COMPANY REGISTRATION NUMBER: 07539894 CHARITY REGISTRATION NUMBER: 1143263 Newbrough Town Hall Company Limited by Guarantee Unaudited Financial Statements 29 February 2024
Newbrough Town Hall Company Llmlted by Guarantee Flnanclal Statements Year ended 29 February 2024 Page Trustees. annual report (incorporating the director's report) Report to the board of Irustees on the preparation of the unaudited statutory financial statements Statement of financial activities (including income and expenditure account) Statement of financial position Notes to the financial statements
Newbrough Town Hall Company Llmited by Guaranlg9 Trustoes. Annual Roport (Incorporating the Dlrectofs Report) Ygar ended 29 February 2024 Thg trustees, are also th8 dir8th for the purposes of company law, present thglr report and th unaudlted financlal sLements of th8 charfty for the year gnded 29 February 2024. Rer•Th¢ and admlnlstratlve d•tall8 Reglstered charity n•m• Newbrough Town Hall Charity r8gistratSon nUmr 1143263 Company rogl$tration numbgT 07S39894 Prlnclpal offlcg and reglstered Ne%vbrough TO Hall Ngwbrough Hexham NE47 SAR Th• tru$tfj•s D Speamian N Sprin9ham {Co Chairman) S Robson Ico Chairman) K Barbar K East Res6gned 14 November 2023) IResiJned 14 November 2023) (Appointed 14 Nov8mbgr 20231 Countants Northumberland Accountsnts Limited Russell House Greenw911 R¢)ad Ajnwck Northumberland NE66 1HB Structur•¥ govfjman and managemenl The company as set out in Its artlcles of asso¢ialion, was that of a registered charity a putrAi¢ hall for training and recreatlon for the b8ngfrt of the Inhabltat)ts of the Parlshes of Newbrough and Warden and the immediate vicinity. The (x)mpany has a subsidiary, Newbrough Trading kn'mlted whlch raisos fuNls through operation of the bunkhouse and donales ils profits to charity.
Nowbrough Town Hall Company Umited by Gtharantèg Truste•s' Annual Report (Incorpor4tlng tho Dlre¢torfs Reportl (¢¢Mtht Y•ar •nded 29 February 2024 The w of the 11 covers a vhje range of of act11¥ IrduiThJ; Cultural - Tho VIIFag• P8nlthmkn8. Mu$k nd Tall#1 ¢¥¢nlw8, ts R••dw8 Botsk Club, tho 11098 PrtrJu¢e Show etc. Spth. Bgdmlnkn), Carw Bo%th& liE•tss and Yog• R•cr•ation8VComm(tnlty - Wl m¥dirw •nd adville$. Mllago Barbèt%o. Chrthi8s F8fr and Prfv819 Parties for childr. W Namlngs and Weddthgs. Aso 8lr4Jo and Quiz arn held on a regular AEhl•v•m•nts •nd p•rfonn•nc• Durlro the year company ha8 rewwj Inm fw 88. Inc(rfn&, room b0, r•ntsl ol the Ilal and donath)n Flnancl•l r•YlThT 09 the yw tow Incom• £45.94312023; £29,132) Wlng to a swpbjs of £2,588121Y23:dgfidt ol £11.4S81 Sm•V ¢ompony provl•lon• report h89 boen Fxorwed In acran¢& wlth th• pro appllc8t40 to corn$ ¢1$d kn th• srnl1 ¢(¥np9n1 •xompYM. Th8 tru8t8•8' annual rèport approved ¢n 14 Novembor 2024 $lgn•d on boh811 of Ihe board of N Sy4wh#m (Co Chalmian) Tnmteo S Robgon (Co Chaim)
Newbrough Town Hall Company Llmlted by Guarantee Report to the Board of Trustees on the Preparatlon of tho Unaudited Statutory Financial Ststements of Newbrough Town Hall Year ended 29 February 2024 As described on the statement of finarKial position. the trustees of the char4ty are responsible for the preparation of the financial statements for thg year onded 29 February2024, which comprise the ¥tstsmenl of financial activities (including income and expenditure account). statement of financial position and the related notes. You ¢XJnshler that thè charity is exempt from an audit undgr Ihe Companies Acl 2006. In accordance with your inslrLKtions we have compiled these financial statements in ordor lo assk8t you to fulfil your st8tuW responslbilitles. from the accounting records and from Informati ond eXanationS SLwplied to us. On b8haW of NORTHUMBERLAND ACCOUNTANTS LIMITED Russell House Greenwdl Road Anwick Northumkrfand NE66 1HB 14 November 2024
