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← New Oriel Hall

2023-12-31-accounts

ANNUAL REPORT

JANUARY 1[st] to DECEMBER 31[st] 2023

BUILDING DEVELOPMENT

We have had a new boiler installed and the heating is now running much more efficiently.

The doors to the main hall have been repaired and are now running smoothly.

We have bought a new Television for Meeting Room 1 to be used for small meetings & film showings

Our kitchen was inspected in June and we got a 5* rating.

Emma has re vamped the website with a new video & photos bringing it much more up to date.

HALL ADMINISTRATION

Naomi, Caroline and Emma continue to run hall with great efficiency.

COMMUNITY ACTIVITIES

The library is going from strength to strength, with new people joining regularly and several new volunteers.

We are able to regularly buy new books, from the proceeds of book and cake sales and taking unwanted books to the Guildhall. We have a new on-line catalogue which the volunteers can update with a tablet & readers can access via our website.

Naomi and an amazing group of volunteers continue to provide weekly lunches.

The first and third Friday of the month lunch is delivered to people unable to get to the hall, this consists of soup, bread roll and lots of cake. The 2[nd] and 4[th] Friday we have a meal in the hall.

The day club lunch on a Tuesday which was originally at St Saviours and is run independently from the Halls lunch club, now has a weekly coffee morning and the occasional lunch.

We continue with our community groups including The Friendship Circle, The Knit and Natter Group, our two film clubs and the Ukulele group. Ruth's story time is still well attended on a Friday afternoon. The puzzle library is still well used. The Well-being group (yoga & meditation plus tea and cake) which is well attended, this is run by Emma, Amanda and Naomi.

PEOPLE

We have a wonderful team of Hall volunteers who support the Hall, we would like to thank them for all they do.

Charity registered number : 1120867

Company number: 05688227

NEW ORIEL HALL

REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR

31 DECEMBER 2023

NEW ORIEL HALL

INDEX TO THE REPORT AND FINANCIAL STATEMENTS FOR THE FOR THE YEAR ENDED 31 DECEMBER 2023

Page no

1 Legal and administrative details
2 Trustees report
3 Report of the independent examiner
4 Statement of financial activities
5 Balance sheet
6/9 Notes to the financial statements
10 Detailed statement of unrestricted
income and expenditure

NEW ORIEL HALL

LEGAL AND ADMINISTRATIVE DETAILS

AS AT 31 DECEMBER 2023

Trustees David Lucas
Linda Patterson
Robert Shackell
Theresa Waterhouse
Michael Williams resigned 21 March 2023
Michael Kelleher
Annie Fear
Antony Ashford appointed 10 January 2024
Ruth Whitemore appointed 10 January 2024
Company secretary Linda Patterson
Principal office New Oriel Hall
Brookleaze Buildings
Larkhall
BATH
BA1 6RA
Charity registered number 1120867
Company number 5688227
Bankers Barclays Bank plc
4 – 5 Southgate Street
BATH
BA1 1AQ
Co-operative Bank plc
Business Direct
P.O. Box 250
Skelmersdale
WN8 6WT
Legal advisors Stone King LLP
Upper Borough Court
Upper Borough Walls
BATH
BA1 1RG
Accountants Berkeley Hall Marshall Limited
Chartered Accountants
6 Charlotte Street
BATH
BA1 2NE

NEW ORIEL HALL REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 2023. The trustees have adopted the provisions of 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).

Incorporation

The charitable company was incorporated on 26 January 2006, and is limited by guarantee.

Objectives

The objectives of the charity are the provision and maintenance of New Oriel Hall, Brookleaze Buildings, Larkhall, Bath, for the use of residents in the area of benefit; without distinction of political, religious, or other opinions, including use for meetings, lectures and classes and other forms of recreation and leisure-time occupation, with the object of improving the conditions of life of the said residents.

Review of activities

During this year, income from the Hall lettings totalled £62,049. Added to this figure are investment income £268; 100 club income of £1,171; donations of £227; other income of £641 making a total income for this year of £64,356.

Unrestricted expenditure of the hall was £80,119 and governance costs were £6,047 giving a total of £86,166. This resulted in a net income over expenditure for the year of unrestricted funds of minus £21,810.

Restricted fund expenditure includes a charge of £25,233 depreciation on the freehold costs of the Hall; garden and yard refurbishment, and depreciation of other assets of £60; a total of £25,293. The depreciation on the freehold represents 2% of the costs thus allowing the initial costs to be written off over fifty years. The actual market value of the hall is not reflected in the accounts.

