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← Wadhurst Institute, Hall And Field

2023-12-31-accounts

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Wadhurst Institute, Hall & Field CIO

2023/24 AGM

3[rd] October 2024

Chairman’s report John Mitchell

AGENDA

1. OPENING REMARKs

  1. CHAIRMAN’S REPORT –

To receive the 2023/24 annual report of the charity trustees.

  1. TREASURER’S REPORT –

To receive the accounts for the year ended 31 December 2023.

  1. CHARITY TRUSTEES –

To e-elect the following persons as charity trustees under clause 10.4 of the Constitution to serve until the end of the next AGM:

Roger Bishop, Jonathan Butler, Michelle Carter, Serena Gadd, Patricia Hay, Robert Stovell, Craig Watson,

To receive the following persons as Charity trustees under clause 10.5 of the Constitution to serve until the end of the next AGM as nominated by the following user bodies:

Wadhurst Cricket Club – John Mitchell

Wadhurst Football Club – Christopher Humphrey

  1. APPOINTMENT OF AUDITOR/EXAMINER

  2. ANY OTHER BUSINESS (previously notified)

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Wadhurst Institute, Hall & Field CIO

2023/24 AGM

3[rd] October 2024

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Purpose

The principal objectives of the Charity are to:

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Reflections - October 2023 to today

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Reflections - October 2023 to today

Operate

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Reflections - October 2023 to today

Maintain

Preserve

Committee room refurbishment Creation of the Institute hub (Institute room 2) Brewster room refurbish (old barber’s shop) Smart locks fitted to all external doors

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Revenue streams 2024

Rental

The Charity has leases on 7 offices (6 tenants), the Library (ESCC), the public toilets and the play park (WPC).

During the last quarter 4 of the offices became vacant due to 2 tenants outgrowing their space (1 had 2 rooms) and 1 unfortunately through serious illness.

In addition, the refurbished Committee room became available for hire or lease

The status as of this meeting one room has become a meeting room for hire (the Institute Hub) and 3 new leases have been let (3 tenants), 1 office remains available with a serious expression of interest lodged this morning.

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Revenue streams 2024

Services

The Charity has a service contract with Wadhurst Parish Council for the maintenance of the Public toilets and the play park on the Field. The standard of service is recognised as excellent which is highly appreciated by the community but repeated vandalism has been an issue.

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Revenue streams 2024

Facilities bookings

The Charity has 3 facilities available for hire by the hour:

WADHURST INSTITUTE HALL £¥ FIELD M£llN HALL CAPACITY 200 PEOPLE Iyivi'm ORC,ILIRD ROOII CAPACITY 30 PEOPLE TIIE IIL-B CAPACITY 14 PEOPLE C.ONT..IC.T TO HIRE cont3ct@wadhurstcornmemorationhall.org Www.wadhurstcommemor3tionh31Lorg

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2024 Customers

Customer base increasing year-on-year

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2022/24 Main Hall usage - Bookings

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----- Start of picture text -----
2022-2024 Main Hall usage - bookings
----- End of picture text -----

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----- Start of picture text -----
120
100
80
60
40
20
0
January February March April May June July August September October November December
2022 2023 2024
----- End of picture text -----

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2022/24 Main Hall usage – Hours Booked

2022-2024 Main Hall usage - hours booked

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----- Start of picture text -----
250
200
150
100
50
0
January February March April May June July August September October November December
2022 2023 2024
----- End of picture text -----

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Main Hall usage - utilisation

364 days @ 12 hours per day (9 to 9) = 4,368 hours available – 100%

2022 1,867 hours booked – 42.6% 2023 2,227 hours booked – 50.9% 2024 1,442 to end September + Q4 forecast of 520

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Facilities issues

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Summary

The Charity has had a good year and should continue to:

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Summary

So how will we find skilled empathetic trustees:

As suspected there were no applications from the community to stand for election as trustees so we will need to go out and find them. Having forecast this situation, the Committee in August had approved changes to the Constitution relating to the mix of allowable trustees (Elected, Nominated and Co-opted). Increasing the number of co-opted enables a targeted search.

