DERRY HILL AND STUDLEY VILLAGE HALL TRUST TRUSTEES, REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024
DERRY HILL AND STUDLEY VILLAGE HALL TRUST TRUSTEES, REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 DE EMBER 2 CONTEN Trustees, Report Independent Examiner's Report Statrment of Financial Attivities Balance Sheet Notes to the Accounts
DERRY HILL AND STUDLEY VILLAGE HALL TRUST TRUSTEES, REPORT F R THE YEAR ENDED 31 DECEMBER 2024 The Trus*es present their report and accounts for the year ended 31 December 2024. The accounts have been prepared in accordance with the accountin8 policies set out in note I to the accounts and comply with the Deed of Trus¢ the Charities Att 201 l and the Statement of Recommended Practice"Accounting and Reporting by Charities". effective January 2015. Objective5 and activities The objective of the Trux is to provide a village hall and recreation area for the use of the inhabitants of Derry Hill. Studley and Sandy Lane. The trustees confimi that they have referred to the Charity Cornmis5ion's general guidance on public benefit when reviewing aims and objectives, and in planning future aciiviiies. Achievements and Performance 2024 has been. financially. a go¢ year for the Hall resulting in our highest income tn dats for income from lettings. This mainly achieved from the doubling of casual lettings and with Rub A Dub extending their opening hours to include the welcomed addition of after school artiviue& Having spent heavily on kntchen improvements last year. together with excessive maintenance and repair cosL it was essential this year that these costs were kept to a minimum. This was achieved with muth reduced repair and maintenance costs to the en¢ that the Hall's cash surplus for the year was in the region of £ I 1.000. Such a surplus puts the Hall in a good position going into next year as we starc to feel the full brunt of gas and electricity increase5 and the need to updats our hea¢ing systsm together with other mairtenance tasks assoaated with the Hall's ageing condition. 2025 starts in a sound POSiEion and will be a challenging year but lettings levels are likely to remain consistent so hopthlly the Hall can rise to any challenge that might occur. Finandal Rèview The accompanying accounts reveal the income and expenditure relating to the running of the hall. The trustees believe that the major risks to which the charity is exposed have been identified and that systems have been established to miogaee those risks. Structure. governance and management The Derry Hill and Studley Village Hall Trust is a rewstered charity and constituted by a Deed of Trust dated 9 June 1998. The ¢ru5tees during the year were: Nick Roberts- Chairman Alan Rosekilly- Secretary Keith Treslove- Treasurer Stephen Cave Ed Jones Marcus Lee Richard French David Sandberg Trustees (to a maximum of13) can be appointed at 5Fla1 meetin and be re-elerted at Subsequent annual zeneral meetings. Reference and Administrative Detsils Chancy number. 5070413 Re8iStered address: The Lansdowne Hall, Pw Lane Derry Hill. Calne. Wiltshir4 SN I19QY By order of the trustees Alan Rosekilly (Secrew) 24 April 2025
DERRY HILL AND STUDLEY VILLAGE HALL TRUST INDEPENDENT EXAMINER'S REPORT I report on the accounts for the year ended 31 December 2024. which are set out on pages 3 to 7. Respective Responsibilities of Trustees and Examiner The charity's trustees are responsible for the preparaoon of the accounts. The charl$ trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 {the 2011 Act) and that an independent examination is required. l am qualified to undertake the examination by bein8 a qualified member of the Insotute of Chartered Accountants in En813nd and Wales. Having satis*ed myself that the chaiity is not subjett to audit and is digible for independent examination. it is my responsibility to: examine the accounts under section 145 of the 201 I A to follow the procedure5 laid down in the general Direttions given by the Charity Commission under 5eaion 145 of the 2011 kn. and to state whether particular matters have come to my a¢tiOn. Basis of Independent Examinerfs Report My examination was carried out in accordance with the general Direttions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual item5 or disclosures in the accoun and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evsdence that would be required in an audiL and ConseqndY no opinion is given as to whether the accounts present a 'true and fair viev/ and the report is limited tt) those matters set out in the statement below. Independent examiner's statement Your atcention is drawn to the fatt that the tharity has pryed the accounts in accordance with Accounting and Reporring by Charities preparing their acc¢)unts in accordance with the Financial Reporting Srandard 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 l April 2005 which is referred to in the tant regulations buc has been withdrdV4m. l understand that this has done in order for the accounts to provide a true and fair view in accordance with Generally Accepted Accounting Practi effective for repor¢ing periods beginning on or after I January 2015. In connection with my examination. no matter has come to my attention: whith gives me reasonable cause to believe that in any material respect the requirements: to keep accounting records in accordance with Sec(ion 130 of the A¢ and to Ppare accounts which accord with accountyng records and comply with the accounong requirements of the 201 l Act have rK>t been mel or to which, in my opinion, attention should be drdwn in order to enable a pr¢)per under5randing of the accounts to be reached. Mithael Buckland FCA DChA On behalf of: David Owen & Co Chartered Accountants and Registered Auditors 17 The Market Place Wiltshire SNIO IHT 24 April 2025 Page 2
