2025-06-30-accounts

COMPANY REGISTRATION NUMBER: 05485932 CHARITY REGISTRATION NUMBER: 1112980

Holsworthy Memorial Hall Limited Company Limited by Guarantee Unaudited Financial Statements 30 June 2025

CPH Accounting Ltd

Eden Park Brandis Corner Holsworthy Devon EX22 7XZ

Holsworthy Memorial Hall Limited

Company Limited by Guarantee

Financial Statements

Year ended 30 June 2025

	Page
Trustees' annual report (incorporating the director's report)	1
Independent examiner's report to the trustees	4
Statement of financial activities (including income and
expenditure account)	5
Statement of financial position	6
Notes to the financial statements	7

Holsworthy Memorial Hall Limited

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report)

Year ended 30 June 2025

The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 30 June 2025.

Reference and administrative details

Registered charity name Holsworthy Memorial Hall Limited Charity registration number 1112980 Company registration number 05485932 Principal office and registered North Road office Holsworthy Devon EX22 6EB

The trustees

J Addicott J Hutchings L E Emmett N J Kenneally Resigned 20.02.2025 Independent examiner Catharine Peaks

Structure, governance and management

The organisation is a charitable company limited by guarantee, incorporated on 21 June 2005 having been registered as a charity on 31 August 1962. The charity was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. In the event of the company being wound up, members are required to contribute £10.

Objectives and activities

The charity was established in order to maintain, repair and secure the operation of Holsworthy Memorial Hall. The hall required substantial rebuilding and renovation work in order to ensure that it was fit to serve the residents of Holsworthy and surrounding district, in the twenty first century.

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Holsworthy Memorial Hall Limited

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report) (continued)

Year ended 30 June 2025

Achievements and performance

Holsworthy Memorial Hall is maintained and run by unpaid volunteers as a community centre for the benefit of the whole community. The Trustees of the Hall continued to make major steps in bringing the finances onto a firmer basis. Bookings at weekends remained elusive and plans had been put in place to bring people into the Hall on a Saturday and Sunday. The hall is starting to see an increase of interest.

The activities of the Hall are split between:

1. Letting of the Hall to charities, private individuals and local businesses; 2. Leasing of rooms on a within the building to local organisations to use as office space 3. Other activities run by the Trustees

Funding of the above activities:

1. Hall lettings

2. Donations

3. Grant funding for specific activities

During the year the trustees are still facing significant challenges. The discussions with TDC regarding the incorrect registration continue, putting increasing pressure on the budget and operation of the charity. Trustees are elected as per the Charity Commission Scheme. The constitution review has commenced, with contact made with the representative groups. A new constitution will be developed and put forward for agreement. The provision of alcohol will be reviewed in the 2025/2026 financial year.

The charity was successful in receiving a grant to assist with the renewal of the heating and hot water systems from Green Innovation Fund ran by Devon County Council. The new boilers will be more efficient to operate and so reduce carbon emissions. A trustee provided a loan to assist with cash flow as the grant was paid in arrears. Flooring in the Manor Suite has been replaced.

The Hall is regularly booked during the week, but not so much at the weekend. If you have any suggestions for activities, please get in touch. More trustees would be welcomed.

Reserves policy

The Trustees are satisfied that the level of reserves, as shown on the balance sheet, is adequate to cover known and anticipated costs in the short term.

Risk management

The Trustees have assessed the major risks to which the charity is exposed, in particular those related to the operations and finances of the charity and are satisfied that systems are in place to mitigate their exposure to major risks.

Public benefit

In planning our activities for the year, we have kept in mind the Charity Commission guidance on public benefit.

Financial review

Total incoming resources during the year were £75,187 of which £25,104 was grant income. Resources expended in the same period totalled £87,867 (2024: £41,367) At 30 June 2025 the charity held total funds of £601,308 of which £453,097 were restricted funds received for the building and refurbishment of the hall.

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies’ exemption.

The trustees' annual report was approved on 31[st] October 2025 and signed on behalf of the board of trustees by:

J Hutchings Trustee

L E Emmett Trustee

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Holsworthy Memorial Hall Limited

Company Limited by Guarantee

Independent Examiner's Report to the Trustees of Holsworthy Memorial Hall Limited

Year ended 30 June 2025

I report to the trustees on my examination of the financial statements of Holsworthy Memorial Hall Limited ('the charity') for the year ended 30 June 2025. The full financial statements can be found on pages 7 - 15 of this document.

Responsibilities and basis of report

As the trustees of the company (and 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’).

I am satisfied that the accounts of the 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 charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

I have carried out and completed my examination of the accounts and financial statements. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

1. accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or

2. the financial statements do not accord with those records; or

3. the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent examination; or

4. the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

The accounts are well run with appropriate reporting action taken for the Specific Purpose Funds.

I have not identified any concerns on the accounts nor are there any issues that should be raised as an observation.

