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2025-03-31-accounts

CHARITY REGISTRATION NUMBER: 1109314

Rolvenden Village Hall Unaudited Financial Statements

31 March 2025

DAVID PAYNE

Chartered accountants Sportsman Farm St Michaels Tenterden Kent TN30 6SY

Rolvenden Village Hall

Financial Statements

Year ended 31 March 2025

Page
Trustees' annual report 1
Statement of financial activities 5
Statement of financial position 6
Statement of cash flows 7
Notes to the financial statements 8
The following pages do not form part of the financial statements
Detailed statement of financial activities 16
Notes to the detailed statement of financial activities 17

Rolvenden Village Hall

Trustees' Annual Report

Year ended 31 March 2025

The trustees present their report and the unaudited financial statements of the charity for the year ended 31 March 2025.

Chair's report

RVH CHAIRMAN'S REPORT 31st March 2025.

The running and care of Rolvenden Village Hall is carried out by the Management Committee, consisting of trustees and officers, those being the secretary and treasurer. The day to day running of the hall is entrusted to our Hall Manager, our only employee, Ben Collins.

For many years the number of trustees had been in double figures ranging from 11 to 17. Up to about three years ago the trustees numbered eleven who shared the duties of maintenance and cleaning arrangements; policy making and implementation; clerical work and filing; carrying out regular premises assessments; financial management; assisting in the running of clubs and the arrangement of special or one-off events.

For the past two years, due to a decrease in numbers, the committee now consists of only three trustees (the minimum number needed according to the Deed of Trust for the hall); a secretary; a treasurer (who is soon to retire from the role) and the Hall Manager (who is also the cleaner).

Despite this dwindling number of trustees, the current committee has managed to have a productive year in relation to both the management and improvement of the hall facilities. The hall continues to provide a rented space for Rolvenden Preschool which operates four days per week during term time.

In September 2024 the alarm system was updated to replace a failing system. Combined with the Hallmaster online booking system, this allows hirers to enter via a numeric code, and disarm the building alarm via a proximity tag, without the necessity of the hall manager to be in attendance. In October 2024, following more than twenty years of wear, and after much research, Reflex Sports of Chertsey, were hired and carried out a total strip down of the wooden floor surface and then applied a protective layer of sealing material. The result was a great new surface for sports, exercise and dancing. The winter of 2024/5 hit the village hall with hefty energy costs due to the cold weather and spiralling fuel supply costs. The gas and electric bills for the last financial year were over £7000 pounds, more than double what it was 2 years ago. With no sign that energy costs would decrease in the future a decision was made to explore methods of energy saving systems that could be installed in the hall. Research showed that a company called Heating Save has a history of installation of BEMS in village halls, their advertisement showing an installation at Northiam Village Hall in 2020. Trustees made contact with the chairman of Northiam Village Hall and we were invited to inspect their building energy management system which links with their online booking system. Following an informative visit the decision was made to pursue the project of installation of a BEMS by Heating Save . After many emails and phone calls sharing building layouts and expectations, an

1

Rolvenden Village Hall

Trustees' Annual Report (continued)

Year ended 31 March 2025

estimate, was received and accepted, backed up by a site visit by their travelling representative, himself a trustee of a village hall.

The cost of installation will be approx. £7442.03 with an addition £800 to modify the present heating system, before the installation can take place. Grant funding was sought by the secretary and obtained to the tune of £4360. A deposit has been paid to Heating Save and work is expected to commence in May/June 2025.

A further energy saving project under consideration is the installation of solar roof panels and battery storage to supplement the electrical demand of the hall. This would be dependent upon the availability of grant funding to make the scheme viable.

Whilst it's easy to write cheques for capital projects, those costs need to be balanced by a healthy income. We are fortunate to have several groups which are regular hirers of the hall for recreational purposes, such as Kick Boxing, Pickleball, Badminton, Art Classes, Yoga, Pilates, Pokémon club, Village Market, Rhythm of Life Choir and ballroom dancing. All of these groups provide a regular income, coupled with various one-off events such as Gardening society shows, a Country and western event and private bookings.

