**REGISTERED COMPANY NUMBER: 07461381 (England and Wales) REGISTERED CHARITY NUMBER: 1140612**
Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 August 2024
## for
Heswall Hall Community Trust
Dufton Kellner Limited Chartered Accountants Barnston House Beacon Lane Heswall Wirral Merseyside CH60 0EE
Heswall Hall Community Trust
Contents of the Financial Statements for the Year Ended 31 August 2024
|||Page||
|---|---|---|---|
|Report of the Trustees|1|to|5|
|Independent Examiner's Report||6||
|Statement of Financial Activities||7||
|Statement of Financial Position|8|to|9|
|Notes to the Financial Statements|10|to|18|
|Detailed Statement of Financial Activities|19|to|20|
Heswall Hall Community Trust
## Report of the Trustees
for the Year Ended 31 August 2024
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 August 2024. 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).
## **OBJECTIVES AND ACTIVITIES Objectives and aims**
The Charitable Company was formed to benefit the Community of Heswall and its surrounds with the primary purpose of taking over and managing Heswall Hall for the benefit of the community.
The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake. The Trust has therefore established a wholly owned Trading Company to undertake additional activities to help fund the Trust in the future.
## **Public benefit**
The charity is meeting the public benefit requirement as the purpose of the charity is to benefit the community of Heswall and the surrounding area.
Page 1
Heswall Hall Community Trust
## Report of the Trustees
for the Year Ended 31 August 2024
## **ACHIEVEMENT AND PERFORMANCE**
## **Charitable activities**
This has been a hugely exciting year for Heswall Hall which has seen us focus on diversifying our offer at the venue both in terms of live events and activities as well as developing an ever-increasing number of regular classes, user groups and community activities. Barclays Bank continue to use the Hall on three days a week and their service has gone from strength to strength. In addition we now have the Halifax Building Society one day a week.
This past 12 months has seen the Hall, amongst other things, used as a set for TV productions, play host to a Wirral theatre group specialising in accessible Shakespeare productions and Teach Rex, an award-winning interactive dinosaur experience for primary school children. (This Wirral based educational experience company performs regularly across the UK including 45 shows in the Natural History Museum in London).
More Wirral dance schools than ever are choosing us as their preferred venue to showcase and celebrate the talents of their members while a fruitful relationship with The Drum Academy has seen repeat bookings from them.
By popular demand we have increased the number of Bingo Loco events and this year we introduced a very successful New Year's Eve party. We regularly sell out on our live music nights and numbers for our monthly big band and jazz nights continue to grow, drawing people from a wide geographical area.
The Trust is particularly pleased with the establishment of a free matinée cinema once a month, which has been especially enjoyed by residents from a number of residential homes from across Wirral. This volunteer led community event is supported by Tesco who supply us with free refreshments. Our preschool playgroup, Hester's Hoglets, has in response to public demand, added an extra weekly session and now meets on Wednesday and Friday mornings.
The Hall is proud to be at the heart of Heswall and there was never a better example of this than the first combined Heswall and District Business Association Christmas Fair and Lights Switch On. The Hall was at the centre of this growing event attracting huge footfall through the doors and raising our profile in the community.
Trustees have recognised how hard it has been for many of our long standing and loyal regular users to recover from the pandemic and navigate the cost-of-living crisis so the Board took the decision to keep prices stable for them over this year. The Trust hopes this has helped them not only keep their costs low but retain and recruit new members.
Alongside the successful and long running Farmers' Market, we now also have a Craft Market which attracts small businesses from across the peninsula.
The Hall continues to acquire new regular users, new hirers and new visitors, including many younger residents. The range and variety of events we offer continues to grow attracting a wider and broader audience from across our region.
The success of the Hall is very dependent on how we market ourselves. The Board took the decision to further strengthen the development of our social media channels and the website, in order to create and reach a more diverse customer base.
Alongside the digital marketing we continue with our traditional print media - What's On Guides, leaflets, posters, print advertising etc.
