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← The Ware Drill Hall Association Limited

2024-09-30-accounts

Charity registration number 1090348

Company registration number 04291929 (England and Wales)

THE WARE DRILL HALL ASSOCIATION LIMITED (A CHARITABLE COMPANY LIMITED BY GUARANTEE) ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

THE WARE DRILL HALL ASSOCIATION LIMITED (A CHARITABLE COMPANY LIMITED BY GUARANTEE) LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Mr B Worthington MBE Mr A J Young Ms P R Ballam Mr M Pope Mr R D M Gray Mr J Clarke Charity number 1090348 Company number 04291929 Registered office 17 Amwell End Ware Hertfordshire SG12 9HP Independent examiner Gary Howard FCA Howard Wilson Chartered Accountants 36 Crown Rise Watford Hertfordshire WD25 0NE Bankers CAF Bank 25 Kings Hill Avenue West Malling Kent ME19 4JQ

THE WARE DRILL HALL ASSOCIATION LIMITED (A CHARITABLE COMPANY LIMITED BY GUARANTEE) CONTENTS

Page
Trustees report 1 - 3
Independent examiner's report 4
Statement of financial activities 5
Balance sheet 6
Notes to the financial statements 7 - 16

THE WARE DRILL HALL ASSOCIATION LIMITED (A CHARITABLE COMPANY LIMITED BY GUARANTEE) TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 30 SEPTEMBER 2024

The trustees present their annual report and financial statements for the year ended 30 September 2024.

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 charitable company's [governing document], the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019).

Objectives and activities

The objects of the company as stated in the Memorandum and Articles of Association are:

The principal activity of the company is the operation of the Drill Hall in Ware for the benefit of the local community as a venue for sports, arts and general community use. The Lease of the Hall is made possible under a lease granted by East Hertfordshire District Council (E.H.D.C.). Any surplus generated by the charity will be retained to meet exceptional expenditure and to assist with the development of the facility.

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charitable company should undertake.

Achievements and performance

The company ("the Charity') is responsible for the operation of Ware Drill Hall which has continued to be available to the wider local community for hire.

The Drill Hall continues to change the types of bookings.

The Drill Hall is well booked however, the Hall will need to advertise its unique size and location to ensure the Arts and Culture bookings grow. The old Caretakers Flat needs to be converted to a hirable community space to increase revenue for the organization.

James Reed is now employed by the Ware Drill Hall since 1[st] April 2024 and Belinda Nuttall has been employed as the Premises Manager from January 2022. Belinda lives in the local area and has a wealth of community experience as a self-employed fitness professional and also working within Leisure Management in Ware. She has a wide range of skills that are transferable to benefit the Drill Hall with future developments. James also lives in the local area and has huge maintenance and general handyman experience to be able to maintain the building appropriately. He also has very strong interpersonal skills that are a huge asset to the association and is very popular with the hirers.

THE WARE DRILL HALL ASSOCIATION LIMITED (A CHARITABLE COMPANY LIMITED BY GUARANTEE) TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024

The financial year 2023/2024 has been spent looking for ways to increase revenue, reduce costs and keep working towards the implementation of the Feasibility Study that was completed in July 2002. Progress has been made with the development of the new rehearsal space in the service yard of the hall and the old caretakers flat.

The flat has not been inhabited since the previous Caretaker left in April 2022. In July 2023 the Association engaged Hertford Planning Services to provide the professional planning/architectural services relating to the preparation of design scheme drawings for the various work proposed and submission of applications to East Herts District Council. Plans have been drawn to change the caretakers flat to an independent residential dwelling and to build a studio extension where the old garage is now. Initial plans/drawings were received in September 2023 and a pre-planning application was submitted in March 2024 and the feedback received was generally positive however the Planning Department felt that the suggested works to the main entrance to gain independent access to the upstairs residential flat was inappropriate. It was then decided to change the rooms to community use and this plan is currently in process. Initial positive feedback was also received from the Planning Department for the demolition of the garage, but they did not want to demolish the old toilet block and want it to be included in the design.

