RegBtered Charity Number 118771 INDIAN QUEENS VICTORY HALL Trustees, Annual Report and Accounts For the year ended 31 December 2024
INDIAN QUEENS VICTORY HALL Annual Report and Accounts for the year ended 31 Dember 2024 Contents Page Annual Report Legal and administrative inf0mlan Annual Rèview 6&7 Independent Examiners. Report Receipts and Payments Ac£wnt Statement of Assets and Liabilities 10 Notes to the Attounts Page 2
INDIAN QUEENS VICTORY HALL Annual Report for the year ended 31 Dec8mber 2024 Legal and administrative infomiation Legal Statu8 Th8 Trust is a Règlstèred charlbla Inccrfporated Organisallon {CIO) - number 1187709, and was first registered on the 3nJ February 2020. Prgviousty, the H811 w8s managed unopr an unincDrKX)raj Charity- number 1110642. The nacessary legal work was Mpleted during the previous year to transfer the awt5 of this Charity to the CIO and on the 30tTh November 2021 tha two Gharitieg were rngrpd. Ch8rity 1110642 h85 fiow tthn romoyod from the Register of Charities. Objects The provision of a vtllage hall for use by local organi8ations and rosidents. Managem?nt Commlttee and Trust008 The following Tru8to88 held Offi1 during th@ year ènded 31 D8cember 2024: M8rgaret B(xJrKIy Nicola Brady Bridgat Bullock Karen Cran8 Jamie Gill David Hearl Pam81a ld Brian White . Secretary - Chairman Treasurer Th8 Constitution d8flnes the @S 3pplicab181o the appointrnent and remov81 of Trustees In clauses 9 and 10. clau 12 dgfines the rules in respect of the Trustees delggating their power8 and function to comtThtto8s. Th8 COn8ts"tuti is avallabl8 on the webslte httpsJfindianque8nSViCtoryhall.squargspace.com. Pagè 3
INDIAN QUEENS VICTORY HALL Annual Report for the year ended 31 December 2024 Continued In addiuon to the Trust98S. the M8nagern8nt clmIttee member8 a8 St the 3151 Decomber 2024 wore: Trevor Crane Madene Wskaly Sara Bullock Zoe Graon Nlgol Henwood Mary Rickard Francesca Trebilcock Tanya Williams Public Benefrt As a CharItse Trust. the Trustees have an obligation to the Ioc8I communlty to pn>vida a public bonoflt 8nd this obligatwjn is paramount in the management of tho Hall. The Ttustees maintain the H811 to a good standard, 8nd hold letting rates down as long as possible. taklng account of the cash re8oNos policy. By thgir actions th Tru3te6S f881 that they arè complying with thèlr duty to provldg nr in accordan¢• wilh the guidance glv8n by the Cl)arity Commis¥ion. Théy continue to explorg oth•r ways of providtng the requirèd benefii8. Rlsk Managefflt The Trustees reGognises that they are under a legal obbytion to protect the building. Its users and employees through adequate and apprcyiate insurance. Tho Trustees havo not idenlifigd any Uninsur major risks to which th• Charity is exw)sed. Reserves Policy Th8 Trusta8s alm to maintaln free r8sfjrves 016 mcth's normal gross expanditure. Page 4
INDIAN QUEENS VICTORY HALL Annual Report for the yèar onded 31 December 2024 Contsnued Prlncipal Addro88 Indi8n Queens ViGtory Hall St Francis Road Indlan Qua•ns St Columb Cotnwall TR9 6QN Register8d Charlty number 1187709 Bankers Unity Trust Bank Santander Solicltors Nalders Farley House Famouth Road Truro Cotnwall TR12HX Independent Exarnlner J H Anderson-Ri18y FCA Comwall Page 5