CIO – Constitution – changes - 1

~~1.~~ ~~Change to the Trustee~~
composition.
10.1.1 There is no maximum
number of charity
trustees that may be
appointed to the CIO.
10.1.2 The charity trustees
shall have power to
elect a chairman and
vice-chairman. Subject
to this, the charity
trustees shall
comprise:
(i)
up to 12 charity
trustees elected in
accordance with
clause 10.4;
(ii)
up to 6 charity
trustees appointed in
accordance with
clause 10.5, and
(iii)
up to 2
individuals co-
opted by the
charity trustees
in accordance
with clause 10.6;
Clauses i and ii were revised
from 9/9 at a committee meeting on 31stAugust
2023
Suggested change:		 Suggested change:
(i) up to 12 charity
trustees elected in accordance with clause
10.4;
(i)
up to 3 charity
trustees appointed in
accordance with
clause 10.5, and
(ii)
up to 5
individuals co-
opted by the
charity trustees
in accordance
with clause 10.6;

CIO – Constitution – changes - 2

1. Change to the Quorum
criterion
14.1.1 Procedure at meetings
14.1.2 No decision shall be
taken at a meeting unless
a quorum is present at
the time when the
decision is taken. The
quorum is seven charity
trustees, or the number
nearest to one third of
the total number of
charity trustees,
whichever is greater, or
such larger number as
the charity trustees may
decide from time to time.
A charity trustee shall not
be counted in the
quorum present when
any decision is made
about a matter upon
which he or she is not
entitled to vote.
:		 Suggested change:
No decision shall be
taken at a meeting unless
a quorum is present at
the time when the
decision is taken.The
quorum is 50% plus one
of the charity trustees, or
the number nearest to
one third of the total
number of charity
trustees, whichever is
greater, or such larger
number as the charity
trustees may decide from
time to time. A charity
trustee shall not be
counted in the quorum
present when any
decision is made about a
matter upon which he or
she is not entitled to
vote.

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Wadhurst Institute, Hall & Field CIO

2023/24 AGM

End of Chairman’s report

Treasurer's Report Year ending 31st December 2023

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WADHURST INSTITUTE HALL AND FIELD

Registered Charity No. 1169908

Report and Accounts for the Year Ended 31 December 2023 Accepted by the Committee in August 2024

Summary

W￿HR5T V15TInW￿HIlLA￿D FIELD (Regi5t￿edch￿rkn rn9081 Forthpyparended 31 December 20ZJ Re￿ID￿￿T￿￿5￿￿5dw￿￿St￿5tI1uIeH￿l1andFle1dl￿￿Y￿e￿￿Pd Independent Examiners Report T￿cj￿￿y.STr￿￿s¢(W&th4￿1￿dl(lsnO1I•q￿•d%￿￿￿sy￿I￿￿￿￿o1on 144cl ￿Ch￿l•S&•))nIthVAC￿I￿ndihl1￿nlnd•P•rthN•￿￿kn1In••d•d rTh4¢¢<Vmlwthtc￿¢th745o1th•Ao1j rYlyex￿￿￿w￿￿1Ed(mA ￿aCCOrdanCeWllhGen￿￿￿¥ec￿￿￿￿Jth char￿yCC￿r￿￿SKTr ￿exaM￿￿1nClUdesarevieW 011￿￿(￿￿￿￿￿ec(￿5k?ptbY 1hectrw￿￿￿cXm￿￿lmd￿acCoUn1sPresenIedWth&￿[eC(￿&kO incILkn￿￿￿5￿d￿VLWm￿Aal1IeM50rdiscl0sUresTr￿￿￿m￿ts￿￿5e?klng exPl￿￿￿6￿C￿￿Tn￿eeSC￿￿prnlnganYs￿chrnatI￿s The￿￿￿￿￿￿￿T￿￿rtknknrK￿Provldeal11heeVidenCe￿¥￿￿￿te￿p￿edinan audit.￿d￿SE￿￿￿.1th￿eJ4pres5ana￿d1I0PinIOn￿￿￿￿￿X kndèpondont EKaThlnèt& statèmènt . the couise of ffty examination. no w.ai[ ha5 Gom.e io my aiien.lion- I Wthh gRpOS I￿1@￿&0n￿￿l@ eajsè th bèltèvè thai Irb any rhaiètial ièspéet. thè Tiustèès havp tbQl T￿1 IheipgwemenlS to¢n5we Ih¥; Piopèt aeeountthg lèttJid arè kèpt (ih acecdarè Sèttion 130 01 thè t): aGGowis piepaied w hith agf o vh Ihe aocouniitb9 le￿[d5 and ￿t￿P[Y wiihffi Ihe tcounling req￿ementS d ihé kni: Prww4ccthryi•¢tyd54[•kwtth•¢coid4no•wiihs•c￿ty)￿￿A￿L •id 2. TO￿￿.￿￿(￿￿ththo￿1db•dI1wnkn￿dw10•Tr&•￿ 2. To w kic￿ in ry opnion. alter￿￿On Should be diawn ￿ Ord￿ to enable a piry)ei undT51anth'ng of Ihfr aG¢gwis1g b if ag ￿rGK￿ G3JLTht*

