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2024-12-31-accounts

ANNUAL REPORT AND STATEMENT OF ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2024

ANSTY VILLAGE HALL TRUST CIO

CHARITY REGISTRATION No: 1176498

Independent Examiners Ltd The Grain Store Hills Barns Appledram Lane South Chichester West Sussex PO20 7EG

ANSTY VILLAGE HALL TRUST CIO

CONTENTS

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Page
Legal and Administrative Information 3
Trustees' Report 4 to 5
Independent Examiner's Report on the Accounts 6
Statement of Financial Activities 7
Balance Sheet 8
Notes to the Accounts 9 to 12
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ANSTY VILLAGE HALL TRUST CIO

LEGAL AND ADMINISTRATIVE INFORMATION

CHARITY NUMBER

START OF FINANCIAL YEAR

END OF FINANCIAL YEAR

TRUSTEES AT 31ST DECEMBER 2024

1176498 1st Jan 2024 31st Dec 2024 J Steadman (Chair) B Morley A Whelan G Morley M Petitpierre J Alma

GOVERNING DOCUMENT

CIO - FOUNDATION REGISTERED 03 JAN 2018 AMENDED ON 27 APR 2021

OBJECTS

THE OBJECT OF THE CIO IS: THE PROVISION AND MAINTENANCE OF A VILLAGE HALL FOR THE USE OF THE INHABITANTS OF THE VILLAGE OF ANSTY AND THE SURROUNDING AREAS (HEREINAFTER CALLED “THE AREA OF BENEFIT”) WITHOUT DISTINCTION OF POLITICAL, RELIGIOUS OR OTHER OPINIONS, INCLUDING USE FOR MEETINGS, LECTURES AND CLASSES, AND FOR OTHER FORMS OF RECREATION AND LEISURE-TIME OCCUPATION, WITH THE OBJECT OF IMPROVING THE CONDITIONS OF LIFE FOR THE SAID INHABITANTS.

REGISTERED ADDRESS

Ansty Village Centre Deaks Lane Ansty Haywards Heath West Sussex RH17 5AS

INDEPENDENT EXAMINER

Independent Examiner's Ltd The Grain Store Appledram Lane South Chichester West Sussex PO20 7EG

3

ANSTY VILLAGE HALL TRUST CIO

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2024

Objects and Activities

The object of the CIO is the provision and maintenance of a village hall for the use of the inhabitants of Ansty and the surrounding areas, including use for meetings, lectures and classes, and for other forms of recreation and leisure-time occupation. The charity advances its object primarily by making the hall available for hire to community groups, private functions and local residents, and by maintaining the premises and facilities to a safe and suitable standard.

Public benefit

The trustees confirm that they have had regard to the Charity Commission’s guidance on public benefit when planning the charity’s activities. The hall provides affordable access to space for community use and supports social cohesion in the area of benefit.

Achievements and Performance

Financial Review

Total income for the year was £28,214.69 (2023: £24,340.87). Expenditure amounted to £22,465.54 (2023: £16,958.58), resulting in net income of £5,749.15 (2023: £7,382.29). Cash and investments at the year end were £72,145.76 held across current and savings accounts and term deposits. Net assets totalled £66,546.86, all of which are unrestricted.

Reserves

The trustees aim to maintain free reserves equivalent to 6–12 months of core operating costs (currently estimated at £10k–£20k) to provide working capital and a contingency for essential repairs. The year-end unrestricted reserves of £66,546.86 are above this target reflecting planned future maintenance and improvements.

Principal Risks and Uncertainties

The principal risks include unforeseen building repairs, fluctuations in hire income, and compliance with health and safety obligations. These risks are mitigated through regular inspection and maintenance, appropriate insurance, and operational policies for hiring and safeguarding.

Structure, Governance and Management

Ansty Village Hall Trust CIO is a Charitable Incorporated Organisation (foundation model). The trustees are the charity’s only members. Trustees are appointed for three-year terms and may be reappointed in accordance with the constitution. A minimum of five trustees is required and the quorum is three or one-third of trustees, whichever is greater.

4

ANSTY VILLAGE HALL TRUST CIO

REPORT OF THE TRUSTEES (continued) FOR THE YEAR ENDED 31ST DECEMBER 2024

STATEMENT OF TRUSTEES' RESPONSIBILITIES

Charity Law requires the Trustees to prepare financial statements for each financial year which gives a true and fair view of the state of affairs of the Charity. In preparing those financial statements the Trustees are required to:

The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the Charity and to enable them to ensure that the financial statements comply with Charity Law. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

I approve the attached statement of financial activities and balance sheets for the year ended 31st December 2024, and confirm that I have made available all information necessary for its preparation.

