Registered Charity Number: 1014361 Papplewick and Linby Village Hall Report of the Trustees and Unaudited Financial Statements for the year ended 31 December 2024
Papplem-ck and Linby Village Hall Contents of the Financial Statements For the year ended 31 December 2024 Page Report of the Trustees Independent Examinevs Report Statem8nt of Financial Activities Statement of Financial Position Notes to the Financial Statements 6t012 Detailed Statement of Financial Activities 13
Papplewick and Linby Village Hall Report of the Trustees for the year ended 31 December 2024 The trustees present their annual report and financial statements of the charity for the year ended 31 st December 2024. The financial statements have been prepared in accordance with the second edition of the Charities Statement of Recommended Practice issued in October 2019, the Financial Reporting Stsndard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011, as amended by the Charities Act 2022 The trust constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared under the historical cost convention wilh items recognised at cost or transaction value unless otheNise stated in the relevant nole(5) to these accounts. Objectives and Activities The object of the charity is the provlslon and maintenance of a village hall and l or recreation ground for use by the inhabitant8 of the area of benefit wlthout distinction of political, religious, or other opinions, Including use for meetings, lectures and classes and other forms of recreation and leisure tlme occupation with the object of Improving the condbts'ons of lrfe for the inhabitants. The tru8tees confirm that they have complied wlth the requirements of Section 4 of the Charities Act 2011 to have due regard lo the public benefit guidance published by the Charlty Commlssion for England and Wales. Achlevements and Performance 2024 continued to be a busy year for regular hirers, wedding events. parties, and providing the pre-school group with preml8es to provlde a valuable serviGe to the parents and children in the area. Rising Gosts again thi8 year, together with significant outlays on 8 new gas boiler for the Hall and ongoing repairs required to ensure the Hall remains viable as an attractive venue for both regular and one-off hirers, have again impacted on the results for the year. The annual Bonflre Night event, which was cancelled In 2023, went ahead thls year, and vms very Successful , providing an income of £2,770 In 2024. The chanty continues to provide a vitsl amenity for the local community for meetlngs, recreation, and social activities. Flnancial Reviow At the end of the period, the charity held total funds of £441,290 (2023 £440,979). All funds held are unrestricted, { 2023 '. all fund8 held were unreslricted}. During the year, income exceeded expenditure by £311 {2023.' expenditure exceeded income by £245). Further details of the financial performance for the year can be found In the financial statements bèlow. The charity's Hampshire Trust Bank two-year bond ended in November 2024. £70,000 was reinvested In a one year bond, which is due to mature In 2025. The remaining balance was returned to the charty'3 HSBC Bank current account. It is the charity's and trustees, policy to maintain reserves at a level it considers necessary to meet future cash Ilow requirements. The financial statements have been prepared on the going concern basis. The trustees a satisfied that the charity has sufficient cash flows to meet rts liabilities as they fall due for at least one year from the date of approval of the financial statements. Page I
Papplewick and Linby Vlllage Hall Report of the Trustees for the year ended 31 December 2024 (Cont'd) Structure. Governance and Management The Trust is a registered charity, number 1014361. and is consts'tuted under a Conveyance dated 18 June 1929, as amended by an Altering Scheme dated 6 May 1999. The Trust has four trustees, who must hold the property belonging to the charity. The trustees may hold office for life. Any appointment of a trustee must be made by the remaining trustees in consultation wrth the charity trustees and the appointment reported to a meeting of the charity trustees. The management committee includes five &x-officio members (the above four trustees, plus a president if appointed), six elected members (Chairman, Secretary, TreaSUr, plus three others), and one appointed member for each of the organisations listed in the above Altering Scheme). The members of the committee are the charity trustee8 of the charity, Reference and Administrative Details Trustees, holdlng the property belonglng to the charlty Mr l Griffiths Mrs C Hardstaff Mrs C Spencer Mr K Tunstall Charlty Trustees, members of the management commlttee P Kanikowski Rev T Raaff C Hesketh W Lewis J Stevenson Prfnclpal addre88 17 Linby Lane Papplewick Nottinghamshire NG15 8FB Registered charlty number 1014361 Independent examiner Mrs Lesley Mills ACA Approved by order of the board of trustees on 09 40ri12024 and signed on its behalf by: Mr l Griffiths - Trus Page 2
