Ch Nuntsr 1185608 EAST KESWICK VILLAGE HALL Structure. Gobwnance and Management East Keswi( Hall is a registered charity (no 1185608). The goveming docunwtt is a (xTheym dated 30h Juty 1948 aThJ a r£w c(skn dated 22Tra ALKJUSt 2019. The administrthn of the Trust is in the hands of ts trustees who may regulate the condud of their affairs in such manner as they may think fiL When a vacancy arises, a replacement trustee is appointed by the continuing trustees rf they consider that there is a suitable candidate. Associate trustees are appointed in same manner. Objectives and activitses trustees state that the objects of this CIO are physical arKI mental training and recreation rooms. library lectures, dasses recreations and entertainments or Othe as may be found eXpeEnt for the benefft of the inhabitants of the Parish of East Keswick. West Yorkshire. Having hal regard to the pub benefft guidan issued by the Clwity Commission, the The trustees who served during the year are set out on page 2 of these Financial ACliements and Perforn&ance The Hall continues to be a key arwuty for East Keswick. used by many resKlents a1 others from outside the vlage. ft plays an important role being one of the places in the Village where peop of all ages can enjoy theMsefv and indulge their interests and pastimes. k)osening of COVKI 19 regulations, to £61.054 (2021: 36,21n, induding a re(2ipt of Govemmert grants £2,667 (2021: £11,096) and p1 (2021: part1} rates re. The Trustees are intent on ertsuring that trE Hall's fa(alitEs are well maintained aThl. wherever possible, improved. subject always to the financial constraints within which they have to operate. Ensuring that only essential works were carrEd out in the period has helped redu our cash (xrtfkw. Repair5 and refurb1shrTnts cost were £6.188 (2021: £5.565) in year.
Chanty Number 1185608 EAST KESWICK VILLAGE HALL R•wt ol th• TfUSt•es (a)ntInl> East Keswid( has a vage hall amongst the best in Yorkshire. Our challenge is to encourage residents of all ages and village groups to continue to use it as much as possiTr>le. and to ensure the Charity is based upon a sound fjnancial platform through which the Hall can be well maintained and improved over b'me. As thays, the sX)th rUnnll of the Hall depends on the efforts of a small number of people Financial Review Historicalty. the accounts are prepared on accruals basis. This means that income arKJ expenditure reflects when the actual events take pla, rather than just when monies are received or expended. Statement of Trustees, Responsibilities The trUStS are required by law to prepare financial statements that give a true and fair view of the state of affairs of the Trust at the end of each financial year and of the net movement in the funds of the Trust during that period. The trUStS confirm that appropriate accounting poficies have been used and applied consistently arKI that reasonable and prudent judgements have been made in the preparation of the Financial Statements for the period 31st December 2021 The trustees also confirm that the Financial Statements have been prepared on a going conrn basis and that applicable accounting standards have bn followed. The trustees are responsTri )le for maintaining adequate accounting records, for safeguarding the assets of the Trust and for taking reasonable steps to prevent and detect fraud and other irregularities. Chairman Peter Guiklford Date 13th March 2023
Charity Number 1185608
EAST KESWICK VILLAGE HALL
Registered Charity Number 1185608 (formerly 523590)
CE019056
Financial Statements For the Year ended 31 December 2022
Charity Number 1185608
EAST KESWICK VILLAGE HALL
List of Contents
- Page Title 1 List of Contents 2 Legal and Administrative Information 3 Report of the Trustees 5 Independent Examiner’s Report 6 Statement of Financial Activities 7 Balance Sheet 8 Notes to the Financial Statements
1
Charity Number 1185608
EAST KESWICK VILLAGE HALL
Legal and Administrative Information
Trustees: Peter Guildford (Chairman) David Charles Wort (Treasurer) Peter James Anning Malcolm Brook Janita Sylvia Dedicoat Brian Dower [Resigned 23 May 2022] Keith Kerr Judith Elizabeth Roberts [Resigned 6 September 2021] Edward James Tinsley Mina Soi-Westby [Appointed 6 September 2021] Secretary: Peter James Anning Office Address: 24 Church Drive, East Keswick Yorkshire, LS17 9EP
Independent Examiner: Mrs K M Ashton, MBA, BA, FCCA, KMA Business & Management Services, Certified Accountants, 22 Beaconsfield Way, Sketty Swansea SA2 9JR
. Bankers: HSBC Plc
2
Charity Number 1185608
EAST KESWICK VILLAGE HALL
Report of the Trustees
The trustees present their report and the Financial Statements for the period ended 31 December 2022.