VA[ll￿15T KWSTITUTE HALL AND FELO (Regislered Charity No. I169￿) Fov ihe year ended 31 December 2023 ReFX¥ttotheTIu5teesolWadFwtlnstituteHal arwJFddloithe yeatended31 2023 ChyN) 1￿331￿$￿t 0rtontheF4oce￿nQpaQes Rèspècti￿ Rèsponsibilitlès ol TNstèès and Emamlnèi Ch￿ty¢STru$￿S¢onsld0rthatan ajditis n￿l@qllIed1oI isyar (Lrdèrsèctlon 144of thèClwièsP£t20111thètsl ¥dthatanindwndoN +￿1rrInat￿JnISn•d￿d Independent Examiners Report iSmyreW￿b￿rry. EXa￿￿Tre1h￿￿C¢o￿S1UnderSe￿ioThX5of iheAcil To Iclov yoce&4eslad okwn niheGerialDiiecrions givenbyiheChaiwComThission Iwdetse￿￿￿N￿s1Cl theA￿l￿¢05¢￿ewk￿elMJtter$￿a￿CQrneto￿at1ent￿n Basis 01 indeperldeni examineffs sraiemeni MyexwTrrFaiion was carriedouiin xcold￿e Gener￿D￿ec1￿nSgIVenbYthe C￿lyc0￿mIsSlQD. exaThlnaibJninckAesaiev￿V olihexcoumngrecordskepiby Chyandincorrpaiison.of accounts presented with ihoserecoids. li also w￿￿￿Je5cOn9de11oY1Ol￿yun￿5ua1Iterns oidisclosuies n t￿aC¢C￿nISandStekTrj expL¥￿t￿sho￿ theT[u￿ees C￿e[n￿ ￿¥} suchmtei FrwedweswwJeitend0r￿ dltheevthnceihatwcwldberequTed n ar) 5t.and¢on5eqUErtJy.Idornt expie55an ￿￿dit0P[¥0Tronthe ￿00￿￿ts. Daied 16th Augusi 2024 In COLVSe d rny @￿InatiOn. no Mat￿ has comè io my atiONlon: Mr G Khan ACMA G3J Limited 32 Abinger Drive Redhill Suirey. RH1631 1. w￿￿h9￿sM•rasona￿kn caAs•tobdVav•thatin￿Yrnal¢ri￿ r￿P•C￿lh￿Trust••s hw•Mtmith•r•quY￿sto grsur•that'. Pioper xcouningrecoids ae kept lin XC0rd￿•￿fth Sect￿ 13001¢￿ ActL' and courts e pieparedwkichagiee Wlththeacc￿ThIThJrecordSand¢OrrF1ywll￿1n couNingrequKemeNsol Aci.. or 2. To whth.in myoprion. aiieMonsknJdbe&awn n cKder ioenleapioper of iheaCc￿￿SIobe iexhed Dknj FAhAwt2024 GKh￿ Acr14 G3JLinitod Rodyl Surw.FM65Y

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Income

Expenditure

The deficit results from a committee decision to absorb Energy price increases for 1 year. To minimise impact on hiring fees and effect cost recovery solutions for the tenants.

