TRUSTEES’ REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31[ST] DECEMBER 2022
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 2022
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 2022 are stated on Page 4. There was a surplus for the year of £84,971 (2021: Surplus of £54,388).
POST BALANCE SHEET EVENTS AND FUTURE DEVELOPMENT
The Trustees have received three quotations for the rebuilding of the Hall. At the date of signing these accounts, although they have not legally signed any contract, they are minded to accept one for a total of £264,100. At 31[st] December 2022 cash balances to fund this work were £224,160 and at 6[th] July 2023 were £239,390. The Trustees are satisfied that they have, and will have, sufficient funds available to meet the building costs as and when they fall due.
GOING CONCERN
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 and to the date of this Report.
Frances Trenouth (Chairperson) Patricia Hall (Secretary) Clive Walley (Treasurer) Sue Bird Joanna Cooper (appointed 25[th] May 2023) Julia Turner Kathryn Kent (appointed 17[th] November 2022) Moira Walley
Trevone Village War Memorial Trust – Charities Commission No. 1157076 Page 1 of 5
Trevone Village War Memorial Hall
TRUSTEES’ REPORT FOR THE YEAR ENDED 31[ST] DECEMBER 2022
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 statements 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 19[th] July 2023.
FRANCES TRENOUTH Chairperson
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Trevone Village War Memorial Hall
Balance Sheet as at 31st December 2022
| Net Current Assets Stock of Books and Leafets Bank Balances & Cash Less Creditors & Pre receipts Total Net Assets Financed By General Reserves Building Reserves Total Reserves |
2022 2021 £ £ 210 234 233,117 1 48,122 (318) (318) |
|---|---|
| 233,009 148,038 |
|
| 8,553 8,548 224,456 1 39,490 |
|
| 233,009 14 8,038 |
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
19th July 2023
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Trevone Village War Memorial Hall
Trevone Village Hall
Income & Expenditure as at 31st December 2022
| Income Hall Hiring Fees Collected Catering Sales Wayleave Receipts Trevone Story of a Village - Sales Building Fund Donations Rafe Income Bank Interest Received Total Income Expenditure Cost of Catering Utilities: Electricity Utilities: Internet Utilities: Water Insurance - Property Rafe & Event prizes Bought Property Cleaning, Repairs & Maintenance Costs Associated with the Building Fund Asset Purchases Printing, Postage & Stationary Total Expenditure Net Surplus Funds Brought Forward Funds Carried Forward |
Designat ed Building Fund Hall Running Fund 2022 2022 Total 2022 Total 2021 £'s £'s £'s £'s - 1,193 1,193 697 2,331 1,837 4,168 1,524 - 21 21 21 64 - 64 454 82,218 - 82,218 55,886 923 320 1,243 481 71 - 71 7 |
|---|---|
| 85,607 3,371 88,978 59,070 |
|
| 352 435 787 453 - 876 876 273 - 455 455 147 - 159 159 104 - 953 953 907 24 - 24 340 - 252 252 629 225 - 225 1,686 40 200 240 140 - 36 36 3 |
|
| 641 3,366 4,007 4,682 |
|
| 84,966 5 84,971 54,388 139,490 8,548 148,03 8 93,650 |
|
| 224,456 8,553 233,00 148,03 |
Trevone Village War Memorial Trust – Charities Commission No. 1157076 Page 4 of 5
Trevone Village War Memorial Hall Trevone Village War Memorial Tnist- Charities Commission No. 1157076 Page5of5
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 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. CREDITORS
Creditors represent a refundable deposit made in 2018 by the now-defunct Trevone Youth Group.
4. TRUSTEES EMOLUMENTS
None of the Trustees are entitled to remuneration from the Trust. There were no employees of the Trust.
5. CAPITAL COMMITMENT
The Trustees have received three quotations for the rebuilding of the Hall. At the date of signing these accounts, although they have not legally signed any contract, they are minded to accept one for a total of £264,100. At 31[st] December 2022 cash balances to fund this work were £224,160 and at 6[th] July 2023 were £239,390. The Trustees are satisfied that they have, and will have, sufficient funds available to meet the building costs as and when they fall due.
6. TRUST STATUS
The Trust is a charitable trust registered by the Charities Commission on 16[th] May 2014. The registration number is 1157076.
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Trevone Village War Memorial Hall Trevone Village War Memorial Tnist- Charities Commission No. 1157076 Page7of5
Trevone Village War Memorial Hall TRUSTEES, REPORT ST FOR THE YEAR ENDED 31 DECEMBER 2022 TRUSTEES RESPONSIBILITIES The Trustees are Tesponsible for preping the Trustees Report and the Financial Statements in accordance with applicable law and reoulations. The Truslees have elected to prepare the fllwcial statements in accordance wTrth United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounling SLqndards and applicable law)- In preparing those financia] statements, th¢ Tn$ have:_ Selected suitable accounting EY)licies and applied them consistently Made judgements and estlmates that are r&qsonable and prudent Prepared the fanCial statements 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 r¢eords that are sufficient to show and explain the position of the Trust's tran&2ctions and disclose with r&asonable accwac}' at any time the financial EKisition 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 Trnstees Report has been prepared using conventional accounting practices. The report w&s accepted by the Tt¢S on 19 July 2023. FRANCES TRENOUTH Chairperson Trevone Village War Memorial Tn- Charities Commission No. 1157076 Page 2 of 5
Trevone Village War Memorial Hall Balance Sheet as at 31st December 2022 2022 2021 Net Current Assets Stock of Books and Leaflets 210 234 Bank Balances & Cash 233.117 148,122 Less Creditors & Pre receipts {3181 {3181 Total Net Assets 233.LX19 148.038 Financed By General Reserves 8.553 8.548 Building Reserve5 224,456 139,490 Total Reserves 233.IM)9 148.038 Independent Examinerfs 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 confinn that they accord with the accounting records of the TnLSt. Nothing has come io my attention to indicate that there is any material mis-statement in these accounts. I have not perfonned an audit. HM SAUNDERS FCA 19th July 2023 Trevone Village War Memorial Trust- Charities Commission No. 1157076 Page 3 of 5