RECEIVED 15 OCT 2025 NEWMAN & CO Charity regi5tratlon number 1074433 (England And Wales) HEMPNALL TRUST ANN AL REPORT AND UNA DITED FINANCIAL STATEMENTS
MP TRUST ADMTNISTRATIVE tNF Trustees Christine Barnes- Nominated by Parish Council Christine Rodg¢r- Co-opted Daniel Seoii - Co-opted Mark Williams - Nominated by Parish Council Philip Bates Co-opled Hannah Groom - Nominaled by Parish Council Nicola Ireson - Co-opted Polly Cobb Eloise Tidder (Appointed l August 2025) (Appointed l August 2025) Charlty number 1074433 Prlnelp812ddress Hempnall Mill Mill Road Hempnall NORWICH Norfolk NR15 2LP Independent examiner Waveney Accounlanls Limited Tlas Newnian & Cu Chartcrcd Accounlanls 4b Church Slreel Diss Norfolk IP22 4DD
HEMPNALL TRUST Page Truslees, report Independent examiner's report Sial¢m¢nl of financial activities Balance sheel Notes lo the financial slalemenls 7- 17
PNALL TR TRU TEE 'REP RT RTH I DECEMBER 2024 The Irusl¢es presenl their annual report and financial stalemenls for ihe year ended 31 December 2024. The financial slalem¢n15 have been prcpared in accordance wilh Ihe accounting policies set out in nole l io Ihe financial slalemenls and comply wilh the charity's govcrning document, the Charilies Acl 201 l and 'Accounling and Reporting by Charilies: Statcmcnl of Recommended Praclice applicable to charities preparing their accounts in accordance with Ihe Financial Repot1ing Siandard applicable in Ihe UK and Republic of Ireland {FRS 102) (effective l January 2019).. Objeetives •nd 4ctivitles Thc Charity's objects are.. Th¢ relief of persons resident in the parish of Hempnall who are in conditions of need, hardship or disiTess; and The provision and mainl¢nance of a cenlre and other such facilities as the trusiees think fit for Ihe care and recre4lion ofrcsidcnls of the parish #nd ils neighbourhood who are such condili¢)ns. The Irnslees confirni Ihal in excrcisin8 IheiT powcrs and dulles Ihal thcy have complied wilh their duly lo have due regard lo Ihe guidance on public benefit publishcd by Ihc Charily Commission. The Iruslees mccl cach month lo make grants lo individual rcsidcnls of Hcmpnall who are in sick or n¢¢d. Income is appli¢d iu Ihc mainlenance and support ofihe Mill which is owned and run by the charity. The Iruslees also make grants towards. or pay for ilems, service5 or facililies. lo reducc the need, hardship or distress of the bcncficiarics described above. The Iruslccs have paid due regard lo guidance i8sucd by the Charily Commission in deciding whal aclivilies the charily should undertake. Achlevements and performAn¢e It's been another challenging year for Ihe Trust bul Ihanks lo Trusiees and volunteers we have managed lo delivery greal services lo our community. The income for Ihe year was £51,801 (2023 £40,458). Expenditure on charitable A¢livities in Ihe year amounted lo £56,312 (2023 £55,962). The eharily has a wholly owned subsidiary The Mill Bar Company Limited which operates a bar fmm Ihc Mill lo generate additional nel income. In 2024 the company generated a profil of £4.532 (2023 £2,752). Taxable profits generated by Ihe subsidiary are donated to the Charity in the subsequenl year. While the Iruslees have Ihe power to make inveslmenls as they see fil, they have mainlained the investment programme advised by Ihe Charity Commission. Flnonclal revlew The Trust udjusled lo a number of changes in Truslees and conlinued io review all ¢onlra¢ts and leW all areas of the charity to ensure Comme181 viability of each individual area of the charily. Unrestricted funds arise from income received from the Hempnall chUh and Town Eslale Property Charily and from the investment of surplus income to augment unreslricled funds. These are surricienl lo meet current demands on the charity. The charily has had lo sell assets from its inveslmenls in the last two year5 to ensure that all current demands can be mel. however the Iruslees are working to ensure that this doesn't need lo happen annually. It is the policy olihe charity lo mainlain free reserves, which compri5C the nel CUTrenl assets, at a level suifictent lo mcel any major expenditure on the ageing Mill building. Free reserves at 31 December 2024 were £9,519 (2023 - £6,660). The Irusltts have assessed the major risks lo which Ihe charity is exposed. and are satlsfied that 5yslems are in place lo mitigale exposure to Ihe major risks.