2024 YTD Financial (cash) Performance

31[st] Dec 2023

30[th] Sept 2024

£74,963

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Wadhurst Institute, Hall & Field CIO

2023/24 AGM

End of Treasurer’s report

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Election of Charity trustees

To re-elect the following persons as charity trustees under clause 10.4 of the Constitution to serve until the end of the next AGM:

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Nominated Charity trustees

To receive the following as nominated by their respective User Body’s as charity trustees under clause 10.5 of the Constitution to serve until the end of the next AGM:

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Appointment of Independent Examiner

Whilst acknowledging Gulshan Khan’s work over the past 5 years, the Finance team feel it appropriate to propose a new examiner: Paddy Langdon Lifetime Fellow of the Institute of Chartered Accountants having retired from his partnership in 2012 and then did consultancy until 2016.

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Any Other Business

Nothing has been previously notified.

Classified as Internal#x000D

DRAFT

WADHURST INSTITUTE HALL AND FIELD

Registered Charity No. 1169908

Report and Accounts for the Year Ended 31 December 2023

Classified as Internal #x000D

WADHURST INSTITUTE HALL AND FIELD

Registered Charity No. 1169908

Content of the Report and Accounts

for the Year ended 31 December 2023
Page
Report of the Independent Examiner 1
Income and Expenditure Account 2
Balance Sheet 3
Notes to the Accounts 4 - 5

Classified as Internal #x000D

INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF THE

WADHURST INSTITUTE HALL AND FIELD (Registered Charity No. 1169908)

For the year ended 31 December 2023

Report to the Trustees of Wadhurst Institute Hall and Field for the year ended 31 December 2023 Charity No 1169908 set out on the proceeding pages

Respective Responsibilities of Trustees and Examiner

The Charity’s Trustees consider that an audit is not required for this year (under section 144 of the Charities Act 2011 (the Act) and that an independent examination is needed

It is my responsibility to:

Examine the accounts (under section 145 of the Act)

To follow procedures laid down in the General Directions given by the Charity Commission (under section 145(5) of the Act) and to state whether matters have come to my attention

Basis of independent examiner’s statement

My examination was carried out in accordance with General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the Charity and in comparison, of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from the Trustees concerning any such matters.

The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently, I do not express an audit opinion on the accounts.

Independent Examiners statement In the course of my examination, no matter has come to my attention:

met the requirements to ensure that:

Proper accounting records are kept (in accordance with section 130 of the Act); and accounts are prepared which agree with the accounting records and comply within the accounting requirements of the Act; or

  1. To which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached

Signed

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Dated 16th August 2024

Mr G Khan ACMA G3J Limited 32 Abinger Drive Redhill Surrey, RH1 6SY

Page 1

Classified as Internal #x000D

WADHURST INSTITUTE HALL AND FIELD

Registered Charity No. 1169908

RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2023

INCOME
Rentals
Managed Services
Hirings
Events
Grants, Donations & Misc
Insurance claims - against expenditure
Bank interest received
EXPENDITURE
Employment costs
Rates & Council Tax
Light and heat
Water
Refuse collection
Cleaning
Cleaning support
Telephone & broadband - cottage
Hall wif
Insurances
Website, marketing and advertising
Licences and subscriptions
Legal and professional fees
Repairs, maintenance and Projects
Remedial works food damage
Events
Ofce costs inc mobile
Miscellaneous
Paypal and other fees
Depreciation
Utility Recoveries
Insurance claims
SURPLUS/(DEFICIT) for the year
GENERAL FUND
Balance at 1 January
(Defcit)/Surplus for the year
Transfer from New Hall Fund
Balance as at 31 December		 2023
£
26,709
12,377
33,138
9,911
6,811
735
89,681
24,561
3,525
31,636
2,330
2,730
1,704
5,149
30
662
3,539
184
677
7,449
23,307
14,396
7,597
735
637
70
864
(6,991)
(19,431)
105,360
(15,679)
80,493
(15,679)
0
64,814		 2022
£
[restated]
35,114
6,875
21,673
0
6,116
154
69,932
18,661
3,588
15,338
3,206
2,310
1,063
1,615
488
450
2,780
758
692
4,376
12,137
11,730
0
399
51
1,013
(6,649)
(3,091)
70,915
(983)
81,476
(983)
0
80,493

