Charity number 1180156
OSMINGTON VILLAGE HALL
FINANCIAL STATEMENTS
YEAR ENDED
31 December 2021
OSMINGTON VILLAGE HALL Charity Information
Trustees
VICTOR GRAHAM WHITE Jeffrey John Little OBE Janet Parker James ONeill Jane Lock Kate Clarke STEPHEN JOHN VOKES THERESA CHRISTINE HARDY EILEEN JANE BRAMLEY CHRISTINE ESTHER SQUIBB
Accountants
Haden Chartered Accountants Rookery Nook, Chapel Lane Osmington Weymouth Dorset DT3 6ET
Registered office
The Old School Osmington Weymouth DT3 6EX DT3 6EX
Charity number 1180156
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OSMINGTON VILLAGE HALL Income and Expenditure Account for the year ended 31 December 2021
| Income Administrative expenses Operating surplus/(deficit) Interest receivable Surplus/(deficit) for the financial year |
2021 £ 15,011 (11,681) 3,330 1 3,331 |
2020 £ 5,071 (15,147) (10,076) 76 (10,000) |
|---|---|---|
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OSMINGTON VILLAGE HALL Charity number: 1180156 Balance Sheet as at 31 December 2021
| Notes Fixed assets Tangible assets 3 Current assets Debtors 4 Cash at bank and in hand Creditors: amounts falling due within one year 5 Net current assets Net assets Capital and reserves General Reserve - Unrestricted Refurbishment Reserve - Restricted 6 Grants Received - Restricted: 7 Community Fund Dorset County Council West Dorset County Council Charity funds |
2021 £ 208,472 375 22,948 23,323 (1,585) 21,738 230,210 (42,183) 41,238 - - 186,155 30,000 15,000 230,210 |
- 15,584 15,584 - |
2020 £ 211,295 15,584 226,879 (45,514) 41,238 - - 186,155 30,000 15,000 226,879 |
|---|---|---|---|
The trustees of the Charity acknowledge their responsibilities for the preparation of the accounts and complying with the requirements of the Charities Act with respect to accounting records and the preparation of accounts, and for providing Haden Chartered Accountants with all information and explanations necessary for their compilation.
The trustees are satisfied that the charity is entitled to exemption from the requirement to obtain an audit under section 144 of the Charities Act, and that an independent examination is required.
The trustees approve the accounts which comprise of the Income and Expenditure Account, the Balance Sheet and the related notes.
VICTOR GRAHAM WHITE Trustee
The accounts were approved by the board of trustees on 12 September 2022 and signed on its behalf.
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OSMINGTON VILLAGE HALL Notes to the Accounts for the year ended 31 December 2021
1 Accounting policies
Basis of preparation
The accounts have been compiled in accordance with UK Generally Accepted Accounting Practice on a basis that enables profits to be calculated and to provide a clear picture of the charity’s activities and financial position.
Income
Income is measured at the fair value of the consideration received or receivable, net of discounts. Hall hire revenue is recognised on receipt of payment. Refundable deposits are recorded as a liability until they are either refunded or forfeited. Any deposits retained by the charity under the terms of hall hire are recognised as hall hire revenue.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset over its expected useful life, as follows:
New Village Hall - Long Lease over 99 years Old Village Hall Site - Freehold Car Park not depreciated Fixtures, fittings, tools and equipment 15% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
| 2 Employees Average number of persons employed by the charity |
2021 Number 0 |
2020 Number 0 |
|---|---|---|
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OSMINGTON VILLAGE HALL Notes to the Accounts for the year ended 31 December 2021
3 Tangible fixed assets
| Cost At 1 January 2021 At 31 December 2021 Depreciation At 1 January 2021 Charge for the year At 31 December 2021 Net book value At 31 December 2021 At 31 December 2020 |
New Village Hall - Long Lease £ 259,851 259,851 49,875 2,625 52,500 207,351 209,976 |
Old Village Hall Site - Freehold Car Park £ 1 1 - - - 1 1 |
Fixtures, fittings, tools and equipment £ 20,637 20,637 19,319 198 19,517 1,120 1,318 |
£ 280,489 280,489 69,194 2,823 72,017 208,472 211,295 |
|---|---|---|---|---|
New Village Hall - Long Lease
The new hall itself is owned by the Charity but the land it standS on is held on a 99 renewable lease from Osmington Parish Council. The cost of the new hall is depreciated on a straight line basis over its life of 99 years.
Old Village Hall Site - Freehold Car Park
The freehold land, formerly the site of the old village hall, is now part of the car park of the new village hall.
Fixtures, fittings, tools and equipment
Furniture, equipment and fittings were renewed when the hall was commissioned, and new items of a material value were added. The total cost is being written off over the useful life of these assets on a reducing balance basis at 15% per annum.
| 4 Debtors Unpaid invoices 5 Creditors: amounts falling due within one year Future function deposits Other creditors |
2021 £ 375 2021 £ 1,150 435 1,585 |
2020 £ - 2020 £ - - - |
|---|---|---|
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OSMINGTON VILLAGE HALL Notes to the Accounts for the year ended 31 December 2021
6 Refurbishment Reserve - Restricted
The value of £41,238 represents funds raised in the village. This was achieved by setting up a refurbishment fund in September 1998 when fundraising to build the hall commenced.
7 Grants Received - Restricted:
Grants received of £231,155 together with the funds raised in the village (see note 6 above) funded the cost of the building and equipping the new hall. The final costs are shown in note 3.
If the hall ceases to be used for community purposes before 31st December 2081 Community Fund have the right to recall part of their grant on a pro rata basis for the unexpired period of the 60 years to 2081. The value of annual reduction in amount repayable is not recorded in the accounts.
8 Other information
OSMINGTON VILLAGE HALL is a Charitable Incorporated Organisation (CIO) registered in England. Its registered office is: The Old School Osmington Weymouth DT3 6EX
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OSMINGTON VILLAGE HALL Detailed Income and Expenditure Account for the year ended 31 December 2021
| Income Hall hire Grants received Donations Administrative expenses Premises costs: Cleaning Light and heat Water General administrative expenses: Advertising - Website Consumables and cleaning supplies Depreciation - Fixtures, fittings, tools & equipment Depreciation - Leasehold property Equipment expensed Event costs Insurance Internet and software Performing Rights Society Repairs and maintenance Stationery and printing Sundry expenses WDDC licence Legal and professional costs: Accountancy fees |
2021 £ 6,941 8,000 70 15,011 1,344 1,903 307 3,554 268 303 198 2,625 39 1,442 929 454 111 1,524 64 - 110 8,067 60 60 11,681 |
2020 £ 5,071 - - 5,071 1,175 1,643 317 3,135 336 - 232 2,625 - - 909 462 145 6,643 - 453 207 12,012 - - 15,147 |
|---|---|---|
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Independent Examiner's report to the trustees of OSMINGTON VILLAGE HALL
I report to the trustees on my examination of the accounts of OSMINGTON VILLAGE HALL (''the Trust'') for the year ended 31 December 2021, which comprise the Profit and Loss Account, the Balance Sheet and the related notes.
Responsibilities and basis of report
As the charity trustees of the Trust, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).
I report in respect of my examination of the Trust’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 Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect:
-
accounting records were not kept in accordance with section 130 of the Act, or
-
the accounts do not accord with the accounting records
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Dorota Haden
Haden Chartered Accountants Rookery Nook, Chapel Lane Osmington Weymouth Dorset DT3 6ET
9 September 2022
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