**REGISTERED CHARITY NUMBER: 1171017**
## **Report of the Trustees and**
**Unaudited Financial Statements for the Year Ended 31 December 2023**
**for**
**Wethersfield Village Hall (CIO)**
**Wethersfield Village Hall (CIO)**
**Contents of the Financial Statements for the year ended 31 December 2023**
||**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|
## **Wethersfield Village Hall (CIO)**
## **Report of the Trustees for the year ended 31 December 2023**
The trustees present their report with the financial statements of the charity for the year ended 31 December 2023. 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 D Brignall-Harvey W Martin S Clubley D Martin S Pilgrim D Ling C Holliday H Everett M Suckling C West
Page 1
**Wethersfield Village Hall (CIO)**
## **Report of the Trustees for the year ended 31 December 2023**
Approved by order of the board of trustees on ……………. and signed on its behalf by:
G Hitchings - Trustee
Page 2
## **Wethersfield Village Hall (CIO)**
## **Statement of Financial Activities for the year ended 31 December 2023**
|2023
Unrestricted
fund
Notes
£
**INCOME AND ENDOWMENTS FROM**
Hall hire
10,466
Grants
2
-
Interest
3
395
**Total**
10,861
**EXPENDITURE ON**
Raising funds
2,029
Expenses
9,665
**NET INCOME**
(833)
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
29,882
**TOTAL FUNDS CARRIED FORWARD**
29,049|2022
Total
funds
£
10,943
(45)
94
10,991
2,428
10,994
(2,431)
32,313
29,882|
|---|---|
The notes form part of these financial statements
Page 3
## **Wethersfield Village Hall (CIO)**
## **Balance Sheet 31 December 2023**
|2023
Unrestricted
fund
Notes
£
**CURRENT ASSETS**
Cash at bank and in hand
23,506
**CREDITORS**
Amounts falling due within one year
7
(12,500)
**NET CURRENT ASSETS**
11,006
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
11,006
**NET ASSETS**
11,006
**FUNDS**
8
Unrestricted funds
11,006
**TOTAL FUNDS**
11,006|2022
Total
funds
£
26,769
(3,102)
23,667
23,667
23,667
23,667
23,667|
|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on …..……… and were signed on its behalf by:
G Hitchings - Trustee
The notes form part of these financial statements
Page 4
**Wethersfield Village Hall (CIO)**
## **Notes to the Financial Statements for the year ended 31 December 2023**
## **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.
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**
|**2.**|**OTHER TRADING ACTIVITIES**|||
|---|---|---|---|
|||2023|2022|
|||£|£|
||Fundraising events|-|-|
|**3.**|**INVESTMENT INCOME**|||
|||2023|2022|
|||£|£|
||Deposit account interest|395|94|
Page 5
continued...
## **Wethersfield Village Hall (CIO)**
## **Notes to the Financial Statements - continued for the year ended 31 December 2023**
## **4. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 December 2023 nor for the year ended 31 December 2022.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 December 2023 nor for the year ended 31 December 2022.
## **5. STAFF COSTS**
There are no staff employed by the charity
## **6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
||Unrestricted|
|---|---|
||fund|
||£|
|**INCOME FROM**||
|Hall hire|10,943|
|Grants|(45)|
|Investment income|94|
|**Total**|10,991|
|**EXPENDITURE ON**||
|Raising funds|2,428|
|Expenses|10,994|
|**NET INCOME**|(2,431)|
|**RECONCILIATION OF FUNDS**||
|**Total funds brought forward**|32,313|
|**TOTAL FUNDS CARRIED FORWARD**|29,882|
Page 6
continued...
**Wethersfield Village Hall (CIO)**
## **Notes to the Financial Statements - continued for the year ended 31 December 2023**
## **7. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31 December 2023.
Page 7
**Wethersfield Village Hall (CIO)**
|**Detailed Statement of Financial Activities**
**for the year ended 31 December 2022**
**INCOME**
**Income**
Hall Hire
Grants
**Other trading activities**
Fundraising events
**Investment income**
Deposit account interest
**Total incoming resources**
**EXPENDITURE**
**Raising donations and legacies**
Purchases
**Support costs**
**Management**
Insurance
Sundries
**Other**
Repairs and renewals
**Admin costs**
Telephone and broadband
Heat and light
Sundries
Total resources expended
**Net income**|2023
£
10,466
-
10,466
-
395
10,861
2,029
2,029
403
`
403
1,752
528
4,258
2,725
7,511
11,695
(833)|2022
£
10,943
(45)
10,898
-
94
10,992
2,428
2,428
380
-
380
3,650
475
2,648
3,841
6,964
13,422
(2,431)|
|---|---|---|
This page does not form part of the statutory financial statements
Page 8