Registered number: 05271624 Charity number: 1107521
Grimsby Central Hall Trust UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31/12/2020
Prepared By: RM Crowder Ltd Chartered Accountant Rest Haven North Kelsey Road Caistor Lincolnshire LN7 6SF
Grimsby Central Hall Trust
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31/12/2020
TRUSTEES
Mrs AL Burnett (Chairman) Mrs M Cracknell Mrs JD Ellis
SECRETARY
Mrs JD Ellis
REGISTERED OFFICE
Central Hall Duncombe Street Grimsby N.E. Lincolnshire DN32 7EG
COMPANY NUMBER
05271624
CHARITY NUMBER 1107521
ACCOUNTANTS
RM Crowder Ltd Chartered Accountant Rest Haven North Kelsey Road Caistor Lincolnshire LN7 6SF
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Grimsby Central Hall Trust
ACCOUNTS FOR THE YEAR ENDED 31/12/2020
CONTENTS
| Page | |
|---|---|
| Report of the Trustees | 3 |
| Accountant's Report | 4 |
| Statement of Financial Activities | 5 |
| Balance Sheet | 6 |
| Notes to the Accounts | 7 to 11 |
| Detailed Statement of Financial Activities | 10 |
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Grimsby Central Hall Trust
FOR THE YEAR ENDED 31/12/2020
TRUSTEES' REPORT
The trustees present their report and accounts for the year ended 31/12/2020
PRINCIPAL ACTIVITIES
The principal activity of the charity in the year under review was providing a public venue for arts activities and social community and religious purposes. .
STRUCTURE GOVERNANCE AND MANAGEMENT
The Charity is managed by the Trustees and the names of those who served during the year end up to the date of this report are set out on page 1.
The trusteees have a duty to identify and review the risks to which the charity is exposed and to ensure appropirate controls are in place to provide reasonable assurance against fraud and error. Internal risks are minimised by implementation of procedures for authorisation of all transactions and projects and to endure delivery for all operational aspects of the charitable company, which are periodically reviewed to ensure that they still meet the needs of the charity.
The report was prepared in accordance with the special provisions within Part 15 of the Companies Act 2006.
This report was approved by the Board of Trustees on 06/09/2021
Mrs AL Burnett Trustee
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Grimsby Central Hall Trust
ACCOUNTANT'S REPORT TO THE BOARD OF DIRECTORS ON THE UNAUDITED ACCOUNTS
OF GRIMSBY CENTRAL HALL TRUST , FOR THE YEAR ENDED 31/12/2020
In order to assist you to fulfill your duties under the Companies Act 2006, I have prepared for your approval the accounts of Grimsby Central Hall Trust for the year ended 31/12/2020 as set out on pages 1 to 12 from the company's accounting records and from information and explanations you have given me.
As a practising member of the ICAEW , I am subject to its ethical and other professional requirements which are detailed on their website.
This report is made solely to the Board of Directors of Grimsby Central Hall Trust , as a body, in accordance with the terms of my engagement letter dated 01/03/2021 . My work has been undertaken solely to prepare for your approval the accounts of Grimsby Central Hall Trust and state those matters that I have agreed to state to the Board of Directors of Grimsby Central Hall Trust , as a body, in this report, in accordance with the requirements of the ICAEW as detailed on their website. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than Grimsby Central Hall Trust and its Board of Directors as a body for my work or for this report.
It is your duty to ensure that Grimsby Central Hall Trust has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profitability of Grimsby Central Hall Trust . You consider that Grimsby Central Hall Trust is exempt from the statutory audit requirement for the year .
I have not been instructed to carry out an audit or a review of the accounts of Grimsby Central Hall Trust . For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the statutory accounts.
