COIpAliy REGISTRATION NUMBER: 07479975 CHARrrY REGISTRATIOTrI L]BER. 1141442 THORNIIAM VILLAGE HALL AND PLAYING FIELD COTrIPAI%Y LILIUTED BY GUARANTEE UNAUDITED FINANCIAL STATEMENTS 31 DECEMBER 2024 KATIIRYN GIGC. Charter¢d Accountants, Business Advis¢rs & Tax Consultants 20 King's Lynn Road Hunstanton 40rfolk PE36 5HP
THORNJIAM VtLLAGE MD PLAYtNG FJELD Company Limited by Guarantee Financial stateLllents Year ended 31 December 2024 Page Tnte¢s, amlual report (incory)rdting the director's rwrt) Independent exanjiner's report to the tntts Statement of financial activiti (including income and exp¢nditLtre account) Balance sh¢¢t Notes to th¢ financial statements io
THORNHAM VILLAGE IL4LL AND PLAYLNG FIELD Company Limlted by Guarantee Tru$tees' anllual report {incorporating the director'5 report) Year ended 31 December 2024 The trustecs who arc also the directo for the putposes of cOn]Y law, preSt their rq)ort and the Una[lled fin&ncial statements of the charity foT the ycar ffldcd 31 Decanbff 2024. The financial 8tateJnent8 hav¢ b¢en prq)arcd in aecordance with the acU]1ng wlicies set out in notcs to the accounts and comply with the charity's governing d0Ment, th¢ Charities Act 2011 and Companies Act 2(M)6 and ounting and Rew>rting by Charities.. Stat¢Jn¢nt of ReCommeIe Prnctice applicable to charities preparing their acwullts inaccorda1wlththeF1j)anctal Reporting Statmlard applicablc intheLTK and Republi¢ of Ireland (FRS102) (eff¢thiv¢ l January 2015) (as att]ended by Update Bulletin I publishrd oll 2 Fcbruary 2016). Reference and vldministrative detai15 ReEiStered cbarity n&me Thottham Village Hall Playing Field Charity r¢gistr¥tiokn number 1141442 Company registration number 07479975 PrAncipal office Ind registered offlce ThornIll Village Hall High Street Norfolk PE36 6LX The trustees Thc tTUStccs wbo Serv during the year and at the dale of approval wffc as follows: J J Wart]aD) (resigned 17 October 2024) MTS S C Herbat A D JamiesoD J W H Cave {r&$ign 17 October 2024) M J Ball¢ntiTh¢ (resigned 17 October 2024) Mrs H J Dyson (rcd 17 Octobcr 2024) JPLaw Ms L Rcddyhoff tAdy H Curran Colonel W King Hannan (apEK)inted 15 January 2024) l Barrett (appointed 17 oCb¢[ 2024) C S Venes {apFK)inted 17 October 2024) C T Mocatla (appointed 17 Octobcr 2024) Page I
THORNHAM VILLAGE HALL kND PLAYING FIELD Company Limited by Guarantee Trustees, annual report (IncoTpor¥dting the dlre¢tor's report) (conlinued) Year ended 31 December 2024 Company secretAry S C Mocatta Independent exAminer Kathryn Gigg FCA The Officc 20 King's LyDtLRoad Hunstanton Norfolk PE36 5HP Bankers Barc]ays Bank PIC 21 Tuesday m¢1 Pl King's Lynn orfolk PE30 IJX Solicitors Hayes + Sto The Old County Court County Court Road King's Lylln Norfc?Ik PFJO SES Page 2
THORNHAM VILLAGE HALL AND PLAYLYG FIELD CompY4ny Limited by Guarantee Trustses, anDual report (incorporathig the dirertor's report) (continued) Year ended 31 December 2024 ObJecdve4 and activiiles The clwity'8 objectives are to establish and Tun a village halL together with providing and maintsining a sports and recreational grourLd indudillg a children'5 playground. Th¢ d)arity airos to proD]Ote health through hcalthy recreatioi advanccmcllt of arts and culture through acc to eutertaiJ]nwll and exhibitions aud advawement of amatcur sport through providing sports facilities. Public benefit The Trustees lJav¢ Iiad du¢ regard to the Clwity Commission's guidelin¢s ¢)n public bcn¢fii and coDsid¢r that now the village I1 bas been fully abliS bcncfit is being gain by the inhabitants of the area without distitLCtion and for the public at large. Achievements and perform&nce The Village Hall and Pla)Ing Field5 Colltilluc lo be used by a growing number8lld