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2025-09-30-accounts

Company registration number 04291929 (England and Wales)

Charity registration number 1090348 (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 2025

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 J Clarke
Ms E J Taylor
Mr J L Mizen
Secretary Ms B Nuttall
Country of incorporation United Kingdom 04291929
(England and Wales)
Charity registration England and Wales 1090348
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 - 4
Independent examiner's report 5
Statement of financial activities 6
Balance sheet 7
Notes to the financial statements 8 - 17

THE WARE DRILL HALL ASSOCIATION LIMITED (A CHARITABLE COMPANY LIMITED BY GUARANTEE) TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 30 SEPTEMBER 2025

The trustees present their annual report and financial statements for the year ended 30 September 2025.

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, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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)".

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 financial year 2024/2025 has focused on identifying opportunities to increase revenue, reduce operating costs and continue progressing the objectives set out within the Feasibility Study completed in July 2002. Particular attention has been given to improving use of underutilised areas of the building, enhancing facilities and investing in projects intended to support the long-term sustainability of the Drill Hall.

Work has continued in relation to the proposed new rehearsal/studio space within the service yard and the future use of the former caretaker’s flat and upstairs rooms. The proposal to change the use of the upstairs accommodation to community rooms remains ongoing and planning permission has been applied for, with the Association currently awaiting a decision notice from the Local Planning Authority. The proposed change of use would enable the rooms to be used more effectively for meetings, office space, support services and wider community activities, whilst also generating an additional income stream for the Association.

During Summer 2025, a programme of remedial works was undertaken to improve the upstairs rooms and make them more suitable for future community use. The works included general repairs, redecoration and essential maintenance improvements. Whilst these initial works have helped bring the rooms closer to a usable standard, further investment and external funding will be required before the spaces can become fully operational and available for long-term hire.

Following a review of progress on the studio extension project, the Trustees took the decision not to continue with Hertford Planning Services for the next stages of the planning application process. It was felt that there was a lack of shared vision and understanding regarding the Association’s aims and the wider long-term ambitions for the Drill Hall. The Trustees have therefore decided to seek alternative professional support with greater experience of planning applications involving Grade II listed buildings and a stronger appreciation of the Association’s objectives.

THE WARE DRILL HALL ASSOCIATION LIMITED (A CHARITABLE COMPANY LIMITED BY GUARANTEE) TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025

Progress has also continued with proposals to install two digital noticeboards on the exterior of the building. Planning permission has been applied for, with installation anticipated during Spring 2026 subject to approval. The noticeboards are intended to improve communication with the local community and provide a more effective and flexible method of promoting events, activities and announcements taking place at the venue. Given the listed status of the building, careful consideration has been given to the design and positioning of the screens to ensure they remain sympathetic to the character of the property.

The Association was also extremely grateful during the year to receive the donation of a professional PA system and mixing desk suitable for larger productions and live events. This has significantly enhanced the technical facilities available at the venue, improving production capability and reducing the need for external equipment hire for certain events.

Further investment was made in additional staging equipment to allow additional tiered seating for theatrical performances and audience-based events. The new equipment increases the flexibility of the venue and improves audience sightlines and overall presentation for performances, helping strengthen the Drill Hall’s position as a local performance venue.

In reviewing opportunities to increase revenue from the Hanbury Room, the Trustees agreed that further efforts to actively market and expand use of the space should be deferred until refurbishment works have been completed. Refurbishment of the room is currently planned for Summer 2026 and the Association intends to seek grant funding towards the cost of the works. The proposed improvements are intended to enhance the appearance, flexibility and overall appeal of the space for meetings, classes, community activities and private hire.

Projects to replace both the kitchen emergency exit door and the Main Hall entrance doors also remain ongoing. Planning permission is now in place for the works and the Trustees intend to seek external funding support before progressing further. The replacement doors are intended to improve the appearance, accessibility, security and energy efficiency of the building.

During the year, the Association also completed the statutory five-year electrical installation safety inspection for the building, as required by current regulations. The inspection was completed successfully and only a minimal amount of remedial work was identified and carried out, providing reassurance regarding the condition and safety of the building’s electrical infrastructure.

The Association additionally explored opportunities to reduce utility costs by applying to British Gas Lite for a reduced rate of VAT on energy supplies due to the building’s community use. Following further review, it transpired that the Association was not eligible for the reduced rate due to the commercial nature of part of the venue’s activities and income generated through hall hire. Whilst unsuccessful, the process provided greater clarity regarding the Association’s status and the rules surrounding VAT relief for energy costs.

Overall, the year has been one of continued development and forward planning for the Association, with significant focus placed on improving the long-term sustainability of the Drill Hall through investment in facilities, increased use of underutilised spaces and exploration of new income opportunities. Progress has been made across a number of building and infrastructure projects, alongside improvements to the venue’s technical capabilities and operational facilities. Whilst many projects remain dependent on external funding and planning approvals, the Trustees remain committed to enhancing the building, expanding community use and ensuring the Drill Hall continues to develop as a vibrant and financially sustainable community and performance venue for the future.