Page 2

Classified as Internal#x000D

WADHURST INSTITUTE HALL AND FIELD

Registered Charity No. 1169908

BALANCE SHEET AS AT 31 DECEMBER 2023

Notes
Fixed Assets
Freehold premises at Insured Value
1
Annexe refurbishment at cost
2
Institute refurbishment at cost
3
Less: Depreciation of refurbishments
Equipment at cost
4
Less: depreciation
Net book value of Fixed Assets
Current Assets
Debtors and prepayments
5
Cash at bank and in hand
6
Current Liabilities
Creditors and accruals
7
Net current assets
Total Net Assets
REPRESENTED BY:
Premises valuation reserve
General Fund
Signed:
Dated:
ON BEHALF OF THE BOARD OF TRUSTEES		 2023
£
£
3,799,528
53,769
6,892
60,661
(60,661)
6,053
(6,053)
0
3,799,528
0
64,814
64,814
0
64,814
3,864,342
3,799,528
64,814
3,864,342		 2022
£
£
3,123,712
53,769
6,892
60,661
(60,661)
6,053
(5,189)
864
3,124,576
0
79,629
79,629
0
79,629
3,204,205
3,123,712
80,493
3,204,205		 2022
£
£
3,123,712
53,769
6,892
60,661
(60,661)
6,053
(5,189)
864
3,124,576
0
79,629
79,629
0
79,629
3,204,205
3,123,712
80,493
3,204,205
6,053
(6,053)		 6,053
(5,189)
0
64,814		 0
79,629
3,124,576
79,629
0
79,629
3,204,205
3,123,712
80,493
3,204,205

Page 3

Classified as Internal#x000D

WADHURST INSTITUTE HALL AND FIELD

Registered Charity No. 1169908

NOTES TO THE ACCOUNTS 31 DECEMBER 2023

TANGIBLE FIXED ASSETS

1 Property Acquired £ £
Commemoration Hall 1923 2,382,709
Institute 1904 926,730
Cricket Pavilion 264,616
Bowls Pavilion 225,474
Playing Field 1921 Not valued
3,799,528
The cost of the above assets is not ascertainable and in the absence
of a market valuation they are recorded at their current insured value.
Any surplus arising has been credited to the Premises Valuation Reserve.
2 Refurbishment of Annexe
COST
At 1 January 2023 53,769
DEPRECIATION
At 1 January 2023 53,769
NET BOOK VALUE
At 31 December 2023 NIL
At 31 December 2022 NIL
3 Refurbishment of Institute
COST
At 1 January 2023 6,892
DEPRECIATION
At 1 January 2023 6,892
NET BOOK VALUE
At 31 December 2023 NIL
At 31 December 2022 NIL

Page 4

Classified as Internal# _x 000D _

WADHURST INSTITUTE HALL AND FIELD

Registered Charity No. 1169908

NOTES TO THE ACCOUNTS 31 DECEMBER 2023 continued

4
Equipment
COST
At 1 January 2023
Additions
At 31 December 2023
DEPRECIATION
At 1 January 2023
Charge for the year
At 31 December 2022
NET BOOK VALUE
At 31 December 2023
At 31 December 2022
5
Debtors and Prepayments
Rents
Managed Services
Hirings
Recoveries
6
Cash at Bank and in Hand
Current account
Reserve account
Cash
7
Creditors and accruals
Rent prepaid
Recoveries prepaid
Cost accruals		 3,416
2637
0
0
Sound
System
Ceiling
fans		 Total

6,053

0
3,416
2,637
6,053
3,212
1977
204
660		 5189

864
3,416
2,637
6,053
0
0		 0
204
660
864
2023
£
0
0
0
0
0
2023
£
9,742
55,072
0
64,814
2023
£
0
0
0
0		 2022
£
0
0
0
0
0
2022
£
8,792
70,837
0
79,629
2022
£
0
0
0
0

NOTE There are no Debtors or Creditors at 31.12.2023 and 2022 as the accounts have been prepared on the cash basis.

