## **TRUSTEES’ REPORT AND FINANCIAL STATEMENTS** **FOR THE YEAR ENDED 31[ST] DECEMBER 2021** **Charities Commission Registered No. 1157076** Trevone Village War Memorial Trust – Charities Commission No. 1157076 ## **Trevone Village War Memorial Hall** ## **TRUSTEES’ REPORT FOR THE YEAR ENDED 31[ST] DECEMBER 2021** ## **CONSTITUTION AND CHARITABLE STATUS** The Constitution of the Trevone War Memorial Hall Trust was adopted on the 23[rd] April 2014. The Charities Commission notified the trustees that they had granted Charitable Status to the Trust on the 16[th] May 2014. ## **PRINCIPAL ACTIVITY AND REVIEW OF THE BUSINESS** The principal activity of the Trust is the letting of the Hall rooms to the Residents of Trevone and Windmill. These lettings are made at reduced rate. Additionally, some lettings to commercial enterprises are made when the Hall is not otherwise occupied. The Hall is also used as a village meeting place for coffee mornings and for fund raising events for the Trust and other charitable organisations. ## **RESULTS** The results for the year ended 31[st] December 2021 are stated on Page 4. There was a surplus for the year of £54,388 (2020: Surplus of £27,148). ## **POST BALANCE SHEET EVENTS AND FUTURE DEVELOPMENTS** There have been no material post balance sheet events. A long-term objective is to re-build the rear room. ## **GOING CONCERN** The hall re-opened for use in June 2021. The trustees consider the trust has adequate resources and sufficient funding to continue in operational existence for the foreseeable future and it is therefore appropriate to adopt the going concern basis in preparing the financial statements. ## **AUDIT** The accounts are not audited. ## **TRUSTEES** The following have acted as Trustees during the last financial year. Frances Trenouth (Chairperson) Patricia Hall (Secretary) Clive Walley (Treasurer) Sue Bird Julie Turner Moira Walley Shaun Cornwell {Resigned 17/11/2021} Peter Jones {Resigned 24/11/2021} Trevone Village War Memorial Trust – Charities Commission No. 1157076 Page **1** of **5** ## **Trevone Village War Memorial Hall** ## **TRUSTEES RESPONSIBILITIES** The Trustees are responsible for preparing the Trustees Report and the financial statements in accordance with applicable law and regulations. The Trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). In preparing those financial statements, the Trustees have:- - Selected suitable accounting policies and applied them consistently - Made judgements and estimates that are reasonable and prudent - Prepared the financial statement on the going concern basis unless it is inappropriate to presume the Trust will continue in business The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the position of the Trust’s transactions and disclose with reasonable accuracy at any time the financial position of the Trust. They are also responsible for safeguarding the assets of the Trust and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. This Trustees Report has been prepared using conventional accounting practices. The report was accepted by the Trustees on Tuesday, 11th October 2022. FRANCES TRENOUTH Chairperson Trevone Village War Memorial Trust – Charities Commission No. 1157076 Page **2** of **5** ## **Trevone Village War Memorial Hall** **Balance Sheet as at 31st December 2021** ||**2021**
**2020**| |---|---| ||**£**
**£**| |**Net Current Assets**|| |Stock of Books and
Leafets|234
164| |Bank Balances & Cash|148,122
9
3,804| |Less Creditors & Pre
receipts|(318)
(318)| |**Total Net Assets**|**148,038**
**93,**
**650**| |**Financed By**|| |General Reserves|8,548
9,104| |BuildingReserves|139,490
8
4,546| |**Total Reserves**|**148,038**
**93,**
**650**| ## **Independent Examiner’s report to the Trustees of the Trevone Village War Memorial Hall.** I have examined the above balance sheet and the attached income and expenditure account and notes. I confirm that they accord with the accounting records of the Trust. Nothing has come to my attention to indicate that there is any material mis-statement in these accounts. I have not performed an audit. HM SAUNDERS FCA 11th October 2022 Trevone Village War Memorial Trust – Charities Commission No. 1157076 Page **3** of **5** ## **Trevone Village War Memorial Hall** ## **NOTES TO THE FINANCIAL STATEMENTS** ## **FOR THE YEAR ENDED 31[st] DECEMBER 2022** ## **1. ACCOUNTING POLICIES** ## a. Accounting Convention The financial statements have been prepared under the historical cost convention and in accordance with applicable accounting standards as required by the Financial Reporting Standard for Smaller Entities (effective April 2008). b. Income Income is credited to the income and expenditure account on a cash received basis. c. Value Added Tax (VAT) The Trust is not registered for VAT purposes. ## **2. GOING CONCERN** The hall re-opened for use in June 2021. The Trustees consider that the Trust has adequate resources and sufficient funding to continue operating for the foreseeable future. It is therefore appropriate to adopt the going concern basis in preparing the financial statements. ## **3. TRUSTEES EMOLUMENTS** None of the Trustees are entitled to remuneration from the Trust. There were no employees of the Trust. ## **4. CAPITAL COMMITMENT** The Trustees confirm that, although there is a preferred contractor to build the proposed new back hall, they have not entered into a contract with the preferred contractor, both at the balance sheet date and also at the time of the signing of these accounts. ## **5. TRUST STATUS** The Trust is a charitable trust registered by the Charities Commission on 16[th] May 2014. The registration number is 1157076. Trevone Village War Memorial Trust – Charities Commission No. 1157076 Page **4** of **5** **Trevone Village War Memorial Hall** ## **Trevone Village Hall** |**Trevone Village Hall**|**Trevone Village Hall**| |---|---| |**Income & Expenditure for theyear ending 31st December 2021**|| ||**Designat**
**ed**
**Hall**
**Running**| ||**Building**
**Fund**
**Fund**| ||**2,021**
**2,021**
**Total**
**2021**
**Total**
**2020**| ||£'s
£'s
£'s
£'s| |**INCOME**|| |Hall Hiring Fees Collected|**-**
697
**697**
788| |Catering Sales|480
1,044
**1,524**
1,578| |Wayleave Receipt|-
21
**21**
21| |Sales of Books and Leafets|454
-
**454**
375| |Building Fund Donations|55,886
-
**55,886**
26,654| |Rafe Income|245
236
**481**
335| |Bank Interest Received|7
-
**7**
12| |**Total Income**|57,072
1,998
**59,070**
29,763| |**EXPENDITURE**|| |Cost of Catering|102
351
**453**
331| |Utilities: Electricity|**-**
273
**273**
572| |Utilities: Internet|**-**
147
**147**
0| |Utilities: Water|**-**
104
**104**
215| |Insurance - Property|**-**
907
**907**
889| |Cost of Sales - Books and Leafets|340
**-**
**340**
0| |Property Cleaning, Repairs &
Maintenance|**-**
629
**629**
413| |Costs Associated with the Building
Fund|1,686
**-**
**1,686**
130| |Asset Purchases|**-**
140
**140**
0| |Printing,Postage & Stationary|**-**
3
**3**
65| |**Total Expenditure**|2,128
2,554
**4,682**
2,615| |**Net Surplus orDefcit**|**54,944**
**-556**
**54,388**
27,148| |**Funds Brought Forward**|**84,546**
**9,104**
**93,650**
66,502| |**Funds Carried Forward**|**139,490**
**8,548**
**148,03**
**8**
93,650| Trevone Village War Memorial Trust – Charities Commission No. 1157076 Page **5** of **5**