The plan to install two Digital Notice Boards on the exterior of the building is also in process. James Reed is now employed directly by the Ware Drill Hall and under contract as planned since the 1[st] of April 2024. A Health and Safety Audit was completed by Mr Keith Batchelor in March 2024 and there is a Health and Safety Action Plan that is in process. A new website has been commissioned and produced by James Craker at Crackerjac www.waredrillhall.org along with email addresses for the team @waredrillhall.org.

A small scale refurbishment of the upstairs rooms at the Drill Hall has been carried out in the summer of 2024 to make the rooms useable as they are for Green Rooms for the larger productions like Ware Musical Theatre.

The contract for Peninsula was renegotiated to be for HR Services only and not to include Health and Safety. A local advisor Keith Batchelor only, not to include HR services and a Health and Safety visit was scheduled for the end of 2023.

Financial review

During the period the Charity operated successfully, generating bookings income for the Hall of £90,432 (2023: £72,471). There was grant income of £2,900 received in the year (2023: £Nil).

Charitable expenditure for the year was £96,478 (2023: £101,113) which is comparable with previous years.

Overall, the charity had a net deficit for the year of £516 (2023: deficit of £27,344) and unrestricted reserves of £91,495 available to carry forward.

Reserves policy

The trustees will seek to build sustainable unrestricted reserves to a level sufficient to provide financial stability, meet exceptional expenditure and to assist with any future development of the facility.

Risk management

The trustees have assessed the major risks to which the charitable company is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.

THE WARE DRILL HALL ASSOCIATION LIMITED (A CHARITABLE COMPANY LIMITED BY GUARANTEE) TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024

Plans for future periods

Subject to availability of funds the charity plans to:

  1. Continue to work towards the conclusion of the Ware Drill Hall Feasibility Plan including a new rehearsal studio space and a change of use of the caretakers flat

  2. To continue to implement any Health and Safety actions needed including the 5 Year Electrical Safety Check.

  3. To continue to increase weekend bookings

  4. To purchase new badminton posts and nets

  5. To improve the AV facilities for hirers

  6. To apply for reduced rate VAT with current energy provider

  7. To increase revenue for the Hanbury Room

  8. To have the Digital Noticeboards on the front of the building

  9. To replace the emergency exit door in the kitchen

  10. To replace the main hall doors

Structure, governance and management

The charitable company is a company limited by guarantee of the members to a maximum of £1 each and was incorporated on 21 September 2001. The company is also a registered charity and gained charitable status on 31 January 2002.

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

Mr B Worthington MBE

Mr A J Young Ms P R Ballam Mr M Pope Mr R D M Gray Mr A L Warman (Retired 31 January 2025) Mr J Clarke

None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £1 in the event of a winding up.

The board of trustees, which has at least four members, meets regularly to administer the charity. The trustees are appointed in accordance with the company's memorandum and articles of association.

New trustees are asked to familiarise themselves on the duties and responsibilities of being a trustee in accordance with the guidance provided by the Charity Commission in England and Wales.

The trustees report was approved by the Board of Trustees.

Mr B Worthington MBE

Trustee

5 June 2025

THE WARE DRILL HALL ASSOCIATION LIMITED (A CHARITABLE COMPANY LIMITED BY GUARANTEE) INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF THE WARE DRILL HALL ASSOCIATION LIMITED

I report to the trustees on my examination of the financial statements of The Ware Drill Hall Association Limited (the charitable company) for the year ended 30 September 2024.

Responsibilities and basis of report

As the trustees of the charitable company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act).

