Minchinhampton Market House CIO Report and Financial Statements For the Period Ended 31 December 2023 Charity Number 1180035
Mlnchlnhampton Market House Rgfvr6nca •nd Admln18trdtlve InfoTmatton Charity n4rm'. Chafty re9kStraticn numb8r. 11 klarket Squwe lnch1nhampt, GknjCethi[e GL6 9B El8Ct8d T[tEe5 MrJ H(MJges MT C Cheetham MSA M Tirnp50n Charrnan UrPHa MrJUay MrA Hamw Nomln8d TrIte8S Ms L Grist Mr A Vaughan Mr J Waddington MrG Alr MIh1rarnpt Mkel MirLhinhano Pws MIr1thpt Ptsh C(xmul MirttinhaMpt L¥1 H&cryi Banke CAF Bank 25 Kings Avenu8 KirvJs Hil. Wesl Klt ME19 4JQ Shthk 8ank LTmited Lutea Hse, Wadey Hill Buslness Parl( The Drive. (knal Wy BrentW Essex CU73 3BE $tructur&. Go¥•rnan¢8 and Manag•m•nL Thg rjas8n is a registsd cPrIalle wdera u[ated on 2Q SeptÈmLr 2018. The provijes for4 trustees t¢ be elecled at AGM. 4 truslees to be nfyminal1 by narn organisations and up lo 6 Itee8 to bè tTropled ty the Twstses tt was cMted lo take over mawemwl of tho Market House from the Gharrty kn as Ihe 'K4inchmhatnpton Mark8t House Managernenl Committ. (Charity NLuntw2073081. Th8 Chan twk effect on 1 July 2019. The ownership of the Market House was tranSferd from mInthnhamptr Patsh CtyJrLI las Cust¢x£ign TnL8tstl to the CIO on Ihp same thle. Thi$ was In line %ith recOMnatiLK frorn (arity 8ThJ to (xxr¢ty to obtsin fijnding from su¢ Ixxlies as DEFRA and ts Hwlage Lotsry Furwj. Obl•¢ts and ActsvKI8& Tha obits oFthe CIO ¥ to and Wl 88 m'r¥DhEI Mket H4yJ88 10 fort of the Inhalants ofthe Parish ofMlnchinhampt(Jn llhe area of tnefifi Ostinction ofsex. sexud oraentation. 4e, disalxlty. nalionality, race or p)litScal, rèltqious ora(her otinicns offle$ ICY rreation or OlheT lsure time ttCUPation of IndIda who hav8 of 5wh failoitts by offviryouth. &Je. Infirrnty fiTramal hard5hipor sccial arKI ecoMml¢ clrcum5tarw orforth8 at targe in th8 Interests of soaJ tfare object of improwry the conditrE of Iwe of Ihe sd inhabitants. Achievemorts and Perfonnanc• Surninary During 2023 M8rk&t House ha5 wwate tririrvJs. markets. ccfflcrts, pky5. dwc8 clasw film r¥ghts. Ta5 ar scfthsng. 1 heve contributed lo addin9 ¢PPtstunty. entethnmentarK1 tott CLThiunty. Wlth COVID wdl behind us. 2tr23 Maret varEtyof ev$ hddtsthe (mmnIty. nlÈrt8inFnenl to be hosted. We delight&4 to conknu2 kntirvJ th8 Plw letoth8nklhem for Iheirwww5 SUFPOrt to the Market Holse. As normal. they played to h>J888. I would Ike to Ihank all thtsst tkgve swpjrted thè Mel FIX ty 81tEfKlThJthe 20tJ vlenb. Cxjr 2024 prcYJrarnrr has 901 off to 8 very strong stsrt and have eVts ie cllhe year. Our Èbsite ha5 detai fthiS yearfs ov. As well as
prwding a gwi nNJhlout fortr L¥). tW also ratsefurthkn Mathet Hthjse Wwjd brj availfjble forOIt0 w. FundRa A huge thank you for an thD5e h8¥8 (knnated raBed lo surwtthe Market Htytse. After signfficantfiJThJ ra9 fDrthe r$Tr)¥atn ofUE und8rc¥cdi y8ars. 2023 qUEI and CDnbnuo lo san emphasis ots vAder scckql value pritte in lir Imth wr prnwy to te at Ihe IEarl cl the nMunity. The moye th8 fxjmmunity use$ kne M&rket Howth8 great¥ wr a"ty11 Ixne to fiHKlir¥J. As rePted in earfIeryea we dY need to m up th8 Initi w£Yk n9 Ih8ACRE Tnarwd DEFRA Rurd Community Building5 Loan FU $0 TrquiriThJ orwng loc( watKY) to repoy. (rf5et ty usage WÈ e abk to m8kv of the undercrvft. We would Ilke to thankthe Minchknhampton Parth CtyJrKxI fortheir ¢brJ1rYj ofihe Maket Htyjsé (turTng 2023. As 8 committee we UnderStar pressLYes