Company reglslr8tlon number: 04108622 Charlty r8gistration number., 1085825 The Brockenhurst Village Trust IA company limited by guarantee) Annual Report and Financlal Statements for the Year Ended 31 December 2024
The Brockenhurst Village Trust Contents Reference and Adminlstratlve Details Truslees, Report 2to4 Independent Examlnels Report Slatement of Flnanci81 Adlvltles Balance Sheet Notes to the Financial Statements 8t017
The Brockenhurst Vlllage Trust Charlty Name The Brockenhurst Vlllage Trust Charlty Reglslratlon Number 01858225 04108622 Company Reglslratlon Number Prln¢lpal Offlco Brockenhurst Village Hall Highwood Road Brockenhurst Hampshlre S042 7RY Reglstored Offlce Brock8nhurst Vlllage Hall Hlghwood Road Brockenhurst Hampshlre S042 7RY Trustèes Clalre Burt Anthony Fessler Roger Gomm Avril Hicks Michael Harris Russell Home Trlcla Hutchins Paul Ledger Helen Mantle Kevin Plummer John Stanton Secretary Anthony F8ss18r Indop8ndent Examlner Debble Clark FCMA
The Brockenhurst Vlllage Trust Trusteos, Report The TnJstO85, who are dlrectors for the purposes of company law, prèsent the annu81 report together with the flnanclal statements of the charitable company for the year ended 310ecember 2024 Trustees durlng 2024 Anthony Fessler Roger Gomm Avrll Hicks Michael Harris Russell Horna Tricia Hutchlns Helen Mantle Kevln Plummer Shaun Williams (resigned August 2024) Legal and Admlnlstratlve Informatlon Brockenhurst Vlllage Trust Is a Charitsble Company Limited by Guarantee, Incorporated on 15 Nov8mb8r 2000 and is governed by its Memorandum and Artlcles of Assoclatlon. The charity was registered with the Charlty Commisslon on 27 March 2001 and commenced operations upon transfer to It on 15 May 2001 of the assets from the Brockenhurst Vlllag8 Hall charlty. The Company number is 4108622 and the Charity Reglstration number is 1085825. Dlrectors and Trustees As requlred by the Memorandum and Articles of Association the management Df the company Is Invested In the Board of Directors who are also the Trustees of the Charity. The Board consists of up to eleven Directors. Up to two of these ar6 appointed by the Brockenhurst Parish Council. together with up to seven nominated by the general publlc wllhln the area of benefit and up to two representing the user organisations within the area of benefit. Tha elected dlrectors serve for a period of three years. those representing the general public are elected at the Annual Meeting of th8 Partsh and those representlng the user organisations are elected by a ballot of those organlsations whlch are members of the Company. The Trustees serving during the period are shown above. Objects, Organisation and Actlvltles The object of Brockenhurst Village Trust are to provide educatlonal. recreatlonal and other communlty facllltles for the benefit and social welfare of the people of tho civll parlsh of Brockenhurst In Hampshlre by charitable means. This means the runnlng of th8 Vlllag8 Hall, and Its slte In Hlghwood Road, the Charity Shop in Brookley Road. and organising such events which benefit tha wldest posslble communlty In Brockenhursl under the revlsed brandlng of The Brockenhurst Communlty Hub, and working with other organisations to similarly benefit well-being and resilience in the village. The Trustees have had due r8gard to guldance published by the Charfty Commission on public benefit.
