## **Bishops Nympton Parish Hall Trust** **Charity No. 1138614** **Company No. 07353770** **Trustees' Report and Unaudited Accounts** **30 June 2025** **Bishops Nympton Parish Hall Trust Contents** ||Pages|| |---|---|---| |Trustees' Annual Report|2 to 4|| |Independent Examiner's Report||5| |Statement of Financial Activities||6| |Summary Income and Expenditure Account||7| |Balance Sheet||8| |Notes to the Accounts|9 to|14| |Detailed Statement of Financial Activities|15 to|16| Page 1 **Bishops Nympton Parish Hall Trust Trustees Annual Report** The trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the unaudited financial statements of the charity for the year ended 30 June 2025. ## **REFERENCE AND ADMINISTRATIVE DETAILS** ## **Company No. 07353770** ## **Charity No. 1138614** ## **Principal Office** Parish Hall Spire Lake Close Bishops Nympton South Molton EX36 4NT ## **Registered Office** Parish Hall Spirelake Close Bishops Nympton South Molton EX36 4NT ## **Directors and Trustees** The Directors of the charitable company are its Trustees for the purposes of charity law. The following Directors and Trustees served during the year: S. Beasley C.W.P. Bradfield I.P. Cowling E.W. Ley N.J. Shapcott S. Tout L. Verney ## **Accountants** Accountancy Edge Limited 12 Culm Close Bideford Devon EX39 4AX Page 2 **Bishops Nympton Parish Hall Trust Trustees Annual Report** ## **OBJECTIVES AND ACTIVITIES** The provision and maintenance of a village hall for the use of the inhabitants of the parish of Bishops Nympton and the neighbourhood thereof without distinction of political religious or other opinions, including use for meetings, lectures and classes and for other forms of recreation and leisure-time occupation with the object of improving conditions of life for the said inhabitants. The parish hall is used for meetings, lectures, classes and for other forms of recreation and leisure time occupation with the object of improving the conditions of life for the residents of the parish. The trustees have given due consideration to the Charity Commission's guidance on the public benefit requirement. ## **ACHIEVEMENTS AND PERFORMANCE** The charity achieved its objective of operating the parish hall for the ongoing benefit of the parish. ## **FINANCIAL REVIEW** At the reporting date, the charity had an operating surplus of £5,311 (2024 - an operating deficit of £24,679). The surplus is attributable to greater use of the hall generating additional hire revenue, the receipt of a donation from the social club, and catch-up payments relating to the feed-in-tariff. It is the policy of the charity that sufficient unrestricted funds should be held to finance three to six months expenditure. The trustees consider that reserves maintained at this level will ensure that, in the event of a drop in funding, they will be able to continue the charity's current activities while consideration is given to ways in which funds might be raised. The level of unrestricted cash reserves held is currently above this level. The trustees believe this is satisfactory given the long term maintenance commitments for the hall. It is anticipated that the capital expenditure this on acoustic tiles and a hearing loop will increase usage of the hall by making it more friendly to the hearing-impaired. ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** The charity is a company limited by guarantee, incorporated on 23 August 2010 and registered a charity on 27 October 2010. It is governed by a memorandum and articles of association dated 23 August 2010. It commenced operation on 27 October 2010. The charity is actively seeking new trustees and is advertising the current vacancies on its website. New trustees are supported in their induction by current trustees and provided with access to minutes of previous meetings. They are also provided with publications like the Charity Commission's CC3, "The Essential Trustee". Page 3 **Bishops Nympton Parish Hall Trust Trustees Annual Report** The Trustees are responsible for keeping proper accounting records that 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 Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities. The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006 and in accordance with the Charities SORP (FRS 102). Signed on behalf of the board I.P. Cowling Trustee 30 September 2025 Page 4 **Bishops Nympton Parish Hall Trust Independent Examiners Report** ## **Independent Examiner's Report to the trustees of Bishops Nympton Parish Hall Trust** I report to the charity trustees