REGISTERED COMPANY NUMBER: 04197076 (England and Wales) REGISTERED CHARITY NUMBER: 1089233 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 FOR MEMORIAL HALL ARTS & LEISURE COMPANY Harrison Black Limited East Quay Kite Hill Woollon Bridge Isle of Wight P033 4LA MEMORIAL HALL AR TS & LEISURE COMPANY CONTENTS OF THE FIINANCIAL sTATE￿IENTs FOR THE YEAR ENDED 31ST MARCH 2025 Page Report of the Trustees Independent Examiner's Report Slatement of Flnanclal Actlvltles Balance Sheet Notes lo the Financial Statements 8 to 15 MEMORIAL HALL ARTS & LEISURE COMPANY (REGISTERED NUMBER: 04197076) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2025 The Irustees who are also directo￿ of the charity for the purposes ol" the Companies Acl 2006, present their report with Ihe rinancial slatem¢nts of the charity foT the year ended 31st March 2025. The trustees have adopted th¢ provisions of Accounting and Reporting by Charities- Stateinent of Recomrneiided Prartice applicable to charities preparing their accounts in acLordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (etTective l January 2019). OBJECTIVES AND ACTIVITIES 01)jcctives and aims The charity is constiluled as a coinpany limited by guarantee and is iheretore governed by a memoranduin and articles of association. The Company's objectives are to provide t"acililies at the Memorial Hall, Freshwaler, Isle ot. Wight. for the benefil c)t" the local COTnmunily 10 enable Ihem to pursue educalional, theatrical and leisure acliviiies. Tlie charity Ib organised so thai Ihe trustees m¢el regularly to manage its affairs. Th¢r¢ is one part tim¢ administrator, who maiiag¢s the day to day administration of ihe Lharily, one part time bookkeeper, livo part time Laretakers and two P()rt time Lle(Iners. The Iruslees have had Ihe regard to the guidance issued by the Chariiy Cominission on public benefit. ACHIEVEMENTS AND PERFORMANCE Chai'itable activities We pride ourselves on being inclllsiv¢ VAnd a l)ub of the community? u110￿,In￿ them to pursue hobbie.s and be creative and providing a space for them lo keep fit and lead a healihy lifestyle. FINANCIAL REVIEW The total incoming reqources for the year amouiiled to £82.330 (2024 _ £79,366). with resources expended totalling £8i,225 (2024 - £92,354). This results in a nei defi¢il for the year of .£895 {2024 £13,888). The reserves ot'the charity at the year end total £50,673, of which £5,376 represent restricted funds. Unrestricted funds can be used in accordance with the charitable aclivilies at the discretion of the Iruitees. Restricted funds can be u8ed for particular re8lricted purposes within tlie objectq of the charity. Restrictions ari8e when specified by the donor or when fuiids are raised for a particular restricted purpose i.e public works, SllPPOrters funds, other restricted funds. STRUCTURE, GOVERNANCE AND MANAGEMEIYT Governing documenl The charity is controlled by its govemiiig docuinent, a deed of trust, and constitutes a liiMiled coinpany, limit¢d by guarantee, as defined by the Cumpdnies Acl 2006. Recrnitment and appointment of new trustees All members of the Council of Manageinent are also trustees ot" the charity and there are no other trustees. The Board has the power to appoint additional trustees as it considers fit to do so, REFERELYCE AND .4DMILYISTRATIVE DETAILS Registered Companv number 04197076 (England and Wales) R¢%i5tei-ed Chai'ity nutnber 1089233 Page I MEMORIAL HALL ARTS & LEISURE COMPANY (REGISTERED NUMBER: 04197076) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2025 Registered office Memorial Hall Avenue Road Freshwater Isle of Wight P040 9UU Trustees B Hobb. J Cave Dr B J