Lympstone Village Hall Charitable Incorporated Organisation Charity Number1187640 Report and Financial Statements for the year ended 31 March 2025
LYMPSTONE VILLA CONTENTS E HALL CIO Charity Informat*)n Trustees, Report 4tr)5 Statement of Trustees, Responsits'lrties Independent Examine¢s Rep)rt Statement of Financial ActNilies Balance Sheel Notes to the Financial Statements 101013 Page 2
Report and Financial Statements for the period l April 2024 to 31 March 2025 Lympstone Village Hall CIO Charity Number 1187640 Charity Information Charity Address: School Hill Lympstone Exmouth EX8 5JY Trustees at 31 March 2025: Mr Gregor Crum (Chairl Mr Stephen Morgan ITreasurerl Ms Sharon Wayland Isecretaryl Mrs Marjorie Brewer Mrs Anne Crisp Ms Jennifer Moon Ms Corinne Gimber Mr Keith Hill (Lympstone Parish Council representative) Ms Sheila Stone Mr Richard Francis Ms Emma Bushell M r John Cross13ppointed Ilth of December 20241 Karen Paula Ball l appointed 7th of September 20251 Bankers: Nat West plc, Exrnouth Branch United Trust Bank Limited Independent Examiners: Thompson Jenner LLP, Exeter Website: www.I
LYMPSTONE VILLAGE HALL CIO Truste8 Report for the yeareNled 31 Mwch 2025 FOREWORD BYGREGORCRUM, CHAIRMAN l am deliglrted lo report on the activities ol Lympitone Wlalle Hall CIO, in its fifth fvll year of operdtlon. The Hall contInU to playa ilgnilKant arml leIlTra rolo ¥1 Vill40 Cmulty lrfo. Structure and Governanc The Trustees are pleased to pres¢nt their Report and FinarKial Statements ol the Charitable lrtorporatod 0rganmat1. ¢lwity number 1187640. The Board ofTnatett are pported ty a Man4em•nt Team. arMI ty a Prernl Manwr. Borthing$ CoordiThitor. a1 Clewr. The Clwity Otherye reliH upon Tmlunteer suppwt. Oblectlves and Actfvllles The Charity OW and Lymp8tone Mllage Hall. formlroj the very centre of lIage tlvlt18 The Hall corniits of aynule storey Complex containiThJ three letting rooms: Main Hall, Meeting Room and Communtty Room. wi thlition to a 1end t•rarMI knt¢hon. The cornplex is wed lry awKle raThJe ol vill¥8 owi¥ation¥ for la1. edatIonal. art and entertainment purposK. It ij atso used by sem1-comrneIal organlsatiom. lor example 0118 and keep fit cl&ty¢i. The Hall also weddirwj re¢eptioN, and famity partie5. The CIO contlnues to focus on its ¢8ntral purpo ot provKliw hpjh quality meeting aThl event for the Lyrnpslone commtsnity. Achlevèments and P0rfornMr8 The CIO increased it3 Iorne from the hlre of the hall* facilities Irom £65.IYJO in 2023-24 to £72.lJ)O in 202425, a rtse of over 10%. and another record level d annual operating incom8 for the Charlty. The demand for the hally excellent facililie5 continues lo rr4e. and the three hall roorrra are better utiliwl than ever. a resulL the Trtee¥ were ablfr to complete the dlsabled path between the hall buildiNJ and the tennii courts, fund a complete sel of new stage lighliThJ at a cost of £16.OiYJ. aNI purchase a new glass dithwah8r forthe bararea1£2,(KKII. The Trustees have set ashje £20, forlurther¢apltsl bxolects. Replacement of the tennis clubhouse r¢wJl IE5.iWI Repla¢ment of the Thwn Wl floorinq1£7,5LKII Oiher projects dIgned to further improve the halll laclllt18s1£7,$001 Page 4
Charfty's Pollcy on Reserves The CIO'S r83eNes lcY Is to malntsln a mlnlmum sum of £42.fAKI for general runNThJ crAt#and other cofflmitments, reflectiw approximat8ty 8 month¥, c(rf 2tr24-25 Unrethl¢ted Funts Gfrneral running costs up to 8 mont Project developmont costs Total 42,OtyJ 20,000 Ratlo olcth Reseffti tonomMIAnnual Opwztlry Expentslhwe" 'ExcludiThJ Major CW Prwt c(ts Th8 annual r8P]rt wa apwoved by the tnMt8es of the charlty on....-............. and illlned on its behaK by.. Tntstoe Page S
