Charity Number 1180156
OSMINGTON VILLAGE HALL
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
Charity Number 1180156
Osmington Village Hall Contents
| Page | |
|---|---|
| Business Details | 1 |
| Income and Expenditure Account | 2 |
| Balance Sheet | 3 |
| Notes to the Accounts | 4 - 6 |
| Detailed Income and Expenditure Account | 7 |
| Independent Examiner’s Report | 8 |
Charity Number 1180156
Osmington Village Hall Business Details For The Year Ended 31 December 2024
Trustees Victor Graham White, Chair Jeffrey John Little OBE Janet Parker James O’Neill resigned 16 June 2024 Jane Lock Kate Clarke Stephen John Vokes resigned 18 July 2024 Theresa Christine Hardy Eileen Jane Bramley Christine Esther Squibb Mike Reed Robert Squibb appointed 9 September 2024 Registered Office The Old School Osmington Weymouth Dorset DT3 6EX Accountants AR Accounting Chartered Accountant & Tax Adviser 16 Fisherbridge Road Preston Weymouth DT3 6BT Charity Number 1180156
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Charity Number 1180156
Osmington Village Hall Income and Expenditure Account For The Year Ended 31 December 2024
| Income Administrative expenses Operating Surplus / (Deficit) Interest receivable Surplus / (Deficit) for the financial year |
2024 £ 14,269 (20,177) (5,909) 128 (5,781) |
2023 £ 14,549 (16,472) |
|---|---|---|
| (1,923) 83 |
||
| (1,840) |
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Charity Number 1180156
Osmington Village Hall Balance Sheet As At 31 December 2024
| Notes FIXED ASSETS Tangible Assets 2 CURRENT ASSETS Debtors 3 Cash at bank and in hand CURRENT LIABILITIES Creditors: amounts falling due within one year 4 NET CURRENT ASSETS NET ASSETS CAPITAL AND RESERVES General Reserve - unrestricted Refurbishment Reserve – restricted 5 Community Fund Dorset County Council West Dorset County Council CHARITY FUNDS |
2024 £ £ 209,187 334 23,083 23,417 (1,900) 21,517 230,704 (41,689) 41,238 186,155 30,000 15,000 230,704 |
2023 £ £ 209,308 846 28,102 28,948 (1,771) 27,177 236,485 (35,908) 41,238 186,155 30,000 15,000 236,485 |
|---|---|---|
| 23,417 (1,900) |
28,948 (1,771) |
The trustees of the Charity acknowledge their responsibilities for the preparation of the accounts and complying with the requirements of the Charites Act with respect to accounting records and the preparation of accounts, and for providing AR Accounting 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.
V White
Victor Graham White Chair
Date approved: 19 August 2025
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Charity Number 1180156
Osmington Village Hall Notes to the Accounts For The Year Ended 31 December 2024
1. Accounting Policy
Basis of preparation
These accounts have been completed in accordance with UK Generally Accepted Accounting Practice guidelines on a basis that enables surplus 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 then 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 basis
Debtors
Short term debtors are measured at transaction 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. 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.
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Charity Number 1180156
Osmington Village Hall
Notes to the Accounts (continued) For The Year Ended 31 December 2024
2. Tangible Assets
| Cost As at 1 January 2024 Additions Disposals As at 31 December 2024 Depreciation As at 1 January 2024 Provided during the period As at 31 December 2024 Net Book Value As at 31 December 2024 As at 31 December 2023 |
New Village Hall – Long Lease Old Village Hall – Freehold Car Park Fixtures, fittings, tools and equipment Total £ £ £ £ 259,851 1 29,261 289,113 - - 4,218 4,218 - - - - 259,851 1 33,479 293,330 57,750 - 22,055 78,805 2,625 - 1,714 4,339 - - 23,768 84,143 199,476 1 9,711 209,187 |
|---|---|
| 202,101 1 7,206 209,308 |
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 year 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 village hall, is now part of the car park of the new village hall.
Fixture, fittings, tools and equipment
Furniture, equipment and fittings were renewed when the hall was commissioned and new items of material value were added. The total cost is being written off over the useful life of these assets on a reducing balance basis of 15% per annum.
3. Debtors
| Unpaid invoices Other debtors |
2024 £ 334 - 334 |
2023 £ 484 362 846 |
|---|---|---|
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Charity Number 1180156
Osmington Village Hall Notes to the Accounts (continued) For The Year Ended 31 December 2024
4. Creditors: amounts falling due within one year
| Future function deposits Other creditors |
2024 £ 1,500 400 1,900 |
2023 £ 1,500 271 1,771 |
|---|---|---|
5. Refurbishment Reserve- Restricted
The value of £41,238 represents the funds raised in the village. This was achieved by setting up a refurbishment fund in September 1998 when fundraising to build the hall commenced.
6. Other information
OSMINGTON VILLAGE HALL is a Charitable Incorporated Organisation (CIO) registered in England. It’s registered office is:
The Old School Osmington Weymouth DT3 6EX
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Charity Number 1180156
Osmington Village Hall Detailed Income and Expenditure Account For The Year Ended 31 December 2024
| Income Hall hire Donations Administrative expenses Premises costs: Cleaning Light and heat Water General administrative expenses: Bank charges Consumables and cleaning supplies Depreciation – Fixtures, fittings, tools and equipment Depreciation – Leasehold property Equipment expensed Event costs Insurance Internet and software Other licences Performing Rights Society Repairs and maintenance Subscriptions Telephone Accountancy fees Operating Surplus / (Deficit) Interest receivable Surplus / (Deficit) for the financial year |
2024 £ 14,199 70 14,269 2,840 2,763 465 68 1,010 1,714 2,625 315 - 1,058 942 369 341 4,023 10 76 400 20,177 (5,909) 128 (5,781) |
2023 £ 14,221 328 14,549 2,330 3,085 417 89 721 1,272 2,625 568 555 1,035 525 172 343 2,615 10 50 60 16,472 (1,923) 83 (1,840) |
|---|---|---|
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Charity Number 1180156
Osmington Village Hall Independent Examiner’s Report For The Year Ended 31 December 2024
| Report to the trustees of On accounts for the year ended Responsibilities and basis of report Independent examiner's statement Signed: Name: Relevant professional qualification(s) or body (if any): Address: |
Osmington Village Hall 31 December 2024 Charity no 1180156 I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31 December 2024. 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. 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. Date: 20 August 2025 |
Osmington Village Hall 31 December 2024 Charity no 1180156 I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31 December 2024. 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. 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. Date: 20 August 2025 |
|---|---|---|
| 20 August 2025 | ||
| Adele Russell | ||
| Member of the Institute of Chartered Accountants in England & Wales | ||
| AR Accounting (Dorset) Ltd | ||
| 16 Fisherbridge Road, Weymouth | ||
| Dorset, DT3 6BT |
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