| TyPe of governing document |
TyPe of governing document |
CIO constitution (FOUNDATION type) |
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| How the charity is constituted | ||||||||||
| Trustee selection methods | Officers are elected at the annual general meeting being nominated by local user organisations (plus |
with the other trustees co-optees as allowed in |
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| the governing document). |
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| Additional governance issues |
(Optional information) |
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| You may choose to include additional information, where |
There is a separate fund-raising sub-committee which fund-raising events throughout the year. |
organizes | various | |||||||
| relevant, about: |
All new trustees are given an induction pack |
and are obliged to | sign a | |||||||
| ~ | policies and procedures | statement to the effect that they have read and understood |
their | role | and | |||||
| adopted for the induction | and | responsibilities. | ||||||||
| training oftrustees; |
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| ~ | the charity's organisational |
Every effort is made to ensure that local village organisations | have | |||||||
| structure and any wider |
representation on the committee. The parish |
council nominates | one | |||||||
| network with which the charity |
member ofthe committee. | |||||||||
| works; | ||||||||||
| ~ ~ |
relationship with any related parties; trustees' consideration of |
Fire, health and safety reviews are conducted published on the website. Instructions for hall published on the website and in the hall. |
periodically and results and equipment use are |
are | ||||||
| major risks and the system | ||||||||||
| and procedures to manage |
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| them. | ||||||||||
| a ~ |
~ 0 i ~ |
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| To further or benefit the inhabitants of Kings |
Somborne | and | surrounding | |||||||
| areas, without distinction ofsex, sexual orientation, |
race or | of political, | ||||||||
| Summary ofthe objects of |
the | religious or other opinions by associating together |
the | said inhabitants | and | |||||
| charity set out in its governing | the local authorities, voluntary and other organisations |
in a | common | effort | ||||||
| document | to advance education and to provide facilities |
in the interests of | social | |||||||
| welfare for recreation and leisure time occupation |
with | the objective of | ||||||||
| improving the conditions of life for the residents. |
| ~ ~ |
~ ~ |
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| Summary ofthe main achievements ofthe charity during the year |
As a result of Government Covid19 lockdown restrictions the hall has been closed for the majority ofthis year with the resultant loss ofincome. We have received help from the appropriate Covid 19grants paid by Test Valley Borough Council over the last twelve months. |
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| We have taken advantage ofthe closure and completed two planned |
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| improvements without any disruption to occupiers. The refurbished |
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| gentlemen's toilet and the Audio Visual System are now fully operational. |
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| We have also purchased extra chairs which will enable events to seat the |
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| maximum number of people allowed in the hall. These have been |
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| financed with help from TVBC grants. |
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| Additionally thanks to a grant from the National Lottery we have improved |
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| Wl Fi connection in all the rooms as well as the Community Building |
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| annex. |
| TOTAL FUNDS | ||||
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| Nates | 2020-21 | 2019-20 | ||
| INCOMING RESOURCES | f | f | ||
| Income and endowments | from: | |||
| Grants, donations and legacies |
46,402 | 60 | ||
| Charitable activities |
13,599 | 35,211 | ||
| Other | 1,777 | 1,703 | ||
| Total incoming resources | 61,778 | 36,974 | ||
| Less: Bad debts written-off | 32 | |||
| Net lncomin resources |
61,746 | 36,974 | ||
| RESOURCES EXPENDED | ||||
| Expenditure on: |
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| Charitable activities |
35,208 | 21,071 | ||
| Interest and depreciation | 9,316 | 5,463 | ||
| Total Resources used | 44,524 | 26,535 | ||
| Net movementin funds |
14 | 17,223 | 10,439 | |
| RECONCILIATION OFFUNDS | ||||
