JIGGENS MEMORIAL VILLAGE HALL AND PLAYING FIELD UNAUDrrED BEPORT AND FINANCIAL STATEMEL¥TS FOR THE YEAR ENDED 31 MARCH 2024 CHARITY NUMBER: 1179584
JIGGENS MEMORILL VILLAGE HALL AI¥D PLAYING FIEIJ) CONTEL¥TS OF FINANCIAL STATEMENTS Report of T[Stee5 Pages I to 5 Statement of Fill8181 Activiti£5 Page 6 Balallce SheeÉ Page 7 Notes to tbe Financial Ststem¢nts Pagts 8 to 14 InderKndent ExaTniner's Rq Page 15
JIGGENS MEMOIUAL VILLAGE HALL AND PLAYING FIELD REPORT OF THE TRUSTEES The Trustees present their rert with tbe unauditd financial statements of Jiggells Mernorial Village Hall and Playing Field for the year ended 31 March 2024. The annual rqK)rt forms part of this retK)rt. REFERENCE AND ADMINISTRATION DETAILS:. REGISTEREDI PRllICAL 0CK 7 Higb Stre4 1xwort Bury St EdundS, IP312HH CHARITY REGISTRATION f4UMBER 1179584 TRUSTEES Dr S P FAaDn (Cbair) B Birrell (Vice Chair) JWBoyd MEDean M j<eS N J Iaughton Y McBeaD A M Percival N Phillips (ANK>itited 26 March 2024) (Appointed 26 Marth 2024) {Appoltia 26 March 2024) BAIYKERS Lloyds Bank PIC REPORTING ACCOUNT ANTS Twinn Accountants Limite41 Suite 4 East Barton Barns, Ew Barton Rorf Great Barton. Suffoll(. IP312QY SOLICITORS Ellisons Solicitors Headgate CourL Head StreeL ColcheS, COI INP Page I
JIGGENS MEMORIAL VILLAGE HALL AND PLAYING FIELD REPORT OF THE TRUSTEES (Continued) The Trustees submit theirrcport and the uDaudited financial statements of tb¢ cbarity for the year ended 31 March 2024. Tbe f]nall¢ial stateffjellts have been prepared in accord with tbe accounting policies set out on pages 8 to 10 of tbe accouuts alld cotuply with the cljarity's governing documenL the Charities Act 2011 and Accoulltillg and Rq)ortiDg by Clwities.. Statement of Recommended Practice applicable to charities prepatiDg their accounts in accordance with the Financial RqxTrrtiug Standard applicable in tbe UK and Republic of Irelatld published ill (ktober 2019. Chair's report Introductloll and summary This year has been challenging. The dttision move to a new accountiDg package caused s0C problems in the transfer from the Sage database. Nevertheles5. this has worked out well with savin85 being made to rullnll costs. The great dL¥PtKkilltllLent was having the offer of a site for a Dew village hall removed from the eh1K>uth(d plall. PlaDS to upgrade the village gTEen were put ou hold until such time as the questions relating io the leasing olthe children's play area to the Parish Coullcil could be rwlved. Le¢S between Jiggens CIO and the liTrbrary. (2021). the Bowls Club. and the allotment holders ore now in place. This yeaT the Board of Trustees has been strengthened buy three new members. Mr Alfred Percival (our bookings clerk), Mr Miclmel Dean. and Mrs Yvonne McBean. Lookillg forward the Trustecs wiu DOW a(klTess the pn)blems related to on in¢rease in the village population. tucluded for collsideration will be- another seaTch for a possible site for a new village hall, the QdIfIcation of the existiDg village hall &5 originally prop)seiL and the redesign of the recreation The Board will also consider atiTacting Dew user5 to the hall and new uses of the hall. Flnatsce The Trustees are grateful for the help and care given by the members of Twinn Accountants Limited. Details of the accounts are either aprKDdcd or may be obtained from the Charity C¢)mrnission online. The provisioD of a youth club Regrettsbly the youth club which was to have occupied buildings on the SEr txworth Schogl site proved unsatisfactory in that the youth Club was often tLOt beld because of events at the school which caused the h¢)0] to preclude adminance. However. the g( news is that it movd to tbe Cousins Room at the village hall and regularly meets every ThuNlay. Its numbets iticreasmg each rnonth especially now that the age range has been adjusted Our thanks go to M]ke Jolle5 (TtU5tee) and the youth WOTkers Zoe and Sophie who have made this po&s1le. Recreation field