Follifoot Willage Hall Annual Report and Accounts Year Ended 31 December 2024 Registered Charity No. 1026219
Follifoot Willage Hall Register Charity 1026219 TRUSTEES REPORT FOR THE YEAR TO 31 DECEMBER 2024 Mary Selka Anne Dewsnip N¥Jel MacDermid Julie Ingle Sally Keenan Keith ThaTby Structure, Governance and Management The Charty was established by a Declaration of Twst dated 18 December 1970 as amended in 2023 under Section 280 Charities Act 2011. The charrty run by a Board of Trustees repSents'ng various activities within the village of Follifcot wrth Plornpton.The financial records and assets of the Trust a controlled by the Village Hall Tieasurer who reports to the Trustees. Tho existing Treasurer Rithard Snorall is retiriNJ after 5 years in KM)St and is being p1j by Philip Chetcuti. handover has effected after complthn d 2024 Annual Accounts. Objectives and Activities The Village Hall provths a f(yxl pornt for the village of Follrfcx)t arKI is availa>le for hire to residents and non residents of the village for events. Afkjibonally the Hall is uwl as a resource by the lo(*l school for many of ivs daity actsvitses. Investsnent Policy The Trustees recognise the to have enough resources so that the wlage Hall can continue to function effectsvely in the future. To cater for majoi items of expenditure the Trustees plan for an ongoing surplus of income over expenditilre and hokl this surplus acc¢yding to the polio/ below. Scope: This polw applies to all Willage Hall funds except those required for ongoing day to day and month management of activitles. Risk.. The level of acceptable risk shall be minimal. This means we invest where finCial servw a closety regulated, where compensation schemes are in pkn wilh a suitabty d1vwSrfd investrnent portfolio and to make any speculatFve forms of investrnent
Application: In the first instance, funds shall hekl in an interest bwirKJ bank or buikling sxiety dekThit account In the second instan. when there is an excess of funds in the depogt ac(JJunt such that they ar8 unlikety to bo requir1 in a three to five year wiod. funds shall be invested in UK government ix)nd¥. Preservation of Wdlue: Investrnents are intended to hekl for tre Iw temi with income andlor irldex linking able to offset any loss in value through inflation as far as poss•ble. During 2024 a review of the Treasury Stock 2030 was undertaken arKI rt was fett that the nature this finla1 instrument was trx) c(xYplex for the needs of the village hall. particularly in view of fluthatiTr3 value. The Treasury st(k has now been disposed of at a profft of £1209 u)mpared with original wuisition wi. The pr(wls have been bdged in the Skipton BuildirvJ Soaety COUnt held by the Village Hall. Disposal: Investrnents must be readity marketable. Review". The nvestrnent policy shall be reviewed annually. Achievement and Performance The Trustees are aware of the need to ensure that the Village Hall premises are maintained in good CditIon ftjr hite and in partiGukr that all risk asseSsMts have been undertaken and are kepi up to date. Assessment details are shown on Ihe Village Hall véebsite alongside tx)oking terms. The Trustees arrarwJe for extemal inspections and reports on fire precautions. Legionella disease etc. An asbestos suNey was also undertth during 2024. Financial Review Reduction in heating and luhting costs have saved around £1800 in 2024 and prices have again been fixed for the coming year. The Village Hall was well used during the year and hire income was around the same level as 2023. Hall repairs and r6novatiMs included £4150 of fencing around the property, but as reported last year a grant of £1000 was r1V1 from North yorks're Council trdS this. The Twstees continue to undertake a full energy audrt of the premr8es and hope to futureproof the heating and Ihting requirements of the Hall. An asbestos survey was undertaken during 2024 as part of this Exduding the disposal prrKeeds of the Treasury Stock. the Village Hall was able to generate a sU1S of £6534 for the year. The Trustees decth that they have approved the Report above on 16 January 2025 Signed on Behalf of the Trustees By... Anne Dew3nip Chair of TteeS
