Brown Edge Village Hall Limited (A company limited by guarantee) Report and Financial Statements For the Year Ended 31 December 2023 Charity Number.. 1169331 Company Numb8r.' 9808984
Brown Edge Village Hall Limited Contenls Page Legal and Administrative Information TnJsle8s Annual Report Independent Examineffs Report ststement of Financial A¢livili8s Balance Sheet Notes to the Financial Statements
Brown Edge Village Hall Limited Legal and Administrative Information Status The organisation is a charitable company limited by guaranlee, incorporated on 4 October 2015 8nd registered as a charity on 23 September 2016. The company Is established under 8 Memorandum of Association which established the objects and powers of the charitable company and is governed by its Articles of Association. The members of the company agree to a maximum liability of £1 each in the event of the company being wound up with insufficient funds. Should there be any surplus funds on the wnding up of the company then Ihis shall not b& distribLJted to the membeTS but to another charity with similar objectives. Under those Articles. the elecled serving members of the Management Committee continue howèver one third retire ea¢h year bul are eligible for re-election. Dlrectors and Trustees The dire¢tors of the charitable company (the charilyl are il's trustees for the purpose of charity law and through out this report are collectively referred lo as the trustees. The trustees setving during the year and since the year end were as follows Mr E Sims Mrs B Hurlstone Mrs J M Turner Mr W Holdcroft Mr P R Turner Mr N Owen Mr K D Knight Charity secretary Mrs J M Turner Registered office G1 Bellringer Road Trenlham Business Quarter Stoke on Trent staffordshire ST4 8G8
Brown Edge Village Hall Limited Trustees Annual Report for the year ended 31 December 2023 The trustees present their report along with the financial statements for the year ended 31 December 2023. The financi81 slalements have been prepared in accordance with the accounting policies sel out in note 1 to the accounts and ¢omply with the charivs Memorandum and Arbcles of Association. the Charities Act 2011,Ihe Companies Act 2006 and the Slalement of Recommended Practice applicable to charib'es preparing their accounts in accordance with the Financial Reporting Standard appli¢able in the UK and Republic of Ireland published on 16 July 2014. Managemènt and governance arrangements The Charity is a company limited by guarantee governed by its Memorandum and Articlès of Association. 11 is registered as a charity with the charity ¢ommission. The Trust has a board which comprises currently of 7 Directors. The board is free to invite oth8r directors lo join if it so desires. It also has the ability lo c&opl any other members with special skllls. Th& board is responsible for overseeing the financial situ8lion, propriety, and direction and policy of the Trust. Risk managèmènt The ¢ommittee actively review the major risks which the charity faces on a regular basis and believe that maintaining reserves al the ¢urr8nt lèvels, combined with an annual réview of the controls over key financial systems, will provide sufficient resources in the event of adverse condilions. The committee have also examined other operational and business risks faced by the charity and confirm that they have established syslerns 10 mitigate the significant risks. Objectives The obje¢tives are to further or benefit the residents of Brown Edge, Stoke on Trent and the surrounding and wider area, without distinction of sex, sexual orientation, race, political, religious or other opinions by associating (ether the said residents and the local authorities, voluntary and other oryanisations in a common effort to advance education and lo provide facilities in the interests of social welfare for recreation leisure time occupation with Ihe objective of improving the Conditions of life for the residents, PublSc benèf5t In shaping our objectives and planning our aclivilies, the trustees have considered the Charity Commission's guidance on public benefit. Achievèmènts The Charity has fullfilled ils objectives to benefit the residents of Brown Edge and the wider area. Financlal revlew. The Charity is financially sound al the balance sheet dale. Total funds of £135,48612022.. £137,417) wll, in Ihe opinion of the directors. enable it lo continue its operations. Rèserves Pollcy Reserve policy is lo hold enough reserves lo meet the current budget in order to ensure the ongoing operation of the charities activitie5. This is reviewed regularly at the committee meetings. Acknowledgements These finanGial slalements set out the resufts of the year bul do not reflect the considemble and vital support given to the Trust by all connected with the chxrity, such sijpport is wlal for the ¢h8rily lo function successfully.