INDIAN QUEENS VICTORY HALL Annual Review for the year ended 31 December 2024 The TruGt8B8 present ttieirAnnual ReKth and A0nts for th8 yaar ended 31 f*rambgr 2024. Chalmian's Revlew of Activi l am pleased to report that tha past year has seen a continued high uullsai'on of Ihe Hall. th bookings very similar to the preVIS year. Users ofthe hall ntinUed to indude Blngos, Yog8, Setf Defence, Wr#ath makirKJ and Keep Frt cLws5e5. the NHS. various Training relat¢d organisalions. the Post OlfKfr. the Inlthan Queens P8ntwiTrrne So¢ty, Craft WorkstP5, Coff88 momlngs and Band PfBcaic8s. as wall a$ rewlar priwotg birthday partios. Fund- faising elForts included another Éu¢c888fvI Comody EvenKw •vènt and seveTAI Indr Mark•t$ over the year. Tho Trnsle85 anrj Ihe ManwJem8nt Comrrrittee have worked tog8th8r to ensure Ihat tho plannod improvements and refurbishments lo the hall continue. Wo vMr• oxtremely grateful lo Ihg Pari9h C4)uncil fundgd and donalwl thg suppty And fitting of the ngw hal lknr. Th@ funds prOVU81Y alw4ted for this now be used to replace most of the extemal dooTB and many of ikntèm81 thor5 duTtr 224. Continuèd grant SUPPOrt Trom tho LIAtèry and thè Comwal CcrfTKNftty FndalIon has helped significantty to provide Yoga dasses, self4efence cLg38e5 and a Nmber of adutt cara related a¢llvit+8s and to assi%t W7th 0[01 irroro¥ements in the hall.. Th8 mming year stlId see the ujent level of acliwties cx)ntinuir¥J. with f(Thiard iM)oknngs looki encouraging. Flnancial Perfomwnca The finanaal statem¢nts arg induded al pogos 9 lo 1& With gross Gash T&¢&ipts of £3Q,147 (2023.. £24256) and paymants of £15,703 {2023 £15.608}. thé year ended with 8 surplus £14.444 (2023 £8.648). Receipts for the year. at £30,147, wgre £5.891 hvjher th8n the provious y8gr. Grants And donats'on5, 81 £12,466, Were £6,r51 Ngnw. whtst ham tx)0rj5 were slrnilar to last year and fun(kraising events wh8te £1.2C6 k)wor. Pag8 6
INDIAN QUEENS VICTORY HALL Annual Review for the year erKled 31 December 2024 Continued Financlal PwFomiance Continued P8ymonts. at £15,703 in totsl We onty £95 higher Ihan last year. Expendlturé cfft repairs, maintenÈneè and renewaLs, of £5.550. was £1.593 hb3herthan Ihe wevious year and included tha inbtial deposit of £3,186 for Ihg teplacomont of gxtemal doorn. Tho $t of utllits'es was £1.687 lower than Lgst year. Cash balance$ at thg Yearnd arrKJuntéd to £78.405 (2023: £63.1). of vthich £8,873 h9kJ as furrfls agafft5t unaxp8rthd b8lanc4s of grants T•c•iv•d for spectfic purposes. The accumulated $h balances at Ihe year-end Inde £93612023: £936) in re8ct of future hall he. The Charity 1$ In a Sr1d ffinancial position wlth the cash balarKe wL11rJ a Free Reservg of £10.000 and a specific Propaty r*ted res8v49 of £40,000. Acknoedg8M9nts The anticipated oxpendiiuro on a repLacement main hall )loor during 2024 Ivas not necessary as thè ftoorng and fftiing was very kindty dated to the Charity by the St Encwjer Parish Courril. Thanks go to all the Trusloes and Mem of Iha managThnt wmmittee for their contributions dunng year. In addition. I would like to thank: Karen Cr8ne for both h8r continued efforts in oblainir¥J grants for the Hall and also for her trernendcwo efforts, together with Trevor Crono, in C99n1$Ing the Com Evening. Heathei Head for deanw the Hall Jamie Gill and Trevor Cran8 for Ihe maintBnanc• vth. Pemy Tippett for organisng the Irthjr Markets. David Heal Chairman ?r¥21 Page 7
