## Wanstrow Village Hall Trustees Annual Report 2023-24
The year ending 31st March, 2024 showed a profit of £2,283. This was mainly due to an insurance claim.
The renewable heat income was up by £94 and interest on the Unit Trust Acount was up by £547. However, Hall Hire was down by £2,565
## Income :
|Income from Hall hire
Park Refurbishment
Damage Deposits
Grants
Renewable Heat Incentve
Insurance claim
Interest
Total Income|2023-24
2022-23|
|---|---|
||8,193
10,758
3,999
4,217
350
200
0
2,014
1,920
19,244
0
837
290|
||34,636
17,385|
## Expenditure :
|Total Expenditure|2023-24
2022-23|
|---|---|
||32,353
15,866|
The increase in running costs was due to repairs and refurbishment following water damage. Other costs were in line with previous yeas.
## Hall Hire :
Sadly Hall bookings were down; possibly due to the Cost of Living Crisis.
## Park Refurbishment :
The total amount raised to date of £6,617, is held in a reserve account, can be seen on Table 5
## Reserves :
The £20,000 bond, invested with The United Trust Bank, has increased in value to £22,416.45 Interest received of £836.96 at 31.10.23.
It has been agreed, by the Trustees, that this amount should be held in reserve to cover any major expenditure.
## Budget :
A budget for 2024/25 is under review.
## Going Concern :
The trustees continue to run the hall in a cost effective manner, by showing that they are able to meet any liabilities as they fall due.
Julie Mounty Treasurer
Signed by the Trustees on..18.11.2024 As a true account of the charities activities 2023-24
Helen Johns .............................................................. Chair Nigel Clements.......................................................... Vice Chair Julie Mounty ............................................................. Treasurer Linda Stevens ............................................................ Hiring's Secretary Debra Pinnock …....................................................... Minutes Secretary Carole Tonkinson ....................................................... Trustee Tom Husband …......................................................... Trustee
## Balance Sheet at 31st March, 2024
Annex 1
|||Total Funds 2023-24||Total Funds 2022-23|
|---|---|---|---|---|
|Balance Sheet
Fixed assets :
Intangible assets
Tangible assets
Total fxed assets
Current assets :
Debtors & Accrued Income
Investments
Cash at bank and in hand
Total current assets
Liabilites :
Creditors
Prepayments
Total current liabilites :
Net current assets
Total assets less current liabilites||150,000
11,654||150,000
0
11,315|
|||161,654||161,315|
|||4,535
22,416
9,507||3,513
21,579
10,564|
|||36,458||35,656|
|||42
565||417
1,425|
|||607||1,842|
|||35,851||33,814|
|||197,505||195,129|
|Total net assets||197,505||195,129|
|The funds of the charity :
Restricted fund - Assets
Unristricted funds - Assets
Restricted income funds (1)
Restricted income funds (2)
Unrestricted income funds
Total funds of the charity:||150,000
40,323
565
6,617
0||150,000
40,948
1,425
2,756
0|
|||197,505||195,129|
## Notes to the Accounts
y was entitled to exemption, from the audit of the accounts,
under section 477 of the Companies Act 2006.
No members have requested the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Companies Act.
The legal requirements for the preparation of charity accounts is governed by the Charities Act 2011 and The Charities(Accounts and Reports) Regulations 2008
## The Directors acknowledge their responsibility for :-
- i Ensuring the company keeps records which comply with section 386 ii Preparing accounts which give a true and fair view of the state of affairs of the company as at the end of its profit and loss financial year in accordance with section 393, and which otherwise comply with the requirements of the companies act relating to accounts, so far as is applicable to the company
- iii Fixed assets
- iv Intangible assets
- v Tangible assets
- vi Current assets
- vii Stocks
## Fixed Assets :
- 1 Fixed Assets : The land held as freehold on which the Village Hall is built, and the adjoining Playing field, with a current Hope Value of £150,00. This land is registered under the charity no. 304661 and has no market value : it is held in trust as an amenity for public use only and cannot be sold. If the Village Hall is not in use or ceases to function as such, and the charity is closed the land must revert back to the Charity Commission.
## Tangible and Intangible Assets :
- 2 See table 2
- 3 Debtors at 31st March, 2024 Hall Hire 1,645
## Accrued income at 31st March, 2024
Wanstrow Parish Council - refund of grass cutting costs 1,440 E-on 1,450
- 4 Investments : May be realised within 12 months of reporting date
- 5 Cash at bank and in hand at 31st March, 2024 :
Nat West 63761106 9103 Cash in hand 404 9,507
- 6 Creditors at 31st March, 2024
Amounts falling due within one year H Johns 41.55
- 7 Restricted Funds :
For analysis see Table 3 & 5
- 8 Unrestricted Funds :
For analysis see Table 4
- 10 Expenses paid to Trustees :
A total of £41.55 was paid to one trustee for cleaning products
## 11 The Independent Examiner :
No charge has been made to the Independent Examiner for her services.
- 12 The Accountng Principle : The Accounting Principle is the Accrual basis.
Relevant professional
qualification(s) or body (if
any):
Address:
1 g rfA IOtrJ L£WxJ
IZOM & 30(n £ew , l LUJNI
Only complete if the examiner needs to highlight material matters of concern
(see CC32, Independent examination of charity accounts: directions and
guidance for examiners)-
IER
Oct 2018