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← The Diss Corn Hall Trust

2025-03-31-accounts

REGISTERED COMPANY NUMBER: 06964297 (England and Wales) REGISTERED CHARITY NUMBER: 1136553

Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 March 2025 for The Diss Corn Hall Trust

Waveney Accountants Ltd T/A Newman & Co Chartered Accountants 4b Church Street

Diss Norfolk IP22 4DD

The Diss Corn Hall Trust

Contents of the Financial Statements for the Year Ended 31 March 2025

Page
Chairman’s Report 1
Report of the Trustees 2 to 6
Independent Examiner's Report 7
Consolidated Statement of Financial Activities 8
Parent Charity Statement of Financial Activities 9
Consolidated Balance Sheet 10 to 11
Parent Charity Balance Sheet 12 to 13
Consolidated Cash Flow Statement 14
Notes to the Financial Statements 15 to 27
Detailed Statement of Financial Activities 28

The Diss Corn Hall Trust

Chair’s Report for the Year Ended 31 March 2025

It is with great pride and optimism that I present this year’s Chair’s Report. Over the past year, our community arts centre has demonstrated remarkable resilience and growth, emerging from financial challenges to establish a stable foundation for the future.

Financial Recovery and Stability

Following a period of financial uncertainty, we have reviewed all of our operations, implemented rigorous financial management practices and reviewed a strategic plan. These efforts have led to a balanced budget and a rebuilding our financial reserves. Our focus on sustainability ensures that we can continue to serve our community effectively.

Strengthened Staff and Volunteer Team

A cornerstone of our recovery has been the assembly of a dedicated and skilled staff team. Their commitment, alongside our invaluable volunteers, has revitalised our operations and enhanced our capacity to deliver quality programmes. Our cafe and bar team provide excellent support and service to our operations and are building a fantastic reputation for their homemade refreshments. We have also welcomed some new and talented people to our Board of Trustees and their contribution is already adding value.

Diverse and Engaging Programming

This year, we expanded our programming to include a variety of events that reflect the interests and diversity of our community. From workshops and exhibitions to performances and community gatherings, The Corn Hall continues to be a vibrant hub for artistic expression and cultural exchange.

Community Engagement and Partnerships

Our renewed focus on community engagement has strengthened existing partnerships and fostered new collaborations. These relationships are vital to our mission and have contributed to increased participation and support from the community.

Looking Ahead

As we move forward, our priorities include continuing to build our financial reserves, expanding our outreach activities, and enhancing our facilities to better serve our community. We are committed to fostering an inclusive environment where creativity thrives and everyone feels welcome.

Our local community radio station, Park Radio, have moved into the building, bringing an exciting, new cultural dynamic to our venue and generating a great synergy between two Arts institutions that are much loved in our community.

I extend my heartfelt gratitude to our staff, volunteers, partners, and supporters. Your unwavering dedication and enthusiasm have been instrumental in our journey toward stability and growth.

Together, we look to the future with confidence and a shared commitment to enriching our community through the arts, in all their forms.

Debbie Gaze

Chair

… November 2025

1

The Diss Corn Hall Trust

Report of the Trustees

for the Year Ended 31 March 2025

The trustees present their report and the financial statements for the year ended 31 March 2025, which are also prepared to meet the requirements for a directors' report and accounts for Companies House purposes.

Since the company qualifies as small under section 383 of the Companies Act 2006, the strategic report required of medium and large companies under The Companies Act 2006 (Strategic Report and Director's Report) Regulations 2013 is not required.

Charitable objectives

The trustees have had due regard to guidance issued by the Charity Commission on public benefit when reviewing the Charity's objectives, activities and achievements. These are taken into consideration when planning for the future. All charitable activities are undertaken to further charitable purposes for the public benefit. The Trust was formed to provide public benefit by advancing the education of the public in the performing arts, the creative arts and the visual arts and in furtherance of these objects to provide and manage an arts centre in Diss.

Mission statement

The Vision and Mission statements of the Corn Hall Trust are as follows:

Vision

The Corn Hall will INSPIRE, ENRICH, CHALLENGE and DELIGHT our audiences.

Mission

Creative Hub – The Corn Hall will be a creative hub, holding workshops and learning opportunities that will facilitate creative outputs as well as encouraging original arts creativity in its events programme.

Community Hub – The Corn Hall will be a hub of activity for the people of Diss and the surrounding area. This will include live events, rooms for community hire and usage, free exhibitions, a range of learning opportunities and an accessible sociable daytime cafe offer.

