2023-08-31-accounts

Charity number: 1178271

NORTON LINDSEY VILLAGE HALL & PLAYING FIELDS CIO

ACCOUNTS AND TRUSTEES ANNUAL REPORT FOR THE PERIOD 1 SEPTEMBER 2022 TO 31 AUGUST 2023

NORTON LINDSEY VILLAGE HALL & PLAYING FIELDS CIO

CONTENTS OF THE ACCOUNTS AND TRUSTEES ANNUAL REPORT FOR THE PERIOD 1 SEPTEMBER 2022 TO 31 AUGUST 2023

CONTENTS

	Page
Charity Information	1
Annual Chairperson’s Report	2
Independent Examiners Report	3
Statement of Financial Activities	4
Balance Sheet	5
Notes to the Accounts	6-10

NORTON LINDSEY VILLAGE HALL & PLAYING FIELDS CIO

CHARITY INFORMATION FOR THE PERIOD 1 SEPTEMBER 2022 TO 31 AUGUST 2023

TRUSTEES:	C Lloyd
	B Parsons
	H Tursner
	J Freedman
	T Landreth
	J Perks
	R Mann
	J Mann
TREASURER:	A J Hollinshead
ADDRESS:	Village Hall
	Wolverton Road
	Norton Lindsey
	WARWICK
	CV35 8JL
CHARITY NUMBER:	1178271

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NORTON LINDSEY VILLAGE HALL & PLAYING FIELDS CIO

ANNUAL CHAIRPERSON’S REPORT FOR THE PERIOD 1 SEPTEMBER 2022 TO 31 AUGUST 2023

The CIO’s current income and expenditure was reported at the time of the AGM as broadly break even. The hall continues to represent a fantastic facility for the village for many years to come.

There has been a good use of the village hall by the local community which includes monthly coffee mornings which have all been well attended. The 100 Club continues to be well supported and events such as the cheese and wine gatherings and the Coronation afternoon tea was a big success bringing together a large number of locals for the celebration.

The Hall has been hired out on a regular basis throughout the year by clubs including Yoga, Pilates, Tae Kwon Do, Dance and Menopause Matters. In addition there are monthly hirers including the WI, Ladies Fellowship Group and First Aid. The Hall continues to receive one off bookings for birthday parties, weddings (where 3 were hosted for 2023), family get togethers and reunions. The geographic location of the hall and the good access to the motorway system makes it particularly desirable. Local organisations are also increasing uptake including Warwick Hospital, Chaplaincy Conference and various working groups.

Work continues on the Hall to make it multi-use, accessible space for a variety of hirers. These include the installation of the servery in the main hall which has been well received and the audio visual system, including a hearing loop, projector, screen, microphones and a sound desk. There is a repaint of the Hall planned to cover wear and tear marks and further landscaping to be completed in the Spring 2024.

Catharine Lloyd, Chair Village Hall & Playing Fields CIO, 8 February 2024

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NORTON LINDSEY VILLAGE HALL & PLAYING FIELDS CIO

INDEPENDENT EXAMINER’S REPORT FOR THE PERIOD 1 SEPTEMBER 2022 TO 31 AUGUST 2023

INDEPENDENT EXAMINERS’S REPORT TO THE TRUSTEES OF NORTON LINDSAY VILLAGE HALL & PLAYING FIELDS

I report to the charity Trustees on my examination of the accounts for the Charity for the year ended 31 August 2023.

RESPONSIBILITIES AND BASIS OF REPORT

As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the 2011 Act”).

I report in respect of my examination of the Charity’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

INDEPENENT EXAMINERS STATEMENT

Your attention is drawn to the fact that the Charity has prepared the accounts in accordance with Account and Reporting of 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) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.

I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.

I have completion my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

1. accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or

2. the accounts do not accord with those records; or

3. the accounts do not comply with the application requirements concerning the form and content of accounts set out in the Charity (Accounts and Reports) Regulations 20o08 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

This report is made solely to the Charity’s Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Charity’s Trustees those matters I am required to state to them in an independent examiners report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity’s Trustees as a body, for my work or for this report.

Signed: Date:26 June 2024 Josh Furniss ACA, 94 Oxford Road, Banbury, OX16 9AN

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NORTON LINDSEY VILLAGE HALL & PLAYING FIELDS CIO

STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD 1 SEPTEMBER 2022 TO 31 AUGUST 2023

INCOME FROM: Activities for generating funds Grants Interest TOTAL INCOME EXPENDITURE ON: Costs of generating funds Governance Costs Depreciation TOTAL EXPENDITURE NET MOVEMENT IN FUNDS RECONCILIATION OF FUNDS: Total funds brought forward Net movement in funds TOTAL FUNDS CARRIED FORWARD	Unrestricted Funds 2023 £ 30,069 130 365 30,563 (11,182) (15,741) (10,443) (37,366) (6,803) 515,722 (6,803) 508,919	Total Funds 2023 £ 30,069 130 365 25,273 (11,182) (15,741) (10,443) (25,916) (6,803) 515,722 (6,803) 508,919	Total Funds 2022 £ 25,242 98 9
			25,348
			(7,295) (9,455) (9,166)
			(25,916)
			(568)
			516,289 (568) 515,722

The Statement of Financial Activities includes all gains and losses recognised in the year.

The notes on pages 6 to 10 form part of these financial statements.