Independent Examiner's Report to the Trustees of Papplewick and Linby Village Hall Independent Examinef s Report to the Trustees of Papplewick and Linby Village Hall I report to the truslees on my examination of the accounts of the above charity, Papplewlck and Linby Village Hall (the Trust} for the year ended 31 December 2024. The scope of my examination includes the accounting records of Papplewick and Linby Village Hall (The Trust). The independent entity operating as Wright's Bar is outside the scope of my examination. The proflt share and stock valuation attributable to the Trust has been confirmed by the proprietor, Darren Wright. It is the responsibilrty of the Trustees to ensure they have appropriate financial Controls in place to ensure the managernent of this arrangement, given the nature of the cash business, Responsibllities and basis of report AS the charity trustees, you are responslble for the preparation of the accounts in accordance with the requirements ofthe Charities Act 2011 ('the Act,), as amended by the Charities Act 2022 I report in respect of my examination of the Trust's accounts carried out under sectlon 145 of the 2011 Act and in carying out my examination I have followed all the appllcable Directions given by the Charity Commission under section 145(5)(bl of the Act. Independent examlner's 3tatement I have completed my examination l Confirm that no material matters have come to my attentlon In connectlon with the examination which give me cause to belleve that in any material respecl. the accounting records were not kept in accordance with section 130 of the Charities Act,, or the accounts dld nol accord with those records., or the accounts did 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 accounls give a true and fair view which 1$ not a matter considered as part of an independent examinalion. I have no concerns and have come across no other matters in connection wSth the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Lesley Mills ACA fc .4 Date Avonholme Blidworth Waye Papplewick Nottingham NG15 8GB Pagc 3
Papplewick and Linby Village Hall ststement of Financial Activities for the year ended 31 December 2024 Unrestrlcted Restricted Funds Funds Total Funds Total Funds 2024 2024 2024 2023 Notes Income and Endowments From Grants recelved 3,962 51,336 3,515 3,962 51,338 3,515 1,785 44,638 3,357 Other trading activities Investment income Total 58,813 58,813 49,780 Expenditure on Other 58,502 58,502 50,025 Total 311 311 (245) Net gains on investments Net income l (expenditure) 311 311 {245) Reconciliatlon of funds Total fund8 brought forward 440,979 440,979 441.224 Total funds carried forward 441,290 441,290 440,979 Page 4
Papplewick and Linby Village Hall Statement of Financial Position at 31 December 2024 Unrestricted Restricted Funds Funds Total Funds Total Funds 2024 2024 2024 2023 Notes Fixed Assets Tangible Assets Investment Assets 321,421 70,000 321,421 70,000 303,572 80,882 Total Fixed Assets 391,421 391,421 384,454 Current Assets Debtors due within one year Debtors due after one year Cash at bank and in hand 8,494 8,494 13,519 1,865 49,281 53.181 53,181 61,675 61,875 64,465 Creditors Amounts falling due within one year 10 (11.8061 111.806) (7.940) Net Current Assets 49,869 49,869 56,525 Total Assets Less Curr8nt Liabilities 441,290 441,290 440,979 Net Assets 441,290 441,290 440,979 Fund8 Restncted fund8 11 Unrestricted funds 441,290 441,290 440,979 Totsl funds 441,290 441,290 The notes on pages 6 to 12 fomi part of these accounts. The financial statements were approved by the Board of Trustees on 09 April 2025 and were signed on its beha by., MrlGri rustee Mrscsp cer- Trustee Mrs C Hardstaff - Trustee Mr K Tunstall - Trustee Page 5
