aMrlty rystration number 1166784 WEAVERING STREEf VILLAGE HALL (CIO) ANNUAL REPORT AND UNAUDrrED FINANCIAL sfATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
WEAVERING sfREEf VILLAGE HALL (CIO) LEGAL AND ADMINisfRATIVE INFORMATION MrMJCcye Mr5LJCq Mrs D M Bull Ms A Tayh)r Mr P Vlhlttal Chavlty number IIE6784 Indep&Mlert &xaminer J.A.D. Ass(Kiates ttd 4 (xy5 iAne Ralnham ME8 7EG
WEAVERING sfREEf VILLAGE HALL (CIO) CONTENTS Balan sheet 7-12
WEAVERING sfREEf VILLAGE HALL (CIO) TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 The trustees present thelr annual reF#Xt and finala1 Stat the year eTrk131 Dnr 2023. flnanclal statements have bew) prr1 In a(rdat 1th the a(rA)unling tK)Itcie5 sc in noiE I to the flnandal statennts aThJ comFAy with the (h3fity's [gov1j d(MJJmert], CharitE5 Act 2011 arKi "Accounting and Repordr¥J by Charities: &atnent of Recommended Practth app]Xab tr) tharities prekkidryj accounts in acCOrdar with the ff nancal Rwrtiro Stsndard appltcable in Ihe LK arKJ RetNJNk of trdand (FRS 102)" (effective l January 2019). Objecilves and actlvlties The oblerts of the CJ)arity is to e5tabllsh arJ a lItye hall and to prornote for the tenefft cf the Inhabants of WeAverfng Street arKI the rEight#Juthc)J ('area of iwEfif) wIt)Ut distinctic of sex, seÉual orlentatK)n, age, d15atAIlty, nauonallty, or lItIcal, l1jS or ots qMn1(S the c( facllldes for recreatJcA) or oth Idsure dme occup3tK)n of Indfviduals have need of knlities by rean of thelr youth, agE, Infirmity or dlsatAemen¢ finandal hard5hlp or or sc(lal e(oNxn arM5n cr for the put41c at large IntEre5ts of lal wdfare the Obj of ImwovlTrJ c(Thjtt1 of life of the sakl lthtitsnts. The trus have tjgld the regard to gUIdar l&ql ty the ality CDmmlslcffl In d8Jthng what acllvitle5 the d)artty should undertake. Athiements ond pafornian Slgnlficantacllvlttas andaclpEVts ¢%471n#Li DurfrYJ 1he year the Clkrity has 0MtJnL1 to cary (xrt It5 Flnandal ravlew The truste in gerEral InteThl to malntsin irt levd cl Unrest IroTh atKI 0)nne tr) malntsln the hall to a gc4)J sianckrd the tefft of many kMAI Inter&. It Is the p)Ilcy of tharity that Unrestrirt fiJn(k wNd) have rKJt be for a srecfftc use should t malntalned at a levd to three SLX nKsnth's exlitUre. Th tnIste c(SIder that reserves at thls levd wlll ensure tha¢ in the event of a shjnlflcant (trcy In fun(lirys they vAlI at to COnne the chartys currt adfvilies while c{x[ti( is givem to ways In whth a(kliti(nal fiwK15 may be rals&J. ThL% I of reseNes has bn malntslned thr(wFK)Ut year. Structhrei goYernanL and managwiiwrt A Bcord of TnJ&ee5 d up to 5 MeMbS wularty to the (Thlty. The Charfty's constitirto was thpt&1 on 27 April 2016. The trustees s@v&J during the year a1 up to the date (fj 4grottwe of the finandal Ststnts Trhve: MrMJCo Mrs L J Cope MrsDMBuU mSATa Mr P Whlttal R6rruitmentandapmlnbnent oftn& Trustees are appointed annllY at the PJ)nual Gene1 Medlng.
WEAVERING STREET VILLAGE HALL (CIO) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 MrMJCcpe 7.S:oq. 1021t............