v8riety of ppIe of all age groups. We are pleased to rewrt that we are fulfilling all of our Charity obj1VeS and now bavc the aim of increasing the quality and quantity of activities and buildings on offtt. We are delighted to announce that work has coll]D]Ced on the new Sports Pavilion which will give improved faci]itics tor th¢ cricketcrs and new sports ventures alike. Thi5 will cDabl¢ us lo expand our rang¢ of actiTritics in the nydin Hall and on the Playing Ficld. The fir81 turfwas cut by our MP James Wild, with tb¢ complelion of l)hasc I expected al the end of Septern 2025. Fund raising aclivitics will be evid•tt during the year with a Spx)rtsn)an Dinner plaDDcd for Scptcmbcr 2025. The project will be completed during 2026. Th¢Trustecs would likekn tbaDkall ourvolutstea3. employees and very gctLCrnUS fimds providers forth¢irn]arvellous support again this year. Finan¢i81 review The financial statements for the yeaT Show nd loss beforc dwreciatiotK of £794 (2023: surplus £9.525). The ChltY had ovcrnll deficit of £20.739 (2023: £13.702). Reserves poucy The Tnl¢eS are aware that thtrc Is a long term need to rcpair, maintain and rcplacc thc assets in their control in Ord to 8ustsAn the quality and pdormaDcc of these a&sets. This commitment is under ¢onstBnt revicv* to¥etber with the nced to improvc the range ot activities providd To thcsc llccds the Trustees believe that reservcs in the region of £85,000 will bc rcquired and will eDsure resoves ar¢ kept to that Icvcl. The clwity curreJ)tly IldS £142,980 (2023: £146,114) in current assets. Page 3
THORI¥4HAM VtLLAGE HALL AND PLAYING FIELD Company Limited by Guarantee Trustees, annual report (incorporating the direetor's report) (continued) Year ended 31 December 2024 Structur4 governAnce and management Governing document Thornham Village Hall and Playing Fi¢ld is a wmpany limited by gLwantcr is a registed charity governed by its McmorJndum and Articlcs of AssociatioTr It was incowrdted on 30 DCCCMb 2010 and r¢gistcrcd a8 a charity OTJ 14 April 2011. Recrultmen¢ appoin¢ment And training of Irmste Trustees shall be peTsons who througb residenc& occwMtiotL rmployoent or othThise bave special knowledge of the area of benefit or who are otherwise ablc by ViTtue of thcir pcrsonal or profc5sional qUlficatIOnS to make a cotLtribution to the puThuit of thc objects of the ckwity. In a)rdance with the Artic1¢5 of Association, the Tee8 as a body will inulude one trnstcc app)inted by Thort]ham Parish Council. The Thstees are also ablc to CA)-OPt four TnLStccs, with five trustees being clccted at the AG.M. On appointmeThL Trustees are provided with: a) Copies of th¢ Metnordlldum and Articles of Asswiatio b) Details of the Charities Commission Guidelines'Th¢E5scntlalTn- What you nccd to know, what you ne£d todo"; ) The latGgt FRtwKial StaÉ¢ments. In addilioo the Trustees arc ¢n¢ouragcd to rd Clwity Commission and other newsl¢tt¢rs and to attend courses dcsigned to k¢qi them abreast of thvir dutics and r¢stKmsil)ilitirs. The TrustcEs are dir¢Ltors within th¢ mwing of the Companies Act 2006. During the pcriod w]d¢r review. the TnteeS w¢re as ]isted on page l. A skills audit was carried out previously to identifythr strength8 and weaknesses withillthc clmrity. Thks will enable thc charity to 1[[Use its are&s of exptiSe and attract futur¢ TrustCC8 who will enball the skills of the current board. Risk apprdiyol The Trustees a¢knowledgeth¢ Charity com510.5 guidclincs regarding reviewing D]ajorrisks to which the charity is exposed. A financial ri8k a8se&sn]cllt was undertakffl previously as required by the Big Lottcry Futml. Opcrati()nal risks fa¢¢d by thc clwity are reViCw on aD ollgolng basis aud a full Health & Safcty audit 18 ndlted by a company who ar¢ experts in t]Mt fLeld. All annu81 strdtcgy meding is hcld at which an all risks review is undertakcn. The k¢y risks faced by the charity arc: l) The longr_terni replaccmenl of the Trustees. Thc clwity has an active policy to attrdct both TnteeS atLd Voluntcer8 which seerns to be showing posiUV¢ r¢sults. 