Page 5

Classified as Internal#x000D

DRAFT

WADHURST INSTITUTE HALL AND FIELD

Registered Charity No. 1169908

Report and Accounts for the Year Ended 31 December 2023

Classified as Internal #x000D

WADHURST INSTITUTE HALL AND FIELD

Registered Charity No. 1169908

Content of the Report and Accounts

for the Year ended 31 December 2023
Page
Report of the Independent Examiner 1
Income and Expenditure Account 2
Balance Sheet 3
Notes to the Accounts 4 - 5

Classified as Internal #x000D

INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF THE

WADHURST INSTITUTE HALL AND FIELD (Registered Charity No. 1169908)

For the year ended 31 December 2023

Report to the Trustees of Wadhurst Institute Hall and Field for the year ended 31 December 2023 Charity No 1169908 set out on the proceeding pages

Respective Responsibilities of Trustees and Examiner

The Charity’s Trustees consider that an audit is not required for this year (under section 144 of the Charities Act 2011 (the Act) and that an independent examination is needed

It is my responsibility to:

Examine the accounts (under section 145 of the Act)

To follow procedures laid down in the General Directions given by the Charity Commission (under section 145(5) of the Act) and to state whether matters have come to my attention

Basis of independent examiner’s statement

My examination was carried out in accordance with General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the Charity and in comparison, of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from the Trustees concerning any such matters.

The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently, I do not express an audit opinion on the accounts.

Independent Examiners statement In the course of my examination, no matter has come to my attention:

met the requirements to ensure that:

Proper accounting records are kept (in accordance with section 130 of the Act); and accounts are prepared which agree with the accounting records and comply within the accounting requirements of the Act; or

  1. To which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached

Signed

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Dated 16th August 2024

Mr G Khan ACMA G3J Limited 32 Abinger Drive Redhill Surrey, RH1 6SY

Page 1

Classified as Internal #x000D

WADHURST INSTITUTE HALL AND FIELD

Registered Charity No. 1169908

RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2023

INCOME
Rentals
Managed Services
Hirings
Events
Grants, Donations & Misc
Insurance claims - against expenditure
Bank interest received
EXPENDITURE
Employment costs
Rates & Council Tax
Light and heat
Water
Refuse collection
Cleaning
Cleaning support
Telephone & broadband - cottage
Hall wif
Insurances
Website, marketing and advertising
Licences and subscriptions
Legal and professional fees
Repairs, maintenance and Projects
Remedial works food damage
Events
Ofce costs inc mobile
Miscellaneous
Paypal and other fees
Depreciation
Utility Recoveries
Insurance claims
SURPLUS/(DEFICIT) for the year
GENERAL FUND
Balance at 1 January
(Defcit)/Surplus for the year
Transfer from New Hall Fund
Balance as at 31 December		 2023
£
26,709
12,377
33,138
9,911
6,811
735
89,681
24,561
3,525
31,636
2,330
2,730
1,704
5,149
30
662
3,539
184
677
7,449
23,307
14,396
7,597
735
637
70
864
(6,991)
(19,431)
105,360
(15,679)
80,493
(15,679)
0
64,814		 2022
£
[restated]
35,114
6,875
21,673
0
6,116
154
69,932
18,661
3,588
15,338
3,206
2,310
1,063
1,615
488
450
2,780
758
692
4,376
12,137
11,730
0
399
51
1,013
(6,649)
(3,091)
70,915
(983)
81,476
(983)
0
80,493

