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)**|
2
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|
|---|---|---|
5
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)**|
|---|---|---|
7
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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