# **DACRE ROOMS KIMPTON CHARITABLE INCORPORATED ORGANISATION** Registered Charity No: 1175741 ## **REPORT and ACCOUNTS** ## **For the year ended** ## **31[ST] MARCH 2023** **Registered Address: Dacre Rooms, High Street, Kimpton Hertfordshire SG4 8RA** ## **DACRE ROOMS KIMPTON CIO** ## **TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31ST MARCH 2023** ## **Chairman's Report** The year ended 31[st] March 2023 covered the period when our community, and the country at large, began to emerge from the strictures of the SARS-CoV-2 virus. We returned to largely unrestricted opening and slowly our activities began to return towards the levels seen before the pandemic. Initially, we witnessed the re-emergence of largely community-based activities. The Friday morning coffee and cake sessions were reinstated immediately and were welcomed back by the village. These continue to be the most popular events that we host and are attended by dozens of people each week. They enable the operators to raise money for their chosen charities or clubs and they provide a vital support network for many of our elderly residents. At the other end of the spectrum, we saw a resumption of activities designed to support mothers and toddlers as well as a long-established craft group aimed at the retired community. The Trustees were happy to support these activities for an initial period with grant money received during the lock-down period. Commercial activities took longer to resume but by the end of the period we were witnessing the resumption of art classes, yoga and dance groups as well providing a venue again for private parties and events. The Rooms are used regularly again by the Scouts and Girl Guides and their junior affiliated groups and are often booked for business meetings. Our _charitable objects_ require us to provide a facility for Kimpton residents and the local authorities, voluntary and other organisations in an effort to advance education and to provide facilities for recreation and leisure in the interests of social welfare in the community. The Trustees and others involved with the running of the Dacre Rooms in Kimpton have worked hard throughout the year to ensure that we were able to deliver upon these objectives whenever legislation permitted. The day-to-day operations of the Dacre Rooms are coordinated by the Management Committee. It comprises of a group of dedicated volunteers under the skilful management of David Pitcher. I wish to publicly thank them for their diligent efforts yet again this year. ## **Ted Frith Chairman** ## **Trustees for the period were** Mr Charles Edward Frith (Chairman) Mr Simon James Thompson (Treasurer) 2 Mrs Anne Juliet Elizabeth Morton (Secretary) ## **Treasurer’s Report** The accounts for the period are shown on page 4. They have been prepared on a _receipts and payments basis_ in accordance with the Charities Statement of Recommended Practice (FRS102)[1] . The period witnessed significant changes in the global macro economy which had a material effect at the micro level on community charity projects such as the Dacre Rooms CIO. For the first time in a generation we witnessed a significant rise in inflation and a dramatic tightening in monetary policy by the Bank of England. Power prices soared and the broader inflationary environment led to higher prices more generally. The effects can be seen in the expenditure section of our annual accounts action A3 below and most materially in the increase of utility bills to £2,867 (from £1,570 in the prior period). Other running expenses have risen sharply although in part due to our extended opening hours as well as the economic pressures. Our aim remains to cover operating costs from the rental income and we came very close to achieving this. Income rose significantly to £5,295 (£1,965) and so, despite the rise in costs, we achieved an operating loss of just £218, a significant improvement on 2022 (where the loss was £1,680) Capital grants from central government were not available during the period and so other income was restricted to small amounts of fundraising and interest on our current account. Our prudent approach to managing the finances in prior periods provided us with a significant buffer and allowed us to weather the cessation of our activities during the pandemic. Our building is in an excellent state of repair and we anticipate only modest costs relating to building maintenance in the short term. Longer term expenditure is forecast to be covered from our healthy cash reserves. The charity finds itself in a stable and healthy financial position with operating performance improving as we continue to recover from the pandemic. We are confident that we can fulfil our obligations to operate a venue for the public benefit to further our charitable objects. ## **Simon Thompson Treasurer** > 1 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 2015) 3 R•r•lpb4ndP Forlh• p•nod UIK4JIIXAZ Ccl SecbDnARoBoipt84nd p&ymn ETr4ts*mDnl fvn rth Luiyll Al R•¢• 221.70 FufklNl*n 539s￿V 1,53SJJry OJYJ um oth) cOVID￿nI 6121 Jg 2USIJg 67.04 426A4 lThYurnncp 10125 847AT 8uildif*wJth F¢Unnlrffj•Yr￿ 21 8ankC¢¥its 7t00 72 6*J7ffj1 Subfotsi 5.107J11 18IOIAQ 46,$6&71 4S,W.61 Soctlon B Statoment of a88el¥ and ILgbllths at the end of the porlod Unrestrbct8d fvnd$ R85tr1ctsd fund$ Cat•gorf89 D•tsll B1 C•$h fund$ CAF Account 46 348.61 Totai¢a$h lund$ 46.348.61 Unrestrfcted funils R85tr1ctod nd$ Deta115 B2 Oth•r mon•¢ary a$$4ts Fund to ¥vhkh asset b•k*ng$ C08t Deta115 BJ Inv•slm•nt ass•ts Fund to ¥¥hkh a¥set bek)ng$ C08t lopUonafi Detalls B4 A550ts rotalned forth• ehaYlty'* u$ Fund lo Amountdu• whkh Ilablilty loplk+nall lats8 Dtrtall8 B5 Llabllhkns Signed by on8 or￿0 trusts880n behalfofall Ihe INstees sign4￿re Print Name Date of approval CE Frith 21.1.23 Notes to the accounts 1. Ba81ts of preparatbn The accounts have been wepared on a reoipts and payrnents basis.