The redesign of the playing field has been wt on knld as during the year it emergd that an agreement between the previous tn]si dated 2011 had agreed to the extension of the children's play area to include other eqUIpen the cost of the bire in that agr¢ement £100 per aDnuJn. The Tnt is now in communication with the Porish Council for the transfer of that agreement to the new JLggen5 me021 Village Hall CIO on sitDilar tertD& Ixwortlk events group The work on the illcorpordtion of the events group fiDaDCGS iDto the TnLSt's accounts continues with a sepatate bank a¢couni having beell 5Ct up. Page 2
JIGGENS MEMOIUAL VILLAGE IIALL AND PLAYING FIELD REPORT OF THE TRUSTEKS (Continued) There was allother suCcefUl Chri5till&s Fair, and a llumber of Dew events p1all1d to include a May Baok Holiday evellt which at the time of writing h&5 p&&sed but was a great SUCC. The propoul for a new vlllage hll It would be rerni&s of me a5 1 stand dovrn from the chairnb]P of the TnLSt after 10 year5 if I did not record again my bitteF disapwbinttDeJit whcll the Partsh Coullcil effectively rejected the offer of a site for a new village hall and librdry. ID doing so they a]50 rejected a substantial sum of rnotley. alld various facilities and utdities. Th]s they did by re0VItIE the IaDgridge and Dauy Falln sites fro tbe NeighbouthLK>d Plan. The original offer made in writing to the residents of Ixworth througb the Jiggens Trust (CIO). The Trustees valued the offer at Jnore thaD £1,1,0(M). That tbe Parish Council should rej1 this offer was especially diSapin1]llg In that it was after the Schedule 14 consultaiiott with tbe tesidents and all the app[optia autborities. There were no objections from the authorities aDd only two objectiotLS frolll vagerS. For the PaTish Couucil to do this alld reject sucb a ¢ODsidtrable offer witbout properly infor]8 or re-COll5ultillg tbe elect01¢ was, in y opillioll, a travesty Of dellKKrdCy. much to be dtploraj. Persollal reflettions I joined the Jiggens in 2014 and it is hapS WOTth reflecting on the history of tbe Jiggens Trust over that lime. Ai the outset it was dityicult persuade people to be Trusttts because the potential fllvancial burden that might in certain circumstan$ fall upoD the 1vidUal Ttustees. At that time the Parish Council vds the Cusiodian Tne. They had the custody and care of the Tn¢,$ documents bui did not have administration or management wwers in re]ion io the TnL I was infom)ed that the Parish Council did not want to be involvoj fiuther at thai lime. On being appoinied Chairn]an the following year and aciing on advice given by the Tnt lawyers the TnleeS agreed ro apply for the status of a Charitsble InCorporad Organisaiion wbich rttently been introduwj. It took until late SLunmer of 2018 to achieve such stats]s. Then all a&8ets We traTLsferred to tbe new CIO by the lawyers under ihe watchful gaze of the Charity Commi&sIone (a CIO is in e(tect a limited company working under Charity Commission ryles). Sixteen months later in Febnwy 2021. an applicauon to the land lsty for forniaj registration of the village hall and other buildings together with the carpaJ*s and play]ng field was made by the Jiggens Trust {CIOI. Thu& transferring the d(Kumellts from the Custodian TruSe to the CIO. At this time, during the covtd epidemic, the hail was little income slumped although a government grdnt kept the hall at Ivast fmaneially afioaL At the end of these difficuli limes the Trustees began to get the ho11 lettings back to something approaching a new nom?al. I musi commend the efforts of all Trustees who helped to achieve this Temarkable turnaround. However. the following Febrnary Russia invaded Ukraine and gas heating and el¢¢tri¢iry costs soared This w&s a panicular problem for the hall where usage is heavtly skewed to evening use. Nevertheless, tbe Tntee$ managed to keep going and serve our comrnunity. Old and new Trustees alike have pulled together to make this Trust an enornious success with a bright future going forward. My personal thanks to all Tntte5, new and 01 who have maik and ar¢ rnakmg such a dedicated commitment to the present and fvture of w village. The Jiggens TrusteGs will continue to provide facilities to the comrnunity while iookmg for new wdy$ to iniprove and expaDd those servicGs and I hope to continue &s a Tnle¢. Page 3