WEAVERING STREET VILLAGE HALL (CIO) STATEMENT OF TRusfEES' RESPONSIBILITIES FOR THE YEAR ENDED 31 DECEMBER 2023 The trustees are res&ble ft)r twrFng the Tnts. Rw)rt ar the flnanclal s13tements In accordan wlth aOlcable law and unIt KirK¥lom Ac(x)unting StaThJarts knrvjlom Genernlly Accounting practy). The law appllcable to tharlVL% In England arxi Wa5 rqlllres ihe trus to qjare finaThJal sbtements for each flnatKlal year whlch gNe a tme and frdir e rf the stste of affalr5 lJ)e dlarfty and of the inu)mlrKJ and aptAlcation of resources of the d)arity f( that year. In preparfng these financlal s1atemw) the are ra]ulral to: . sLt sultabk accountjng rdKJes and tkn awAy tkn (Ct. . ciEeNe meth&Js and prilpleS In (Yre5 SORP; - make Judgen7ents and estlmates are reaScLIe arKI tnKkn¢' - state whether applIcae accnng stsndards have iw) folkyN, SUbtt to any matedal departjres disdos8J and explalned In the llnancLal statements; and . pware the flnanclal #atements on the crjwn unless It Is inapwottlate to Ihat the dTrrty 11 ctInUe in cwalcrt. trustees are resp)nslt4e for keeF4ThJ gJffbJeJ)t act(tir¥J red5 that d19J05e rfth reaSolle a(xJJracy at any tlme the finala1 tos6tion rf the charity and kitAe to enswe that the financlal statements corntAy the chareS Act 2011, the Chadty (Accourbts and Retx%ts) RjUlatI(S 21))8 and the wovlslons of the trust deed. They are alw restKMslble for safeguarding the c( the Ihaffty a1 for taking reasonat4e stqE for the preventlon and aThJ Iryegulartlles.
WEAVERING sfREEf VILLAGE HALL (CIO) INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF WEAVERING sfREEf VILLAGE HALL (CIO) I report to the tru5tee5 on my exaMInati of the flnar¥Jal stateMts c( WeAverfng Strf Vlllage Hall (CIO) (the charfty} for the year erthj 31 Dmber 2023. Responslbllltles and basls of report As the trustees of the (tharlty YIMJ are regM%ik for the wqwatlcn cl the fir71 statements In accnrdance with the requ1ments of tFE Art 2011 (ttE 2011 A(t). I report in reSt (f my evanatIOn rf the charivs finandal statements cath8J t LlvJ settK)n 145 of the 2011 ACL In carr out my examlnati(m I have folkthd all akae DIrUCS glva) by the Charlty COMMISOn under 5elicffl 145(5Xb) of the 20LI A lndent examlner's statement yCr atttion Is dra to the tdtt that charity has wq)ar8J finandal ststements In acoxdarte wth ACC(nng and ReporbrKJ by CharitEs pretK4ring tsir aca)unts in acoxdarKe w41th the Flnandal ReP)ThJ Stand4nl appllcaue In the UK and Republlc of Ireland (FRS 102) in [yef to AccounUrNJ and Rep)rting by Chame$. Stattt of RecommetKkd prath is5u&I l Awil 2005 vthKh is refj to in the extant regukitions tJt has now been withdrdwn. l understrdnd that thls has (k In fir&)la1 to vIde a tsue and falr vlew In accordarte th GendIty Accepted Air(xmtlng PrKP rwilng [eri Winning cfft or ats l January 2015. I have corryleted my Exa[rrlr5yOn. I ajnfirm that matters twve to my attentkn In tr examinath)n ging me ca to tRlle4e that In any mthial rwÈ accountyng records were r¥Jt kq)t In rew of tharity a5 rlf1 try 5th 130 of the 2011 Act,. ( the flnandal statements do not bblth t1 rwnrds; c 3 the finarKial statements (k) not corn wth ttE latIe reqrements corKvnlng fomi and content of accounts t out In the awrrues (A(x(Kmts Re[s) Regulauons 2008 other than any Nuirement that the Kcounts gNe a tn and fair vti¥ Is Th)t a matr as part of an itKiekEtht examlrwdon. I have no concems h3ve co£ acmss matters In C(nn wtth the examlnavon to wkth aiientton should te drawn In repjt In to ble a un*rjing finan(ial Statents to be reach1. Cerren Colwell M.A.A.T For and on LEhalf crf J.LD. Assodat85 Ltd CIN3rter&l Accountsnts 4 Bl(NJrs Lane Rainham ME8 7EG
WEAVERING STREEf VILLAGE HALL (CIO) STATEMENT OF FINANaAL AcrIvrrKES XNCLUDING INCOME AND EXPENDrruRE AccouKr FOR THE YEAR ENDED 31 DECEfvIBER 2023 funds 2023 funds 2022 Income from: Lbnatlons and l&Jade5 Irwestments 7,818 16,452 21,830 Total income 21,830 24,270 Expendlture on: Charitable adviUe5 19,166 19,012 Total exPmIre 19,166 19,012 Net Income and rnovement In funds 664 5,258 Reconcllljtlon of funds: Fund balances at l January 2023 152,799 147,541 Fund balan(xs at 31 Dmber 2023 155,463 152,799 The statefflt of final81 acmies Ind all gains arKI lo rnISed In year. Al Ir£ome and exFaiJltsJre derlve from contlnulng a(IlvKies.
