CHEADLE VILLAGE HALL ASSOCIATION DRILL HALL ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025 TUSSIES CHARTERED ACCOUNTANTS THIRTY ONE WILMSLOW ROAD • CHEADLE • CHESHIRE SK8 1DR TEL: 0161 428 1188 • FAX: 0161 428 6612 EMAIL: info@tussies.co.uk • WEB: www.tussies.co.uk CHEADLE VILLAGE HALL ASSOCIATION DRILL HALL LEGAL AND ADMINISTRATIVE INFORMATION Trustees Treasurer Independent examiner Mr Mike Lappin Mr Steven Pullen MBE Mr Paul Harrison Mr N Chandler, ACA 31 Wilmslow Road Cheadle Cheshire UK SK8 1DR CHEADLE VILLAGE HALL ASSOCIATION DRILL HALL CONTENTS Trustees' report Page 1-2 Independent examiner's report 3 Statement of financial activities 4 Statement of financial position 5 Notes to the financial statements 6 - 9 CHEADLE VILLAGE HALL ASSOCIATION DRILL HALL TRUSTEES' REPORT FOR THE YEAR ENDED 5 APRIL 2025 The Trustees present their annual report and financial statements for the year ended 5 April 2025. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the Association's governing document, the Charities Act 2011, FRS 102 "The -inancial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "Accountin and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts i accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)". Objectives and activities Operation of a hall venue for the benefit of local people who wish to use the facilities of a local village hall or part thereof. Income is derived from hourly charges for the rental of the main hall or smaller rooms. These are utilized for various purposes such as club meetings, private events, and exercise groups. The funds raised are used to keep the interior of the hall clean and maintained, provide access to the building for users and to provide equipment seen as beneficial for multiple users and or groups. Public benefit The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the Association should undertake. Achievements and performance Room hire has seen further uptake without the need to raise the rates. Continued improvements have been made to the hall, with special attention to the outside space which has been cleared for use. Investment has also been put into a new floor cleaner/buffer to ensure a good standard of maintenance for the various rooms. Financial review The trustees have inspected and approved the accounts as provided which show an continuing steady income which exceeds the running costs of the venue in the sum of £3.553 and leaves a retained fund of £20,868. It is the policy of the Association that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month's expenditure. The Trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the Association's current activities while consideration is given to ways in which additional funds may be raised. This Structure, governance and management The Association is an unincorporated association. The Trustees who served during the year and up to the date of signature of the financial statements were: Mr Mike Lappin Mr Steven Pullen MBE -1. CHEADLE VILLAGE HALL ASSOCIATION DRILL HALL TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025 The Trustees' report was approved by the Board of Trustees. Mr Mike Lappin 8 December 2025 Mr Steven Pullen MBE - 2- CHEADLE VILLAGE HALL ASSOCIATION DRILL HALL INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CHEADLE VILLAGE HALL ASSOCIATION I report to the Trustees on my examination of the financial statements of Cheadle Village Hall Association (the Association) for the year ended 5 April 2025. Responsibilities and basis of report As the Trustees of the Association you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011. I report in respect of my examination of the Association's financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011. Independent examiner's statement Your attention is drawn to the fact that the charity has prepared the financial statements in accordance with the relevant version of the Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn. I understand that this has been done in order for the financial statements to provide a true and fair view in accordance with UK Generally Accepted Accounting Practice. I have completed my examination. I confirm that no 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 the Association as required by section 130 of the Charities Act 2011. 2 3 the financial statements do not accord with those records; or the financial statements do not comply with the applicable requirements concerning the form and content of financial statements set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the financial statements 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 awn in this report in order to enable a proper understanding of the financial statements to be reached Mr N Chandler, ACA 31 Wilmslow Road Cheadle Cheshire SK8 1DR UK 8 December 2025 - 3- CHEADLE VILLAGE HALL ASSOCIATION DRILL HALL STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 5 APRIL 2025 Income from: Rental Income Investments Total income Expenditure on: Charitable activities Total expenditure Net income and movement in funds Reconciliation of funds: Fund balances at 6 April 2024 Fund balances at 5 April 2025 Notes Unrestricted funds 2025 € 3 4 Unrestricted funds 2024 € 55,694 439 56,133 52,580 52,580 3,553 17,315 20,868 50,221 218 50,439 44,083 44,083 6,356 10,959 17,315 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. - 4- CHEADLE VILLAGE HALL ASSOCIATION DRILL HALL STATEMENT OF FINANCIAL POSITION AS AT 5 APRIL 2025 Notes 2025 2024 € 17,315 € Current assets Cash at bank and in hand Current liabilities Net current assets The funds of the Association Unrestricted funds 7 22,391 (1,523) 20,868 17,315 8 20,868 20,868 17,315 17,315 The financial statements were approved by the Trustees on 8 December 2025 Mr Mike Lappin Mr Steven Pullen MBE - 5- CHEADLE VILLAGE HALL ASSOCIATION DRILL HALL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025 1 Accounting policies Charity information Cheadle Village Hall Association is a unincorporated association. 