Our bar and catering partnerships continue and working together we provide a first- class service for weddings, parties, functions and events. We are a dynamic venue with an ever-evolving programme, constantly looking to innovate, attract new audiences and serve a changing population.
## **FINANCIAL REVIEW**
## **Financial position**
There was an operating deficit of £20,065 (2023 £27,217) and gains on investments of £14,911 (2023 nil) leaving unrestricted reserves of £476,782 (2023 £486,740) and restricted reserves of £41,537 (2023 £43,579) at the year end.
Page 2
Heswall Hall Community Trust
## Report of the Trustees
## for the Year Ended 31 August 2024
## **FINANCIAL REVIEW**
## **Reserves policy**
The Trustees of Heswall Hall have arrived at their reserves policy after taking into consideration the following factors.
A level of reserves is required in order to protect the future of the hall against the risk of unforeseen variances in income and for Maintenance, Refurbishment and Development works.
The level of reserves has been arrived at to ensure continuity of the Hall taking into account the monthly expenditure required for running costs and any to fund liabilities, should the hall be faced with unplanned closure.
There is a concern about the possible volatile nature of the income stream due to factors that are outside the control of the hall such as car park closures and competition from other event spaces in the area and feel it would be prudent to keep six months running costs in reserve to cover unforeseen emergencies.
The hall has invested funds that are managed with expert advice, in order to raise income for the charity and meet liabilities if so needed. These funds are readily accessible. The trustees have invested these funds with a view to an acceptable level of risk as to when the funds may be needed.
The reserves policy is reviewed by the trustees and adjusted accordingly on a regular basis but at least once a year.
The reserves exclude the restricted funds that are held by the hall.
In addition to maintaining an adequate level of reserves, the trustees are also looking at alternative income sources and new initiatives.
It is the policy of Heswall Hall Community Trust to keep reserves of £166,000; the breakdown is shown in the designated funds note.
These reserves will be monitored throughout the year and reviewed annually with reference to the budget process.
## **Going concern**
The financial statements have been prepared on a going concern basis.
## **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.
Heswall Hall Community Trust was incorporated on 6 December 2010 and registered with the Charity Commission on 28 February 2011 to enable Trustees to take into community use Heswall Hall (111 Telegraph Road, CH60 0AR) under Wirral Borough Council's Community Asset Transfer Scheme (CAT).
None of the Trustees has any beneficial interest in the Company. All of the Trustees are members of the company and guarantee to contribute £1 in the event of a winding up.
Page 3
Heswall Hall Community Trust
for the Year Ended 31 August 2024
## Report of the Trustees
## **STRUCTURE, GOVERNANCE AND MANAGEMENT Recruitment and appointment of new trustees**
Trustees are appointed by the Trustees for a term of up to three years. The Trustees when complete consist of at least three and not more than twelve individuals.A Trustee may not act as a Trustee unless he / she:
is over the age of 18 years; and
has signed a written declaration confirming: (i) his or her willingness to act as a charity trustee of the Charity and to act only in the best interests of the Charity; (ii) any conflicts of interest or loyalty; and (iii) his or her eligibility to act as a charity trustee of the Charity.
The Trust is governed by its Memorandum and Articles of Association written in December 2010 when Heswall Hall passed from Local Authority control to a community trust and registered with the Charity Commission in February 2011.
The Trustees are all volunteers giving their time and commitment to keep Heswall Hall in the community. The role of the Trustees has changed considerably since the Trust was formed and along with many other community halls and charities, we are always in need of more people to join the Board.
As part of the transfer WBC made a financial settlement to the Trust over a period of five years to repair and improve the building and help support the management of the Hall. The money was invested very wisely and carefully by the Board with advice from our Investment Manager. The fund produced a healthy annual return which heavily subsidised the Hall operations during those first years.
