## Minchinhampton Market House CIO Report and Financial Statements For the Period Ended 31 December 2024 Charity Number 1180035 ## **Minchinhampton Market House** ## **Reference and Administrative Information** Charity name: Minchinhampton Market House CIO Charity registration number: 1180035 Address The Market House Market Square Minchinhampton, Gloucestershire GL6 9BW **Trustees** Elected Trustees Mr J Hodges Chairman Mr C Cheetham Treasurer Ms A M Vella Secretary Co-opted Trustees Mr M Beaufort Mr A Hampson Nominated Trustees Ms L Grist Minchinhampton Market Mr A Vaughan Minchinhampton Players Mr J Waddington Minchinhampton Parish Council Mr G Atkinson Minchinhampton Local History Group Ms S Parker MinchLife Bankers: CAF Bank Limited 25 Kings Hill Avenue Kings Hill, West Malling, Kent ME19 4JQ ## **Structure, Governance and Management.** The organisation is a registered Charitable Incorporated Organization under a constitution last updated on 20 September 2018. The constitution provides for 4 trustees to be elected at each AGM, 4 trustees to be nominated by named organisations and up to 6 trustees to be co-opted by the Trustees. It was created to take over the management of the Market House from the charity known as the ‘Minchinhampton Market House Management Committee’ (Charity Number 207308). The change took effect on 1 July 2019. The ownership of the Market House was transferred from Minchinhampton Parish Council (as Custodian Trustee) to the CIO on the same date. This was in line with recommendations from the Charity Commission, and to comply with requirements to obtain grant funding from such bodies as DEFRA and the Heritage Lottery Fund. ## **Objects and Activities.** The objects of the CIO are to establish and run a village hall known as the Minchinhampton Market House and to promote for the benefit of the inhabitants of the Parish of Minchinhampton (“the area of benefit”) without distinction of sex, sexual orientation, age, disability, nationality, race or political, religious or other opinions the provision of facilities for recreation or other leisure time occupation of individuals who have need of such facilities by reason of their youth, age, infirmity or disablement, financial hardship or social and economic circumstances or for the public at large in the interests of social welfare and with the object of improving the conditions of life of the said inhabitants. ## **Achievements and Performance** ## _Summary_ During 2024 the Market House has seen private hirings, markets, concerts, plays, dance classes, film nights and Tai Chi. All have contributed to adding opportunity, entertainment and business to the community. ## _Market House Entertainment Events_ During 2024 the Market House has supported private hirings, markets, concerts, plays, dance classes, film nights, business, local history events, Christmas carols, and Tai Chi. All of the activities have contributed to adding opportunity, entertainment and prosperity to the local community. In the last year we have increased the number of events held by the Market House: ● Concerts: 4 - Plays & Readings: 5 - Puppet Shows: 1 - Discos: 2 ● We were delighted to continue hosting the Minchinhampton Players and thank them for their support to the Market House. As normal, they played to packed houses and continue with a great programme for 2025. ● We were also delighted to support the Minchinhampton Folk Club in the summer for the weekend festival. Our collective thanks go to all those who have supported the Market House by attending the 2024 events. Our 2025 programme has got off to a good start, although we are likely to reduce the number of shows through the remainder of this year due to Trustees and volunteer available time. ## _General Maintenance and Improvements_ We have been unable to repair the coving damage caused by the very hot weather in August 2022. This has been due to finishing the Undercroft restoration in 2023 and to the reduction of volunteers’ time to arrange quotes and seek funding in 2024. We have monitored the damaged from a safety perspective and have had contractors in to make things safe for pedestrians and cars below. As reported last year the intention