Cheddington Village Hall Charitable Incorporated Organisation REPORT AND FINANCIAL sfATEMENTS 31 March 2026
Table of Contents Page tharity Information................................................................................. Trustees Report.................................................................................. . . Examiners Report.................................................................................... ststement of Financial Achvities............................................................. Balan Sheet.............. ... Notes to the Accounts.............................................................................
Cheddington Village Hall CIO Registered Number 1162278 Year ended 31 Narch 2026 Page I CHARITY INFORMATION Trustees K Malcolm (Chairman) A Lawson (Treasurer) CFee M Buckie K Conway K Chapman C Shepheard Changes to Trustees Prof A Johnson {resigned 24 July 20251 T Hamer (resigned 24 July 2025) Village Hall Address Cheddington Village Hall Cheddington Leighton Buzzard Beds LU7 ORU Address for corresponden li station Road Cheddingto Leighton Buzzard Beds LU7 OSG Bankers HSBC 8 Market Square Ae$bury Buckinghamshire HP20 ITW
Cheddington Village Hall CIO Registered Number 1162278 Year ended 31 Narch 2026 Page 2 TRu¥fEES' REPORT The Trustees present their report and the finanaal statements of the charity for the year ended 31 March 2026. HISTORY, OBJECTIVES AND ACTIVITIES OF THE CHARITY The Charity is a Charitable Incorporated Organisation (CIO) governed according to the Constitution dated 18 June 2015. It was established on the same date to take forward the work of the unincorporated registered charity number 1096375. The stated objertive of the charity is for the trust propety (the"Halll to be held upon trust for the benefit of the inhabitants of the parish of Cheddington, without distinction of w1itical, religious or other opinions, including use for meetings, lertures and classes and for other forms of recreation and leisure time occupation with the object of improving the condition5 of life for the said inhabitants. MANAGEMENT AND GOVERNANCE ARRANGEMENTS Management Committee The affairs of the CIO are managed by the Charity Trustees. The management and control of the Hall is vested in the Management Committee. All MberS of the Management Committee are trustees of the Charity- Elected Members of the Committee are eletted at the Annual General Neeting {AGM) and serve until the end of the following year's AGM. Village organisations that use the Hall are expected to appobnt one Representative Nember of the Committee before the AGM. These members see from the end of the AGM until the end of the followinq year's AGM. The Management Committee meets approximately every other month. Members setving on the committee during the year. K Nalcolm {ChairmaN) A Lawson (Treasurer) K Conway Representstive Member5 of village organisations serving on the committee during the year. CFee M Buckle K Chapman C Shepheard Detssions are made by simple majtsrity of votes at a meeting of the Trustees or by resolution made in writlng or in electronic form and agreed by all Trustees.
Cheddington Village Hall CIO Registered Number 1162278 Year ended 31 Narch 2026 Page 3 srATEMENT OF TRUSTEES, RESPONSIBILrriES The Charities Att 2011 requires the Trustees to prepare financial statements for each finanoal 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 of the charty for that period. In preparing these financial ststements, the Trustees are required to.. selert suitable accounting policies and apply them consistently; observe the methods and principles in the Charities SORP,. make judgments and accounting estimates that are reasonable and prudent. stste whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and prepare the finanoal statements Dn the going concem basis unless it is inappropriate to do so. The Trustees are responsible for keeping sufficient 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 Charities Art 2011. They are also responsible for safeguarding the assets of the charity and hen for taking reasonable steps for the prevention and detecbon of fraud and other irregularities. FINANCIAL REVIEW Town Lands Trust Grant The Management Committee wish to express their gratitude to the Town Lands Trust for their continued support In subsidising the hiring discount given to the village users of the Hall, and for the significant grant towards the electrical refurbishment. This support enables the Management Committee to maintain the Standards of the Hall whilst providing the Hall to users at affordable and competitive rates. Other Grants During the year, the charity received grants from the following for which the Management Committee wish to express their gratitude for. Cheddington Parish Council Cheddington Panto Group Spirit Drama Gmup Net Incoming Resources The occupancy level of the hall reduced slightly during the year resulting in a small decrease in revenue. With good cost control and the continued support from the Town Lands TrLJSt and local groups the Committee has been able to continue to invest in a number of significant maintenance projetts including electrical refurbishment, replacement heating controllbwknng system, replacement Cctv system and replament stage The five year plan previously agreed remain5 in place and the Trustees are optt"mistic that net revenues should be sustsinable at a level sufficient to maintain the repairs and refurbishment neSSary for an aging property.