Brown Edge Village Hall Limited Trustees Annual Report forthe year ended 31 December 2023 Future Plans Th& Trustees continue lo consider how best to move forward in providing the serVIS and support required by our users in these ohallallgirig times. The Trustees meet regularly to asses the current climate and its affects on the charity is discussed. Statement of trustees responsibilities Company law reqUIS that the directors prepare financial stalements for each financial year lo give a true and fair view of the slate of affairs of the charitable company as al the balance sheet dat&, of its incoming resources and application of those resources. including income and &xpendilure, for the year. In preparing those statements, the board has selected suitable 8ccounling policies and applied them consistently, made judgemenls and eslimales that are reasonable and prudent and prepared the financial stslements on a going concern basis, reflecting the charitable compan5ls increasing success. The trustees acknowledge responsibility for mainlaining proper accounting records which disclose with reasonable accura¢y al any time the financial posilion of the charitable Company and enable them lo ensure that financial statements comply with the Companies Act 2006. They have also safeguarded the assets of the charitable company and taken reasonable steps lo prevention and delecl fraud or other irregijlarities. Members ofthe board Members of the board, directors for the purpose of company law and Iruslees for the purpose of charity law, who served during the y&ar are set out on page 1, Members of the charitsble company guamntee to contribute an amount not exceeding £1 lo Ihe assets of thè company in the event of winding up. The number of such guarantees al 31 December 2023 was 7. This report was approved bythe managament committee and signed on Its behalf by.. Mr.P.R.Turner Dale.. 26 September 2024
Brown Edge Village Hall Limited Independent Examiner's Report for the year ended 31 December 2023 I report to the Iruslees on my examination of the accounts of Brown Edge Village Hall Limited Ithe Trust) lor the ye8r ended 31 December 2023, which ar& sel out on pages 5 10 11. Résponsibilities and basls of report As the charity's Irusletss of the company {and also ils directors for the purposes of company lawl you are responsible for the preparation of the accounts in accordance with the reqU1ments of the Companies Act 20061'the 2006 Acl'l. Having satisfied myself that the accounts of the company are not required lo be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charills accounts as Carried OLJt under section 145 of thè Charities Act 2011 Ilhe '2011 Act'l. In carrying out my examin81ion I have followed the Directions given by Ihe Charity Commission under section 1451Sllbl of the 2Q11 Act. Independent examiner's stat8m8nt I have completed my examination. I confimi that no mallers have come to my attention in connection with the examination giving me cause to believe.. 1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act., or 2. the a¢Unts do not accord 1th those records., or 3. the accounts do not comply wth the accounting reqLJirements of section 396 of the 2006 Act other than any requirement Ihat the accounts giva a 'lrue and fair view which is not a matter considerod as part of an independent examination-, or 4. thè accounts have not been prepared in accordance with the methods and prinuples of the Statement of Recommended Practice for accounting and reporting by charities lapplicable to charities preparing their accounts in a¢¢ordance with the Financial Roporting Standard applicable in the UK and Republic of Ireland IFRS 10211. I have no concerns and have come across no olher matters in connection rith the examination lo which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Kelth Salt FCCA Independent Examin&r BK Plus Limited Chartered Certified Accountants Adventu Place Hanley Stoke on Trent Slaffordshire ST1 3AF Dated.. 26 September 2024
Brown Edge Village Hall Limited Statement of Financial Activities { including Income & Expenditure Account) for the year ended 31 December 2023 2023 Total Funds 2022 Total Funds Unrestricted Notes Funds Restricted Funds Income Donations and grants 1,495 1,495 1,797 Income from charilable activities.- Rental income and re¢harges 29,628 29,628 28,562 Investment inwme Total in¢ome 31,123 31,123 30,359 Expenditure Expenditure on charitable activities.. Prtsmises running costs 33,054 33.054 26,469 Total expenditure 33,054 33,054 28,469 Net income {1,9311 11,9311 3,890 Gross transfers between funds 14 Nat movement in funds 11,9311 11,9311 3,890 Reconciliation of funds Totsl funds at 1 January 2023 Total funds at 31 December 2023 137.417 135,486 137,417 135.486 133,527 137,417 The statement of financial activities includes all gains and losses recognised in the year. The notes on pages 7 10 11 form part of these accounts.