Even with all the efforts of the trustees, officers and hall manager, it is vital for the future of the village hall and for the benefit of the local community, that the work to promote and prolong the success of the village hall is carried out by a strong and dedicated group of individuals working as a team. To that end, the hall needs more trustees and volunteers, perhaps with specific skills and attributes to carry out the tasks that are necessary for the health of this wonderful village facility. The current low level of trustees makes it almost impossible to continue to run the village hall.

Kevin May (Chairperson)

Reference and administrative details Registered charity name Rolvenden Village Hall Charity registration number 1109314 Principal office The trustees Mrs V Hodge Mr A Hinge (Appointed 1 October 2024) Mr R Woollett (Resigned 31 March 2025) Mr K May Mrs J May (Resigned 30 September 2024) Accountants David Payne Chartered accountants Sportsman Farm St Michaels Tenterden Kent TN30 6SY

2

Rolvenden Village Hall

Trustees' Annual Report (continued)

Year ended 31 March 2025

Structure, governance and management

Rolvenden Village Hall was originally constituted under a lease and trust deed dated 14th April 2000. The charity status was temporarily suspended until the legal status of the new lease had been resolved. There is now a new trust deed dated 22nd March 2005 and the charity was registered as a charity again on 4th May 2005.

Objectives and activities

The objects of the management committee are to hold upon trust a property for the purposes of a village hall for the use of the inhabitants of Parish of Rolvenden, Kent without distintion of political, religious or other opinions including use for meetings, lectures and classes and for other forms of recreaction and lesuire time occupation with the object of improving the life of the said inhabitants.

Significant Activities

The main activity of the charity is that of providing the village hall for hire to various groups and for various activities.

Public Benefit

In accordance with the Charities Act 2011 the Trustees can report that the charitable public benefits provided by the Village Hall during the year include the following:

a) The advancement of education

b) The advancement of religion

c) The advancement of health and saving lives

d) The advancement of citizenship or community development

e) The advancement of arts, culture, heritage or science

f) The advancement of amateur sports

g) The relief of those in need, by reason of youth, age, ill-health, disability, financial hardship or other disadvantage h) Other purposes currently recognised as charitable and any new charitable purposes which are similar to another charitable purpose.

The Committee confirms that opportunties for the public benefit area not unreasonably restrictive either geographally or by means of ability to pay and fees charged.

The Management Committee have complied with the duty of Section 17(5) of the Charities Act 2011 to have regard to the public benefit guidance of the Charity Commission.

Achievements and performance

The aim of Rolvenden Village Hall Management Committee is to maintain and operate this important village resource for the benefit of parish residents and the wider community.

Financial review

It is the policy of the Management Committee to maintain unrestricted funds, which are the free reserves of the association, at a level which equates to approximately six months of unrestricted expenditure. This provides sufficient funds to cover management and administration costs and to respond to emergency expenditure which arises from time to time. Unrestricted funds were maintained at this level throughout the year.

3

Rolvenden Village Hall

Trustees' Annual Report (continued)

Year ended 31 March 2025

The trustees' annual report was approved on 10 May 2025 and signed on behalf of the board of trustees by:

Mr K May Trustee

4

Rolvenden Village Hall

Statement of Financial Activities

Year ended 31 March 2025

2025 2024
Unrestricted Restricted
funds funds Total funds Total funds
Note £ £ £ £
Income and endowments
Donations and legacies 4 6,060 6,060 919
Charitable activities 5 38,700 38,700 31,229
Investment income 6 885 885 657
   
Total income 39,585 6,060 45,645 32,805
   
Expenditure
Expenditure on raising funds:
Costs of raising donations and
legacies 7 41,238 1,700 42,938 32,551
   
Total expenditure 41,238 1,700 42,938 32,551
   
   
Net income and net movement in funds (1,653) 4,360 2,707 254
   
Reconciliation of funds
Total funds brought forward 381,198 381,198 380,944
   
Total funds carried forward 379,545 4,360 383,905 381,198
   

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

The notes on pages 8 to 14 form part of these financial statements.

5

Rolvenden Village Hall

Statement of Financial Position

31 March 2025

2025 2024
Note £ £
Fixed assets
Tangible fixed assets 11 332,614 337,008
Current assets
Cash at bank and in hand 52,191 45,090
 
Net current assets 52,191 45,090
 
Total assets less current liabilities 384,805 382,098
Accruals and deferred income 900 900
 
Net assets 383,905 381,198
 
Funds of the charity
Restricted funds 4,360
Unrestricted funds 379,545 381,197
 
Total charity funds 13 383,905

381,197


These financial statements were approved by the board of trustees and authorised for issue on 10 May 2025, and are signed on behalf of the board by:

Mr K May Trustee

The notes on pages 8 to 14 form part of these financial statements.

6

Rolvenden Village Hall

Statement of Cash Flows

Year ended 31 March 2025

2025 2024
£ £
Cash flows from operating activities
Net income 2,707 254
Adjustments for:
Depreciation of tangible fixed assets 4,394 4,439
Other interest receivable and similar income (885) (657)
Accrued expenses 900
Changes in:
Trade and other creditors (1,734)
 
Cash generated from operations 6,216 3,202
Interest received 885 657
 
Net cash from operating activities 7,101 3,859
 
Net increase in cash and cash equivalents 7,101 3,859
Cash and cash equivalents at beginning of year 45,090 41,231
 
Cash and cash equivalents at end of year 52,191

45,090


The notes on pages 8 to 14 form part of these financial statements.

7

Rolvenden Village Hall

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is Rolvenden Village Hall, Maytham Road, Rolvenden, Tenterden, TN17 4ND, Kent.

2. Statement of compliance

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Charities Act 2011.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

There are no material uncertainties about the charity's ability to continue.

Fund accounting

Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.

Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.

Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.

8

Rolvenden Village Hall

Notes to the Financial Statements (continued)

Year ended 31 March 2025

3. Accounting policies (continued)

Incoming resources

All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:

Resources expended

Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:

All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

9

Rolvenden Village Hall

Notes to the Financial Statements (continued)

Year ended 31 March 2025

3. Accounting policies (continued)

Tangible assets (continued)

An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Long leasehold property

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cashgenerating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units.

Financial instruments

A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs.

Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.

Debt instruments are subsequently measured at amortised cost.

Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment.

10

Rolvenden Village Hall

Notes to the Financial Statements (continued)

Year ended 31 March 2025

3. Accounting policies (continued)

Financial instruments (continued)

Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises.

4. Donations and legacies

Unrestricted Restricted Total Funds
Funds Funds 2025
£ £ £
Grants
Grants 6,060 6,060
  
Unrestricted Restricted Total Funds
Funds Funds 2024
£ £ £
Grants
Grants 919 919
  

11

Rolvenden Village Hall

Notes to the Financial Statements (continued)

Year ended 31 March 2025

5. Charitable activities

Unrestricted Total Funds Unrestricted Total Funds
Funds 2025 Funds 2024
£ £ £ £
Hall & Equipment Hire 38,700 38,700 31,229 31,229
   
6. Investment income
Unrestricted Total Funds Unrestricted Total Funds
Funds 2025 Funds 2024
£ £ £ £
Bank interest 885 885 657 657
   
7. Costs of raising donations and legacies
Unrestricted Restricted Total Funds
Funds Funds 2025
£ £ £
Costs of raising donations and legacies - Hall Rental 41,238 1,700 42,938
  
Unrestricted Restricted Total Funds
Funds Funds 2024
£ £ £
Costs of raising donations and legacies - Hall Rental 32,552 32,551
  
8. Net income
Net income is stated after charging/(crediting):
2025 2024
£ £
Depreciation of tangible fixed assets 4,394 4,439
 
9. Staff costs
The total staff costs and employee benefits for the reporting period are analysed as follows:
2025 2024
£ £
Wages and salaries 11,700 10,725
Social security costs 359 147
Employer contributions to pension plans 164 123
 
12,223 10,995
 

The average head count of employees during the year was 1 (2024: Nil).

No employee received employee benefits of more than £60,000 during the year (2024: Nil).

12

Rolvenden Village Hall

Notes to the Financial Statements (continued)

Year ended 31 March 2025

10. Trustee remuneration and expenses

no remuneration or other benefits from employment with the charity or a related entity were received by the trustees

11. Tangible fixed assets

Long
Freehold leasehold
property property Total
£ £ £
Cost
At 1 April 2024 and 31 March 2025 409,727 29,675 439,402
  
Depreciation
At 1 April 2024 94,894 7,500 102,394
Charge for the year 4,097 297 4,394
  
At 31 March 2025 98,991 7,797 106,788
  
Carrying amount
At 31 March 2025 310,736 21,878 332,614
  
At 31 March 2024 314,833 22,175 337,008
  

12. Pensions and other post retirement benefits

Defined contribution plans

The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £164 (2024: £123).

13. Analysis of charitable funds

Unrestricted funds

Unrestricted funds
At At
1 April 2024 Income Expenditure Transfers 31 March 2025
£ £ £ £ £
General funds 381,198 39,585 (41,238) 379,545
    
At
1 April 2023 Income Expenditure TransfersAt 31 March 2024
£ £ £ £ £
General funds 371,802

32,805

(32,552)

9,142

381,197


13

Rolvenden Village Hall

Notes to the Financial Statements (continued)

Year ended 31 March 2025

13. Analysis of charitable funds (continued)

Restricted funds

Restricted funds
At At
1 April 2024 Income Expenditure Transfers 31 March 2025
£ £ £ £ £
Restricted Fund 6,060 (1,700) 4,360
    
At At
1 April 2023 Income Expenditure Transfers 31 March 2024
£ £ £ £ £
Restricted Fund 9,142 (9,142)
    
Analysis of changes in net debt
At 1 Apr 2024 Cash flows At 31 Mar 2025
£ £ £
Cash at bank and in hand 45,090 7,101 52,191
  

14. Analysis of changes in net debt

14

Rolvenden Village Hall

Management Information

Year ended 31 March 2025

The following pages do not form part of the financial statements.

15

Rolvenden Village Hall

Detailed Statement of Financial Activities

Year ended 31 March 2025

2025 2024
£ £
Income and endowments
Donations and legacies
Grants 6,060 919
 
Charitable activities
Hall & Equipment Hire 38,700 31,229
 
Investment income
Bank interest 885 657
 
 
Total income 45,645 32,805
 
Expenditure
Costs of raising donations and legacies
Wages and salaries 11,700 10,725
Employer's NIC 359 147
Pension costs 164 123
Rates and water 1,105 841
Light and heat 6,241 4,379
Repairs and maintenance 11,466 3,081
Insurance 614 941
Telephone 172 606
Other office costs 1,148 790
Depreciation 4,394 4,439
Accounts fees 808 871
Cleaning 5,016 4,963
Subscriptions (344) 549
Bank Charges 95 96
 
42,938 32,551
 
 
Total expenditure 42,938 32,551
 
 
Net income 2,707 254
 

16

Rolvenden Village Hall

Notes to the Detailed Statement of Financial Activities

Year ended 31 March 2025

2025 2024
£ £
Costs of raising donations and legacies
Costs of raising donations and legacies - Hall Rental
Wages and salaries 11,700 10,725
Employer's NIC 359 147
Pension costs 164 123
Rates & water 1,105 841
Light & heat 6,241 4,379
Repairs & maintenance 11,466 3,081
Insurance 614 941
Telephone 172 606
Other office costs 1,148 790
Depreciation 4,394 4,439
Accountants Fees 808 871
Cleaning 5,016 4,963
Subscriptions (344) 549
Bank Charges 95 96
 
42,938 32,551
 
 
Costs of raising donations and legacies 42,938

32,551


17