REGISTERED COMPILYY N'UMBER.. 08237805 (EDgl8nd Wales) REGJSTERED CHARITY NUMBER.. 1164026 REPORT F THE TRUSTEE UNA FINANCLIL MENTS FOR T ISAR ENDED 3 FfEMBER 2 WATERBEA H TILLAGE HALL Stafford% Chartered Ac¢ountartts Unil l. Cambridge House Catnboro Business Park Oakn"ngton Road, Ginon CAMBRiDGE Cambtidgeshtre CB3 OQH
ATERB TILLAGE HALL COTriTENTS OF THE FINANCL4L STATEMENTS FOR THE NDED prEMBE 202 Report of the Trustees IDdepelldent ExAtnitier's Report Ststetnent of FiDanciAI ActiThrytie5 Ba1Ce Sbeet r4otes to tht Flnan¢lal Statements 7 to 10 Detalled Statement of Fln8ncial Actlvltles
WATERB GE REPORT OF THE TRUSTEES R THE YEAR EYDED EPT 23 The Tre¢S who are also dirrctOT5 of the charity for the pu0 of the Companics Act 2006, pttsent their report with the financial ststements of the chaiity for the year ended 30 September 2023. The tnLStes have ad(yted the provisions of Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charitie5 preparing their accounts in a¢cordance with the Financial Reporting Srandard applicable in the UK and Repb]iC of Ireland IFRS 1021 leffec¢ive l January 20191. This i5 the seventh full year that we have iren operdtin8 a registered charity. 0ECTIVEs AND ACTtvrriES Objecis The objects of the charity a]Y: to prornote for the ttnefit of the inhabitanLs of WateTbeach 2nd surrounding villages witholli distinction of sex, sexual orientation, rnce or of political, religious orother opinions, by associating together the said inhabitants and the Ial authorities, voluntary and other organisations in a ¢ommon effort to advaTKe education and to provide facililies in the inleresL% of so¢Jal welfare for recreation and other leisure time oc¢upatio]LS with the objects ofimproving the conditions of life of the ld inhabitallts,. arld to tabliSh or 5e£ure the establtshment of a community ¢entre Ihereinafter ¢alled'the centre,) and to.mainthin and manage the same Iwhetheralone or in co-operation with any local authority or person or body) in furthernnce of these objects. The charity aehi¢v&s these objects by rutming WaterfKach Tillage Hall a5 a community Centre for Waterta¢h and the surrounding area and by PToviding through the building a home for Watert)each and Landbeach Action for YouitL a registered charity which pwvide5 youth club facilities ftjr young person% resident in WateTbea¢h and the Surrounding area on tht nights w week. SlenificaDt aCtitieS The main activity of the ¢haTity is to prov2de a community building for the use of residents of Wa*rt)each and the surnunding area. Wa¢erbea¢h Tillage Hall first opened in 2011. The fiyehold is owned by Wat¢Ebeach Parish Council and the charity has a Ii¢ence to Use the building for community purpo8es at a peppercom rent. It prDvides faciltties for many ijulividuals and I(1 organisations including.. Watejbeach and Landbea¢h Aciion for youth {the WAY project) who use the building fortheir.regular a¢tivilies A numb¢r of local residents who hold children 115 parties, especially at weekends Regular us¢ by Ial organi5aiions and small businesses The building is also used for occ&8ional e¢la] events Such &8 nearly new sale5. exhibitions and business meetings. FINANCIAL REVIEW Financial position The irustees rew)rt a surpllls on unrestricted funds of £6,80212021-2022 deficit of £414} for ihe year. This h&$ largely been achiei'ed by an increase of income from lettings by around 50Tr/0 with an overall redu¢iion in expenditure, mostly in equipment maintenance. Reserve$ poiicv Total unrestricted net current &%%ets ai the year end rep$¢rtd appToximately 7 months of exrEndiiure. This exceeds. the target of 3 monihs set by the trustres aThl so leaves the charity in a strong financial position. Page I
LA REPORT OF THE TRUSTEES FOR THE TrTAR ENDED 30 SEFfEMBER 20 STRUCTURE, COVERNANCE AND MANAGEMENT Governing dment The charity is controlled by its governing documen( a deed of trusL and ¢otJSliiuies a limited ¢ompany, limited by guardntee, &s defined by the Cornpanies Act 2(KJ6. Wat¢rt)each Tillage Hall is a company limited by guarantee governed by its Memorandllln and Articles of Assttiation as amended by special resolution registered a¢ Compatues House on 5 October 2015. T members of the Company are the Trusiees each of whom aeS to contribute £1 in the event ofthe ¢hariry winding up. REFERENCE ADMINISTRATIVE DETAILS Registered COmpaY number 08237805 (England and Wale5} Registered Ch8rity Dumber 1164026 Registered oifice The Willows IA)ng Drove Watrrt)each CAMBRIDGE Cambtidgeshire CB25 9LW Trnstees AEBall G J Mullirt C A Ward (resig 119120231 R M Williamwn J R Williamson Company Secretary Jndependent Examiner Matthew Pettifer FCA Sthffords Chaftered AceountsnL Unit I, Cambridge House Camboro Business Park Oaknngton Road. Girton CAMBRtDGE Cambridgeshire CB3 OQH Bankers HSBC 53 High Street Newmarket CB8 8NF Page 2
