JIGGIT4S MEMORIAL VILLAGEHALL AfqD PLAY]NG IPIBLD FOR THE YEARKiYDED 31 MARCH 2025 corfrEN13 OF FINANCIAL ￿AT￿M￿lI Re￿￿ of the Tryst￿3 Pages I to 5 Stst￿ellt of Fitwncial A¢livilie Page 6 Balanc¢ Sbeet Pw7 Notes to the Financi￿ Statone Page3 8 to 14 Pw15 JICCEFIS MEMORIAL VILLAGE HALL AYD PLAYINGFIELD REPORT OF TRUSTEES The Tn]5te¢s pra4ent their re￿tWIth the ￿naUdIteAl fiDatJcial 8tstements of figg¢nsMemoiial Village Hall audPlayiDg Fi¢ld fwtb¢ year￿ded 31 ar¢h2025. Thc aDnUalrqx)rtft￿￿Ls partof this repo REGISTEREDI OFNC 1179584 TRUSTEFS B Btirell Y McBean J W Bo).d MEDe•) Jor*s J ￿ght0￿ DrSPMao A M Percival (Chair) (Vicc Chair) (RW'8ll￿ 20 All￿2024) IloydsB8nk PIC RfPORTING ACCOiNfANIS Eagt Barton Roa¢L GreatBartO￿ SuffolL IP312QY. Colchcthr. Coi INH. Page I REPORT OF THE TRLSTELS {CoDttnued) The Th￿tteS submittheiT retK)rtand theuuauditrAfiuaocAaJ Statall￿ of the charity forthe year ellded 31 Mar¢h 2025. The finallci￿ statemtnts have pwated An accorda[￿ with the a¢couDtiDg poliriets s& fjut o pages 8 to 10 of the accounts aod COl￿91Y with the c]Mrity's g0venl￿g th¢U￿ell[ the chariti￿ ACL 2011 and A¢¢oThthg and Rq>0rt￿g by cl￿ttle8.. Staternent of RecornendeA] Practice aFy]i¢able to iti¢5 Pr¢p￿]ng thEir accouuts ill accorkn withthe Financial Rewltug Stsjthd appli¢able in the iIK andRepubJic of]￿d pub]isbcdinOctobcr2019. Cha￿9 report Neiy strncthre We now report our aetivities uttder three financial hcadinss. That for the H811 Playillg Fiel4 the Youth Club and the Events Grow). Thus, f2ciitstmg iw)th a¢c(xtytallw attd (￿a￿lSatIon. The Teader As refttted to the accounts. In sell￿al telltLs the hall (￿a￿S at a breakeveD level It is worth notitig that wha¢ gr￿ aTe rtceived in year. for the youth club for ¢xample. a d¢fi¢it Th¢ Tnut h83 a160 now re￿ for Giftkn"d wilbHMRC. Dr St¢ph¢n MaDll 8tixxl d(ThryL afi¢r J)io¢ ye8rs 8s ¢haTrmall omd the folloTr*ing offi(￿3 Fcre Ihen electtsj: Bittrll 24 Chair. Mrs Yvonn6 McBtan &8 Vicc Ghair aud Mr kn'¢ha¢l D¢au as 20 Allgust2024. ￿￿ing the year itbec4me an)arent that thc libw was EKiDg rEttErn￿ to ST￿0]k Co￿lty Council from "Sllffolk ￿7)raries, The great new8 is that libK2ry Vns staying xn Ixvmrth and in the Villagc Hall. A o¢iK Cojjtract 18 io th¢pr0¢493 ofbemg a Vlllage hall premtses Several projecLs w￿e undutsk¢n thlliTrg th¢ year in partAL7thr th¢ toild bliKk wa8tC-plumbed and the refllrbislllnent of the W area rn c1FllJll￿. Both llow complete at the lirne of writing tbi8 Yollth elllb The Youth Chth continue8 to grow and inuease iti llumbtts the dirtctirn of Mtte J￿e$. tkn es¥ vmage The for & new Village Ha]1 h&4 not rnatcti￿ and the Jiggew Tn￿t agrttd to ￿. or£rate Ivith the P&ish Comcil OD fioding fimthg new ￿ r¢filll)i￿ Village Hall on the existing Sitc. Th6 Cb[18ti￿ fair w¢Dt ab¢￿j uT¥ler the m05t teml)le condition8. The stsll holders oved into the vJlL4e hall and although itcanllot b¢ a fman¢ial sth¢¢e6s gr¢* was hadby allwhoparticipat&4. Pag¢ 2 REPORT OF THE TRUSTEES (ContiDued) Mayday The weather T&￿y itllprovr4J the May Day celebratiow on th¢ gr¢¢n. A SU￿1￿ was Two disco d2oced hEld ¢kning the year the first OJA a n¢)stslgi¢ theme '￿Ille(leS to Nougtities" and the second on the theme of Yow¢ Music". Th¢3r WEre both generate a 8urpkns andthe tI￿lley ha5 rAng fenced for