Expendltur• Wages Pension$ Light & heat Waterchargo9 Insurance Cleaning Repairs & renewals Printing, ststKJnery & advert8 Sundries Telephone Waste Depre¢tION ofkitchenwarè & wckery Depreciation ol table5 & chairs Depreciation of otherequipment 15,825 141 4,462 17,305 150 4,877 613 1,150 1,648 1,837 23 785 897 1.309 537 1,029 529 1,477 700 6,018 210 1,933 1,083 1.299 514 89S Total Resources Expended 35.747 32.689 Net IncoTh before gains and loss•s 13,543 93 Rgalised recognised gains and losses Realised gains l{losses) on fixed asset investm 8,297 {10,8061 Net income l (expendlture) 21.840 {10.703) This page does fomi partofthe statLrtory finan¢ial stements P8ge 13