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 De￿mber 2024 Contents Page Annual Report Legal and administrative inf0mla￿n 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 charl￿bla Inccrfporated Organisallon {CIO) - number 1187709, and was first registered on the 3nJ February 2020. Prgviousty, the H811 w8s managed unopr an unincDrKX)ra￿j 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 c￿lmIttee 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 CharIts￿e 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 ￿n￿r￿ 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 Manageffl￿t 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 A0￿nts 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 preVI￿S 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 Workst￿P5, Coff88 momlngs and Band PfBcaic8s. as wall a$ rewlar priwotg birthday partios. Fund- faising elForts included another Éu¢c888fvI Comody EvenKw •vènt and seveTAI Ind￿r 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 prOV￿U81Y alw4ted for this now be used to replace most of the extemal dooTB and many of ikntèm81 thor5 duTtr￿ 2￿24. Continuèd grant SUPPOrt Trom tho LIAtèry and thè Comwal CcrfTKNftty F￿ndalIon 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 st￿lId see the uj￿ent 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)0￿r￿j5 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 Year￿nd 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 ￿$h balances at Ihe year-end In￿de £93612023: £936) in re8￿ct of future hall h￿e. The Charity 1$ In a S￿r1d ffinancial position wlth the cash balarKe w￿L￿11r￿J a Free Reservg of £10.000 and a specific Propaty r*ted res8v49 of £40,000. Ackno￿edg8M9nts The anticipated oxpendiiuro on a repLacement main hall )loor during 2024 Ivas not necessary as thè ftoorng and fftiing was very kindty d￿ated 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 C￿99n1$Ing the Com Evening. Heathei Head for deanw the Hall Jamie Gill and Trevor Cran8 for Ihe maintBnanc• vth. Pemy Tippett for organisng the Irthjr Markets. David Heal Chairman ?r¥21 Page 7 INDIAN QUEENS VICTORY HALL Charity No. 1187709 Independent Examiner3, Rèport To the Trusiees of Irtdlan Queens Vktory Hall Twsl I rewrt ￿ the aGWL¥rt> ofthp Ch¥thy fLY 31 2024 8rg sot oul (ffi pag08 9 to 13. R•8￿ClIVe r•spong*+Mili¢s ol Tno*¢9 h)d¢penkni Exanwner Th* charily￿ Truthes arv [TAp￿LIe fut the ofthe BtxxNwts. T1￿ Charity'¥ Tw3lee¥ GDnsidei Ihat an 8udit not req￿r￿j f(¥th$ year ￿m)erSect￿ 144(21 d thecbathjes kt2011 and that an IndeF*¥Jent èxarn1n8t￿n is [￿ded. It i¥ rny r•¥ppww*ility lo.. ex4mln8 lh• und8r seabn 145 c¢the CtsFrfi95 Aa2011 to folbw the wocedures laid h)the gonw81 byts Ch*Comn￿￿on uTrJer sectK)n 14S(5llbl o¢the 2011 h to state w**l￿r pwttular rn8tteTr (rnie b my aiientr Basls of Ind•pen(l•)t Examlnf¢s Report An examinatioH Ind￿je$ a rewew ofthe acwuntsTrJ rewwrjs tyth8 Chartty and a Compa￿0￿ ofthe accounts pres•n￿j iewds. k or ith%bJsute5 in the crnunts. and thts se&￿'ng ofeK)1anatirX￿ from yw as Tr￿tee8 8ry yuch m8ttets The rrtor*dure n4•rtskgn do not prov4d8 811 th8 whlenc8thalw￿l b9 rwwwed an 4u¢I ar￿ Vw¥g1ty• cor*oqu4nty T op¥n￿n is srven as to whetherthe ￿counts pr888rt a IfU• tha r•r