Farnborough
Village Hall
Reglstered Charlty No 1174761
Trustees Annual Report and Financial Statements forthe
Year ended 31 March 2024

Farnborough Village Hall
Trustees Annual Report forthe year ended 31 March 2024
Introduction
The princlpalactiviwofthe Charity continues to bethe operation. maintenance. and
Upkeep of Farnborough Village Hall for th8 benefit the inhabitant8 of Farnborough
Vii&ge. Prlor to 1M Aprll 2018 F8rnborough Vi118ge Hall operated as 8n unincorporated
charty(Registered Charity Number 223383) During 2017 a newcharityw8s created as
a Cheritable In¢orpor8ted Organisation {Registered Charity Number 17747611 to take
overthe Assets and Liabilities of the old Charity and then contlnue to malntaln and
operate the Hall. Thistransfertook place as atthe close ofbusiness on 31 March 2018.
The Trustees
Robln Walker
Jo Baird
Ichalrman)
l LettingAgent)
(Secretary)
(rrust88 appolnted 11 Aprll 20241
trru$teg appointed 11 April 20241
rusteel
(Truste8 resignéd 11 Aprll 20241
Sue Ellis
Nlck Abbott
Richard Bush
Jenny Kerr
John Tlnham
Offic•r•
BrlanAbbo
Appolnted a8 bookkeeper. He Is not 8 trustee du8 to conlllcts Ot
Interest and doe8 not h8ve 8 vote at trustee meeting3.
Results
Incom8 fortheyearw88 £24.718 { 2023-£18,9881. Lettings income amounted to
£24.136 {2023 £18.8391. Expendltur8 Incurred was £25.63812023- £23,632}- Durlng
the year the Truste8S
Sanded and protected the H811 tloor
Repiaceo the tloorlng in the toilets.
Replaced the urinals and basin8 in the gents tollet.
The Trustees decided to delay replacingthe ceiling tlles until 2024125
Reserves
The total reserves atthe year end were £48.560 (2023- £49.4801. The Trustees have set
target of maintalnlng & Oeslgnated reserve for major repalrs and improvements to the
hall of be￿een(£4o,0oo and £50,0001- For 2023 the Trustees have agreed a deslgnated
reserve of £48.000 (2023- £49.000).
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Farnborough Village Hall
Trustees Annual Report forthe yearended 31 March 2024
Reserves continued
The Trustees consid8rthat the reserves aré currently adequate to malntain and run the
hall.
Future Plans
The Trustees plan to continue to malntaln the Village Hall in futur8 years. The planned
work was c8rri8d out last year and included a structural survey as suggested by 8
builder. New m8lorworks planned for nextyear are:
Removingredundantducting.
Replacing 811 the ceiling tiles.
Replaclng tables used by hlr8r8
Replacing the Front Door
Risk
The Trustees have rev5ewed the rlsks to the Charlty and have acted to mitigate 8nd
controlthem. Th8 Trustees consider th8tthe major rlsks are personal injury to the users
and volunteers, flre and vandalism to the building. The Truste8s continue to maintain
the premises and undertake regular tests and consicler there is 8dequ8te insurance in
place.
The other m8jorri8k 18 8uc¢e5sion pl8nningfortheTrust88sand en$uringthat no
regular hlrer is repr8sent8d by 8 majority of the Trustee Board.
Golng Concern
The Trustees have increased the Hall hire rat8S to cover the increased running costs. In
vlew otthis Ihe Trustee8 considerthat the Villag8 Hall Is still a golng concern.
Agreed by the Trustees
The Trust88s approved the Trustees report on 1110412024 and authorised the Chairman
to sign on their behaLf.
Robin Walkerlchairmanl Date 1110412024
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Farnborough VilLag8 Hall
Independent Examlners Reportfor the yearended 31 March 2024
Charity law states that it is the responsibility of the Trustees to maintain
proper financial records and prepare FinanciaL Statements in accordance
with those records.
Charities with a turnover over£25,000 are required to have the Financial
Statements Independently Examined. The turnover of Farnborough Village
HaiLwas under £25,000 and therefore an Independent Examination 18 not
required for the years ended 31 March 2024 & 31 March 2023.
These financial statements were however informally r8view8d. and no
issues were raised with the Trustees.