During the pandemic and while the Hall was closed, the Board took the opportunity to undertake essential repairs to the structure of the building, especially in the stage area. It was also agreed, as a sensible business decision, to invest in upgrading the Hall to face the challenges of the post pandemic world. This inevitably reduced the income from the investments but maintained a healthy reserve fund which is managed with advice from our Investment Manager.
The Hall was built in 1972 and continues to require considerable ongoing maintenance and updating. These demands will increase. It is therefore imperative that the live events, functions and parties to which we play host, and which largely support our community offering, grow and flourish as we move forward.
The Board does not underestimate the challenges the Trust continues to face now and in the future. We want to recruit new trustees who reflect our community and share a vision for the future of Heswall Hall, individuals who will bring new eyes and new ideas. Having identified the skills, we need to take the Trust forward the Board have a plan of action to execute.
Our small staff continue to rise to the challenges that working in a large community hall brings. They are, most often, the everyday face of the Trust and the first point of contact for the public. We are very grateful for their hard work and dedication.
Our volunteers are second to none and without them we would find it difficult to offer the community activities as often as we do.
The Board continues to look forward and to deliver on its objective of managing the Hall to benefit the community of Heswall and its surrounds.
## **REFERENCE AND ADMINISTRATIVE DETAILS**
**Registered Company number** 07461381 (England and Wales)
## **Registered Charity number**
1140612
Page 4
Heswall Hall Community Trust
## Report of the Trustees
for the Year Ended 31 August 2024
## **Registered office**
Heswall Hall 111 Telegraph Road Heswall Wirral CH60 OAF
## **Trustees**
D J Cooley (resigned 1.4.24) S J Ellis Mrs J M Stock (resigned 17.9.24) Mrs K A Griffith Ms S A Cannon Ms K S Zelaskowski (resigned 17.9.24) Ms B L Mather H McSwaine (appointed 23.10.23) (resigned 6.2.25) A F Marks (appointed 16.7.24) A G Burgess (appointed 21.5.24) (resigned 16.8.24) J McCawley (appointed 19.11.24)
## **Company Secretary**
Mrs J M Stock
## **Independent Examiner**
Stuart Kellner FCA Dufton Kellner Limited Chartered Accountants Barnston House Beacon Lane Heswall Wirral Merseyside CH60 0EE
Approved by order of the board of trustees on 27 March 2025 and signed on its behalf by:
Mrs K A Griffith - Trustee
Page 5
## Independent Examiner's Report to the Trustees of Heswall Hall Community Trust
## **Independent examiner's report to the trustees of Heswall Hall Community Trust ('the Company')**
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 August 2024.
## **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 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 charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
## **Independent examiner's statement**
I have 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 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.
Stuart Kellner FCA
Dufton Kellner Limited Chartered Accountants Barnston House Beacon Lane Heswall Wirral Merseyside CH60 0EE
31 March 2025
Page 6
Heswall Hall Community Trust
## Statement of Financial Activities
## for the Year Ended 31 August 2024
|Unrestricted
fund
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
53,031
**Charitable activities**
Room hire
69,864
Refreshments
6,158
Community events income
3,025
Management charges
39,815
Investment income
2
3,386
**Total**
175,279
**EXPENDITURE ON**
Raising funds
3
2,299
**Charitable activities**
General
205,914
**Total**
208,213
Net gains on investments
14,911
**NET INCOME/(EXPENDITURE)**
(18,023)
**Other recognised gains/(losses)**
Gains on revaluation of fixed assets
8,065
**Net movement in funds**
(9,958)
**RECONCILIATION OF FUNDS**
Total funds brought forward
486,740
**TOTAL FUNDS CARRIED FORWARD**
476,782|Restricted
fund
£
-
-
-
-
-
-
-
-
2,042
2,042
-
(2,042)
-
(2,042)
43,579