Challenge – The Corn Hall will provide a platform to theatre productions, comedians, musicians, poets and visual artists who will be able to provide their own artistic expression to challenge a response from the audience. Through workshops and courses, we will challenge local people to produce their own creative expression.

Delight – The Corn Hall will be a daytime and evening venue where people can come to enjoy a show, a course or an exhibition enhanced by good food and drink.

Open to Everyone - The Corn Hall will aim to engage with people of all ages and backgrounds.

Management and organisation

As a company limited by guarantee the governing instrument of the Trust is its memorandum and articles of association. The Trust is a registered charity and so the directors of the company (the Trust) are both directors for the purposes of company law and trustees for the purposes of charity law; they are referred to as trustees.

Membership

Membership is open to any person or organisation interested in promoting the objects of the Trust, and whose name is included in the Register of members. The trustees may set a fee to be payable for membership, but no fee is currently payable. Membership is not transferable.

The trustees may terminate the membership of any person or organisation whose continued membership would, in their reasonable view, be harmful to the Trust, but only after notifying the member concerned in writing and considering the matter in the light of any representations put forward by the member within fourteen clear days of such notice.

2

The Diss Corn Hall Trust

Report of the Trustees

for the Year Ended 31 March 2025

Trustees

The trustees manage and control the Trust and its assets. The Trust board comprises at least three trustees and those trustees appoint from among themselves such officers as they think fit; currently the officers comprise a chairman, treasurer and secretary.

Trustees are appointed via application process, including interviews by existing Trustees. As an induction new Trustees will have 1-2-1 sessions with the Chair and The General Manager. New Trustees will also receive a copy of our handbook which covers in considerable details the role. Trustee Recruitment and induction policies are maintained and updated regularly.

The Trustees have appointed a General Manager, Lee Johnson, who is supported by Site Co-Ordinator, Lindsey Booty, to create and manage the programme of events and to oversee the staff team and day to day running of the café, bar and building.

Remuneration of these 2 key staff members is determined by review of performance against benchmarks for DCH objectives and industry and national pay levels, this led by The Chair

A total of 4 staff are permanently employed by the Trust supported by casual Duty Managers. The Site Co-Ordinator also oversees the Café and Bar and is supported by 10 part time or casual staff.

Since opening its doors in 2010, The Corn Hall has benefitted from an extraordinary level of community support, with volunteer contributions exceeding 1,000,700 hours. This commitment underpins the venue’s ability to deliver high quality cultural experiences for audiences across the Waveney Valley.

This sustained effort represents not only a significant operational resource but also a powerful expression of community engagement. Without this workforce, The Corn Hall could not maintain its current level of service or accessibility. Their contribution is central to the venue’s success and cultural impact.

The trustees in office are subject to reappointment by the members; one-third of the trustees retires by rotation but may stand for re-election at the AGM. Retiring from the Board this year is Kevan Baker, who is seeking re-election. In addition, trustees who are co-opted onto the board since the AGM stand down and may seek election at the following AGM.

Governance

The trustees have appointed a finance committee to meet monthly to consider the financial situation of the Trust and the risks and opportunities presented. The Treasurer reviews all expenditure and chairs the formal finance committee which reviews quarterly income and expenditure statements, the annual accounts and any other financial matters. The minutes are circulated to the trustees at board meetings. Systems and procedures have been put in place to mitigate any risks, and policies have been adopted to ensure consistency of treatment; these are subject to regular review. All volunteers are given induction training and specific training for the roles they wish to perform.

Review of developments, activities and achievements

The Trust was formed to develop and operate an arts and heritage centre in Diss. The Trust has agreed a 35-year lease with Diss Town Council. An exciting and diverse range of programmes has been developed since opening in 2010 has continued to attract a growing audience in the Corn Hall following major refurbishment. The current situation is reflected in the reports submitted above.

FINANCIAL REVIEW

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities

3

Act 2011. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The financial position of the Trust is shown in the attached financial statements.

To support the arts activities at the venue, successful grant applications have been used to support some of our work. DCH also benefits as regards the arrangements with Diss Town Council in leasing and maintaining the building.

The Trustees maintain a risk register, which is reviewed regularly, to understand the nature and significance of the risks facing the charity at any given time.

Currently the national issues facing Arts/ entertainments and hospitality organisations are the key areas of concern.

In practice these are reflected in the form of later purchasing of tickets to events, causing concern about viability and risk of cancellation. Staff costs have significantly increased over recent years and with the cost-of-living crisis still an issue for many local people the spend per head of customers is very much an ongoing concern.