HEMPNA TRU TR The Trustees have secured a £2,500 grdnl from Hempnall Parish Council which has been received in 2025. The grant is lo assist with the costs of renovaling Ihe kitchen at the Mill. Strueture. governance and management The Hcmpnall Trust (Hctnpnall) was consliluled by a Charily Commission Sch¢m¢ on 23 Febrnary 1917 varied by Ihe hemes on 4 March 1963 and 16 FebNary 1978 and order dated 24 May 2006. as amended 4 Sepleniber 2008. and is a regislercd Charity no. 1074433. For reasons of admini51rativc convcnicn¢c. accounts are drawn up annually to 31 Dernber. The order of 4 Scplcmber 2008 changed the charity's name from The Town Eslalc Poor Charity (Hempnall) to The Hempnall Trust. The Iruslees who served during Ihc y¢ar and up lo the dale of signature of the financial 51alerneDls wcre: Barrie Maslerson - Co-oplcd Christine Barnes - Nominalcd by Parish Council Chrisline Rodger - Co-opted Grc¥ory Munson - Co-opted Danicl Scoii Co-opled Mark Williams - Nominalcd by Parish Council Philip Balcs - Co-opted Hannah Groom - Nominated by Parish Council Jonaihan Gray - Co-opled Hannah Gray- EX-01Clo Rector Nicola Ireson - Co-oplcd Polly Cobb Eloisc Tidder (Deceased 27 August 2025) (Rclired 16 March 2024) (Retired 31 March 2025) (Relired 31 March 2025) (Appointed l August 2025) (Appointed l Au¥u812025) Thc man8¥emenl of the charity is the responsibility of Ihc truslce5 who are elecled and co-opted under Ihc lemis of the Charily Commission Scheme. The tru51 advcrlises U post. candidates apply and meet wilh the Ch8ir and another Iruslcc, Iheir applicalions are discussed al u meeiin¥ and . then if all Ihc Iruslecs arc in agreemenl, they are invilcd alon&y lo the nexl Irusl meeling whercupon Ihey otricially start in Ihcir role. The Iruslees mccl on the first Thursday in each month (except January and AuBust) lo consider n¢eds and requests and to make grants and to considcr Ihc overall direclionlworking of Ihc charity. D¢cisions latin8 Lo the Mill arc madc al Ihe trustee meetings. Th¢ Mill's aclivilies arc included within Ih charity's slalulory accounts. The Iruslees employ a secretarylirea5urer who lakes minutes. receivcs cOespOndenCe, issues cheques and maintains the accounts. The charily has a very close relationship with The Church and Town Eslale Property Charily (Hempnall) who provide funding (50Ll/& of nel income) lo the Trusl Charity {Hempnall). All lrnslccs of this charily are a150 Iruslees of Thc Church and Town Eslale Property Charity (Heinpnall). A summary of (he Iransaclions with Ihis party is set out in the financial slalements. The following eharilies also rcceive funding directly from The Church and Town Eslale Property Charily {Hempnall): Th¢ Church Eslale Charily (Hempnall) The Town Estate Educational Foundation (Hempnall) The charity makes Charges to ils wholly owned subsidiary The Mill Bar Company Limiled for the use of the premises.