41,537|31.8.24
Total
funds
£
53,031
69,864
6,158
3,025
39,815
3,386
175,279
2,299
207,956
210,255
14,911
(20,065)
8,065
(12,000)
530,319
518,319|31.8.23
Total
funds
£
41,565
82,776
4,730
1,931
36,005
2,772
169,779
2,021
194,975
196,996
-
(27,217)
13,022
(14,195)
544,514
530,319|
|---|---|---|---|
The notes form part of these financial statements
Page 7
## Heswall Hall Community Trust
## Statement of Financial Position
## 31 August 2024
|Notes
**FIXED ASSETS**
Tangible assets
9
Investments
10
**CURRENT ASSETS**
Debtors
11
Cash at bank and in hand
**CREDITORS**
Amounts falling due within one year
12
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**CREDITORS**
Amounts falling due after more than one year
13
**NET ASSETS**
**FUNDS**
15
Unrestricted funds
Restricted funds
**TOTAL FUNDS**|Unrestricted
fund
£
297,644
205,055
502,699
68,716
80
68,796
(66,466)
2,330
505,029
(28,247)
476,782|Restricted
fund
£
-
-
-
-
41,537
41,537
-
41,537
41,537
-
41,537|31.8.24
Total
funds
£
297,644
205,055
502,699
68,716
41,617
110,333
(66,466)
43,867
546,566
(28,247)
518,319
476,782
41,537
518,319|31.8.23
Total
funds
£
325,776
181,605
507,381
45,889
43,786
89,675
(32,534)
57,141
564,522
(34,203)
530,319
486,740
43,579
530,319|
|---|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
- (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
- (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
continued...
Page 8
Heswall Hall Community Trust
## Statement of Financial Position - continued
## 31 August 2024
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 27 March 2025 and were signed on its behalf by:
K A Griffith - Trustee
The notes form part of these financial statements
Page 9
Heswall Hall Community Trust
Notes to the Financial Statements for the Year Ended 31 August 2024
## **1. 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) (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, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.
## **Preparation of consolidated financial statements**
The financial statements contain information about Heswall Hall Community Trust as an individual company and do not contain consolidated financial information as the parent of a group. The charity is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.
## **Income**
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. Cash donations are recognised upon receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
## **Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
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**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
|Theatre|- 10% on cost|
|---|---|
|Improvements to property|- 4% on cost|
|Computers & equipment|- 33% on cost|
|Fixtures and fittings|- 10% on cost|
## **Related party exemption**
The charitable company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.
## **Taxation**
The charity is exempt from corporation tax on its charitable activities.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
continued...
Page 10
Heswall Hall Community Trust
Notes to the Financial Statements - continued for the Year Ended 31 August 2024
## **1. ACCOUNTING POLICIES - continued**
## **Fund accounting**
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
## **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.
## **2. INVESTMENT INCOME**
|**INVESTMENT INCOME**|||
|---|---|---|
||31.8.24|31.8.23|
||£|£|
|Other fixed asset invest - FII|2,866|2,772|
|Investment interest received|520|-|
||3,386|2,772|
|**RAISING FUNDS**|||
|**Investment management costs**|||
||31.8.24|31.8.23|
||£|£|
|Portfolio management|2,299|2,021|
|**NET INCOME/(EXPENDITURE)**|||
|Net income/(expenditure) is stated after charging/(crediting):|||
||31.8.24|31.8.23|
||£|£|
|Depreciation - owned assets|38,832|38,943|
## **3. RAISING FUNDS**
## **4. NET INCOME/(EXPENDITURE)**
## **5. TRUSTEES' REMUNERATION AND BENEFITS**
Harry McSwaine was appointed as a trustee with effect from 23/10/2023 and has been paid a gross salary of £2,123 with effect from this date up until the year end.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 August 2024 nor for the year ended 31 August 2023.
continued...