Newbrough Town Hall Company Limited by Guarantee Statement of Financial Activities (including income and expenditure account) Year ended 29 February 2024 2024 UnreStted funds Total funds Totsl fvnds 2023 Not• Incomg and endowments Donations and legacies Charitable actNilies Other trading athibes Investment income 20,500 10.031 14,986 426 20,500 10,031 14,986 426 2,667 11.256 15,159 Total InGom• 45,943 45,943 29,132 Expendlture ExndItUre on raising funds.. Coyts of raising donations and legad88 Costs of Dther Iradlng activlties Expgnditure on charitsbl8 actiwlies Oiher expendiiure Total gxpondltur• 60 9,194 9,377 21.959 40.590 10 11,12 13 11,124 11,145 21.088 43,357 11,124 11,145 21.088 43.357 Nèt Incomoll•xpendltur•l and n•1 M0ment In funds 2.586 2,586 {11,458) Reconclllatlon of funds Total funds brought forward Total funds carri•d fOard 35,848 38,434 35,848 38,434 47.306 35,848 The statement of financial activitias includes all gains and losses recognised in the year. All iw)m8 8nd expenditure derive from continuing 8ctivit¢es. Th• not•$ on pw$ 6 to 13 fomi part ol th• flnanclal 8tat•m•nts.
N•wbrough Town Hall Company Umlted by Guarant00 stat•m•nt of Flnanclal Posltlon 29 Fabruary 2024 2023 Tangl$ flxod 068elB 17 18.751 4.092 Currnnl ••••t• Dobtr•rs Cash at 4rKI In hand 18 1,727 19.301 21.028 2.072 31,124 33.196 Cr•dllorn' Imouftt• hlllng du• wlthln on• y•w 19 19.683 31.758 35,848 Talal a•Mts 1•55 ¢unn¢114blllll 38,434 Funds of th• ¢h•rlty 38,434 35.848 35.848 Tlitsl Gharltyfuftd• For th8 yaar 29 Fe1xU 2024 the ¢harty was 8ud(t under 88¢llon 477 oftho Compania8 2006 rdathig to omol The m•mber¥ hMV• not req the o)mp•ny to obt an audl of tt6 Statements for Ihe y8ar In quth In accordancewfjlh sackn 476., rosp8GtI) accxwnllro r•rAd8 arrtl th8 kveporadon of slotemont&. Thts8e and81 st8t¥ments haw) boen pr•prffil n xrnrdanc• the wovthkTh to cunp8n1•8 8ubj¢¢t to the smdl compv&$' rogln)•. NO¥nb1 2024. ¥bn•J on ts9 of tho board by.. N Sprti (Co Cholm•n) Trustso S Rob4on (Co Chalnnan)
Newbrough Town Hall Company Llmltod by Guarantee Notos to tho Financial Statements Year ended 29 February 2024 G•noral information The charity 15 a public benefit entity and a private company limited by guaranlee, reglstared in Engl&d and Wales and a registered charity in England and Wales. The address of the registered Off is NeWbrOu Town Hall, Ne%**rough, Haxham, NE47 SAR. statomenl of compllan¢e These financial statements have been prepared in comptiance with FRS 102, The Finanoal Reporting Standard applicable in the UK and the Republi¢ of Ireland,, the Stslemont of Recommended Practice applicable to charities proparing th8ir accounts in accordance wlih tha Flnanclal Reportrng Standard applirAble in lh8 UK and Republic of Ireland IFRS 1021 (Charities SORP IFRS 10211 and the CoMpanS Act 2¢J)6. A¢¢ountlng poll¢¥ Basls of preparatlon The financial statements have been prepared on the historical cost basis, as modffied by the revaluation of certain financial assets and liabilities and Investment properties measured at fair valua through income or 8xpenditur8. The financlal statements are prepared in stérling, which is the funotKJnal rrencY of Ihe enty. Golng COnM There ar8 no material uncertalntkgs about ts charitrfs abilty to continue. Consolldatlon The charty is not required to prepare CLMsdidated accounts in accordan with the Charities Act 2011, and has tsken advantage of the option not to preparg consolidatsd financwl $18temenls contained in Section 398 of the Companies Act 2006 on the basis that the charfty and its sub$Kliary undertakings comprise a small group. Judg•monts and k•y $our¢•s of Ostlmatlon uncwtainty he preparation of financlal slatements requlres management to make judgements. estSmates and assumptions that affect the amounts reported. These estimates and judgements aro contsnually revWed and are based on experience and other factors. includin9 expectations of future events thal are believed to be reasonabte under the cirwmstance$.