WAT EACH REPORT OF THE TRUSTEES FORT D30 BER2 This report has been prepad in aceordance with the special ptDVLSiOTkS of Part 15 of the Companies Act 2W relaiing to small Companies. 2710612024 Approved by order of the board of tnte£S on............................................. and signed on its behalf by: R M Williamson- Trtle¢ Page 3
INDEPENDENT XAMINER'S WATERBEACII TILLAGE IL4LL Independent examiner's report to the trustees of Waterbeacb Tillage Hall I'the Company I report to the charity trustee5 on my examination of the account5. of the Company for the year ertded 30 September 2023. Responsibilities aDd basis of report As the charity's tru51ees of the Company land also its directo]5 for the pu$¢5 of company lawl you are rtsponsiblt for the preratiOn of the accounts in accordance with the Tequirements of ihe CoTnpani¢s Act 2006 {'the 2006 Act'l. HaTring batisfied myself that the a¢¢ounts of ihe Company are noi ]Yqui to be audited under Part 16 of the 21K)6 Act and are eligible ftir tThlependeni examination, I rep)rt in respeci of my examination of your charity's accounts &s carried out under Se¢tion 145 of the Charities Act 2011 ('the 2011 Act'}. In eanying out my examination I have followed the DiJY¢iions given by the Charity Cornmission under Seciton 145{51 Ibl of the 2011 ACL Independent examiner's $t8t¢ment I have ¢ompled my examination. I confirn) that no matters have ¢ome to my attention in connection with the examinaiion giving me cawse io believe: accounting records were not kept in re5pe£t of the Company a5 required by Section 386 of 2006 ACL or the accounts do not accord with those records., or Ihe accounts do not comply with the accounting requitrrnents of Section 396 of the 2(K>6 Act other than any requirement that tk accounts give a true #nd fair view which is not a matter considered as part of an independent examination,. or the a¢counts have not been prepared in atcon4ance wilh the methcd% and principles of the Ststement of Recommended Pra¢¢i¢e for accounting and rep)rting by Chariiies (applicable to charities preparing thtir accounL8 in accordance with the Finan¢ial Repornng Stsndard applicable in th¢ UK and Republic of Ireland {FRS 10!)). I have no concerns and have come across no other matteT5 in connection with the examination to which attention should be drawn in this report in Order to enable a proper uTetaTKIig of the accounts to be reached. Matthew Pettifer FCA Staffords Chartered Accountants UTUI I, CambTidge House CamiK)ro Busines% Pat Oakington Road, Girton CAMBRIDGE Cambridgeshir¢ CB3 OQH Dale.. Page 4
WATERBE AGE HALL STATEMEfT OF FINAN IAL ACTtVITIES FOR YEAR ENDED 30 SEvfEfiiBER 2 23 2023 Tothl tsjs 2022 Total Unrestricted fund funds Nos INCOME EYI DOIITrIENTS FROM Donations and legacies 597 4.895 5,492 2,667 ChAritable actiTrryttes H211 lettings 21,270 21,270 14,675 Investtnent income 87 87 Total 21.954 4.895 26,849 17,343 EXPEYDITLQiE ON Charitgble actliities Hall lettings 15,152 4,655 19,807 17,757 NET INCOMEI(EX?ENDrruRE) 6,802 240 7,042 {4141 RECONCILIATION OF FUNDS Total funds brought forward 1.178 1,178 1.592 TOTAL FUNDS CARIUED FORWARD 7.980 240 8.220 1,178 The notes forni part of ihe5e financial ststements Page 5