JIGGENS MEMORIAL VILLAGE HALL AI¥D PLAYING FIELD REPORT OF THE TRUSTELS {CDntinued) Obje¢lives and aftivities The objectives of the Chan"ty are focused on the pmvi5ion aDd maintenance of the local village hall, playing field and ancillary facilities. to provide ¢ontillUOU5 llefi1 alld use for the inhabitants of the Parish of Ixworth without distinciion of Wphtical. reb"gious or other OPiniODS. The Clwity ain)s to improve the conditions of life for the kKal u]habitaDts. Its prilllary activities include the use for meetings, lectures, and forother forms of re¢tIOn and leisure time occupation. Publie benefit In shaping our objectives for the year and plannang ow activitie4 tbe TTUStees have considered the Charity Commission's gUIdae on Public Benefit inc1ltig. The Public BctKfit Requirement (PBI), Rutjnillg a cEity IPB2) aad Reporting (PB3). Aebievements performanc¢ Oll l April 2019 the Charity was the beneficiary of the transfer of a&sets and Id)ihties frotu a related unincorpordted c[Ity, Jiggens Memorial Village Hall and Playing Fiel¢l This atnounted to £427.195 and allowed the Charity to IKgiD operdtions. During the year. the ChaTÈty Caled out its objectiv&4 ond h&s undertaken activities to fvrtherprogre&s the sb]lIty of the Charity, a5 well as the improving on the continued usability of the local village hall, playing field atld aD¢illary facilitic5 for fithe of the benefil of the Parish of Ixworth. FinaD¢iai review During the fmancial period itic0n fnim d(matioDs and legaciGs aOllated to £2.125 {2023- £4,759) whilst incon)e from other tradttig activities was £32,550 {2023- £30,825). Other inci>me repr¢sents recycling income & utih.ty te¢h&ges of £2 J03 (2023 - £2.898). Totsi income amounted to £36.978 (2023 - £38.482J for the year. Total expenditUTe in the year aMoullJ £50.393 (2023- £44.045). Resulttllg in a llet deficit of £13,415 {2023- net defi¢ii £5.563). Reserves poiiry The c11ty nornllY expects to hold to £12.0(N) in a reserye nd to cover the genernl eXndItUre on charitable activities for a nominal bui undefll)ed period Based on the trading activities of the year ended 31 March 2024, the res¢rve fund would cover approximately 3 months exdItre. Jiggens Melllorial Village Hall and Playing Field unrestricted reserves held ai the year end amountoj to £413.683 {2023 - £427,098). The Trustets consider the reserve balance sutricient to cover the needs of the Charity for the for¢¢bIe future but airn to spend excess reservu over the coming years. Plalls for fure periods The charity aims to tItInue its undertakngs into tbe next year &$ set out ID its Objectiv the charity is looking ¢0 develop and illlprove the usability of the IIKal viuage ball, playing field and oncillary facilities for the furtherance of the Inefit of the Parish of IxwortlL Page 4
REPORT OF THE TRUSTEFS (Collthiued) Structre? goVern¢t and management The charity is governed as a Charitable Incorp)rated Orgatiisation (CIO) reference CE014898. The charity is governed by its board of Trustees and w&% [egisted as a Chlty on 17 August 2018 under the reference 1179584. The current board of TnteeS and the cbanges which have otturred sintt the Previous annual rert are as stated iti the reference alld administsatiye detads of these accounts. Reerultment and appt)intment of Dew trllstees New Trustees are illvited to attend a meetillE with the Chainuan and the Trustees to familiarise themselves with the ¢harity athj the ¢ontexi within whi¢h it operaies. Our policy for appointing llew Tnle is to search out people