Brown Edge Village Hall Limited Balance Sheet as at 31 December 2023 2023 2022 Notes Fixed assets for use by the Charity Tangible assets 19,692 125,221 Curront assets Debtors Cash at bank and in hand 14,883 18,269 33,152 14,443 12,901 27,344 Creditors.. amounts falling due within one year Net Current Iliabilltiesl l assots 17,358 15,148 15,794 12,196 Total assets less current liabilities belng net assets 13 135,486 137,417 The funds of the ¢harity . Restricted funds Unreslriclèd funds 135.486 137,417 Total charlty funds 14 135,486 137,417 For the year ended 31 December 2023 the company was entitled to exemption from audit under se¢lion 477 of the Companies Act 2006. No member of the company has deposited a noti, pursuant to section 476, requiring an audit of these financial statements under the requirements of th8 Companies Act 2006. Tha tnjstees acknowledge their responsibilities for complying with the requirements of the Companies A¢1 2006 with respeGI to accounting records and the prep8ralion of accounts. The accounts have been prepared, in accordance with the requirements of Section 394 and 395, and whi¢h otherwise comply fj(h the requirerllenls of the Companies Act 2006 relating lo accounts, so far as applicable lo the company. These financial ststemenls have been prepared in accordance with the prowsions applicable to companies subject to the small companies regime and in accordance nth FRS 102 Section 1A- sm811 entities. The financial statements were approved and authorlsed for issue by thg dlrectors and signed on thèlr behalf by- Mr.P.R.Turner Dale.. 26 September 2024 Company Number.. 9808984
Brown Edge Village Hall Llmited Notes to the Financsal Ststements for the year end8d 31 December 2023 1 Ac¢ountlng policie$ Accounting corjvention The accounts (financial statements) have been prepad under the historical ¢osl convention with items rocognised al cost or transaction value unless olhenwis8 slated in the r8l&vant notelsl lo these accounts. The financi81 slaletnÈnls have been prepared in attordance wth the Slatemenl of Recommended Pf8cIl". Accounting and R&porting by Charities preparing their accounts in accordance with the Financial RepoTting Standard applicable in the UK and RepubliG of Ir8land IFRS 1021 issued on 16 July 2Q14 and the Financial Reportirbo Standard applitabl& in the United Kingdom and Republic of Irelan(I IFRS 1021 and th8 Cornpaniés Act 2006. The tru81 con51ilules a public benefit Èntity 88 defined by FRS 102. Incomlng resources Volun18ry income Is received by way of donations and gifts and is Included in full in th8 Statement of Fin8nryal A¢livities when re(eiv8ble. The value of servi$ provided by voluntèers has not been included. Grants, including grants for the purchase of fixed asset5, are r8gnIsed In fu11 in the Statam8nt of Financi81 Activities In the year in which they are reGeivable. Incornino resources frotn investments are in¢lud8d vthen ¢01vabl&. ResourGes expendedond basls ofallocatlon of costs All expenditure is accounted for on an accwals basis and h3s b88n classified under headings that aggrate all costs Ihal r8lal& to the category. location of ovethead 8nd support costs. location and 5UPPOrt costs have been allocated on an albcation basis which is considered appropriat8 lo the nature of the c05t. Cost of 9$nÈratlng fund5 Fundraising expenditure comprises eOSt5 in¢urr8d in induong p80ple and org2nisations lo contribute tinancially to the work of the charity. Flxed assets and depreciation I purchase5 of a Capital nature aro ¢apitalised al cosi. Depr&ciation is provid8d at rates calculated to wrlle off thè cost of aach tangible fixed asset over ils expected usefu1 lrfe as follows Land and buildings Property fixtures and fittlros Equiptneni straight line over 50 ye8r5 8traight linè over 15 years 25Jo Straight1ine Untsstricted ndS Unreslricled funds are donations 8nd other Incoming resourcas receivable or g8nerated for the objects of the charity thout further spocif18d purpose and are available as general funds. Designated funds Designated funds ar8 unrestrid funds e8rmarked by the Tnan3gem8nt [rnittee for partlGular purp08e5. Restricled furjds Restricted funds are to be used for sp8ufied purwses as laid down by the donor. ExndItUre which m88ts thesé cri18ria is ch3TgÈd lo the fund.