Reserves policy

It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in income, they will be able to continue the charity’s current activities. Unrestricted reserves are £47,420 so in excess of this target.

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Public Benefit

The trustees have complied with section 4 of the 2011 Charities Act, having due regard for the Charity Commission’s guidance on public benefit when reviewing the charity’s aims and objectives.

Risk factors

The trustees have assessed the major risks to which the charity is exposed and are satisfied that systems are in place to mitigate exposure to the major risks.

ON BEHALF OF THE BOARD:

Trustee M Kelleher Date:

2

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF NEW ORIEL HALL

I report on the accounts for the year ended 31 December 2023 set out on pages four to nine.

Responsibilities and basis of report

As the charity trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

Having satisfied myself 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 your company’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 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:

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

  2. the accounts do not accord with those records; or

  3. the accounts 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 accounts 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).

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 accounts to be reached.

Matthew Small FCA Berkeley Hall Marshall Limited 6 Charlotte Street Bath BA1 2NE

Date:

3

NEW ORIEL HALL

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 DECEMBER 2023

Restricted
Unrestricted
funds
funds
Notes
£
£
Income and endowments from:
Donations and legacies
-
227
Charitable activities
Hall letting and allied income
-
62,690
Grants
-
-
100 Club
-
1,171
Investments

-
268

Total
-
64
,356
Expenditure on:
Charitable activities
2
25,293
80,119
105,752
Other
3
-
6
,047
4,368
Total
25
,293
86
,166

110,120
Net expenditure
(25
,293
)
(21
,810
)
(35,367
)
Net movement in funds
(25,293)
(21,810)
(35,367)
Reconciliation of funds:
Total funds brought forward
800
,062
69
,230
904,659
Total funds carried forward
774
,769
47
,420
869,292		 2023
Total
£
227
62,690
-
1,171
268
64
,356
105,412
6
,047
111
,459
(47
,103
)
(47,103)
869
,292
822
,189		 2022
Total
£
2,662
67,833
2,667
1,574

17
74
,753		 2022
Total
£
2,662
67,833
2,667
1,574

17
74
,753


The statement of financial activities includes all gains and losses in the year. All incoming resources and resources expended derive from continuing activities.

The notes form part of these financial statements

4

NEW ORIEL HALL

BALANCE SHEET AS AT 31 DECEMBER 2023 – Company number 05688227


Notes
Fixed assets
Freehold property - New Oriel Hall
4
Improvements to Property
4
Furniture, fittings and fixtures
4
Current Assets
Cash at bank and in hand
Debtors and prepayment
5
Creditors
Amounts falling due within one year
6

Net current assets
Total assets less current liabilities
Represented by: -
Restricted fund carried forward
Unrestricted fund carried forward		 2023
£
£
748,009
25,380
9
,140
782,529
38,385
3
,849
42,234

2
,574

39
,660
822
,189
774,769

47
,420
822
,189		 2022
£
£
772,527
26,095
10
,516
809,138
51,623
11
,224
62,847
2
,693
60
,154
869
,292
800,062
69
,230
869
,292		 2022
£
£
772,527
26,095
10
,516
809,138
51,623
11
,224
62,847
2
,693
60
,154
869
,292
800,062
69
,230
869
,292
809,138
60
,154
869
,292
800,062
69
,230
869
,292

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023

The trustees have not required the charitable company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

The financial statements were approved by the Board of Trustees on ……………………… and were signed on its behalf by:

Trustee M Kelleher

The notes form part of these financial statements 5

NEW ORIEL HALL

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

1 Statutory information and accounting policies

Statutory information

New Oriel Hall is a charitable company, limited by guarantee, registered in England and Wales. The company’s registered number is 05688227 and its registered office can be found on the Administrative Information page. The company is also registered with the Charity Commission and their registered number is 01120867.

Basis of accounting

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Incoming resources

All incoming resources are accounted for when invoiced.

Resources expended

Expenditure is recognised on the accruals basis as each liability is incurred: such expenditure includes any VAT, which cannot be recovered.

Direct charitable expenditure relates to capital expenditure on the purchase and construction of New Oriel Hall, and on furniture and equipment. Such expenditure has been transferred to fixed assets and depreciated as appropriate. Where grants and donations have been received towards the purchase of fixed assets, such grants have been included in restricted funds. Such funds are being reduced by the annual charge to depreciation on those assets.