Structure, Governance and Management
East Keswick Village Hall is a registered charity (no 1185608). The governing document is a conveyance dated 30[th] July 1948 and a new constitution dated 22[nd] August 2019.
The administration of the Trust is in the hands of the trustees who may regulate the conduct of their affairs in such manner as they may think fit. When a vacancy arises, a replacement trustee is appointed by the continuing trustees if they consider that there is a suitable candidate.
Objectives and activities
The trustees state that the objects of this CIO are physical and mental training and recreation, social and moral intellectual development through the medium of reading and recreation rooms, library lectures, classes recreations and entertainments or otherwise as may be found expedient for the benefit of the inhabitants of the Parish of East Keswick, West Yorkshire.
Having had regard to the public benefit guidance issued by the Charity Commission, the trustees consider that this activity is for the public benefit.
Trustees
The trustees who served during the year are set out on page 2 of these Financial Statements.
Achievements and Performance
The Hall continues to be a key amenity for East Keswick, used by many residents and others from outside the Village. It plays an important role being one of the few places in the Village where people of all ages can meet, enjoy themselves and indulge their interests and pastimes.
The use of the Hall and the associated letting income has been improved with the further loosening of Covid 19 regulations, to £61,054 (2021: 36,217), including a receipt of Government grants £2,667 (2021: £11,096) and partial (2021: partial) rates relief.
The Trustees are intent on ensuring that the Hall’s facilities are well maintained and, wherever possible, improved, subject always to the financial constraints within which they have to operate.
Ensuring that only essential works were carried out in the period has helped reduce our cash outflow. Repairs and refurbishments cost were £6,188 (2021: £5,565) in the year.
3
Charity Number 1185608
EAST KESWICK VILLAGE HALL
Report of the Trustees (continued)
East Keswick has a village hall amongst the best in Yorkshire. Our challenge is to encourage residents of all ages and village groups to continue to use it as much as possible, and to ensure the Charity is based upon a sound financial platform through which the Hall can be well maintained and improved over time.
As always, the smooth running of the Hall depends on the efforts of a small number of people who have given their time very generously, and to whom the Trustees offer their thanks.
Financial Review
Historically, the accounts are prepared on accruals basis. This means that income and expenditure reflects when the actual events take place, rather than just when monies are received or expended.
Statement of Trustees’ Responsibilities
The trustees are required by law to prepare financial statements that give a true and fair view of the state of affairs of the Trust at the end of each financial year and of the net movement in the funds of the Trust during that period.
The trustees confirm that appropriate accounting policies have been used and applied consistently and that reasonable and prudent judgements have been made in the preparation of the Financial Statements for the period 31[st] December 2022. The trustees also confirm that the Financial Statements have been prepared on a going concern basis and that applicable accounting standards have been followed.
The trustees are responsible for maintaining adequate accounting records, for safeguarding the assets of the Trust and for taking reasonable steps to prevent and detect fraud and other irregularities.
Chairman Date 17 April 2023 Peter Guildford
4
Charity Number 1185608
EAST KESWICK VILLAGE HALL
Independent Examiner’s Report to the Trustees
I report on the financial statements of the Trust for the period ended 31 December 2022, which are set out on pages 4 to 13.
Respective Responsibilities of the trustees and the examiner
As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”) and the Statement of Recommended Practice (SORP) 2005.
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 all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Basis of opinion
My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently, no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below..
Independent examiner’s statement
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:
-
the accounting records were not kept in accordance with section 130 of the Charities Act; or
-
the accounts did not accord with the accounting records; or
-
the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Mrs K M Ashton, MBA, BA, FCCA, KMA Business & Management Services, Date: 17 April 2023 Certified Accountants, 22 Beaconsfield Way, Sketty, Swansea SA2 9JR.