ftttDre event& Sale Irail This Vds held agaiti this year and ity SI￿&%8 would that it IM become a ￿g￿lar fav(Anite. A personal thank yo I would ]￿e to ¢xprw my ￿atitUde to all th(*e who haye in my fJTSt yrat as chair￿ especially th¢boaTd of with(sutwhomthis Serv￿¢ to the Con)￿lY Wouldnotbe￿3￿ThIt. Page 3 IIEPORT OF TrUSTEFS (Continued) ObiecttveJ aDd acttwhies Th¢ Obj￿1v£S of the Ch8rllty are OJJ th¢pmvisioo ard maintenance of th6 lool Mllage ball, playillg field alld atscil1￿ facilili¢s, to wovilk I￿¢fit￿tIaU$e the inhabilallts of the Parish of LTWQrtbTr4qthout (ltsrinrtiim ofpoliLl￿[ Teligii)w or othcropxDioJks. The Chaty airll8to imwov¢the ¢(ynditions of lift forthe I￿1 llthab￿. ltsprimaryactivities includethe u¢ f Pubjic benefit hi shaping onr objectives for theyear 8nd plalltiitig ourxlrvitt"¢8, the Tr￿ have consid￿rdthE arity Conllni&sion's guidan¢e Public Benefit lllclud1￿ ThePllblic BCllefitRWllrem￿t (PBI). Ruty)in8 a Cknity (PB2) and Rw8 (PB3). Arbievements and perfoTmante OL l Aptil 2019 the ChaTity bcueficiary of the traDrfer of and liobihtsee from aT¢lated uDincw0rat￿ Charity, jigge￿￿￿¢￿￿18l ViIlage Hall alldPtsyiug Fiel& Thi8 a￿Out￿￿ to £427,195 and allowed th¢ Qarity to begin opcralio] Durmts tb¢year, the Charity Carried wt Ats thiectiveg 2nd h&81JndertthA activities to firth￿ progress the stability of the Clwity. as well &s th¢ improvjng OJJ the c(¥JJuuuedusability of the10sal village liall, playin8 field and attcffly facllities forfllrtha￿ ofth¢ t*Kfit of th¢ Pariyh of knortb. Dllrirlg the firancial period fmm donatiOJL8. gfdnts aDd amOUDted to £20.065 (2024. £2,125) wljilst incOll￿ froJD (rther trading actiYitiGs was £34,￿7{2O24- £32J50). otknij￿Orne represents recyciing &utiIityr￿b￿E¢s of £5.651 (2024- £2J03). Total iticome ￿llO￿Lted to £59,72312024- £36,Y18) fortheyear. Totsl ¢%penditure iti the year attKpwited to £52.003 (21W- £50J93). R¢sulW ill aDet s￿￿h￿ of £7,720l2￿24-￿et dcficit £13,415). Roerve8 pollcy The th￿Ity￿0M￿lly expectstohold up to £12.7 5.651 18.445 20.065 34,(K17 5,651 1125 32,550 2J03 41278 18.445 59,723 36978 Charitsbl¢ a¢*viti¢s 43926 8.077 52,(M)3 50,393 43926 52,tK)3 50,393 et surplu& (deficit) (2,648} 10,368 7,720 (13,415) Reroneffi8tign of f￿￿3 Total foTy18 browfrnrd 413.683 413,683 427,098 Totxlfulld¥ rarried fonwaTd 411.￿)5 IOJ68 421,4 413,683 All of the above r¢8ults &YffYe from wntstiry *liYitse8. The￿1￿ Onpa8￿ 8 to 14 fonnpart of the4eaca)unts Page 6 BATAN(SSll￿A8 AT31 MaRCF2•25 2(124 Tan8th1¢ flxd￿sC io 4Th),0 CDRBVArASs￿s li 9395 17,0 5927 (ksh atbank Cash atbank.Yollth (lth 9,716 33213 (IL810) {11.869) 2L403 ThKrA8S 421,403 413,6B3 oftht ¢harify 411,035 IQ368 413,6K3 421.403 413,f43 16_1..7.1.70 Tha8e fJtm¢I￿8tst￿)wllts appmvejlby thoBomlof]Iu8t¢es 8lldauthorisedkn￿8Ua ¢n..- . .. . and sign6donbehalfofthe boaxd by: mrBBiceIi(a￿) . Twstr Thenotts onpage8 8t0 I4fi)rnpartofth￿ea00o1ll 'ITOZ YV POE ((zoi s¥&) daos (zol sWvuvp4Jo xqwp mTr)JW)Tt(Tdr pjeputjs twuew. JO VP)TIPWsgrp',PllEPl13oryi￿wkx 8DuJc4 NOTFS TO THE ACCOiThTS FOR THE YEAREIWED 31 MARCH 1025 (Conttnlled) Accounting polides (ctslltthtyed) Intome All illcome is included iti the 8tatetneJrt of financial activities when entitleme￿ has passed ty the ¢haTtty. it i5 probable that th¢ e¢on0￿c benefits &*8ociated