Registered number. 09364801 Charity number. 1160953 Champness Hall Trust UNAUDITEO FINANCIAL STATEMENTS FOR THE YEAR ENDED 3111212024 Champness Hall Trust FINANCIAL STATEMENTS FOR THE YEAR ENDED 3111212024 TRUSTEES Miss Alison Barrow (resigned 14101120251 Mr Stephen Duckworth (resigned 1410112025) Ir Barry Worrall Mr Calluin Jones Mrs Gemma Johnson lappoinled 1110712024) Mr Michael Johnson (appoinled 11107120241 SECRETARY Mr Stephen Duckworth REGISTERED OFFICE Charripness Hall Drake Street Rochdale Lancashire OL16 1P8 COMPANY NUMBER 093648Q1 CHARITY NUMBER 11609il 3 ACCOUNTANTS Gibsons Accountanls Ltd Chartered Accountants 226 Oldhani Road Roclidale Lancashire OL112ER page 1 Champness Hall Trust ACCOUNTS FOR THE YEAR ENDED 3111212024 CONTENTS Page Report of the Trustees Independent Examiner's Slatemenl Slalemenl of Financial Activities Balance Sheet Notes lo the Accounts 10t0 13 page 2 Charnpness Hall Trust FOR THE YEAR ENDED 3111212024 TRUSTEES, REPORT The trustees presenl their report and accounts for the year ended 3111212024 PRINCIPAL ACTIVITIES The principal activity of the charity in the year under review was the use of Champness Hall for the benefit of the residents of Rochdale and the surrounding ai"ea. STRUCTURE GOVERNANCE AND MANAGEMENT Sti'ucture... The Charity is a company limited by guarantee and is registered a5 a charity with the Charities Commission. Organisatlonal Structure :. The Charity is run by the Trustees who are also directors of the Charity for the purpose of company law. The Trustees make all decisions affecting the strategy, finance and management of the Trust, during the period the Trustees were.. Miss Alison Barrow (resigned 14101120251 Mr Sleplien Duckworth Iresigned 14101120251 Mr Barry Wurrall Mr Callum Jones Mrs Gemma Johnson lappoinled 11107120241 Mr Michael Johnson (appointed 1110712024) The Registered office and principal address is Champness Hall, Drake Street, Rochdale, OL16 1PB. Business advisors Bankers:_ Royal Bank of Scotland Solicilors'.- Molesworth Bright Clegg page 3 Champness Hall Trust FOR THE YEAR ENDED 3111212024 TRUSTEES. REPORT Trustee Recruitment & Training.." Trustees are recruited from individuals already familiar with the charities work. they are invited to meetings and encouraged lo attend training sessions covering the obligations and responsibilities of Trustees. Risk Review... The Iruslees have conducted a financial risk assessment of the major risks lo which the Charity is exposed and systems have been established lo minimise those risks. Aims and Objectives.. . The Charities principal objective as sel out in the Memorandum of Association are lo further or benefit the residents of Rochdale and the surrounding area by providing facilities i.e. Champne5s Hall for the common effort of advancing education, social welfare and improving the conditions of life for the residents of Rochdale and the surrounding areas. The Trustees consider this to fall within the guidance on the public benefit requirements under the Charities Act 2011. Strategies., The Trustees are looking lo promote the building. its history and to make Champness Hall a hub for the community and ils residents, they are looking to use the faC￿lItIeS for music and social events for the Rochda18 community. Achievements and performanco.. . The trusts funding has come from rent and services charges lo the lenan15 of Champness Hall. whom are mainly charitable organisalions. The aim of the trust is to build up the charities reseNes so that il will be able to maintain the building and improve the fa¢ililies and further ils objectives. The Charity had a net surplus during the year of £2.227 {surplus 2023 £ 3,0311 which has been added lo reserves. page 4 Champness Hall Trust FOR THE YEAR ENDED 3111212024 TRUSTEES. REPORT Trustees, responsibility for the accounts The Iruslees (who are directors of the company for the purposes of company lawl are responsible for preparing the Trustees Report and the financial statements in accordance with applicable laws and regulations. Company law requires the trustees lo prepare financial statements for each financial year. Under that law the directors have elected lo prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable lawl. Under company law the directors musl not approve the financial slalemenls unless they are satisfied that they give a true and fair view of the stale of affairs of the charity and the income and expenditure for that period. In preparing those financial slalemenls, the Iruslees are required lo.. 