# **DACRE ROOMS KIMPTON CHARITABLE INCORPORATED ORGANISATION** Registered Charity No: 1175741 ## **REPORT and ACCOUNTS** ## **For the year ended** ## **31[ST] MARCH 2025** **Registered Address: Dacre Rooms, High Street, Kimpton Hertfordshire SG4 8RA** ## **DACRE ROOMS KIMPTON CIO** ## **TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31[ST] MARCH 2025** ## **Chairman's Report** The year ended 31[st] March 2025 was a steady period of operation for the charity with no significant interruptions or restrictions imposed due to events outside of our control. I am pleased to report regular bookings for many of our activities. The Friday morning coffee and cake sessions continue to be the most popular events that we host and continue to be attended by large numbers of our community 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. Similarly, activities designed to support mothers and toddlers as well as a long-established craft group aimed at the retired community continue to offer regular opportunities to members of our local community. The Trustees continue to support these activities and have decided against raising rental charges yet again during this period. The Rooms are used additionally by the Scouts and Girl Guides and their junior affiliated groups, the local parish council, the local school governors and for private social events and parties. Yoga and other keep fit activities are also popular. We encourage the use of the venue during village festivals and celebrations by other organisations seeking to raise funds for their activities. 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 which I believe we have achieved. 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. There were no changes to the Trustees during the period. ## **Ted Frith Chairman** ## **Trustees for the period were** Mr Charles Edward Frith (Chairman) Mr Simon James Thompson (Treasurer) Mrs Anne Juliet Elizabeth Morton (Secretary) 2 ## **Treasurer’s Report** The accounts for the period are shown on pages 4 and 5. They have been prepared on a _receipts and payments basis_ in accordance with the Charities Statement of Recommended Practice (FRS102)[1] . The accounts show that our income was stable during the period. Expenditure and running costs were approximately 16% lower due, largely to the reduction in costs for gas and electricity, and no building work was undertaken during the period in review. The trustees aim to cover operating costs from the rental income which has largely been achieved. The CIO registered an immaterial loss of £518 for the period which is an improvement from the previous year (Loss of £1571). The UK economy continued to experience the effects of above trend inflation during the period under review and interest rates, whilst reducing, remained at elevated levels. Economic growth was close to zero and consumer sentiment was muted. Capital grants from central government were not available and so other income was restricted to small amounts of donations from activities led by the trustees. Our prudent approach to managing the finances has allowed us to absorb significant inflationary pressures and to continue to offer a remarkable facility at a price affordable by many in our community. Indeed, our rental rates have been unchanged since our foundation in 2017 despite the UK Retail Price Index rising by 43% during the same period. Our building is in a good state of repair and we anticipate only modest costs relating to building maintenance in the short term. Any longer-term expenditure is forecast to be covered comfortably from our healthy cash reserves. I believe, therefore, that the charity remains in a stable and healthy financial position. 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 Dacro Roomo Kknpton CIO R•e•lpts and pa For th• p•rlod 01104r2024 from m•nts a¢¢ounts CC16a To 31K13f2025 Soctlon A Rec•lpts and paymonts UnrnAtrfct•d R•8trlet•d fund$ Endowmont fund$ Total funds Last year A1 R•eo1 Fundraisin and donauons Rental Recei Mi5C811aneous R8buildin Grants COVID Grant Bank Interest 354.15 354.15 3,107.50 0.00 0.00 0.00 8832 779.16 4,82023 88.32 89.31 Sub lot•l(Gross Income forAR) 0.00 0.00 A2 Assot and Inv•stm•nt Sa￿$, see tabla . Transfers from Dacre Rooms Kimpton Sub total rotalrne*ts S,$49.97 5,549.97 S,688.72 A3Pa Utilities Equiprwnt Mi8c811an8OU8 Insuran¢9 Buildin work Runnin ex enses Event ex enses Bank Costs m•nts 2601A7 2,601A7 3.190.67 162.00 973.54 112.00 973.$4 739.80 950.83 700.00 70.97 70.97 60.00 Sub total 6,067J8 6,067.98 7259.86 A4 A850t and In¥e5tment purch49•$,1$9• 1oblg} Sub total 6,067.98 6,067.98 7259.86 N•tofrne8Wts/(paym•nts) A5 Transfèrs b•fv4•tn funds A6 Cash fund8 ia8t year and Cash fund$ Ihl8 ￿r•Trd 518.01 518.01 .1,571.14 44 777A7 44259A6 44.777A7 44259.46 Soctlon B Stat•m•nt of a58•ts and Ilabl1￿8 at th• end ofthe p•rlod Unrèstrittèd funds Restricted fvnds Cat•gorb•s D•taS16 B1 Cash fvnds CAF Account S9.46 Total cash funds 44 259.46 Unr••trkt•d funds R••trktsd fvnds Detalls B2 Othèr n￿notary ass•ts Fund io kh •ss•t b•knngs Cost loptlonal) Detslls B3 Inv•stmont ass•ts Fund to vthlch a888t b•long• Cost loptlonal) Details B4 Ass•ts r•taln•d forth• charlty's own us• Fund to Amount duo whlch Ilabllty loptlonal) r•lat•$ Details BS Llablllll•$ Slgned by one or ts¥o trustees on behalf of 811 the tsustees Signature Print Nam Date of approval 25.012026 CE Frfth Notos to tho accounts 1. Basks of pr•parallon The accounts have been p￿pared on a re￿Ipts and payments basis.