2) R¢cruiimcnt of younger pe)ll5. The dcmographics of the area llg thi5 a challenge. Constallt contact with all youngcr famiIAes togetber with the introduction of activitirs attwting younger persons should assist in solving this issue. 3) tnger tenn tmpacl of COVID-19 crisis. Page 4
THORNHAM VILLAGE HALL AND PLAYING FIELD Company Limited by Guarantee Tru5tees' annual report (incorporating the director's report) (continued) Year ended 31 December 2024 Orgamisaftonal JlrucfHre Thc -frustces mcct ai Ica5t quartcrly or more frequently as required. Independent aler Mrs Kathryn Giggy FCA ot'Kathryn Gigg has bccn appointed as independent examiner for the ensuing year. The'fruste ualr ort was approved on . 2025 and bi¥ncd on behalf of the board of trustees by.. A D Jdmies -rrusiee im]an) Page 5
THORNHAM VILLAGE HALL Ai%D PLAYLYG FIELD Company Limited by Guarantee Independent ¢x3miner'8 report to the tntee5 of Thornham ViLlage Hall and Pla)ryng Fleld Year ended 31 December 2024 I report to thc charity Tmstees oll ¢xamination of the financial statcments of th¢ company for the year eodcd 31 December 2024 which compris¢ the statcment of financial activities (including inwme and cxpcnditure account), balance she¢L and the relatcd notC5. Re5POllslbilitles and basis of report As th¢ Gharity's Tntee$ of the COllLpany (and also its directors for thcpurposes of CoMpY law) you ar¢ responsible for the PTeparation of the financial 5tatcm¢nts in aC0)rdan with thc TcquireJDts of tlLe Companie8 Act 2006 {'he 2006 Act,). Having satisfied myself that the fJJancial statements of tbe company are not required to be auditcd under Part 16 of the 2006 Act and are ¢ligiblc for independent cxarninatiO I rrport in r¢spcct of my examination of your ¢oJJwany's financial Statfflients as carricd out under s10 145 of thc Cbaritit% Act 2011 ('Ihe 2011 Act"). In carrying out my examiDation I have ftpllow¢d the DirtiOnS given by th¢ ChaTity commi10 under 5CCtion 145(5)(b) of the 2011 Act. Independent examlner's statement I have oojnpleted my ex8minatioTr I CODfirm that no matters have come to my attcntion in connection wryth th¢ xninll0n giving mc cause to belicvc that in any nkaterial resp1. l. Accounting recor(L8 wcfB llot kept in Te• of the compaJ)y as requiTed by scclion 386 of thc 2(M)6 Act. or. 2. The financial slatemen18 do not accord with those recos. or 3. The finallcial statements do not comply with the accounting TequjrcnKts of section 396 of the 2006 Act other than any Tequircmeni that thc accounts givc a rne and faiT" viw which is not a matter considered as part of an independent exaujillation" or 4. The fala[ statements have not brcn prepar in aL¢ordancc with the methods alld principles of thc Statement ol Kccomm¢ndcd Practice for accounting and rq)ortitig by clLaritie& applicable to ChltiES pr¢paring their accounts in accordanccwith the FinarKial Rcwrting SL2ndard applicablc in tbe UK and Republic of Ireland (FRS 102). I have no conccrll8 and bave come a0&$ no othff matteTh in conntIon with thc examination to which attention should be draw in this r¢port itL order to enablc a undellg of the accoullts to be reached. rs Katbryn gFCA Indcpclldent Examiner Kath1 Gigg Cbarttted Accountants The Offiee 20 Ktng's L>Tn Road Hunstantoll Norfolk PE36 5HP Page 6