'Selecl suitable accounting policies and apply them consistently.. Make judgements and eslimales that are reasonable and prudent., Prepare the accounts on the going concern basis unless il is inappropriate to presume that the charity will continue in operation. The trltstees are responsible for maintaining proper accounting records which disclose with reasonable accuracy al any lime the financial position of the charity and lo enable them lo ensure that the financial slalemenls comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. In accordance with company law, as the company's directors, we confirm Ihal.. The report was prepared in accordance with the special provisions within Part 15 of the Companies Act 2006. This report was approved by the Board of Trustees on 1510912025. Mr Stephen Duckworth Company Secretary page 5 Champness Hall Trust INDEPENDENT EXAMINER'S STATEMENT FOR THE YEAR ENDED 3111212024 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CHAMPNESS HALL TRUST I report on the accounts ol the company for the year ended 3111212024. RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER The Iruslees (who are also the directors of the company for the purposes of company lawl are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144{2) of the Charities Act 2011 (the 2011 Acll and that an independent examination is needed. Having satisfied myself that the charity is not subject lo an audit under company law and is eligible for independent exaininalion. It is my responsibility to". examine the accounts under section 145 of the 2011 Act., follow the procedures laid down in the general Directions given by the Charity Commission under section 145{51{b} of the 2011 Act,. and slate whether particular mallers have come lo my attention. BASIS OF INDEPENDENT EXAMINERS STATEMENT My examination was cari.ied out in accordance with general directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented will) those re¢ords.11 also includes consideration of and unusual items or disclosure in the accounts, and seeking explanations form the directors concerning any iuch mallers. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the accoLinls. INDEPENDENT EXAMINERS STATEMENT In connection with my examiiialion, no matter has come lo my allenlion.. I l > which gives me reasonable cause to believe that in any material respect the requirements.. lo keep accounting re¢ords in accordance with section 388 of the Companies Act 2006., and lo prepare accounts which accord with the accounting records, comply with the a¢counling requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice. Accounting aiid Reporting by Charities -121 lo which in my opinioii, attention should be drawn in order to enable a proper understanding of the accounts lo be reached. Dale.. 1510912025 David Gibson A.C.A. Gibsons Accountants Ltd Chartered Accounlanls 226 Oldham Road Rochdale Lancashire OL112ER page 6 Champness Hall Trust Statement of Financial Activities for the year ended 3111212024 2024 2023 Nfile Unrestricted Restricted funds fund5 Total Total Income Income from generated funds Grants 13,965 13,965 69,969 83,934 Income from charitable activities Total Incoine and endowments 69,969 69,969 70.253 13,965 70.253 Expenses Costs of generating funds Expenditure on Charitable activities Total Expenses Net gains on investments Net Income 12 67,742 67,742 13,965 13,965 81,707 67,222 81,707 67,222 2,227 2.227 3,031 Gainslllossesl on revaluation of fixed assets Nèt movement in funds: Net income for the year Total funds brought fomard Net funds carried forward 2,227 875,610 2,227 3,031 875,610 872,579 877,837 875.610 877,837 This statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities page 7 Champness Hall Trust BALANCE SHEET AT 3111212024 2024 2023 Notes FIXED ASSETS Tangible assets 800,194 800, 259 CURRENT ASSETS Debtors lamounls falling due within one year) Cash at bank and in hand 413 113.886 114,299 36,656 82,881 82,881 7,530 CREDITORS: Amounts falling due within one yèar NET CURRENT ASSETS 77,643 877,837 75,351 875,610 TOTAL ASSETS LESS CURRENT LIABILITIES CAPITAL AND RESERVES Unrestricted funds General fund Designated funds 855,102 22,735 877,837 839,015 36,595 875,610 For the year ending 3111212024 the Company was enlilled lo exemption under section 477 of the Companies A¢1 2008 relating lo small companies. The members have not required the company lo obtain an audit in accordance with section 476 of the Companies Act 2006. The dire¢lors acknowledge their responsibilities for complying with the requirements of the Act with respect lo accounting records and the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject lo the small companies, regime. Approved by the board of trustees on 1510912025 and signed on their behalf by: 'I'i'uslee page 8 Champness Hall Trust NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 3111212024 1. ACCOUNTING POLICIES la. Basis of Accounting The accounts have been prepared under the historical cost convention. The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 and the requirements of the Statement of Recommended Practice. Accounting and Reporting by Charities. 