INDIAN QUEENS VICTORY HALL Charity No. 1187709 Independent Examiner3, Rèport To the Trusiees of Irtdlan Queens Vktory Hall Twsl I rewrt the aGWL¥rt> ofthp Ch¥thy fLY 31 2024 8rg sot oul (ffi pag08 9 to 13. R•8ClIVe r•spong+Mili¢s ol Tno¢9 h)d¢penkni Exanwner Th charily Truthes arv [TApLIe fut the ofthe BtxxNwts. T1 Charity'¥ Tw3lee¥ GDnsidei Ihat an 8udit not reqrj f(¥th$ year m)erSect 144(21 d thecbathjes kt2011 and that an IndeF¥Jent èxarn1n8tn is [ded. It i¥ rny r•¥ppwwility lo.. ex4mln8 lh• und8r seabn 145 c¢the CtsFrfi95 Aa2011 to folbw the wocedures laid h)the gonw81 byts ChComnon uTrJer sectK)n 14S(5llbl o¢the 2011 h to state wlr pwttular rn8tteTr (rnie b my aiientr Basls of Ind•pen(l•)t Examlnf¢s Report An examinatioH Indje$ a rewew ofthe acwuntsTrJ rewwrjs tyth8 Chartty and a Compa0 ofthe accounts pres•nj iewds. k or ith%bJsute5 in the crnunts. and thts se&'ng ofeK)1anatirX from yw as Trtee8 8ry yuch m8ttets The rrtordure n4•rtskgn do not prov4d8 811 th8 whlenc8thalwl b9 rwwwed an 4u¢I ar Vw¥g1ty• coroqu4nty T op¥nn is srven as to whetherthe counts pr888rt a IfU• tha r•r<it iè Imit•d tothos• mèttèri 111 Iho 8fat6m•rn Ilmlwndèfflrt Stathm•ni In with my gxanlr¢tkn. has ¢c•Me k) mythitth." lal e$ m rea$LtIe cisg. to in rnalerial re(wirèments: aeeounTAVJ Tèttsrds Ollho 2011 and fEryurerr1ttY of trE 2011 knL mel ¢x Ibl to in my wirxon, Sh11 bo dr8wn In rdwto •rot4•a w4)or urhJwstndJng nftr cc(xJN8 to r&dEld. 28" 9035 dersoDvRiK8y FCA clwa11 PL15 )aL Page 8
INDIAN QUEENS VICTORY HALL Receipts and Payments Account for the year ended 31 December 2024 2024 2Q23 Total Nolo8 Uftr•8trict&d R•8trWed Total Receipts Hire of Hall and Equwm (&ants and DlJon5 Fundraising, Activiti85 atKI Events Income from Sdar Panels Interest Sundry Recelpts 12,228 418 2.876 1239 1.324 12.238 12,466 2,876 1,239 1,324 12.315 5,715 4.082 1,230 914 Total Receipts 18.099 12.048 30.147 24.256 Payrnents Repairs. maintenence renewals Lighting and heating Water th8rges Insurance Fundraising. Actsvits and Evenis A(Imini51ration expenses Gr8nts and DonÈtions Bank charges 866 5,5SO 3.957 4.029 945 1,574 3.766 1,114 151 72 678 1.603 377 678 1,603 4,149 1.043 3772 71 71 I1,(5 4.638 15,703 15,608 Net of Receipts and Paymwrts for the Year 7,410 14,444 8,648 Trdnsfers LEiween Funds 10 2.875 {2,875) Cash Funds at 1 Jarwary $9,623 4.338 63.961 5S,313 Cash Funds at 31 Decemb•r 69.532 8.873 78,405 63.961 Page 9
INDIAN QUEENS VICTORY HALL Statement of Assets and Liabilities at 31 December 2024 2024 Not&s 2023 Cash Funds Current Acts)unt - Santsnd8r Current Account - Unity Trust Bank DoPOSit kcount - Santander Savings Account - Unrty Trust Bank Cash in Hand 5,491 16,904 16 55,718 276 5,431 13,929 16 44,061 524 As per ReiptS and Payments knount 78,405 63,961 Other Current Assets and Libilities Debiors Receipts in Advan for Hall Hire and Events 928 (936) 1.079 (936) Net Currént knets1{Liabilities) 143 The posrtion of Cuffent Assets and Liabilibes is shown for information only and is not included in the receipts and payments account. The financial statements on pages 9 -13 were approved by the Trustees on the 7R 2025 and signed on IPEir behalf by.. avid Hearl - Chairman of Trustees Brian White - Treasurer Page 10