THORNIIAM VILLAGE HALL LND PLAYING FIELD Company Limited by Guarantee Statement of fmancial activities (Including Ineome and expendlture aeeount) Year ended 31 December 2024 2024 2023 Total Fund8 Unrestricted Restrict Tot Funds Note IDcome and endowments Donations and legacies Charitable activities (Hall hire) OthcT trading activities Inveslment income Othu income 5.988 18,302 64.592 1,209 5(M) 2,450 8,438 18,302 82,110 1209 500 4.970 14.314 79.650 508 17.518 Total Income .591 19.968 110.559 99,442 Expendilure Expcnditurc on raising fiLllds: Costs of other trdding actsTrities Expenditure on clwitable activities Gra8 made io li (24.127) (101418) (4,753) (28.880) (102.418) {24,304) (88,840) Total penditUre (126,545) (4.753) (131,298) (113,144) Net in¢omel{eIpenditure) before tran8fer of funds (35,954) 15.215 (20.739) (13,702) Traztsfers between funds Net movement in funds (35,954) 15,215 (20.739) (13,702) Reconciliation of funds Total funds brought forward 339.749 475.910 815,659 829,361 Total funds c4rried fonvard 303.795 491.125 794,920 815.659 The statement of financial activitits inckudcs all gains alld 10&8es rttogDi5cd ill thr year. All income and expenditure derive from contilluing aaivities. The notes on pages 9 to 17 forni part of these fin*ncial st&tem¢nt5 Page 7
THORNHAM VILLAGE HALL AND PLAYING FIELD Company Limited by Guarantee Balance Sheet Year ended 31 December 2024 2024 2023 Lyote ixed a55et5 'rangible fixed as5CtS Current Y155ets Stocks Debtors Cash at bank and in hand 16 651.940 669,545 17 18 1,872 1,626 207.949 1,527 4.123 143,160 211,447 148.810 Creditors: Amounts falling due within one year 19 {68.467) (2,696) Net current assets 142,980 146.114 Total a5set5 less current liabilities 794.920 815,659 Iyet assets 794,920 815,659 unds of tbe cbarity RcblriLted fuiids UnrcstriLted funds 491.125 303.795 475.910 339,749 Total charity fund5 21 794,920 815,659 For the year ending 31 Deccn]bcr 2024 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 r¢laling to sn]all companies. Directors. rcsponsibilities- Thc members havc not rcquired the company to obtain an audÈt of ils fin<CLaI statements for the year in question in accordance with scction 476,. The directors aLknowledgFC thcir responsibilities for COTnplying with the rcquir¢ments of the Act with respect to accounting rccords and thc prcpardtkon ot financial statcm¢nls. These financial statcmcnlb have been prepared in acLordance with th¢ provisions applicable to companics subject to thc sm¢ill companies, rcgime. These financial 5tal¢ments wcrc appr and are signed on bclialf olthe l)oa ved th¢b d of INstees and authoriscd for issue on 2025. A D Jamieson Ichaimian) Tru5tcc Company rcgislrdtion nurnbcr.. 074 997 The notes on pages 9 to 17 fortu part of these finallcial statements Page 8
TllOILryHAM VILLAGE HALL AND PLAYING FIELD Company Limited by Guarantee Notes to the finan¢lal statements Year ended 31 December 2024 l. General informatioll The charity is a public b¢nefit entity and a PTivate company limited by guarojm rcgistered in England aThl Wales and a register1 clwity in Englalld and We9. The addre of thc regist¢rd office is Thontham VilLage Hall. High Street, Thorna Norfo]k PE36 61. I, Statement of compllanee These financial statcmcnts have been prepareAI in compliance with FRS 102. 'Th¢ Financial Rq)orting Standard applicable inthe Uxand the Republic of Ireland.. the Statement ofReC0ned Practice applicable to charities prcparing their acci)unts in acCordkee with the Fillala1 Rwrting Stsndard applicable in the UK and Republi¢ of ILEland (FRS 102) (Cbaritses SORP (FRS 102)) and the Companies Act 2006 and the chItiCS Act 2011. The charity has applied Update Bulletin l as published on 2 Febnwy 2016. The charity constitutes a public benefit entity as defill by FLS 102. 