on my examination of the financial statements of Bishops Nympton Parish Hall Trust for the year ended 30 June 2025. ## **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 financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act. Having satisfied myself that the financial statements of the Charity 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 charity's financial statements 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 can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe: - accounting records were not kept in accordance with section 386 of the 2006 Act ; or - the financial statements do not accord with those records; or - the financial statements do not comply with the accounting requirements under section 396 of the 2006 Act other than any requirement that the financial statements give a 'true and fair' view which is not a matter considered as part of an independent examination; or - 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). 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 financial statements to be reached. James Hellyer MA (Cantab.) BFP FCA Accountancy Edge Limited 12 Culm Close Bideford Devon EX39 4AX 30 September 2025 Page 5 **Bishops Nympton Parish Hall Trust Statement of Financial Activities** ## **for the year ended 30 June 2025** |**Notes**
**Income and endowments**
**from:**
Donations and legacies
4
Charitable activities
5
Investments
6
Other
7
**Total**
**Expenditure on:**
Charitable activities
8
Other
9
**Total**
Net gains on investments
**Net income/(expenditure)**
10
Transfers between funds
**Net income/(expenditure)**
**before other gains/(losses)**
**Other gains and losses**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**|**Unrestricted**
**funds**
**2025**
**£**
13,750
20,923
340
8,378|**Restricted**
**funds**
**2025**
**£**
-
-
-
-|**Total funds**
**2025**
**£**
13,750
20,923
340
8,378|**Total funds**
**2024**
**£**
5,000
14,956
747
2,200| |---|---|---|---|---| ||43,391
967
36,784|-
-
329|43,391
967
37,113|22,903
3,506
44,076| ||37,751
-|329
-|38,080
-|47,582
-| ||5,640
-|(329)
-|5,311
-|(24,679)
-| ||5,640|(329)|5,311|(24,679)| ||5,640
895,291|(329)
2,177|5,311
897,468|(24,679)
922,147| ||900,931|1,848|902,779|897,468| Page 6 **Bishops Nympton Parish Hall Trust Summary Income and Expenditure Account** ## **for the year ended 30 June 2025** |Income
Interest and investment income
**Gross income for the year**
Expenditure
Depreciation and charges for
impairment of fixed assets
**Total expenditure for the year**
Net income/(expenditure) before tax
for the year
**Net income /(expenditure )for the year**|**2025**
**£**
43,051
340
43,391
28,989
9,091
38,080
5,311
5,311|**2024**
**£**
22,156
747| |---|---|---| |||22,903| |||39,050
8,532| |||47,582| |||(24,679)| |||(24,679)| Page 7 **Bishops Nympton Parish Hall Trust Balance Sheet** ## **at 30 June 2025** |**Company No.**
**07353770**
**Notes**
**2025**
**£**
**Fixed assets**
Tangible assets
12
869,722
869,722
**Current assets**
Debtors
13
1,085
Cash at bank and in hand
34,263
35,348
**Creditors:**Amount falling due within one year
14
(2,291)
**Net current assets**
33,057
**Total assets less current liabilities**
902,779
**Net assets excluding pension asset or liability**
902,779
**Total net assets**
902,779
**The funds of the charity**
**Restricted funds**
15
Restricted income funds
1,848
1,848
**Unrestricted funds**
15
General funds
900,931
900,931
**Reserves**
15
**Total funds**
902,779|**2024**
**£**
861,755| |---|---| ||861,755
-
38,145| ||38,145
(2,432)| ||35,713
897,468| ||897,468| ||897,468| ||2,177| ||2,177
895,291| ||895,291| ||897,468| These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. For the year ended 30 June 2025 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. Approved by the board on 30 September 2025 And signed on its behalf by: I.P. Cowling Trustee 30 September 2025 Page 8 **Bishops Nympton Parish Hall Trust Notes to the Accounts** ## **for the year ended 30 June 2025** - 1 **Accounting policies** ## **Basis of preparation** The financial statements have been prepared in accordance with 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 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. ## **Change in basis of accounting or to previous accounts** There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years. ## **Fund accounting** - Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity. - Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values. - Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal. ## **Income** - Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability. - Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SoFA. Donations and Voluntary income received by way of grants, donations and gifts is included in the legacies the SoFA when receivable and only when the Charity has unconditional entitlement to the income. - Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material. Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets Page 9 **Bishops Nympton Parish Hall Trust Notes to the Accounts** ## **Expenditure** - Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates. - Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and - charitable activities services in the furtherance of its objects, including the making of grants and governance costs. - Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid. - Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs. - Other expenditure These are support costs not allocated to a particular activity. ## **Taxation** The charity is exempt from corporation tax on its charitable activities. ## **Tangible fixed assets and depreciation** Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life: Freehold property 0% straight-line Plant and machinery 15% reducing balance The freehold property is depreciated at 0% because its long economic life and high residual value mean that any such charge would be clearly trifiling. In addition the programme of repairs and maintenance keeps the asset to its previously assessed standard of performance. No indication of impairment were present at the reporting date or the date of the approval of these accounts. ## **Trade and other debtors** Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. ## **Cash and cash equivalents** Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management. Page 10 **Bishops Nympton Parish Hall Trust Notes to the Accounts** ## **Trade and other creditors** Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due. ## **Receipt of donated goods, facilities and services** All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity. ## 2 **Company status** The company is a private company limited by guarantee and consequently does not have share capital. ## 3 **Statement of Financial Activities - prior year** |3
**Statement of Financial Activities - prior year**|||| |---|---|---|---| |**Income and endowments from:**
Donations and legacies
Charitable activities
Investments
Other
**Total**
**Expenditure on:**
Charitable activities
Other
**Total**
**Net income**
**Net income before other**
**gains/(losses)**
**Other gains and losses:**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**|**Unrestricted**
**funds**
**2024**
**£**
5,000
14,956
747
2,200
22,903
3,506
43,692
47,198
(24,295)
(24,295)
(24,295)
919,586
895,291|**Restricted**
**funds**
**2024**
**£**
-
-
-
-
-
-
384
384
(384)
(384)
(384)
2,561
2,177|**Total funds**
**2024**
**£**
5,000
14,956
747
2,200| ||||22,903
3,506
44,076| ||||47,582| ||||(24,679)| ||||(24,679)| ||||(24,679)
922,147| ||||897,468| Page 11 **Bishops Nympton Parish Hall Trust Notes to the Accounts** ## 4 **Income from donations and legacies** |Donations
Grants receivable
5
**Income from charitable activities**
Hall hire
6
**Income from investments**
Bank interest receivable
7
**Other income**
Feed-in-tarriff
8
**Expenditure on charitable activities**
_Expenditure on charitable_
_activities_
Hall hire
Caretaker
_Governance costs_|**Unrestricted**
**£**
7,500
6,250
13,750
**Unrestricted**
**£**
20,923
20,923
**Unrestricted**
**£**
340
340
**Unrestricted**
**£**
8,378
8,378|**Total**
**2025**
**£**
7,500
6,250
13,750
**Total**
**2025**
**£**
20,923
20,923
**Total**
**2025**
**£**
340
340
**Total**
**2025**
**£**
8,378
8,378|**Total**
**2024**
**£**
-
5,000| |---|---|---|---| ||||5,000| ||||**Total**
**2024**
**£**
14,956| ||||14,956| ||||**Total**
**2024**
**£**
747| ||||747| ||||**Total**
**2024**
**£**
2,200| ||||2,200| ||||| ||**Unrestricted**
**£**
781
186
967|**Total**
**2025**
**£**
781
186
967|**Total**
**2024**
**£**
911
2,595| ||||3,506| Page 12 **Bishops Nympton Parish Hall Trust Notes to the Accounts** 9 **Other expenditure** |**Unrestricted**
**£**
Premises costs
13,902
Amortisation, depreciation,
impairment, profit/loss on
disposal of fixed assets
8,762
General administrative costs
10,666
Legal and professional costs
3,454
36,784
10 **Net income/(expenditure) before**
**transfers**
This is stated after charging:
Depreciation of owned fixed assets
Independent Examiner's fee
11 **Staff costs**
No employee received emoluments in excess of £60,000.