Brown Edge Village Hall Limited Notes to the Financial Statements for the year ended 31 December 2023 2 Donations and grants Unrestrlcted Restrfcted 2023 2022 Sundry Donations Granis 1,495 1.495 1,797 1,495 1.495 1,797 3 Income from charitable aGtlvltles Unrestrscted Resttlcted 2023 2022 Hall rent Wayle8V8 29.624 29,624 28,557 29,62B 29,628 28,562 4 Investrnent income Unrestricted Restrlcted 2023 2022 UK interest rettived 5 Taxatlon The charitable company is exempt from corporation lax on its charita& aclivities. 6 Ajlooatlon of support costs and tsverheads All costs durlng the year are dlrecuy attributable lo aclivitles and therefore no allocation has been rqUr8d.
Brown Edge Village Hall Limited Notes to the Financial Stat8menls for the year endèd 31 Dècember 2023 7 Analysis of charitable expenditure The charity has only one Gharitable activity being the Provlsion of on 8ile faGilitses for the Ioc81 community. The expense analysis is shown b810w'. urestlCted Restricted 2023 2022 H8at and light Insurance Rates Car park rent Rep8irs and tnaintenance Telephone Cleaning servic8s Cleanin9 materia15 Offi¢e expenses, repairs & mainiÈnante Printing, postage and slalionery Advértising Legal and prof8ssional fees Independent examination fee Subscriptions Bank ch3rges Sundries Depreciation 7,960 1,999 569 400 7,303 639 5,312 262 1,427 7,960 1.999 569 400 7,303 639 5,312 262 1,427 5,993 1.920 631 1,535 1,633 6,397 244 1,096 133 25 180 685 409 75 180 872 75 180 872 91 5.529 91 5,529 5,528 26,469 33.054 33,054 8 Employees 2023 2022 Average number of employees being the unpaid director5
Brown Edge Village Hall Limited Notes to the Financial Statements for the year ended 31 December 2023 Tanglbla flxod a550ts Property flxture5 and Land and fittings Equipment building$ Total Cost At 1 January 2023 Addition5 Disp05aL8 At 31 DeGeFnber 2023 36,263 2,298 107.530 126,722 38.263 2,298 107,530 146,091 Depreciation Al 1 January 2023 Charge for the Year Disposals Al 31 Dec8mber 2023 6,854 3,268 1.32$ 325 12,691 1,936 11,423 5,529 10,122 1.850 14,627 26,399 Net book value At 31 Decefflber 2023 26.141 648 92.903 119,692 At 1 January 2023 29.409 973 94,839 125.221 The hall has a cov8nanl attached which st218s that il ha5 10 bÈ u8&d for the benefit of th8 comrnunily and therefore its market value 15 difficult ta ascÈrtain. The hall has therefor8 been included ai Its original cost. 10 Capstal commilments At the year end the charity had no ¢apital commitments. 11 Debtors 2023 2022 Trade debtors 14,883 14,443 14.883 14,443 12 Creditors.. amount8 falllng due wlthln one yoar 2023 2022 Trade creditors Income received in advanc Accruals 796 15,806 756 591 13,917 640 17,358 15.148 10
Brown Edge Village Hall Llmlted Notes to the Financial Statements for the year ended 31 December 2023 General Rèstrlct8d funds funds Totsl funds 13 Analysis of net 8ssets between funds Fund balanS as at 31 Dember 2D23 are represent8d by.. Tangible fixed assets Curr8nt assets Current liabilities 119,692 33.152 117.3581 135.486 119,692 33,152 117,3581 135,486 Totsl net asset5 Asatl January Incoming 2023 resour¢¢$ As8t31 Dac8rnber Outgoing resource$ Transf8rs 14 Mt>vements In funds 2023 Unrestricted funds.. GÈner81 fund 137,417 137,417 31,123 33,054 135,486 135,486 Total Unrestricted fvnd$ Restrlcted funds No restrided funds were operated during the period Total rest¢tad funds Total funds 137,417 31,123 33.054 135,486