Papplewick and Linby Village Hall Notes to the Financial Ststements for the Year Ended 31 December 2024 Accounting Policies Ba318 of pr8parlng the financial statements and assessmènt of going concern The financial statements have been Prepared in accordance wrth the second edilion of the Charities Statement of Recommended Practice issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS 102) and the Charrties Act 2011,as amended by the Charities Act 2022. The financial statements have been prepared under the historical cost convention, except for investments which are included at market value, as modified by the revaluation of certain assets. The trustees consider that there are no material uncertainties about the Trust's ability to continue as going concern. Incomo rocognltion All income Is recognised in the Statement of Flnancial Acllvltles once the Charity has entitlement to the funds, it is probable thatthe incomewlll be received, and the amount can be meagured reliably. Expendlture rocognltlon Liabilitie8 are recognised as expenditure as soon as there is a legal or constructive obligatlon commlth'ng the charity to that expendilure, it is probable that a transfer of economlc benefits wlll be required in 3elllement and the amount of the obligation can be measured reliably. Expendlture is accounted for on an accruals basis and has been classlfled under headlngs that aggregate all costs related to the category Where costs cannot be directly attributed to partlcular headlngs, they have been allocated to activities on a basis consistent wllh the use of resource8. Tanglblg fixed a38et8 Depreciation is provided at the followlng annual rates in order lo write off each asset over It8 esllmated useful life. Kltchenware & crockery Chairs & tables Office equipment Other equipment 200h on cost 12.5% on cost 250/0 on cosl 20DA. 100k, and 50h on cost Taxatlon The charity is exempt from tax on its charitable actlvlties. Fund accountlng Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular reslricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. Pension costs and other post-retirement benef The charity operates a defined contribution pension scheme. Contribulions payable to the ¢harty'3 pension scheme are charged to the Ststement of Financial Activities in the period to which they relate. Page 6
Papplewick and Linby Village Hall Notes to the Financial Statements for the Year Ended 310ecember 2024 (cont'd) Grants Received 2024 2023 Government grants Other grants 1,785 3,962 3,962 1,785 Other Tradlng Actlvltles 2024 2023 Hire charge8 Share of bar proflts Share of Bonfire and Fireworks event proflts Fundraiser Sundry Receipts (Donation) 41,997 5,527 2,770 42 37.393 6,452 793 1,000 51,336 44,638 Investment Income 2024 2023 Hampshlre Trust Bank Bond 3,515 3,515 3,357 3,357 Trustees, Remuneratlon and Benofits The were no tru5tees' remuneration or other beneflts for the year ended 31 December 2024 nor for the year ended 31 December 2023. Trustees, expenses There were no trustees, expenses paid for the year ended 31 December 2024 nor for the year ended 31 December 2023. Pagc 7
Papplewick and Linby Village Hall Notes to the Financial Statements for the Year Ended 31 December 2024 (cont'd) Staff Costs 2024 2023 Wages and salaries Other pension Costs 22,797 287 20,484 243 23,084 The key management personnel during 2024 was Mrs S Slack, whose gross salary forthe yearwa8 £15,817.77, The average monthly number of employees during the year wa$ as follows.. 2024 2023 Admlni8tration Cleaner No employees recelved emoluments in excess of £60,000. Page 8
Papplewick and Linby Vlllage Hall Notes to the Financial Statements for the Year Ended 31 December 2024 (cont'd) Tangfble Fixed Assets Kttchenware and Crockery Chairs and Tables Hall Building Cost At 1 January 2024 Additions Disposals At 31 December 2024 271,229 28,258 19,576 13191 27.939 271,229 19,576 Depreclatlon At 1 January 2024 Disposals Charge for the year 23,458 (319) 980 18.856 549 At 31 December 2024 24,099 19,405 Net Book Value At 31 December 2024 271,229 3,840 171 At 31 December 2023 271,229 4,800 720 Office Equipment Other Equlpmenl TOTAL Cost At 1 January 2024 Additions Disposals At 31 December 2024 2,009 62,082 22,528 383,154 22,528 13191 405,363 84,610 Depreciatlon At 1 January 2024 Disposals Charge for the year 2,009 35,259 79,582 1319> 4,679 3,170 At 31 December 2024 2,009 38,429 83.942 Net Book Value At 31 December 2024 46,181 321,421 At 31 December 2023 26,823 303,572 The hall bullding is included at cost. The Charity also owns the freehold of the land on which the hall has been built, the value of which is not included within the accounts. The Trustee5 do not believe that the cost of obtaining a valuation of these assets would be of any benefit. Other fixed assets are inGluded at cost and are depreciated over their useful Itves at rates shown. Pagye 9