In order to continue to operate successfully, we have focused our marketing efforts, improved our café/Bar offerings and our GM strives to keep the programme creative entertaining and attractive to our audiences. We work on ongoing basis to increase the income streams that will keep DCH moving forward.

The Corn Hall rents space to local banking organisations that no longer have branches in the Town. We also now host Park Radio.

The Corn Hall is primarily funded from these enterprises supported by staff and trustee fundraising and grant aiding plans and initiatives

Reserves policy

Reserves are needed to cover committed and unexpected expenditure.

The trustees have identified the need to reserve three months core running costs, which, for 2024/25, is forecast to be £70k. For this purpose, running costs exclude direct event costs (covered by ticket sales) and depreciation.

The parent’s unrestricted reserves at 31 March 2025 were £98,473 (2024 - £13,863) and restricted reserves £37,908 (2024 - £48,772). As per the CEO report everything is being done to ensure the reserves are built back up and maintained.

Demonstrating public benefit

The Trust has provided public benefit by advancing the education of the public in the arts through open to the public throughout the year. Theatre, film, comedy, music, dance, art and the spoken word are all catered for to provide an interesting and varied programme offering something for all ages and all interests. In doing so the Trust has sought to retain its existing audiences and build new ones. DCH also hosts valuable community activities and creative workshops particularly for young people.

Statement of Trustees' Responsibilities

Charity law requires the trustees to prepare financial statements for each financial year, which show a true and fair view of the state of affairs of the charity and its financial activities for that period. In preparing those financial statements, the trustees are required to:

o Select suitable accounting policies and then apply them consistently;

o Observe the methods and principles in the Charities SORP;

o Make judgements and estimates that are reasonable and prudent;

o State whether applicable accounting standards and statements of recommended practice have been followed, subject to any departures disclosed and explained in the financial statements; and

o Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operational existence.

4

The Diss Corn Hall Trust

Report of the Trustees

for the Year Ended 31 March 2025

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STRUCTURE, GOVERNANCE AND MANAGEMENT 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.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number

06964297 (England and Wales)

Registered Charity number

1136553

Registered office

The Corn Hall St Nicholas Street Diss Norfolk IP22 4LB

Bank

Barclays Bank, Diss Branch

Accountants

Waveney Accountants Limited T/A Newman & Co 4b Church Street Diss Norfolk IP22 4DD

REFERENCE AND ADMINISTRATIVE DETAILS Trustees

Kevan Baker Treasurer Amy Bishop Resigned 04.07.24 Jane Louise Bryan Resigned 17.01.25 Richard Budds Claire Butler Appointed 17.01.25 Mark Ellery Peter Ellis Benedict Hakon Geoffrey Falk Appointed 22.10.24 Debbie Gaze Chair James Terry Grint Appointed 19.06.25 Andrew John Seager Appointed 22.10.24 Hannah Wright Resigned 21.04.24

Company Secretary

Carole Hunt

5

The Diss Corn Hall Trust

Report of the Trustees

for the Year Ended 31 March 2025

Independent examiner Wayne Goddard FCCA ACA CTA ICAEW Waveney Accountants Ltd T/A Newman & Co Chartered Accountants 4b Church Street Diss Norfolk IP22 4DD

Approved by order of the board of trustees on ……… 2025 and signed on its behalf by:

Debbie Gaze - Chair

6

Independent Examiner's Report to the Trustees of The Diss Corn Hall Trust

for the Year Ended 31 March 2025

Independent examiner's report to the trustees of The Diss Corn Hall Trust group ('the Group')

I report to the charity trustees on my examination of the accounts of the company and the consolidated accounts of the Group comprising The Diss Corn Hall Trust (‘the Company’) and its subsidiary undertaking for the year ended 31 March 2025, which are set out on pages 1 to 28.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the consolidated accounts of the Group in accordance with the requirements of the Charities Act 2011 (‘the 2011 Act’) and the Companies Act 2006 ('the 2006 Act') and you have chosen to prepare consolidated accounts for the Group. You are satisfied that the accounts of both the Company and the Group are not required by law to be audited and have chosen instead to have an independent examination.

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 the consolidated 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.

An independent examination does not involve gathering all the evidence that would be required in an audit and consequently does not cover all the matters that an auditor considers in giving their opinion on the accounts. The planning and conduct of an audit goes beyond the limited assurance that an independent examination can provide. Consequently I express no opinion as to whether the consolidated accounts present a “true and fair” view and my report is limited to those specific matters set out in the independent examiner’s statement.