Cheddington Village Hall CIO Registered Number 1162278 Year ended 31 March 2026 Page 4 RESERVES POLICY The Trv5tee5 have a policy whereby the unrestrlcted funds not committed or invested in tsngible flxed assets (the "free reseNesl held by the charity should be 6 to 9 months of the resources expended (excluding fundraising costs, depreciation and refurbishment expenditure). With this level of free reserves the Management Committee feel that they would be able to continue the current artivleS of the charity in the event of a Significant drop in income or a significant repair c05t belng inojrred. PLANS FOR FUTURE PERIODS The Trustees aCknOedge that the management of the costs of the Hall 15 a challenge and is something that is closely monitored. The Committee intends to continue Its policy of contlnued re-investment in the hall as they believe that this is one of the factors contributing to the it)creasing numbers of Hall users. Approved by the Trustees on 2510612026 and slgned on their behalf by: K. Malcolm Chairman
Docusign Envelope ID.. 43E1ACB5-569F42DF-8l58FE7F71FD222 Cheddington Village Hall CIO Registered Number 1162278 Year ended 31 March 2026 Page 5 INDEPENDENT EXAMENER'S REPORT TO THE TRUSTEES OF CHEDDINGTON VILLAGE HALL I report to the charity trustee5 on my examinatlon of the accounts of the charity for the year ended 31 March 2026. Responsibilities and basis of report As the tharity trustees of the charSty you are responslble for the preparation of the accounts In accordan wlth the requirements of the Charlties Act 20111'the Acv) I report in respect of my examinabon of the charity's accounts carried out under section 145 of the Act and In carrying out my examination I have followed all applicable Directions given by the Charlty Commi55ion under sectlon 14515) (b) of the Att. Independent Examlner's Statement I have completed my examination. I confimi that no material matters have come to my attention in connethon with the examination which gives me cause to belleve that in, any material respect: The accounknng records were not kept in accordance with section 130 of the Charitie5 Act; or The accounts dld nat accord with the accounilng records,. or The accounts dld not comp5y wlth the applicable requirements Conrning the form and content of ccounts set out In the CharStles (Accounts and Reports) Regulations 2008 other than any requlrement that the accounts glve a true and fair view which 15 not a matter considered as part of an independent examinatlon. I have no concerns and have come across no other matters in connectiort with the examination to whlch attention shoL*ld be dyawn In thls report In order to enable a proper understanding of the accounts to be reached. DOCUSe by". Slmon Speller Hillier Hopklns Accountsnts Umlted Trading as Colin Gray & Co Chartered Accovntsnts First Floor Radius House 51 Clarendon Road Watford HeNfordshire WD17 IHP Date: 30-07-2026
Cheddington Village Hall CIO Registered Number 1162278 Year ended 31 March 2026 Page 6 STATEMENT OF FINANCIAL AcfivThiES Notes Restrirted Designated Unrestricted Funds Funds Funds 2026 2026 2026 Totsl 2026 Totsl 2025 INCOMING RESOURCES Activities to further the charity's objects: Charges for Hall hire Grants receivable Deposit account interest Activities for generating funds: Fundrai5iMg events Total incoming resources 26,599 14,684 iio 41,393 26,599 14,684 iio 41,393 27,717 12,069 328 40,114 RESOURCES EXPENDED Costs of activities to further the charity's obje¢ts: Cleaning servi5 Repairs and tnaintenance Depreciatlon Insurance Heat, light and water cences Postage, telephone, stationery Honorarium Sundry expenses and loan fees 9,420 28,842 9,420 28,842 4,368 1,802 7,269 446 543 625 9,305 29,522 5,045 1,765 7,265 492 449 550 647 55,040 3,793 574 1,802 7,269 446 543 625 3,793 574 50,134 54,502 C(trsts of activities for gènérating funds.. Fundraising events Total resources expended 574 Surplusl (deflcit) for the year {3,793) (5741 18,7411 (13,109) 114,9261 Brought forward Transfer between funds 64,849 9,567 21,548 95,964 110,890 Carried forward 31" March 2026 The notes on pages 8 to 11 fomi part of these accounts.
Cheddington Village Hall CIO Registered Number 1162278 Year ended 31 March 2026 Page 7 BALANCE SHEET Notes 2026 2025 FIXED AssErs Tangible assets 70,049 74,417 CURRENf ASSETS Debtors Cash at bank and in hand 5,212 9,731 15,364 23,213 CREDITORS: Amounts falling due within one year (2,557) (1,666) NET cuRREr AssErs 12,807 21,547 TOTAL ASSEfs LESS CURRENT UABILITEES FUNDS Re5trirted Desionated Unrestricted 61,056 8,993 12,807 64,849 9,567 21,548 io li Approved by the members of the Committee on 2510612026 and signed on their behalf by K Malcolm - Chaimian A Lawson - Treasurer The notes on pages 8 to 11 form part of these accounts.