Page 11
Heswall Hall Community Trust
Notes to the Financial Statements - continued for the Year Ended 31 August 2024
## **6. STAFF COSTS**
The average monthly number of employees during the year was as follows:
## **7.**
|||31.8.24||31.8.23|
|---|---|---|---|---|
|Hall manager||1||1|
|Hall assistants / other staff||6||5|
|||7||6|
|No employees received emoluments in excess of £60,000.|||||
|**COMPARATIVES FOR THE STATEMENT OF FINANCIAL**|**ACTIVITIES**||||
||Unrestricted|Restricted||Total|
||fund|fund||funds|
||£|£||£|
|**INCOME AND ENDOWMENTS FROM**|||||
|Donations and legacies|41,565||-|41,565|
|**Charitable activities**|||||
|Room hire|82,776||-|82,776|
|Refreshments|4,730||-|4,730|
|Community events income|1,931||-|1,931|
|Management charges|36,005||-|36,005|
|Investment income|2,772||-|2,772|
|**Total**|169,779||-|169,779|
|**EXPENDITURE ON**|||||
|Raising funds|2,021||-|2,021|
|**Charitable activities**|||||
|General|194,975||-|194,975|
|**Total**|196,996||-|196,996|
|**NET INCOME/(EXPENDITURE)**|(27,217)||-|(27,217)|
|**Other recognised gains/(losses)**|||||
|Gains on revaluation of fixed assets|13,022||-|13,022|
|**Net movement in funds**|(14,195)||-|(14,195)|
|**RECONCILIATION OF FUNDS**|||||
|Total funds brought forward|500,935|43,579||544,514|
|**TOTAL FUNDS CARRIED FORWARD**|486,740|43,579||530,319|
continued...
Page 12
Heswall Hall Community Trust
## Notes to the Financial Statements - continued for the Year Ended 31 August 2024
## **8. INDEPENDENT EXAMINER'S REMUNERATION**
The independent examination fee is £1,000 plus VAT.
## **9. TANGIBLE FIXED ASSETS**
|**COST**
At 1 September 2023
Additions
At 31 August 2024
**DEPRECIATION**
At 1 September 2023
Charge for year
At 31 August 2024
**NET BOOK VALUE**
At 31 August 2024
At 31 August 2023
**FIXED ASSET INVESTMENTS**
**MARKET VALUE**
At 1 September 2023
Additions
Disposals
Revaluations
At 31 August 2024
**NET BOOK VALUE**
At 31 August 2024
At 31 August 2023|Improvements
Fixtures
to
Computers
and
Theatre
property
& equipment
fittings
£
£
£
£
299,904
134,792
5,330
24,267
-
-
-
10,700
299,904
134,792
5,330
34,967
89,577
30,850
4,512
13,578
29,832
5,392
818
2,790
119,409
36,242
5,330
16,368
180,495
98,550
-
18,599
210,327
103,942
818
10,689
Shares in
Cash and
group
Listed
settlements
undertakings
investments
pending
£
£
£
1
158,740
22,864
-
39,416
-
-
(15,920)
(8,111)
-
8,065
-
1
190,301
14,753
1
190,301
14,753
1
158,740
22,864|Totals
£
464,293
10,700
474,993
138,517
38,832
177,349
297,644
325,776
Totals
£
181,605
39,416
(24,031)
8,065
205,055
205,055
181,605|
|---|---|---|
## **10. FIXED ASSET INVESTMENTS**
There were no investment assets outside the UK.
continued...
Page 13
Heswall Hall Community Trust
Notes to the Financial Statements - continued for the Year Ended 31 August 2024
## **10. FIXED ASSET INVESTMENTS - continued**
Cost or valuation at 31 August 2024 is represented by:
|Shares in
Cash and
group
Listed
settlements
undertakings
investments
pending
£
£
£
Valuation in 2022
-
55,068
-
Valuation in 2023
-
12,969
-
Valuation in 2024
-
8,000
-
Cost
1
114,264
14,753
1
190,301
14,753|Totals
£
55,068
12,969
8,000
129,018|
|---|---|
||205,055|
The company's investments at the balance sheet date in the share capital of companies include the following:
## **Heswall Hall Trading Limited**
Registered office: UK Nature of business: Events
||**Heswall Hall Trading Limited**
Registered office: UK
Nature of business: Events||||
|---|---|---|---|---|
|||%|||
||Class of share:|holding|||
||Ordinary|100|||
||||31.8.24|31.8.23|
||||£|£|
||Aggregate capital and reserves||1|1|
|**11.**|**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**||||
||||31.8.24|31.8.23|
||||£|£|
||Trade debtors||3,234|4,962|
||Amounts owed by group undertakings||64,051|40,241|
||Prepayments and accrued income||1,431|686|
||||68,716|45,889|
continued...