The Brockenhurst Village Trust Trustees, Report The Vlllage Hall (a maln hall seating 200 and several other rooms. some with kltchen facilities) hosts around 30 weekly and 10 monthly clubs and classes In addltlon to repeat booking from other communlty groups and small buslnesses. Organlsatlons su¢h as Hampshlra County Council and the New Forest National Park Authority regularly hold training sessions at the Hall. appreclatlng the locatlon, facilities and Servi and also the value for money that it offers. External events such as thls contribute to the successful runnlng of th8 Hall, and thus Its wlder communlly b8n&fil. The Hall is available for hlre by Indlvlduals and organlsations. There is a standard hlrlng agreement and scale of charges which is calculated to be adequate to generate Income to meet all expendlture incurred in malntalnlng the Hall, providing an appropriate share of the wld8r site maintenance and annual depr8¢lation of the Trust's assets. The booklng 8rrangements were moved on-line in 2024. Th8 Trust organlses a number of a¢tlvltles, such as °Brockenhurst Cinema" and Iwlce weekly Brldge Club (and many more) In th8 Hall on its own account in order to provlde a focus for the village as part of the Community Hub concept described below. The Truste88 are responsible for the overall management of tha Company and its fijture dlrectlon. Thls may also include strategic guidance. or dellvery of projects for the community. The day-to-day operatlon of the Vllla tlme Operatlons and Development staff and over 60 volunteers. e Hall, the shop, and the slte facllltles Is the responsibility of the full- anager supported by four part-tlme administrative and caret8klng Revlew of Actlvltles and Future Developmènts The Ststement of Financial Activities for the year Is set out on page 8 of the financial statements. Revenue from the Communlty Hub and the Hlghwood Road slte was £96.312 (2023 £97,683) No government grants were recelved In 2024 The Charfty Shop, which had operated the Hall slnce 2021 relocated to an empty shop In Brookley Road In the centre of Brockenhurst and followlng renovatlon of the premises re-opened successfully In September 2023. It was apparent that the ntral locatlon could double the shop's revenue and thus Increase the funds avallable to the Trust. The shop's nett contrlbutlon to the Trust in 2024 was £34.521, (2023 £30,993) and it is expected to ¢onlrlbut8 over £40,000 Including on-line sales In 2025. The shop is entirely staffed by volunteers and the Trust wishes to express Its gralltude to them. As part of the Communily Hub the shop is able to showcase events In the Hall and on the Highwood Road site provldlng a social focal polnt for resldents. Hall Space Development The space released In the Hall by the shop's relocatlon Is belng developed Into a 14-person meeting room equlpped with a smart TV for easy presentatlons. Addltionally it will feature a cosy space for our communlty to "slp, savour and so¢lallse" offering morning brews to evenlng cheers. Communlty Clnema The ongolng success of our communlty cinema, whlch Is entlrely run by volunteers. Is noteworthy. These dedicated volunteers choose the films. create all marketlng materlals, host the events and even bake cakes. The clnema has contlnued to g8nerale a surplus whlch has been reinvested in upgradlng the clnema equipment. The team Is 8xplorlng ways to expand the programme whl¢h already Includes monthly matinee screenlngs and quarterly evening sing-along events.
The Brockenhurst Vlllage Trust Trustees, Report Communlty Engagomont The Trust is continuously axplorlng new ways to Involve our communlty offering diverse opportunitlies for all generatlons to particlpate. To date the Trust has provlded work experience opportunities for young people from local educational Inslltutlons and partlclpanls In the Duke of Edinburgh's Award Scheme. Additionally it CoOperateS wlth Greener Brockenhurst to promote sustainability and enhance local reslll8nce. The Trust is committed to creating additional clubs for school-age children, including a drop-ln youth club. These initiatives aim to provide safe, engaglng and supportlve envlronments where young people can sociallso, learn new skllls and partlclpate In varlous aclivilies. By offerlng these opportunilies we hope to foster a sense of communlty and belonglng among Ihe younger generation. encouraglng thelr acllve Involvement In local events and initiatives Energy Inltlatlves Rlslng energy costs were identified as a major rlsk in 2023, with longtem contracts explrlng. Consequently the Trust Invested approxlmately £24,000 in additional solar panel capacity including additional battery storage. New agreements with energy suppliers and for tho sak8 of surplus 8nergy have been