INDIAN QUEENS VICTORY HALL Notes to the Accounts for the year ended 31 December 2024 1. Basi8 of Accounting a} In accordance with Charity Commisslon Regulations, the Trust is not require¢l lo prepare accounts on Ihe AccN8ls Accounting basis as the Trusys gross income falls below th8 minimum level required. These accounts have therefore been prepared on the ReilS and Payments basis. This methLyJ of reporting takes account of the moveffEnt in cash bala[88 onty and does t include Changes to other t Current asset5 and liability'e8. b) Cash recrived in respect of hall hires, iluding ath¥ans, is recc*3nised as Hall Hire reIpts when Ihe cash is wiv&l. c) Receipts and payments in respect of ccrtnmunity events are reccgnised in the accounts when the c2sh is received or paid. d) Other payments are recognised in the accounts when payment is ma¢ye. e) Grants and donations are recognised in the 8ccounts en received. 2. Debtor8 Debtors refiect amounts owed for Hall HI outstanding at the year end. 3. Receipts in AdvanGe Receipts In Advance refled cash received for Hall Hire and Events in the following financial year. 4. Fundralslngj Activitieg and Events Receipts estrKt 1.286 Payments from Resthcled unreskn.cted 1,580 482 2024 Yoga dasses Self Defence classes Indcor Markets Wreath Making Christmas Film event other events 899 269 294 550 422 2,876 83 377 3,772 2023 4,082 2,118 1648 Page 11
INDIAN QUEENS VICTORY HALL Notes to the Accounts for the year ended 31 Dernber 2024 Continued 5. Assets a) Renewals incl@ experKlitur• t)n equipmeni and rrtthgs of £789 (2023.. £789). The expendtture was primarily for a replaCen PA amplffler ald additional tables. b) Assets held by the Trust are %tyTitten off i) Ihe yw of exwdiiure. 6. Movement In Funds Asal 01.01.24 31.12.24 Unrgstricled Funds General 59.623 69.532 Restslcted Funds Parish Council thnded events Lottery Communlty Fund (1) Lottery Cornmunty Fund (2) Comwall Community FndatIOn (266) 8,873 4.072) 4,535 8,873 4.072 8,873 Total Funds 63.961 14.444 78.405 Net movement In funds illded w) the above wè as folv443: Unrestricted Funds General 18.099 2.B75 Restrided Fund8 Pansh Councll funded event8 Lollery Community (1) Loltery Community FurKI {21 Corrwrall Communty F(datr 600 266 1286) 1,9 (625) 8.873 1.822 (2,250) (4.072) 11.448 12.048 2,875 Total Funds 30.147 15,703 14,444 Page 12
INDIAN QUEENS VICTORY HALL Notes to the Accounts for the year ended 31 December 2024 Continued 7. Admlnlstratton expenses 2024 2023 Telephone & broa(5band Website PRS licence Other 433 173 309 128 1.043 457 173 320 164 1,174 8. Grants and Donatlons The following grants and donations were received.. 2024 Grants.. Cornwall Community Foundation Parish Council Lottery Communty FuThJ (2) 4,980 eJOO 11.448 Donations 735 5,715 12,048 9. Transfern between Funds Grants which are treate¢ as restricted ndS often indude a contribution to administration costs and in some instances. (x)ver for hall hire fees when there are classe5 Qr events involved. The transfers bets*en funds recognises th&8e contributi5 towards hall running costs. 10. Tustees During the year ended 31 December 2024 there ere no transactions with related parties (2023= none). None of the Trustees ceiVed any remuneration for their serViS to the Trust during the year. (2023: Nil). Page 13