WEAVERING STREEf VILLAGE HALL (CIO) BALANCE SHEEr ASAT 31 DECEMBER 2023 2023 2022 Flxed assets Investht proFerty io i¢,(1X) 140,Ot(J Cash at bank and In haThJ 15,727 13,(63 CredIto. amounts falllng due I1n one year li (2fA) (264) Net rrent assets 15,463 12,799 Total assets less awrent Ilablllues 155,463 L52,799 Net assets exch1ng penslon Ilabtiity 155,463 152,799 The funds of the tharity UnrethC furmts 155,463 152,799 155,463 152,799 The flnanaal Statem we ap[Kov1 by the trus Mrmj Trustee
WEAVEIUNG STREET VILLAGE HALL (CIO) NOTES TO THE FINANCIAL sfATEMEKrs FOR THE YEAR ENDED 31 DECEMBER 2023 Accoyntlng polldas Cttarity informatlon Weavthng Stre£t Willage Hall (CIO) Is a r8JlwgJ d)arity In England and wa and is unino)rporatal. The (kess of the Ixlndpal Offi is W&3vwlng Village Hall, Weaverlng Strrt Weavaing, KenL ME14 5JP. 1.1 Actountlng conventlon The financk41 slatements have ERen in wlth the tharltyS {govenlng dtKument], the Charllles Act 2011, FRS 102 The FInal31 Re4xYtir¥J Strr¥Jard akwllcable In the UK and Re of Ireland" fFRS 102? and the SORP 'AccrXrrfj a1 ReiKsrtlng by atI$.. Ststement ol ReMMded Pract1 applkable to duTlties txepariTwJ thér lnts In accord)rtt wfith the Rnancial Rq)orting Standard apF4icaie in ts UK and RqxJNlc cf Ireland (FRS 102)" (eff l January 2019). The d)aTIty Is a j1C Benefit Entity as defird FRS 102. The charfty has taken advanta0 d the in the SORP for drItS rw)t to wepare a stataTnt ol Cash Hows. The flnandal StateMts have drtaj from the <Acts a1 Rwts) Rejulaljons 2tK)8 only to the eXt re]ulred prode a true aThl fair VI8. ThL5 dq)arture has Invc4veJ followlr¥J the Statement of Re£ommeThJed Prathce charltks aprAwng FRS 102 rathu than the verslon of the Ststemerst of R)mMeIed prattl thlth L8 to In the R9juthx Lmrt whhth ha5 sirKe been thdrawn, The finwKlal atements are preparaj In &ollThJ, fs the fiThKfj(l the charlty. mOry amounts kn these flnandal ststem a to the £. The financlal ststements have hi4(xical u)st IX)n1m, [mOdIfie to Indje the revaluatlon of I11d wokErties and to Inde irNemurt woOies arKI (Ertain financlal Instruments at falr value]. The prfncipal ar(Untirvj poli(ie5 ath¥ted a sd cNJt below. 1.2 Goitvj concem At the ttme of apwovlng the finandal ststemts, the trus have a renae eXtIon that the tharfty has adujuate resou to continue in OFffikn'cthl existence f¢YeSble fvture. Thus the treeS contlnue to the 9)ing ccrrnn ba of arL(MJnting In finarKial staten)ents. 1.3 Charltable funds Unrestrlcted fur¥ts are availat4e for use at the the ITUstE5 In ftltsrde c¢ thelr d)arftsble obkdive5. Restrlct6J fuThJs are sUbt tr) sJAC (Th)drf]r by (k)n(x5 grantors as trj how they may be us&l. The purp)ses and uses of the restdcted fijnds are set Ixjt in the rKts to ljbe finaJaI 5tts. En(k)wment funds a subprt to St ccnjltlcs ty donors that the (3titsl must Ik malnlAlned by the charlty. 1.4 Income Inr))me Is recconised when the tharlty 19 bjally enti11 to It ats any performan ConOn5 have IRen me( the amounts can Ee meara1 reliauy, aTrJ Ét is tthble that income wll te re¥ell. Cash th)nations are rec(xJnil reLpl Other donatb)ns are re£ognbsed On the charlty has been notified of the donati(, unless f(man corKlitions require of the amnt Inme tax r0Verable In relauon to d(Thtions under Glft AKJ or crf c£Vant Is wog)l*l at time of donatkjn.