2. Accounting policies (a) Basis of preparation The financial statcmcllts bavc bccn prcpared on tbe historical cost basis. The financial stat¢nLeThts are p[q)81 in stcrlin& which 15 thc funo*ioDal cutrcllcy of thc cntity. {b) Going ¢oncern The accounts have been prepared on the going ¢on¢¢rD basis and the ThJ8tees believe that no material unLcrtainties exist. The TnLStees bave considered the level of fimds held and the expected income and expenditure for the ncxt 12 mollths from authorising these financial statements. 'fhe budgeted income penditur¢ is sufficient with the Icvel of rc5cTh'es for tbe T"nl to be able to continue as a going concern. (c) Fund Accounting Unrestricted fun(Is &re available for use at thc discrdion of the TrSt¢¢9 in fih¢r¢ of Éhe gcncral ObitIv of th¢ clwity. Restricted funds are subjecled to restri¢tions on thcir cxpcnditurc imposed by the donor or through the terms of an appeal. Further explallation of thenaturc atLdpurpose of each fund is included inthe notes to the fiiwicial &tatcm¢nts. Page 9
THORNllAM VILLAGE HALL PLAYING FIELD Company Limitsd by Gaarantee Notes to the fin4n¢ial statsments (continued) Year ended 31 December 2024 3. Aceounilng poli¢ies (conlirwed) (d) In¢ome All income is Includ ill thc statement of financial activities when entitlun¢nt ]Jas passed to the olritY, it is probable that the economic benefits associated with thc traDsaction will flow kn the clwity and the amount can b¢ r¢liably measured. Thc follolg specific tx)licics are applied to particular ¢atcgories of income.. Income frorn donations or grdnts us recoglliscd when there is evidence of etLtitlement to the gitl rCIpt is probable and its amount bc measured rcliably. Investment income is Itluded when raxivable. Jn¢ome from charitable activiti arc acLounted for when earned. Fund raising income is included when rec£ivcAI (e) Expendfiture Expenditure is re¢ognis¢d on an a¢crua15 basis as a liability is incutred. Expenditure includes any VAT which cannot be fully recovcrt and is classifid ulldcr headings of the statcment of firla1 artivities to which it relates- Expenditure on raising fimds illcludc5 th¢ aswiatql with funthAsing activities. Expenditure on LhaTitable activiti¢s includcs all costs illCULTed by a charity in undertaking actiNTrtics that fLllth¢r its charitable aims for Ibe benefit of ils b¢ncficiaries. including th08C 51Wrt ¢05ts and c4)sts rclating to thc govemance of thc charity apportioned to cbaritable activiti. All costs are allocatcd to expenditure categorics rrflecting tbe use of the resourcc. Direct costs attributable to a single activity arc allocata dircctly to that activity. S] costs a apportioncd bctween the activitics they ci)ntribut¢ to on a reasonable. justifiable and collsi8trnt basis. (O T¥dngible assets FIX asscts are ststed at cost of an asset. less accumulatcd dcpreciation. Frechold land 18 includcd basa on a valuation rOrded by the tandRegistry wh¢n legal title was tmsfwred to thc clwity. (g) Depreciatlon Dq)reciation is calculatcd so as to write of the cost or valuation of an as8eL less its residual value, over the useful cconomic life of that asset frillows: Fixturcs and FAttings Freehold Building 200/D Strdigbt IiDC 20/0 straight lille Freehold land is not dq)Ciated. Page 10