who have skills and clwacteristics that will be bellefitial to the charity. On apw)inttnent the TnJs*es receive a copy of the governing docuents and Chan"ty Commi&8ion truse documents. New TEustees briefed on the backwund and WO of the clwity and futu alti. Risk management The Ttustees have id¢ntified the major risks fa¢Tng the charity and have assessed their potetytial impa¢L Appropriate $ySten have been establishd to monitorand manage these risks. The board of Tn]stees follows the Charity C¢)mmisSi¢)S guidance 'Charities and risk maDagement' in identifying and weighing risks. Trustees review the fi0on¢iai risks to the Charity at each quarterly board meeting. Th¢ greatest risk to the eharity is its reliance on a high level of incorne from grdllt funding and developing a wider raoge of fijnding is a prioTity. Independent examiDer appointment A resolution to appoint Twinn Accountsnts Limited as indettht exaDJiner will be proposed at the next Annual General Meeting. Signin on behalf of the board Df Trustees DrSP Trustee Appn)v¢d by tbe board on .... Page 5
JIGGENS MEMORIAL VILLAGE IIALL AND PLAYING FIELD STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Unrestrict Funds Notes Tothl Funds Tolal Funds Intome and endowments: Donations & legacies Other trading activiti& Other income 2,125 32,550 2.303 2.125 32,550 2.303 4.759 30,825 2,898 Total income 36.978 36,978 38,482 Expenditure: Raising funds Charitable activities 50.393 50,393 44,045 Total expendithre 50,393 50,393 44,045 Net illcome and net movement in funds (13.415) (13,415) (5,563) Reconciliation of funds Total funds brought fon¥ard 427,098 427,098 432,661 Total funds Carried forward 413,683 413,683 427,098 All of the above results derive from continuing activities. The statement of financial activities includes all gaiDS and lo& rttognised in the year. The notes on pages 8 to 14 foTm part of these accounts Page 6
JIGGENS MEMORIAL VILLAGE HALL AND PLAYING FIELD BALANCE SHEET AS AT 31 MARCH 2024 Notes 2024 2023 FIXED ASSETS Tangible fixed assets 400,000 400,000 CURRENT AETs Debiors Cash at bank- main account C&sh at bank- Youth Club 12 5,927 9,909 9,716 25.552 17,M7 16,058 4,525 38,030 CREDITORS: AMouNfs FALLING DUE WITHIN ONE YEAR 13 {11,869) {10,932) 13,683 27,098 NET A$ETs 413,683 427,098 Funds of tbe chjrity Unrestricted fimds 413,683 427.098 TOTAL FUNDS 14 413,683 427,098 These finan al stateTnents were approved by the Board of Trustees and authorised for issue on ......................, on and ar¢ si DrSPM n (Chair Trustee The notes on pages 8 to 14 fonn part of these accounts Page 7
JIGGENS MEMORIAL VItLAGE HAIL AND PLAYING FIELD NOTES TO THE ACCOUNTS FOR THE YEAR EI¥DED 31 MARCH 2024 General inforjllation The ¢Irity is a registered Cbaritsble Incoorated Organisation in Etjgland alld Wales. The addres5 of the principal oific¢ is 7 HigF¢ Stre¢L Ixwonh. Bury St &lmunds. SuffoK IP31 2FtH, United Kingdom. Sttemtnt of tomplianee These futIal statements Ive been prepared in complian¢¢ with FRS 102. 'The Financial Reporting Standard appltcable in the UK and the Republic of Ireland.. the Statement of RecollJllLended Prdctice applicable to charities preparing their a¢nts in accordance with tbe Financial Reporting Standard applicaÈioD in the UK and Reb.C of Ire18nd (FRS 102) (Charities SORP {FRS 1021) aDd tbe CILaritie5 Act 2011. The charity constitutes a public Illefit entity defmed by FRS 102. Accounting policies Basis of PTepar4ti0 The fman¢ial slatements have been preped on the historical b&sis, modified by the revaluation of certain fmancial a¢$ and liabditics and inve51ment pror£rties rne4sured at fair Vah through in¢om¢ or expenth"ttue. The flltsllciai stat¢llllts are prepared in sfrrling, which is the functional oJrren¢y of tbe entity. Going CODcern The accounts have prewed on a going concern basis as the Tntstees believe that no Marial Ullcertaintie5 exist. The Tnlstees have cons1deI the level of