WEAVERING STREET VILLAGE HALL (CIO) ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Charity registration number 1166784
WEAVERING STREET VILLAGE HALL (CIO)
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees Mr M J Cope Mrs L J Cope Mrs D M Butler Ms A Taylor Mr P Whittal Charity number (England and Wales) 1166784 Accountants J.A.D. Associates Ltd 4 Bloors Lane Rainham Kent ME8 7EG
WEAVERING STREET VILLAGE HALL (CIO)
CONTENTS
| Page | |
|---|---|
| Trustees' report | 1 - 2 |
| Statement of trustees' responsibilities | 3 |
| Accountants' report | 4 |
| Statement of financial activities | 5 |
| Balance sheet | 6 |
| Notes to the financial statements | 7 - 12 |
WEAVERING STREET VILLAGE HALL (CIO)
TRUSTEES' REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
The trustees present their annual report and financial statements for the year ended 31 December 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 Charities Act 2011, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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)".
Objectives and activities
The objects of the Charity is to establish and run a village hall and to promote for the benefit of the inhabitants of Weavering Street and the neighbourhood ("area of benefit") without distinction of sex, sexual orientation, age, disability, nationality, race or political, religious or other opinions the provision of facilities for recreation or other leisure time occupation of individuals who have need of such facilities by reason of their youth, age, infirmity or disablement, financial hardship or or social and economic circumstances or for the public at large in the interests of social welfare and with the object of improving the conditions of life of the said inhabitants.
Public benefit
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
Achievements and performance
Significant activities and achievements against objectives
During the year the Charity has continued to carry out its objectives.
Financial review
The trustees in general intend to maintain the current level of unrestricted income funds and continue to maintain the hall to a good standard for the benefit of many local interests.
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
A Board of Trustees of up to 5 members meet regularly to administer the Charity.
The Charity's constitution was adopted on 27 April 2016.
The trustees who served during the year and up to the date of signature of the financial statements were: Mr M J Cope Mrs L J Cope Mrs D M Butler Ms A Taylor Mr P Whittal
Recruitment and appointment of trustees
Trustees are appointed annually at the Annual General Meeting.
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WEAVERING STREET VILLAGE HALL (CIO)
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024
The trustees' report was approved by the Board of Trustees.
M J Cope (Oct 3, 2025 14:20:29 GMT+1) .............................. Mr M J Cope Trustee Date: .............................................
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WEAVERING STREET VILLAGE HALL (CIO)
STATEMENT OF TRUSTEES' RESPONSIBILITIES
FOR THE YEAR ENDED 31 DECEMBER 2024
The trustees 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).
The law applicable to charities in England and Wales 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 of the charity for that year.
In preparing these financial statements, the trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
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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 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 Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. 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.
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WEAVERING STREET VILLAGE HALL (CIO)
CHARTERED ACCOUNTANTS' REPORT TO THE TRUSTEES ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF WEAVERING STREET VILLAGE HALL (CIO) FOR THE YEAR ENDED 31 DECEMBER 2024
In order to assist you to fulfil your duties under the Charities Act 2011, we have prepared for your approval the financial statements of Weavering Street Village Hall (CIO) for the year ended 31 December 2024, which comprise the statement of financial activities and the related notes from the charity’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation.
This report is made to the charity's trustees, as a body, in accordance with the terms of our engagement letter dated 2 September 2022. Our work has been undertaken solely to prepare for your approval the financial statements of Weavering Street Village Hall (CIO) and state those matters that we have agreed to state to the charity's trustees, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Weavering Street Village Hall (CIO) and the charity's trustees as a body, for our work or for this report.
It is your duty to ensure that Weavering Street Village Hall (CIO) has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and surplus of Weavering Street Village Hall (CIO). You consider that Weavering Street Village Hall (CIO) is exempt from the statutory audit requirement for the year, and is not required to obtain an independent examiner's report.
We have not been instructed to carry out an audit or a review of the financial statements of Weavering Street Village Hall (CIO). For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
J.A.D. Associates Ltd
Chartered Accountants 4 Bloors Lane Rainham Kent ME8 7EG 3 October 2025
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WEAVERING STREET VILLAGE HALL (CIO)
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2024
| Unrestricted | Unrestricted | ||
|---|---|---|---|
| funds | funds | ||
| 2024 | 2023 | ||
| Notes | £ | £ | |
| Income from: | |||
| Investments | 3 | 19,598 | 21,830 |
| Total income | 19,598 | 21,830 | |
| Expenditure on: | |||
| Charitable activities | 4 | 19,098 | 19,166 |
| Total expenditure | 19,098 | 19,166 | |
| Net income and movement in funds | 500 | 2,664 | |
| Reconciliation of funds: | |||
| Fund balances at 1 January 2024 | 155,463 | 152,799 | |
| Fund balances at 31 December 2024 | 155,963 | 155,463 |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
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WEAVERING STREET VILLAGE HALL (CIO)
BALANCE SHEET
AS AT 31 DECEMBER 2024
| Notes Fixed assets Investment property 8 Current assets Cash at bank and in hand Creditors: amounts falling due within one year 9 Net current assets Total assets less current liabilities The funds of the charity Unrestricted funds 10 |
2024 £ 16,227 (264) |
£ 140,000 15,963 155,963 155,963 155,963 |
2023 £ 15,727 (264) |
£ 140,000 15,463 |
|---|---|---|---|---|
| 155,463 | ||||
| 155,463 | ||||
| 155,463 |
The financial statements were approved by the trustees on .........................
M J Cope (Oct 3, 2025 14:20:29 GMT+1)
..............................
Mr M J Cope
Trustee
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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
WEAVERING STREET VILLAGE HALL (CIO)
1 Accounting policies
Charity information
Weavering Street Village Hall (CIO) is a registered charity in England and Wales and is unincorporated. The address of the principal office is Weavering Village Hall, Weavering Street, Weavering, Kent. ME14 5JP.
1.1 Basis of preparation
The financial statements have been prepared in accordance with the charity's governing document, the Charities Act 2011, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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)". 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 have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.
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.
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.
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WEAVERING STREET VILLAGE HALL (CIO)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024
1 Accounting policies
(Continued)
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.
1.5 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 Investment property
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in profit or loss.
[Property rented to a group entity is accounted for as tangible fixed assets.]
1.7 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.
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.
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WEAVERING STREET VILLAGE HALL (CIO)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1 Accounting policies
(Continued)
1.8 Employee 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 investments
| Unrestricted | Unrestricted | |
|---|---|---|
| funds | funds | |
| 2024 | 2023 | |
| £ | £ | |
| Rental income | 19,490 | 21,756 |
| Interest receivable | 108 | 74 |
| 19,598 | 21,830 |
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WEAVERING STREET VILLAGE HALL (CIO)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
4 Expenditure on charitable activities
| Governance | Governance | |
|---|---|---|
| costs | costs | |
| 2024 | 2023 | |
| £ | £ | |
| Direct costs | ||
| Rates and water | 707 | 1,269 |
| Light and heat | 3,113 | 1,911 |
| Repairs amd maintenance | 3,452 | 9,172 |
| Insurance | 1,501 | 1,340 |
| Legal and professional | 288 | 264 |
| Telephone | 716 | 516 |
| Other office costs | 235 | 492 |
| Subscriptions | 1,100 | 690 |
| Cleaners wages and materials | 7,986 | 3,512 |
| 19,098 | 19,166 | |
| Analysis by fund | ||
| Unrestricted funds | 19,098 | 19,166 |
Governance costs
5 Trustees
None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.
6 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.
7 Taxation
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
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WEAVERING STREET VILLAGE HALL (CIO)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
8 Investment property
| Investment property | |
|---|---|
| 2024 | |
| £ | |
| Fair value | |
| At 1 January 2024 and 31 December 2024 | 140,000 |
Investment property comprises £140,000. The fair value of the investment property has been arrived at on the basis of a valuation carried out by the trustees.
If investment properties were stated on an historical cost basis rather than a fair value basis, the amounts would have been included as follows:
| Cost Accumulated depreciation Carrying amount Creditors: amounts falling due within one year Accruals and deferred income |
2024 £ 20,792 - 20,792 2024 £ 264 |
2023 £ 20,792 - |
|---|---|---|
| 20,792 | ||
| 2023 £ 264 |
9 Creditors: amounts falling due within one year
10 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 January | Incoming | Resources | At 31 | |
|---|---|---|---|---|
| 2024 | resources | expended | December | |
| 2024 | ||||
| £ | £ | £ | £ | |
| General funds | 155,463 | 19,598 | (19,098) | 155,963 |
| Previous year: | At 1 January | Incoming | Resources | At 31 |
| 2023 | resources | expended | December | |
| 2023 | ||||
| £ | £ | £ | £ | |
| General funds | 152,799 | 21,830 | (19,166) | 155,463 |
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WEAVERING STREET VILLAGE HALL (CIO)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024
11 Related party transactions
There were no disclosable related party transactions during the year (2023 - none).
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Charity Accounts 311224
Final Audit Report
2025-10-03
Created: 2025-10-03 By: Derren Colwell (derren.colwell@jadaccountants.co.uk) Status: Signed Transaction ID: CBJCHBCAABAAPRAzTno3bWQ9XHFjZnQ9WICyK6G1y5pk
"Charity Accounts 311224" History
- Document created by Derren Colwell (derren.colwell@jadaccountants.co.uk) 2025-10-03 - 11:52:16 AM GMT
Document emailed to martin.cope@uaplimited.com for signature
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2025-10-03 - 11:52:47 AM GMT
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Email viewed by martin.cope@uaplimited.com
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2025-10-03 - 1:17:36 PM GMT
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Signer martin.cope@uaplimited.com entered name at signing as M J Cope 2025-10-03 - 1:20:27 PM GMT
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Document e-signed by M J Cope (martin.cope@uaplimited.com) Signature Date: 2025-10-03 - 1:20:29 PM GMT - Time Source: server
Agreement completed.
2025-10-03 - 1:20:29 PM GMT