5
Charity Number 1185608
EAST KESWICK VILLAGE HALL
Statement of Financial Activities For the Year Ended 31 December 2022
| Notes Incoming Resources: Investment income 1 Grants and other benefits 2 Income from events 3 Resources Used: Donations to 3rd Parties 4 Expenditure relating to events 5 Management and administration costs 6 Net resources received/(expended) in year Funds brought forward 14 Funds Carried Forward 14 |
2022 £ 284 2,667 61,054 |
2022 £ 64,005 (61,497) 2,508 247,145 |
Period ended 2021 £ £ 3 11,096 36,217 47,316 (2,803) (10,504) (34,768) (48,075) (759) 247,904 247,145 |
Period ended 2021 £ £ 3 11,096 36,217 47,316 (2,803) (10,504) (34,768) (48,075) (759) 247,904 247,145 |
|---|---|---|---|---|
| (2,803) (13,607) (45,087) |
(2,803) (10,504) (34,768) |
|||
| 249,653 | 247,145 |
The notes on pages 8 and 13 form part of these Financial Statements.
6
Charity Number 1185608
EAST KESWICK VILLAGE HALL
Balance Sheet As at 31 December 2022
| Notes Fixed Assets Buildings 9 Plant & equipment 9 Investments 10 Current assets Debtors due within 1 year 11 Cash at bank and in hand 12 Current liabilities Creditors due within 1 year 13 Net current assets Net assets Represented by Funds 14 |
2022 £ 182,929 14,541 |
2022 £ 197,470 29,372 22,811 |
2021 £ 196,683 8,564 |
2021 £ 205,247 29,088 12,810 |
|---|---|---|---|---|
| 9,830 29,375 |
6,738 25,512 |
|||
| 39,205 (16,394) |
32,250 (19,440) |
|||
| 249,653 | 247,145 | |||
| 249,653 | 247,145 |
(Chairman)
Date: 17 April 2023
The notes on pages 8 and 13 form part of these Financial Statements.
7
Charity Number 1185608
EAST KESWICK VILLAGE HALL Notes to the Financial Statements
For the Year Ended 31 December 2022
1. Principal Accounting Policies
- 1.1 Accounting Convention
The Financial Statements 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 the accounts.
The financial statements have been prepared in accordance with the second edition of the Charities Statement of Recommended Practice issued in October 2020, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.
1.2 Investments Income
Investment income is recorded when received.
1.3 Grants
During the current financial period, the Village Hall committee were able to claim grants under the special provisions relating to COVID19.
1.4 Resources Expended
Other expenditure is recorded on an accruals basis.
1.5 Investments investments are shown at market value at the Balance Sheet date.
2. Taxation
- As a registered charity, the Village Hall is exempt from taxation on its income and gains where they are applied for charitable purposes.