WATE LA BALANCE SHEET 2023 Total 2022 Toral Utwestricpd fund Restricted Not¢s ctERRENf ASSETS Debtors Cash at bank 20 11,102 20 11,342 128 3,051 240 11.122 240 11.362 3,179 CREDITORS Amounts falling due within one year {3,1421 (3.1421 (2.001) NET CURRENT ASSETS 7,980 240 8,220 1,178 TOTAL ASSETS LESS CURRENT LIABILrriES 7.980 240 8.220 1.178 NET ASSETS 7.980 240 8,220 1.178 FUTr4'DS Unrestricted funds Restricted funds 7,980 240 1.178 TOTAL FUNDS 8220 1.178 The Charitsble company is entitled to exemption fM audit under Se¢tEon 477 of the CoTllP8nie5 Act 2(K)6 for the year ended 30 Septemlxr 2023. The membeTh have noi required the company to obtain an audit of ILS financial $tttements for the year ended 30 September 2023 in aceordance with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for lal ensuTing that the charitable compally keeps accounting reeord5 that comply with Sections 386 and 387 of the Ctsmpanies Act 21)06 and preparing financial 5tstements which give a ttue and fair view of the state of affai]s of the charitable company as at the end of each financial year and Of i¢S SUTplus or deficit for each financial year in accordance with the requirements of Sections J94 and 395 and which otherwise comply with the requirements of Companies Act 2006 relating io financial stsiements, so far applicable to the charitsble company. Ibl These financial statements have been prepared in accorde with the provisions applicable to ¢harithble companies subject to the small companies regime. The financial 2710612024 statements were approi'ed by the Board of Trustees and authorised for issue . and were signed on its behalf by.. on R M Williamson- Truste¢ The notes fo]Tn part of these financial ststements Page 6
WATERBEA T4OTES TO THE FINANCIAL STATEMEIYTS FOR THE YEAR ED 30 SEpr LEGAL STATUS The chartty is a Company limited by guarantee and has no share capiral. In the event of the Charity being wound up, the liability in respect of the guarantee 15 limited to £1 per m¢mber of the charity. ACCOtU4TING POLICIES Bas1$ of preparing the fiDan¢lal stateents The financial 51alemenLS of the chitable company, which is a public benefit entity under FRS 102, have been prepared in accordanc¢ with the Charitie5 SORP (FRS 1021 'A¢¢ounting aTKi Reporting by Charitie5.' Statement of Recommended Practice oppli¢able to charities preparing their occounts in accordance with ihe Financial Reporting Sndard applicable in the UK and Republic of Ireland {FRS 102) (effective l January 2019),, Finart¢ial RepoTting SLqndard 102 The Financial Reporting Swidard applicable in the UK and Republic of Ireland, and ¢he Companies Aci 2006. The financial statements have been prepared uler the historical cost cOvention. Watethach Tillage Hall Tne£ts the defjniiion ora public benefit entity under FRS102. Assets &nd liabilities are initially recognised at hi5totical cost or iraJLsaciion value unless otherwise slated tn the relevant accounung )licy nolelsl. Income All income is reco¥nised in the Statement of Financial Activitie5 ot the chariry has entit]cent to the funds il is probable that ihe income will be received and the amount can be MUred lIablY. Income from lettings of the hall is recognised when li Is due. Expendithre Liabilities are ¢OgnI$Cd as expenditure as soon a% the is a legal or consinjciive obligation committing ihe charity lo that expenditure, it is probable thai a tnnsfer of economic benefits will be r¢qu5red in settlement and the amount of ihe obligation can be measured reliably. Expenditu i5 accounted for on an aCCnlS basis and has been classified under headings that aggregaie all Cost rrlated io the Cagory. Where costs cannot be directly attributed to particular heading5 they have been allo¢aied io activities on a basi% cotL8isient with the use of resource5. Expenditure on charitable aciivities in¢lude5 costs of nn1thg ¢he hall including repai and maintenance and utility bills. Irrecoverable VAT is charged as a eosi ogainst the activity forwhich the expendKlur¢ wa5 incurred. T#x*tio The ¢harity is eKempt from corporation tax on its charitsble activities. Fulld accounting UreStriCted funds can be used in accordance with the charitable objectives at the diseretiim of the ttU5tees. Reslricted funds can only be used for particular restricied purposes lth]n the objecLS of the charity. RestrictioTt5 arise when specified by the dorK)r or when funds are rai8ed for particular restricted purwses. Further explanation of the nature and pujyose of each fvnd is included in the noks to the financial ststements. Debtors Trade and other debt0 are recognised at the settlement amount due after any trade discount offered. Prepayin¢nts' are valued ai the amount prepaid net of any trade discounts due. C8sh at bAnk and in hand Page 7 continued...
