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 page 1 ## **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| page 2 **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 page 3 **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 page 4 ## **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 page 5 ## **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 page 6 ## **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. page 7 ## **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. page 8 ## **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| page 9 ## **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_| |---|---|---|---|---| page 10 ## **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_| page 11