Having satisfied myself that the financial statements of the charitable company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charitable company’s financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

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:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

Gary Howard FCA

Howard Wilson Chartered Accountants 36 Crown Rise Watford Hertfordshire WD25 0NE

Dated: 11 June 2025

THE WARE DRILL HALL ASSOCIATION LIMITED (A CHARITABLE COMPANY LIMITED BY GUARANTEE) STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 30 SEPTEMBER 2024

Unrestricted
Restricted
funds
funds
2024
2024
Notes
£
£
Income from:
Donations and legacies
3
1,357
2,900
Charitable activities
4
90,432
-
Investments
5
1,273
-
Total income
93,062
2,900
Expenditure on:
Charitable activities
6
90,939
5,539
Total expenditure
90,939
5,539
Net income/(expenditure)
2,123
(2,639)
Transfers between
funds
900
(900)
Net movement in
funds
7
3,023
(3,539)
Reconciliation of funds:
Fund balances at 1 October
2023
88,472
12,436
Fund balances at 30
September 2024
91,495
8,897		 Total
Unrestricted
Restricted
funds
funds
2024
2023
2023
£
£
£
4,257
259
-
90,432
72,471
-
1,273
1,039
-
95,962
73,769
-
96,478
97,491
3,622
96,478
97,491
3,622
(516)
(23,722)
(3,622)
-
-
-
(516)
(23,722)
(3,622)
100,908
112,194
16,058
100,392
88,472
12,436		 Total
2023
£
259
72,471
1,039
73,769
101,113
101,113
(27,344)
-
(27,344)
128,252
100,908

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

THE WARE DRILL HALL ASSOCIATION LIMITED (A CHARITABLE COMPANY LIMITED BY GUARANTEE) BALANCE SHEET

AS AT 30 SEPTEMBER 2024

Notes
Fixed assets
Tangible assets
11
Current assets
Debtors
12
Cash at bank and in hand
Creditors: amounts falling due within
one year
13
Net current assets
Total assets less current liabilities
The funds of the charitable company
Restricted income funds
15
Unrestricted funds
16		 2024
£
21,126
53,772
74,898
(18,599)		 £
44,093
56,299
100,392
8,897
91,495
100,392		 2023
£
7,476
61,631
69,107
(16,986)		 £
48,787
52,121
100,908
12,436
88,472
100,908

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 30 September 2024.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the trustees on 5 June 2025

Mr B Worthington MBE Mr J Clarke
Trustee Trustee

Company registration number 04291929 (England and Wales)

THE WARE DRILL HALL ASSOCIATION LIMITED (A CHARITABLE COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

1 Accounting policies

Charity information

The Ware Drill Hall Association Limited is a private company limited by guarantee incorporated in England and Wales. The registered office is 17 Amwell End, Ware, Hertfordshire, SG12 9HP.

1.1 Accounting convention

The financial statements have been prepared in accordance with the charitable company's governing document, the Companies Act 2006, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The charitable company is a Public Benefit Entity as defined by FRS 102.

The charitable company has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.

The financial statements are prepared in sterling, which is the functional currency of the charitable company. Monetary amounts in these financial statements are rounded to the nearest £.

The charitable company 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 charitable company 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.

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.

1.4 Income

Income is recognised when the charitable company 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 charitable company 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.

Income from the hall hire and management administration fees represent amounts receivable in respect of services provided and are included in the period to which the income relates.

Income from government and other grants, whether from capital or revenue grants, is recognised when the charitable company has entitlement to the funds and any conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred. Investment income is included when receivable.

THE WARE DRILL HALL ASSOCIATION LIMITED (A CHARITABLE COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2024

1 Accounting policies

(Continued)

1.5 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably. Irrecoverable VAT is included within the items of expense to which it relates.

Charitable expenditure comprises those costs incurred by the charitable company in the delivery of its activities and services for its beneficiaries. It includes both costs that can allocated directly to such activities and those costs of an indirect nature necessary to support them.

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

The company has a policy not to capitalise individual assets acquired for a cost of less than £500.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold improvements over the term of the lease Plant and equipment over 3 years Fixtures and fittings over 10 years

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.7 Impairment of fixed assets

At each reporting end date, the charitable company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.8 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.

1.9 Financial instruments

The charitable company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charitable company's balance sheet when the charitable company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

THE WARE DRILL HALL ASSOCIATION LIMITED (A CHARITABLE COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024

1 Accounting policies

(Continued)

Basic financial assets

Basic financial assets, which include debtors 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 creditors 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 creditors 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 creditors 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 charitable company’s contractual obligations expire or are discharged or cancelled.