arMI prwbes the Cwnd f8(w and are aFprave d the s¥Jfftant grants g1¥ t¢ Marf(et HtyJ&e in 2022 d ttrw ag8in for thbES in 2024 The most Th)lab mainlenanctr curr8rt i55ue Markd damag8 by ts very hot weather to the (Xmry in the smer where high lemreratures can dry wl ts INY KAaster causTrJ aster it to cr8r1 tsll onto th8 Street tset. Thi5 was monitored in 2023 and tho Intent In 2024 B to whjaa on wthnbvv Mnten4raTrj outh5. The rnain hall conts"nuJ to in rare¢t use thro 2023 axl it is to bjk a rfng 2024 we t tsrgeling Improvements li th8 main Wl. mairty dati( Ixrt akn 8ft8r key wrs w0x1t8. Funded from puNicdondtior6. nts 8TrJ Ihe DEFRA h)8nfiwpJ rthBd to inttts rBprt th8 restation was )mplded in 2023 and in summary" The proit tas met SI2 aiti ofpThbJww thè f¥xnmLntywiiti 8 sale aThJ p8, fit fc wrth)ye, for at least The prOjIdN8red." 6h9cments delNer¥J tyswfficanty red the o[lp& atxl trips ImFThved bIty arnj seatiry by stLwI IW mew. replacent ofrrifings removpd in the 119705 Full Ihting aTrJ dttbic21 rxyww Th8 project W8s Wun in March 2022 in Awt 2023 The Pw48Ct was inthalty at£?3.(¥Yj VAT). the fina L¥JstkYd5 £1(&810 [IncVATl80wdl 1th1n the pLn1 contingency estrmale. a mal#d aCen19effi Ktst COWD iweases d gtneral 8t1. reftecl?ng cost ntrul Xbons generally t Funding In OVTra$ MMH aTra £63.345". ACRE r8ferrl toth £15,fAXJ.. minthnktpf0n Par Counul £10.QLKlaTrJ oth artgrr1j £18.4&5 Thtrrg a signthGltthonge intsuste88 #the 2tr23 AGM. Niro Bryan ¥JJJd a5 Sretary Anni8 May TiMC w8$ e¢", Richard Bry st1 (lJYn a5 TrwdsThaThl Ckn Ch88lhn was BCkn. FbthJe8 asthe 3vJ Bttted TrL6tee YRS ret8d. Tirn Mowat IFurvJiivJ Lea¢Jl Adrw Hbert arKI Lefma Roz8e 11 (M). IKwer g CtrLpt&l trJste8s and Ihg 3 ApFtintèd f¢l&J. confimEd ID pcét SKx kn dyrry 2024 b)8 yarttr refftthJTrJ th? Lo¢al Group has tÉ) It is the &lleryJy. enthl8$m, and twd crflheux7V))Ilee m8rn thaknthe to funikn thrOh available 8Ltl% cenlre ofthè t(xnmwty. 2023 has 58M a brtlliani team effcrt The .8 ¢XXlinuestO pe vjJ.ng LBfor o111tr 8VPArtÈ and aCtlbe& il prle5 right in the hwt ofourtowrn thanks to al In&ees thgy SUF¥xxL hard work and dedblAn ovwthe last year. Financlal R¢¥1 The Pmfit & Loss Balwt Stwt L>Mr th& 31 OKlr??3. Tclal irOrn• £23,085 IZ122. £56.3631. TO th5 was £57.736 (2022- k)5s c4 £21.1C61. GenernlFwKI PrOfftfth8 yearawoyjnted to£i,464 P022£6,46517Aryth £25.927 ba. tr*)dwrwY frc•m to r(2022 £10.OD)I. Inrne
IrKom8 from FuThl Raising Events prtthikn wveriry dra0 mu5r ir¥xeJ futhr kn £10.693 t3)22. £7.8401 Letting irwwe 18 broa(ly stst4e Ihe extenttowttich the Matket H(xE8 is eXtr1Yv11 wj £11.726 12022- £12.9321. The Educalon Cwp wer& 80 5u(wsfvl that tw need to rrrtwe to W eMsS f¢x c(wrabJL8te trm, Ihe Minthnhamp Expènditure DepreciatK)n ks stabl& airJ,492. Event Cc6tskwE £6.1]85 Mtenant d£7248 was pdnopally £3.186ftr8 rtenrrt 3. whje r[KStorI tE2n. toge1horilh futlhpr rekH to L¥j¥ in tbe 9r8en rix)tn toilet m81nlenyrre12022. £4.1241. TFwEwe c8pitsI t$ year (2022-£1.4821. AppthlF(md The10ss forthe yèar8rnounl•J to£>J.344. (2(Q2-k6s of£17.5711 Income Resirxed Int8 irLknd £10.IXN) 8ath Ggrfiela W85kn Bem8rd undwuoft restoraoon. 12022- £10,WOI. Und8rtr(rftexpgnditW8 in ¢xJrrent yew ToWI8LI £55,8W2 cOMng £27.l9UTh1t pftvirKJ." Q3,042 ltrtlE replxw £5,140 for archwk)gkal mvtr£tigation arK1 supemsiw and £621 of crth8r ilerns B8lenGe Sheet General FUNI Cash atbank f811 to£g.546 (2022. £36,018). [thrJ tl£r I2022- £1.4CKJ)wa5 for855et 9Mts and used to offsèt datiDn. T{ r8sms were£13212120t2. £40.6041 Apwl Fund Cash at bank fel to £14.192 12022. £50,WIfrAhy Ct¥MpJK ofihe UrwJuuort rErKwation. TAcRE ban £13.372(2O22 £15,rKJoi. Tow $866 (medIST we £81913)22. £31.1631 airrnan