Catherine Parkes

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Holsworthy Memorial Hall Limited

Company Limited by Guarantee

Statement of Financial Activities (including income and expenditure account)

Year ended 30 June 2025

			2025		2024
		Unrestricted	Restricted
		funds	funds	Total funds	Total funds
	Note	£	£	£	£
Income and endowments
Donations and legacies	5	27,128	–	27,128	18,883
Charitable activities	6	30,060	–	30,060	29,434
		────────	────	────────	────────
Total income		57,187	–	57,187	55,185
		════════	════	════════	════════
Expenditure
Expenditure on charitable activities	7	33,644	36,223	69,867	41,367
		────────	───────	────────	────────
Total expenditure		51,644	36,223	69,867	41,367
		════════	═══════	════════	════════
		────────	───────	────────	────────
Net income and net movement in	funds	23,543	(36,223)	(12,680)	13,818
		════════	═══════	════════	════════
Reconciliation of funds
Total funds brought forward		124,667	489,483	614,150	600,535
		─────────	─────────	─────────	─────────
Total funds carried forward		148,210	453,260	601,470	614,150
		═════════	═════════	═════════	═════════

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 7 to 15 form part of these financial statements.

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Holsworthy Memorial Hall Limited

Company Limited by Guarantee

Statement of Financial Position

30 June 2025

		2025	2024
	Note	£	£
Fixed assets
Tangible fixed assets	13	601,706	606,227
Current assets
Stocks	14	0	0
Debtors	15	0	947
Cash at bank and in hand		12,255	26,219
		────────	────────
		12,255	27,166
Creditors: amounts falling due within one year	16	12,490	19,243
		────────	────────
Net current assets		(235)	7,923
		─────────	─────────
Total assets less current liabilities		601,471	614,150
		─────────	─────────
Net assets		601,471	614,150
		═════════	═════════
Funds of the charity
Restricted funds		453,260	489,483
Unrestricted funds		148,211	124,667
		─────────	─────────
Total charity funds	18	601,471 ═════════	614,150 ═════════

For the year ending 30 June 2025, the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• 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.

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

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

These financial statements were approved by the board of trustees and authorised for issue on 31st October 2025 and are signed on behalf of the board by:

J Hutchings Trustee

L E Emmett Trustee

The notes on pages 7 to 15 form part of these financial statements.

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Holsworthy Memorial Hall Limited

Company Limited by Guarantee

Notes to the Financial Statements

Year ended 30 June 2025

1. General information

The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is North Road, Holsworthy, Devon, EX22 6EB.

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 Companies Act 2006.

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

The Trustees continue to assess the viability of the hall in order to reverse the insolvent net current liability position.

The accounts have currently been drawn up on a going concern basis which may not be appropriate.

Disclosure exemptions

The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102:

(a) No cash flow statement has been presented for the company.

(b) Disclosures in respect of financial instruments have not been presented.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

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Holsworthy Memorial Hall Limited

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 30 June 2025

3. Accounting policies (continued)

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.

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:

• income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable, and its amount can be measured reliably.

• legacy income is recognised when receipt is probable, and entitlement is established.

• income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.

• income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.

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Holsworthy Memorial Hall Limited

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 30 June 2025

3. Accounting policies (continued)

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:

• expenditure on raising funds includes the costs of all fundraising activities, events, noncharitable trading activities, and the sale of donated goods.

• expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.

• other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.

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 fixed assets are stated at cost less accumulated depreciation.

Depreciation

Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:

Land and buildings - No charge Equipment - 20% on net book value Computers - 20% straight line (included in equipment)

Land and buildings have not been depreciated this year as the beneficial ownership of the Hall is currently being investigated. Until such time as the Trustees can establish the ownership with certainty, this policy will continue.

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.

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Holsworthy Memorial Hall Limited

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 30 June 2025

3. Accounting policies (continued)

Impairment of fixed assets (continued)

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 cash-generating 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.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Government grants

Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the charity will comply with the conditions attaching to them and the grants will be received.

Where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability.

Financial instruments

A financial asset or a financial liability is recognised only when the entity 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, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

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

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Holsworthy Memorial Hall Limited

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 30 June 2025

4. Limited by guarantee

Holsworthy Memorial Hall Limited is a company limited by guarantee and accordingly does not have a share capital.

Every member of the company undertakes to contribute such amount as may be required not exceeding £10 to the assets of the charitable company in the event of its being wound up while he or she is a member, or within one year after he or she ceases to be a member.

5. Donations and legacies

	Unrestricted	Total Funds	Unrestricted	Total Funds
	Funds	2025	Funds	2024
	£	£	£	£
Donations
Donations	2,024	2,024	2,151	2,151
Grants
grant income	25,104	25,104	23,600	23,600
	────────	────────	────────	────────
	27,128	27,128	25,751	25,751
	════════	════════	════════	════════

6. Charitable activities

	Unrestricted	Total Funds	Unrestricted	Total Funds
	Funds	2025	Funds	2024
	£	£	£	£
Letting of hall	30,060	30,060	29,434	29,434
Events	–	–	-	-
	────────	────────	────────	────────
	30,060	30,060	29,434	29,434
	════════	════════	════════	════════
Expenditure on charitable activities by fund type
		Unrestricted	Restricted	Total Funds
		Funds	Funds	2025
		£	£	£
Charitable activities		33,644	36,223	69,867
Support costs		0	0	0
		────────	───────	────────
		33,644	36,223	69,867
		════════	═══════	════════
		Unrestricted	Restricted	Total Funds
		Funds	Funds	2024
		£	£	£
Charitable activities		34,068	7,299	41,367
Support costs		0	–	0
		────────	───────	────────
		34,068	7,299	41,367
		════════	═══════	════════