Page 2

Classified as Internal#x000D

WADHURST INSTITUTE HALL AND FIELD

Registered Charity No. 1169908

BALANCE SHEET AS AT 31 DECEMBER 2023

Notes
Fixed Assets
Freehold premises at Insured Value
1
Annexe refurbishment at cost
2
Institute refurbishment at cost
3
Less: Depreciation of refurbishments
Equipment at cost
4
Less: depreciation
Net book value of Fixed Assets
Current Assets
Debtors and prepayments
5
Cash at bank and in hand
6
Current Liabilities
Creditors and accruals
7
Net current assets
Total Net Assets
REPRESENTED BY:
Premises valuation reserve
General Fund
Signed:
Dated:
ON BEHALF OF THE BOARD OF TRUSTEES		 2023
£
£
3,799,528
53,769
6,892
60,661
(60,661)
6,053
(6,053)
0
3,799,528
0
64,814
64,814
0
64,814
3,864,342
3,799,528
64,814
3,864,342		 2022
£
£
3,123,712
53,769
6,892
60,661
(60,661)
6,053
(5,189)
864
3,124,576
0
79,629
79,629
0
79,629
3,204,205
3,123,712
80,493
3,204,205		 2022
£
£
3,123,712
53,769
6,892
60,661
(60,661)
6,053
(5,189)
864
3,124,576
0
79,629
79,629
0
79,629
3,204,205
3,123,712
80,493
3,204,205
6,053
(6,053)		 6,053
(5,189)
0
64,814		 0
79,629
3,124,576
79,629
0
79,629
3,204,205
3,123,712
80,493
3,204,205

Page 3

Classified as Internal#x000D

WADHURST INSTITUTE HALL AND FIELD

Registered Charity No. 1169908

NOTES TO THE ACCOUNTS 31 DECEMBER 2023

TANGIBLE FIXED ASSETS

1 Property Acquired £ £
Commemoration Hall 1923 2,382,709
Institute 1904 926,730
Cricket Pavilion 264,616
Bowls Pavilion 225,474
Playing Field 1921 Not valued
3,799,528
The cost of the above assets is not ascertainable and in the absence
of a market valuation they are recorded at their current insured value.
Any surplus arising has been credited to the Premises Valuation Reserve.
2 Refurbishment of Annexe
COST
At 1 January 2023 53,769
DEPRECIATION
At 1 January 2023 53,769
NET BOOK VALUE
At 31 December 2023 NIL
At 31 December 2022 NIL
3 Refurbishment of Institute
COST
At 1 January 2023 6,892
DEPRECIATION
At 1 January 2023 6,892
NET BOOK VALUE
At 31 December 2023 NIL
At 31 December 2022 NIL

Page 4

Classified as Internal# _x 000D _

WADHURST INSTITUTE HALL AND FIELD

Registered Charity No. 1169908

NOTES TO THE ACCOUNTS 31 DECEMBER 2023 continued

4
Equipment
COST
At 1 January 2023
Additions
At 31 December 2023
DEPRECIATION
At 1 January 2023
Charge for the year
At 31 December 2022
NET BOOK VALUE
At 31 December 2023
At 31 December 2022
5
Debtors and Prepayments
Rents
Managed Services
Hirings
Recoveries
6
Cash at Bank and in Hand
Current account
Reserve account
Cash
7
Creditors and accruals
Rent prepaid
Recoveries prepaid
Cost accruals		 3,416
2637
0
0
Sound
System
Ceiling
fans		 Total

6,053

0
3,416
2,637
6,053
3,212
1977
204
660		 5189

864
3,416
2,637
6,053
0
0		 0
204
660
864
2023
£
0
0
0
0
0
2023
£
9,742
55,072
0
64,814
2023
£
0
0
0
0		 2022
£
0
0
0
0
0
2022
£
8,792
70,837
0
79,629
2022
£
0
0
0
0

NOTE There are no Debtors or Creditors at 31.12.2023 and 2022 as the accounts have been prepared on the cash basis.

Page 5