CHARITY COMMISSION FOR ENGLAND AND WALES Independent examinerfs report on the accounts Section A Independent Examiner's Report Report to the trustees Minchinhampton Market House CIO On accounts for the year ended 31 December 2023 Chartty no (if any) 1180035 Set out on pages I report to the trust8es on my examination of the accounts of the above charity (Ihe Trusf) for the year ended 31112 12023. Responsibilities and basis of report As the charity's trustees, you are responsible for the preparats'on of the accounts in accordan wtth the requirements of the Charities Act 2011 {Ihe Act.). I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carying oul my examination. I have followed all the applicable Directions given by the Charity Commission under section 145{5)(b) of the Act. Independent I have completed my examination. I confinn that no material matters have examiner's statement come to my attention in o)nnection with the examination (other than that disclosed below") which gives me cause to believe that in. any material respect.. the accounting records were not kept in accordance with section 130 of the Chanties Act., or the accounts did not accord wth the accounting records,. or the accounts did not comply with the applicable requirements conmIng the fomi and content of accounts set OLrt in the Charities (Accounts and Reports} Regulations 2008 other than any requirement that the accounts give a 'true and fairf view which is not a matter considered as part of an independent examination. I have no cOnmS 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. ' Pl8ase delete the words in thé brackets rfthey do not appty. Signed: Date: Iq o@f•£fQ % Name: Matthew Burrows Relevant professional qualification(s) or body (if any): Address: ' 13 ff Micth•ag tL¥& Cl¢ELfwryl IA a4kiQc IER Oct 2018
Section B Disclosure Only complete ifthe examiner needs lo highlight material matters of conrn (see CC32, Independent examination of chanty accounts.. directions and guidance for examiners). Give here brief details of any items that the examiner wishes to disclose. NgfJ IER Oct 2018
Minchinhampton Market House CIO Statement of Financial Actlvltles General Fund January- December 2023 2022 Ordinary Income/Expense Income Bank Interest Earned Fund Raising Events Grants and Donations Income Restricted Unrestricted Total Gtfts and Donations Income Hire Charges Miscellaneous Income Profit on Sale of Assets Total Income Expense Advertising & Marketing Bank Charges Cleaning Depreciation Expense Deferred income Event Costs note 57.31 10,693.28 10.62 7.839.82 5a 5b 364.04 2,753.CKI 8.824.81 19,428.25 12.932.CW) 2.50 750.00 33.112.75 11,114.63 11.725.86 22.840.49 678.26 120.75 1,930.65 3.492.LK) -1,4CKJ.C() 5.922.52 2.179.17 581.92 450.60 162.58 322.(X) 162.00 1.662.11 7,460.(K) 5.585.93 1,834.58 Insurance Expense Mistellaneous Expense Office Expense Performing Rights Professional Fees Repairs and Maintenance 868.56 161.68 954.() 4.123.92 7.247.70 Elettricity Gas Telephone & Broadband Total utilities Total Expense Net Ordinary Income Other Income/Expense Other Expense Capital Purchases Total Other Expense Net Other Income Profit for the Year Transfer of reserves to Appeal Movement in reserves 1.529.01 1,065.47 344.40 1.101.73 658.73 271.29 2,031.75 25,166.53 7,946.22 2,938.88 24.305.03 -1.464.54 1.481.47 1.481.47 -1,481.47 6,464.75 .10..(1) -3,535.25 -1,464.54 -25,926.78 -27.391.32 Page I