1.10 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charitable company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.11 Limited by Guarantee

The company is limited by guarantee without share capital. In the event of the company being wound up, each member is liable to contribute to the payment of debts and liabilities of the company as may be required, not exceeding £1.

2 Critical accounting estimates and judgements

In the application of the charitable company’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

THE WARE DRILL HALL ASSOCIATION LIMITED (A CHARITABLE COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024

3 Income from donations and legacies

Unrestricted
Restricted
funds
funds
2024
2024
£
£
Donations and gifts
1,357
-
Grants
-
2,900
1,357
2,900
Grants
Ware Town Council
-
2,000
Hertfordshire County
Council
-
600
East Herts Council
-
300
-
2,900		 Total
Unrestricted
Restricted
funds
funds
2024
2023
2023
£
£
£
1,357
259
-
2,900
-
-
4,257
259
-
2,000
-
-
600
-
-
300
-
-
2,900
-
-		 Total
2023
£
259
-
259
-
-
-
-

4 Income from charitable activities

Unrestricted Unrestricted
funds funds
2024 2023
£ £
Hall income 90,432 72,471
5 Income from investments
Unrestricted Unrestricted
funds funds
2024 2023
£ £
Interest receivable 1,273 1,039

THE WARE DRILL HALL ASSOCIATION LIMITED (A CHARITABLE COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2024

6 Charitable activities

Operation of
Operation of
Drill Hall Drill Hall
2024 2023
£ £
Staff costs 17,214 12,544
Depreciation and impairment 9,446 9,257
Advertising and marketing 265 844
Premises costs 51,282 58,154
Insurance costs 490 894
Office costs 1,670 3,895
Computer costs 1,206 1,371
Licences 391 1,535
General expenses 1,286 982
Legal and professional costs 10,648 8,789
Governance costs 2,520 2,760
Bank charges and other finance costs 60 88
96,478 101,113
Analysis by fund
Unrestricted funds 90,939 97,491
Restricted funds 5,539 3,622
96,478 101,113
Premises costs
Repairs, replacements and maintenance 11,732 8,112
Utilities 15,826 26,231
Refuse collection 987 1,571
Insurance - 1,931
Cleaning and materials 2,752 1,140
Caretaker fees 19,985 19,169
51,282 58,154
Included within governance costs are independent examiners fees of £2,520 (2023 - £2,760).
7 Net movement in funds 2024 2023
£ £
The net movement in funds is stated after charging/(crediting):
Depreciation of owned tangible fixed assets 9,446 9,257

THE WARE DRILL HALL ASSOCIATION LIMITED (A CHARITABLE COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2024

8 Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charitable company during the year.

9 Employees

The average monthly number of employees during the year was:

2024 2023
Number Number
Administrator 1 1
Caretaker 1 1
Directors/Trustees 8 7
Total 10 9
Employment costs 2024 2023
£ £
Wages and salaries 16,234 11,850
Social security costs 980 694
17,214 12,544

There were no employees whose annual remuneration was more than £60,000.

Remuneration of key management personnel

The remuneration of key management personnel was as follows:

2024 2023
£ £
Aggregate compensation 17,214 12,544

10 Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

THE WARE DRILL HALL ASSOCIATION LIMITED (A CHARITABLE COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2024

11
Tangible fixed assets
Leasehold
improvements
Plant and
equipment
Fixtures and
fittings
£
£
£
Cost
At 1 October 2023
90,793
28,740
100,331
Additions
-
2,258
2,494
At 30 September 2024
90,793
30,998
102,825
Depreciation and impairment
At 1 October 2023
78,089
27,966
65,022
Depreciation charged in the year
1,059
995
7,392
At 30 September 2024
79,148
28,961
72,414
Carrying amount
At 30 September 2024
11,645
2,037
30,411
At 30 September 2023
12,704
774
35,309
12
Debtors
2024
Amounts falling due within one year:
£
Trade debtors
12,597
Other debtors
39
Prepayments and accrued income
8,490
21,126
13
Creditors: amounts falling due within one year
2024
Notes
£
Deferred income
14
7,522
Trade creditors
4,491
Other creditors
903
Accruals
5,683
18,599
14
Deferred income
2024
£
Other deferred income
7,522		 Total
£
219,864
4,752
224,616
171,077
9,446
180,523
44,093
48,787
2023
£
6,932
70
474
7,476
2023
£
6,387
1,224
1,007
8,368
16,986
2023
£
6,387