fvnds held and the expected level of itKome a1 exFnditure for 12 months from authorising these fmallcial statements. The budgeted incorne atKI expendittwe are sufficient for the charity tr) be able to ¢olltiDUe as a going concern. Fulld ateounting Ut]restricted funds where applicable for at the discretion of the trustees to fiuther any of the charity's pur Desigt)aied funds where applicable are UDrcslricted fillMLs earmarked by the TTUStees to further any of the charity's PUfjM)se& Restricted funds where applicable ate subjected to restrictioDs OD their expendit1e declared by the donor or through the le[ll of atl aweal alld fall into one of two Su¢lasSes.. restricted inc¢)me filnds or endowment funds. Page 8
JIGGENS MEMORIAL VILLAGE HALL AND PLAYING FIELD NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 (Continued) A¢counting Polici {continued) Incorne All ithwme is included tn the slat¢ment of financial a¢tivities when ¢ntid¢ment has passed to the Charity, it is pn)babl¢ that the economic benefits associatixl with the transa¢tioD will flow to the eIrIty and the amount can be Teliably measured. Th¢ following spe¢ific FK>licies are applied to particular eAtegories of incom¢.' Income from donations or grants is recognised when there is evidence of entitlement to the gifL recetpi is probable and its amouni can be measured lIablY. Income from grants and contracts for the suM)ly of services is rwognised with the delivery of the conts3ctrd service. This is cla&8ified as unrestricted funds unless there is a conts3cttthI requirement for it to be spent on a partscular PUryM)se and ed rf unspeni in which case it aY be Eaded as restricted. Expenditure Expenditure is recognised on an accnthls basis as a liability is incurred. Expenditure includes any VAT which canxjot be fully recovere41 and is Cla"fied under headings of the statement of financial aciivities which li relates.= Expellth.tte oll raising ttds includes the costs of all futithaising activities. even non-charitable trading activiti&8. and the costs to sell donad goods. Expellditure OD cltsritable xtiviti&s include5 all costs iDCUTred by a charity i ulldertaking activitics that further its clwitable aIll for the benefit of its neficiaries, iDcludillg those support costs and costs relating to the governance of tbe charity apportiolled to clwitable activities. AII costs are alliKated to expetwjiture categorics refiectiDg the usc of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportiotKd between the activities they contribute to on a re&wD8bl4 juStifble alld CODSiStent basis. Tanglble assets Tangible a&sets are illitially recorded at C054 and subsequently stated at cost Icss aDy accu[nulad deprecation and ipaI[eIl lo&sts. Any tangiblc assets catried at revalued amounts are re¢ordoJ at the fair Value at the date of revaluation le&s any subsequent accumulated depreciation and subsequent accumulad impairnient low. An inctease in the carrying amoutlt of an a1 as a Tesult of a revaluation. is retognised in other recognised gains and lo&Y& unle&8 it reverses a chaoe foi impaitment that has previously been recognised as expenditure within the stateent of fllmllcial activities. decrease in the carrying amount of an a&8et as a result of maluatioffj is recognised in other reeogmsed gains and losses. except to wlll.ch li offsets any previous revaluation gain. in which case the loss is showi within other recognised gains and losses on the statement of financial activities. Depreciation D¢pre¢iation is l¢ll1aleAl so as to write off the cost or vahtiOn of an asseL less its residual value. over the use1 e¢0Mi¢ life of thai a&sel as follows: Equipment Fixtures & fillings 25 /v Sts3ighi line 25Y• straight line Page 9