2 Charitable activity costs

Charitable activity costs
Restricted Unrestricted Total Total
funds funds 2023 2022
£ £ £ £
Depreciation on freehold
of New Oriel Hall 25,233 - 25,233 25,233
Costs of running and maintaining
the hall 60 80
,119		 80
,179		 80
,519
25
,293		 80
,119		 105 ,412
105,752

3 Other costs

2023
£
Examination of accounts
350
Accounts and payroll
778
Proportion of administration costs
2,596
Subscriptions and licences
2
,323
6
,047		 2022
£
350
736
2,548
734
4
,368

6

NEW ORIEL HALL

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023 (continued)

4 Fixed assets

The amount shown as direct charitable expenditure relates to the cost to date of purchasing the following assets, which have been depreciated as follows: -

Freehold:
2% per annum - straight line
Improvements:
2% per annum - straight line
Furniture etc:
20% per annum - reducing balance
Freehold of New Oriel Hall
Cost as at 1 January 2023
Accumulated depreciation brought forward
Depreciation - charge in year
As at 31 December 2023
As at 31 December 2022
Improvements to Property
Cost as at 1 January 2023
Accumulated depreciation brought forward
Depreciation - charge in year

As at 31 December 2023
As at 31 December 2022
Furniture, fixtures and fittings
Cost as at 1 January 2023
Additions

£
1,225,942
453,415
24
,518

477
,933
748,009
772
,527
35,748
9,653
715
10
,368
25,380
26
,095
51,258
909
Accumulated depreciation brought forward
Depreciation - Charge for the year


As at 31 December 2023

As at 31 December 2022		 40,742

2
,285
43
,027
9
,140
10
,516

7

NEW ORIEL HALL

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023 (continued)

5 Debtors and prepayments

2023 2022
£ £
Debtors 3
,849		 11
,224
6 Creditors
2023 2022
£ £
Amounts falling due within one year: -
Other creditors and accruals 2
,574		 2
,693

7 Trustees remuneration and related party transactions

None of the trustees received any remuneration during the year: nor did any trustee receive reimbursement for any expenses (2022 - nil).

8 Taxation

The activities of the charitable company fall within the exemptions afforded by the provisions of the Corporation Tax Act 2010. Accordingly, there is no taxation charge in these accounts.

9 Purposes of restricted funds

These funds have been received to pay for salaries, to purchase equipment for the hall, to promote youth work and to improve the outbuildings.

10 Restricted funds

Balance at Incoming Resources Balance at
01.01.23 resources expended 31.12.23
£ £ £ £
Freehold property
748,009
Storage building etc
Fixtures and fittings
Funds received for storage building

1,138		 772,527
26,095
302
1
,138

825,371		 -
-
-
-

-		 24,518
715
25,380
60
242
-

25,309

774,769

11 Statement of financial activities comparatives

Unrestricted income and endowments for 2022 consisted of £72,074 charitable activities; £2,662 donations; and £17 investments. Expenditure consisted of £80,443 charitable activities and £4,368 other. The unrestricted funds opening value was £79,288 and closed at £69,230.

Restricted income and endowments for 2022 consisted of no donations and legacies. Expenditure consisted of £25,309 charitable activities. Restricted funds opening value was £825,371 and closed at £800,062.

8

NEW ORIEL HALL

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023 (continued)

12. Funds

Total restricted funds at the year-end were £774,769, which consisted of £773,631 fixed assets and £1,138 money held in bank.

The unrestricted fund was £47,420, and consisted of £8,898 fixed assets, £3,849 debtors less £2,574 creditors. The balance, £37,247, was held as cash at bank.

13. Staff costs

Staff costs:
Salaries and fees
Pensions
Total		 2023
£
36,407
905
37,312		 2022
£
35,781
900
36,681

The average number of employees during the year was 3.

No employee received emoluments of more than £60,000 during the year.