RM Crowder Ltd Chartered Accountant Rest Haven North Kelsey Road Caistor Lincolnshire LN7 6SF
06/09/2021
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Grimsby Central Hall Trust
Statement of Financial Activities for the year ended 31/12/2020
| Income Income from generated funds Donations and legacies Income from charitable activities Total Income and endowments Expenses Costs of generating funds Expenditure on Charitable activities Total Expenses Net gains on investments Net Income Gains/(losses) on revaluation of fixed assests Net movement in funds: Net income for the year Total funds brought forward Net funds carried forward |
Unrestricted funds £ 12,298 20,193 32,491 48,908 48,908 (16,417) (16,417) 19,667 3,250 |
Restricted funds £ - - - - - - - - - |
2020 Total £ 12,298 20,193 32,491 48,908 48,908 (16,417) (16,417) 19,667 3,250 |
2019 Total £ 36,401 93,812 |
|---|---|---|---|---|
| 130,213 | ||||
| 123,777 | ||||
| 123,777 | ||||
| 6,436 | ||||
| 6,436 13,231 |
||||
| 19,667 |
This statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities
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Grimsby Central Hall Trust
BALANCE SHEET AT 31/12/2020
| Notes CURRENT ASSETS Debtors (amounts falling due within one year) 2 Cash at bank and in hand CREDITORS: Amounts falling due within one year 3 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES CREDITORS: Amounts falling due after more than one year 4 NET ASSETS CAPITAL AND RESERVES Unrestricted funds 6 General fund |
4,080 29,797 33,877 5,627 |
2020 £ 28,250 28,250 25,000 3,250 3,250 3,250 |
6,942 18,090 25,032 5,365 |
2019 £ 19,667 |
|---|---|---|---|---|
| 19,667 - |
||||
| 19,667 | ||||
| 19,667 | ||||
| 19,667 |
For the year ending 31/12/2020 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
Approved by the board of trustees on 06/09/2021 and signed on their behalf by
.............................
Mrs AL Burnett Trustee
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Grimsby Central Hall Trust
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31/12/2020
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities.
1b. Incoming Resources
All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
1c. Resources Expended
Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
1d. Allocation And Apportionment Of Costs
All costs relate to the single activity of the charitable company and are recognised accordingly.
1e. Fund Accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Designated funds are funds set aside by the trustees out of unrestricted general funds for the specific future purposes or projects.
1f. Cash Flow Statement
The Company is exempt from including a statement of cash flows in its accounts in accordance with Financial Reporting Standard for Smaller Entities (effective January 2015).
1g. Turnover
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.
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Grimsby Central Hall Trust
| 2. DEBTORS Amounts falling due within one year: Trade debtors |
2020 £ 4,080 4,080 |
2019 £ 6,942 |
|---|---|---|
| 6,942 |
| 3. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade creditors Taxation and social security Other creditors 4. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR Bank loans and overdrafts |
2020 £ 321 4,850 456 5,627 2020 £ 25,000 25,000 |
2019 £ 209 4,850 306 |
|---|---|---|
| 5,365 | ||
| 2019 £ - |
||
| - |
5. LIMITED BY GUARANTEE
The company is limited by guarantee and does not have a share capital. Each member gives a guarantee to contribute a sum not exceeding £3, to the company should it be wound up. At 31/12/2020 there were 3 members.
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Grimsby Central Hall Trust
6. UNRESTRICTED FUNDS
General fund
| Brought forward £ 19,667 19,667 |
Incoming resources £ 32,492 32,492 |
Outgoing resources £ (48,909) (48,909) |
Transfers £ - - |
Carried forward £ 3,250 |
|---|---|---|---|---|
| 3,250 |
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Grimsby Central Hall Trust
Incoming Resources for the year ended 31/12/2020
| Incoming resources Incoming resources from generated funds Donations General donations Charitable Activity Concert lettings Other lettings Catering income Other income Box office commission |
2,299 (1,872) 14,478 1,531 338 5,718 |
2020 £ 2,299 12,298 20,193 20,193 32,491 |
2,044 8,780 33,649 9,156 16,255 25,972 |
2019 £ 2,044 36,401 93,812 93,812 130,213 |
|---|---|---|---|---|
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Grimsby Central Hall Trust
Expenses for the year ended 31/12/2020
| Expenses Costs of generating funds Charitable Activities Concert expenses Catering Insurance Heat and light Rent Cleaning Repairs and renewals Salaries Computer costs Accountancy fees Consultancy fees Postage Stationery & office supplies Telephone Subscriptions Security costs Card charges Sundry expenses |
2020 £ 5,078 294 5,206 5,964 3,000 493 2,776 23,421 - 150 - - (21) 287 506 353 1,230 171 48,908 48,908 |
2019 £ 15,437 3,897 8,084 19,584 3,000 2,122 2,451 31,473 50 - 28,364 69 1,103 438 822 5,000 1,457 426 |
|---|---|---|
| 123,777 | ||
| 123,777 |
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