##
||TyPe of governing
document|TyPe of governing
document|CIO constitution
(FOUNDATION
type)||||||||
|---|---|---|---|---|---|---|---|---|---|---|
||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||||||
||||the governing
document).||||||||
|Additional
governance
issues|||(Optional
information)||||||||
|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;||||||||||
|~|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||||||||||
||them.||||||||||
||a
~||~ 0
i
~||||||||
||||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.||||||||
|~
~|~
~||
|---|---|---|
|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.|
|||We have taken advantage
ofthe closure and completed
two planned|
|||improvements
without
any disruption
to occupiers. The refurbished|
|||gentlemen's
toilet and the Audio Visual System are now fully operational.|
|||We have also purchased
extra chairs which
will enable events to seat the|
|||maximum
number of people allowed
in the hall. These have been|
|||financed
with help from TVBC grants.|
|||Additionally
thanks to a grant from the National
Lottery we have improved|
|||Wl Fi connection
in all the rooms as well as the Community
Building|
|||annex.|
##
##
##
##
||||TOTAL FUNDS||
|---|---|---|---|---|
|||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:|||||
|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||
|---|---|---|---|---|---|---|---|
||||||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|||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|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.|||||||||||||
|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|||||||||||||
|the Charities Act 2011,|||||||||||||
|1 2 Change ofaccounting
policy|||||||||||||
|The accounts present
atrue and fair view and the accounting
policies adopted|are those|outlined|||in|note|||2.||||
|2. ACCOUNTING
POLICIES|||||||||||||
|2.1 Reconciliation
with previous
GAAP to funds determined
under FRS102|||||||||||||
|There were no material
adjustments
tothe accounts with the adoption ofFRS102.|||||||||||||
|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.|||||||||||||
|2.3 Expenditure
and liabilities|||||||||||||
|Liabilities are recognised
where it is more likely than not that there is a legal or constructive|||obligation|||||committing
the charity to pay out|||||
|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.|||||||||||||
|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.|||||||||||||
|2AAssets|||||||||||||
|The Charity has a permanent
endowment:
Land and Buildings
used by the Charity|||||||||||||
|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.|||||||||||||
|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||||||||
|---|---|---|---|---|---|---|---|---|---|
||||||||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|
|---|---|---|---|---|
||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|||||
||||2020-21|2019-20|
||||f|f|
|ACRE Loan|||5,081|7,669|
|10. COMMUNITY
BUILDING: OPERATING LEASE|||||
||||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|||||
|---|---|---|---|---|---|
||||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||||||
|---|---|---|---|---|---|
|.|IN FUNDS||At start of|Net movement||
||||year|in funds|At year end|
||||f|f|f|
|Unrestricted
Funds||||||
|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)|
##
##
##
##