NEW ORIEL HALL

DETAILED STATEMENT OF UNRESTRICTED INCOME AND EXPENDITURE FOR THE YEAR ENDED 31 DECEMBER 2023

Year Ended Year Ended
31.12.23 31.12.22
£ £
INCOMING RESOURCES
Hall lettings 62,690 67,833
100 Club 1,171 1,574
Bank interest 268 17
Grants - 2,667
Donations and legacies 227 2,662
Total incoming resources 64,356 74,753
RESOURCES EXPENDED
Staff costs 37,312 36,681
Rent and rates 8,034 3,534
Light and heat 8,566 8,201
Cleaning 7,408 4,509
Security 2,284 1,720
Repairs and renewals 5,924 14,284
Insurance 2,806 2,407
Printing and stationery 504 -
Telephone and internet 697 1,391
Office expenses 923 1,637
Advertising 992 624
Licences 2,323 734
Accountancy and payroll 778 736
Independent examination 350 350
Sundry expenses 332 331
Lunch club / 100 club 1,664 2,222
Library expenses 208 -
Friendship circle 326 311
Film Club 49 -
Wellbeing 2,064 2,162
Garden 282 405
Sum Up and bank charges 115 19
Depreciation 2,225 2,553
Total resources expended 86,166 84,811
Net expenditure (21,810) (10,058)

This page does not form part of the statutory financial statements

Charity registered number : 1120867

Company number: 05688227

NEW ORIEL HALL

REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR

31 DECEMBER 2023

NEW ORIEL HALL

INDEX TO THE REPORT AND FINANCIAL STATEMENTS FOR THE FOR THE YEAR ENDED 31 DECEMBER 2023

Page no

1 Legal and administrative details
2 Trustees report
3 Report of the independent examiner
4 Statement of financial activities
5 Balance sheet
6/9 Notes to the financial statements
10 Detailed statement of unrestricted
income and expenditure

NEW ORIEL HALL

LEGAL AND ADMINISTRATIVE DETAILS

AS AT 31 DECEMBER 2023

Trustees David Lucas
Linda Patterson
Robert Shackell
Theresa Waterhouse
Michael Williams resigned 21 March 2023
Michael Kelleher
Annie Fear
Antony Ashford appointed 10 January 2024
Ruth Whitemore appointed 10 January 2024
Company secretary Linda Patterson
Principal office New Oriel Hall
Brookleaze Buildings
Larkhall
BATH
BA1 6RA
Charity registered number 1120867
Company number 5688227
Bankers Barclays Bank plc
4 – 5 Southgate Street
BATH
BA1 1AQ
Co-operative Bank plc
Business Direct
P.O. Box 250
Skelmersdale
WN8 6WT
Legal advisors Stone King LLP
Upper Borough Court
Upper Borough Walls
BATH
BA1 1RG
Accountants Berkeley Hall Marshall Limited
Chartered Accountants
6 Charlotte Street
BATH
BA1 2NE

NEW ORIEL HALL REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 2023. The trustees have adopted the provisions of 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).

Incorporation

The charitable company was incorporated on 26 January 2006, and is limited by guarantee.

Objectives

The objectives of the charity are the provision and maintenance of New Oriel Hall, Brookleaze Buildings, Larkhall, Bath, for the use of residents in the area of benefit; without distinction of political, religious, or other opinions, including use for meetings, lectures and classes and other forms of recreation and leisure-time occupation, with the object of improving the conditions of life of the said residents.

Review of activities

During this year, income from the Hall lettings totalled £62,049. Added to this figure are investment income £268; 100 club income of £1,171; donations of £227; other income of £641 making a total income for this year of £64,356.

Unrestricted expenditure of the hall was £80,119 and governance costs were £6,047 giving a total of £86,166. This resulted in a net income over expenditure for the year of unrestricted funds of minus £21,810.

Restricted fund expenditure includes a charge of £25,233 depreciation on the freehold costs of the Hall; garden and yard refurbishment, and depreciation of other assets of £60; a total of £25,293. The depreciation on the freehold represents 2% of the costs thus allowing the initial costs to be written off over fifty years. The actual market value of the hall is not reflected in the accounts.

Reserves policy

It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in income, they will be able to continue the charity’s current activities. Unrestricted reserves are £47,420 so in excess of this target.

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Public Benefit

The trustees have complied with section 4 of the 2011 Charities Act, having due regard for the Charity Commission’s guidance on public benefit when reviewing the charity’s aims and objectives.

Risk factors

The trustees have assessed the major risks to which the charity is exposed and are satisfied that systems are in place to mitigate exposure to the major risks.

ON BEHALF OF THE BOARD:

Trustee M Kelleher Date:

2

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF NEW ORIEL HALL

I report on the accounts for the year ended 31 December 2023 set out on pages four to nine.

Responsibilities and basis of report

As the charity trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

Having satisfied myself 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 your company’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 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:

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

  2. the accounts do not accord with those records; or

  3. the accounts 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 accounts 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).

