## **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 Trevone Village War Memorial Trust – Charities Commission No. 1157076 Page **2** of **5** ## **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 Trevone Village War Memorial Trust – Charities Commission No. 1157076 Page **3** of **5** ## **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. Trevone Village War Memorial Trust – Charities Commission No. 1157076 Page **6** of **5** 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 prep￿ing 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 f￿anCial 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 T￿￿t¢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