LYMPSTONE VILLAGE HALL CIO STATEMENT OF TRUSTEES, RESPONSIBILITIES The trustees are responsible for preparing ihe tnJtee8' report and the financlal stslements in accordance wlth the UnÉted Kingdom Puounting Standards (United Kingdom Generalty Accepted Accounllng Prxtlce) arKI applicable law aThl regulations. The law appllcable to charftles requlres the trustees lo prepare financial statements for each financial year which gN8 a Irue and falr vlew of the state ot affairs ot the charity and of the incoming resources and application of resources ol the charity for that period. In preparing these finala1 statements. the trteel are required to: select suitable accountiThJ policies and then appty them consistentty." observe the methods and principles in the Charities SORP: make juduements and ellimat that are reanable and prudent; stale whether applicable accounting standards have been followed, subject to any maferial departures disclosed and explained in the fInala1 statements. and prepare the financiaF statements on the going COrern basis unless it is inappropriate to presume that the charity will continue in busines& The trustees are resporr&ible for keeping proper accounting reconts that diK1e with reasonable accuracy at any time the finarKial position of the charity and enable them to ensure that the flnanclal statements compty wlth the Charities Act 2011. the applicable Charities (Accounts and Reports) Reoulatlons. and the provmioni of the constitution. The tnlltees are also resporAible for saleguardlng the assets ol the charity and hence fortaklThJ reasonable steps for Ihe prevention and delection of fraud and other irregularities. Approved by the Irwlees ol Ihe chartty on..... and signed on ill behatt by: Trustee Page 6
LYMPSTONE VILLAGE HALL CIO INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF LYMPSTONE VILLAGE HALL CIO I report to the charity trustees on my examinalion ol the accounts of the charity for the year ended 31 March 2025 whlch are set on pages 8 to 13. Respectlve Tesponsibllities of trustees and examiner As the charlty's trustees ot Lympstone Village Hall CIO you are re¥ponsible for Ihe preparation of the accounls in accordance with the requirements ol the Charitles Act 2011 (Ihe Acl,). I report in respect of my examination of Lympslone Willage Hall CIO'S accounts carried out under section 145 ot the 2011 Acl and in carrying out my exarnination I have followed all the applicable Directions given by Ihe Charity Commission undef sectlon 14515)(bl of the Act. Independent examiners stalement I have compleled my examinalion. I conflrni Ihat no materlal Matte have come to my attention in connection with the eInatiOn givlng me cause lo believe that in any material respect: 1 accountlng records were not kept In respttt of Lyrnpstone Willage Hall required by section 130 of the Act. or 2 Ihe accounts do not accord with those records" or 3 Ihe accounts do not compty wrth the accountlng requlrements concerning ihe form and contenl of accounts sel out in the Charities (Accounts and Reports) Regulations 2(M)8 other than any requirement thal the OUnts give a'true and fair view which li not a rnatter considered as part of an independent examination. I have no COeMS and have come ¥roy no other matters in connection with the examination lo which attention should be drawn in this report in order lo enable a proper undefslanding of Ihe accounts lo be reached. David Tucker ACA FCCA Thompson Jenner LLP Chartered Accountants 1 Colleton Crescent Exeter Devon EX2 4DG Dale". Él.10. 2 Page 7