with thc tratssaction will flow to th¢ thamy and the ¢an be reliably measured. The followiog speci6c policies ¥se from grdnts and contrxcts fot the supply of serv￿¢s is rceognis¢d with thE delivery of tb¢ contr8¢ted 8cTri¢¢. Th]5 is clwified &8uDr&%tricted u])less there is a contr￿al Tequirn•t foT it w be $￿t OA a patscu]zr purylose ￿ retun)ed if BApenditore is rcc4J8tiised oo ￿ *croals basis as a ]iabi]ity 18 ADQllTed. Ex￿loiture includ&8 ally VAT w]Li¢h vAwot be fulty recov￿ and ￿ GlassifieA I￿ad￿gS of the statement of fioancial actiViti¢5 to T%thicb itrelates.: non41wiTabletrading activitics, aad th¢ Costs ttF scli dL)llated gtK)d8. dertskiDg aGlisryties that furthet it8 ¢h*i18ble airns th¢ b¢n¢fit of XLS the charity amM￿￿￿￿E￿I to GI￿Ilable aCLtvitie&. Costs at[n1J￿tsbIe Éo a siog]¢ a¢ti%ity all￿ared direcdy to that activity. Shared ￿8t8 are T*mOble ao8¢ts Tall￿ble assets are iuts3lly tr￿ded at ¢08( and subsequently st&ed at ¢051 I¢BS ally Any &qsds callied at revalued increw in th¢ carrytng (rf all &wt &s a rtsDh of a xevaluatioJ is reco￿lS¢d tn other Tecognised gaitLS and 10&3es. uDk&y it T¢ver￿S a ¢b￿ge for illwa1rrne￿t that has previously befn rcco8nised &8 eApendittue the statemeut of fjnan¢ial a¢tivititd. A TecO8ris￿ gal￿$ ¥tyJ losse4 except to which it oJTsets any￿￿￿ouS r￿alUatiOn gain, in which 7$¢ th¢ 108s is shown withill oth¢r Tr¢ow8ed Sa￿S alld 1058es on the statem¢nt of fjnatici actiritics. Depreciation DeprecA*ioD is calculated so 28 to wri1¢ off the ¢<*rt or Ygluati¢)D of aD asseL less its r65ith]ai value, overth¢us¢fvl c￿n0M1( life of that &wt &8 follows.. 25% Straigbt ]iDe 25Yo straigbt ]iDC Fi¥tures & fittiogs Pag¢ 9 IY(WIES TO ACCOtNrs FOR THE YEAR Ehl>ED 3J MARCH2025 (Ctsnthiued) Jrnpainllent fjfftx￿ a5J¢ts recoverable amount being ￿ttI￿at￿l where stlcb JndicatoTh exisL Wbefft the tarryryng the exceed8 the recoverdbl¢ the as8¢t is wopaired acc4)rth8ly. Trior impairnients are also r¢vs¢w¢d f(Kp&8ibleIevetsal at ¢ath rwtsiig date. For thc of illwaiTmgut testi￿ when it is not P085ibl¢ tc f&imate the rtLoveYxble alnount of au individu313&e4 esttrnatc is rnadc of the recoverdbl¢ amount of the ¢a8h generating UDit lo which the belojjgs. The rA8b geserdting utlit is th6 identifiable grow) of assets that includes the 355¢t and g¢J)ernt¢6 iufiows that are largely ]nd6p￿￿¢llt ofthe cash it]llow8 fJomother&wets or 8tOUPs of a5% Stocks are nJ¢ayurefj at the loiver of wst aud selling price less ￿$ts to ¢onwl¢te and Sell. includes all costs of lA￿laS¢. costs of cojjversion and other c05L8 in bxAuging the sr(Kk to its pIC￿th l(Kutioll Jnd Cotho A fttwi¢ial &8set (r a financial h"abJlity is onty Bthen th¢ ￿lty be￿Me1 to the Contrath￿l provi8lOD8 of th¢ includiug any Telatfd traDBaaion CO￿ ￿lesS the arra￿ge￿wnt constit￿e$ a financin8 where il is recog01￿ at tbe present value of the fityre paym¢Lts dAscowtsd ak a Jnarketrate of interest for a sill)iJaT debt10strtm￿nL Dolla￿0￿& & legades UDre4tri¢ted Restricted Total Fund8 2025 Totsl Futs(L8 2024 DonatioA¥ Donations & kgacies 1,620 1.620 1,125 Grants West Suffolk CouncAI 5,IK)O 13,445 1,000 13,445 1,620 18,445 20,065 2,125 Page 10 LYOTfS TO TllE ACCOIJNIS FOR THE YEAR ENDED 31 MARCH 21125 (Continued) other tradAllg activitsej 2025 2024 Other trading activxLi 34.