HE ALL TRUST TR ES, REPORT NT THE YEAR END EMBER 2024 The Iruslee5' reporl was approved by Ihe Board ofTTU5tees. Mark Wllll4ms - Nominated by Parh$h Councll Trusiec Philip B&tes- Co-o Trustee Daled.. ted
HEMPNALL TRUST NT EXAMtNER'S report lo Ihe trustees on my examination of the financial statements of Hempnall Trusl (Ihe charity) for the year ended 31 December 2024. Responsibilities and b2s1$ of report As Ihc Iruslees of Ihe charily you are responsible for the PparatIOn of Ihc financial slalemenls in accordance wilh Ihe quiremenls ofthe Charities Acl 2011. report in respect of my examinalion of the charily's financial slalcmcnls carried out under seclion 145 of ihe Charilies Act 201 l. In carrying out my examinalion I have follow¢d th¢ Dire¢lions Biven by the Charity Commission under section 145{5)(b) of the Charities Acl 2011. Independent examlner's statement Your allenlion is drawn lo the fact that Ihc charity h35 prepad financial slalemenls in accordance wilh Accounting and Reporting by Charities preparing Ihcir a¢¢ounts in accordance with the Financial Repurting Siandard applicablc in the UK and Republic of Ircland (FRS 102) in preference lo the Accounting and Reporting by Charilics.. Slalemenl of Recommended Praclice issued on l April 2005 which is rcfcrred lo in the extant regulations bul has now been wilhdrawn. understand that Ihis has been done in ordcr for financi&l staieinenis to provide a tru¢ and fair view in accordancc with Generally Accepled Accounling Practice etTeciive for reporting periods beginning on or afier l January 2019. have ¢ompleled my examination. I confimi that no mallers have come to my altenlion in conneclion with the examinalion iving me causc lo bclicve Ihal in any material resp¢¢l'. accounting rccords werc not kept in respecl of th¢ charity a5 rcquired by seclion 130 of Ihc Charilies Acl 2011. Ihc financial slalemenls do not accord wilh those records,. or Ihc financial slalemenls do nol comply with the applicable requiremen15 conccrning ihe fonn and C(1CnI or rinancial slalemenls sel out in Ihc Charities (Accounls and Reports) Rcgulalions 2008 oiher than any rcquircmcnl thal Ihe financial slalcmenls give a true and fair view, which 15 not a malter considered as parl of an indcpcndenl examination. I have no concerns and have conie acr055 no oihcr maltcr5 in conncclion with th¢ ¢xaminalion lo which allenlion should be drawn in Ihis report in order lo enablc a proper understanding of the financial 51alemenls lo be reached. Lor& Leslie Newman FCA Waveney Accountants Llmlted T/a5 Newman & Co Charlercd Ac¢oun13n15 4b Church Street Diss Norfolk IP22 4DD Dale.. i<. 10. 2£95
HEMPNALL TRUST NT FFtN YEAR END Unrestrleted Endowment funds fund8 2024 2024 Total Unrestricted Endowment funds funds 2023 2023 Tot1 2024 2023 Notes Income from: Dona(ions and legaLies Charitable aclivilies Other Irading aclivilies Inveslmenls 7.390 40,958 443 3,010 7,390 40.958 443 3.010 1,535 35,569 387 2,967 1,535 35,569 387 2,967 Total Income 51,801 51,801 40,458 40,458 Expendlture on: Charitable activilics 56,312 56.312 55.962 55.962 Tot1 expendlture 56,312 56,312 55,962 55,962 Net glain(lOsses) on inveslmenls 12 5,608 5,608 14,584 14,584 Net Incomel{expenditure) (4,511) 5,608 1,097 (15,504) 14,584 (920) Trdnsfers belween funds s,0 (5,(KlO) Net movement In (undg (4,511) 5,608 1,097 (10,504) 9,584 (920) Re¢on¢iliatlon of funds: Fund balances al l January 2024 224,912 166,607 391,519 235,416 157,023 392,439 Fund bAIAnces at 31 Deeember 2024 220,401 172,215 392,616 224,912 166,607 391,519 The staiement of financial 4¢livilies includes all gain5 and losses recognised in Ihc year. All income and expenditure derive from ¢onlinuing aclivilies.