TATEAIENT R THEY F FINANcL ACTIVJTIES R ENDIN RCH 31-M*r-24 4COIAE a ENDOVAENTS FROIA., Donats"ons Grants Charilable Athit Bank Intet TofAL INCOME & ENDOV•llENTS 16.427 64.977 1,385 82,789 72.073 1.878 76,IX11 72.073 76,001 EXPENDITURE ON. GeneratiThJ Funds ChantablÈ Athths TOTAL EXPENDrruRE 52.181 52.181 98,774 600 NET INCOME BEFORE TRANSFERS 22.740 22,740 Grc6s TranBfw5 fiJr¥Js NET MOVEMENT IN FUNDS 22.740 22.740 116.5851 TOTAL FUNDS BROUGHT FORWARDS 646,166 646.166 862.751 YOTAL FUNDS CARRIED FORWARDS 15 All aCti¥rt derive from continuing OFer8ts"ons The notss on pages 10 to 13 fonn part of the frnant>al stslerwts Page 8
BALANCE SHE AS AT 31 IAARCH 20 31-Mar 2025 31-Mar 2024 FIXED ASSETS Tangible assets 7.123 eL11.042 601,042 CURRENT ASss Debtors Cash at bank and in hand 12 2,761 ,102 3,165 43.484 46.649 CREDITORS Amounts falliThJ due ¥thin one year 13 CURRENT ASSETS 1,525 Crt(S fallin9 due aftèr mcrfe th8n year 13 NET ASSETS FUNDS Unrestri¢ed income ftJTh Restricted fvnds 15 646.166 TOTAL FUNDS IoLf and signed C th&r thalf These 3ou)unts were appro by the TnJstee5 on .. . .. ... . . MrGr rum Tho notes on wJes 1010 13 forrn part of ihese 8orounls Page 9
THE ACCOU R THE YEAR ep4DING 1 IAARCH AccountinN Pol1 {FRS 1021 left&thve l JanuBry 20151. Ichwibes SORP IFRS 10211, tr Rep)tno LIK thj RW¢of Irdend IFRS 1021 tho 3)11. TheCWty rfwtsts fj8fin Lwthr FRS 102. knets ore alhithKal cLwtLY valw ot1lIea] wk'cy nowsl Golng Conc•rn InGo DonDtions 01gift UeThIc{nd l•¢illt eu)n(xnictsnefitc4n measur&1 rdthly. In cwbesSORP IFRS 1021. vr4unw 10 On recap( (kinaled grfl pr0$$1 tsulibeswe r•)>an ¢Ji the gffl 10 1$ Ihe vxvne lo be relea All wnthlurB Isr8[13J¢th ¢ a tOthatexitUre. it s&llern6l Is reryir&l aj arnount T•nglbkn FWA•Mis is 8$8ei$8t r8to8 In tyd8rio%it6oifo>lw8eithr itS*bnwBd u¥elul lrft. Fixtures, Equirtht Page 10
h •nd C••h E¢lts kn(Mn ¥m(wntofth 8rLw8 wgnrf¥xrt nsk L•ill In vdL. Trnd• CThllto Tr8d8 trtitty$8rort1ig8b p¥yftr gcojs ve Ihe (ydiDary oJut8eof bLWW55 frorn suwws. ACts Futhd8 IncrAn•fFom DoTraUw and Grnnls Unrn•trki•d RO1& Fund• Totsl Funds 2025 tAat frun Club Oon81th8frrn olr H•ll U8W8 Gr1 fr(¥n Ph CtyJrt Toi812025 Tow 2024 1fXJ 1.950 1(M) 15,395 1,ODD 15.395 18h27 Hireol Hal 100eb Cty cL¥j1 pr1rn SLKK41 Hireof tolrtue Nw5ery Hireof torthr Ltsers F88d in T¥nif. Sd8r Pa8 14,150 20,170 35,673 14.150 2D.170 35,673 2.080 14.230 15.979 32.687 2.081 ¥77 073 G•rwiir¥J livrt Undertaken Support Cc•ts 2025 20.350 22.307 31,032 15.441 29.994 7Y4 455 31,376 455 31.376 181 Other C05 £nil12024. £15.3951 ofKhbn Ter1c re&lrthJ. Expenditure on Charftable Ac16¥ltkns 2025 2024 Indepeent EyJrThYth FeBs 1.080 1.080 Page 2
Alloc•ilon olsupwt CoBts Td•l Totsl Fund• 202S 2024 373 11.940 6.801 4.705 1.7 673 373 11.940 8.601 4.705 1.PA7 673 258 7.433 6.928 8.170 1.746 Electricityand l8usl F¥ Lic6n Kl8tk8bn9. IT Refuse SutACriPb 1.507 10 675 12 12 635 1.149 2.347 2.347 Thè wMirwlll p8KI£I.OeO. I1rjVAT. loe¥&nif i¥Th 20ZS 2024 Empltryrs Naal InSL¥a(l0o% 01ky} lo TaX)n Fixed aBat31 IAarch 2025 Flxturw, Frnehoml Fhtyrt •nd Equymqnt Tot•1 ¢t As ot 1 Awl 2tr24 Additio¥ Disws¥16. awts use As 31 2025 82.116 18,021 $3,$11 662.T16 18.021 53.511 827 286 Depreciation As at 1 A1 2024 Charge for thei Disposals. 4s$8ts Th)knwin As ¥131 Marth Z025 61,734 61.734 71.940 53.511 20.163 $3,511 20 163 N•t8ookV•l Asai l Awl 2024 601,012 A¥ ¥t 31 MBtth2U25 12 D•trrtorn H811 Hi 2,761 781 3.165 Page 12
13 redltorn 2025 TrndB CtBditLYS 925 14 FlnarKW comm6tsn•rrt••rn1 1S Fun nrnBtrfctsd Fu 31 OpeTrinu Incomlng Tr•MI CIDBln9 nC• 314knr- 014pr44 35,124 76.001 143.2811 128.0611 1.783 Fixed A888t Fj Proia Fu] 601.042 to.(th) 6,081 807,lYJ 110.[11) Totsi UTrrMtrict•d FuThl• 64&166 76,001 TfA•l RMtrl¢i•d Fw• Total Furb .166 Unr96trtEtsd FurHIB 31 IAllr¢h IncrAnlrvJ R•)u Tr•Mfe Q1Apr-23 314lir-24 34.102 12.5671 35.124 FLYedAs881 Fund Proieth D4¢4•71 608.475 20.174 17.4331 10.000 601.042 10.000 120.174} Totthl unrn1trl¢t FundB 662.751 67.394 183.9T91 646,1e6 T<rt•l R•siri¢i•d 15.395 115.3951 Tilal FurMI 74 16 C¢ntrollfing Page 13