GREAT MASSINGHAM VILLAGE HALLAND INSTITUTE CHARITABLE INCORPORATED ORGANISATION TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2024 The trustees prgsent their annual report and financial statements for the year 31 March 2024. The financHI statements have been prepared in aecordanee with lh8 accounting poIleS s81 out in notg 1 to thè financlal statements and comply with the charivs goveming docum8nt. the Companies Act 2006 and "Accounting and Reporting by Chaiities.. StAtament of ROCMmended pract applicable to charities preparing their accounts in accordance wth the Financial Rèporting Standard applicablè in the UK and Republic of Ireland {FRS 102) {affective 1 January 20191.. Oble¢tlves and actlvlile$ Thè objectiv8s of the Gharity remain to prowde and matntain Village Hall and 88r. a bovAing green, tennis courts and the Jubi18è Field for the of the people ol the parish of Groat Massingham and thos8 who visit our villagè. The Trustaes have paid due Tegard to the guidance issued by the Charity Commission in matters of govemance and Sgek advictr from Community Action Norfolk. The tnjstees have paid due regard lo guidance issued by the Charity Commission in deciding what activities the charity should undert2ke. Achievemenls and performance Tb,e Village Hall is thè community hub of the Village and provides a venue and meeting place for the Villagè and neighborJfjY.J l'i'la- ILbi and aOClUt e< as v,'ell as thosè organising privat& funcb.ons rely ori the Village Hall as -> e-".inai- to six h.undred people from Massingham and the surrounding villages use n. A5 such, the Trustees see iheir prinupal r8sponsibilibos a to improve, maintsin and J-ewc:.ts the ', .a',125 the key meeting plaGtt for the villa9e and by doin9 so. we wll maintain th9 inc0rn8 from the use li ie H311. bljhilst the Hall is a charity il is principally a vehicle for many other char"eS to raise fvnds and over thè WarS. many tens of tnousands of pounds have been raised for gwd causes. The Trnjstees are also overseeing the -T.munity Interest Company ICICI and apFoint and monttof the Directors that adminisler the Social Club. The Jacial Club generales funds that go towards rnainiaining the Hall and Social Club as a whole. The Trustees key objeth.ves for 2023124 have been a5 fdiow5'. - i o gel the Ha11 back on a fimi finanual footing followng the finanaal falkl of the Covid-19 pandemic by revisibng cur aslablished fixed expenditures an¢J renegotiatlng Prices or seekhng out new suppliers and partners. 10 improve our overall finanal planning so that provision Is made for more exceptional gxpeftditure. 10 enhance our Mairrtenance Planning to ensure the Hall is kept in repair whilst avcxding peaks and troughs of spendirig. 10 ensure that our costs are kepl as low as possible when purthasing 85sential gcmyls a5 5erwcès for the Hall and aocial Club. Tr.e Trustees have been successful in meetin9 all these obiecbves against a bad(ground of significant increases in i'.> across the board. Twstees 11 seek to have reinitiated a website which will be operating wrthiri the next few months to infom about Ihe facilities offtsred by the Hall. aspeci•lly for weddings and lrfetime celebrations. Equally. the website preading the word of'what's on at thè Hall.. Ihe Parish CounGil we have been able to de&gnate our overfow car park as the Village Caf Park to a:=rnalive to those lSng patng on the greens. At this lime, we had hoped to be announcing that the ectric Vehide Chargers up and running to provide a S¥1¢8 for thg Village and an income for the Hall -11 Norfolk, Schem8. However. whilst the and chargers af& in place the chargers chosen by -£ i= oroved unable to connect to the 'back office. meaning paents cannot be collected. Hopefully, -rne will repl the chargers in the next few weeks and we can finally gat EV charging at the Hall