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 accounts to be reached.

Matthew Small FCA Berkeley Hall Marshall Limited 6 Charlotte Street Bath BA1 2NE

Date:

3

NEW ORIEL HALL

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 DECEMBER 2023

Restricted
Unrestricted
funds
funds
Notes
£
£
Income and endowments from:
Donations and legacies
-
227
Charitable activities
Hall letting and allied income
-
62,690
Grants
-
-
100 Club
-
1,171
Investments

-
268

Total
-
64
,356
Expenditure on:
Charitable activities
2
25,293
80,119
105,752
Other
3
-
6
,047
4,368
Total
25
,293
86
,166

110,120
Net expenditure
(25
,293
)
(21
,810
)
(35,367
)
Net movement in funds
(25,293)
(21,810)
(35,367)
Reconciliation of funds:
Total funds brought forward
800
,062
69
,230
904,659
Total funds carried forward
774
,769
47
,420
869,292		 2023
Total
£
227
62,690
-
1,171
268
64
,356
105,412
6
,047
111
,459
(47
,103
)
(47,103)
869
,292
822
,189		 2022
Total
£
2,662
67,833
2,667
1,574

17
74
,753		 2022
Total
£
2,662
67,833
2,667
1,574

17
74
,753


The statement of financial activities includes all gains and losses in the year. All incoming resources and resources expended derive from continuing activities.

The notes form part of these financial statements

4

NEW ORIEL HALL

BALANCE SHEET AS AT 31 DECEMBER 2023 – Company number 05688227


Notes
Fixed assets
Freehold property - New Oriel Hall
4
Improvements to Property
4
Furniture, fittings and fixtures
4
Current Assets
Cash at bank and in hand
Debtors and prepayment
5
Creditors
Amounts falling due within one year
6

Net current assets
Total assets less current liabilities
Represented by: -
Restricted fund carried forward
Unrestricted fund carried forward		 2023
£
£
748,009
25,380
9
,140
782,529
38,385
3
,849
42,234

2
,574

39
,660
822
,189
774,769

47
,420
822
,189		 2022
£
£
772,527
26,095
10
,516
809,138
51,623
11
,224
62,847
2
,693
60
,154
869
,292
800,062
69
,230
869
,292		 2022
£
£
772,527
26,095
10
,516
809,138
51,623
11
,224
62,847
2
,693
60
,154
869
,292
800,062
69
,230
869
,292
809,138
60
,154
869
,292
800,062
69
,230
869
,292

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023

The trustees have not required the charitable company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

The financial statements were approved by the Board of Trustees on ……………………… and were signed on its behalf by:

Trustee M Kelleher

The notes form part of these financial statements 5

NEW ORIEL HALL

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

1 Statutory information and accounting policies

Statutory information

New Oriel Hall is a charitable company, limited by guarantee, registered in England and Wales. The company’s registered number is 05688227 and its registered office can be found on the Administrative Information page. The company is also registered with the Charity Commission and their registered number is 01120867.

Basis of accounting

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Incoming resources

All incoming resources are accounted for when invoiced.

Resources expended

Expenditure is recognised on the accruals basis as each liability is incurred: such expenditure includes any VAT, which cannot be recovered.

Direct charitable expenditure relates to capital expenditure on the purchase and construction of New Oriel Hall, and on furniture and equipment. Such expenditure has been transferred to fixed assets and depreciated as appropriate. Where grants and donations have been received towards the purchase of fixed assets, such grants have been included in restricted funds. Such funds are being reduced by the annual charge to depreciation on those assets.

2 Charitable activity costs

Charitable activity costs
Restricted Unrestricted Total Total
funds funds 2023 2022
£ £ £ £
Depreciation on freehold
of New Oriel Hall 25,233 - 25,233 25,233
Costs of running and maintaining
the hall 60 80
,119		 80
,179		 80
,519
25
,293		 80
,119		 105 ,412
105,752

3 Other costs

2023
£
Examination of accounts
350
Accounts and payroll
778
Proportion of administration costs
2,596
Subscriptions and licences
2
,323
6
,047		 2022
£
350
736
2,548
734
4
,368

6

NEW ORIEL HALL

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023 (continued)

4 Fixed assets

The amount shown as direct charitable expenditure relates to the cost to date of purchasing the following assets, which have been depreciated as follows: -