Papplewick and Linby Village Hall Notes to the Financial Statements for the Year Ended 31 December 2024 (cont'd) Fixed Asset Investments Fixed Term Bond Total Investments Market Value At 1 January 2024 Income reinvested Amount transferred to bank current account At 31 December 2024 80,882 6,872 117,754) 70,000 80,882 6,872 (17,754> 70,000 Net Book Value At 31 December 2024 70,000 70,000 At 31 December 2023 80,882 80.882 There were no investment assets outside the UK. Any inveslments quoted on a recognised stock exchange are valued at market value at the year end. Other Investment assets 8re included at the Trustees, best estlmate of market value. Debtor8 2024 2023 Amounts falling due wrthin one year: Trade debtors Other debtors 6,348 1,665 8,268 847 Interest receivable Prepayments 3,357 1,047 13,519 481 Amounts falllng due after one year.. Other debtors 1,665 1,665 Included in Dther debtors are amounts due in respect of a loan made to D Wright to enable the purchase of bar equipment and initial stocks for the operation of the bar in the Village Hall. The amount due within one year is £1,66512023'. £833), and due after one year is Nil (2023. £1.665). Page 10
Papplewick and Linby Village Hall Notes to the Financial Statements for the Year Ended 31 December 2024 (cont'd) 10. Credltors: Amounts falllng due wlthln one year 2024 2023 Deposits held Accruals 6,370 1.326 4,110 11,806 5,838 2,102 other credltors 7,940 11. Analys1$ of Charitable Funds Analysis of lund At 1 Jan 2024 movements Incomlng resources Resources expended Gains l (losses> At 31 Dec 2024 Restricted funds Unrestricted funds 440,979 58,813 (58,502) 441,290 Total fund8 440,979 58,813 {58,502) 441,290 Analysis of Charltable Funds - Prevlous Year Analysis of fund At 1 Jan 2023 movements Incoming resource8 Resources expended Gains l (losses) At 31 Dec 2023 Restricted funds Unrestricted funds 441,224 49,780 150,025) 440,979 Totsl funds 441,224 49,780 (50,025) 440,979 Pagvll
Papplewick and Linby Village Hall Notes to the Financial Statements for the Year Ended 31 December 2024 (cont'd 12. Relatsd party disclosures There were no related party transactions for the year ended 31 December 2024.{2023: Nil) 13. Grant from Countryslde Agency The contribution received in earlier years towards the cost of the building the hall stipulates that the hall must not be sold without prior consent of the Agency and on such sale, or cessation of u$e by the community, a proportion of the marketvalue of the hall must be returned to the Agency. 14. Volunteer h8lp The value of any volunteer help Is not included in the accounts, Fees for the examlnation of the accounts No fees have been incurred in respect of the examination of these accounts.12023.- Nil) Page 12
Papplewick and Llnby Village Hall Detsiled Statement of Financial Activities for the year ended 31 December 2024 2024 2023 Income and Endowments Government grants Grants re new gas boiler (ACRE l The Gray Trust) Cost of Living Community Grant { Notts County Council) 3,962 1,785 3,962 1,785 othor tradlng actlvltlos Hire charges Bar profit Bonfire and Fireworks event Fundraiser Sundry receipts (Donation) 41,997 5,527 2,770 42 1,000 37,393 6,452 793 51,336 44,638 Investment Income Hampshire Trust Bank 3.515 3,357 3,515 3,357 Totsl Incoming Resource8 58,813 49,780 Expendlture Wages Pensions Light & heal Water charges Insurance Cleaning Repairs & renewals Printing, stationery & adverts Sundries Telephone Waste Depreciatlon of kitchenware & crockery Depreciation of tables & chairs Depreciation of otherequipment Total Resources Expended 22,797 287 11,477 840 1,708 1,807 7,854 441 2,553 1,445 2,614 960 549 3,170 58,502 20,484 243 13,510 829 1,872 2,053 1,994 547 1,237 1,348 2,270 960 549 2,329 50,025 Net incomè I lexpendSture) before gains and losses 311 (245) Realised recognlsed gains and losses Realised gains on fixed asset Investments Net Income l {expendlture) 311 (245) This page does not form part of the statutory financial statements, P<i8e 13