Page 14
Heswall Hall Community Trust
Notes to the Financial Statements - continued for the Year Ended 31 August 2024
|**12.**|**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**|||
|---|---|---|---|
|||31.8.24|31.8.23|
|||£|£|
||Bank loans and overdrafts (see note 14)|36,067|6,000|
||Trade creditors|2,003|6,623|
||Social security and other taxes|553|-|
||VAT|5,158|5,457|
||Other creditors|591|543|
||Deferred income|15,498|9,922|
||Accrued expenses|6,596|3,989|
|||66,466|32,534|
|**13.**|**CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR**|||
|||31.8.24|31.8.23|
|||£|£|
||Bank loans (see note 14)|28,247|34,203|
|**14.**|**LOANS**|||
||An analysis of the maturity of loans is given below:|||
|||31.8.24|31.8.23|
|||£|£|
||Amounts falling due within one year on demand:|||
||Bank overdrafts|30,067|-|
||Bank loans|6,000|6,000|
|||36,067|6,000|
||Amounts falling between one and two years:|||
||Bank loans - 1-2 years|6,000|6,000|
||Amounts falling due between two and five years:|||
||Bank loans - 2-5 years|18,000|18,000|
||Amounts falling due in more than five years:|||
||Repayable by instalments:|||
||Bank loans more 5 yr by instal|4,247|10,203|
Page 15
continued...
Heswall Hall Community Trust
Notes to the Financial Statements - continued for the Year Ended 31 August 2024
## **15. MOVEMENT IN FUNDS**
|**Unrestricted funds**
General fund
**Restricted funds**
Riverside Players
**TOTAL FUNDS**
Net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
175,279
**Restricted funds**
Riverside Players
-
**TOTAL FUNDS**
175,279
**Comparatives for movement in funds**
**Unrestricted funds**
General fund
**Restricted funds**
Riverside Players
**TOTAL FUNDS**|At 1.9.23
£
486,740
43,579
530,319
Resources
expended
£
(208,213)
(2,042)
(210,255)
At 1.9.22
£
500,935
43,579
544,514|Net
movement
At
in funds
31.8.24
£
£
(9,958)
476,782
(2,042)
41,537
(12,000)
518,319
Gains and
Movement
losses
in funds
£
£
22,976
(9,958)
-
(2,042)
22,976
(12,000)
Net
movement
At
in funds
31.8.23
£
£
(14,195)
486,740
-
43,579
(14,195)
530,319|
|---|---|---|
Page 16
continued...
Heswall Hall Community Trust
## Notes to the Financial Statements - continued for the Year Ended 31 August 2024
## **15. MOVEMENT IN FUNDS - continued**
Comparative net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**TOTAL FUNDS**|Incoming
resources
£
169,779
169,779|Resources
expended
£
(196,996)
(196,996)|Gains and
Movement
losses
in funds
£
£
13,022
(14,195)
13,022
(14,195)|Gains and
Movement
losses
in funds
£
£
13,022
(14,195)
13,022
(14,195)|
|---|---|---|---|---|
|||||(14,195)|
A current year 12 months and prior year 12 months combined position is as follows:
|**Unrestricted funds**
General fund
**Restricted funds**
Riverside Players
**TOTAL FUNDS**|At 1.9.22
£
500,935
43,579
544,514|Net
movement
in funds
£
(24,153)
(2,042)
(26,195)|At
31.8.24
£
476,782
41,537|
|---|---|---|---|
||||518,319|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**Restricted funds**
Riverside Players
**TOTAL FUNDS**|Incoming
resources
£
345,058
-
345,058|Resources
expended
£
(405,209)
(2,042)
(407,251)|Gains and
Movement
losses
in funds
£
£
35,998
(24,153)
-
(2,042)
35,998
(26,195)|Gains and
Movement
losses
in funds
£
£
35,998
(24,153)
-
(2,042)
35,998
(26,195)|
|---|---|---|---|---|
|||||(26,195)|
continued...