MPNALL TRUST 2024 2023 Notes Fixed assets Tangible a55e15 jnvc51menls 14 15 210,882 172,215 218,252 166.607 383,097 384,859 Current Assets Stocks Debtors Cash al bank and in hand 17 18 200 200 220 9,763 12,188 12,388 10,183 Creditors: amounts falllng due wlthln one year 19 (2,869) (3,523) Net Current assets 9,519 6,660 TotAI assets le8$ eurrent Ilabllltl¢s 392,616 391,519 The funds of the charlty Endowment funds Unreslricled funds 20 21 172,215 220,401 166,607 224,912 392,616 391.519 The financial slatemenls were approved by Ihc Iruslees on . 01-10-L Mark Williams - Nominated by Parish Council Trustee Philip Bales - Co-opled Trustee
HEMP UST NOTE FINANCIAL STAT TS FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting policies Charlty informAtlon The Hempnall Trust (Hcmpnall) was conslilulcd by a Charily Commissivn Scheme on 23 February 1917 varied by the schemes on 4 March 1963 and 16 February 1978 and ordcr daled 24 May 2006. as amended 4 September 2008. and is regisl¢rcd charity no. 1074433. A¢¢ounting eonventSon The financial statements have been PT¢pared in accordance with the charity's goveming documenl, the Charitics Act 2011 and 'A¢¢ounling and Reporting by Charilies.. Sialemenl of Recommended Practice applicablc lo charities preparing their accounts in accordancc wilh Ihc Financial Rcporling Siandard applieablc in the UK and Republic of Ireland (FRS 102) (etTeclive l January 2019)" The charily is a Public Bcncfil Entity as defined by FRS 102. The charity ha5 lakcn advanlagc of Ihe provisions in Ihe SORP for charities applying FRS 102 Update Bulletin I not lo prepare a si8lem¢nl ofcash Flows. The financial slalemenis havc departed fTom Ihe Charilics (Accounts and Report5) Regulations 2008 only to the exlenl required lo provid¢ a Irue and fair view. This dcparture has involved following the Sialemenl of Recommended Practice for charilies applying FRS 102 raiher Ihan Ihc version of Ihc Sialemcnt ol Recommended Practice which is referred lo in the R¢gulalions bul which has sincc bccn wiihdrawn. The financial slalemcnls are preparcd in slcrlinL7, which is Ihc funclional currency of Ihc charily. Monelary amounts in Ihese fin&nLial 51alemenls are rounded lo Ihc ncare51 £. The financial slalements havc been prcparcd under Ihc hisloriLal cost convention. The principal accounling policies adopted are sel oul bclvw. 1.2 Golng ¢oncern Ai Ihe limc of approvin¥ Ihc financial slalenlenls. Ihc Iruslees hav¢ a reasonable expectalion Ihal Ihe charity has adequ81e resources Io Lonlinuc in operalional exi%lincc for the furcsceable futur¢. Thu5 the INslees continue lo adopl the going concern basi5 ofaccounting in preparing Ihe financi81 slalemenls. .3 Ch*rlt4ble funds Unreslricled funds arc available for use ai Ihe discretion of Ihc Iruslees in furtherance of their charilablc objective5. Reslricled fund5 are subject lo specific condilions by donors or grantors as lo how they may be used. The purposes and uses of the reslricled fund5 are sel oul in ihe nole5 lo Ihe financial slalemenls. Endowmenl funds are subject to specific conditions by donors thal the capital must be mainlained by the charity. 1.4 Income ncome 15 recognised when Ihe charity is legally enliiled to it after any perlormance conditions have been mel, the amounts can be measured reliably, and il is probable that income will be receivcd. Income lax recoverable in relation lo investment income is recognised al the time the inveslmenl income is CeIv&bIe. Cash donations are recognised on rtteipl. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require defe1 of the amount. Income tax recoverable in la¢lOn lo donations received under Gift Aid or deeds of covenanl is recognised at the lime of the donation. Legacies are recognised on receipt or oihenvise if the charity has been notificd of an impending dislribution, the amounl is known, and receipl is expeclcd. If the amount is noi known. the legacy is Irealed as a contingent asset. Govemmenl grants are recognised when Ihcr¢ is evidence of enlitlem¢nl and ils amount can be reliably measured. Charitable di51ribulions ar¢ in respect of one half share of the nel income for the year of The Clwrch and Town Esiate5 Prop¢rty Charity (Hempnall).