Mlnchlnhampton Market House ao Statement of Financlal Activities Appeal Fund January- December 2023 Ordinary Income/Expense Income Bank Interest Earned Gifts and Donations Income Total Income Expenses Bank charges Bank Interest Paid Professional Fees Repairs and Maintenance Total Expense Net Ordinary Income Profit for the Year Transfer of Reserves from General Movement in Reserves note 2022 39.20 205.00 244.20 229.98 23,020.00 23,249.98 55.00 568.59 81.00 6b 2,400. 48.340.01 50.821.01 -27.571.03 -27,571.03 10,000. -17,571.03 55.891.74 56,515.33 -56,27L13 -56,271.13 25.926.78 -30,344.35 Page 2
Mifithlnha¥Trpton Mawket %¢ CIO Balance Sheet
i-Dp¢-23 Assets TangIb Fixed knets CurreniA85ets prepa Exgen5e5 Acctrjnts Rtcehat4è tash at bank aThl in hènd TotalCurrentA55ets Current LiaknlTties (due wlthihODPr) Accounts Ptyaue ACRE Loan Oeferred Revenue Total Cwwent 3bS NEfcuRRENT ASSErs Liatyllties due afterorÈYear TOTALASSETS LESS UABILttlE5 Caialand Reserves Unrp5rriCted rÈserve5 AestriLtEd Reserves IdIwVaathon ReseTh* GEneral Appeal Total 7a 501,426.1)1 50W6.OJ 9)4.918.OJ .918.00 2?22.19 1.079.( 9545.60 946.79 2J22.19 1,079.fX) Z3.737.15 27.138.34 1133.76 150.ts) 36.017.79 38.301.5S 2,133.76 150. 86,686.07 88.969.83 14,19155 14.191.55 50,668.28 50.668.28 1.160. LIW.60 1.692.65 L216.O4 4.504.97 1,627.40 5,721.01 1,627.40 1,400.( 6,132.37 8.748.41 44.535.91 80,221.42 13.372.60 13.372.60 31,263.31 57k.766.82 Im65 1,4(A)(KJ 2.616.04 35.685.51 1160. IL786.19 1.692.65 12.498. 11.679.94 2A53 25 24285.09 11.679.94 514J>aLIS 540.60151 51321119 13212.39 81&96 14.031_35 40,f4)351 30,9.2? 255.04 71,511.78 25s.tsl Tutsl Rese 513212.a9 81&96 51403135 510.E4)3SI 31,163.31 SYI.7é6.82
Notès fornilng part of the Financial Statements for the riod ended 31 December 2023 1. Basis of preparation These accounts have been prepad on the basis of historic cost in accordance with Accounting and Reporting by Charibes- Statement of Rernrnended Prath"ce applicable to chanbes preparing their accounts in accordance with the Finanal Reporting Standard for SMalr Entibes. {Charrties SORP (FRS 102)), Accounting Standards and with the Charities Act. 2. Accounting Policies INCOMING RESOURCES ReCOgnOn of incnming resources These are included in the Statement of Financial ActNities ISOFAI when.. - the charity becornes entstled to the resources,. - the trustees are virtualty certain thal they will receNe the resour$,. and - the monetary value can be measured with sufficient reliabilty. unStriCted grants and donatK)ns Unrestricted grants and donab'ons are only included the SOFA when the chartty has unconditional entsuement lo the resources. Restricted grants and donations Restricted grants and donatK)ns are matched wrth the expendrture to which they relate. Donated seNices and f8ei5iti.es These are only inctudfjd in iOng resources rf material. The value of any voluntary help is not included in the accounts bul is des¢nbed in the trustees. annual port. Volunteer help EXPENDITURE AND LIABILITIES Liability recognition Liabilities are wognised as scon as there is a legal or constructive obligatjon commitb.ng the charity to pay out resources. ASSETS Market