WEAVERING sfREET VILUIGE HALL (CIO) NOTES TO THE FINANCIAL STATEMEKfs (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 A(xounllng polldes (Continued) Legacles are rnIS& C re1 ¢ther%•se if has tn notlfiad of an ImndIng dbtrlbuyon, the amount Ls kncwn, aThl re£dr L8 ex11. Jf the Is ncrt known, Is treat as a contJngent asseL L5 Expendlture EXdItre Is rcjnis thwe Is a Wl 1tion to trants eLC¥K)rnlc to a thlrd party, It is probable that a transfer rrf gxxN)nwc tendlts will te requlroj in SettIeThAt, and the amount of the obligat1c can tx mere1 Fywdf(ure Is dasslfiaj ty acdvlty. The eath acti are made up of the total of direct o)sts and shared costs. induding sutvrt costs Involvèj in UrtakIng each a(W. Dlrect costs attrtbutaile to a slngle acbvlty are allc(ated direcvy to that acliwty, Shar&1 cctsts rtrfte to more tharh e actmty arK supw)rt (Dsts whkh are not attr1ble to a STe acbwty are awTVoned bely1 those acbvltrs on a bass consLstent wtth the use of rtsmrces. Central staff costs allocat&J on the basls of time ¥ent, and deation tharyes are alkKateY on the [KN of a5ss I Investmert property Investment property, whlch Ls prc¢Erty hdd to &irn renta15 arOr ft)r capitsl appra1]On, Is irityally reccgr)Ised at ¢xJs¢ whlth Indudes pUrde o)st any dlrettly attritxrtable eX[[KI1tUre. sltbwudY It Is mea9Jred at frdlr valL at the rekxrtirg date. The surplus or deficit (M revaluati Is reo)gni5ed In profft or I [PrOrty rent8J to a groLP Is acCr1 for as taThJltAe fixuj ats.) 1.7 Cash and cash equlvalents Cath and cash equiwalents irKILKie cath in hatml, de heki at (311 vlth banks, other th)rt-term IIqLid inv&ments ortglnal nN3tsJrfiie5 of three nKtths C kn, a1 bank overdrats. Bar overdrafts &e shown within ixMrovlrÈgs In Cunt lialilili Baslc f1nandal assets, whlch indude dettoxs arKS cath affil bala[, are Inltialty measur&J & trdn5acllon Indudln9 trACtk)n co5 arKI are WiE8]UY at anrtISl co using the effethve intErest melJKMI urkn arTangwt a)nsbtutes a Ilnancing transackn, Yth&e the transaction Is mea$Jrj at the esent value of the future receits dscrxtFrtel at a market rate ( inter& Flnanaal assets daSSf as r1Vable wihln one year are rN)t anx15. Basic fina181 Ilabllitles, inclujing e{t0 WKI t4ink thns are Inthlty rwlwl * tranttOn PFke unless the èrrangement ContU a finarKing trdti(M, wFre debt It L% nwsured at the {esent value of future payments diSc(Xtl at a rna rate of InlEr&t. n3{la1 Ilaiiliiies claslfied as paydlAe within one year a not amlsed. Delrt Inslnjments are (arrknj at anKrtlwl (x)sL t£gftg the effeLtr intwest rate metrmxl. Trdde (Tedlt(5 a (*ligations to pay fy gcrmts servlces that have acquired In the orcHnary cfjurse of okEratlons fK)m suptAief5. AKnts paydble are dassifie(J as nEnt lialxlities if paYmt Is due withln one year or less If no¢ they are rxesented as T)Wvrrt liatilities. Trade crejitors are rec(NJnised inlUalW at transacuon prkn and subwuenty Measjr at anutis8J <t uqrvJ the effectlve Interest metFK)d. Derecognition of finafft7alllalJlfittes Flnancial ItatHltbes are (knwi£l tharfV5 contractskil ot4igatics eKplre cr are disdk3rged or nlled.