GREAT MASSINGHAM VILLAGE HALLAND INSTITUTE CHARITABLE INCORPORATED ORGANISATION TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 We are happy to have been able to help facilrtate the refurbishment of thè tennis courtg wth the Tennis Club. This 8dds further to flood Iht installation in 2021. Tha Hall has prowded a base for Ihe Surgery to prowde heath checks to over fifties in the village. e are delighted that regular bingo has come back to the Hall to t¢ enjoyed by many and thanks 90 to Dian8 Curson and Mel Whitmore for being instrumental in maknng this happen. The main priorities for the nexi tsvefve months are:. To celebrats the H811's Centonary Year. Explor8 the feasibilty of mowng the Pr&Sehool ¢MtD The Jubilee Fidd. Vve will seek to maximlse the revènue the H811 delivers by promoting rtfor events. partkes and life celebrations. The Trusteès will find ways to supwt the CIC to improve the environmw)t in Ihe Sal CILEb. There are initial plans lo se¢ rf a hAuHi-Use Games Area can be s8(xred and maintsined on the Jubilee Field. The Trustees would like to provide two outdoor table-t8nnis tables. To ensure the Electric Vèhide Car Chargers are utkand-running as soon as possible. -am-latu pl¢Sè .wo of the Hall Refijrbishmenl to bdy-up the N¢Jrth wall and rehouse "aL•llnC So.'iare to 5trearnline our financial manayemenL reduce tyjr costs and bring us ',ine'.51"fi acaurIt8ts. Systems. Financial review ., nnances of the Hall remain on an even Xeel Yrith improvement sirhce th8 locdowns anded and people •avp started, once again, to organise evonts in the Hall. Taking5 for the Hall are up 11.5 per cent over the pviouS "ar. The Trustees are planning to see the Hall used for more'Lite events, in the (x)ming year. rie trustees h8V8 assessed th8 maior risks to which the charity is ex)sed, and afe sausfied that systems ar8 In 1aca to mitigate exposure to the major rtsks. Structure, g0v8rnan and managem¢nt ', r,ts tnJ5tees, who are also the ¢JirectOfS for the PrpoSe of company law. and who serv&Y during the year and up to .a date of signature of the financial statemants were.. .1-, < Pratt {Resigned 1 April 20231 1.1,. J Iljard (Resigned 12 March 2024) D Curson (Resigned 1 April 2023} I T Andrgw Ivoodbridge (Resigned 1 Aprfl 20231 (ApFointed 1 June 2023) {Appointed 1 June 2023} {Apw'nted 12 March 2024)
GREAT MASSINGHAM VILLAGE HALLAND INSTITUTE CHARITABLE INCORPORATED ORGANISATION TRUSTEES REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Appolntment of new TrwJtses The CIO has a fomial Tfuslee Recruitment pdi¢y and PTocess. New Trustees posibons can be advertlsed by Ihe CIO or nominations from the rnanagement team and the e$ting Trustees Can be foNRrd. Those nominated and appointed are èlected at th8 first AGM followng aptx)intrnenL The trustees report was approved by the Bo8rd ofTwstees. D Morrell Trust Mrs H M¢)rrell Tru$t•e Date..
GREAT MASSINGHAM VILLAGE HALL AND INSTITUTE CHARITABLE INCORPORATED ORGANISATION CHARTERED ACCOUNTANTS, REPORT TO THE TRUSTEES ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF GREAT MASSINGHAM VILLAGE HALLAND INSTITUTE FOR THE YEAR ENDED 31 MARCH 2024 In order to assist you to fulfil your duties under the Companies Act 21)06, we have pr8pared for your approval the financial stateménts of Great Massingharn Vlllage Hall and InstitLrte for the year endèd 31 hAarth 2024, which comprise the slalement of financial acb"vities and the related notes from the Charis accounting records and from infomiation and explanation5 you have given us. As a practising mèmber firm of the Instilute of Chartered Accountants in England and Wales, we are subjed to gthical and other professional requirgments whith are delailed at https:IIMYw.icaew.comlregulation. This report is made lo the charity's trustees. as a body, in accoan the ierms of our engagemenl letter dated 15 June 2023. Our Work has been undertaken solely to prepaTg for your approval the financi81 statements of Great Massingham Village Hall and Institute and state those mattérs that we have agreed lo stsle to the charity's tnjslees, as a body, in this port in accordan wttt) ICAEW Technical Release 07116 AAF. To the hjllest extent permitted by law. we do not accept or assum8 reswnsibilty to Anyone other than Great Massingham Ifillage Hall and Institute and the charivs trustees as a body. for our work or this report 11 is your duty to ensure that Great Massingham Villa9e Hall and Institute has kept adequate accounting records and lo prepar& statutory financial statements that give a true and fair wew of the assets. Siabilities. financial position and surplus of Great mas9h&m W511age Hall arHI Insb"tute. You consider that Great Massingham Village Hall and Institute Is exernpl from the statutory audit requirement for the year, and is not required to obtain an independgnt examinels report. Ile have not been instnjcted to carry out an audit or a review of the financsal statements of Great Massingham Village Hall and Institute. For this reason. we have not verified the accuracy or completeness of the accounting racords or infomiation and explanations you have given lo us and we do noL therefore. express any opinion on the sAtutory financial ststements. Mapu5Smlth & Lèmmon LLP Chartered Accountants 48 KiThJ Street King's Lynn Norfolk PE30 1HE England