1.1 Accounting convention he financial statements have been prepared in accordance with the Association's governing document, th harities Act 2011, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Irelan by FRS 102. cash flows. The Association has taken advantage of the provisions in the SORP for charities not to prepare a statement of The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn. The financial statements are prepared in sterling, which is the functional currency of the Association. Monetary amounts in these financial statements are rounded to the nearest f. The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below. 1.2 Going concern At the time of approving the financial statements, the Trustees have a reasonable expectation that the Association has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements. To note, the hall is owned by Stockport Metropolitan Borough Council. The association's right to run the hall upon the negotiation of a previous agreement and has bene allowed to run as a 'aentleman's agreement'. Due to the longevity of the occupancy and running of the hall by the association, the trustees do not believe this creates any going concern issue. 1.3 Charitable funds Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives. Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. Endowment funds are subject to specific conditions by donors that the capital must be maintained by the Association. 1.4 Income Income is recognised when the Association is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once the Association has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. - 6- CHEADLE VILLAGE HALL ASSOCIATION DRILL HALL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025 1 Accounting policies (Continued) Legacies are recognised on receipt or otherwise if the Association has been notified of an impending a cribution, thesetount is known, and receipt is expected. If the amount is not known, the legacy is treated as 1.5 Expenditure support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset's use. 1.6 Cash and cash equivalents Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. Basic financial assets Basic financial assets, which include trade and other receivables and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. Basic financial liabilities Basic financial liabilities, including trade and other payables and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. Derecognition of financial liabilities Financial liabilities are derecognised when the Association's contractual obligations expire or are discharged or cancelled. 1.7 Employee benefits receives of any unused holiday entitlement is recognised in the period in which the employe's services are Termination benefits are recognised immediately as an expense when the Association is demonstrably committed to terminate the employment of an employee or to provide termination benefits. -7. CHEADLE VILLAGE HALL ASSOCIATION DRILL HALL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025 Critical accounting estimates and judgements No accounting estimates were required within the year or prior. 3 Income from investments 4 Interest receivable Expenditure on charitable activities Unrestricted Unrestricted funds funds 2025 € 2024 € 439 218 Direct costs Repairs & Renewals Office Running Costs Caretaker Services Capital Expenditure Sundry Expenditure Insurance Heat & Light Rates Cleaning & Waste Disposal Booking & Office Management Professional Fees Unrestricted Unrestricted expenditure expenditure 2025 € 2024 19,097 3,335 - 15,721 5 Analysis by fund Unrestricted funds Employees The average monthly number of employees during the year was: 52,580 44,083 2025 Number 2024 Number Total There were no employees whose annual remuneration was more than £60,000. -8- CHEADLE VILLAGE HALL ASSOCIATION DRILL HALL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025 6 7 Taxation Current liabilities The charity is exempt from taxation on its activities because all its income is applied for charitable purposes. Trade payables Accruals and deferred income 2025 923 600 1523 2024 : = 8 Unrestricted funds The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes. At 6 April Incoming 2024 resources Resources expended € General funds 17,315 56,133 (52,580) At 5 April 2025 € 20,868 Previous year: General funds At 6 April 2023 € 10,959 Incoming resources 50,439 Resources expended (44,083) Related party transactions Transactions with related parties During the year the Association entered into the following transactions with related parties: At 5 April 2024 17,315 Key management personnel Purchase of services 2025 € 26,078 26,078 2024 22,221 22,221 Within the above purchases of services from key management personnel, are transactions amounting to £26,078, paid to a partnership where Mr Paul Harrison (treasurer of Cheadle Village Association) is a partner. The payments are for services including but not limited to; bookkeeping and general upkeep and maintenance of the hall. No balance was outstanding with the partnership at the year end date. - 9-