7. Expenditure on charitable activities by fund type

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Holsworthy Memorial Hall Limited

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 30 June 2025

8. Analysis of charitable activities and support costs

		Analysis of
		charitable
		activities	Total 2025	Total 2024
		£	£	£
	Wages	2,905	2,905	2,838
	Water rates	1,581	1,581	1,534
	Light and heat	11,657	11,657	14,113
	Repairs and maintenance (restricted)	36,223	36,223	7,299
	Insurance	1,508	1,508	2,308
	Telephone and broadband	1,585	1,585	300
	Depreciation (restricted)	163	163	254
	Bank charges	217	217	473
	Loan interest	0	0	0
	Sundry expenses	4,112	4,112	2,917
	Other administrative costs	9,916	9,916	9,586
	Governance costs	0	0	0
				────────
		69,867	69,867	41,570
		════════	════════	════════
9.	Net income
	Net income is stated after charging/(crediting):
			2025	2024
			£	£
	Depreciation of tangible fixed assets		163	203
			════	════

10. Staff costs

The average head count of employees during the year was 1 (2024: 1). The average	The average head count of employees during the year was 1 (2024: 1). The average	number of
full-time equivalent employees during the year is analysed as follows:
	2025	2024
	No.	No.
Number of staff	1	1
	════	════

No employee received employee benefits of more than £60,000 during the year (2025: Nil).

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Holsworthy Memorial Hall Limited

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 30 June 2025

11. Trustee remuneration and expenses

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

No trustee expenses were incurred during the year.

12. Tangible fixed assets

		Freehold
		property	Equipment	Total
		£	£	£
	Cost
	At 1 July 2023 and 30 June 2024	673,862	77,698	751,560
		═════════	════════	═════════
	Depreciation
	At 1 July 2024	68,448	76,884	145,332
	Charge for the year	–	163	163
		─────────	────────	─────────
	At 30 June 2025	68,448	77,047	145,495
		═════════	════════	═════════
	Carrying amount
	At 30 June 2025	605,414	651	606,065
		═════════	════════	═════════
	At 30 June 2024	605,414	814	606,065
		═════════	════════	═════════
13.	Stocks
			2025	2024
			£	£
	Raw materials and consumables		0	0
			═══════	═══════
14.	Debtors
			2025	2024
			£	£
	Other debtors		0	947
			════	═══════
15.	Creditors: amounts falling due within one year
			2025	2024
			£	£
	Bank loans and overdrafts		10,000	15,000
	Accruals and deferred income		2,490	4,243
	Social security and other taxes		0	0
			────────	────────
			12,490	19,243
			════════	════════

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Holsworthy Memorial Hall Limited

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 30 June 2025

16. Government grants

The amounts recognised in the financial statements for government grants are as follows:

	2025	2024
	£	£
Recognised in income from donations and legacies:
Government grants income	12,333	5,627
	════════	════════

17. Analysis of charitable funds

Unrestricted funds

Unrestricted funds
				At
	At 1 July 2024	Income	Expenditure	30 June 2025
	£	£	£	£
General funds	124,667	57,187	(33,644)	148,211
	════════	════════	════════	═════════
				At
	At 1 July 2023	Income	Expenditure	30 June 2024
	£	£	£	£
General funds	103,550	55,185	(34,068)	124,667
	════════	════════	════════	════════
Restricted funds
				At
	At 1 July 2024	Income	Expenditure	30 June 2025
	£	£	£	£
Restricted Fund	489,483	–	(36,223)	453,260
	═════════	════	═══════	═════════
				At
	At 1July 2023	Income	Expenditure	30 June 2024
	£	£	£	£
Restricted Fund	496,985	–	(7,502)	489,483
	═════════	════	═══════	═════════

Restricted funds are for the building and refurbishment of the hall.

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Holsworthy Memorial Hall Limited

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 30 June 2025

18. Analysis of net assets between funds

	Unrestricted	Restricted	Total Funds
	Funds	Funds	2025
	£	£	£
Tangible fixed assets	112,220	489,486	601,706
Current assets	12,255	–	12,255
Creditors less than 1 year	(12,490)	–	(12,490)
	─────────	─────────	─────────
Net assets	111,985	496,985	601,471
	═════════	═════════	═════════
	Unrestricted	Restricted	Total Funds
	Funds	Funds	2024
	£	£	£
Tangible fixed assets	92,826	489,483	582,309
Current assets	27,166	–	23,166
Creditors less than 1 year	(19,243)	–	(19,243)
	────────	─────────	─────────
Net assets	100,749	489,483	590,232
	════════	═════════	═════════

19. Related parties

There were no related party transactions during the year.

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