was to carry out repairs this year, 2025 and this work started in August 2025. The main hall is in near constant use, and it is now looking a bit tired. Initial work on redecoration during 2023 was paused. Again, due to focus on finishing the Undercroft restoration and trustee availability. However a working group, after looking at colour schemes etc for redecoration and new curtains has agreed on the details and the work will be completed by the close of September 2025. ## _Fund Raising_ We have not carried out any specific fund raising during 2024. However, we are about to seek grant funding to part cover the coving repair. We would welcome anyone from the community who has the time and desire to help We would like to formally thank MinchLife for their kind donations. Also our thanks must go to the many individuals who have made personal donations. We also thank the Minchinhampton Parish Council for their continuing outstanding support of the Market House during the 2024 financial year. The Trustees understand the pressures and priorities the Council faces and we are hugely appreciative of the grants given to the Market House. ## _Minchinhampton Market House Management Committee_ Since the last year end Phil Hale and Annis May Timpson retired as Trustees thanks go to them both for their contribution to the Market House over their years of service, further, special thanks to Joe May who stood down after having been our Bookings Member for many years, we are grateful to Martyn Beaufort for volunteering to follow on from him At last year’s AGM we took an action to invite both the resurgent Local History Group and MinchLife to join committee with Appointed Trustees. We are delighted that Gary Atkinson (History) and Sue Parker (MinchLife) have joined the committee. 2004 saw stability with the elected Trustees, only one change was agreed at the 2025 AGM: Annis May Timpson stood down as Secretary and Anne Vella was elected, Justin Hodges & Chris Cheetham as the other Elected Trustees, were re-elected. The 2 Co-opted trustees and the 5 Appointed trustees were all confirmed in post. It is the energy, enthusiasm, and hard work of the committee members that allows the Market House to function through being available at the centre of the community. 2024 has seen a great team effort. The Market House’s profile continues to grow with ever more people visiting us for all the events and activities it provides right in the heart of our town. Our thanks to all the trustees and volunteers for their support, hard work and dedication over the last year. ## **Financial Review** The Profit & Loss and Balance Sheet cover the period 1 January 2024 to 31 December 2024. Total income was £32,787 (2023 - £23,085). Total surplus was £17,066 (2023 - loss of £57,736). ## _General Fund_ Profit for the year amounted to £17,066 (2023 £1,464) with no transfer required from from General to Appeal reserves (2023 £25,937). ## Income Income from Fund Raising Events being productions covering drama and music was stable at £9,672 (2023 - £10,693) Letting income is broadly stable reflecting the extent to which the Market House is extremely well used £12,420 (2023 - £11,726). The Dazzle Workshops are a key user and go from strength to strength in town whilst the Minchinhampton Players staged two productions and continue to be another key user. ## Expenditure Depreciation was £976. Event Costs were £4,539 giving a net profit of £5,133. Repairs and Maintenance of £518 cost was routine maintenance of heating, electrical and fire systems. Repairs to the coving and a significant internal redecoration will take place in 2025. There were no capital purchases this year (2023 – £nil). iaTIJ-£13212) £11,0101202$E13,3721. T(4Wmww5c&**Jtr&**txr•tSl$12Qtl.