Approved by the Trustees on the ......................................................................................................................................................................................................19 December 2025

James Steadman Signed on their behalf by .................................................................................................................................................................................................................

Signature:

5

ANSTY VILLAGE HALL TRUST CIO

INDEPENDENT EXAMINER’S REPORT ON THE ACCOUNTS

I report to the trustees/members of Ansty Village Hall Trust CIO on my examination of the accounts for the year ended 31st December 2024 set out on pages 7 to 12.

RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER

The charity's trustees consider that an audit is not required for this year (under section 144 (2) of the Charities Act 2011) and that an independent examination is needed.

It is my responsibility to:

BASIS OF INDEPENDENT EXAMINER'S STATEMENT

My examination was carried out in accordance with General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the organisation and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement below.

INDEPENDENT EXAMINER'S STATEMENT

In the course of my examination, no matter has come to my attention

  1. which gives me reasonable cause to believe that in, any material respect, the trustees have not met the requirements to ensure that:

  2. proper accounting records are kept (in accordance with section 130 of the Act); and

  3. accounts are prepared which agree with the accounting records and comply with the accounting requirements of the Act; or

  4. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

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Lomax Pavey Independent Examiner's Ltd The Grain Store Appledram Lane South Chichester West Sussex PO20 7EG

19th December 2025

6

ANSTY VILLAGE HALL TRUST CIO

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2024

Notes
INCOME
Donations and Legacies
2a
Income From Charitable Activities
2b
Investment and Other Income
2c
TOTAL INCOME
EXPENDITURE
Charitable activities
3a
TOTAL EXPENDITURE
NET INCOME/(EXPENDITURE)
Funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
Restricted
TOTAL
TOTAL
Funds
Funds
2024
2023
£
£
£
£
-
-
-
175
26,332
-
26,332
23,688
1,882
-
1,882
478
28,215
-
28,215
24,341
22,466
-
22,466
16,959
22,466
-
22,466
16,959
5,749
-
5,749
7,382
60,798
-
60,798
53,415
66,547
-
66,547
60,798

Movements on all reserves and all recognised gains and losses are shown above. All of the organisation's operations are classed as continuing.

The notes on pages 9 to 12 form part of these financial statements.

7

ANSTY VILLAGE HALL TRUST CIO

BALANCE SHEET AS AT 31ST DECEMBER 2024

Note
Current Assets
Debtors and Prepayments
6
Cash at bank and in Hand
5
Total current assets
Creditors:amounts falling due within one year
7
NET CURRENT ASSETS
TOTAL ASSETSless current liabilities
Creditors: amounts falling due in more than one year
8
NET ASSETS
Funds of the charity
General funds
Restricted funds
TOTAL FUNDS		 Unrestricted
Restricted
31-Dec-24
31-Dec-23
Funds
Funds
Total
Total
£
£
£
£
2,582
-
2,582
11,161
72,146
-
72,146
78,143
74,728
-
74,728
89,304
8,181
-
8,181
28,506
66,547
-
66,547
60,798
66,547
-
66,547
60,798
-
-
-
-
66,547
-
66,547
60,798
66,547
-
66,547
60,798
-
-
-
-
66,547
-
66,547
60,798

19 December 2025 Approved by the Trustees on the .....................................................................................................................................................................................................

James Steadman Signed on their behalf by ..................................................................................................................................................................................................................

Signature:

8

ANSTY VILLAGE HALL TRUST CIO

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024

1. ACCOUNTING POLICIES

Basis of Preparation & Assessment of Going Concern

The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2015) - (Charities SORP - FRS102) and the Charities Act 2011.

The Charity meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost unless otherwise stated in the relevant accounting policy notes.

Preparation of the accounts is on a going concern basis. The trustees consider that there are no material uncertainties about the Charity’s ability to continue as a going concern.

These are the first accounts prepared in accordance with Charities SORP FRS102. The comparative figures for 2023 have been extracted from the charity's accounting records as at 31 December 2023.

Cash Flow Statement

The charity has taken advantage of the exemption in Financial Reporting Standard No 1 from the requirement to produce a cash flow statement.

There has been no change to the accounting policies (Valuation rules and methods of accounting) since last year.