THORNHAM VILLAGE HALL AND PLAYING FIELD Company Llmlted by Guarantee Notes to the financial Statements (conlimied) Year ended 31 Deeember 2024 3. Accounting polides (continued) (h) Stocks Stocks are measured at the lower of cost and &stimatal Sellg price less costs to complete aud sell. Cost includes all costs of purchase. costs of conversion and othercost5 incurred l[Lbring the stockto its prcscnl Iwation and condition. (i) Financial instruments A fJDao¢ial et or a financial liabilty is recognised only when the entity becA)mes a party the cOntrtual provisions of the instnunenL Basic financial instr4lloents are initially recognis at tlle allullt r1Vable orpayable including any related transaction costs, unless the arrangement constitutes a fiDallcillg transaction, wbere it is recognised at the present value of the future paymcnts di5Lounied at a market rdte of intercst for a siLIar dcbt instnllnent. Current assets and CUTrent liabilities subscquentiy Measur at th¢ 5b or other consideration expected to be paid or received and not discounte41 4. Limlted by gu&ra]rtee The cl)ariiy is a company limited by guardlltee and docs t have any 8]wr capilal. The Ikability of eachmember in the ev¢nt of winding up is limited to £10. 5. Donations and legacies Ullrc5trictcd Fullds Rcstrictcd Funds Total Funds 2024 Dollutio New Sports PaTrilio Thonthum Parish Council Friend8 ofThomham Village Hall Misccllancous 2,450 2,450 2,750 1,950 2.750 1,950 5.988 2.450 8,438 Page 11
THORNHAM VILLAGE HALL AND PLAYtNG FIELD Company Llmited by Guarantee Notes to the finallcial statements (continued) Year ended 31 December 2024 5. Donations and legaaes (¢y>n£ipNed) U7]re5tricted Re8tticted Total Funds Funds Funds 2023 Donatlons Thon)bam Parish Council Fri¢n(ts of Thontham Villagc Hall Miscellaneous 2,750 2,000 220 2,750 2,000 220 4,970 4,970 6. Charitable a¢lltieS UDTestTiCtcd Funds Totsl Funds 2024 18.302 Unrestricted Funds Total 2023 14,314 Hall hiTC 18.302 7. Other trading acifities Restricted Utwestrided Funds Funds Total Funds 2024 17.518 31235 4.803 Restricted Funds UDrestricte4J Fund8 Funds 2023 New Sports Pavilion Car Parking Cinema Club and theatsE Fundraisiug & I[ Club 17,518 31235 4,803 28,554 40,296 1,613 40,296 1,613 79,650 8. Investment ineome Unrestrict Total Funds 2024 1209 Unrcstrict Funds Total Funds 2023 508 Bank interest reccivable 508 9. Other income Unrestricted Tot81 Fund5 2024 5(Kl S) Unrestricted Funds Total Funds 2023 Cricket Club Li¢cncc 5(K) 500 10. Costs rfother tr*ding artivlties Restrict¢d Funds UnTe8tsi¢ted Funds Totsl FuDds 2024 4,753 5,155 4.903 Reb'tricted Unre5tiicted Fund¥ Totsl Funds 2023 New Spons Pavilion Hall Hire Losts Cin¢ma Club & theatre expef FundTai8ing 4.753 5,155 4.903 458 458 24.304 Page 12
THORNHAM VILLAGE HALL AND PLAYLNG FLELD Company Llmltsd by Guarantee Notes to the fmancial statements (co1}ed) Year ended 31 December 2024 11. Expenditure on charitable Aetivltles Restricted Funds Tot81 Fund8 2024 8.461 6.258 5,128 29.131 21.649 3,710 Light, heat and water Insurance, Legal & Profcssional fees Postage, stationery and telephonc Administration expenses Equipment, repairs and nuinlenance Cleaning and mi8cellaneous Mketi[lg and salcs promolLOD Health and safety Depreciation Bank & charges Governance costs 8.461 6.258 5,128 29.131 21.649 3.710 1,938 19.945 1,401 1,938 19,945 1,401 102.418 102418 Unrestrickd Rcstrictcd Funds Totsl Fund5 2023 4.069 3,532 2.324 22.811 24,258 3.568 348 157 23227 1,626 2.920 88,840 LIt. hrat and wat Jnsurance Postage, stationery and iel¢phon¢ A<bninistration cApese$ EquipmrTht, TepaiTS and mailltejmnce Cleaning and miscellaneous Markcting and Sales pmmotion Health and safety Depreciation Bank & Card chaTg¢s Governance costs 4,069 3.532 2,324 22.811 24.258 3.568 348 157 18.992 1.626 4,235 84,605 Analysis of gOvernce costs: Total Funds 2024 Total Fw)ds 2023 Independenl ¢xamitwtion fees Accountancy fees 1.465 3.332 4.797 1.465 Pag¢ 13