£*191 2YYd 8#ptsm￿r202S 2YYd S#ptèm￿r20￿s CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examiner's Report Report to the trustees Minchinhampton Market House CIO On accounts for tha year ended Charity no (rf any) 31 December 2024 1180035 Set out on pages I report to the trustèes on my examination of the accounts of the above charity {"the Trust") for the year ended 31 December 2024. Responsiblllties and basis of report As the charit￿5 trustees, you are responsible for the preparation of the accounts in accordance with the requir8ments of the Charities Act 2011 (￿he Acf'l. I report in respect of my examination of the Trust's accounts carried out under section 145 ofthe 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5llb) of the Act. Independent I have completed my examination. I confirm that no material matters have examiner's statement come to my attention in connection with the examination which gives me caus8 to believe that in, any material respect: the aGGounts'ng records were not kept in accordance with section 130 of the Charities Act., or the accounts did not accord with the accounting records., or the accounts did not comply with the applicable requirements conceming the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the a¢counts give a 'true and fair, view which is nol a matter consid8red as Part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attenlion should be drawn in this report in order to enable a proper understanding ofthe accounts to be reached. ' Ple8se delete the words in lh8 brackets if they do not apply. Slgned: Date: 24 September 2025 Name: Matthew Burrows Relevant professional qualification(s) or body lif any): ICAEW Address: 17 St Michaels Close. Charlton Kings Cheltenham GL53 9DW IER Oct 2018 Section B Disclosure Only complete if the examiner needs to highlight material matters of concem (see CC32, Independent examination of charity accounts: directions and guidance for examiners). Give here brlef detalls of any items that the examiner wishes to dlsclosa. NIA IER Oct 2018 ## **Minchinhampton Market House CIO Statement of Financial Activities General Fund** |**Ordinary Income/Expense**
note
**Income**
Bank Interest Earned
Fund Raising Events
Grants and Donations Income
Restricted
5a
Unrestricted
5b
Total Gifts and Donations Income
Hire Charges
Miscellaneous Income
Total Income
**Expense**
Advertising & Marketing
Bank Charges
Bank and Loan Interest
Cleaning
Depreciation Expense
Deferred income
Event Costs
Insurance Expense
Miscellaneous Expense
Office Expense
Performing Rights
Professional Fees
Repairs and Maintenance
5c
Utilities
Electricity
Gas
Telephone & Broadband
Total Utilities
Total Expense
Net Ordinary Income
**Other Income/Expense**
Net Other Income
Profit for the Year
Transfer of reserves to Appeal
Movement in reserves|January - December
**2024**
**2023**
35.95
57.31
9,672.16
10,693.28
364.04
10,371.00
20,079.11
11,114.63
12,420.00
11,725.86
29.00
**32,528.11**
**22,840.49**
315.00
678.26
120.00
120.75
0.00
2,178.69
1,930.65
976.00
3,492.00
-1,400.00
4,298.77
5,922.52
2,322.19
2,179.17
907.29
581.92
190.08
450.60
240.25
162.58
518.15
7,247.70
1,241.54
1,529.01
1,341.99
1,065.47
508.50
344.40
3,092.03
2,938.88
**15,158.45**
**24,305.03**
**17,369.66**
**-1,464.54**
17,369.66
-1,464.54
-25,926.78
**17,369.66**
**-27,391.32**| |---|---| Page 1 ## **Minchinhampton Market House CIO Statement of Financial Activities Appeal Fund** |**Ordinary Income/Expense**
note
**Income**
Bank Interest Earned
Gifts and Donations Income
6a
Total Income
**Expenses**
Bank charges
Bank/Loan Interest Paid
Repairs and Maintenance
Total Expense
Net Ordinary Income
Profit for the Year
Transfer of Reserves from General
Movement in Reserves|January - December
**2024**
**2023**
26.79
39.20
232.55
205.00
**259.34**
**244.20**
60.00
55.00
503.35
568.59
55,891.74
**563.35**
**56,515.33**
**-304.01**
**-56,271.13**
-304.01
-56,271.13
25,926.78
**-304.01**
**-30,344.35**| |---|---| Page 2 Mlnrhlnh&mpknn M¥rk*tH•wCK) 31*¢.Z4 JI-D•￿1) *4￿•1 fot41 Genernl Tar**4•Fjx•dAuA¥ 2.19l.48 2.256 3g.01680 32.14S.28 11gZA8 23iL19 2.2JSm L079. LQ79.ri) .19• 40.211 69 9J¢S.6Q 11191.55 23.?37.IS IL194m 44.610 17 12y6.79 14,19135 27.138J4 At(ountsA¢t•￿ Cè5h a¢ iffld In h T01￿CU￿ntAl￿IA CuThefitLlibiiitssldw*4ltrdn one¥*¥l 2.Y4.24 1,544. I￿0.60 ACAE Loin I,?6￿51 1.692.65 1.692.65 om 1544.24 1.760.51 4.J04.75 IDA34.31 40.335.11 9.919.43 9,919.43 S￿$$ 5W.99 51321119 1.160.60 11.786.19 1.692.65 12.4x90 Z4.285.(V) 11,679 94 11.679 94 S￿96 511031.15 NEfiiiRRENf￿E7s TOTALASSET5LES5LL4tsiunE5 Car*aland vThr4striued rE5Efft5 ao.351. 514% 13212.39 H031.35 5ao.351. 