DERRY HILL AND STUDLEY VILLAGE HALL TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024 Unrestricted Restricted Funds Funds 2024 Total 2023 Total Note Income and Expendlturo Income Donations, legacies and grants Other trading activities 478 100 578 3,101 Fundraising Feed in Tariff Interest Dividends Income from charitable activitii- Lettings Total Income 784 776 Income from investments 704 51.101 53.067 704 51,101 53,167 623 41,560 46.060 100 Expenditure Expenditure on raising funds Expenditure on charitable activities: Wages Staff pension - defined contribution scheme Insurances Light, heal and water Repairs and maintenance Cleaning and hygiene Telephone Miscellaneous Bank charges Depreciation FA Additional projects 11,976 590 1,582 5.954 10.965 9.034 522 1,059 11,976 590 1,582 5,954 10,965 9,034 522 1,059 11,299 552 1.400 4,981 17,863 9,242 614 672 9,711 9,711 9,610 51.393 51,393 56.236 Net {gainsylosses on investments (368) (368) 206 Total Expenditure 51.025 51,025 56.442 Net incom61{exp6nditure) 2,042 100 2,142 (10.381) Transfers between funds 100 {100) Net movement In funds 2,142 2,142 (10.381) Total funds brought forward 257,444 257,444 267,825 Total funds Carrled forward 259.586 259,586 257,444 Page 3
DERRY HILL AND STUDLEY VILLAGE HALL TR BALANCE SHEET AS AT 31 DECEMBER 2024 2024 2023 FIXED ASSETS Tanglble Fixèd Assets Investm8nts 209,435 12,972 218.642 11.900 222,407 230,542 CURRENT ASSETS Debtors and Prepayments Bank A¢Unts 1,714 37,138 3.557 25.307 38,852 28.864 LESS CURRENT LIABIUTIES: paydblo within 1 aT Creditor6 1.673 1.962 NET CURRENT ASSETS 37,179 26,902 NET ASSETS 259.586 257.444 Flnancèd by UNRESTRICTED FUNDS 259,586 257,444 RESTRICTED FUNDS 259,586 257.444 Approved on behalf of the trustees by: Nick Roberts {Chaiman) Keith Treslove {Treasurer) 24 April 2025 Page 4
DERRY HILL AND STUDLEY VILLAGE HALL TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024 1. Accounting Poll¢lo5 a) Basls of Prèparatlon The accounts have been prepared under the historical cost convention. The accounts have been prepared in accordance with FRS102 Yhe Financial Reporting Standard applicable in the UK and Republic of Ireland" {FRS102), "A¢¢ounting and Rewrting by Charilies. the Slatement of Recommended Practice for Charilies applying FRS102. the Charities Act 2011 and Generally Accepted Accounting Practice as it applies from 1 January 2015. b) Income t)onations. grants and other foms of voluntary income are recognised a$ inmme whan received. Income from charilable activities is accounted for when eamed. c) Expenditure All expenditure Is accounted for on an accnjals basis. dl ReStrIed Funds Restricted Funds are to be used for specified purposes a$ laid down by the donor($). Expenditure which meets these crlleria is idenlffied to the fund. a) Unre$tricted Funds Unrestricted funds consist of incom8 recoived or generated for the objects of the Trust YthOUt further specified purposes and thus available as general funds. fj DeplatIOn Depreciation is charged at the following ratss: Leasehold Buildings- 20A pa on a straight line ba$1$ Flxiures and Fittings- 20% pa on a stralght Ilne basls g) Stocks Stocks of resaleable and other consumable materials are valued at the lower of cost and net realisable value. h) Tax exemption The Charity is exempt from taxation provided that its income is applied solely to charitable purposes and li arises from the carying out ofa primary purpose of the charity. 2024 2023 2. Donallons and Legaele• Unrestricted Fund$: Donations Derry Hill and Studley Gardenlng for Chrl$tma$ Ilghts Grants - Wlltshlre Councll Reslrtd8d Funds: Grants - Calne Without Parish Council- for expenditure on CCTV 478 100 200 2.151 750 578 3,101 Page 5
DERRY HILL AND STUDLEY VILLAGE HALL TRUST NOTES TOTHEACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024 3. Flxed Assets Leasehold Fixtures & Buildings Fittings Total Cost at l January 2024 Additions 371,169 44,077 504 415.246 504 Cost at 31 December 2024 371.169 44,581 415,750 Depreciation at 1 January 2024 Charge in year 158.936 7.423 37,668 2,288 196.604 9,711 Depreciallon at 31 December 2024 166,359 39,956 206,315 Net Book Value At 31 Dember 2024 204.810 4.625 209,435 At 1 January 2024 212 233 6.409 218,642 Investments Incroasel Additions Reinvested (Decrease) 31.12.23 (Disposals) Dividends In Value Original Cost Holding 31.12.24 M&G Investments 39.672 units (Accumulation) Charifund 11,900 704 368 12.972 11.900 704 368 12,972 2024 2023 S. Debtors Trade debtors Prepayments 316 1,398 2,203 1,354 1.714 3,557 Page 6
DERRY HILL AND STUDLEY VILLAGE HALL TRUST NOTES TO THE ACCOUNTS R THE YEAR ENDED 1DE EMBER 2024 2024 2023 6. Creditors Trade creditors Other creditors 940 733 994 969 1.673 1,962 7. Summary of Not Ass•ts by Fund Unrestrict•d Rastrictsd Total Fixed Assets Investments Net Curtent Assets 209,435 12.972 37.179 209,435 12,972 37.179 Net Assets 259.586 259,586 8, R88tricted Funds Transfer Between Funds Oponing Balance Receipts Payments Closing Balance Represents: Dery Hill and Studley Gardening for christmas lighL, 100 (100) 100 (100) 9. Relaled Party Transactions The land on which the village hall Is slted Is leased for a period of 999 years. at a peppercom rent. from Lord Lansdowne vtho resigned as a Trustee on 26 April 2018. Page 7