Incoming Resources

Recognition of Incoming Resources

Income is included in the Statement of Financial Activities (SOFA) when: the charity becomes entitled to the resources;

the trustees are virtually certain they will receive the resources; and

the monetary value can be measured with sufficient reliability

Donations

Donations are recognised when receivable and the charity has unconditional entitlement to the resources.

Volunteer Help

The value of any voluntary help received is not included in the accounts but is described in the trustees' annual report.

Investment Income

Investment income is recognised when receivable.

Debtors

Debtors are recognised at the settlement amount due. Prepayments are valued at the amount prepaid.

9

ANSTY VILLAGE HALL TRUST CIO

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024

1. ACCOUNTING POLICIES (Continued)

Expenditure and Liabilities

Liability Recognition

Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources.

Expenditure Recognition

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably.

Governance Costs

Include costs of the preparation and examination of statutory accounts, the costs of the trustees' meetings and cost of any legal advice to trustees on governance or constitutional matters.

Investments

Fixed asset investments are stated at cost.

Creditors

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors are normally recognised at their settlement amount.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund Accounting

Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.

2. INCOME
Note
a) Donations and Legacies
Donations and Gifts
b) Income from Charitable Activities
Sales
Events Income
c) Investment and Other Income
Interest Income
Other Income		 Unrestricted
Restricted
Total
Total
Funds
Funds
2024
2023
£
£
£
£
-
-
-
175
-
-
-
175
26,193
-
26,193
23,688
139
-
139
-
26,332
-
26,332
23,688
1,882
-
1,882
251
-
-
-
228
1,882
-
1,882
478

10

ANSTY VILLAGE HALL TRUST CIO

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2024

3. EXPENDITURE
Note
a) Charitable Activities
Hall Consumables
Capital Expenditure
Building Service Charge
Booking Secretary
Audit & Accountancy fees
Cleaning
Opening/Closing the Hall
Insurance
Rent
Repairs & Maintenance
Subscriptions		 Unrestricted
Restricted
Total
Total
Funds
Funds
2024
2023
£
£
£
£
153
-
153
161
186
-
186
4,949
10,183
-
10,183
4,810
5,840
-
5,840
2,520
1,020
-
1,020
-
462
-
462
937
250
-
250
-
2,500
-
2,500
2,007
100
-
100
-
795
-
795
878
975
-
975
697
22,466
-
22,466
16,959

4. RESTRICTED FUNDS

The Charity held no Restricted Funds during this or the previous financial period.

5. CASH AT BANK AND IN HAND

AVHT 1 year Bond Account 3.85% from 2 April 2025
AVHT 3 year Bond Account 3.85% 2 April 2026
1 year Bond from 25 April 2025 @ 5.01%
Current Account
Savings Account		 Unrestricted
Restricted
Total
Total
Fund
Fund
31-Dec-24
31-Dec-23
£
£
£
10,390
-
10,390
10,000
31,218
-
31,218
30,000
10,000
-
10,000
-
5,933
-
5,933
13,813
14,604
-
14,604
24,330
72,146
-
72,146
78,143

11

ANSTY VILLAGE HALL TRUST CIO

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2024

6. DEBTORS AND PREPAYMENTS

Accounts Receivable Unrestricted
Restricted
Total
Total
Fund
Fund
31-Dec-24
31-Dec-23
£
£
£
£
2,582
-
2,582
11,161
2,582
-
2,582
11,161

7. CREDITORS AND ACCRUALS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Independent Examiner's Fee
Hall Cleaning After Hire Liability
Ansty Residents Association Liabilities
Accounts Payable		 Unrestricted
Restricted
Total
Total
Fund
Fund
31-Dec-24
31-Dec-23
£
£
£
£
1,020
-
1,020
-
60
-
60
-
854
-
854
854
6,247
-
6,247
27,652
8,181
-
8,181
28,506

8. CREDITORS AND ACCRUALS: AMOUNTS FALLING DUE IN MORE THAN ONE YEAR

There were no Creditors or Accruals falling due in more than one year at the end of this financial year (2023: £Nil).

9. TRUSTEES AND OTHER RELATED PARTIES

During the year, the charity collected cleaning charges from hirers totalling £445.50, which were distributed to Trustees G Morley (£297.50) and J Steadman (£148.00) for cleaning services provided. No other payments were made to Trustees or any persons connected with them during this financial period, other than reimbursement for items bought on behalf of the charity

No other payments were made to Trustees or any persons connected with them during this financial period, other than reimbursement for items bought on behalf of the charity. No material transaction took place between the organisation and a trustee or any person connected with them.

12