| Total Funds brought forward |
72,875 | 62,436 | ||
| Total Funds carried forward | 90,098 | 72,875 |
| TOTAL FUNDS | |||||||
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| Notes | 2020-21 | 2019-20 | |||||
| 6 | g | ||||||
| NON-CURRENT ASSETS | |||||||
| Tangible assets | 51,768 | 29,649 | |||||
| Community building |
operating lease prepaid |
more than one year ahead | 10 | 26,836 | 28,033 | ||
| 78,604 | 57,682 | ||||||
| CURRENT ASSETS | |||||||
| Prepayments, | accrued income and debtors falling due within one year | 4,107 | 6,147 | ||||
| Community building |
operating lease prepaid |
for next year | 10 | 1,197 | 1,197 | ||
| Cash at bank | and in | hand | 15,054 | 19,728 | |||
| 20,358 | 27,072 | ||||||
| CURRENT LIABILITIES | |||||||
| Creditors and | accruals falling due within one | year | 3,783 | 4,177 | |||
| Deferred income falling due within one year | 12 | 33 | |||||
| 3,783 | 4,210 | ||||||
| NET CURRENT ASSETS | 16,575 | 22,862 | |||||
| TOTAL ASSETS LESSCURRENT LIABILITIES | 95,179 | 80,544 | |||||
| Creditors and | accruals falling due more than | one year | 5,081 | 7,669 | |||
| TOTAL NETASSETS | 90,098 | 72,875 | |||||
| FUNDS FOR THE CHARITY | |||||||
| Unrestricted | funds | (from Statement of Financial Activities) | 90,098 | 72,875 | |||
| App dhythey ttee and signed on its behalf |
pfth by: |
ydg gegell p .A..f. ... .../ |
| 1.BASISOF PREPARATION | ||||||||||||
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| 1.1 Basis offinancial statements | ||||||||||||
| These accounts have been prepared under the historical cost convention with |
items recognised | at | cost | |||||||||
| or transaction value unless otherwise stated in the relevant note(s) to these accounts. |
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| The accounts have been prepared in accordance with: the Statement of Recommended |
Practice: | |||||||||||
| Accounting and Reporting by Charities preparing their accounts in accordance |
with the Financial | Reporting | ||||||||||
| Standard applicable in the UK and Republic of Ireland (FRS 102)issued on 16July 2014, and with |
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| the Charities Act 2011, | ||||||||||||
| 1 2 Change ofaccounting policy |
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| The accounts present atrue and fair view and the accounting policies adopted |
are those | outlined | in | note | 2. | |||||||
| 2. ACCOUNTING POLICIES |
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| 2.1 Reconciliation with previous GAAP to funds determined under FRS102 |
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| There were no material adjustments tothe accounts with the adoption ofFRS102. |
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| 2.2 Income | ||||||||||||
| Recognition ofincome | ||||||||||||
| Income is recognised in the financial statements when the charity becomes entitled tothe |
resources, | it | is | |||||||||
| likely the charity will receive the resources and the monetary value can be measured with sufficient |
reliability. | |||||||||||
| There has been no offsetting ofassets and liabilities, or income and expenses, | unless required | or | permitted | |||||||||
| by the FRS102SORP or FRS 102. | ||||||||||||
| Grants and donations are only included in the SoFA when the general income |
recognition | criteria | are | met. | ||||||||
| The charity has received Government Grants in the reporting period. |
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| 2.3 Expenditure and liabilities |
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| Liabilities are recognised where it is more likely than not that there is a legal or constructive |
obligation | committing the charity to pay out |
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| resources and the amount ofthe obligation can be measured with reasonable |
certainty. | |||||||||||
| Support costs have been allocated between governance costs and other support. Governance |
costs | comprise | all costs involving | public | ||||||||
| accountability ofthe charity and its compliance with regulation and good practice. |
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| The charity accounts for basic financial instruments on initial recognition as per paragraph |
10.7 FRS102SORP. | Subsequent | measurement | |||||||||
| is as per paragraphs 11.17to 11.19,FRS102SORP. |
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| 2AAssets | ||||||||||||
| The Charity has a permanent endowment: Land and Buildings used by the Charity |
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| Other Assets (non endowed): Held for functional use by the Charity: Furniture |
and equipment | in | the | Village Hall Tables, chairs, kitchen | ||||||||
| equipment, main hall equipment, etc. |