3. Investment Income
| COIF Interest 4. Grants and other benefits Covid Grants |
2022 £ 284 2022 £ 2,667 |
2021 £ 3 |
|---|---|---|
| 2021 £ 11,096 |
8
Charity Number 1185608
EAST KESWICK VILLAGE HALL
Notes to the Financial Statements (continued)
5. Income from events
| Village Draw profits Village Hall fundraising events Lettings Commissions Cancellation fees 6. Donations to 3rd Parties Charitable donations (inc. R.A.Y) Donations to Parish Council 7. Expenditure relating to events Events manager Caretaking and cleaning Music licences Alcohol licence |
2022 £ 2,030 (49) 54,664 3,273 840 61,054 2022 £ 42 2,761 2,803 2022 £ 5,040 6,941 1,424 202 13,607 |
2021 £ 590 234 33,464 1,529 400 36,217 2021 £ 42 2,761 2,803 2021 £ 3,990 4,356 1,978 180 |
|---|---|---|
| 10,504 |
9
Charity Number 1185608
EAST KESWICK VILLAGE HALL
Notes to the Financial Statements (continued)
8. Management and Administration Costs
| Rates and insurance Hall administration Marketing Utilities Telecom Repairs and maintenance Waste removal and gardening Bookkeeping Deprecation of fixed assets Preparation of accounts & independent examination Bank charges and interest |
2022 £ 3,145 6,739 75 5,281 897 6,188 1,742 2,649 17,423 830 118 45,087 |
Restated 2021 £ 2,367 1,293 - 4,092 540 5,565 1,472 2,480 16,459 481 19 |
|---|---|---|
| 34,768 |
9. Fixed Assets
| Cost or valuation At 31 December 2020 Additions in the period At 31 December 2021 At 1 January 2022 Additions in the period At 31 December 2022 |
Land & Buildings Plant & equipment £ £ 343,852 20,784 - 1,310 343,852 22,094 343,852 22,094 - 9,646 343,852 31,740 |
Total £ 364,636 1,310 |
|---|---|---|
| 365,946 | ||
| 365,946 9,646 |
||
| 375,592 |
10
Charity Number 1185608
EAST KESWICK VILLAGE HALL
Notes to the Financial Statements (continued)
9. Fixed Assets (continued)
| Depreciation At 31 December 2020 Charge in the period At 31 December 2021 At 1 January 2022 Charge in the period At 31 December 2022 Net book value at 31 December 2022 Net book value at 31 December 2021 |
Land & Buildings Plant & equipment £ £ 133,415 10,825 13,754 2,705 147,169 13,530 147,169 13,530 13,754 3,669 160,923 17,199 182,929 14,541 196,683 8,564 |
Total £ 144,240 16,459 |
||
|---|---|---|---|---|
| 160,699 | ||||
| 160,699 17,423 |
||||
| 178,122 | ||||
| 197,470 | ||||
| 205,247 |
In 2018 Charity No: 523590 received advice that, whilst taking cognisance of comparative community facilities, the market value should be significantly discounted to £250,000 to reflect the impact of the “restrictive covenant”. This value was used as the basis of transferring the assets to the newly created charitable trust Reg No 1185608 3rd Oct 2021. The Trustees consider that, as the net book value at that date was £242,831 no revaluation of the Village Hall was required but the Trustees should continue to depreciate it at 4% per annum.
10. Investments
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| COIF Charities Deposit Fund | 29,372 | 29,088 |
11
Charity Number 1185608
EAST KESWICK VILLAGE HALL
Notes to the Financial Statements (continued)
11. Debtors: amounts falling due within one year
| 2022 £ Trade debtors 9,282 Prepayments 548 Government grants 9,830 12. Cash at bank and in hand 2022 £ Current account 29,363 Petty cash 12 29,375 13. Current Liabilities: amounts falling due within one year 2022 £ Trade creditors 2,050 Event deposits 5,700 Advance bookings for events 6,003 Accruals 2,641 16,394 |
2021 £ 6,109 629 6,738 2021 £ 25,487 25 |
|
|---|---|---|
| 25,512 | ||
| 2021 £ 2,463 9,500 4,196 3,281 |
||
| 19,440 |
12
Charity Number 1185608
EAST KESWICK VILLAGE HALL
Notes to the Financial Statements (continued
14. Funds Statement
| At 1 January 2021 Loss in year At 31 December 2021 At 1 January 2022 Profit in year At 31 December 2022 |
Unrestricted Restricted Total £ £ £ 201,508 46,396 247,904 (759) - (759) |
|---|---|
| 200,749 46,396 247,145 |
|
| 200,749 46,396 247,145 2,508 - 2,508 |
|
| 203,257 46,396 249,653 |
13
Charity Number 1185608
EAST KESWICK VILLAGE HALL
Registered Charity Number 1185608 (formerly 523590)
CE019056
Financial Statements For the Year ended 31 December 2022
Charity Number 1185608
EAST KESWICK VILLAGE HALL
List of Contents
- Page Title 1 List of Contents 2 Legal and Administrative Information 3 Report of the Trustees 5 Independent Examiner’s Report 6 Statement of Financial Activities 7 Balance Sheet 8 Notes to the Financial Statements
1
Charity Number 1185608
EAST KESWICK VILLAGE HALL
Legal and Administrative Information
Trustees: Peter Guildford (Chairman) David Charles Wort (Treasurer) Peter James Anning Malcolm Brook Janita Sylvia Dedicoat Brian Dower [Resigned 23 May 2022] Keith Kerr Judith Elizabeth Roberts [Resigned 6 September 2021] Edward James Tinsley Mina Soi-Westby [Appointed 6 September 2021] Secretary: Peter James Anning Office Address: 24 Church Drive, East Keswick Yorkshire, LS17 9EP
Independent Examiner: Mrs K M Ashton, MBA, BA, FCCA, KMA Business & Management Services, Certified Accountants, 22 Beaconsfield Way, Sketty Swansea SA2 9JR
. Bankers: HSBC Plc
2
Charity Number 1185608
EAST KESWICK VILLAGE HALL
Report of the Trustees
The trustees present their report and the Financial Statements for the period ended 31 December 2022.