negotlated. aiming lo move as far as ,'possible "off-grld. Substantlal savlngs In electrlcity costs were realised In 2024, with ongoing energy-saving measures planned for 2025 Includlng a shlft away from gas. Outdoor Facility Enhancement The Trust h8s successfully secured £43.000 from the NFDC CIL Fund to adapt and enhance the outside multl-use games area and green space. This funding will enable the facility to bo fully manag8d, more accessible and ready for addition81 community activitles that could be hosted on the site. Survey and Future Declslon8 A major survey of Brockenhurst resld&nts and user organlsatlons conducted In 2024 showed broad support for current and planned developments. Reservès Pollcy The Trustees have resolved to commlt as much of the charity's resources as possible to the Trust's blectlves. whilst retainlng sufficient Investments to generate income from which to meet these objectives. withln Ih se st desi acilities In wor ingo nated a £100,000 renewal reserve in 2021 to be used specifically in ar and up to date. Durtng 2024 the Tnjstees carried our a revlew of the Trust's activities and financial position at each m86ting Risk Management Th6 Trusteès have assessed Ihe rlsks to which the Charity is exposed, In particular those related to the finance of the Charity and are satlsfied that systems are in place lo manage exposure to major risks. in addltlon 8 "table-top" exerclse was carried our in 2024 and impending statutorylregulatory requirements are kept under review. Changes In Flxed Assets The movements In fixed assets durlng the yaar are sat out In Note 15 to the financlal statemants. Small Company Provlslons Thls report has been prepared in accordance with the small companies regimes under the Companies Act 2006 The Annual R ort was approved by the trustees of the charity on 24 July 2024 and signed on its behalf by Kevln Plumm Chalrman
The Brockenhurst Village Trust Independent Examlner's Report to the trustees of Th8 Brockenhurst Vlllage Trust I report to th8 trustees (who are also directors for the purpose of company law) on my examinatlon of the financlal statements of The Brockenhurst Village Trust forlhe year ended 31 December 2023 which comprise the Statement of Flnanclal Actlvltles, the Balanc8 Sheet and related notes. Thls report Is made solely to the charity's trustees. a8 a body. In ac¢ordanca wlth section 145 of the Charltl88 Act 2011. My work has been undertaken so that I might state to the charlty's trustees those matters l am required to state to them In thls report and for no other purpose. To the fullest extent permltted by law, I do not accept or assume responsibility to anyone other than the charlty and the charity's trustees as a body, for my work. for thls report, or for th8 opinlon8 I have formed. Resp8ctlv8 re8ponslblllt108 of trustees and examlner As the trustees of The Brockenhurst Vlllage Trust you are responsible for the preparatlon of th8 financlal statements in accordance wlth the requlrements of the Companies Act 2006 (Ihe 2006 Act,). Havlng satlsfied myself that thefinancial statemenls of The Brockenhurst Vlllage Twst ar8 not r8qulred to be audited under Part 16 of the 2006 Act and are ellglble for Independent examination, I report In respect of my examlnatlon of The Brockenhurst Village Trust 's flnanclal Statements carrled out under section 145 of the Charities Act 2011 ('the 2011 Act,) and in carrying out my examination I have followed the Dlrections given by the Charity Commlsslon under sectlon 145(5)(b) of the 2011 Act. Independent examlner's statement I have completed my examination. I confirm that no matters have come to my attention in connectlon wlth the examinatlon glvlng me cause to believe: accountlng records were not kept In respect of The Brockenhurst Vlllage Trust as requlred by sectlon 386 of the 2006 Act., or the financlal statements do not accord wlth those records. or the financlal statements do not comply with the accounting requirements of sectlon 396 of tha 2006 Act other than any requ1ment that the accounts give a 'true and fair view, whlch Is not a matter considered as part of an Independent examination: or the financlal statements have not been prepared In accordance with the melhods and prlnclples of the statement of R8commend6d Practice for accountlng and reportlng by charltles applicable to charities preparing their accounts In aOrdanCe with the Financial Reporting Standard appllcable In the UK and Republic of Ireland (FRS 102). I have no concerns and have come across no other matters in connection wlth the examlnation to which attention should be drawn in thls report In order to enable a proper understanding of the accounts to be r8ached. Debbla Clark FCMA 33 L8vender Road Lymlngton S041 OGF Date.....