Newbrough Town Hall Company Limited by Guarantee Notes to the Flnanclal Statements (wnllnuqd) Year ended 29 February 2024 counllng pollcles (conllnuedj Fund accounting Unrestrted funds are available for use al the discretion of th8 trustses to further any of Ihe charws purposes. DeswJnated funds are unrestricted funds earmarked by the trustees for partKular fulurg project or commitment. Restrictsd fvnds are subjected to restriclions on their expenditure declared by the donor or through the temis of an appeal, and fall into one of Iwo SulaSseS.. reStrted income funds or endovmient funds. Incorning resources AJI incoming resour¥ are incfudad in the ststoment of financial acliwties when entltlement has passed to the charity. it is probable that the economic benefits associ8led with the transaction wll flow to the ch8rity and the amount can be reliably measured. The fc4hThwng specific polici8s are applied to particular categories of income.. income from donations or grants is recognised whgn Ihere is evidence of entSllemenl to the glfL recgipl is probable and its amount can be measur8d reliably. legaoy income is recognised en receipt is probable and entiuement Is established. income from donated g¢))ds is measured at the fair valug of the 9)ods unless this is impractical to measure reliably. in which case the value is deriv*d from the cost to the donor or the estimated resale vdue. Donated facilities and services are recognisgd in the ac¢ounls when rece¢ved if the value can be rellably measur8d. No amounts are included for the contribution of general volunlews. irKome from contracts for the supply of sfrrvices is recognisod wilh the dellvery of Ihe contracted servv. This is dassifBd as unrestricted funds unless there is a contracbjal requlremenl for it to be sp8nt on a particular purpos6 and returned rf unspent. in which tase il may be regarded as restricted.
Newbrough Town Hall Company Llmlted by Guarantee Notes to the Financial Statsm•nts (wnllnu Year ended 29 February 2024 Accounting poli¢ies fconllnuod) Resources oxpgndgd Expenditure is recognised on an accruals basis as a Ilablllty Is Incurred. Expenditure include5 any VAT which cannot be fully recovered. and is classmed w)der headlngs of th8 Statement of financial activsbes to whlch il relates.. expendlture on raislng funds Includes the costs of all fvndroising actities. events, non- tharitable trading activiti89, and the sale of donated gc¥)ds. expenditurg on charstable actNf(ie5 includes 811 costs incurred by a charity in undortaking actiwties that further fG charitable aims for the benefit of benefldarfes, Including those support Costs and costs relating to the governance of the charty apportioned to charitable actlv6ties. other expenditure includes all exp8ndilurè that is neither related to ralslng funds for the charity nor part of Its expendthJr& on charitablg activeS. I costs ar8 allocated lo expenditure calegor¢es refiecting the use of tho rasource. Direct costs attributsb16 to a single aclNity are allocated directly to that activty. Shared costs ar8 apportion8d betsveen th8 activities they contrsbule to on a reasonable, lustlflable and consistsnt basis. Tanglble assets Tanglblg assets aré initlalty recorded at cost, and subsequently stat&1 at costlgss any aUMulat9d eprgcialion and impairment losses. Any tangible assets carrled at revalued amounts are recorded at the fair value 81 the dale of revaluation Igss any subsequent accumulated depreCiatTr and subsequent accumulated impairment losses. An increasg in thg rrying amount of an asset as a result of a revaluali)n, is recognisad in other recognised galns and losses, unlgss il r8v8rses a charge for impairment that has preoUSlY been recognised as exp8rKliture within the ststem8nl of financial acliwties. A decrease in the Carng amount of an asset as a result of rev81uation, Is recognised in other rec(*3nised gains and losses. except lo whSth It offsets any previous revaluallon galn, In which case the loss is shown within other recognised gains and losses on Ihe stal8ment of finanual activities. Depre¢latlon Deprectation 1$ catculaled so a5 to write off the cost or valuation of an asset. less Its residual v81ue, over the useful economic lrfe of that asset as follows.. Fixtures and filtings Office equipment 25% stralght lina 50% stralght Ilne Impalrnient of flxgd assots A review for indicators of impairment is carrSed al each reportiw dat6, wth the recovgrablo amount bgiThJ estimated where such indicators exi51. Where the carrying value exceods the recoverable amounl. the asset is impaired accordin9ty. Prior impairments are also vbeYd for possible reversal al e¥h reporting dale.