THE WARE DRILL HALL ASSOCIATION LIMITED (A CHARITABLE COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2024

14 Deferred income

(Continued)

Deferred income is included in the financial statements as follows:

Deferred income is included within:
Current liabilities
Movements in the year:
Deferred income at 1 October 2023
Released from previous periods
Resources deferred in the year
Deferred income at 30 September 2024		 2024
£
7,522
6,387
(6,387)
7,522
7,522		 2023
£
6,387
1,378
(1,378)
6,387
6,387

15 Restricted funds

The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.

At 1 October Incoming Resources Transfers At 30
2023 resources expended September
2024
£ £ £ £ £
Curtains Fund 17 - (17) - -
Staging Fund 3,836 - (1,772) - 2,064
Fire Alarm Fund 2,583 - (1,000) - 1,583
Auditory Experience Fund 6,000 - (750) - 5,250
Ware Town Council - 2,000 (2,000) - -
Hertfordshire County Council - 600 - (600) -
East Herts District Council - 300 - (300) -
12,436 2,900 (5,539) (900) 8,897
Previous year: At 1 October Incoming Resources Transfers At 30
2022 resources expended September
2023
£ £ £ £ £
Curtains Fund 117 - (100) - 17
Staging Fund 5,608 - (1,772) - 3,836
Fire Alarm Fund 3,583 - (1,000) - 2,583
Auditory Experience Fund 6,750 - (750) - 6,000
16,058 - 3,622 - 12,436

THE WARE DRILL HALL ASSOCIATION LIMITED (A CHARITABLE COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024

15 Restricted funds

(Continued)

In 2014 the company received a grant of £1,000 towards the cost of curtains in the main hall.

In 2015 the company received a grant of £10,000 from the National Lottery towards the cost of new staging. In 2016 a further £7,716 was received and the asset was capitalised.

In 2015 the company received a grant of £10,000 towards the cost of a new fire alarm system.

In 2021 the company received £7,500 from the local authority towards the costs of the Auditory Experience project.

Grants of a capital nature continue to be released to the unrestricted general fund in line with the depreciation policy of the asset which was capitalised and is included within the transfer between funds.

The grant from Ware Town Council is towards the costs of resealing the floor and repainting the badminton lines.

The grants from Hertfordshire County Council and East Herts District Council were to fund purchase of a commercial scrubber dryer which has been purchased and capitalised in the accounts.

16 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 1 October Incoming Resources Transfers At 30
2023 resources expended September
2024
£ £ £ £ £
General funds 88,472 93,062 (90,939) 900 91,495
Previous year: At 1 October Incoming Resources Transfers At 30
2022 resources expended September
2023
£ £ £ £ £
General funds 112,194 73,769 (97,491) - 88,472

THE WARE DRILL HALL ASSOCIATION LIMITED (A CHARITABLE COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024

17 Analysis of net assets between funds

Unrestricted
Restricted
funds
funds
2024
2024
£
£
At 30 September 2024:
Tangible assets
35,196
8,897
Current assets/(liabilities)
56,299
-
91,495
8,897
Unrestricted
Restricted
funds
funds
2023
2023
£
£
At 30 September 2023:
Tangible assets
36,351
12,436
Current assets/(liabilities)
52,121
-
88,472
12,436		 Total
2024
£
44,093
56,299
100,392
Total
2023
£
48,787
52,121
100,908

18 Related party transactions

There were no disclosable related party transactions during the year (2023 - none).