The Brockenhurst Vlllage Trust Statement of Flnanclal Actlvltles for the Year Ended 31 December 2024 (Includlng Income and Expendlture Account) Unrestrlcted funds 2024 Unrestrlcted funds 2023 Total 2024 Total 2023 Note Income and Endowments from: Donations, legacies and grants 6,680 6,680 2,849 2,849 Charitable activities 155,260 155,260 140,648 140,648 Other trading activities 10,819 10,819 8,766 8,766 Investment income 5,861 5,861 3,334 3,334 Other income 11,265 11,265 8,594 8,594 Tota Income 189,886 189,886 164,191 164,191 Expendfture on: Raising f unds {5,791) 15,7911 14,628 {4,6281 Charltable actSvltles {185,6841 1185,684 {154,274) 1154,274) Total expendlture (191,4751 1191,4751 {158,902 1158,902} Net Income {1,590} 115901 5,289 5,289 Net movement In funds 11,590) (1,5901 5,289 5,289 Total funds brought fOard 1,138,268 1,138,268 1,132,979 1,132,979 Total funds carrled forward 22 1,136,678 1,136,678 1,138,268 1,138,268 All of the charlty's activities derive from continuing operations during the above Iwo periods.
The Brockenhurst Vlllage Trust (R8glstration number: 04108622) Balance Sheet as at 31 December 2024 Note 2024 2023 Flxed assets Tanglble assets 15 896,826 925,951 Current assets Stocks Debtors Cash at bank and in hand 16 17 18 250 1,582 252,483 254,315 400 7.122 223,316 230,838 Credftors: Amount falllng due wlthln one year 19 114,4631 (18,521 Net current assets 239,852 212,317 Net assets 1,136,678 1,138,268 Funds of the charity: Unrestrlcted Income funds General funds 1,136,678 1,138,268 Member'5 funds 1,136,678 1,138,268 For the flnanclal year ending 31 December 2024 the charity was entitled to exemptlon from audlt under section 477 of the Companles Act 2006 relatlng to small Companles. Dlrectors. r8sponsibilities: The m8mb6rs have not required the charity to obtain an audlt of Its accounts for the year In questlon In accordance with section 476; and The dlrectors acknowledge thelr responslbllltles for 8nsurlng that the company keeps accounting records which compty with Section 386 of the Act and for preparlng flnanclal statements whlch glve a true and falr vlew of the state of affalrs of the company as at the end of the financial period and of its proflt or loss for the flnanclal parlod In accordance wlth the requlrements of Section 394 and 395 and which otherwise comply with the requirements of the Companles Act 2006 relatlng to accounts, so far as is applicable to the company. These accounts have been prepared in accordance wilh the provlslons appllcable to companles subject to the sm811 companles reglme wlthln part 15 of the Companles Act 2006. The financlal statements on pages 8 to 20 were approved by the trustees. and authorlsed for Issue on slgned on thelr behalf by: Kevln Pl Trustee
The Brockenhurst Village Trust Notes to the Flnanclal Statements for the Year Ended 31 December 2024 1. Aceounllng pollcles Summary of slgnificant accounting pollcles and key accountlng estlmates The principal accounting policies applied in the preparation of these financial stalements are set out below. Thes8 pollcles have been ¢on51stently applled to all the years pSented, unless otherwlse stated. Slatemont of compllanco The financlal statements have been prepared in accordance with Accounting and Reportlng by Charltles: Slatement of Recommended Practlce appll¢able to charitles preparing thelr accounts In accordance wilh the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effecllve 1 January 2019), the Charltles Act 2011. the Companl8s Act 2006 and UK Generally Accepted Accounting Practi. Basls of preparation The Brockenhurst Village Trust meets the definillon of a public benefit entity under FRS 102. Assets and Ilabllltles are Inltlally recognlsed at hlstorical cost or transactlon value unless otherwlsa stated In th8 ralevant accountlng polloy notes. Th6 accounts (flnanclal statemenls) are prepared In sterllng, whlch is the functional currency of the charlty. Monetary amounts in these financial statements are rounded to the nearest £. Golng concorn Th8 trustees ¢onslder that ther8 are no material uncortainties about the charity's ability to continue as a going concern nor any significant areas of uncertainty that affect the carrying value of assets held by the charlty. Exemptlon from preparlng a cash flow statement The charity has applled Update Bulletln 1 as publlshed on 2 February 2016 and does not include a cash flow slatement on the grounds that it is applying FRS 102 Section 1A. Judgemont and key sources of estlmatlon uncertalnty Th& prèparatlon of the flnancial statoments requires management to make judgements, estimates and assumptlons that affect the amounts reported. These esllmates and Judgements are continually reviewed and are based on exparlence and other factors, Includlng expectations of future events that are believed to be reasonable under the clrcumstances. Income and endowments All income Is recognlsed once the charity has entitlement to the income, it is probable that the Income wlll b8 r8celv8d and the amount of the income receivable can be measured reliably. Donatlons and logacles Donations ar8 recognised when the charity has been notified in wrlting of both the amount and setllement date. In the event that a donation Is subject to condltions that require a level of perft)rmancè by the charlty before the charlty 15 entitled to th8 funds, the Income Is deferred and not recognised untll either those condltions are fully met. or the fijlfilment of those conditions is wholly within the control of the charity and it Is probable Ihal these condltlons wlll be fulfllled In the raporting period.
