1. Chairman’s Report
2024 has proved to be another challenging year for the Hub, not least with a continued increase in our running costs. The committee has also undergone several changes, with trustees joining, leaving and, in some cases, rejoining. I would like to thank everyone who has contributed so much to the running of The Hub, often spending a great deal of their valuable time in organising events, attending meetings and, in the case of Andrew Dawes, doing numerous odd jobs around the place.
As well as the regular users of The Hub, to whom we owe a great deal for their continued use of our facilities and the services they provide to the village, we have also undertaken our own fundraising activities, these include a very successful art fair and a beetle drive. I would like to pay a big thank you to all those who have contributed to these events. During the coming year, we hope to do several other such activities.
Obviously, the main achievement has been the construction of the library extension and entrance hall. I am sure that you will agree that this will only enhance the building and we look forward to the library actually moving into the space later this year and, to joining formally with the library in the future.
There is still much to be done, and over the coming year, we will be raising funds to enable us to do the rest of the work that will ensure that we can provide our village with the facilities it deserves.
The trustees would like to go on record in thanking the continued hard work and dedication of our paid staff; Kelly Knibbs, Alison Gibbins and Ryan Greer who often go above and beyond the call of duty to ensure the hall functions at its best.
KIBWORTH GRAMMAR SCHOOL HALL
Charity No 1044822 BALANCE SHEET - 31st DECEMBER 2024
| 2024 TOTAL Notes £ FIXED ASSETS Furniture and equipment 6 8,741 CURRENT ASSETS Cash at bank and in hand 40,072 Debtors 4 1,319 41,391 CREDITORS Amounts falling due within one year 5 4,474 NET CURRENT ASSETS 36,917 NET ASSETS 45,658 FUNDS OF THE CHARITY Unrestricted funds 26,352 Restricted funds 19,306 45,658 Approved by the Trustees on ………………………………………………. ……………………………………………….. Mr M Wyburn - Chairperson Ms L Williams - Treasurer |
2023 TOTAL £ 6,816 27,961 2,061 30,022 2,335 27,687 34,503 30,454 4,049 34,503 |
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The notes on pages 2 to 4 form part of these accounts.
Page 1
KIBWORTH GRAMMAR SCHOOL HALL
Charity No 1044822
NOTES TO THE ACCOUNTS - 31st DECEMBER 2024
1 Accounting policies
- (a) Basis of accounting
These accounts have been prepared on an accruals basis.
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(b) Recognition of incoming resources. (i) Booking fee income is included when receivable (ii) Grants and donations are only included in the SOFA when the charity has unconditional entitlement to the resouces.
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2 Analysis of incoming resources
| 2 3 |
Analysis of incoming resources (a) Voluntary income Donations (b) Activities for generating funds Event income Booking fees (c) Grants received Restricted grants Other (unrestricted) (d) Investment income Interest received Analysis of resources expended Governance costs (a) Administration Insurance Telephones Refuse collection Postage and stationery Cleaning materials Licences Professional Fees Advertising Refreshments Computer expenses Pest Control Rent Sundries Bank charges Community event grants Event costs |
2024 £ 1,303 783 37,717 38,500 23,150 - 23,150 423 3,227 1,662 690 281 997 634 3,394 - 24 629 480 5 46 7 - 3,349 15,425 |
2023 £ 297 - 35,496 35,496 439 - 439 234 2,985 1,335 921 507 979 334 1,060 100 19 484 480 5 245 178 481 - 10,113 |
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Page 2
KIBWORTH GRAMMAR SCHOOL HALL
Charity No 1044822 NOTES TO THE ACCOUNTS (continued) - 31st DECEMBER 2024
| 4 | (b) Employment costs Salaries Pension Costs (c) Utilities and Water Utilities Water (d) Equipment and Repairs Repairs and maintenance (e) Depreciation Total governance costs Debtors Amounts due from hirers Prepayments |
2024 £ 19,846 436 20,282 11,028 700 11,728 1,584 1,584 3,202 52,221 844 475 1,319 |
2023 £ 19,076 397 19,473 9,601 521 10,122 1,291 1,291 893 41,892 1,943 118 2,061 |
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Page 3
KIBWORTH GRAMMAR SCHOOL HALL
Charity No 1044822 NOTES TO THE ACCOUNTS (continued) - 31st DECEMBER 2024
==> picture [454 x 241] intentionally omitted <==
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2024 2023
£ £
5 Creditors - Amounts falling due within one year
Trade creditors 664 336
Deferred income 428 330
Taxation and social security 479 -
Accruals 2,903 1,669
4,474 2,335
6 Fixed Assets Computer Equipment TOTAL
Net Book Value at 31 December 2023 - 6,816 6,816
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Additions in year 5,127 5,127
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Depreciation charge 3,202 3,202
Net Book Value at 31 December 2024 - 8,741 8,741
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7 Transactions with trustees
During the year the following expenses were re-imbursed:
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£131 (2023 - £232) to Mr M Wyburn
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£39 (2023 - £94) to Mr A Dawes
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(2023 - £481) to Mrs G Hulley
Page 4
Independent Examiner's Report
to the trustees of the Kibworth Grammar School Hall
I report to the trustees on my examination of the accounts of the above charity (''the Trust'') for the year ended 31 December 2024, which are set out on pages 1 to 4.
Responsiblities and basis of report
As the charity's trustees, 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 Trust'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 which gives me cause to believe that in, any material respect:
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the accounting records were not kept in accordance with section 130 of the Charities Act; or
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the accounts did not accord with the accounting records; or
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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 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.
Signed
Peter Anderson Ireland & Company Limited 2 Nursery Court Kibworth Harcourt Leicester LE8 0EX Date:
Page 5
KIBWORTH GRAMMAR SCHOOL HALL
Charity No 1044822
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31st DECEMBER 2024
| Notes INCOMING RESOURSES Voluntary income 2(a) Activities for generating Funds 2(b) Grants received 2( c) Investment income 2(d) Total incoming resources RESOURCES EXPENDED Cost of generating funds Governance costs 3 Net income / (expenditure) Transfer between funds Net movement in funds Total funds brought forward Total funds carried forward |
Restricted Unrestricted 2024 2023 Funds Funds TOTAL TOTAL £ £ £ £ - 1,303 1,303 297 - 38,500 38,500 35,496 23,150 - 23,150 439 - 423 423 234 23,150 40,226 63,376 36,466 2,766 49,455 52,221 41,892 20,384 (9,229) 11,155 (5,426) (5,127) 5,127 - - 15,257 (4,102) 11,155 (5,426) 4,049 30,454 34,503 39,929 19,306 26,352 45,658 34,503 |
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The notes on pages 2 to 4 form part of these accounts
Page 6
Independent Examiner's Report to the trustees of the Kibworth Grammar School Hall
I report to the trustees on my examination of the accounts of the above charity (''the Trust'') for the year ended 31 December 2024, which are set out on pages 1 to 4.
Responsiblities and basis of report
As the charity's trustees, 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 Trust'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 which gives me cause to believe that in, any material respect:
-
the accounting records were not kept in accordance with section 130 of the Charities Act; or
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the accounts did not accord with the accounting records; or
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the accounts did not comply with the applicable requirements concerning the
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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.
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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. Signed
Peter Anderson
Ireland & Company Limited 2 Nursery Court Kibworth Harcourt Leicester LE8 0EX
Date: