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2024-06-30-accounts

Thursley Village Hall CIO

Charity No. 1167105

Company No. CE006346

Trustees' Report and Unaudited Accounts

30 June 2024

Thursley Village Hall CIO Contents

Pages
Trustees' Annual Report 2
Independent Examiner's Report 5
Statement of Financial Activities 6
Summary Income and Expenditure Account 7
Balance Sheet 8
Statement of Cash flows 9
Notes to the Accounts 10
Detailed Statement of Financial Activities 18

Page 1

Thursley Village Hall CIO Trustees Annual Report

Thursley Village Hall

The trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the unaudited financial statements of the charity for the year ended 30 June 2024.

REFERENCE AND ADMINISTRATIVE DETAILS

Company No. CE006346

Charity No. 1167105

Principal Office

Thursley Village Hall Dye House Road Thursley Surrey GU8 6QD

Registered Office

Thursley Village Hall Dye House Road Thursley Surrey GU8 6QD

Directors and Trustees

The Directors of the charitable company are its Trustees for the purposes of charity law. The following Directors and Trustees served during the year:

C. Beechey V. Ferris A.J. Hall A. Hanbury A. Mackenzie-Beevor

D. Mills T. Walshe

Accountants

JMB Accounting Ltd 10 London Road Liphook Hampshire GU30 7AN

Bankers

Lloyds Bank plc

Investment Advisors

Charities Investment Managers Ltd

Page 2

Thursley Village Hall CIO Trustees Annual Report

OBJECTIVES AND ACTIVITIES

The objects of the CIO are to establish and run a village hall and to promote for the benefit of the inhabitants of Thursley 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 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.

Thursley Village Hall is a community building in the heart of the village, run for the benefit of the local inhabitants. The charity’s trustees’ duties fall mainly into the following areas:

1) Encouraging the use of the Hall by as wide a range of local inhabitants as possible.

2) Raising money to maintain and improve the building and grounds, mainly by hiring out the Hall/renting out the flat, but also by putting on fundraising events.

3) Ensuring the building and grounds are kept in a good state of repair.

Main activities undertaken for the public benefit:

1) The Hall is rented out to Butterflies nursery school each weekday, which is of benefit to local working families.

2) The flat provides relatively cheap accommodation for a local family or sharers.

3) The Hall is an attractive and good value venue for private hire for, for example, weddings, private parties, children’s parties, fundraising events, sporting meets, dog clubs, band rehearsals etc.

4) There are two Horticultural Shows a year

5) There are local History Society exhibitions themed to coincide with current events, eg significant military anniversaries, Royal Family weddings/jubilees etc.

6) Regular community events: Children’s Christmas Party; Scarecrow Trail; Pancake Race; Quiz Night; Christmas/Summer Fair, Dog Walking Trail.

8) The Hall is the venue for the regular meetings of the Parish Council as well as its AGM.

10) The hall is the designated local community emergency centre.

The Trustees are all aware of what constitutes the public benefit as defined by the Charity Commission. The Trustees are supported by a fantastic network of local volunteers, whose contribution is invaluable.

ACHIEVEMENTS AND PERFORMANCE

The achievements of the charity can be split into two main areas: building improvements/ maintenance and community events. Regarding building improvements, the following are the main things that have been achieved throughout the period of this report:

1) The finalised plans for a new kitchen have been approved by the committee and work will start in the new financial year.

Page 3

Thursley Village Hall CIO Trustees Annual Report

With regards to events and fundraising, we have been very busy:

1) The annual quiz was a great success with David and Clea Beechey as our Quiz Masters.

3) Printing and selling our 3rd edition of the Village Calendar which involved a photo competition. We had a fair number of villagers submitting photographs. Josh Owen (young photographer) was the competition winner.

6) We are continuing to rent out the hall to a yoga teacher and the office to a young Ukrainian refugee for her nail salon business.

7) Farnham The Malting performed a theatre play which was well attended.

8) In June, we put together a Mad Hatter Tea Party and an Alice in Wonderland Trail. Unfortunately, the village was very quiet that week. We need to rethink the date for a future repeat.

FINANCIAL REVIEW

The trustees aim to keep a minimum of £40,000 in reserve.

The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.

The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006 and in accordance with the Charities SORP (FRS 102).

Signed on behalf of the board

V. Ferris Trustee

23 June 2025

Page 4

Thursley Village Hall CIO Independent Examiners Report

Independent Examiner's Report to the trustees of Thursley Village Hall CIO

I report to the charity trustees on my examination of the financial statements of Thursley Village Hall CIO for the year ended 30 June 2024.

Responsibilities and basis of report

As the charity's trustees of the company (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 your charity's financial statements as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the 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 can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe:

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.

Jan Buckett

Jan Buckett JMB Accounting Ltd 10 London Road Liphook Hampshire

GU30 7AN 23 June 2025

Page 5

Thursley Village Hall CIO Statement of Financial Activities

for the year ended 30 June 2024

Notes
Income and endowments
from:
Donations and legacies
4
Charitable activities
5
Investments
6
Total
Expenditure on:
Raising funds
7
Charitable activities
8
Other
9
Total
Net gains/(losses) on
investments
Net income
10
Transfers between funds
Net income before other
gains/(losses)
Other gains and losses
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
Unrestricted
funds
2024
£
9,317
36,257
1,519
Total funds
2024
£
9,317
36,257
1,519
Total funds
2023
£
21,326
35,582
3,639
47,093
5,561
120
41,873
47,093
5,561
120
41,873
60,547
7,855
120
42,488
47,554
11,500
47,554
11,500
50,463
(1,003)
11,039
-
11,039
-
9,081
-
11,039 11,039 9,081
11,039
670,620
11,039
670,620
9,081
661,539
681,659 681,659 670,620

Page 6

Thursley Village Hall CIO Summary Income and Expenditure Account

for the year ended 30 June 2024

Income
Net gains/(losses) on investments
Interest and investment income
Gross income for the year
Expenditure
Depreciation and charges for
impairment of fixed assets
Total expenditure for the year
Net income before tax for the year
Net income for the year
2024
£
45,574
11,500
1,519
58,593
37,785
9,769
47,554
11,039
11,039
2023
£
56,908
(1,003)
3,639
59,544
40,694
9,769
50,463
9,081
9,081

Page 7

Thursley Village Hall CIO Balance Sheet

at 30 June 2024

at 30 June 2024
Company No.
CE006346
Notes 2024 2023
£ £
Fixed assets
Tangible assets 13 506,268 516,037
Investments 14 107,900 96,400
614,168 612,437
Current assets
Stocks 15 371 373
Debtors 16 3,921 -
Cash at bank and in hand 63,919 58,470
68,211 58,843
Creditors:Amount falling due within one year 17 (720) (660)
Net current assets 67,491 58,183
Total assets less current liabilities 681,659 670,620
Net assets excluding pension asset or liability 681,659 670,620
Total net assets 681,659 670,620
The funds of the charity
Restricted funds 18
Unrestricted funds 18
General funds 627,433 627,894
627,433 627,894
Reserves 18
Revaluation reserve 54,226 42,726
54,226 42,726
Total funds 681,659 670,620

These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

For the year ended 30 June 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

Approved by the board on 23 June 2025

And signed on its behalf by:

V. Ferris Trustee 23 June 2025

Page 8

Thursley Village Hall CIO Statement of Cash flows for the year ended 30 June 2024

Cash flows from operating activities
Net income per Statement of Financial Activities
Adjustments for:
Depreciation of property, plant and equipment
Dividends, interest and rents from investments
Decrease/(Increase) in stocks
Increase in trade and other receivables
Increase in trade and other payables
Net cash provided by operating activities
Cash flows from investing activities
Payments for investments
Dividends, interest and rents from investments
Net cash (used in)/from investing activities
Net cash from financing activities
Net increase in cash and cash equivalents
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year
Components of cash and cash equivalents
Cash and bank balances
2024
£
11,039
9,769
(1,519)
2
(3,921)
60
15,430
(3,559)
1,519
(2,040)
-
13,390
58,470
71,860
63,919
63,919
2023
£
9,081
9,769
(3,639)
(188)
-
30
15,053
-
3,639
2,588
-
17,641
42,905
60,546
58,470
58,470

Page 9

Thursley Village Hall CIO Notes to the Accounts

for the year ended 30 June 2024

Basis of preparation

The financial statements have been prepared in accordance with 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 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Change in basis of accounting or to previous accounts

There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.

Fund accounting

Income

Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets

Page 10

Thursley Village Hall CIO Notes to the Accounts

Expenditure

Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs. Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Tangible fixed assets and depreciation

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

Freehold property 2% Straight line Fixtures & Fittings 10% Straight line

The charity only capitalises costs in relation to fixtures, fittings & equipment that are £450 and above. Items below £450 are expensed.

Stocks

Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.

Trade and other debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.

Page 11

Thursley Village Hall CIO Notes to the Accounts

Trade and other creditors

Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Receipt of donated goods, facilities and services

All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.

2 Company status

The company is a private company limited by guarantee and consequently does not have share capital.

3 Statement of Financial Activities - prior year

3
Statement of Financial Activities - prior year
Income and endowments from:
Donations and legacies
Charitable activities
Investments
Total
Expenditure on:
Raising funds
Charitable activities
Other
Total
Net gains on investments
Net income
Net income before other
gains/(losses)
Other gains and losses:
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
Unrestricted
funds
2023
£
21,326
35,582
3,639
60,547
7,855
120
34,758
42,733
(1,003)
16,811
16,811
16,811
653,809
670,620
Restricted
funds
2023
£
-
-
-
-
-
-
7,730
7,730
-
(7,730)
(7,730)
(7,730)
7,730
-
Total funds
2023
£
21,326
35,582
3,639
60,547
7,855
120
42,488
50,463
(1,003)
9,081
9,081
9,081
661,539
670,620

Page 12

Thursley Village Hall CIO Notes to the Accounts

4 Income from donations and legacies

Fundraising
Donations
5
Income from charitable activities
Rent from flat & nursery
Hirings
Internet facility
6
Income from investments
Bank Interest
Dividends
7
Expenditure on raising funds
Costs of generating voluntary
income
Fundraising
8
Expenditure on charitable activities
Governance costs
Independent Examination
Unrestricted
£
9,117
200
9,317
Unrestricted
£
29,400
3,257
3,600
36,257
Unrestricted
£
1,425
94
1,519
Unrestricted
£
5,561
5,561
Unrestricted
£
120
120
Total
2024
£
9,117
200
9,317
Total
2024
£
29,400
3,257
3,600
36,257
Total
2024
£
1,425
94
1,519
Total
2024
£
5,561
5,561
Total
2024
£
120
120
Total
2023
£
11,145
10,181
21,326
Total
2023
£
29,480
2,773
3,329
35,582
Total
2023
£
466
3,173
3,639
Total
2023
£
7,855
7,855
Total
2023
£
120
120

Page 13

Thursley Village Hall CIO Notes to the Accounts

9 Other expenditure

9 Other expenditure
Unrestricted Total Total
2024 2023
£ £ £
Management & Admin costs 223 223 281
Caretaker, Gardener &
Cleaner
3,400 3,400 500
Premises costs 27,601 27,601 31,398
Amortisation, depreciation,
impairment, profit/loss on 9,769 9,769 9,769
disposal of fixed assets
General administrative costs 100 100 -
Legal and professional costs 780 780 540
41,873 41,873 42,488
10 Net income before transfers
2024 2023
This is stated after charging: £ £
Depreciation of owned fixed assets 9,769 9,769
11 Trustee remuneration and expenses
2024 2023
Number Number
The nature of the reimbursed expenses During the year, no trustees were paid any expenses, apart
from reimbursement of costs incurred for incidental items
and services used in the general running of the village hall.

12 Staff costs

No employee received emoluments in excess of £60,000.

Page 14

Thursley Village Hall CIO Notes to the Accounts

13 Tangible fixed assets

Tangible fixed assets
Cost or revaluation
At 1 July 2023
At 30 June 2024
Depreciation and
impairment
At 1 July 2023
Depreciation charge for the
year
At 30 June 2024
Net book values
At 30 June 2024
At 30 June 2023
Net book values of assets
held under finance leases
and hire purchase contracts
and included above
Land and
buildings
£
578,000
578,000
64,736
9,248
73,984
504,016
513,264
Fixtures &
Fittings
£
5,216
5,216
2,443
521
2,964
2,252
2,773
Total
£
583,216
583,216
67,179
9,769
76,948
506,268
516,037

An independent valuation of the land & property was given at £550,000 at 6th December 2018.

14 Investments

Cost or revaluation
At 1 July 2023
Additions
Revaluation
At 30 June 2024
Net book values
At 30 June 2024
At 30 June 2023
15 Stocks
Raw materials and consumables
Carrying value analysed by activities
Hirings
2024
£
371
371
2024
£
371
371
Other
investments
- Listed
£
96,400
3,559
7,941
107,900
107,900
96,400
Total
£
96,400
3,559
7,941
107,900
107,900
96,400
2023
£
373
373
2023
£
373
373

Page 15

Thursley Village Hall CIO Notes to the Accounts

16 Debtors
Prepayments and accrued income
17 Creditors:
amounts falling due within one year
Accruals
18 Movement in funds
Restricted funds:
Unrestricted funds:
General funds
Revaluation Reserves:
Revaluation fund
Total revaluation reserves
Total funds
At 1 July
2023
627,894
42,726
42,726
670,620
2024
£
3,921
3,921
2024
£
720
720
Incoming
resources
(including
other
gains/losses)
£
47,093
11,500
11,500
58,593
Resources
expended
£
(47,554)
(47,554)
2023
£
-
-
2023
£
660
660
At 30 June
2024
£
627,433
54,226
54,226
681,659

Purposes and restrictions in relation to the funds: Revaluation reserves Represent the amount by which investments exceed their historical cost.

19 Analysis of net assets between funds

Analysis of net assets between funds
Fixed assets
Investments
Net current assets
Unrestricted
funds
£
506,268
107,900
67,491
681,659
Total
£
506,268
107,900
67,491
681,659

Page 16

Thursley Village Hall CIO Notes to the Accounts

20 Reconciliation of net debt

Cash and cash equivalents
Net debt
At 1 July 2023
£
Cash flows
£
At 30 June
2024
£
58,470 5,449 63,919
58,470
58,470
5,449
5,449
63,919
63,919

21 Related party disclosures

Controlling party

The company is limited by guarantee and has no share capital; thus no single party controls the company.

Page 17

Thursley Village Hall CIO Detailed Statement of Financial Activities

for the year ended 30 June 2024

Income and endowments from:
Donations and legacies
Fundraising
Donations
Charitable activities
Rent from flat & nursery
Hirings
Internet facility
Investments
Bank Interest
Dividends
Total income and endowments
Expenditure on:
Costs of generating donations and
legacies
Fundraising
Total of expenditure on raising
funds
Governance costs
Independent Examination
Total of expenditure on charitable
activities
Other expenditure
Management & Admin costs
Caretaker, Gardener & Cleaner
Premises costs
Rates
Light, heat and power
Premises insurances
Premises repairs and
maintenance
Other premises costs
Unrestricted
funds
2024
£
9,117
200
9,317
29,400
3,257
3,600
36,257
1,425
94
1,519
47,093
5,561
5,561
5,561
120
120
120
223
3,400
3,623
1,086
10,266
2,939
7,621
5,689
27,601
Total funds
2024
£
9,117
200
9,317
29,400
3,257
3,600
36,257
1,425
94
1,519
47,093
5,561
5,561
5,561
120
120
120
223
3,400
3,623
1,086
10,266
2,939
7,621
5,689
27,601
Total funds
2023
£
11,145
10,181
21,326
29,480
2,773
3,329
35,582
466
3,173
3,639
60,547
7,855
7,855
7,855
120
120
120
281
500
781
1,122
11,208
2,883
12,484
3,701
31,398

Page 18

Thursley Village Hall CIO Detailed Statement of Financial Activities

General administrative costs,

including depreciation and
amortisation
Depreciation of land and
buildings
Depreciation of Fixtures &
Fittings
Depreciation of
Sundry expenses
Legal and professional costs
Accountancy and bookkeeping
Total of expenditure of other costs
Total expenditure
Net gains on investments
Net income
Net income before other
gains/(losses)
Other Gains
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
9,248
-
521
100
9,869
780
780
41,873
47,554
11,500
11,039
11,039
-
11,039
670,620
681,659
9,248
-
521
100
9,869
780
780
41,873
47,554
11,500
11,039
11,039
-
11,039
670,620
681,659
9,248
-
521
-
9,769
540
540
42,488
50,463
(1,003)
9,081
9,081
-
9,081
661,539
670,620

Page 19

Issuer

Issuer JMB Accounting Ltd Document generated Fri, 20th Jun 2025 16:07:27 BST Document fingerprint b60aa6337a17f77cc7871c51f82ad305

Parties involved with this document

Document processed

Party + Fingerprint

Sat, 21st Jun 2025 13:12:45 BST Sat, 21st Jun 2025 16:08:27 BST

Audit history log

Date

Fri, 20th Jun 2025 16:07:27 BST Fri, 20th Jun 2025 16:07:27 BST Fri, 20th Jun 2025 16:09:37 BST Fri, 20th Jun 2025 16:09:37 BST Sat, 21st Jun 2025 0:16:47 BST Sat, 21st Jun 2025 0:27:54 BST Sat, 21st Jun 2025 13:10:57 BST Sat, 21st Jun 2025 13:11:01 BST Sat, 21st Jun 2025 13:12:45 BST Sat, 21st Jun 2025 13:12:45 BST

Sat, 21st Jun 2025 13:12:46 BST Sat, 21st Jun 2025 16:07:59 BST Sat, 21st Jun 2025 16:08:27 BST Sat, 21st Jun 2025 16:08:28 BST

Valerie Ferris - Signer (750280091ae3e29f80ec06998c110e76) Jan Buckett - Signer (47d3d3c3fc2ba09ff1bf09ab7f788b07) Action Envelope generated by Michael Kay (89.213.31.164) Document generated with fingerprint b60aa6337a17f77cc7871c51f82ad305 (89.213.31.164) Sent the envelope to Valerie Ferris (ferrisvalerie@aol.com) for signing (89.213.31.164) Document emailed to ferrisvalerie@aol.com Valerie Ferris opened the document email. (172.226.183.15) Valerie Ferris opened the document email. (104.28.40.140) Valerie Ferris opened the document email. (87.248.116.214) Valerie Ferris viewed the envelope (62.56.9.162) Valerie Ferris signed the envelope (62.56.9.162) Sent the envelope to Jan Buckett (jbuckett@jmbaccounting.co.uk) for signing (62.56.9.162) Document emailed to jbuckett@jmbaccounting.co.uk Jan Buckett viewed the envelope (89.213.31.164) Jan Buckett signed the envelope (89.213.31.164) This envelope has been signed by all parties (89.213.31.164)