The Brockenhurst Village Trust Notes to the Financial Statements for the Year Ended 31 December 2024 Grants recelvable Grants ar8 recognised when the charlty has an entitlement to the funds and any condltions Ilnked to the grants have been met. Where performance conditlons are attached to the grant and are yet to be met, the Income Is re¢ognised as a Ilability and included on the balance sheet as deferred incom8 to be released. Expondltura AII èxp8ndllure is recognised once there is a legal or constructive obllgatlon to that expenditure. it is probable settlement Is requlred and the amount can be measured reliably. All costs are allocated to the applicable expenditure headlng that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on 8 basls consist8nt with the use of resources. wlth Central staff costs allocated on the bas[5 of tlme spent, and depreciation charges allocated on the portlon of the asset's use. Other support costs ar8 allocated based on the spread of staff costs. Ralslng funds Thes6 ar6 Costs Incurred In attractlng voluntsry Income, the manag8m8nt of Investments and those Incurred in trading activities that ralse funds. Charltable actlvltles Charitable expendlture ¢omprls8S those costs incurred by the charity in the dellvery of Ils activltles and seNl¢es for Its b8n8ficlari&s. It Includes both costs that can be allocated dlrectly to such actlvities and those costs of an indirect nature neSSary to support them. Support costs Support costs Include central functlons and have been allocated to aclivlty cost categorles on a basls conslstent wlth the use of resources, for example, allocatlng property costs by floor areas, or per capita. staff costs by the time spent and other costs by thelr usage. Governance cosls These include the costs 8ttrlbutable to the charlty's compliance with constitutional and stalutory requlrements. Includlng audit. strateg1¢ management and trustees, meetings and relmbursed expenses. Govornmont grants Govemment grants are recognls8d based on the accrual model and are measured at the falr value of the asset received or receivable. Grants are classified as relatlng elther to ravonue or to assets. Grants relatlng to revenue are recognised In Income overthe perlod In whlch th8 related costs are recognised. Grants relatlng to assets are recognlsed over the expected useful Ilfe of the asset. Where part of a grant relatlng to an asset Is def8rr8d, It is recognised as deferred Income. Taxatlon The charity is considered to pass the tests set out In Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore It meets the deflnltlon of a charitable company for UK corporatlon tax purposes. Accordlngly, the ¢harlty Is pot8ntlally exempt from taxalion in respect of income or capltal galns r8celved wlthin categories covered by Chapter 3 Part 11 of the Corporatlon Tax Act 2010 or Section 256 of the Taxatlon of Chargeabl& Galns Act 1992. to the extent that such income or gains are applied excluslvely to charltabl& purp0s8S.