Freehold:
2% per annum - straight line
Improvements:
2% per annum - straight line
Furniture etc:
20% per annum - reducing balance
Freehold of New Oriel Hall
Cost as at 1 January 2023
Accumulated depreciation brought forward
Depreciation - charge in year
As at 31 December 2023
As at 31 December 2022
Improvements to Property
Cost as at 1 January 2023
Accumulated depreciation brought forward
Depreciation - charge in year

As at 31 December 2023
As at 31 December 2022
Furniture, fixtures and fittings
Cost as at 1 January 2023
Additions

£
1,225,942
453,415
24
,518

477
,933
748,009
772
,527
35,748
9,653
715
10
,368
25,380
26
,095
51,258
909
Accumulated depreciation brought forward
Depreciation - Charge for the year


As at 31 December 2023

As at 31 December 2022		 40,742

2
,285
43
,027
9
,140
10
,516

7

NEW ORIEL HALL

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023 (continued)

5 Debtors and prepayments

2023 2022
£ £
Debtors 3
,849		 11
,224
6 Creditors
2023 2022
£ £
Amounts falling due within one year: -
Other creditors and accruals 2
,574		 2
,693

7 Trustees remuneration and related party transactions

None of the trustees received any remuneration during the year: nor did any trustee receive reimbursement for any expenses (2022 - nil).

8 Taxation

The activities of the charitable company fall within the exemptions afforded by the provisions of the Corporation Tax Act 2010. Accordingly, there is no taxation charge in these accounts.

9 Purposes of restricted funds

These funds have been received to pay for salaries, to purchase equipment for the hall, to promote youth work and to improve the outbuildings.

10 Restricted funds

Balance at Incoming Resources Balance at
01.01.23 resources expended 31.12.23
£ £ £ £
Freehold property
748,009
Storage building etc
Fixtures and fittings
Funds received for storage building

1,138		 772,527
26,095
302
1
,138

825,371		 -
-
-
-

-		 24,518
715
25,380
60
242
-

25,309

774,769

11 Statement of financial activities comparatives

Unrestricted income and endowments for 2022 consisted of £72,074 charitable activities; £2,662 donations; and £17 investments. Expenditure consisted of £80,443 charitable activities and £4,368 other. The unrestricted funds opening value was £79,288 and closed at £69,230.

Restricted income and endowments for 2022 consisted of no donations and legacies. Expenditure consisted of £25,309 charitable activities. Restricted funds opening value was £825,371 and closed at £800,062.

8

NEW ORIEL HALL

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023 (continued)

12. Funds

Total restricted funds at the year-end were £774,769, which consisted of £773,631 fixed assets and £1,138 money held in bank.

The unrestricted fund was £47,420, and consisted of £8,898 fixed assets, £3,849 debtors less £2,574 creditors. The balance, £37,247, was held as cash at bank.

13. Staff costs

Staff costs:
Salaries and fees
Pensions
Total		 2023
£
36,407
905
37,312		 2022
£
35,781
900
36,681

The average number of employees during the year was 3.

No employee received emoluments of more than £60,000 during the year.

NEW ORIEL HALL

DETAILED STATEMENT OF UNRESTRICTED INCOME AND EXPENDITURE FOR THE YEAR ENDED 31 DECEMBER 2023

Year Ended Year Ended
31.12.23 31.12.22
£ £
INCOMING RESOURCES
Hall lettings 62,690 67,833
100 Club 1,171 1,574
Bank interest 268 17
Grants - 2,667
Donations and legacies 227 2,662
Total incoming resources 64,356 74,753
RESOURCES EXPENDED
Staff costs 37,312 36,681
Rent and rates 8,034 3,534
Light and heat 8,566 8,201
Cleaning 7,408 4,509
Security 2,284 1,720
Repairs and renewals 5,924 14,284
Insurance 2,806 2,407
Printing and stationery 504 -
Telephone and internet 697 1,391
Office expenses 923 1,637
Advertising 992 624
Licences 2,323 734
Accountancy and payroll 778 736
Independent examination 350 350
Sundry expenses 332 331
Lunch club / 100 club 1,664 2,222
Library expenses 208 -
Friendship circle 326 311
Film Club 49 -
Wellbeing 2,064 2,162
Garden 282 405
Sum Up and bank charges 115 19
Depreciation 2,225 2,553
Total resources expended 86,166 84,811
Net expenditure (21,810) (10,058)

This page does not form part of the statutory financial statements