5W95 S￿.99 51321L39 &96 5 13rdSep￿￿￿Èr202S 22 S￿p￿￿b>r2￿S ## **Notes forming part of the Financial Statements for the period ended 31 December 2024** 1. Basis of preparation These accounts have been prepared on the basis of historic cost in accordance with Accounting and Reporting by Charities – Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard for Smaller Entities. (Charities SORP (FRS 102)), Accounting Standards and with the Charities Act. ## 2. Accounting Policies ## INCOMING RESOURCES Recognition of incoming resources These are included in the Statement of Financial Activities (SoFA) when: - the charity becomes entitled to the resources; - the trustees are virtually certain that they will receive the resources; and - the monetary value can be measured with sufficient reliability. Unrestricted grants and donations Unrestricted grants and donations are only included the SoFA when the charity has unconditional entitlement to the resources. Restricted grants and donations Restricted grants and donations are matched with the expenditure to which they relate. Donated services and facilities These are only included in incoming resources if material. Volunteer help The value of any voluntary help is not included in the accounts but is described in the trustees’ annual report. 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. ASSETS Market House Building The building was gifted by Col H G Ricardo in 1920 to be held by Trustees for the benefit of the residents of Minchinhampton. Having been held by Minchinhampton Parish Council as Custodian Trustees, it was transferred to the CIO on 2 July 2019 and is included at valuation Other Tangible fixed assets These are capitalised if they can be used for more than one year and cost at least £250. Items costing less than £250 are expensed and shown in the SoFA as ’Capital Purchases’ 3. Employees The charity has no employees ## 4. Trustee Expenses No trustees received any remuneration during the period. Three trustees were reimbursed for supplies and equipment purchased on behalf of the charity amounting to £118. 5. General Fund Income and Expenditure - a. Restricted Grants and Donations relate to grants as explained above. - b. In 2024 Unrestricted Grants and Donations comprised two grants each of £5,000 from Minchinhampton Parish Council. - c. Repairs and Maintenance were minimal this year, the £518 cost being routine maintenance of heating, electrical and fire systems. Repairs to the coving and a significant internal redecoration will take place in 2025 - d. There were no Capital Purchases in 2024 Page 4 ## 6. Appeal Fund Income and Expenditure No material income or expenditure were received or spent in relation to the undercroft renovation ## 7. Fixed Assets - a. Movement in the year **----- Start of picture text -----**
Freehold land Building
and Buildings Improvements Equipment Total
Cost
Beginning of Year 500,000.00 29,550.00 7,750.00 537,300.00
Additions 0.00
Disposals 0.00
End of Year 500,000.00 29,550.00 7,750.00 537,300.00
Depreciation
Beginning of year 0.00 29,074.00 6,800.00 35,874.00
Charged in year 476.00 500.00 976.00
Disposals 0.00
End of Year 0.00 29,550.00 7,300.00 36,850.00
Net Book Value 500,000.00 0.00 450.00 500,450.00
**----- End of picture text -----**
- b. The purchases and depreciation 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 grants from various bodies. The grants have been treated as deferred income which is credited to the profit and loss account by instalments over the useful life of the related assets on a basis consistent with the depreciation policy. This is in accordance with SSAP4. ‘Accounting for government grants’ ## 8. Other Balance Sheet - a. Prepaid Expenses of £2,192 is for insurance premiums for 2025. - b. Accounts Receivable, Accounts Payable and Deferred Revenue. Accounts Receivable of £2,236 is for hire charges. Accounts Payable pf £2,544 is principally the insurance premium of £2,192 and £250 for energy. Deferred revenue £nil (2023 £nil). - c. The loan from ACRE (Action with Communities in Rural England) was received on 14 September 2022. The interest rate is 3.95% and is repayable over 8 years. Repayments commenced in January 2023 Page 5.