HEMPNALL TRUST OTES TO THE FtNANCIAL STATEMENTS CONTtNUED FOR THE YEAR ENDED 31 DECEMBER 2024 Accountlng polieie$ (Contlnued) 1.5 Expenditure Expendilure is recognised once there is a legal or con51ruclive obligalion to Iransfer economic bcneftt lo a ihird party. il is probable Ihat a Iransfer of economic benefils will be rcquired in seiilement, and the amount of Ihe obligalion can be measured reliably. Expenditure is cla55ified by Jclivily. The costs of each aclivily are made up of the lolal of direct cosls and shared cosls, including support Costs involved in underlaking each aclivily. Direct costs allribulable lo a single aclivity are allocated dirccily lo Ihal aclivily. Shared costs which conlribule to more than one activity and support Costs which are nol aiiribulable lo a singlc activity are apportioned belween those activities on a basis consislcnl with the use of resources. Central staff costs are allocaled on the basis of lime spenl, and deprecialion chargcs are allocated on Ihe portion of the asset's use. Expcndilure is recogni5ed on¢¢ Ihere is a legal or conslruclivc obligation lo transfer economic benefil lo a third party, il is probable that a Iran5fcr of ¢¢onomic b¢n¢fils will be required in seiilenient and Ihe amount of Ihe obligalion can be rncasurcd rcliiibly. .6 TAnglbl¢ flxed assets Tanuiblc fixed assels are inilially measured al cosl and subscqucnily measured al cosl or valuation, ncl uf dcprccialion and any impairn)enl losse5. Deprecialion is recogni5cd so as to wrilc off the cost or valuaiion of assets less Iheir residual values over their useful lives on Ihc following bases: Freeholdlond and buildings Fixtures and fitlings 20h slraighi lin¢ I Ooh slraighi line The gain or loss arising on the disposal of an asscl is dclcmiincd as the difTerence between Ihe sal¢ pro¢¢eds and Ihc carrying value of thc asscl, and is reLogniscd in the slalemenl of financial aclivilies. 1.7 Fixed Asset Investments Fixcd asscl inveslmenls are initially measured al Iran5aclion price excludiDg Iransa¢lion cosls, and are subsequently measured al fair valuc al each rcporling dalc. Chan¥es in fair valuc 3re reco8nised in nel incom¢l(cxpendilure) for the year. Transaction LOS15 are expensed as incurred. 1.8 Impalrment of tlxed Issets Ai each reporting end dale, (he charity reviews the carrying amounts of it5 tangible assets lo delennine whcihcr Ihcre is uny indicalion that thos¢ ass¢ls havc suff¢r¢d an impaimenl loss. 11 any such indication exists, the recoverable amount of Ihc asscl is ¢slimaled in order lo delern]ine the exlenl of the impairment Ios5 (if any). 1.9 Stocks Stocks are slated al Ihc lower of cusl and eslimaled selling price less costs lo complete and sell. Cost comprises direct malcrials and, where applicable, direcl labour costs and those overheads Ihal have been incurred in bringing thc stocks lo their present location and condition. Item5 held for distribution 31 no or nominal consideration arc mcasured the lower of replacement cosl and c05t. Nel realisable value is the eslimaled selling price less all eslimaled costs of complelion and cosls lo be incurred in markeling. sellin8 and di5tribulion. 1.10 Cash and c45h equiv4lent5 Cash and c8sh equivalen15 include cash in hand, dcp051t5 hcld al call wilh bank5, Qther short-temi liquid investments with original malurities of Ihrec months or I¢s5. and bank overdrafts. Bank overdrafts &re shown within iKTrtTowings in current iabililie5.
