**Charity registration number 1161350** **Company registration number 09357351 (England and Wales)** **Lakenheath Peace Memorial Hall Annual report and unaudited financial statements For the year ended 31 March 2024** ## **LAKENHEATH PEACE MEMORIAL HALL** ## **LEGAL AND ADMINISTRATIVE INFORMATION** ## **Trustees** Mr E Little Ms V Little Ms C Mallett Mr A Stockton Ms S Woodhead **Charity number Company number Registered office** 1161350 09357351 98 High Street Lakenheath Brandon Suffolk IP27 9EW ## **Independent examiner** Hayden Watson Elstree House Watson's Yard High Street Cottenham Cambridge CB24 8RX **LAKENHEATH PEACE MEMORIAL HALL** ## **CONTENTS** ||**Page**| |---|---| |Trustees' report|1 - 2| |Statement of trustees' responsibilities|3| |Independent examiner's report|4| |Statement of fnancial activities|5| |Balance sheet|6| |Notes to the fnancial statements|7 - 15| ## **LAKENHEATH PEACE MEMORIAL HALL** ## **TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)** _**FOR THE YEAR ENDED 31 MARCH 2024**_ The trustees present their annual report and financial statements for the year ended 31 March 2024. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's [governing document], the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). ## **Objectives and activities** ## _Public benefit_ The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake. The charity exists to run the village hall for the benefit of the people of Lakenheath. Towards that end, it endeavours to run the letting of the hall efficiently, to maintain the premises to a high standard and to create a place that village people will want to use. ## **Financial review** The net result for the year was a deficit of £4,928 (2023 surplus of £6,742). The charity is very grateful to The Village Hall Limited for their donation of £7,000. ## _Reserves policy_ It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year. ## **Structure, governance and management** The organisation is a charitable company limited by guarantee, incorporated on 16 December 2014, and registered as a charity, taking over from the charity with the same name. The Company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. In the event of the company being wound up, members are required to contribute £1 each The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were: Mr E Little Ms V Little Ms C Mallett Mr A Stockton Ms S Woodhead ## _Recruitment and appointment of trustees_ - 1 - ## **LAKENHEATH PEACE MEMORIAL HALL** The directors may be appointed at a general meeting of the Charity so long as the total number does not exceed 12. All members of the Management Committee give their time voluntarily and receive no benefits from the charity. ## **TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2024**_ The company's current policy concerning the payment of trade creditors is to follow the CBI's Prompt Payers Code (copies are available from the CBI, Centre Point, 103 New Oxford Street, London WC1A 1DU). The company's current policy concerning the payment of trade creditors is to: - settle the terms of payment with suppliers when agreeing the terms of each transaction; - ensure that suppliers are made aware of the terms of payment by inclusion of the relevant terms in contracts; and · pay in accordance with the company's contractual and other legal obligations. Trade creditors of the company at the year end were equivalent to XX day's purchases, based on the average daily amount invoiced by suppliers during the year. The trustees' report was approved by the Board of Trustees. .............................. Ms V Little **Trustee** Date: ............................................. - 2 - ## **LAKENHEATH PEACE MEMORIAL HALL** ## **STATEMENT OF TRUSTEES' RESPONSIBILITIES** ## _**FOR THE YEAR ENDED 31 MARCH 2024**_ The trustees, who are also the directors of Lakenheath Peace Memorial Hall for the purpose of company law, are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company Law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year. In preparing these financial statements, the trustees are required to: - select suitable accounting policies and then apply them consistently; - observe the methods and principles in the Charities SORP; - make judgements and estimates that are reasonable and prudent; - state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements 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. - 3 - ## **LAKENHEATH PEACE MEMORIAL HALL** ## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF LAKENHEATH PEACE MEMORIAL HALL** I report to the trustees on my examination of the financial statements of Lakenheath Peace Memorial Hall (the charity) for the year ended 31 March 2024. ## **Responsibilities and basis of report** As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act). Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity’s financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act. ## **Independent examiner's statement** I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: - 1 accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or - 2 the financial statements do not accord with those records; or - 3 the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or - 4 the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached. ## **Hayden Watson** Elstree House Watson's Yard High Street Cottenham Cambridge CB24 8RX Dated: ......................... ## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT** - 4 - ## **LAKENHEATH PEACE MEMORIAL HALL** ## _**FOR THE YEAR ENDED 31 MARCH 2024**_ |||**Unrestricted **|**Unrestricted **|**Restricted**|**Total**|**Unrestricted **|**Restricted**|**Total**| |---|---|---|---|---|---|---|---|---| ||||**funds**|**funds**||**funds**|**funds**|| ||||**2024**|**2024**|**2024**|**2023**|**2023**|**2023**| ||**Notes**||**£**|**£**|**£**|**£**|**£**|**£**| |**Income from:**||||||||| |Donations and legacies|**3**||7,000|80|7,080|9,174|3,113|12,28| |||||||||7| |Charitable activities|**4**||21,610|-|21,610|22,406|217|22,62| |||||||||3| |**Total income**
**Expenditure on:**|||28,6
10|8
0|28,6
90|31,5
80|3,3
30|34,9
10| |Raising funds|**5**||273|-|273|469|-|469| |Charitable activities|**6**||33,217|128|33,345|25,464|2,235|27,69| |||||||||9| |**Total expenditure**
**Net income/(expenditure)**|||(4,880)
33,4
90|(48)
12
8|(4,928)
33,6
18|5,647
25,9
33|1,095
2,2
35|6,742
28,1
68| |Transfers between funds|||1,930|(1,930)|-|(167,040)|167,040|-| |**Net movement in funds**|||(2,950)|(1,978)|(4,928)|(161,393)|168,135|6,742| |**Reconciliation of funds:**||||||||| |Fund balances at 1 April 2023|||42,606|168,135|210,741|203,999|-|203,99| |||||||||9| |**Fund balances at 31 March**||**2024**|39,6
56|166,1
57|205,8
13|42,6
06|168,1
35|210,7
41| The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. - 5 - ## **LAKENHEATH PEACE MEMORIAL HALL** ## **BALANCE SHEET** ## _**AS AT 31 MARCH 2024**_ |**Fixed assets**
**Notes**
Tangible assets
**11**
Investments
**12**
**Current assets**
Debtors
**13**
Cash at bank and in hand
**Creditors: amounts falling due within**
**one year**
**14**
**Net current assets**
**Total assets less current liabilities**
**Net assets excluding pension liability**
**The funds of the charity**
Restricted income funds
**15**
Unrestricted funds|**2024**
**£**
3,235
37,734
40,969
(1,314)|**£**
166,157
1
166,158
39,655
205,813
205,813
166,157
39,656
205,813|**2023**
**£**
**£**
166,15
7
1
166,15
8
2,782
43,034
45,816
(1,233)
44,58
3
210,74
1
210,74
1
168,13
5
42,60
6
210,741|**£**
166,15
7
1| |---|---|---|---|---| |||||166,15
8
44,58
3| |||||210,74
1| |||||210,74
1| |||||168,13
5
42,60| The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2024. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476. - 6 - ## **LAKENHEATH PEACE MEMORIAL HALL** These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. The financial statements were approved by the trustees on ......................... .............................. Ms V Little **Trustee** Company registration number 09357351 (England and Wales) ## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 31 MARCH 2024**_ ## **1 Accounting policies** ## **Charity information** Lakenheath Peace Memorial Hall is a private company limited by guarantee incorporated in England and Wales. The registered office is 98 High Street, Lakenheath, Brandon, Suffolk, IP27 9EW. ## **1.1 Accounting convention** The financial statements have been prepared in accordance with the charity's [governing document], the Companies Act 2006, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102. The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows. The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below. ## **1.2 Going concern** At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements. ## **1.3 Charitable funds** Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives. Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity. ## **1.4 Income** Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. - 7 - ## **LAKENHEATH PEACE MEMORIAL HALL** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** ## _**FOR THE YEAR ENDED 31 MARCH 2024**_ Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset. ## **1 Accounting policies** ## **(Continued)** ## **1.5 Expenditure** Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use. ## **1.6 Tangible fixed assets** Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases: Freehold land and buildings Not depreciated The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities. ## **1.7Fixed asset investments** Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year. Transaction costs are expensed as incurred. A subsidiary is an entity controlled by the charity. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities. ## **1.8Impairment of fixed assets** At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). ## **1.9 Cash and cash equivalents** Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. - 8 - ## **LAKENHEATH PEACE MEMORIAL HALL** ## **1.10Financial instruments** The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments. Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. - 9 - ## **LAKENHEATH PEACE MEMORIAL HALL** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2024**_ ## **1 Accounting policies** ## **(Continued)** ## _**Basic financial assets**_ Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. ## _**Basic financial liabilities**_ Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. ## _**Derecognition of financial liabilities**_ Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled. ## **1.11Employee benefits** The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received. Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits. ## **2 Critical accounting estimates and judgements** In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. **3 Income from donations and legacies** |**Unrestricted Restricted**
**funds**
**funds**
**2024**
**2024**
**£**
**£**
Donations and gifts
7,000
80
Grants
-
-
7,0
00
8
0|**Total**
**Unrestricted Restricted**
**Tot**
**al**
**funds**
**funds**
**2024**
**2023**
**2023**
**202**
**3**
**£**
**£**
**£**
**£**
7,080
9,174
881
10,05
5
-
-
2,232
2,23
2
12,287
7,0
80
9,1
74
3,1
13|**Tot**
**al**
**202**
**3**
**£**
10,05
5
2,23| |---|---|---| |||2| - 10 - ## **LAKENHEATH PEACE MEMORIAL HALL** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2024**_ ## **4 Income from charitable activities** |**Unrestricted**
**Restricted**
**funds**
**funds**
**2024**
**2024**
**Charitable income**
**£**
**£**
Hall hire
9,877
-
Charitable rental income
11,733
-
21,610
-|**Total**
**Unrestricted Restricte**
**d**
**Total**
**funds**
**funds**
**2024**
**2023**
**2023**
**2023**
**£**
**£**
**£**
**£**
9,877
19,523
217
19,740
11,733
2,883
-
2,883
21,610
22,406
22,623
21
7| |---|---| ## **5 Expenditure on raising funds** |||**Unrestricted**|**Unrestricted**|**Unrestricted**| |---|---|---|---|---| |||**Unrestricted**||**funds**| |||||**funds**| |||**2024**||**2023**| |||**£**||**£**| ||**Fundraising and publicity**|||| ||Other fundraising costs|273||469| |**6 **|**Expenditure on charitable activities**|||| |||**Charitable**|**Charitabl**|| |||**expenditure**|**e**|| ||||**expenditu**|| ||||**re**|| |||**2024**||**2023**| |||**£**||**£**| ||**Direct costs**|||| ||Equipment|2,791||1,554| ||Rates|1,445||2,384| ||Cleaning|3,781||3,789| ||Light, Power and Heating|4,350||4,259| ||Repairs and Maintenance|16,463|11,652|| ||Computer software and consumables|404||404| ||Insurance|1,232||1,112| ||Postage|2||-| ||Printing and stationery|107||60| ||Telephone|833||734| ||Subscriptions|455||136| ||Sundry|419||478| |||32,282|26,562|| **Share of support and governance costs (see note 7)** - 11 - ## **LAKENHEATH PEACE MEMORIAL HALL** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2024**_ |Governance
**Analysis by fund**
Unrestricted funds
Restricted funds
**7 Support costs allocated to activities**
Governance costs
**Analysed between:**
Charitable expenditure|1,063
1,137
33,345
27,699
33,217
25,464
128
2,235
33,345
27,699
**2024**
**2023**
**£**
**£**
1,063
1,137
1,063
1,137|1,063
1,137
33,345
27,699
33,217
25,464
128
2,235
33,345
27,699
**2024**
**2023**
**£**
**£**
1,063
1,137
1,063
1,137| |---|---|---| |||**2023**