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| Depreciation has been provided at 15%reducing balance in order to write off |
the assets | over | their estimated | useful lives. | ||||||||
| Debtors (including trade debtors and loans receivable) are measured on initial |
recognition | at | settlement | amount after any | trade | discounts | ||||||
| or amount advanced by the charity. Subsequently, they are measured atthe |
cash or other | consideration | expected to be received. |
| 3. Analysis | ofincome | ofincome | |||||||
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| Notes | 2020-21 | 2019-20 | |||||||
| f | f | ||||||||
| Grants, donations | and | legacies | |||||||
| Grants provided by |
government | 43,755 | |||||||
| Non-government grants |
(National | Lottery) | 2,035 | ||||||
| Donations | 612 | 60 | |||||||
| 46,402 | 60 | ||||||||
| Charitable | activities | ||||||||
| Fundraising | events | 3,206 | 15,563 | ||||||
| Hall hirings | 889 | 17,272 | |||||||
| Community | building | rent | charged | 9,504 | 2,376 | ||||
| 13,599 | 35,211 | ||||||||
| Other income | |||||||||
| Bank interest received | 6 | 41 | |||||||
| Commission | received (Utility Warehouse) |
146 | 135 | ||||||
| Electricity Feed-in Tariff | 1,626 | 1,526 | |||||||
| 1,777 | 1,703 | ||||||||
| TOTAL INCOI8NG | RESOURCES | 61,778 | 36,974 | ||||||
| 4.Analysis | of receipts | ofGovernment | grants | 2020-21 | 2019-20 | ||||
| f | f | ||||||||
| Hampshire | County | Council | 493 | ||||||
| Test Valley | Borough | Council | 43,283 | ||||||
| 43,755 | |||||||||
| 5.Analysis | of Expenditure | 2020-21 | 2019-20 | ||||||
| f | f | ||||||||
| Charitable | activities | ||||||||
| Hall running | costs | 11,166 | 19,946 | ||||||
| Development costs |
22,845 | 1,026 | |||||||
| Community | building | operating | lease | 10 | 1,197 | 100 | |||
| 35,208 | 21,071 | ||||||||
| Interest and depreciation | |||||||||
| Loan Interest | 180 | 231 | |||||||
| Depreciation | 9,136 | 5,232 | |||||||
| 9,316 | 5,463 | ||||||||
| TOTAL RESOURCES USED | 44,524 | 26,535 |
| 2020-21 | 2019-20 | |||
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| At-cost valuation | f | f | ||
| Valuation at start ofyear |
61,266 | 59,810 | ||
| Acquisitions | 31,254 | 1,456 | ||
| Disposals | ||||
| Valuation at year end |
92,520 | 61,266 | ||
| Depreciation | ||||
| Depreciation before this year's charge |
31,617 | 26,385 | ||
| Charge for this year | 9,136 | 5/32 | ||
| Depreciation at year-end |
40,753 | 31,617 | ||
| Net Book Valuation | ||||
| NBV at start ofyear | 29,649 | 33,425 | ||
| NBV at year end | 51,768 | 29,649 | ||
| 7. PREPAYMENTS AND DEBTORS FALLING | DUE WITHIN ONE YEAR | |||
| 2020-21 | 2019-20 | |||
| f | ||||
| Hall hiring | invoiced but not paid | 1,399 | ||
| Other debtors | 61 | |||
| Debtors: Amounts falling due within one year | 1,460 | |||
| Accrued income —hirings not yet invoiced |
213 | |||
| Prepayments | 4,107 | 4,473 | ||
| 4,107 | 6,147 | |||
| 8. CREDITORS AND ACCRUALS: AMOUNTS | FALLING DUE WITHIN ONE YEAR | |||
| 2020-21 | 2019-20 | |||
| f | f | |||
| ACRE Loan | 2,588 | 2,536 | ||
| Accruals: Invoices not yet received, or payments | withheld | 1,195 | 1,072 | |
| Refunds due for bookings cancelled due to COVID-19 | 269 | |||
| Deposits held | 300 | |||
| 3,783 | 4,177 | |||
| 9. CREDITORS: AINOUNTS FALLING DUE MORE THAN ONE YEAR |
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| 2020-21 | 2019-20 | |||
| f | f | |||
| ACRE Loan | 5,081 | 7,669 | ||
| 10. COMMUNITY BUILDING: OPERATING LEASE |
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| 2020-21 | 2019-20 | |||
| f | f | |||
| Operating | lease cost for the current year | 1,197 | 100 | |
| Operating | lease cost prepaid for next year | 1,197 | 1,197 | |
| Operating | lease cost prepaid for more than one | year ahead | 26,836 | 28,033 |
| 10. | CASH AT BANK AND IN HAND | ||||
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| Notes | 2020-21 | 2019-20 | |||
| f | f | ||||
| Cash | at bank | 13 | 15,054 | 19,728 | |
| 11. | DEFERRED INCOME FALLING | DUE WITHIN ONE YEAR | |||
| 2020-21 | 2019-20 | ||||
| f | f | ||||
| Hall | bookings for next year pre-paid | in the current year | 33 |
| 13MOVEMENT | |||||
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| . | IN FUNDS | At start of | Net movement | ||
| year | in funds | At year end | |||
| f | f | f | |||
| Unrestricted Funds |
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| Everyday account | 3,219 | 1,256 | 4,475 | ||
| Fundraising account |
3,643 | (2,937) | 706 | ||
| Savings account | 12,867 | 2,995 | 9,872 | ||
| TOTAL FUNDS | 19,728 | (4,675) | 15,054 | ||
| Net movement in |
funds, included | in the above, are as follows: | |||
| Incoming | Resources | Movement | |||
| resources | expended | in funds | |||
| f | f | f | |||
| Unrestricted funds |
63,523 | (68,197) | (4,674) |