Page 17
Heswall Hall Community Trust
Notes to the Financial Statements - continued for the Year Ended 31 August 2024
## **16. RELATED PARTY DISCLOSURES**
Heswall Hall Trading Limited (HHT) is a wholly owned subsidiary of the charity. The charity has recharged HHT for staff and other costs incurred on their behalf. The remaining profit in HHT has then been donated to Heswall Hall Community Trust and appears in these accounts as 'Donations'. At the year end, HHT owed the charity £64,051 (2023 £40,241).
## **17. DESIGNATED FUNDS**
Designated funds of £161,000 have been earmarked at the year end, which are included within unrestricted reserves.This comprises the following:-
Six months operational costs £74,000 Capital expenditure £30,000 Community development fund £23,000 Current liabilities (BBL) £34,000
Page 18
Heswall Hall Community Trust
|Detailed Statement of Financial Activities|||
|---|---|---|
|for the Year Ended 31 August 2024|||
||31.8.24|31.8.23|
||£|£|
|**INCOME AND ENDOWMENTS**|||
|**Donations and legacies**|||
|Donations|53,031|41,565|
|**Investment income**|||
|Other fixed asset invest - FII|2,866|2,772|
|Investment interest received|520|-|
||3,386|2,772|
|**Charitable activities**|||
|Room hire|69,864|82,776|
|Refreshments|6,158|4,730|
|Community events income|3,025|1,931|
|Management charges|39,815|36,005|
||118,862|125,442|
|**Total incoming resources**|175,279|169,779|
|**EXPENDITURE**|||
|**Investment management costs**|||
|Portfolio management|2,299|2,021|
|**Charitable activities**|||
|Wages|73,131|64,684|
|Pensions|1,326|1,035|
|Rates and water|1,808|1,623|
|Insurance|5,214|4,652|
|Light and heat|23,770|22,715|
|Telephone|1,140|1,180|
|Postage and stationery|228|60|
|Advertising|6,110|9,592|
|Sundries|2,225|1,784|
|Cleaning & waste disposal|16,024|19,613|
|Refreshment costs|2,332|2,374|
|Repairs & maintenance|19,498|11,326|
|Community event costs|2,413|3,213|
|Licences|4,742|4,918|
|Depn of theatre|29,831|29,991|
|Improvements to property|5,392|5,930|
|Plant and machinery|817|817|
|Carried forward|196,001|185,507|
This page does not form part of the statutory financial statements
Page 19
Heswall Hall Community Trust
|Detailed Statement of Financial Activities|||
|---|---|---|
|for the Year Ended 31 August 2024|||
||31.8.24|31.8.23|
||£|£|
|**Charitable activities**|||
|Brought forward|196,001|185,507|
|Fixtures and fittings|2,790|2,205|
|Grants to institutions|2,042|-|
||200,833|187,712|
|**Support costs**|||
|**Finance**|||
|Bank charges|1,353|276|
|Bank loan interest|-|1,084|
||1,353|1,360|
|**Governance costs**|||
|Accountancy fees|3,730|3,830|
|Professional fees|2,040|2,073|
||5,770|5,903|
|Total resources expended|210,255|196,996|
|**Net expenditure before gains and losses**|(34,976)|(27,217)|
|**Realised recognised gains and losses**|||
|Realised gains/(losses) on fixed asset investments|14,911|-|
|**Net expenditure**|(20,065)|(27,217)|
This page does not form part of the statutory financial statements
Page 20