THORNHAM VILLAGE HALL PLAYING FIELD Company Llmited by Guarantee Notes to the financial stAtements (continued) Year ended 31 December 2024 12. Net iDcomel(expenditure) Tot81 Funds 2024 Tot Funds 2023 Ncl Incom(expCnditLe) is Stat aftcr Charng. Depreciation of tangible fixed assets 13. Lndep¢ndent examinitioll fees 19.945 2024 2023 Fec8 payable to the indepcndent examiner for. Illdcpendent examinalion fccs for the fiDallcial statement8 14. Staff ¢0st5 1,465 1,465 No Salaries or wages have been paid to cmployees. illcluding tl)¢ Trustcffj d1£ the yeaT. 15. Trnstee remuneration Ydnd expens Dltring the year the Tru5tces were reitnbursed for purchaw made on behalf of the charity minor necessary and authorised out of w)ck& cxp¢nscs. as summ5j bclow. 2024 2023 J Warham JWIICave Mr8 S C Hrrb¢rt 473 473 Page 14
THOILYHAM VILLAGE HALL AIYD PLAYthG FIELD CompY4ny Limltcd by Guarantse Notss to the financial statements (coniim4ed) Year ellded 31 December 2024 16. Tangible fixed assets Freehold land Fixtures nd fittings Freehold buildiwd Total Cost At l January 2024 Additio 15,000 176.124 807,221 998.345 At 31 December 2024 15.0 176,124 809.561 1,000,685 DepreclAtlon At l January 2024 Charge for thc ycar At 31 December 2024 168,859 159,941 328,800 19,945 171.079 177,666 348.745 Carryin% amount At 31 December 2024 15.000 631895 651940 At 31 December 2023 15,000 7.265 647.280 669.545 A legal c]wge of £475,910 is held by the Big LA)ttcry Fund over the building for the next 9 ycar5. Sports England also have a Icgal charge over the plajillg ficld for the next 23 yeaTS. 17. Stocks 2024 2023 Stock 1,872 1,527 18. Debtors 2024 2023 Other debtors 19. CT¢dltors: Amounts falling due within one year 2024 2023 Trade craitors ALuruals 10,449 58.018 Page 15
TllORNHAM VILLAGE HALL AND PLAYLNC FIFJ,D Company Llmlted by Guarantee Notss to the financial statsments fcontinmed) Year ended 31 December 2024 2D. Taxation No proTrision is made for taxation as th¢ CoMY is a GIrIty cntitled to the vuiou5 exemptioDs affordd by the CoOration Tax Act 2010. 21. Analysi5 of charitable funds Balance at l Jan 2024 Income EJpenditsre Transfers Balance at 31 De¢ 2024 Restricted funds Big Lottcry Cricket Field New Sports Pavilion 475.910 475,910 4,753 (4,753) 15215 491,125 475,910 19.968 Unrestricted funds General fid5 339,749 815 649 90,591 110,559 126,545 131.298 303 795 794 920 Balan¢e at l Jan 2023 IDcome Tr*nsfers Balance #t 31 Dec 2023 Restricted fullds Big Lottery Fund Cricket Field Play Arra 475.910 1.548 475,910 (1,548) 2,68 (4.235) 480.145 475.910 Unrestricted funds G¢raI funds 349,216 829.361 108.909 113,144 339.749 815,659 The Big Lottcry Fund- reprcscnts received from the Big trtery Fund to cstablish a new villagc hall. A Icgal charge of £475,910 is held by th¢ Big Loitery Fund for thc ncxt 9 y. Crickct Field- represents fiLnds rcccived from Sports Engi&nd in relation to football pitch impTovaJ¢nts attd new cricket Square. Sports England havc a legal clMrg¢ ovcr the playing field fiIT the next 23 yea. Page 16
THORNHAM VILLAGE HALL AND PLAYLYG FIEI Company Limited by Cuarantee Notes to the fmancial Statements (continued) Year ended 31 December 2024 22. An4lysis of net assets between fid$ Unrestricted Funds 160,815 167.447 Restricted Funds 491,125 44,000 Total Fun(ts 2024 651,940 211,447 Tangiblc fftxed assrts CuTreTht assets Creditors less than l year Net Assets 303,795 491,125 794 920 Unrestrict Funds 193.635 148.810 2.69 339.749 Restricted Fullds 475.910 Totsl Funds 2023 669,545 148,810 Tangible red as8¢ts Current assets Cr¢ditors kess I]ll l y¢ar Net assets 475.910 815 659 23. Financial ijknments The c8Thying amount for each category of fillallcial instiument is as follows: 2024 2023 Fillancial assets thAt Are debt instruments me*sllred at amortised cost Other debtors Stock 1,626 1,872 3,498 4,122 1,527 5,649 2024 2023 Finan¢ial liabllltles metd8ured at amortised cost Trade craitors Accruals 10,449 68,467 Page 17