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st8tementof HnanelAIActhtltle8lorthèYèar Ended 31 March 2024
Notas
2024
2024
2024
Unre8trirted D•Jlgnatod Totsi
Incom8
Charltablo Incom
Activiliesfor G6neratlng Fund8
Interost
Total Incomlng Resourtt
75
24,138
75
24,136
507
24718
57
18.839
102
18,998
507
507
24211
Exponditurg
Charltable Expendltur•
N•t Ineomellexpendlturèl And not
mov•m•nt$ Sn lund$fory•ar
13,607
10,604
12.031
111.5241
25.838
23,632
{9201 14,6341
Tran8fer batw88n Fund$
Income over Expondlture
R•¢on¢lLUatlon ot Funds
Roaarv•s brouoit Forward
R•JerveJ G8rrl•d Fornerd
10,524
80
10,524
11.0001
1920) 14.6341
480
49,000
49,480
S4,114
48,000 48.S60 49.480
Th• Sf•tom•nt ol FlnanclalActlvltl•s Includ0• eiiylng and Lo8u8 r•¢oinlMd In
th• y•or
All Incom• and Expendlture derlvfj from contlnulnq A¢tlvltl••
Balan¢• Shoot 8$ at 31 M8roh
2024
Notv•
2Q24
2024
2024
Unre8trl¢tgd Designated Tot81
2023
Flx•d A$l•t$
Curront as8Ot8
Dgbtor•
Bank&Ca•h
Totsl Currént Assèts
1,028
907
1,935
1,028
594
48,907 51,142
49,936
S1.736
48,000
48.000
Le88 ¢rodltor$ due wlthln 12
months
11,3761
11,3751 12,2561
R¢$•Thiès Cèrri•d ForAtthrd
48.000
48.580 49N80
Notes 1 to 8form an Integral p8rt0l thè#•fln•nclo1 statement3
ThoTrust••• opprovad th• Fln•ncl•i8t*t•m•nt8 on 1110412024and authorls•d th4 ChuirmAn
to slgn on thelrbehalf
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Farnborough viitsge Hall
Notes to the FinanciaLStatements forthe year ended 31 March 2024
Noto
Incoming R$$ources from CharitabteA¢tJvttl•s
2024
75
2023
Donation•
Incom•lrom A¢tlvltlo1 for G•n•ratlni Income
2024
22.602
1,534
2023
1e,618
2,223
He8ULar Hlro
CoguAL Hlre
24,138
18.839
l expendrture In￿rrad by the Charty in 2023 & 2024 ks
In r•spoct ol malntslning 8nd improving the village hall
for Il¥ by Its ben¢fl¢iari￿.
2Q24
13,607
12,031
25,838
2023
15.024
8,608
23.832
Rocurrin8 E¥p8ndlture
Non Rocurrlng Expenditure
ronilblo Fix¥(l A•••ts
Th• Ch•rlty ¢wn8 th• olth• ho11 and ground•, whl¢h w•ro don•l•d
In th? l•te 189UB. The Twst*p$ d¢ not have th• 8￿￿1¥ to placa 8 V81u• on lh•
land and property and cor$8lder the exp8llS• DI obtalnlng a valualK)n
prohibits¥e and unH8c8ssary •xpen6e
Debtors
Everyy8AfiheTrustees ende8vourto ensure that all rent$ 8r8 pald before the yeAr and.
2023
2024
1.028
Reguipr Hlr8 Outstsndlng
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Farnborough Village Hall
Notes to the Financial Statements forthe year ended 31103124 continued
6 Bankand Cagh
202$
48.688
2.476
61.142
Business SavingsAccount
Curr•ntAccount
47A23
48.907
7 Crfjdttor•
2024
1.090
285
1.375
2023
1.737
519
Créuitors &Accruais
C88ual Hlre pald In advance
The Charitydoes not he￿onY rostrlcted
reservey.
A ae31gn8ted r88èN6 has b•6n Creatso to
fur￿ the rnalor repalrs that are r8qulred to
m8intain a buildin8 over 100 years old.Thg
Tru¥tge8 hovg agreed thatthe l&rgetforthl¥
fund ig È50,000. The Trustees have
raplpnished thi$tund to a balance ol
£48.000 durlng202312024
Page 7