C Hiiiton H J Benns {resigned 5.5.25) GDWyre A P Baillford J C Medland Irebigned 10.7.24 W M Whyte (appoiiiied 18.3.25) Independent Examiner Elizabeth Dack FCA FLCA Hurri.soii Bluck Liinited Easl Qiiay Kite Ilill Woolton Bridge Isle of Wight P033 4LA Approved by order of the board ot trustees on 22nd July 2025 and signed on its behalf by: G D Wyr¢ - Trus1¢¢ Page 2 INDEPENDENT EXAMINERIS REPORT TO THE TRUSTEES OF MEMORIAL HALL ARTS & LEISURE COMPANY Independent examiner's report to the trustees of Memorial Hall Arts & Leisure Company ('the Companv,) I report to the charity trustees on my examiiiation of the aicounts of the Company for the year ended 31 gt M￿L￿ 2025. Responsibilities and basis of report As tlie charity's trustees of the Compan}, (and also its directors for the purposes of company law} you are regponstble for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act,). Having satisfied myselt" thal the accounts ot. the Company are not required to be audited under Part 16 ot" the 2006 Act and are eligible t.or ind¢p¢ndenl examination, I report in respecl of my examination of your charily's accounls as carried out under Sectioll 145 of the Chariiies Act 2011 ('the 201 l Act,). In canying out my examination I have followed Ihe Directions given by the Charity Cominission und¢r Section 145(5) {b) of the 101 l Act. Independent examfiner's st%tement I hai'e completed my examination. I contLrm thal no matters have come to my attention in connection with the examiiiation giving me cause to believe: aLLouiiling reLords were n(Jl kept iii respect of the Company as required by SeLtion 386 of the 2006 ALI,. or the aLLounls do not accord with those records- or thc accounts do not comply with thc accounting rcquircmcnts of Scction 396 of thc 2006 Act othcr than any requireiiieiit thai Ihe accounls give a tru¢ aiid fair view which is nol a Inatler considered as part of an independent examination. or the accoun1% have not been prepared in aceordaiiee wilh the methods and principles of the Stateiiient of Recoinmended PraLtice for accounting aiid reporting by charilies (appliLable lo charities preparing their accounts iii accordance with the Financial Reportiiig Standard applicable in the UK and Republic of Ireland (FRS 102)). I hai'e no concernq and have coine across no other matters 111 connection with the examination to which attention should be drawn in this report in order to enable a proper under8tanding of the accounts to be reached. Elizabeth Da¢k FCA FCCA Harrisoii Black Limited East Qiiay Kitc Hill Wootton Bridge Isl¢ of Wight P033 4LA 30th July 2025 Page 3 MEMORIAL HALL AR TS & LEISURE COMPANY STATEMENT OF FINANCIAL ACTIVITIES (INCORPORA TING AN INCOME A]ND EXPENDTTURE ACCOUNT) FOR THE YEAR ENDED31ST MARCH 2025 2025 Total funds 2024 Total tunds Unresiricled fund Restricted funds INCOME AND ELNDOWME.NTS FROM Donations and legacies 14,909 14,909 17,534 Charitable aetivities Hall aclivilies 55,383 55,383 49.167 Other trading activities Inveslineiit income Other incoine Total 10,987 51 1,000 10.987 51 158 EXPENDITURE ON Raising funds 11,266 11,266 12.l)25 Charilable activities Hall aLlivities Total 93.254 NET INCOIIIEI(EXPENDITURE) (895) (13,888) RECONCILIATION OF FUNDS Total funds brought forward 46,191 5J77 51,568 65,455 TOTAL FUNDS CARRIED FORWARD The notes fonn part of these financial stateTnents Page 4 MEMORIAL HALL AR TS & LEISURE COMPANY STATEMENT OF FINANCIAL ACTIVITIES (INCORPORA TING AN INCOME A]ND EXPENDTTURE ACCOUNT) FOR THE YEAR ENDED31ST MARCH 2025 Surplus and Deticit Account 968 Posting discr¢panci¢s wer¢ found in th¢ reserve accounls listed below. This is because the brought