Financial review

During the period the Charity operated successfully, generating bookings income for the Hall of £81,397 (2024: £90,432). There was no grant income received in the year (2024: £2,900).

Charitable expenditure for the year was £97,152 (2024: £96,478) which is comparable with previous years.

Overall, the charity had a net deficit for the year of £13,456 (2024: deficit of £516) and unrestricted reserves of £81,561 available to carry forward.

THE WARE DRILL HALL ASSOCIATION LIMITED (A CHARITABLE COMPANY LIMITED BY GUARANTEE) TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025

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.

Plans for future periods

Subject to the availability of funding, the Association plans to:

  1. Continue progressing the objectives set out within the Ware Drill Hall Feasibility Plan, including proposals for a new rehearsal/studio space. Following revised architectural drawings and ongoing discussions with the Conservation Officer, the Association is reviewing the next steps for the project and exploring alternative professional support to progress the scheme.

  2. Develop the facilities and operational arrangements required to allow the Association to operate a bar directly for selected events and activities, including ensuring appropriate training and licensing requirements are in place.

  3. It is intended that Belinda Nuttall obtains a Personal Licence for the sale of alcohol and that both Belinda Nuttall and James Reed undertake First Aid training.

  4. Continue to improve the venue’s audio-visual and technical facilities to enhance the experience for hirers, performers and audiences.

  5. Continue to attract larger-scale music events and productions to broaden the venue’s programme and increase revenue opportunities.

  6. Expand and strengthen daytime activities, groups and clubs, including exploring opportunities to develop Association-led activities supported through external grant funding where appropriate.

  7. Continue efforts to increase weekend bookings and maximise use of the venue throughout the year.

  8. Replace the kitchen emergency exit door, subject to funding being secured.

  9. Replace the Main Hall entrance doors, subject to funding being secured.

  10. Continue efforts to recruit new Trustees with a range of skills and experience to support the ongoing development, governance and long-term sustainability of the Association.

  11. Work with the relevant parties regarding the proposed transfer of the building’s landlord arrangements from East Hertfordshire District Council to Ware Town Council, should this proposal progress.

  12. Build and develop the venue’s subscriber and mailing list database in order to improve communication, audience engagement and promotion of events and activities taking place at the Drill Hall.

  13. 3 -

THE WARE DRILL HALL ASSOCIATION LIMITED (A CHARITABLE COMPANY LIMITED BY GUARANTEE) TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025

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 (Resigned 1 May 2026) Mr J Clarke Mr A L Warman (Resigned 31 January 2025) Ms E J Taylor (Appointed 10 December 2025) Mr J L Mizen (Appointed 10 December 2025)

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.

Brian Worthington

Mr B Worthington MBE

Trustee

2 June 2026

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 2025.

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.

Having satisfied myself that the financial statements of the charitable company are not required to be audited under Part 16 of the Companies Act 2006 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. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011.

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 16 June 2026

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 2025

Unrestricted
Restricted
funds
funds
2025
2025
Notes
£
£
Income from:
Donations and legacies
3
1,213
-
Charitable activities
4
81,397
-
Investments
5
1,086
-
Total income
83,696
-
Expenditure on:
Charitable activities
6
93,630
3,522
Total expenditure
93,630
3,522
Net expenditure
(9,934)
(3,522)
Transfers between
funds
-
-
Net movement in
funds
7
(9,934)
(3,522)
Reconciliation of funds:
Fund balances at 1 October
2024
91,495
8,897
Fund balances at 30
September 2025
81,561
5,375		 Total
Unrestricted
Restricted
funds
funds
2025
2024
2024
£
£
£
1,213
1,357
2,900
81,397
90,432
-
1,086
1,273
-
83,696
93,062
2,900
97,152
90,939
5,539
97,152
90,939
5,539
(13,456)
2,123
(2,639)
-
900
(900)
(13,456)
3,023
(3,539)
100,392
88,472
12,436
86,936
91,495
8,897		 Total
2024
£
4,257
90,432
1,273
95,962
96,478
96,478
(516)
-
(516)
100,908
100,392

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 2025

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		 2025
£
14,416
60,907
75,323
(23,983)		 £
35,596
51,340
86,936
5,375
81,561
86,936		 2024
£
21,126
53,772
74,898
(18,599)		 £
44,093
56,299
100,392
8,897
91,495
100,392

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 2025.