Structure, Governance and Management
East Keswick Village Hall is a registered charity (no 1185608). The governing document is a conveyance dated 30[th] July 1948 and a new constitution dated 22[nd] August 2019.
The administration of the Trust is in the hands of the trustees who may regulate the conduct of their affairs in such manner as they may think fit. When a vacancy arises, a replacement trustee is appointed by the continuing trustees if they consider that there is a suitable candidate.
Objectives and activities
The trustees state that the objects of this CIO are physical and mental training and recreation, social and moral intellectual development through the medium of reading and recreation rooms, library lectures, classes recreations and entertainments or otherwise as may be found expedient for the benefit of the inhabitants of the Parish of East Keswick, West Yorkshire.
Having had regard to the public benefit guidance issued by the Charity Commission, the trustees consider that this activity is for the public benefit.
Trustees
The trustees who served during the year are set out on page 2 of these Financial Statements.
Achievements and Performance
The Hall continues to be a key amenity for East Keswick, used by many residents and others from outside the Village. It plays an important role being one of the few places in the Village where people of all ages can meet, enjoy themselves and indulge their interests and pastimes.
The use of the Hall and the associated letting income has been improved with the further loosening of Covid 19 regulations, to £61,054 (2021: 36,217), including a receipt of Government grants £2,667 (2021: £11,096) and partial (2021: partial) rates relief.
The Trustees are intent on ensuring that the Hall’s facilities are well maintained and, wherever possible, improved, subject always to the financial constraints within which they have to operate.
Ensuring that only essential works were carried out in the period has helped reduce our cash outflow. Repairs and refurbishments cost were £6,188 (2021: £5,565) in the year.
3
Charity Number 1185608
EAST KESWICK VILLAGE HALL
Report of the Trustees (continued)
East Keswick has a village hall amongst the best in Yorkshire. Our challenge is to encourage residents of all ages and village groups to continue to use it as much as possible, and to ensure the Charity is based upon a sound financial platform through which the Hall can be well maintained and improved over time.
As always, the smooth running of the Hall depends on the efforts of a small number of people who have given their time very generously, and to whom the Trustees offer their thanks.
Financial Review
Historically, the accounts are prepared on accruals basis. This means that income and expenditure reflects when the actual events take place, rather than just when monies are received or expended.
Statement of Trustees’ Responsibilities
The trustees are required by law to prepare financial statements that give a true and fair view of the state of affairs of the Trust at the end of each financial year and of the net movement in the funds of the Trust during that period.
The trustees confirm that appropriate accounting policies have been used and applied consistently and that reasonable and prudent judgements have been made in the preparation of the Financial Statements for the period 31[st] December 2022. The trustees also confirm that the Financial Statements have been prepared on a going concern basis and that applicable accounting standards have been followed.
The trustees are responsible for maintaining adequate accounting records, for safeguarding the assets of the Trust and for taking reasonable steps to prevent and detect fraud and other irregularities.
Chairman Date 17 April 2023 Peter Guildford
4
Charity Number 1185608
EAST KESWICK VILLAGE HALL
Independent Examiner’s Report to the Trustees
I report on the financial statements of the Trust for the period ended 31 December 2022, which are set out on pages 4 to 13.