GREAT MASSINGHAM VILLAGE HALL AND INSTITUTE CHARITABLE INCORPORATED ORGANISATION STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Unrestrlcted Restricted funds funds 2024 Total Unreslrictèd Restrct8d funds fund5 2023 2023 Tot81 2024 2024 2023 Notss Incom8 from-. Donations and leg8CleS Charitable a¢tivities 5.667 14.353 5.667 14.353 2.849 13,058 3.1)00 5,849 13,058 20.020 20.020 1S.907 3.000 18,907 Totsl income Ex enditure on- Charitabl8 activitie5 16.123 16,123 12,991 12,991 Assets transfered from charity ét Income for the yearl 20.754 5,770 26,524 Net movement In funds 3.897 3.897 23.670 8,770 32.440 rvnd balance5 at 1 April 2023 76.202 99,872 8.770 108.642 76.202 Fund balances at 31 March 2024 103.769 8.770 112,539 99,872 8,770 108,642 -3 statement of finanaal adivities also o)mplies with the requirements for an irtcome and expendf(ure account -Dder the Companies Act 2006.
GREAT MASSINGHAM VILLAGE HALL AND INSTITUTE CHARITABLE INCORPORATED ORGANISATION BALANCE SHEET AS AT 31 hlARCH 2024 2024 2023 Notes Fixed assets Tangible assets 10 79.845 81.014 Current asset$ Debtors Investmd•ts Cash ai bank and in hand 1.474 6.525 26.145 1,942 11.525 16.331 11 12 34,144 29.798 Creditors: arnounts falllng due wlthln one year 13 {2.1701 (1.450) 32.694 27.628 Net current assels Total assets less CUTnt Ilabiliti•s 112.539 108,642 Net assets excluding pension liability 112.539 108.642 The funds ofthe ¢harity l-strycled income ftjnds -,restricted funds 14 8.TlO 103.769 8,770 99,872 112.539 108.642 -> company is entiued to the exwmption from th8 aLsdit requirement ¢(taIned in section 477 of the Companies Act :¢. lor Ihe year endod 31 March 2024. irectors acknowledge their r&sponsibiltises for comptying lh the requirements of Ihe Companies Act 2006 ".espect lo accounting records and the preparab.on of finanaal statements. - Ttsmb8rs have not require(I the company to obtsin an audit of rts thancial statements for thè year in quesbon in nce with section 476_ F'.nancial stat8ments hav8 been prepared in accordance wtih Ihe provisioris appli¢able to companies subSect
W.all companies regime. -a521 stat•m8nts werè approvpAI by the trustees on .. . Mr3 H Morrell Trusta• a&on number 1182009 (England and Wales)
GREAT MASSINGHAM VILLAGE HALL AND INSTITUTE CHARITABLE INCORPORATED ORGANISATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies Charity Information Great MasRingnay Village Hall And Institute is a charity registered with the Charity Commission in England. The operaDoiial address is The Village Hall. Stabon Road, Great mngham. NorfolK PE32 ZHU. 1.1 A¢¢ounting ¢onventlon al statements have been prepared in accordan with the chariiys Igovemlng documentl, the CJrri-dfieS Atri 2006. FRS 102 The Financial Reporting Staftdard applicable in the UK and Republic of "c I-FRS 102.1 and the Charities SORP 'Accounting and ReForb"ng by Char5ties.' Stalernent of ded Practice applir2ble to chariti.es preparing their accounts in aOranCe with the Financial -,ng Slandard applieable in the UK and Republic of Irdand IFRS 1021" (effective 1 January 20191. The is a Public Benefit Entity as defined by FRS 102. I he charity has tsken advantsge of the prowsK)ns in the SORP for chartti&s r¥)t to prepare a Statgment of Cash Flows. na financial statements are prepared in steding, which is the fvnction81 ctjrrency of the charity. Monetary ¢.. iaunts in these financial statements are rounded to the nearest £ 1_2 Going ¢onc8rn .. Iho time of approving the financial statements. Ihe trustees hav8 a reasonable expectation that the tharity has adequate resourcès to continue in operational existence for the forese&able future. Thus the trustees ontinue to adopt the going concem basis of accounling in preparing the )Inancaal statements. 