WEAVERING STREEf VILLAGE HALL (CIO) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Accountlng potkles {Conilnued) 1.8 Employee benefits The w5t of any unus&l hdlday errttt[eMnt is re01$ In the In whth the OYee'S Serv1 are r1Ved. TwMlnatj Ixnefits are rJnIsed ImlIatY as an eYpen véh the charfty Is (krnfXÈ4y committed to tenninate the emt1wnt of an emFAoyee to tfovth tatson tonefits. Critical accounung osumates and jIgn In akTsItsOon of chaws ac£ounVThJ 1(], the tnISte are rwuir&J tD make jUdgents, e5MateS and assvmixlons about the cariwng anKYrt ( as arKi liabilities that not readily 4)paMt other Sou. The estlmates and asg)Jatal &ssumi'cYts are bas hiStOral expe and other fact3 tst are Cc51der to rdevanL AdLwI rlts may dIff fr(xn esllmate5, The e511mate5 aml assumpucffts are an cwxrvJ tsL Re4lsors to a¢0nng estInte9 are recojnlsoj In the In vthlch lmate Is r1 where the revL51on aff only that or In t wlod of the r511 aThJ fijture whe rlon aff Ix)th CLwrentand future Feri(Kts. funds 2023 funds 2022 Grants re1¥able 7,818 funds 2023 funds 2022 Rental Inu)me *• 21,756 74 16,447 IntEst recelvaLle 21,830 16,452
WEAVERING STREEf VILLAGE HALL (CIO) NOTES TO THE FINANCIAL srATEME1 {coririNUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Expenditure on charflable aclivib Governan G¢)vernance 2023 2022 Direct costs Rates and water ht and heat Re31r$ aNI maintenan Insuran Legal and onal TdepFM)ne Other Offi costs bxrfpt aeaners wages and materils 1,269 1,911 9,172 1.484 2,174 9,939 1,254 264 470 104 447 2,876 516 492 690 3,512 19,166 19,012 Analy by fund Unrestiicted fuThY5 19,166 19,012 2023 2022 The [t M0ment In fvrvjs Is ststui after drgIrl{l1rtln9): pardue for the IndeFeThknt examination cl the drtIS finarKknal statents 264 Ncrf)e of the trustees (( any [so% conrEd 7hith rthied any Munerd1JCll or nefft$ from the chamty durlrKJ the yayr. Employees The average monthty numlH of pkyeS duiirvJ was: 2023 Number 2022 Number Total There were m em annual was m(Ke than £60.IMXI. 10-
WEAVERING sfREEf VILLAGE HALL (CIO) NOTES TO THE FINANCIAL sfATEMENTS (cofiiiNUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Taxation The charity15 exem[ fr(Nn taatk i]n Its acii1AiI tecause all Its Incon Is atwlgj for ¢haritsbie W)se$. 2023 Falr value At l Jan¥Jary 2023 31 DeMt 2Q23 140,000 Ire5tt Compri £140,IXy). The falr value IA the Wc1 has b arfvd at on the basis of a valLration carrled Ixtt ty the iTUSt If Investment ryrtieS were statsj on an hstorthl c(tst bags rather than a falr fdlue basL8, UE amwnts y1ld have I[Klu as folh)ws: 2023 2022 20,792 20,792 Accumulataj depreLlaUon Catyng amount 20,792 20,792 11 Creditorn: amounts falling wlthin one year 2023 2022 Accruals defeJred in(Dme 264 264 12 Unrestricted funds unrestritted fiJThts of the dwrity comlSe the of (knatiowF arKI wants whhth are not gJbJ to spedflc condit1c5 ty doTh)rs and atc as to ITh they may EE US1. The Indude deskJnated funds whlch IN3ve set asde (t of unrestri¢tsJ fu by tTU5tee5 for speoilc purposes. At l January Incominy Resour At31 2023 eral fdS 152,799 21,830 (19,166) 155,463 11
WEAVERING sfREET VILLAGE HALL (CIO) NOTES TO THE FINANCIAL sfATEMEKfs (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 12 Unregtrl<ed funds (Contlnued) Previous year. At l January lrn)mlng Reswrces At31 2022 expwmled December 2022 Geral fvnd5 147,541 24,270 (19,012) 152,799 13 RelateAI party transactl(ALs The wtte no 01sc1le rdabj party trdn5JjjcS (JrlvvJ the year (2022 . ncne). 12-