Independent examiner's statement

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of ICAEW which is one of the listed bodies

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:

  1. accounting records were not kept in respect of the Company and its subsidiary 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 concerning the form and content of the accounts set out in the Charities (Accounts and Reports) Regulations 2008 or the Companies 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

Wayne Goddard FCCA ACA CTA Waveney Accountants Ltd T/A Newman & Co Chartered Accountants 4b Church Street Diss Norfolk IP22 4DD

Date: November 2025

7

The Diss Corn Hall Trust

Consolidated Statement of Financial Activities Including Income and Expenditure Account for the Year Ended 31 March 2025

Notes
INCOME AND
ENDOWMENTS FROM
Donations and fundraising
3
Investment income - bank
interest
Trading operations
4
Charitable activities
5
Corn Hall operations
Grants receivable
Total
EXPENDITURE ON
Trading expenditure
4
Charitable activities
Corn Hall operations
6
Fund raising costs
Governance costs
18
Total
NET
INCOME/(EXPENDITURE)
Transfers between funds
Net movement in funds
RECONCILIATION OF
FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED
FORWARD		 Unrestricted
funds
Restricted
funds
31.03.2025
Total funds
31.03.2024
Total funds
£
£
£
£
14,541
6,398
20,939
16,146
1,136
-
1,136
529
168,108
-
168,108
191,170
479,157
-
479,157
449,572
24,500
9,810
34,310
31,390
687,442
16,208
703,650
688,807
156,268
-
156,268
173,959
451,284
27,206
478,490
556,957
-
-
-
530
3,124
-
3,124
2,205
610,676
27,206
637,882
733,651
76,766
(10,998)
65,768
(44,844)
(134)
134
-
-
76,632
(10,864)
65,768
(44,844)
41,180
48,672
89,852
134,696
117,812
37,808
155,620
89,852

8

The Diss Corn Hall Trust

Parent Statement of Financial Activities Including Income and Expenditure Account for the Year Ended 31 March 2025

Notes
INCOME AND ENDOWMENTS
FROM
Donations and fundraising
3
Donation from subsidiary
13
Investment income - bank interest
Charitable activities
5
Corn Hall operations
Grants receivable
Total
EXPENDITURE ON
Charitable activities
Corn Hall operations
6
Fund raising
Governance costs
18
Total
NET INCOME/(EXPENDITURE)
Transfers between funds
Net movement in funds
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED
FORWARD		 Unrestricted
funds
Restricted
funds
31.03.2025
Total
funds
31.03.2024
Total
funds
£
£
£
£
14,541
6,398
20,939
16,146
19,818
-
19,818
2,172
1,136
-
1,136
529
479,157
479,157
449,572
24,500
9,810
34,310
31,390
539,152
16,208
555,360
499,809
451,284
27,206
478,490
556,957
-
-
-
530
3,124
-
3,124
2,205
454,408
27,206
481,614
559,692
84,744
(10,998)
73,746
(59,883)
(134)
134
-
-
84,610
(10,864)
73,746
(59,883)
13,863
48,772
62,635
122,518
98,473
37,908
136,381
62,635

9

The Diss Corn Hall Trust

Consolidated Balance Sheet

At 31 March 2025

Notes
FIXED ASSETS
Tangible assets
12
CURRENT ASSETS
Stock
Debtors
14
Cash at bank and in hand
CREDITORS
Amounts falling due within one
year
15
NET CURRENT ASSETS
TOTAL ASSETS LESS
CURRENT LIABILITIES
NET ASSETS
FUNDS
16
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Unrestricted
funds
Restricted
funds
£
£
8,948
26,636		 31.03.2025
Total
funds
31.03.2024
Total
funds
£
£

35,584
56,348
8,948
26,636
3,104
-
15,473
-
157,411
11,172
35,584
56,348
3,104
2,614
15,473
8,761

168,583
128,698
175,988
11,172
67,124
-
187,160
140,073

67,124
106,569
108,864
11,172
120,036
33,504
117,812
37,808
155,620
89,852
117,812
37,808		 155,620
89,852
117,812
41,180
37,808
48,672
155,620
89,852

The notes form part of these financial statements

continued...

10

The Diss Corn Hall Trust

Balance Sheet - continued At 31 March 2025

The charitable company and its group are entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2025.

The members have not required the charitable company to obtain an audit of its financial statements for the period ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

These financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to charitable small companies.