Cheddington Village Hall CIO Registered Number 1162278 Year ended 31 March 2026 Page 8 NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31st MARCH 2026 I. BASIS OF ACCOUNTING The financial statements have been prepared under the historical cost convention and in accordan with the Statement of Recommended prac.. Accounting and Reporting by Charib'es preparing their accounts in accordance with the Financial Reporting Standard app5icable in the UK and Republic of Ireland IFRS 1021 SORP FRS 102 effective l January 2019. This is a Public Benefit Entity as defined by FRS 102. INCOME Income represents amounts reiVed and receivable by the charity during the period. GRANTS Grants, including grants for the purchase of fixed assets, are recognised in full in the Ststement of Finanoal Acivities in the year in which they are ceivable. TAXATION The CIO is a charitable institution with exemption from UK taxation under section 505 of the Income and Corporation Taxes Att 1988, DEPRECIATION Depreciation is pmvided on all tangible fixed assets at rates calculated to write each asset down to its estimated residual value evenly over its expected useful life, as follows'.- Village Hall Village Hall Irnprovements Fixtures, fith.ngs and equipment 25 years straight line 25 years straight line 3 to 10 years straightlsne UNRESTRIcfED FUNDS Unrestritted funds are funds that can be used in accordan with the tharitable objects at the discretion of the M3n3gement Comm1ttee. DESIGNATED FUNDS Designated funds are funds retained for the benefit of the charity as a capitsl fund. REsfRlCtED FUNDS Restricted funds are funds that can only be used for particular restricted purposes within the objects of the charity. Restrirtions arise when spefjfied by the donor or when funds are raised for particular restiicted purposes.
Cheddington Village Hall CIO Registered Number 1162278 Year ended 31 Narch 2026 Page 9 2. GRANTS AND DONATIONS 2026 2025 Town Lands Trust Cheddington Parish Counal Other Donations 9,604 2,040 3,040 8,953 2,120 996 3. FUNDRAISING APPEALS There was no fundraising done during 2026 and 2025. 4. ANALYSIS OF EMPLOYEE COSTS 2026 2025 Salarles - cleanlng servlces Sooal Security and pension costs 8,513 255 The average number of employees during the year was l (2025- 11. 5. FIXED ASSETS Village Hall Village Hall Fixtures, Fittings and Equipment Totsls Improve- ments Cost Bmught foard Additions At 31"March 2026 79,920 102,849 61,568 244,337 102 849 Depreciation Brought forward Charge for the year At 31"March 2026 70,352 574 38,000 61,568 169,920 174 289 Net Book Value At 1st April 2025 At 31st Marth 2026
Cheddington Village Hall CIO Registered Number 1162278 Year ended 31 March 2026 Page 10 6. DEBTORS 2026 2025 Amounts due for the hire of the Hall Grants receivable Prepayments and other debtors 1,979 1,336 2,273 1,418 7. CREDITORS 2026 2025 Accruals Deposits for the hire of the Hall 786 796 870 8. ANALYSIS OF NET ASSETS BEfwEEN FUNDS Restricted Funds 2026 Designated UnresthLted Funds Funds 2026 2026 Total 2026 Total 2025 Tangible fixed assets Debtors Cash and bank Creditors lance at 31¥ March 2026 61,056 8,993 70,049 5,212 10,152 74,417 9,731 13,482 5,212 10,152 9. RESTRicfED FUNDS 2026 2025 Balance at 14 April 2025 Net reiVed In the year Transferred from unrestricted funds Depreciation on restrirted assets in the year Balance at 31" March 2026 64,849 68,196 222
Cheddington Village Hall ao RIStered Number 1162278 Year ended 31 March 2026 Page 11 10. DESIGNATED FUNDS 2026 2025 lance at I'April 2025 Depretsation on designated assets in the year B31ance at 31. March 2026 9,567 574 10,365 798 11. UNREsfRIcfED FUNDS 2026 2025 lance at 1st April 2025 Received in the year Transferred to restricted funds Depreciation on unrestricted assets in the year Balance at 31st March 2026 21,548 {8,7411 32,328 (9,8811 (2221 677 12. FUTURE CommMENTs The Trustees have no material future commitments as at 31st March 2026 other than those shown in the accounts.