WATERBEA NOTES TO THE FINNCLL STATEMENTS- ¢0 FOR SEVTEMBER 2023 tinu ACCOUNTING POLICIES- eontinued Dtbtors Cash ai bank and cash in haThJ IludeS cash and 5htsrt term high]y liquid inve5mients with short maturity of three monihs or less from the date of acquisition oropening of the deposit or similar account. Crtditors and provislons credi10 and pviSIonS are recognised where the Charity has a present obligation resulting from a past event that M'ill probably result in ihe ¢rdnsfer of funds io a third party and the amount due to settle the obligation can be measured or estimated reliably. Crediiors and provisions are nomially recognised at their settlement amount after allowing for any tr2de discounts due. INVEsTNT INCOME 2023 2022 Deposit account interest 87 TRUSTEES, REMUNEk4TION AND BENEFITS There were no trustecs, remuneration or other benefits for the year ended 30 Sep¢ember 2023 noT for the year ended 30 Septemkr 2022. Trustees expeD5es TheTe were no ttustee5' expen%s paid for tk year ended 30 September 2023 nor for ihe year ended 30 Sep*mber 2022. STAFF COSTS The average monthly nurnber of eTnployees during the yearwa5 as follows.. 2023 2022 Hajl manager No employees received emolllments in ex¢ess of £60,000. DEBTORS: AMOUNTS FALLING DUE WTHIT4 ONE YEAR 2023 2022 Prepayments and accrued income 20 128 Page 8 ¢oniinued...
WATERBEA LLAGE HAL NOTES TO THE FtNLYCJAL TATEIIENT - ¢ontthued FOR THE YEAR ETr4DED SEvfEMBER 2023 CREDITORS: AMOitNTS FALLIf4G DUE WITHtN ONE YEAR 2023 2022 Other¢reditors Accruals aTKi deferred iOTne 597 1,404 3.142 3,142 2,001 MOVEME IN FUNDS Net movement in fiEnds At IIIOQ2 At 3019123 Unresirleted fund$ General fund 1.178 6.802 7.980 Restrfieted funds Hall maintenance 240 240 TOTAL FUNDS 1,178 7.042 8,220 Nei movement in funds, included in the ave are as follows: Incoming Resources expended Movement in fund5 Unre$iri¢ted funds General fibnd 21,954 {15,152) 6,802 Resirieted ndS Alarm control panel Hall maintenance 1,577 3,318 (1,577} (3.0781 240 4.895 14.6551 240 TOTAL FUNDS 26,849 {19,807) 7,042 Comparative$ for moveJneDt in fund$ Nei movemeni in filnds At 1110121 At 3019Q2 Unrestricted fvnds General fiu)d 1592 (414) 1,178 TOTAL FUNDS 1,592 14141 1,178 Page 9 Continued...
AC NOTES TO THE FINANCIAL STATEMETriTS- ¢ontSnued AR ENDED 30 SEvfEMBER 2 MOVEMENT IN FUNDS- continued Comparative net mveTllenl funds, included in the above aTe as follow5.' Incoming re&outres Resources exnded Movement in funds UnreJtri¢ted fuDds G•1 fund 17,343 {17,757) (414) TOTAL FUNDS 17,343 {17,7571 1414) RELATED PARTY DISCLOSLryIES There were no related party tsansactions for the year ended 30 September 2023. Page 10
RBEACH TI HALL DETAILED STATEMENT OF FtNAF4CIAL ACTivrrtES FOR THE YEAR EN'DED 30 EYfE.MBER 202 2023 2022 Ir*'COME AND ENDOIIThIENrs Donations and legsties Donations Grants 597 4,895 2,667 5,492 2,667 Investment income Dep051t a¢wunt interest 87 Charitable actilIeS Lewng incotne 21.270 14,675 TO¢ ineomiDg re50llrce5 26,849 17,343 EXPENDITURE Charitable activitles Wages Ele¢trt¢ity War Telepholle Clear¢r Cleaning materials Equipmertt maintenanc£ Builiting maintenance Subscriptions Advertising In5ufdnce Hall expenses 5,669 2.848 99 737 2,347 35 3,360 3,110 4(11 90 210 300 5,119 2.595 94 513 2,291 245 5.784 340 90 210 426 19,266 17,707 Support costs Fin8D¢¢ Bank charges 61 50 Governgn¢t Costs Acc¢)untsncy fe£s 480 Total resOUt expeTKJed 19.807 17.757 N¢t incom¢/(eApenditurel 7,042 (414) This page does not fom] part of the statutory financial strtements Poge 11