fonvard posttngs in the current year are not equal to the figures carried fonvard by IRIS at the end of last year. Please check your posting% in the brought forward account for the surplus and deficit account 968. Reslricled funds Total funds Brought fonvard - 96811 5,377 5,377 Carried forward Difference Post lo relevant accounts (see ICHA chart of accounts for further details) The notes fonn part of these financial stateTnents Page 5 MEMORIAL HALL ARTS & LEISURE COMPANY (REGISTERED NUMBER: 04197076) BALANCE SHEET 31ST MARCH 2025 2025 Total funds 2024 Totsl funds Unrestricted fund Restricted funds Notes FIXED ASSETS Tangible assets 35,389 35,3119 37,461 CIJRREIYT ASSETS Stocks Debiors Cash ai bank and in hand 1,379 1,379 9.579 1,053 8,820 12 IS,833 5,377 21,210 17,954 CREDITORS Ani(iunl8 falling due within one year 13 (5,926) (5,926) (3.848) NET CURRENT ASSETS 5,377 14,106 TOTAL ASSETS LESS CURRENT LIABILITIES 45,296 5,377 50,673 51,567 NET ASSETS FUNDS Unreslricte(I fund4 Restricled ￿LId. TOTAL FUNDS 14 46.191 5.37Cp The Lhariiable company is entitled to exemption from audit under Seciion 477 of the Companies Act 2006 for the year ended 3 1st March 2025. The member.s have not required the company lo obtaill &n audit of ils financial statements for the year ended 3 1st March 2025 iii accordance with Section 476 of the Companies Act 2006. Th¢ Irustees acknowledge their responsibilities tor (a) eiisuring that the charitable compaiiy keeps accounting records that comply with Sectioiis 38() aiid 3[47 of the Cumpiinies ALI 2006 on r¢du¥ingy bJlunL¢ 501/b o on cosl Stoeks stoe.ks are valiied At the lower of cosl and nel realisable valiie, rifter making dlie allowance for obsolete and slow moving itcms. Taxalion The charity is exempt from corporation tdx on ity charitable dctivities. Fund accounting Unrestricted funds can be used in accordance with the charitable objectives at the discretion ot the trustees. Page 8 continued... MEMORIAL HALL AR TS & LEISURE COMPANY NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2025 ACCOUNTING POLICIES- continued Fund accounting Restricted fund.% can only be used for particular restricted purpo.%es within the objects of the charity. Re%triction arise ivhen specified by the donor or when fundg are raiged for particular i-estrieted purposes. Further explanation ot" the natur¢ and purpose of each fund is included in the notes to the financial stateinenls. OTHER TRADING ACTIVITIES 2025 2024 Bar income 12.507 INVESTMENT INCOME 2025 2024 Deposit account inleresl 51 158 RAISING FUNDS Ralslng donatlons and legacles 2025 2024 Support coyly NET INCOME/(EXPENDITURE) Net incomel(expenditure) is stated after chargingl(crediling)'. 2025 2024 Depreciation - owned assets Page 9 continued... MEMORIAL HALL AR TS & LEISURE COMPANY NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2025 TRUSTEES, REMUNERATION AND BENEFITS There wer¢ no trustees, remuneration or other beiief1ts for Ihe year ended 31 st March 2025 nor for the year ended 31 %t Nlarch 20?4, Trustees, expenses There were no trustees, expenses paid for the year ended 31st March 2025 nor for the year ended 31.st hqarch 20?4, STAFF COSTS The aiierag¢ monthly number of employees diiriiig the year was as follows: 2025 2024 Adininistration Bookkeeper Caretaker Cleaner No cmployccs rcccivcd cmolumcnts in cxccss ot. £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund Re%trieted funds Total funds INCOME AND ENDOWMENTS FROM Donations and legacies 17,534 17,534 Charitable aetivities Hall activities 49,167 49,167 Other ti-ading activities Investment incoine Total 12,507 158 12,507 158 EXPENDITURE ON Raising funds 12,925 