1b. Incomlng Resources All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled lo the income and the amount can be quantified with reasonable accuracy. Donations are included at cost or valuation. 1c. Resources Expended Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related lo the category. Where costs caiinol be directly allributed lo particular headings they have been allocated lo activities on a basis consislenl with the use of resources. 1d. Allocation And Apportionment Of Costs All costs relate lo the single activity of the charitable Company and are recognised accordingly. le. Fund Accountlng Unreslricled funds can be used in accordance with the charitable objectives al the discretion of the Iruslees. Reslricled fuiids can only be used for particular restricted purposes within the objects of the charity. Reslriclions arise when specified by the donor or when funds are raised for particular reslricled purposes, Designated funds are funds sel aside by the truslees out of unre5tricled general funds for the specific future purposes or projects. 1f. Depre¢iation Depreciation has been provided at the following rates in order to write off the as5els over their eslimaled useful lives. Land & Buildings Lquipinenl O'/0 25 % reducing balance page 9 Champness Hall Trust lg. Revenue Recognition Income represents the invoiced value of rents and services supplied by the company. 2. EMPLOYEES 2024 2023 No. Average number of employees None of the Trustees have received any remuneration or any benefits from the charity. Trustee expenses are detailed in note 9 3. TANGIBLE FIXED ASSETS Land And Buildings Equipment Total Cost AI 0110112024 800,000 462 800,482 800,462 AI 3111212024 800,000 462 Depreciation AI 0110112024 For the year At 3111212024 203 203 65 65 268 268 Net Book Amount8 At 3111212024 800,000 194 800,194 AI 3111212023 800.000 259 800,259 Land and Buildings '. No depreciation is charged as the trustees consider the carrying value is a fair value for the land and buildings, given its current condition. 4. DEBTORS 2024 2023 Amounts falling due wilhin one year.. Other debtors 413 413 page10 Champness Hall Trust 5. CREDITORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Other creditors - acciuals & deferred income 36,656 36,656 7. 530 7, 530 6. LIMITED BY (?UARANTEE The company is limited by guarantee and does not have a share capital. Each member gives a guarantèe lo contribute a sum not exceeding £1. to thè ¢ompany should il be wound up. At 3111212024 there were 4 members. 7, UNRESTRICTED FUNDS Brought forward Incoming resources Outgoing resources Carried forward Transfers General fund Building Fund 839,015 36,595 875.610 69,969 153,882) 113,8601 167.742) 855.102 22,735 877,837 69,969 Building Fund The buildii)g fund is a designaled fund for the improvement of the facilities and amenities. 8. RESTRICTED FUNDS Brought forward Incoming resourcos Outgoing Traiislers resources Carried forward RMBC- Heritage Action Zone 13,965 113,965) 13,965 113.965} RMBC - Heritage Action lone This fund provides funding for the renovation works on Charnpness Hall. National Lottery Communities Fund This fund provides funding for staff salaries. page11 Champness Hall Trust 9. TRUSTEES EXPENSES During the year the trustees received travel expenses as follows.. 2024 2023 Mr Steven Duckworth £247 Mr Barry Worrall £74 10. INDEPENDENT EXAMINER The independent examiner ieceived fees of £1,500 (2023 £1,410) for the preparation and examination of the accounts. 11. ANALYSIS OF INCOMING RESOURCES 2024 2024 2024 2023 Iln restricted Restricted Fiiiids Fuiids 'roti)I Incoming resources Fiii)ds Incomlng resources from generated funds- Grants RM BC Heritage Action Zoiie 13,96.f 13,965 Incorning resources f rom ¢haritable activities Rents & service Charges Events 68,019 1,950 68,019 1,950 70,253 69,969 13,985 83,934 71,253 page 12 Champness Hall Trust 12. ANALYSIS OF RESOURCES EXPENDED 2024 2024 2024 2023 U nre5tricted Restricted Funds Tiild I T()Icil Fund Fuiicls Costs of Charitsble Activities Advertising & sponsorship R8tes 259 259 442 1,422 7,299 1,930 22,501 3,800 15,552 1,040 1,422 7.299 320 Insuraric Water rates Heal & light Cleaning Repairs & renewals Casual wages Training Website costs 5,751 1,930 1,857 22,501 14,342 3,800 4,359 29,517 34.607 1,040 13,965 390 205 205 42 Trustees travel expenses PoslciiJe Consultancy fees Telephone Depreciation of equipment Sundry expenses 74 74 247 26 26 9,348 2,559 65 9,348 2,559 65 2, 774 87 363 64 li4 66,144 13,965 80,109 65.575 2024 2024 2024 2023 Unrestricted Funds Restricted Tolnl Fuiids T(Il