The Brockenhurst Village Trust Notes to the Flnanclal Statements for the Year Ended 31 December 2024 Tangible fixed assets Individual fixed assels are Inltlally recorded at cost, less any subsequent accumulated depreclallon and subsequent accumulated impairment losses. Depreciation and amortlsatlon Depreciation is provided on tangible fixed assets so as to wrlte off the cost or valuatlon, less any estlmated resldual value. over their expected useful economic Ilfe as follows: Asset Class Depreclallon method and rat0 Fr88hold land and property 2 %140/.15 /J100/.1330/o Straight line basis Equipment 5 %1100/0115Yo133 % straight line basis stock stock has been valued by the trustees at £250 (2023 . £400). Trade debtors Trade debtors are amounts due from customers for hall hlr8 In raspect of charltablè actlvltles. Trade debtors are recognised Inltially at the transaction price. Cash and cash equlvalents Cash and cash equivalents comprise cash on hand and call d8poslts. and other short-term hlghly Ilquld Investments that are readlly convertible to a known amount of cash and are subject to an insignificant rlsk of change in valuè. Trade cr8dltors Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppllers. Accounts payable are classlfled as current Ilabllilies If the charlty does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reportlng dat6. If there Is an uncondltlonal rlghl to defer settlement for at least twelve months after the reporting date, they are presented as non-current Ilabilities. Trade creditors are recognlsed initlally at the transactlon price and subsequently measured at amortlsed cost using the effective interest method. io
The Brockenhurst Vlllage Trust Notes to the Flnanclal Statements for the Year Ended 31 December 2024 2. Income from donatlons and lega¢lo8 Unrestrlcted funds General Total 2024 Total 2023 Donatlons and leqacles.. Donatlons from Indivlduals and grant making bodles Hall donatlons Glft ald reclalmed Government grants 1,250 1,268 332 2,456 4,224 2,456 4,224 6,680 6,860 2,850 3. Incomo from charltable actlvltles Unrestrfcted funds General Total 2024 Total 2023 Rental Income - operatlon5 of vlllage hall Charity shop income 96,317 58,943 155,260 96,317 58,943 155,260 97,983 42,655 140,648 4. Income from other tradlng actlvllles Unrestrlcted funds General Total 2024 Total 2023 Events income,. Events and entertainment 10,819 10,819 10,819 10,819 8,766 8,766 5. Investmonl Incom8 Unrestrlcted funds General Total 2024 Total 2023 Interest reclevable and slmllar Income; Interest reclevable on bank deposits 5,861 5,861 3,334 li
The Brockenhurst Vlllage Trust Notes to the Flnanclal Statements for the Year Ended 31 December 2024 6. Other Incomg Unrestricted funds General Total 2024 Total 2023 Income from solar panel feed In tarlff Cafe Sundry income 5,825 2,647 2,793 11,265 S,825 2,647 2,793 11,265 4,090 3,000 1,504 8,594 7. Expèndlturè on ralslng funds Unrestrlcted funds General Total 2024 Total 2023 Fundralslng trading costs; Entertainment Cafe / Bar stock 5007 5,007 784 5,791 4,378 250 4,628 784 5,791 8. Expondlture on charltablo activllies Unrestrlcted funds General Total 2024 Total 2023 Charitable 3ctivlties- Operatlon of village hall Charity shop cost The Welcome Hub cost Depreciation, amortisation and other similar costs Allocated support costs 38,705 24,421 488 38,705 24,421 488 35,568 86,502 185,684 29,858 12,006 430 31,316 80,664 154,274 35,568 86,502 185,684 All of the above expondlture was attrlbutable to unrestrlcted fijnds and there were no restrlcted funds in both current and prior years. In addilion to the expenditure analysed above, there are also governance costs of £500 (2023 - £1,485) which relate directly to charitable activities. See note 9 for further detalls. 12
The Brockenhurst Vlllage Trust Notes to the Flnancial Statements for the Year Ended 31 December 2024 9. Analysls of governance and support costs Support costs allocated to charltablè actfvltles Operatlon of Govemance vlllage hall costs Totsl 2024 Total 2023 Staff cost Admin cost Governance cost 86,002 86,002 71,336 5,375 1,485 78,196 500 500 86,002 500 86,502 Governance Costs Independent examinerfee General 2024 2023 Independent examlnerfs remuneration 51X) 500 500 1,485 1,485 soo 10. Net Incomlngloutgolng resources Net Incomlnglloutgolng) resource5 for the year Include 2024 2023 Depreclatlon of fixed a55ets Amortisation of charity shop 32,124 3,444 31,316 36,568 32,565 13