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 2 June 2026

Brian Worthington

Brian Worthington
Mr B Worthington MBE Mr J Clarke
Trustee Trustee

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

FOR THE YEAR ENDED 30 SEPTEMBER 2025

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 Basis of preparation

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 2025

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 2025

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 2025

3 Income from donations and legacies

Unrestricted
Restricted
funds
funds
2025
2025
£
£
Donations and gifts
1,213
-
Grants
-
-
1,213
-
Grants
Ware Town Council
-
-
Hertfordshire County
Council
-
-
East Herts Council
-
-
-
-
4
Income from charitable activities		 Total
Unrestricted
Restricted
funds
funds
2025
2024
2024
£
£
£
1,213
1,357
-
-
-
2,900
1,213
1,357
2,900
-
-
2,000
-
-
600
-
-
300
-
-
2,900		 Total
2024
£
1,357
2,900
4,257
2,000
600
300
2,900
Unrestricted Unrestricted
funds funds
2025 2024
£ £
Hall income
Hall income 81,397 90,432
5 Income from investments
Unrestricted Unrestricted
funds funds
2025 2024
£ £
Interest receivable 1,086 1,273

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

FOR THE YEAR ENDED 30 SEPTEMBER 2025

6 Expenditure on charitable activities

Operation of Operation of
Drill Hall Drill Hall
2025 2024
£ £
Direct costs
Staff costs 37,301 17,214
Depreciation and impairment 8,497 9,446
Advertising and marketing 191 265
Premises costs 34,627 51,282
Insurance costs 2,313 490
Office costs 1,935 1,670
Computer costs 1,152 1,206
Licences 1,085 391
Equipment costs 1,000 -
General expenses 535 1,286
Legal and professional costs 5,876 10,648
Governance costs 2,580 2,520
Bank charges and other finance costs 60 60
97,152 96,478
Analysis by fund
Unrestricted funds 93,630 90,939
Restricted funds 3,522 5,539
97,152 96,478
7 Net movement in funds 2025 2024
£ £
The net movement in funds is stated after charging/(crediting):
Fees payable for the independent examination of the charity's financial
statements 2,580 2,520
Depreciation of owned tangible fixed assets 8,497 9,446

8 Trustees

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

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

FOR THE YEAR ENDED 30 SEPTEMBER 2025

9 Employees

The average monthly number of employees during the year was:

The average monthly number of employees during the year was:
2025 2024
Number Number
Administrator 1 1
Caretaker 1 1
Directors/Trustees 7 8
Total 9 10
Employment costs 2025 2024
£ £
Wages and salaries 37,301 16,234
Social security costs - 980
37,301 17,214
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:
2025 2024
£ £
Aggregate compensation 17,010 17,214

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 2025

11
Tangible fixed assets
Leasehold
improvements
Plant and
equipment
Fixtures and
fittings
£
£
£
Cost
At 1 October 2024
90,793
30,998
102,825
At 30 September 2025
90,793
30,998
102,825
Depreciation and impairment
At 1 October 2024
79,148
28,961
72,414
Depreciation charged in the year
1,059
904
6,534
At 30 September 2025
80,207
29,865
78,948
Carrying amount
At 30 September 2025
10,586
1,133
23,877
At 30 September 2024
11,645
2,037
30,411
12
Debtors
2025
Amounts falling due within one year:
£
Trade debtors
11,609
Other debtors
-
Prepayments and accrued income
2,807
14,416
13
Creditors: amounts falling due within one year
2025
Notes
£
Deferred income
14
10,874
Trade creditors
7,032
Other creditors
1,272
Accruals
4,805
23,983
14
Deferred income
2025
£
Other deferred income
10,874		 Total
£
224,616
224,616
180,523
8,497
189,020
35,596
44,093
2024
£
12,597
39
8,490
21,126
2024
£
7,522
4,491
903
5,683
18,599
2024
£
7,522

Deferred income is included in the financial statements as follows:

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

FOR THE YEAR ENDED 30 SEPTEMBER 2025

14 Deferred income

Deferred income
Deferred income is included within:
Current liabilities
Movements in the year:
Deferred income at 1 October 2024
Released from previous periods
Resources deferred in the year
Deferred income at 30 September 2025		 (Continued)
2025
2024
£
£
10,874
7,522
7,522
6,387
(7,522)
(6,387)
10,874
7,522
10,874
7,522

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
2024 resources expended September
2025
£ £ £ £ £
Staging Fund 2,064 - (1,772) - 292
Fire Alarm Fund 1,583 - (1,000) - 583
Auditory Experience Fund 5,250 - (750) - 4,500
8,897 - (3,522) - 5,375
Previous year: 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

THE WARE DRILL HALL ASSOCIATION LIMITED (A CHARITABLE COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025

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
2024 resources expended September
2025
£ £ £ £ £
General funds 91,495 83,696 (93,630) - 81,561
Previous year: At 1 October Incoming Resources Transfers At 30
2023 resources expended September
2024
£ £ £ £ £
General funds 88,472 93,062 (90,939) 900 91,495

THE WARE DRILL HALL ASSOCIATION LIMITED (A CHARITABLE COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025

17 Analysis of net assets between funds

Unrestricted
Restricted
funds
funds
2025
2025
£
£
At 30 September 2025:
Tangible assets
30,221
5,375
Current assets/(liabilities)
51,340
-
81,561
5,375
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		 Total
2025
£
35,596
51,340
86,936
Total
2024
£
44,093
56,299
100,392

18 Related party transactions

There were no disclosable related party transactions during the year (2024 - none).