Respective Responsibilities of the trustees and the examiner
As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”) and the Statement of Recommended Practice (SORP) 2005.
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 all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Basis of opinion
My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently, no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below..
Independent examiner’s statement
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:
-
the accounting records were not kept in accordance with section 130 of the Charities Act; or
-
the accounts did not accord with the accounting records; or
-
the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Mrs K M Ashton, MBA, BA, FCCA, KMA Business & Management Services, Date: 17 April 2023 Certified Accountants, 22 Beaconsfield Way, Sketty, Swansea SA2 9JR.
5
Charity Number 1185608
EAST KESWICK VILLAGE HALL
Statement of Financial Activities For the Year Ended 31 December 2022
| Notes Incoming Resources: Investment income 1 Grants and other benefits 2 Income from events 3 Resources Used: Donations to 3rd Parties 4 Expenditure relating to events 5 Management and administration costs 6 Net resources received/(expended) in year Funds brought forward 14 Funds Carried Forward 14 |
2022 £ 284 2,667 61,054 |
2022 £ 64,005 (61,497) 2,508 247,145 |
Period ended 2021 £ £ 3 11,096 36,217 47,316 (2,803) (10,504) (34,768) (48,075) (759) 247,904 247,145 |
Period ended 2021 £ £ 3 11,096 36,217 47,316 (2,803) (10,504) (34,768) (48,075) (759) 247,904 247,145 |
|---|---|---|---|---|
| (2,803) (13,607) (45,087) |
(2,803) (10,504) (34,768) |
|||
| 249,653 | 247,145 |
The notes on pages 8 and 13 form part of these Financial Statements.
6
Charity Number 1185608
EAST KESWICK VILLAGE HALL
Balance Sheet As at 31 December 2022
| Notes Fixed Assets Buildings 9 Plant & equipment 9 Investments 10 Current assets Debtors due within 1 year 11 Cash at bank and in hand 12 Current liabilities Creditors due within 1 year 13 Net current assets Net assets Represented by Funds 14 |
2022 £ 182,929 14,541 |
2022 £ 197,470 29,372 22,811 |
2021 £ 196,683 8,564 |
2021 £ 205,247 29,088 12,810 |
|---|---|---|---|---|
| 9,830 29,375 |
6,738 25,512 |
|||
| 39,205 (16,394) |
32,250 (19,440) |
|||
| 249,653 | 247,145 | |||
| 249,653 | 247,145 |
(Chairman)
Date: 17 April 2023
The notes on pages 8 and 13 form part of these Financial Statements.
7
Charity Number 1185608
EAST KESWICK VILLAGE HALL Notes to the Financial Statements
For the Year Ended 31 December 2022
1. Principal Accounting Policies
- 1.1 Accounting Convention
The Financial Statements 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 the accounts.
The financial statements have been prepared in accordance with the second edition of the Charities Statement of Recommended Practice issued in October 2020, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.
1.2 Investments Income
Investment income is recorded when received.
1.3 Grants
During the current financial period, the Village Hall committee were able to claim grants under the special provisions relating to COVID19.
1.4 Resources Expended
Other expenditure is recorded on an accruals basis.
1.5 Investments investments are shown at market value at the Balance Sheet date.
2. Taxation
- As a registered charity, the Village Hall is exempt from taxation on its income and gains where they are applied for charitable purposes.