JIGGENS MEMORIAL VILLAGE HAIL AND PLAYING FIELD L¥OTES TO THE ACCOUNTS FOR THE YEAR EI¥DED 31 MARCH 2024 (ContAnued) Atcounting policies (CODtiDued) Impairment of fixed assets review for indicators of impairn]ent is cle out at each reporting date, with the recoverdble amount being estimated where such indicatOTS exisL Where the Carrying value exceeds the re¢overdble amounL the asset is impaired accordingly. Prior impairnients are also reviewed for trf)ssibl¢ r¢v¢nal al each retthiDg dat¢. For tbe Purpo of itDpairnient testing, when it is not p)ssible to estimate the recoverdble atnount of an indivith]ai asseL an &stimate is mad¢ of the rttoverable arnount of the eash generatEDg Unit to which the &sset belongs. Th¢ generating unit is the smallest Identifble group of ats that includ&s the &sset and generates cash infjows that are largely illdependent of the c&sh infiows from oth¢r &ssets or groups of assets. St•ek8 Stocks are measured at tbe lower of cost and estimatd selling pr&ce le&s costs to CopIete and sell. Cost includes all costs of purcb&8e, costs of conva5ion a1 otber costs incurred in bringing the to its preseilt locatioll al conditiOTI. Financi illstrumets A finan¢ial asset or a fmancial liability is only wlwi the entity beeomes a party to the contractual provisions of the instrumenL Basic financial inslnunents are initially Tttognised at the amount Teceivable or payable including any relaied transaciion COS ue&S the arrangement constittltes a fmancing transaction, where it is rwognised at the preseni value of the fijrure payments discounted at a market rdie of inieresi for a similar debt instruillenL Current assets and curlt liabilities are subsequently measured ai the cash value or other onsiderations expected to be paid or re£eived and not discounted. Debt iDsttuments are subsequently meased at amortised cosL Donations & legacies Unr&stricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Donations Donations & legacies 1,125 1,125 100 Grants West Suffolk Council 4,159 5(K> 4,159 500 Youth Club Grdnts 2,125 2,125 4,759 4,759 Page 10
JIGGENS MEMORIAL VILLAGE HALL AND PLAYING FIELD NOTES TO THE AccouNfs FOR THE YEAR ENDED 31 MARCH 2024 (Contlnued) Other tradillg aetiyldes Unrestricied Total Funds Funds 2024 Unrestricted Funds Total Funds 2023 Fundraising events Other trading activities 68 68 30,757 32.550 32,550 30,757 32.550 32,550 30,825 30,825 Other illcome Unrestrictrd Total Funds Unr¢stri¢ted Funds Funds Total Funds 2023 R¢¢y¢ling & r¢¢harging utilities inco¢ 2.303 2.303 2,898 2,898 Expenditsre oll charitable activities Unrestricted Total Funds Unr¢stricted Funds 2024 Funds Total Funds 2023 Events expenses Youth club expeL Water rdtes 2,7IXI 513 2,700 513 6.190 6,190 1,141 727 5,075 997 727 Heal & lighi Telephone & internet Repairs & renewa]s Cleaning Premis¢s exp¢ns¢s Electric vehicle points Ground maintenance 11.044 1.406 1,967 11,668 1.982 5.075 997 1221 9,214 1.804 302 1,406 1,967 11,668 1.982 1,221 9,214 1,804 302 .546 2.010 3.954 .546 2.010 3,954 6,000 729 806 1,826 4.194 2.161 1.096 2,441 1.910 806 Insurance AdmInistrlon wage Youth club wag¢8 Printing. stationery & computer Bad debts Depreciation Lottery & licence fees Independent exan)iner fee 1.826 4,194 2,161 1,096 2,441 1,910 729 360 3.186 360 3,186 2.940 2,940 50.393 50.393 44,045 44.045 Page 11
JIGGENS hmoRIAL VItLAGE HALL AND PLAYING FIELD NOTES TO THE ACCOUNTS FOR THE YLIR ENDED 31 MARCH 2024 (Continued) Net income 2024 2023 Depreciation of tsngible fixed assets 1,910 Staff costs Management & adn)inistration wages amouDted to £3.954 (2023: £4,194). Youth club wages amounted to £6,((KI {2023: £2,161). The avernge head count of employees in the year wa5 3 {2023: 2). No employet received enwloyet benefits more than £60,(KKI during the year. 10 Trustee remuneratioll and expenses No trstee received remunerdtion ID the current period. directly or itmlireedy from the Charity. Four (2023.. three) trSlee5 were reimbursed expens amounting to £848 (2023.. £1.178) during the year. Tallgible fixed assets Freeho Fixtures & fittingg property uipment Total At l April 2023 & 31 March 2024 369 7274 407,643 Deprteiation Ai l April 2023 Charge for the year 369 7274 7,643 At 31 March 2024 369 7,274 7,643 CarryTrllg amount At 31 March 2024 4(K),000 At 31 March 2023 4(K).000 400,000 Tangible ed assets held at vgluation The tnle¢S have valued freehold property al the yefjr end date al £400,000 (2023: £400,IMM)) in line with the fair value of the transfer of assets as dilosed elsewhere in these financial slalements. Page 12