1.3 Charitable funds U1nrestriued funds are available ft)r use at the discrttion of the trustees In fvTtherance of their charitable gDjectives. estric16d fund5 are subjecl to speofic condiions by donors or grantors as to how they may be used. The ?drposes and uses of the restricted funds are set out in the notes to the financial ststements. ,dowment funds are subject to $perifiG condibons by donors that the ¢>pitsl musl be maintained by the 1.4 Incorne me is recognised when the tharity ts legalty entÈtled to it after any perf0mnCe conditions have been meL amounts can be measured rdiably. and il is probable that income will be received. • donations are recognised on reolpt. Other donations are recogniseij ore the charity has been nofied donation. unless perforrnance conditnS require deferral of Ihe amount. Income tsx recoverable in Ban to donation5 received under Atd or deets of covenant is recogni8ed at the tim8 of the donation.. -?-:as are recognised on receipt or othen*ise rf the charity has been notified of an impending distribution, -. ount is known. and receipt is expected. If the amount 1$ t known. the legacy is treated 8 asset.
GREAT MASSINGHAM VILLAGE HALL AND INSTITUTE CHARITABLE INCORPORATED ORGANISATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies -gnised On there is a legal or eonsfwctive obligalion to trdnsfer enoMiC benefit to a ExpenditJre 1> r=c- third party. it 5> Jr-bable that a transfer of economic beneffts will be required in settlement and the amount ol the oblig2tio• c8n be measured reliably. ts Classified by adivity. The c¢S of each activity are made up of the total of dire¢¢ costs and T5. Including SUPPOrt costs involved in Undertan9 each actsvtty. Direcl eosls attn"butable to a single 3-e allocated directly to that actity. Shared costs which conthbute to more than one activity and -nr. casts which are not attributable to a single activtty are apt)orboried between those actiwties on a basis ni With the use of resources. Central staff costs are allocated on Ihe basis of time spÈn[ and -ciaLion d)arge$ are allocated the FMNtson of the assets use. (Continued} 1.5 Tangibl• fixed assets Tangible fixed assets are inthally measured at eosl and subseoLFenlly measu1 at cost or valuation. nei of depr¢ciatlgn and any impairment Josses. Dttpreeiation is reeognis8d so as to vKite off the cost or valuation of a5se15 less thelr Te$idual values over their -'5eful lives on the followng baw: -rtsehold land and buildings -Ixlures and fittings Nil deprecialion 15'k Reducing balance basis110 year straight line he gain or loss arising on the disposal of an assel detemiined as the drfference bèlween the sale ?". oc8eds and thè carying value of the asseL and is recognised in the statement of financial activities. Critical accounting estimate$ and judgements In the application of the tharity's accounting policies. the trustees are required to make judgements. estimates assumptions about the carrying amount of assets and liabilitses thal are not readily apparent from other 41.C&s. The estimates and associated assumplK•n5 are based on historical experien and other f8CtOf5 that considered to be relevant. Actu81 resutis may der from these estimates. stimates and undertwng assumwims are fevsewed on #n ofigoing basis. Revisions to accounting a:.as are recognised in the period in wh¢ch the estimate is rewsed where the ravision affe¢ts only that or in the peri¢xl of the vISion and future periods where the revision affects both current and future kicome from donatlons and l•ga¢l•s Unrestrictod Rastiict funds fvnds 2024 2024 Total UnT•stricted R•strict8d funds nds 2023 2023 Total 2023 2024 *S 2nd gtfts 3.667 3.667 2.849 2,849 3.000 3,000 5.667 5,667 2,849 3.000 5,849
GREAT MASSINGHAM VILLAGE HALLAND INSTITUTE CHARITABLE INCORPORATED ORGANISATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Income from charltable activltles Unrestricted untrICd funds fvnds 2024 2023 Heading #ac989 9.455 4.898 12,736 322 i jOme -5 and Fund raisirwj 14.353 13,058 Expenditure on charitable a¢tivltie$ Unrostrlct8d Unrestricted fvnds funds 2024 2023 Direct costs ciation and impaim)enl -s.ran¢e -keeping and accountancy ..dry Èxpenses al and maintenance- Fire 8nd intrLK18r rtairs and maintenancè- Grounds maintenance 1.169 2.895 750 4.665 1.325 253 3.945 1.121 1.236 2,382 1,080 3.153 223 188 3.744 985 and recyding 16.123 12.991 .Analy5is by fund IbLed funds 16.123 12.991
4et movement in funds 2024 2023 ,avement in funds is stated after charg1(credIbJ). on of owned tangible red assets 1,169 1,238 fJS¥ees {or any persons connected with them) rl¥ad any remunoration or benefits from the year.