The Brockenhurst Village Trust Notes to the Flnanclal Statements for the Year Ended 31 December 2024 11. Trustees remunoration and oxpenses During the year Ihe charity made tha followlng transactlons wlth trustees: No trust88s, nor any persons connected wlth them. have received any remuneralion from the charlty during the year. No trustees have received any other benafits from the charlty durlng the year. 12. Staff costs The aggregata payroll costs W8re as follows: Wages and salaries during the year were £78,963 {2023.' £65.908) Pension costs during the year were £7,039 {2023: £5428 13. In each of the years under review no employee received emoluments of more than £60,000. The total employee benefits of the key man8gement personnel of the charity were £NII (2022 - £Nil). The monthly average number of persons (Includlng senlor management team) employed by the charlty during the year was as follows: 2024 No Average number of employees 13. Indepondent axamlner'8 ramunerallon Independent examiner's remuneration 2024 2023 Examination of the financial statements 500 1,485 14. Taxatlon The Charlly Is a regist8red charity and, therefore, is not liable for Income Tax or Corporation Tax on income derived from Its charitable activities, as It falls within the varlous exemptlons avallabl8 to r8glst8rèd charitles. 14
The Brockenhurst Vlllage Trust Notes to the Flnanclal Statements for the Year Ended 31 December 2024 15. Tanglble flxed assets Land and Fumfture and bulldlngs equlpment Total Cost At l January 2024 Additions At 31 December 2023 Depreciation At l January 2024 Charge forthe year At 31 December 2023 Net book value At 31 December 2024 At 31 December 2023 1,363,822 91,544 6,443 97,987 1,455,366 6,443 1,461,809 1,363,822 457,867 32,047 489,914 71,549 3,520 75,069 529,416 35,567 564,983 873,908 905,955 22,918 19,995 896,826 925,951 Included wilhln the gross book value of land and bulldlngs above Includes £1,162.573 (2022 - £1,124,798) of depreciable assets. 16. Stock 2024 2023 Stocks 250 400 17. Debtor8 2024 2023 Trade debtor5 Prepayments 1,582 3,556 3,566 7,122 1,582 18. Cash and cash equlvalents 2024 2023 Cash at bank 252,483 223,316 15
The Brockenhurst Vlllage Trust Notes to the Flnanclal Statements for the Year Ended 31 December 2024 19. Crodltors: amounts falllng due wlthln one year 2024 2023 Other creditors Accruals PAYE Pension 6,219 7,236 2,964 11,367 3,719 471 1,007 14,463 18,521 20. Charlty status The charity is Ilmlted by guarantee and consequently does not have share capltal. Each of the trustees Is Ilable to contrlbut8 an amount nol exedIng £1 towards the assets of the charity in the event of Ilquidatlon. 21. Controlllng entity The Charity is controlled by th8 truste8s who are all dlrectors of the company. 22. Funds Balance at I Jan-24 Incomlng resources ReSoue$ Balan¢e at 31 expended Dec-24 Unrestrlcted funds General General funds Deslgnated Renewal reseNe Totsl funds 1,010,823 189,886 1191,7251 1,008,984 127,445 1,138,268 127,445 1,136,429 189,886 1191,7251 Balance at I Jan-23 Incomlng sourtes Re50urtes Balance at 31 expended Oec-23 Unrestricted fund5 General General funds Desl8nated Renewal reseNe Total funds 1,043,308 164,191 1196,0761 1,011,423 89,671 1,133,069 37,774 1158,3021 127,535 1,138,958 164,191 16
The Brockenhurst Vlllage Trust Notes to the Flnanclal Statements for the Year Ended 31 December 2024 The speclflc purpos8s for whlch the funds are to be applled are as follows: Ronewal Reserve: to be used speciflcally on keeping the Hall facillties In worklng order and up to date and the bulldlng central heating boilers were renewed from this reseNe In 2021,. and installatlon of new solar panels In 2023. General funds: General fund represents funds avallabla to spend at the discretlon of the Twst88S. 23. Analys18 of not as8els between funds Unrestrfcted funds General Total funds at 31 Dec-24 Tangible fixed assets Current assets Current liabllities Total net asset5 896,826 234,315 {14,4631 1,136,678 896,826 234,315 114,463) 1,136,678 Unrestrlcted funds General Total funds at 31 Dec-23 Tanglble flxed assets Current assets Current Ilabllltles Total net assets 925,951 230,838 118,521) 1,138,268 926,951 230.838 118,521) 1,138,268 24. Related party transactlons There were no related party transactlons in the year. 17