JIGGENS MEMORIAL VItLAGE HALL Ai¥D PLAYING FLD NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 (Continued) 12 Debtors 2024 2023 Trad¢ d¢btQf5 Othcr d¢bior5 Prepayments & a¢cnj itKome 3,050 360 2,517 15,904 28 1,515 5.927 17,447 13 Creditors: Amounts falling due withiD one year 2024 2023 Trade creditors Other creditors AccnR]s & defeed income 3.495 41JO 7.974 3,979 361 6.592 11,869 10,932 Anal1¥ of tharitable fmnds Ail April 2023 Incorne ExndItUre At31 March 2024 Transfers 427,098 36.978 {SOJ93 413,683 Atl April 2022 Incon Flld1tUre At31 March 2023 Trdnsfers 432,661 38,482 (44,045 427,098 15 Analysi$ of net assets bettveen funds As at 31 March 2024 UDr¢strtci¢d Funds Tothl FuTrJs 2024 TangiiTrl¢ f¢d ass¢ts Ncl current &ss¢ts 400,000 400,0(K) 13.683 Net assets 413,683 413,683 As at 31 March 2023 Unrestricted Funds Total Funds 2023 Tangible fixed a5ts Nel Current asscts 41M),000 27,098 4(M),000 27,098 et assets 427,098 427,098 Page 13
JIGGENS MEMORIAL VILLAGE HALL AND PLAYING FIELD Independent ex•miner'$ report ¢0 the trusttts of JAggens Memorlal V5llage Hall Haying Field We report to the ¢lwi"ty teeS on our examiDatÈon of the fiuaDcial ststernellts of the clwity for th¢ year ended 31 March 2024 wkn.ch compnsc the statelllent of fiDallcial activitie5, balance sheet and th¢ T¢lated notes set out on pag&q 2 to 14. Responsibilities and basfis of report The trustees are rcspoDsible for the preparation of the ruWla1 statements in acu)rdan¢e with the requiremellts of the Clwiti£s Act 2011. We report in respect of our examination of the charity's fthancial ststements carried out ulldei sectioll 145 of the Act and in carying out our examination we have lollowed all the applicable directions given by the Charity C¢)mmission vnder se¢uon 145{5Mb) of the ACL Independent examiDer's statement We have completed our exauLiDation al coDfinn DO material mattus bave come to our attenti¢)n in connectson with the examillation which giv&s us CLS¢ to believe that.. accounting records bave not been k¢pi in a¢thA¢¢ with wts.on 130 of tbe CharÈties Act 2011-or the financial ststemth)ts do not accord with such record5: or the financial ststements do not comply with the applicable requirernents concerniug the forni and content of accounts set out in the Chatities (Accoutlts alld Rcports} Regulations 2(X)8 other than any requirement that the accounts give a 'true alld fair. view wkn.ch is uot a matter ¢onsideTed as part of all independent examinatio We have no con¢etDs atld have come acro&s no other matter5 in ci>nDecti¢)n with the examinati¢)n to which attet]tion should be drawn in this rq order to eJ]able a proper WStandIng of the aecoullts to be reached. Your attention is drawn to the fact that the ¢hartty has prepar•J the accounts (financial statements) in accordallce with Acci)uutiDg and RetK>rting by Cbarities: Statement of Recornmended Pra¢ti¢e applicable Èo CEn"t]eS preparing their accounts tn accordance with the Finan¢i81 Reporting Stondard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charitie5'. stat¢ellt of Recottmended Practice issued on l April 2(105 which is referred to in the extallt regulations but b&s since l*en withdrawm. We uDder5tand tbis h&s IKen done in order for the accounts to provide a lrne and fair view in accordallce with the Genernlly Accepted A¢¢owiting Practice efffxtive for reporting beginning onorafierlJ 20.2.2D2Lk. Twinn Accountants Limited Suite 4, Easi Barton Banjs East Bartoll Road Great Barto Bury St EthDutrJs Suffolk IP312QY Page 15