Follifoot Village Hall Regt8tered Charity 1(Y2V219 RECEIPTS AND PAYMENTS ACCOUNT YEAR ENDING 31112r2024 Unreslrthd Restrthd Total Funds FurKts Funds 31112r23 Total Funds RECEIPTS from Charitable Athttios Sch1 Village Non Village 15,000 2,727 7.0( 24,733 15,000 2,727 14,772 1,738 7, 790 24.300 1,713 1,000 806 Restricted R61P..B0oklng Deposits Restricted R{Pts..COunl Grant Investrnents.. Interest recerved Proceeds on Disposal Treasury Stock Total Receipts 24.733 1,210 1210 1,669 13.166 39,568 1,669 13,166 40.778 1.210 27,819 PAYMENTS for Charitable Activities Council Tax. UtilitFes & Intemet (note2) Hall Repai[5 & maintenan {nots3) Grounds MainterHn Insurance and Legal (note 4) Performing RKJhts Licences Sundry Inoie 5) 5,407 11.266 1,125 1.280 111 439 19,628 5,407 11.266 1,125 1.280 111 439 19,628 7,108 6,346 695 3,237 95 146 17,627 Other payments Payments from Restricted Funds.. Deposits Total Payments 1.450 1.450 1.450 21.078 1.709 19.336 19,628 SURPLUSIDEFICIT from Charitable Activ 19,940 -24C 19,700 8,483 Bequest to Ifillage Hall 25,491 Transfer tol(from) reserves 19.940 (240) 19.700 33,974 Cash Funds 31 Drnber 2023 Cash Funds 31 December 2024 57,331 77.271 1,450 1,210 58,781 78.481 24,807 58, 781
Follifoot Willage Hall Reg&l Cl• 11)26219 8TATEhEKf OF A8SEf8 AND UABIUTIES AT 31 DECEMBER 2024 2023 FuTrJs Cash Funds 15.444 62,827 78.271 210 1S,654 62.827 78.481 Buikling So Total cash funds 22. 187 36,594 58, 781 210 InbwtsrnntAssets £3.8CKI 4%% Treasury Stod(2J0 (net proceeds on sale during 2024 £13166) 11,957 Hall Premises Equipn 133.613 133.613 133,613 Total Assets 211,884 210 212,094 204,351 LiabHille8 Counc31 Grant for IEdges arKI fentyr¥J 210 210 210 210 Total Llabllilios 1,4 211.884 211.884 202,901 Slgned on behalf of all Tnth 16 January 2025 Anne Dewsnip Richard Snoxall Treasurer
Follifoot Village Hall Registe1 Charty 1028219 RECEIFfs AND PAYMENTS ACCOUNT 1 Accou Policies The accounts have prepared on a receipts and payments basis and comply with Statement of Recommended Practice issued by the Charitiy Commission. Receipts are brought into account when cash is receiv. Payments are accounted for at the time of payment. Deposits received for futu bookings are held within Restricted Funds as these are not available for use by the Village Hall. 2 Council Tax Phones and Utilities 2024 2023 Gas Electricty Intemet Water Rates Council Tax 2479 1488 813 528 99 3603 2181 651 563 110 3 Hall Maintenance 2024 2023 Contract Cleaning Hall Repainting and Curtains HBC Waste Removal New Storage for Chairs New Fencing New Lighting Fire Aann and Extinguisher checks Heating Repairs and Servicing Other Costs 4651 4067 600 210 229 299 4150 653 174 365 745 338 414 717 £11266 4 Insurance and L al Costs 2024 2023 Insurance Premium Legal fees Constitution 1280 1036 2,201 The building is insured for £689,169 and contents £32838 ( includng Bowls Club £3699 and the embromlered wall hanging £1850) Public Lbty cover is £5 mdlK>n and this agreement runs to November 2027. 5 Sund Ex 2024 2023 Other New Christmas Tree 301 138 £439 146 £146
Follifoot Village Hall Registered Charity 1026219 Independent Examiner's Report Year Ended 31 December 2024 I report to the trustees on my examination of the attached accounts and notes for the year ended 31 December 2024 Responsibilities and Basis of Report As the charty Trustees , you are responsible for the preparation of the accounts in accordan with the requirements of the Charities Act 2011 ( "the Act"). I report in respect of my examination of the Charty's accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. Independent Examinerfs Statement I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that, in any material respect" accounting records were not kept in accordan with section 130 of the Act or the accounts do not accord with the accounting records I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached. J.L.*14 Jennrfer Atkins Independent Examiner Dated 21 January 2025