Newbrough Town Hall Company Limit by Guarantee Notes to the Financial Statements Year ended 29 February 2024 A¢¢ountlng pollclos (¢ontlnwd) Impainnent of fad a858t$ (eondnu For the purposes of impalm)ent testiThJ, tt Is not possible lo èstimate the recovgrable amount of an individual asse( an estimalg is made of the recoverable amount of the cash-generatlng unlt lo which the asset belongs. The cash-ggnerating unit is the smallest Klentifiable group of assets that Includes the asset and generates cash inflows that largely independent of the cash inftows from other assets or groups of assets. For impairment testing of good11. the goo(hMill acquir8d in 8 busin8s$ combinatn Is, from the acquisthon date. allocated to each of the cash-generatlng unlts that are expected to beneflt from the synergies of ihe coMbInatn, Irrespective of whether other assets or liabilities of the chartty are assigned to those unlts. Flnonclal Instruments A financial asset or a firkincial Itability is recognised only Vrtn the charity bocomes a party to the contraotual provisions of the instrument. Baslc financial inslrumenls are Inlttally recognlsed at the amount recèN8ble or payabla including any related Iransactbn costs. Currènt assets and Current liabilities arg sUbsequenY measured at the cash or other con5NJeration expeGted to be paiij or received and not discounted. Debt instruments are subsequently measured at amorbsed cost Where Investments In shares are publkly traded or thelr falr value can othèrmse ba measured reliably, the investrnent is subsequently measured at fair value with changes in fair value recognised in ineome and expenditwe. All other such invastmanls arg subsequentty measured al cost less impaimienl. Other financial instruments, Induding derivatives, are initially recognised at fair value. unless payTnent for an asset is deferred yond normal lyJsine5s terms or financed at a rale of int¢rest that is not a market rate. in which case the asset is measured al the present value of the ftrture payments discounted al 8 market rats of interest for a similar d8bt instrument. Other financial instruments are subsequenlly measured at fair value. Wbth any Changes recoJnised in the ststemenl of financk41 acliwtw. wth the exception of hedging instruments in 8 designated hedging relationship. Financial assèts that are measured al cost or amort6sed cost are reviewed ftir objectlve evKl8nc8 of Impaimienl al the end of each rgportiThJ date. If Ihere is objective evidence of ImpalrmenL an Impaimienl loss is rgcognised under the appropriale heading in the statement of financial activiti8s in which the initial gain was recogThsed. For all equity instruments rogardless of slgniflcance. and other financial assets that are Sndmdually sJnifiCant, th8se are assessed indiwdually for impalm)&nl. Other flnancial assets are either assessed indivK1ualty or grouped on the basis of similar credit rfsk charactsrfsllcs.
