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2022-12-31-accounts

REGISTERED CHARITY NUMBER: 1171017

Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 December 2022

for

Wethersfield Village Hall (CIO)

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Wethersfield Village Hall (CIO)

Contents of the Financial Statements for the year ended 31 December 2022

Page
Report of the Trustees 1 to 2
Statement of Financial Activities 3
Balance Sheet 4
Notes to the Financial Statements 5 to 7
Detailed Statement of Financial Activities 8

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Wethersfield Village Hall (CIO)

Report of the Trustees

for the year ended 31 December 2022

The trustees present their report with the financial statements of the charity for the year ended 31 August 2021. The trustees have adopted the provisions of 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 2019).

STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document

The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number

1171017

Principal address

Braintree Road Wethersfield Braintree Essex CM7

Trustees

G Hitchings M Curtis J Broad D Brignall-Harvey W Martin S Clubley D Martin

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S Pilgrim D Ling C Holliday E James M McCloud H Everett J Birks

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Wethersfield Village Hall (CIO)

Report of the Trustees

for the year ended 31 December 2022

Approved by order of the board of trustees on ……………. and signed on its behalf by:

G Hitchings - Trustee

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Wethersfield Village Hall (CIO)

Statement of Financial Activities for the year ended 31 December 2022

Notes
INCOME AND ENDOWMENTS FROM
Notes
INCOME AND ENDOWMENTS FROM
Notes
INCOME AND ENDOWMENTS FROM
Notes
INCOME AND ENDOWMENTS FROM
Notes
INCOME AND ENDOWMENTS FROM
2022
2021
Unrestricted
Total
fund
funds
£
£
7,520
22,099
6
29,625
7,002
2,420
20,203
12,110
32,313
Hall hire 10,943 7,520
Grants 2 (45) 22,099
Interest 3 94 6
Total 10,991 29,625
EXPENDITURE ON
Raisingfunds 2,428 7,002
Expenses 10,994 2,420
NET INCOME (2,431) 20,203
RECONCILIATION OF FUNDS
Total funds brought forward 32,313 12,110
TOTAL FUNDS CARRIED FORWARD 29,882 32,313

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Wethersfield Village Hall (CIO)

Balance Sheet 31 December 2022

CURRENT ASSETS CURRENT ASSETS CURRENT ASSETS CURRENT ASSETS Notes Notes 2022
2021
Unrestricted
Total
fund
funds
£
£
32,313
-
32,313
32,313
32,313
32,313
32,313
Cash at bank and in hand 26,769 32,313
CREDITORS
Amounts fallingdue within oneyear 7 (3,102) -
NET CURRENT ASSETS 23,667 32,313
TOTAL ASSETS LESS CURRENT
LIABILITIES
23,667 32,313
NET ASSETS 23,667 32,313
FUNDS 8
Unrestricted funds 23,667 32,313
TOTAL FUNDS 23,667 32,313

The financial statements were approved by the Board of Trustees and authorised for issue on …..……… and were signed on its behalf by:

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Wethersfield Village Hall (CIO)

Notes to the Financial Statements for the year ended 31 December 2022

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Taxation

The charity is exempt from tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

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Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

2. OTHER TRADING ACTIVITIES OTHER TRADING ACTIVITIES OTHER TRADING ACTIVITIES OTHER TRADING ACTIVITIES OTHER TRADING ACTIVITIES
Fundraisingevents - -
3. INVESTMENT INCOME
Deposit account interest 94 6

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Wethersfield Village Hall (CIO)

Notes to the Financial Statements - continued for the year ended 31 December 2022

4. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 December 2022 nor for the year ended 31 December 2021.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 December 2022 nor for the year ended 31 December 2021.

5. STAFF COSTS

There are no staff employed by the charity

6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
INCOME FROM Unrestricted
fund
£
7,520
22,099
6
29,625
Hall hire 7,520
Grants 22,099
Investment income 6
Total 29,625

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EXPENDITURE ON EXPENDITURE ON
Raisingfunds 7,002
Expenses 2,420
NET INCOME 20,203
RECONCILIATION OF FUNDS
Total funds brought forward 12,110
TOTAL FUNDS CARRIED FORWARD 32,313

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Wethersfield Village Hall (CIO)

Notes to the Financial Statements - continued for the year ended 31 December 2022

7. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 December 2022.

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Wethersfield Village Hall (CIO)

Detailed Statement of Financial Activities for the year ended 31 December 2022

INCOME
Income
INCOME
Income
INCOME
Income
INCOME
Income
2021
2020
£
£
7,526
22,093
-
6
29,625
2,420
Hall Hire 10,943 7,526
Grants (45) 22,093
10,898 29,619
Other trading activities
Fundraisingevents - -
Investment income
Deposit account interest 94 6
Total incoming resources 10,992 29,625
EXPENDITURE
Raising donations and legacies
Purchases 2,428 2,420

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Insurance Insurance 380 348
Sundries `
-
380
348
Other
Repairs and renewals 3,650 4,317
Admin costs
Telephone and broadband 475 424
Heat and light 2,648 685
Sundries 3,841 3,906
6,964
5,015
Total res ources expended 13,422 9,422
Net income (2,431) 12,110

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