12.925 Charitable activities Hall activitie Total L)3,254 93,254 Page 10 continued... MEMORIAL HALL AR TS & LEISURE COMPANY NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2025 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES- continued Unreslricled Reslricted fund funds Tolal NET INCOMEI(EXPENDITURE) (13.888) (13,888) RECONCILIATION OF FUNDS Total funds brought forward ()0.079 5,376 65,455 TOTAL FUNDS CARRIED FORWARD 10. TANGIBLE FIXED ASSETS Improvcmcnts lo property Plant and ma¢hinery Compiitcr equipment Totals COSiT At Isl April 2024 and 31 st March 2025 DF.PRF.CIATION At I sl April 2024 Charge for year At 31st MarLh 2025 NET BOOK VALUE At 3141 Matcli 20?5 At 31 gt Match 2024 6,943 220 20,567 1,044 2,072 311.1)26 Pagell continued... MEMORIAL HALL AR TS & LEISURE COMPANY NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2025 11. STOCKS 2025 2024 Stocks 12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2U24 Trade debiors Prepayments 6,434 3.145 5,942 13. CREDITORS: AMOLINTS FALLING DUE WITHIN ONE YEAR 2025 2024 Deposits in advance Trade cr¢dilors Social security and other taxes Accruals and deferred income 1,023 2,250 464 2.189 1,066 679 122 14. MOVEMENT IN FUNDS Net iii(TrveiiJeiil in funds At 1.4.24 .31.3.25 Unre8triLted funds CTeiieral fiind 46,191 Restrieled funds Public Works Fund Other Reblricted Funds Suppurters Fuiids 1,802 2.132 1,802 2,132 TOTAL FUNDS Page 12 continued... MEMORIAL HALL AR TS & LEISURE COMPANY NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2025 14. MOVEMENT IN FUNDS- continued Net movement in funds. included in the above are as follows: Ineoming resources Resources expended Movement in tunds Unrestricted funds General flind 82,330 (83,225) (895} TOTIKL FUNDS 83 225) ¥95 Comparatives for moiement in funds Net movement in funds At 31.3.24 At 1.4.23 Unrestricted funds Geiieral fund 60,079 (13,%88) 46,191 Restricted funds Public Work"s Fund Other Reslricled Funds Supporterg Funds 1,801 2,132 1,443 5,376 1,801 2.132 1,443 5.376 515()7 TOTAL FUNDS 13 %88) Comparative net moveinent in funds, included in tlie above are as follows: Incoming resources Resources expended Movement in tunds Unrestricted fund$ General luiid 79.366 (93 ?54) (13.888) TOTAL FUNDS 93 ?54) 13 888) Page 13 continued... MEMORIAL HALL AR TS & LEISURE COMPANY NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2025 14. MOVEMENT IN FUNDS- continued A current year12 month8 and prior year 12 months combined position 18 as follows.. Net movement in funds At .31.3.25 At 1.4.23 Unrestricted funds General fund 60,079 (14,783) 45,296 Restricted funds Public Works Fund Other R¢strict¢d Funds Suppurters Funds 1,801 2,132 1,443 1,801 2,132 TOTAL FUNDS 14 783) A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as tollows.. Incoiiiiii resources Resource expendLd Moveinei)t in fuiids Unrestricted funds Geiieral fund 161,696 (176,479) {14,7%3) TOTAL FUNDS 16169() 176 479) 14 7*3) Purpose of Restricted Funds The Public Works Fund represents funds received from Totland and Freshwater Parish Councils to be iised tor structural works lo maintain the integrity of the faci l ity and to ensure it remain5 available as a community resource. Page 14 continued... MEMORIAL HALL AR TS & LEISURE COMPANY NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2025 15. RELATED PARTY DISCLOSURES There wer¢ no related party transactions for the year ¢nded 3 1st March 2025, Page 15 This document was delivered using electronic communications and authenticated in accordance with thc registrar's rulcs relating to elcctronic form, authentication and manner of delivery under section 1072 of the Companies Act 2006.