NOTES T TH FtNA TS CONTtNUED FOR THE YEAR ENDED 31 DECEMBER 2024 Ae¢ounting policies (Continued) 1.1 l Financial instrnments The charity has elecled lo apply Ihe provisions of Section I I 'Ba5ic Ftnancial Instruments. and Section 12 '0ther Financial Ins1MentS Issues, of FRS 102 10 all of ils financial instrument5. Financial insirumenls are rccognised in the charity's balance sheet when Ihe charity becomes party lo ihe contractual provisions of the inslrumenl. Financial assels and liabilities are offsel, with IhL' nel amounts presented in Ihc financial slalemenls, when there is a legally enforceable righi io set off Ihc recognised amounts and Ih¢r¢ is an inleniion lo seiile on a nel basis or lo realise the assel and sciile the lidbilily simulianeously. BaslcJlnan¢lal nssels BasiL financial assets, which in¢lude debior.8 and cash and bank balances. arc initially measured al Iransaclion price including Iransaclion cosls and are sub5cqu¢nily carri¢d al amortlsed cosl using the effective inl¢ffsl rnclhod unless Ihe arrangeincnl conslilulcs a financing Iransaclion. where th¢ Iransaclion is measured al the presenl value of the fulure rcceipis dtscounled al a market rate of inlcrcsl. Financial assets classified as receivable wilhin one year are not amortised. Bftslcjlnanclal Ilabllllles Basic financial li4bililies, including crcdilors and bank loans are initially rccognised ai transaction price unless the arran¥einenl conslilul¢s a financing Iransaclion, where the dcbi inslrumenl is meaSUd ai Ihc present value of the future payments discounled at a niarkel rul¢ of inlcrcsl. Financial liabililics classified as payable within onc ycar are not amot1ised. Debi inslrumenls thrc subscqucnily carried al amorlised cosl, using the effeclive inleresl rale method. Trade credilors arc obligations lo pay for goods or services that have been acquired in the ordinary course of operalions rruiii buppIiLrb. Aiiiuuiilb PIIy¢ibl¢ ure Llussified LurrLnl liabililie& if puymcnl is duc wilhin one year or less. If not, they arc presented as non-eurreni liabilili¢s. Trade credilors are recugnised initially al Irans8clion price and subsequently measured al aniortised cost using Ihe elTeclivc intcrcsl mclhod. Derecognlilon offlnanclal Ilftbllliles Financial liAbililies are dereeo8nised when the charity's contractual obligations expire or are dischhTged or cancelled. 1.12 Employee benefltg The cosl of any unused holiday entillemcnt is rccognised in Ihe period in which the employee's services arc rcccivcd. Terniinalion benefits are recognised immcdiatcly as an expense when the charity is demonslrably committed lo tenninate the employment of an employcc or to provide lemiinalion b¢n¢fils. Crllleal a¢countlng e$llm*tes #nd judgements In the appli¢Alion of the ch8rily's accounting policies, the InJste¢s are required lo make judgernenls, estirnales and assumplion5 about th¢ carying amount of 95sets and liabilities Ihal are not readily appar¢nl from olher SOUT¢es. The estimales and associated assumption5 are b35ed on hisloric41 experience and other faclors that arc COT15ider¢d to be levant. Actual resulis may differ from these estimates. The estimates and underlying a55umplion5 are reviewed on an ongoing basis. Revisions to aOuntIng estimates are recognised in the period in which the estimate is revised where the revision affects only thal period, or in the period of the revision and fulure periods where the revision aifecls both current and future periods.