3. Investment Income
| COIF Interest 4. Grants and other benefits Covid Grants |
2022 £ 284 2022 £ 2,667 |
2021 £ 3 |
|---|---|---|
| 2021 £ 11,096 |
8
Charity Number 1185608
EAST KESWICK VILLAGE HALL
Notes to the Financial Statements (continued)
5. Income from events
| Village Draw profits Village Hall fundraising events Lettings Commissions Cancellation fees 6. Donations to 3rd Parties Charitable donations (inc. R.A.Y) Donations to Parish Council 7. Expenditure relating to events Events manager Caretaking and cleaning Music licences Alcohol licence |
2022 £ 2,030 (49) 54,664 3,273 840 61,054 2022 £ 42 2,761 2,803 2022 £ 5,040 6,941 1,424 202 13,607 |
2021 £ 590 234 33,464 1,529 400 36,217 2021 £ 42 2,761 2,803 2021 £ 3,990 4,356 1,978 180 |
|---|---|---|
| 10,504 |
9
Charity Number 1185608
EAST KESWICK VILLAGE HALL
Notes to the Financial Statements (continued)
8. Management and Administration Costs
| Rates and insurance Hall administration Marketing Utilities Telecom Repairs and maintenance Waste removal and gardening Bookkeeping Deprecation of fixed assets Preparation of accounts & independent examination Bank charges and interest |
2022 £ 3,145 6,739 75 5,281 897 6,188 1,742 2,649 17,423 830 118 45,087 |
Restated 2021 £ 2,367 1,293 - 4,092 540 5,565 1,472 2,480 16,459 481 19 |
|---|---|---|
| 34,768 |
9. Fixed Assets
| Cost or valuation At 31 December 2020 Additions in the period At 31 December 2021 At 1 January 2022 Additions in the period At 31 December 2022 |
Land & Buildings Plant & equipment £ £ 343,852 20,784 - 1,310 343,852 22,094 343,852 22,094 - 9,646 343,852 31,740 |
Total £ 364,636 1,310 |
|---|---|---|
| 365,946 | ||
| 365,946 9,646 |
||
| 375,592 |
10
Charity Number 1185608
EAST KESWICK VILLAGE HALL
Notes to the Financial Statements (continued)
9. Fixed Assets (continued)
| Depreciation At 31 December 2020 Charge in the period At 31 December 2021 At 1 January 2022 Charge in the period At 31 December 2022 Net book value at 31 December 2022 Net book value at 31 December 2021 |
Land & Buildings Plant & equipment £ £ 133,415 10,825 13,754 2,705 147,169 13,530 147,169 13,530 13,754 3,669 160,923 17,199 182,929 14,541 196,683 8,564 |
Total £ 144,240 16,459 |
||
|---|---|---|---|---|
| 160,699 | ||||
| 160,699 17,423 |
||||
| 178,122 | ||||
| 197,470 | ||||
| 205,247 |
In 2018 Charity No: 523590 received advice that, whilst taking cognisance of comparative community facilities, the market value should be significantly discounted to £250,000 to reflect the impact of the “restrictive covenant”. This value was used as the basis of transferring the assets to the newly created charitable trust Reg No 1185608 3rd Oct 2021. The Trustees consider that, as the net book value at that date was £242,831 no revaluation of the Village Hall was required but the Trustees should continue to depreciate it at 4% per annum.
10. Investments
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| COIF Charities Deposit Fund | 29,372 | 29,088 |
11
Charity Number 1185608
EAST KESWICK VILLAGE HALL
Notes to the Financial Statements (continued)
11. Debtors: amounts falling due within one year
| 2022 £ Trade debtors 9,282 Prepayments 548 Government grants 9,830 12. Cash at bank and in hand 2022 £ Current account 29,363 Petty cash 12 29,375 13. Current Liabilities: amounts falling due within one year 2022 £ Trade creditors 2,050 Event deposits 5,700 Advance bookings for events 6,003 Accruals 2,641 16,394 |
2021 £ 6,109 629 6,738 2021 £ 25,487 25 |
|
|---|---|---|
| 25,512 | ||
| 2021 £ 2,463 9,500 4,196 3,281 |
||
| 19,440 |
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Charity Number 1185608
EAST KESWICK VILLAGE HALL
Notes to the Financial Statements (continued
14. Funds Statement
| At 1 January 2021 Loss in year At 31 December 2021 At 1 January 2022 Profit in year At 31 December 2022 |
Unrestricted Restricted Total £ £ £ 201,508 46,396 247,904 (759) - (759) |
|---|---|
| 200,749 46,396 247,145 |
|
| 200,749 46,396 247,145 2,508 - 2,508 |
|
| 203,257 46,396 249,653 |
13