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

Kevan Baker -Trustee

11

The Diss Corn Hall Trust

Parent Balance Sheet At 31 March 2025

Notes
FIXED ASSETS
Tangible assets
12
Social investments
13
CURRENT ASSETS
Debtors
14
Cash at bank and in hand
CREDITORS
Amounts falling due within one
year
15
NET CURRENT ASSETS
TOTAL ASSETS LESS
CURRENT LIABILITIES
NET ASSETS
FUNDS
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Unrestricted
funds
Restricted
funds
£
£
6,207
26,636
-
100		 31.03.2025
Total funds
31.03.2024
Total funds
£
£

32,843
51,810

100
100
6,207
26,736
53,818
-
102,664
11,172
32,943
51,910
53,818
8,761

113,836
105,397
156,482
11,172
64,216
-
167,654
114,158

64,216
103,433
92,266
11,172
103,438
10,725
98,473
37,908
136,381
62,635
98,473
37,908		 136,381
62,635
98,473
13,863
37,908
48,772
136,381
62,635

12

The Diss Corn Hall Trust

Balance Sheet - continued At 31 March 2025

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

These financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to charitable small companies.

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

Kevan Baker -Trustee

13

The Diss Corn Hall Trust

Consolidated Cash Flow Statement At 31 March 2025

NET EXPENDITURE FOR THE YEAR
Page 8
Depreciation
Interest receivable
Movements in working capital:
Decrease/(increase) in stock
(Increase)/decrease in debtors
Increase in creditors
CASH FLOWS FROM OPERATING ACTIVITIES
Investing activities
Investment income received
Purchase of tangible fixed assets
NET CASH GENERATED FROM INVESTING ACTIVITIES
Net increase/(decrease) in cash and cash equivalents
Cash and cash equivalents at beginning of year
CASH AND CASH EQUIVALENTS AT THE END OF THE
YEAR		 31.03.2025
£
65,768
21,295
(1,136)
(490)
(6,712)
(39,445)
39,280
1,136
(531)
605
39,885
128,698
168,583		 31.03.2024
£
(44,844)
26,513
(529)
5
(1,717)
29,025
8,453
529
529
8,982
119,716
128,698

14

The Diss Corn Hall Trust

Notes to the Financial Statements for the Year Ended 31 March 2025

1. COMPANY STATUS

The company is a private company limited by guarantee. The members of the company include the Trustees named on page 5. In the event of the company being wound up, the liability in respect of the guarantee is limited to £1 per member of the company.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements

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) (as amended for accounting periods commencing from 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.

The Diss Corn Hall Trust meets the definition of a public benefit entity under FRS 102.

Income

All income is recognised in the Statement of Financial Activities once the charity is entitled to the funds, it is probable that the income will be received and the amount can be measured reliably. The following specific policies are applied to particular categories of income.

Voluntary income is received by the way of donations and gifts and is included in full in the SOFA when receivable.

Government grants are recognised when there is evidence of entitlement and its amount can be reliably measured. Other grants and donations are recognised when receivable. Investment income is recorded when receivable.

Gift aid reclaimable on donations to the charity is included with the amount received.

Expenditure

Expenditure is recognised in the accounts on an accruals basis and includes any irrecoverable VAT.

Charity expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

All costs are allocated between the expenditure categories of the SOFA on a basis designed to reflect the use of the resource. Costs relating to a particular activity are allocated directly, others are apportioned on an appropriate basis.

Grants offered subject to conditions which have not been met at the year-end date are noted as a commitment but not accrued as expenditure.

Tangible fixed assets

Tangible fixed assets are stated at historic cost less accumulated depreciation. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

  1. Property Improvements - Straight line to 2045 (end of lease) 2. Fixture and Fittings - Between 3 and 10 years 3. Equipment - Between 3 and 15 years

Investments

Investments in subsidiaries are valued at cost less provision for impairment.

15

The Diss Corn Hall Trust

Notes to the Financial Statements - continued for the Year Ended 31 March 2025

2. ACCOUNTING POLICIES – continued

Taxation

The Diss Corn Hall is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for the UK Corporation tax purposes. Accordingly, the company is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes. It is unable to reclaim value added tax, which is included under the various relevant expenditure headings.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees in furtherance of the general objects of the charity.

Restricted funds can only be used for particular restricted purposes imposed on the charity by the donor or through the terms of an appeal.

Surpluses on restricted funds are made available to other funds in the furtherance of the objectives of the charity as a whole.

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks top their present location and condition.

Debtors

Trade and Other Debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discount due.

Cash at Bank and in hand

Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Liabilities and Provisions

Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event. It is probate that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the company anticipates it will pay to settle the debt or the amount that the company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide. Provisions are measured at the best estimate of the amounts required to settle the obligation.