HEMPNALL TRUST OTES TO THE FINANCIAL STATEMENTS CONTtNUED Income from donations and legaeieg Unrestrlcted funds 2024 Unrestricted funds 2023 Donations and gifis 7,390 1,535 Income from charlt&ble 4ctlvltles Unrestrlcted funds 2024 Unre5trlcted funds 2023 Ch4rlt4ble A¢tlvlty Charilable di5tribulion Sale of meals Hall hiTe and sundry income 18.039 15,270 7,649 15,213 14,260 6,096 40,958 35,569 Income from other tradlng actlvltles Unrestrlcted Unrestrlcted funds funds 2024 2023 Rental income 443 387 Income from investments Unrestrlcted Unrestrlcted funds runds 2024 2023 Investment income 3,010 2,967 10-
NOTES TO THE FtNANCIAL STATEMENTS NT ED R THE YEAR ENDED 31 DE EMBER 2 24 Expenditure on charitAble Activltles The Mlll Centre 2024 People In need 2024 Total The Mill Centre 2023 People in need 2023 Total 2024 2023 Dire¢t costs SiatTcosls Depreciation and impairmenl Food Lighi, heal, renl and insurance Telephone Sundries Cleaning Rcpairs and mainlcnance 17,866 17,866 16.246 16,246 7,370 8,679 7,370 8,679 7,397 8,859 7,397 8,859 7,376 573 403 2,895 1,601 7,376 573 403 2,895 1,601 7,553 543 580 2,866 1,288 7.553 543 580 2.866 1,288 46,763 46.763 45,332 45,332 Granl funding of aclivilie5 (See nolc 8) 2,OC() 2,000 2,960 2,960 Share of5UPPOrt and governance costs (see note 9) Supporl 5,078 Governance 1,620 851 5,929 1,620 4,970 1,890 810 5,780 1,890 53,461 2,851 56,312 52,192 3,770 55,962 Analysls by fund Unreslricled funds 53,461 2,851 56,312 52,192 3,770 55,962 Crants payable People in need People in need 2024 2023 Grants lo individuals 2,000 2,960 2,000 2,960 11
HEMPNALL TRUST NOT S TO THE FtNANCIAL STATEMENTS NT FOR THEY ENDED 31 DEC R 2024 Support costs allocated to activities The Mill Centre People in need 2024 2024 Total 2024 Total 2023 Secretary's expenses Compuler costs Governance 4.916 851 5,767 161 .620 5,656 124 1.890 1,620 6,697 851 7,548 7,670 2024 2023 Governance costs ¢omprl$e: Indcp¢nd¢nl examiner's fee 1,620 1,890 1.620 1.890 10 Trustees During Ihe year. expenses of £116 were reimburscd lo Iwo Iruslcc5 in respccl of maintenanLe and sundry cosls (2023 £505). Nonc of the Iru51ees (or any peTsoll5 connected wilh Ihem) received any remuncration or bencfils from Ihc charity during Ihe year. li Employees Thc average monihly numbcr of cmployccs during the year was.. 2024 Number 2023 Number Employment Costs 2024 2023 Wages and salaries 17,866 16,246 There were no employees whose annual remuncralion was morc than £60.000. 12-
NOTES TO THE FfNANCTAL STATEMENT NT ED R THE YEAR ENDED IDE EMBER 2 24 12 Galns losses on Investments Endowment funds 2024 Endowment funds 2023 Gainsl{losses} arising on: Revalualion of investments Sale of inveslmenls 5,608 15,393 (809) 5,608 14.584 13 Taxatlon The charity is excmpi from lax on incomc and ¥ains falling within seciion 505 of the Taxes Act 1988 or section 252 of the Taxalion ofcharseable Gains Acl 1992 lu th¢ cxtenl that these are applied lo ils charilable objecls. 