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NORTON LINDSEY VILLAGE HALL & PLAYING FIELDS CIO

BALANCE SHEET AS AT 31 AUGUST 2023

BALANCE SHEET

Note FIXED ASSETS Land & Buildings 3 Furniture & Fixtures CURRENT ASSETS Bank Account CURRENT LIABILITY Accruals and Deferred Income TOTAL NET ASSETS CHARITY FUNDS Unrestricted funds TOTAL FUNDS	2023 414,158 7,234 421,392 87,527 87,527 - 508,919 508,919 508,919	2022 423,324 8,510
		431,835 83,887
		83,887
		-
		515,722
		515,722 515,722

The financial statements were approved and authorise for issue by the Trustees and signed on behalf by:

C Lloyd

Chair of Trustees

Date: 8 Feb 2024

The notes on pages 6 to 8 form part of these financial statements.

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NORTON LINDSEY VILLAGE HALL & PLAYING FIELDS CIO

ACCOUNTING POLICIES

FOR THE PERIOD 1 SEPTEMBER 2022 TO 31 AUGUST 2023

1. STATUTORY INFORMATION

Norton Lindsay Village Hall & Playing Fields CIO is an unincorporated Charity registered in England & Wales. Its registered office is Village Hall, Wolverton Road, Norton Lindsay, Warwick, CV35 8JL.

2. ACCOUNTING POLICIES

2.1 BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements 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 2015), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.

The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published on 16 July 2014 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

Norton Lindsay Village Hall & Playing Fields CIO meets the definition of a public benefit entity under FRS 102.

Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

2.2 GOING CONCERN

The Trustees, having considered the impact of the COVID-19 pandemic continue to adopt the going concern basis in preparing the financial statements which assumes that the company will continue in operation for the foreseeable future.

2.3 INCOME

All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received, and the amount of income receivable can be measured reliably.

Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.

2.4 EXPENDITURE

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity.

Expenditure on raising funds includes all expenditure incurred by the Charity to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable trading.

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NORTON LINDSEY VILLAGE HALL & PLAYING FIELDS CIO

ACCOUNTING POLICIES

FOR THE PERIOD 1 SEPTEMBER 2022 TO 31 AUGUST 2023

2. ACCOUNTING POLICIES (continued)

2.5 INTEREST RECEIVABLE

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Charity, this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.

2.6 CASH AT BANK AND IN HAND

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

2.7 LIABILITIES AND PROVISIONS

Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

2.8 FINANCIAL INSTRUMENTS

The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

2.9 FUND ACCOUNTING

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.

2.10 TANGIBLE FIXED ASSETS

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Land – nil Building – 40 Years Fixtures & Fittings – 7 Years

The assets residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

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NORTON LINDSEY VILLAGE HALL & PLAYING FIELDS CIO

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD 1 SEPTEMBER 2022 TO 31 AUGUST 2023

3. INCOME FROM ACTIVITES FOR GENERATING FUNDS

INCOME FROM: Activities for generating funds: Hall Hire Functions 100 Club Income Fete Income Donation Income Misc Income Grants Interest TOTAL INCOME	Unrestricted Funds Total Funds Total Funds 2023 2023 2022 £ £ £ - - 24,535 24,535 17,725 2,831 2,831 1,227 2,074 2,074 2,125 - - 165 200 200 4,000 428 428 130 130 98 365 365 9
	30,563 30,563 25,348

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NORTON LINDSEY VILLAGE HALL & PLAYING FIELDS CIO

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD 1 SEPTEMBER 2022 TO 31 AUGUST 2023

4. EXPENDITURE ON COSTS OF GENERATING FUNDS

EXPENDITURE ON:

Costs of generating funds: 100 Club Expense Events Premises Expenses Misc Expenses Deposit Refunds Cleaning Office Supplies	1,375 1,375 1,300 868 868 2,196 4,939 4,939 3,080 75 75 719 - - 3,554 3,554 2,747 372 372
	11,182 11,182 10,041

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NORTON LINDSEY VILLAGE HALL & PLAYING FIELDS CIO

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD 1 SEPTEMBER 2022 TO 31 AUGUST 2023

5. STATEMENT OF FUNDS

STATEMENT OF FUNDS - CURRENT YEAR

UNRESTRICTED FUNDS General Fund STATEMENT OF FUNDS - PRIOR YEAR UNRESTRICTED FUNDS General Fund	Balance as at 1 September 2022 Income Expenditure Balance as at 31 August 2023 £ £ £ £ 515,722 30,563 (37,366) 508,919
	Balance as at 1 September 2021 Income Expenditure Balance as at 31 August 2022 £ £ £ £ 516,289 25,348 (25,916) 515,722

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NORTON LINDSEY VILLAGE HALL & PLAYING FIELDS CIO

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD 1 SEPTEMBER 2022 TO 31 AUGUST 2023

6. TANGIBLE FIXED ASSETS

Cost At 1 September 2022 Additions At 31 August 2023 Depreciation At 1 September 2022 Charge for the year At 31 August 2023 Net book value At 31 August 2023 At 31 August 2022	Land Buildings Fixtures & Fittings Total £ £ £ £ 75,000 348,324 8,510 431,835 - - -
	75,000 348,324 8,510 431,835
	- - - - - - (9,166) (1,277) (10,443)
	- (9,166) (1,277) (10,443)
	75,000 339,158 7,234 421,392
	75,000 348,324 - 431,835

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