Financial Instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

16

The Diss Corn Hall Trust

Notes to the Financial Statements - continued for the Year Ended 31 March 2025

2. ACCOUNTING POLICIES – continued

Critical accounting estimates and areas of judgement

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The items in the financial statements where these judgements and estimates have been made include:

The annual deprecation charge for tangible assets is sensitive to changes in the estimated useful economic lives and residual values of the assets. The useful economic lives and residuals values of the assets. The useful economic lives and residual values are reassessed annually. See note 12 for the carrying amount of assets, and above note for the useful economic lives for each class of assets.

3. DONATIONS AND FUNDRAISING

Donations
Donations from subsidiary		 31.03.2025
Group
Parent
£
£
20,939
20,939
-
19,818
20,939
40,757		 31.03.2024
Group
Parent
£
£
16,146
16,146
-
2,172
16,146
18,318		 31.03.2024
Group
Parent
£
£
16,146
16,146
-
2,172
16,146
18,318
18,318

4. TRADING OPERATIONS

Income
Expenditure
Profit		 31.03.2025
Group
Parent
£
£
168,108
-
(156,268)
-
11,840
-		 31.03.2024
Group
Parent
£
£
191,170
-
(173,959)
-
17,211
-		 31.03.2024
Group
Parent
£
£
191,170
-
(173,959)
-
17,211
-
-

The trust operates its trading activities through the subsidiary company The New Diss Corn Hall Limited, company number 0711778. The company performance is detailed per note 13.

17

The Diss Corn Hall Trust

Notes to the Financial Statements - continued for the Year Ended 31 March 2025

5. INCOME FROM CHARITABLE ACTIVITIES

Corn Hall Operations
Grants receivable
Grants received, included in the above, are as follows:
Government Grants
Norfolk County Council
Other grants
Restricted
Norfolk Community Foundation
Foyle Foundation
Garfield Weston
Boswell
Beckford & Lewis Financial Plan
East Anglia Art Fund		 31.03.2025
£
479,157
34,310
513,467
31.03.2025
£
4,500
4,500
8,000
-
20,000
1,810
-
-
34,310		 31.03.2024
£
449,572
31,390
480,962
31.03.2024
£
4,500
4,500
-
18,700
-
6,940
250
1,000
31,390

Grants received, included in the above, are as follows:

18

The Diss Corn Hall Trust

Notes to the Financial Statements - continued for the Year Ended 31 March 2025

6. CHARITABLE EXPENDITURE

Management and administration

Corn Hall Operations
Direct event costs
Direct project costs
Staff costs
Office and other expenses
Marketing
Repairs and renewals
Bank charges
Property expenses
Depreciation		 31.03.2025
£
268,381
6,055
105,203
18,098
11,577
12,357
9,738
28,114
18,967
478,490		 31.03.2024
£
285,672
9,909
130,747
26,313
19,536
12,331
9,135
39,409
23,905
556,957

7. BASIS FOR CONSOLIDATION

The group financial statements comprise the financial statements of The Diss Corn Hall Trust and its wholly owned trading subsidiary The New Diss Corn Hall Limited.

8. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

Depreciation - owned assets 31.03.2025
Group
Parent
£
£
21,296
18,967		 31.03.2024
Group
Parent
£
£
26,513
23,905

9. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2025, nor for the year ended 31 March 2024.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024.

19

The Diss Corn Hall Trust

Notes to the Financial Statements - continued for the Year Ended 31 March 2025

10. STAFF COSTS

Analysis of employee costs

The Diss Corn Hall had twenty four employees during the period (2024 Twenty seven). Other personnel including the trustees are unpaid volunteers and receive no benefits from the Trust or any related parties.

During the year, no trustees received any reimbursement of expenses (2024- Nil). During the year, no trustees received any benefits in kind (2024 - Nil)

There were no employee who received remuneration amounting to more than £60,000 in either year.

Personnel and supporting staff comprised the Trustees, the Chief Executive, Artistic Programme Manager, and Duty Managers, Café Manager and staff. Emoluments paid to members of the key management personnel totalled £39,332 (2024: £68,368), including national insurance £3,313 (2024: £5,406) and pensions £641 (2024: £1,808).