14 TAnglble flxed a$set$ Freehold land bulldlnR$ Flxtures and Ilrtln8S TotAI Co$t Al l January 2024 251.165 36,203 287,368 Ai 31 Dcccmbcr 2024 251,165 36,203 287,368 Depreelatlon and Impalrmen¢ AI I JHnuary 2024 Deprecialion charged in the year 44,327 5,023 24,789 2,347 69,116 7,370 Al 31 December 2024 49,350 27,136 76,486 CArrylng amount Ai 31 December 2024 201,815 9,067 210,882 Ai 31 December 2023 206,838 11,414 218,252 Inveslmeni properties renled in port lo another group entity have been Accounted for using the cost model. The carrying value of these investment properties includ¢d within langible fixed as5els is £201.815 (2023 £206,838). In a¢cord8n¢e with the FRS 102 Iransitional rule5, the property's cosl 15 deemed lo include £230,(M)O Ihal was its valuation at l January 2015, which derives from a fornial valuation undertaken on 24 February 2015 by George Durranl and Sons Lid. Charlered Surveyors. 13-
HEMPNALL TRUST NOTES TO THE FtNANCIAL STATEMENTS CONTfNUED THE YEAR EN IS Fixed a55et investments Llsted Investments Cost or valuation Ai l January 2024 Valuation changes 166,607 5,608 Al 31 December 2024 172,215 Carrylng amount Ai 31 December 2024 172.215 Ai 31 December 2023 166,607 16 FlngnelAI Instruments 2024 2023 CArryiThg amount of flnanclal xs5ets Inslrumcnls mcasured at fair value Ihrough profil or loss 172,215 166,607 17 Stocks 2024 2023 Raw matcrials gnd consumables 200 200 18 Debtor$ 2024 2023 Amounts falling due wlthln one ye4r: Other debiors 220 19 Credltors: amounts falllng due within one year 2024 2023 Other credilors Accruals and def¢rrcd incomc 379 2,490 379 3,144 2,869 3,523 14-
HEMPNALL NOTES TO THE FtNANCIAL STATEMENTS CONTtNUED 24 Unre5trieted funds The unrestricled funds of Ihe charily comprise the unexpended balances of donations and grants which are nol subject lo specific condilions by donors and granlors as lo how they may be used. These include designaled funds which have been sel aside out ofunrestricted funds by the trustees for specific purposes. At l January 2024 Incoming resources Resources expended TratbsfersAt 31 December 2024 General funds 224,912 51,801 (56,312) 220,401 Prevlou% year: At l January 2023 Incomlng re$ouree$ Resources expended TrAnsfersAt 31 December 2023 General fund5 235,416 40,458 (55,962) 5,000 224,912 22 Analyslg of net assets between funds Unre$trlct¢d funds 2024 Endowment funds 2024 Total 2024 At 31 December 2024: Tangibl¢ asscts Inve5tmcnt5 Current assc151(liabililies) 210.882 210,882 172,215 9,519 172,215 9,519 220,401 172,215 392,616 Unrestrlcted funds 2023 Endowment funds 2023 Total 2023 Al 31 December 2023: Tangible asscls Invc51mcnls Currenl asselsl(liabililies) 218,252 218,252 166,607 6,660 166,607 6.660 224,912 166,607 391,519 16-
TEST THE FtNAN IAL TATEM THEY 23 Related party transactlons Trans#ct10115 Ivjth relgted parties During the year Ihe charily entered into the following Iransaclions with relaled parties: Donations 2024 Room rental 2024 2023 2023 Entities over which ihc cnlily has conlrol. joint control or significant influence 3.760 1,452 1,165 1,280 3.760 1,452 1,165 1.280 24 Subsldl4rle$ These finMnLiul slalcmenls are separate charity financial slalemenls for Thc Hcmpnall Trust. Details of lh¢ charily's subsidiuries al 31 Dcccmber 2024 are as follows.. Name of undert8klng Regl$tered offiee Nature of bu51ness Cla$$ of 8hare$ held °/0 Held Dlrect Indlreet The Mill Bar Company Limilcd Hcmpnall Mill, Mill Road, Hcmpnpll, NR15 2LP Tradin8 Ordinary £1 loo.00 The subsidiary's ¢oinpany number is 11307290. The sub5idiary'5 rcsulis were.. 2024 2023 Turnover ndilure rofit 18,909 (14,377) 4,532 19,447 (16,695) 2,752 N¢t Nel &sse15 3,633 2,861 17-