House Building The building was gifted by Col H G Ricardo in 1920 lo be held by Truste8s for the benefit of the residenls of Minehinhampton. Having been heks by Minchinhampton Parish Council as Custodian Tnjstees. it was transferred lo the CIO on 2 July 2019 and is included at valuab.on Other Tangible fixed assets These are ¢apitalised rf they can used for more than one year and cost al least £250. Items cosb.ng less than £250 are expensed and shown in the SOFA as 'Capital Purchases, 3. TnJstee Expenses No tnJstees received any remuneration during the pw¥)d. Three trustees were reimbursed for supplies and equipment purchased on behalf of the charity amounting to £1,229 4. Employees The charity has no employees 5. General Fund Income and Expendrture a. Restricted Grants and DonatKJns relate to grants as explained above. b. In 2022 Unrestricted Grants and Donations included govemment grants of £3.767 and a grant of £5,000 from Minchinhampton Parish Council. Repairs and Maintellan of £7.248 was PTincipalty £3,186 for a replacement 3.5m wide mtorised projection screen, £800 for repairs to wwdwork in the green room and £743 toilet and drains maintenance. with the remainder being multiple roub.ne smaller amounts d. The were no Capital Purchases in 2023 Page 4
- Appeal Fund Income and ExperKltture a. In 2022 the donations were restricied income comprising £2.$00 from the Leche Trust, £500 from the Langtree Trust, £10,000 trom the Bemard Sunley Foundats"on and £10,000 from Garfield Weston Foundabon towards the cost of the undercroft refurbishment b. In 2022 there We professiorsal fees in relation to the ArChrt for the undercroft refurbishment ¢. Repairs and Maintenance comprising £27.089 for undercroft paving," £23,042 for the replacement metalwork,. £5,140 for archaeological Investation and supervision and £621 of other items
- Fixed Asset5 Movement in the year Freehold land BuTkllng and Bulldlngs Impro¥ements Equipment Total Cost Beginning of Year 500.tJJ).IXJ Addition5 Disposals End of Year 29550.rJ) 7.750. s37.3. 5(X).000. 29550.(N) 7.750.(KJ 537.3(Kl. Depreciation Benning of year Charged in year Disposals End of Year 26A22.(M) 2.252.(AJ 5560.LKI 1.240.CX) 32.382.CKI 3,492.CKI 29,074.00 6,8CM). 35.874.C Net Book Value SO0.). 476.(M) 950.00 501,426. b. The pur¢hases and depreation based on a life of 5 years of building improvements and equipment are shown in the balance sheet. Some of these assets were purchased with grant5 from various bodies. The grants have been treated as deferred income which is credrted to the profit and loss account by instalmenls over the useftjl Itfe of the related assets on a basis consistent wth the deplatIon policy. This is in accordance wrth SSAP4. 'Accountsng for government grants,
- Other Balan Sheet Prepaid Expenses of £2.322 is for insurance premiums for 2024. b. Accounts ReceNable, Accounts Payable and Deferred Revenue. Accounts Receivable of £1,079 is for hire charges. Accounts payab includes £596 for energy, Cleaning of £216 and small amounts for marketing materials and web site hosting. Deferred revenue £nil12022 £1,400) comprisgj grants towards fixed assets. c. No cash is now held in savings wrth Shawbrook Bank {2022 £20.000}. d. The loan from ACRE (Action with Communib"e$ in Rural England) was recewed on 14 September 2022. The interest rate is 3.95% and is repayable over 8 years. Repayments commenced in January 2023 Page 5