Wages
Social security
Pension - defined contribution		 31.03.2025
Group
Parent
£
£
194,399
109,033
3,087
1,946
3,850
1,997
201,336
112,976		 31.03.2024
Group
Parent
£
£
209,241
126,472
3,528
1,513
4,640
2,762
217,409
130,747		 31.03.2024
Group
Parent
£
£
209,241
126,472
3,528
1,513
4,640
2,762
217,409
130,747
130,747

20

The Diss Corn Hall Trust

Notes to the Financial Statements - continued for the Year Ended 31 March 2025

11. COMPARATIVES FOR THE CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES

INCOME AND
ENDOWMENTS FROM
Donations and fundraising
Investment income – bank
interest
Trading operations
Charitable activities
Corn Hall operations
Grants receivable
Total
EXPENDITURE ON
Trading expenditure
Charitable activities
Corn Hall operations
Fund raising costs
Governance costs
Total
NET
INCOME/(EXPENDITURE)
Transfers between funds
Net movement in funds
RECONCILIATION OF
FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED
FORWARD		 Unrestricted funds
Restricted funds
31.03.2024
Total funds
£
£
£
14,060
2,086
16,146
529
529
191,170
-
191,170
-
449,572
-
449,572
4,500
26,890
31,390
659,831
28,976
688,807
173,959
-
173,959
498,747
58,120
556,957
530
-
530
2,205
-
2,205
-
675,441
58,120
733,651
(15,610)
(29,234)
(44,844)
(3,753)
3,753
(19,363)
(25,481)
(44,844)
60,543
74,153
134,696
41,180
48,672
89,852

21

The Diss Corn Hall Trust

Notes to the Financial Statements - continued for the Year Ended 31 March 2025

12. TANGIBLE FIXED ASSETS

Cost
At 1 April 2024
Additions
Disposals
At 31 March 2025
Depreciation
At 1 April 2024
Charge for the year
Disposals
At 31 March 2025
Net Book Value
At 31 March 2025
At 31 March 2024
13.
FIXED ASSET INVESTMENTS
MARKET VALUE
At 1 April 2024 and 31 March 2025
NET BOOK VALUE
At 31 March 2025
At 31 March 2024		 Plant and machinery
Group
Parent
£
£
287,604
277,364
531
-
-
-
288,135
277,364
231,255
225,554
21,296
18,967
-
-
252,551
244,521
35,584
32,843
56,348
51,810
Shares in
group
undertakings
£
100
100
100		 Plant and machinery
Group
Parent
£
£
287,604
277,364
531
-
-
-
288,135
277,364
231,255
225,554
21,296
18,967
-
-
252,551
244,521
35,584
32,843
56,348
51,810
Shares in
group
undertakings
£
100
100
100
100
100

There were no investment assets outside the UK.

22

The Diss Corn Hall Trust

Notes to the Financial Statements - continued for the Year Ended 31 March 2025

13. FIXED ASSET INVESTMENTS - continued

The company's investments at the balance sheet date in the share capital of companies include the following:

The New Diss Corn Hall Ltd

The New Diss Corn Hall Ltd The New Diss Corn Hall Ltd
Registered office: The Corn Hall, St Nicholas St, Diss, IP22 4LB
Nature of business: Operation of the Corn Hall.
Company Registration No.07117780
Class of share: % holding
Ordinary 100
31.03.2025 31.03.2024
£ £
Aggregate capital and reserves 19,438 27,417
Profit/(loss) for the period 11,839 17,210
Amount donated to parent charity (prior year profits) (19,818) (2,172)
Net result (7,979) 15,038

The subsidiary will donate its 2024/25 taxable profits to The Diss Corn Hall Trust within 9 months of the year-end.

23

The Diss Corn Hall Trust

Notes to the Financial Statements - continued for the Year Ended 31 March 2025

14. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Trade Debtors
Amount owed by subsidiary company
Prepayments and accrued income
VAT		 31.03.2025
Group
Parent
£
£
9,450
9,450
-
39,210
5,158
5,158
865
-
15,473
53,818		 31.03.2024
Group
Parent
£
£
4,428
4,428
-
-
4,333
4,333
-
-
8,761
8,761		 31.03.2024
Group
Parent
£
£
4,428
4,428
-
-
4,333
4,333
-
-
8,761
8,761
8,761

15. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Trade creditors and accruals
Amount owing to subsidiary company
Social Security and other taxes
Deferred income		 31.03.2025
Group
Parent
£
£
15,193
12,285
-
-
8,798
8,798
43,133
43,133
67,124
64,216		 31.03.2024
Group
Parent
£
£
34,817
29,615
-
9,755
10,044
2,356
61,708
61,708
106,569
103,434		 31.03.2024
Group
Parent
£
£
34,817
29,615
-
9,755
10,044
2,356
61,708
61,708
106,569
103,434
103,434

Deferred income comprises ticket sales for events after the balance sheet date and grants relating to 25/26 costs.