Newbrough Town Hall Company Limited by Guarantee Notes to the Financlal Statemonts (wntlnu•YJ Year ended 29 February 2024 A¢countlng policies {eontlnu8dJ Flnanclal Instruments f¢onthtru•d) Any r8V6rsals of impaimient are recognised Immediately. lo the extent that the reversal does not result in a carryiThJ amount ol the financial asset that exceeds what the carrying amount would hav6 been had th? impairmonl rK)t prewousty been rocognised. Llmltod by guarnntg9 The liability of members is limited 10 £1. Every member of the company undertakes to contribute to the assets of the company in Ihe event of il being wound up while he is a member or wthin one year of him ceasing lo be a member. The contribution shall be for payinent of the debts and liabilities of the company contracted while he was a memb8r and of the costs, charges or exwnses of winding up and for the adjustrnents of the rights of the contributories amongst themselves. Each memberf8 contribution shall not exceed £1. Donatlons and 1og•cles Unrestricted Total Fund$ Unre51ricted Total Funds Funds 2024 FurKIs 2023 Donatlons Donations 20.500 20.500 Grnnts Govemment grant8 2,667 2.667 2,667 2,667 20,500 20,500 Charithble activltlès Unrestricted Total Funds Unrestrcted Total Funds Funds 2024 Funds 2023 Charitble actwities 10,031 10,031 11,256 11,256 Other tradlng actfviti Unrestrithd Total Funds Unr8strictod Total Funds Funds 2024 Funds 2023 Hall and room hlre Rent Wl bulldlng 8,986 8.986 9,159 6,000 9,159 6,000 14.986 14.986 15,159 15.159 10
Newbrough Town Hall Company Llmlted by Guarantee Notes to the Financial Statements (eonttht*dJ Year ended 29 February 2024 Investment Income Unrestricted Totsl Funds Unrestricted Total Funds Funds 2024 Funds 2023 Bank Inteiest recefvable 426 426 Costs of ra181ng donatlon• and lègacles Unrestrthd Tota5 Funds Unrestricted Totsl Funds Funds 2024 Funds 2023 Costs of raiwng Ik)nati(ms and legae5 60 60 10. Costs of othèr tradFng activities Unrestricted Total Fund$ Unrestricted Totsl Funds Funds 2024 Funds 2023 Costs of other trading acliviti8S 11,124 11,124 9,194 9,194 11. Expendlture on charltable adlvltles by fund typo Unrestrict8d Total Funds Unrestricted Totsl Funds Funds 2024 Funds 2023 Chable advlO6s 11.145 11.145 9,377 9,377 12. Expendlture on charftabl• acliviti•$ by activty typo Aclivities undertaken Total fufidB direcuy 2024 Tolal fund 2023 Charitable aCtiVe$ 11.145 11.145 9.377 13. Olh¢r expendltur• Unrestricted Total Funds Unrestricted Totsl Funds Funds 2024 Funds 2023 Bulldlng and Operacal costs 21.088 21.088 21,959 21,959 11
Newbrough Town Hall Company Limited by Guarantee Notes to tho Flnancial Statements fconttrtu•d) Year ended 29 February 2024 1& Net Incom•ll•xpendIre) Not incomel{expendttur8) is stated after Chargin(8diting). 2024 2023 Depreciation of tangible fixed assets 3.855 15. Staff $ts The average head Unt of empb)ygas during the year was 1 12023.. 11. No employee reGelved employee benefits of morg than £60.000 dudng the year {2023: Nil). 1& Trusteè remunoratlon and expenses No remuneratlon or other beneffts from employment with the charity or a related entlty Pro reGeivgd by the trustees. 17. Tanglbl• fix atts Fixtures and frttings Equipment Total Cost Al 1 Marth 2023 Additions 8,184 20,881 29,065 3,619 11,803 20,881 32.684 At 29 Fobruary 2024 Doproclatlon Al 1 March 2023 Charge for the year At 29 February 2024 Carrylng amount At 29 February 2024 At 28 February 2023 3,619 4.092 6.222 3,619 7.711 6,222 10.314 3,619 13.933 18.751 18,751 4,092 4.092 18. Debtors 2024 2023 Other debtors 1,727 2,072 12
Newbrough Town Hall Company Limited by Guarantee Notss to the Financial Statements leonttmi•dJ Year ended 29 February 2024 19. Cr•ditors: amounts falllng du• wlthln on• year 2024 2023 Traje creditors Other creditors 150 1.290 1,345 1.345 20. Analysls of ¢haritabl• fun Unreslrlcted fvnd8 At 1 March 2023 29 Fobruary 2024 Income Expenditure Unrestrfcted fund 35.848 45.943 {43,3571 38.434 At 1 March 2022 Income Expendilur928 F8bru*y 2023 Unrestrthd fund 47,306 29.132 {40,5901 35,848 21. Analysis of nel assets between funds Unrestrictgd Total Funds Funds 21)24 TangitAe fixed assets Current assets Credltors less than 1 year Net assets 18,751 21.028 11.345} 38.434 18.751 21.028 (1,345} 38,434 Unrestricted Total Funds Funds 2023 Tangilje fugd assets Current assets Creditors less than 1 year Nel assets 4.092 33,196 11.440} 35,848 4.092 33,1 (1.4401 35.848 13