**£**
1,137| |||1,137| ## **8 Trustees** None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year. ## **9 Employees** The average monthly number of employees during the year was: ||**2024**|**2023**| |---|---|---| ||**Number**|**Number**| |Total|-|-| There were no employees whose annual remuneration was more than £60,000. ## **Remuneration of key management personnel** The remuneration of key management personnel was as follows: ## **10 Taxation** The charity is exempt from taxation on its activities because all its income is applied for charitable purposes. ## **11 Tangible fixed assets** |**angible fxed assets**|| |---|---| ||**Freehold**| ||**land and**| ||**buildings**| ||**£**| |**Cost**|| |At 1 April 2023|166,157| - 12 - ## **LAKENHEATH PEACE MEMORIAL HALL** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2024**_ |At 31 March 2024
**Carrying amount**
At 31 March 2024
At 31 March 2023
**12 Fixed asset investments**
**Cost or valuation**
At 1 April 2023 & 31 March 2024
**Carrying amount**
At 31 March 2024
At 31 March 2023
**12**
**Fixed asset investments**
Other investments comprise:
**Notes**
Investments in subsidiaries
**19**
**13**
**Debtors**
**Amounts falling due within one year:**
Trade debtors
**14**
**Creditors: amounts falling due within one year**
Trade creditors
Amounts owed to subsidiary undertakings
Accruals and deferred income|166,157
~~166,157~~
166,157
**Oth**
**er**
**investme**
**nts**
**£**
1
1
**(Continue**
**d)**
**2024**
**2023**
**£**
**£**
1
1
**2024**
**2023**
**£**
**£**
3,235
2,782
**2024**
**2023**
**£**
**£**
81
-
142
142
1,091
1,091
1|166,157
~~166,157~~
166,157
**Oth**
**er**
**investme**
**nts**
**£**
1
1
**(Continue**
**d)**
**2024**
**2023**
**£**
**£**
1
1
**2024**
**2023**
**£**
**£**
3,235
2,782
**2024**
**2023**
**£**
**£**
81
-
142
142
1,091
1,091
1| |---|---|---| |||**2023**
**£**
2,782| |||**2023**
**£**
-
142
1,091| - 13 - ## **LAKENHEATH PEACE MEMORIAL HALL** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2024**_ |1,3
14|1,2| |---|---| ||33| ## **15 Restricted funds** The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used. ||**At 1 April 2023**|**Incoming**|**Resources**|**Transfers**|**At 31**| |---|---|---|---|---|---| |||**resources**|**expended**||**March**| ||||||**2024**| ||**£**|**£**|**£**|**£**|**£**| |Community Kitchen Warm Room|1,978|80|(128)|(1,930)|-| |Fixed Asset Reserve|166,157|-|-|-|166,157| |**Previous year:**|168,135
**At 1 April 2022**|**Incoming**
8
0|**Resources**
(12
8)|**Transfers**
(1,9
30)|166,157
**At 31**| |||**resources**|**expended**||**March**| ||||||**2023**| ||**£**|**£**|**£**|**£**|**£**| |Community Kitchen Warm Room|-|2,330|(1,095)|743|1,978| |New Path|-|1,000|(1,140)|140|-| |Fixed Asset Reserve|-|-|-|166,157|166,157| |**nrestricted funds**|-|3,3
30|(2,2
35)|167,040|168,135| ## **16 Unrestricted funds** The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes. |**At 1 April 2023**
**Incoming**
**Resources**
**TransfersAt 31**
**resources**
**expended**
**£**
**£**
**£**
**£**
General funds
42,606
28,610
(33,490)
1,930
**Previous year:**
**At 1 April 2022**
**Incoming**
**resources**
**Resources**
**expended**
**Transfers**
**£**
**£**
**£**
**£**
General funds
203,999
31,580
(25,933)
(167,040)|**March**
**2024**
**£**
39,656| |---|---| ||**At 31**
**March**
**2023**
**£**
42,606| **17 Analysis of net assets between funds** **Unrestricted Restricted Total** - 14 - ## **LAKENHEATH PEACE MEMORIAL HALL** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** ## _**FOR THE YEAR ENDED 31 MARCH 2024**_ ||**funds**|**funds**|| |---|---|---|---| ||**2024**|**2024**|**2024**| ||**£**|**£**|**£**| |**At 31 March 2024:**|||| |Tangible assets|-|166,157|166,157| |Investments|1|-|1| |Current assets/(liabilities)|39,655|-|39,655| ||39,6
56|166,157|205,813| ||**Unrestricted**|**Restricted**|**Total**| ||**funds**|**funds**|| ||**2023**|**2023**|**2023**| ||**£**|**£**|**£**| |**At 31 March 2023:**|||| |Tangible assets|-|166,157|166,157| |Investments|1|-|1| |Current assets/(liabilities)|42,605|1,978|44,583| ||42,6
06|168,135|210,741| ## **18 Related party transactions** There were no disclosable related party transactions during the year (2023 - none). ## **19 Subsidiaries** |Details of the charity's subsidiaries at 31|Details of the charity's subsidiaries at 31|March 2024 are as follows:||| |---|---|---|---|---| |**Name of undertaking**|**Registered**|**Nature of business**|**Class of**|**% Held**| ||**ofce**||**shares held**|**Direct**| |||||**Indirect**| |The Village Hall Limited|UK|Trading|Ordinary|100.00| - 15 -