24

The Diss Corn Hall Trust

Notes to the Financial Statements - continued for the Year Ended 31 March 2025

16. MOVEMENT IN FUNDS - consolidated

Unrestricted funds
General
Restricted funds
Heritage Triangle Project
Education and Outreach Programme
Paul Howling
TOTAL FUNDS		 At
01.04.2024
£
41,180
44,106
3,029
1,537
48,672
89,852		 Net
movement
in funds
£
76,766
(17,470)
6,806
(334)
(10,998)
65,768		 Transfers
between
funds
£
(134)
-
134
134
-		 At
31.03.2025
£
117,812
26,636
9,969
1,203
37,808
155,620

The Education & Outreach Programme aims to deliver free or low-cost activities to improve the wellbeing of key groups of people.

The Heritage Triangle Project fund holds the remaining funds from the refurbishment of the Corn Hall, mostly represented by the tangible fixed assets owned by the charity.

Net movement in funds, included in the above are as follows:

Unrestricted funds
General
Restricted funds
Heritage Triangle Project
Education and Outreach Programme
Paul Howling
TOTAL FUNDS		 Incoming
resources
£
687,442
-
14,398
-
14,398
701,840		 Resources
expended
£
(610,676)
(17,470)
(7,592)
(334)
(24,812)
(636,072)		 Movement
in funds
£
76,766
(17,470)
6,806
(334)
(10,998)
65,768

25

The Diss Corn Hall Trust

Notes to the Financial Statements - continued for the Year Ended 31 March 2025

16. MOVEMENT IN FUNDS - continued

Comparative for movement in funds
At
01.04.2023
£
Unrestricted funds
General
60,543
Restricted funds
Heritage Triangle Project
63,290
Education and Outreach Programme
9,103
Paul Howling
1,760
74,153
TOTAL FUNDS
134,696
Comparative net movement in funds, included in the above are as
Unrestricted funds
General
Restricted funds
Heritage Triangle Project
Education and Outreach Programme
Paul Howling
TOTAL FUNDS		 Net
movement
in funds
£
(15,610)
(19,184)
(9,827)
(223)
(29,234)
(44,844)
follows:
Incoming
resources
£
659,831
-
28,976
-
28,976
688,807		 Transfers
between
funds
£
(3,753)
-
3,753
-
3,753
-
Resources
expended
£
(675,441)
(19,184)
(38,803)
(223)
(58,210)
(733,651)		 At
31.03.2024
£
41,180
44,106
3,029
1,537
48,672
89,852
Movement
in funds
£
(15,610)
(19,184)
(9,827)
(223)
(29,234)
(44,844)

26

The Diss Corn Hall Trust

Notes to the Financial Statements - continued for the Year Ended 31 March 2025

17. RELATED PARTY TRANSACTIONS

There were no related party transactions during the year.

The trust is controlled by the directors and trustees as elected by the members of the company. Membership is open to any individual. Members are entitled to vote and membership is free but requires the acceptance of the £10 guarantee payable in the event of a winding-up.

Members of the public may also join as Friends of the Diss Corn Hall who pay an annual subscription and receive some discounts on tickets. Friends are not company members, are not entitled to vote and are not required to provide a £10 guarantee.

The company occupies the Diss Corn Hall which is a public building belonging to Diss Town Council

.

18. GOVERNANCE COSTS

----- Start of picture text -----
31.03.2025 31.03.2024
£ £
Independent examination 3,124 2,205
----- End of picture text -----

27

The Diss Corn Hall Trust

Consolidated Detailed Statement of Financial Activities for the Year Ended 31 March 2025

Donations and legacies
Donations
Charitable
activities
Corn Hall
Operations
Grants
Investment
income
Bank interest
Total incoming resources
Management and administration
Direct event costs
Direct project costs
Wages
Office and other expenses
Marketing
Repairs and
renewals
Bank charges
Property expenses
Depreciation
Fund raising costs
Governance costs
Accountancy
Total resources expended
Net income / (expenditure)
The New Diss Corn Hall Limited
Trading income
Trading expenses
Net income / (expenditure)		 31.03.2025
£
20,939
479,157
34,310
534,406
1,136
535,542
269,465
4,971
105,203
18,098
11,577
12,357
9,738
28,114
18,967
478,490
-
3,124
481,614
53,928
168,108
(156,268)
11,840
65,768		 31.03.2024
£
16,146
449,572
31,390
480,962
529
497,637
285,672
9,909
130,747
26,313
19,536
12,331
9,135
39,409
23,905
556,957
530
2,205
559,692
(62,055)
191,170
(173,959)
17,211
(44,844)

28