GREAT MASSINGHAM VILLAGE HALL AND INSTITUTE CHARITABLE INCORPORATED ORGANISATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Employees The average monthly nurnber of employeas during the year was: 2024 Numljer 2023 Numbgr Vv&re no employees whose annual remuneratv)n wras rn0 than £60.(M)O. Remuneration of key management rsOnnel Tkie remuneration of key management personnel was as follows= Taxation ¢ charity is 8xempt from taxation on ils actbvities because all its income is apled for charitable purposes. 10 Tangible fixèd assets Freehold land Flxtures and and bulldlD95 ffittlngs Total C05t .4=, 1 April 2023 76.202 6.048 82.250 .4= 31 fvlarch 2024 76,202 6,048 82,250 Depreciation and Impairnient .4pril 2023 ejreciation charged in the year 1.236 1.169 1,238 1,169 I larch 2024 2,405 2,405 Carying amount h 2024 76.202 3,643 79,845 , 2023 76,202 4,812 81.014 C*btors 2024 2023 nts falling due withln on8 year. ..ts and accnJ8d Inryyne 1.474 1,942 rn asset investments 2024 2023 6.525 11,525 10-
GREAT MASSINGHAM VILLAGE HALL AND INSTITUTE CHARITABLE INCORPORATED ORGANISATION MOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 13 Creditors= amounts falling due wlthin one y•ar 2024 2023 .d Income 1,450 2,170 14 Restricted funds d funds of the charity comprise the unexperKled balan(*3 of donations and grants held on trust specific conditions by donors as to how they may be used. At 1 April Incomlng 2023 resources Tran$fer& At 31 March 2024 8.770 8,770 Previous year: At 1 April 2022 Incomlng resources Trnnsfers At 31 MaTch 2023 3.0 5.770 8.770 15 Uryrestriet•d funds ra3tNcted funds of the charity comprise the unexpended balan of donations and grants which are .t lo specffji¢ conditions by donors and grantors as to how they may be used. These indude .d funds which have been sel aside out of unrestricted funds by the trustees for spec.ffic PUTPOSgS. Transfers At 31 March 2024 At 1 Aprll 2023 Incorning Resources T•SOUfC•S expend•d 99,872 20.020 {16.1231 103,769
rE¥itws year: At 1 Aprfl Incomlng R•sourc¢s 2022 rgsources •xpend8d Trnnsfers At 31 March 2023 76.202 15.907 {12,991) 20,754 99,872 11
GREAT MASSINGHAM VILLAGE HALL AND INSTITUTE CHARITABLE INCORPORATED ORGANISATION 14)TES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Atstysis of net assets tsee?n funds Unrnstrictsd Restrlcted funds funds 2024 2024 Totsi 2024 * ?* M¥th. 2rJ24'. 79.B45 23.924 79.845 32.694 8,770 103,769 8.770 112,539 UnTeslrfGted fvnds 2023 Restrlrfed funds 2023 Totsl 2023 )', Uarch 2023: 81.014 18.858 81,014 27,628 8,770 99.872 8,770 108.642 12-