12 **Tangible fixed assets**
**Cost or revaluation**
At 1 July 2024
Additions
At 30 June 2025
**Depreciation and**
**impairment**
At 1 July 2024
Depreciation charge for the
year
At 30 June 2025
**Net book values**
At 30 June 2025
At 30 June 2024
13 **Debtors**
Trade debtors|**Restricted**
**£**
-
329
-
-
329
**2025**
**£**
9,091
1,294
**Land and**
**buildings**
**£**
813,497
-
813,497
-
-
-
813,497
813,497
**2025**
**£**
1,085
1,085|**Total**
**2025**
**£**
13,902
9,091
10,666
3,454
37,113
**Plant and**
**machinery**
**£**
83,651
17,058
100,709
35,393
9,091
44,484
56,225
48,258|**Total**
**2024**
**£**
13,224
8,532
16,654
5,666| |---|---|---|---| ||||44,076| ||||**2024**
**£**
8,532
1,260
**Total**
**£**
897,148
17,058| ||||914,206| ||||35,393
9,091| ||||44,484| ||||869,722| ||||861,755| ||||**2024**
**£**
-| ||||-| Page 13 **Bishops Nympton Parish Hall Trust Notes to the Accounts** |14 **Creditors:**
amounts falling due within one year
Other creditors
Accruals
15 **Movement in funds**
**Restricted funds:**
**Restricted income funds:**
Stage Fund
Awards for All
_Total_
**Unrestricted funds:**
**General funds**
**Total funds**|**At 1 July**
**2024**
1,090
1,087
2,177
895,291
897,468|**2025**
**£**
1,000
1,291
2,291
**Incoming**
**resources**
**(including**
**other**
**gains/losses)**
**£**
-
-
-
43,391
43,391|**Resources**
**expended**
**£**
(165)
(164)
(329)
(37,751)
(38,080)|**2024**
**£**
1,172
1,260| |---|---|---|---|---| |||||2,432| |||||**At 30 June**
**2025**
**£**
925
923| |||||1,848| |||||900,931| |||||902,779| Purposes and restrictions in relation to the funds: Restricted funds: Stage Fund This fund financed the construction of a new stage in the hall. Its value comprises the written down cost of the stage Awards for All This fund financed the purchase of various fixed assets. Its value represents the written down costs of those assets. ## 16 **Analysis of net assets between funds** |Fixed assets
Net current assets|**Unrestricted**
**funds**
**£**
867,874
33,057
900,931|**Restricted**
**funds**
**£**
1,848
-
1,848|**Total**
**£**
869,722
33,057| |---|---|---|---| ||||902,779| ## 17 **Related party disclosures** ## _**Controlling party**_ The company is limited by guarantee and has no share capital; thus no single party controls the company. Page 14 **Bishops Nympton Parish Hall Trust Detailed Statement of Financial Activities** ## **for the year ended 30 June 2025** |**Income and endowments from:**
Donations and legacies
Donations
Grants receivable
Charitable activities
Hall hire
Investments
Bank interest receivable
Other
Feed-in-tarriff
**Total income and endowments**
**Expenditure on:**
Charitable activities
Hall hire
Caretaker
**Total of expenditure on charitable**
**activities**
Premises costs
Rates
Light, heat and power
Premises cleaning
General administrative costs,
including depreciation and
amortisation
Depreciation of Plant and
machinery
Depreciation of
Bad debts
Equipment expensed
Equipment repairs and
maintenance
General insurances
Subscriptions|**Unrestricte**
**d funds**
**2025**
**£**
7,500
6,250
13,750
20,923
20,923
340
340
8,378
8,378
43,391
781
186
967
967
819
5,154
7,929
13,902
-
8,762
-
-
7,755
1,763
550|**2025**
**£**
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
329
-
-
-
-
-|**Total funds**
**2025**
**£**
7,500
6,250
13,750
20,923
20,923
340
340
8,378
8,378
43,391
781
186
967
967
819
5,154
7,929
13,902
-
9,091
-
-
7,755
1,763
550|**Total funds**
**2024**
**£**
-
5,000| |---|---|---|---|---| |||||5,000| |||||14,956| |||||14,956| |||||747| |||||747| |||||2,200| |||||2,200| |||||22,903
911
2,595| |||||3,506| |||||3,506
2,318
6,874
4,032| |||||13,224| |||||-
8,532
5,000
257
7,932
1,706
728| Page 15 ## **Bishops Nympton Parish Hall Trust Detailed Statement of Financial Activities** |**Bishops Nympton Parish Hall Trust**
**Detailed Statement of Financial Activities**||||| |---|---|---|---|---| |Sundry expenses
Telephone, fax and broadband
Legal and professional costs
Accountancy and bookkeeping
Management charges
**Total of expenditure of other costs**
**Total expenditure**
Net gains on investments
**Net income/(expenditure)**
**Net income/(expenditure) before**
**other gains/(losses)**
Other Gains
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**|86
512
19,428
1,294
2,160
3,454
36,784
37,751
-
5,640
5,640
-
5,640
895,291
900,931|-
-
329
-
-
-
329
329
-
(329)
(329)
-
(329)
2,177
1,848|86
512
19,757
1,294
2,160
3,454
37,113
38,080
-
5,311
5,311
-
5,311
897,468
902,779|479
552| |||||25,186| |||||1,260
4,406| |||||5,666| |||||| |||||44,076| |||||47,582
-| |||||(24,679)| |||||(24,679)
-| |||||(24,679)| |||||922,147| |||||897,468| Page 16