Wlxford Vllla8e Hall Charlty No. 1188301 Trustees. Rewrt and Unaudlted A(Cnts 31 De¢kniber 20Z3
Wlxford VIlla Hall Contents Pages 2to3 Trustees, Annual Report Independent Examlner's Report Statement of Flnancial Actiwties Balance Sheet Statement of Cash flows 14 Notss to the Accounts 7t013 Detailed Statement of Finandal Actfvities 15to16 Page I
Wixford Vlllaie Hall Trustees Annual Re The trustees present thelr report with the unaudited financial ststements of the charity for the year ended 31 December 2023. REFERENCE AND ADMINisfRAnVE DAl Chality No. 1188301 Prlnclpal Offke Main Road WixFord Alcester Wanvick5hire B49 6DA Trustees The followln8 trustees served during the year.. LJ. Ballard S.A Ballard J. Caln J. Drinkwater S.M. Wincent Accountants Peter Hannaford Accountancy Serylces Ltd 1556 Stratford Road Hall Green Blrmln8ham B28 9HA Bankers Uoyds Bank Stratford Road Alcester Warwlckshire B49 SAX Sollcltors Lodders Solicltors LLP NumberTen Elm Court Arden Street Stratford upon Avon Warwickshire CV37 6PA OBJEcnvES AND AcnvmES The purpose of the charity as Set out in tts goveming document is the provrsion and maintenance of a lIage hall for the use of the inhabitants of the Parish of wrd and surrounding area. Page 2
Wlxford VMla8e Ham Trustees Annual Report The maln activtties are entertalnmènt for thlktren ar adults. ¢at#?al and vocatlonal traintng facilltles, Ite5ure time 1vItIeS and fundratslng e¥en The tharity trustees are responslble for preparins a tru5tees' annual report and financial Statements In attOrdan wlth apptscable law and Urtted Klftgdom knuntin8 StaTrd¥ds (United Kingd¢)m Generallv Accepted A¢wunting Prkdicel. The trv5tees are Ye¥51b}e for keeping proper accourrtln8 record5 that di5dose with reasonable accurary at any time the financial p051tion of the charity and to enable them to su that the finanaal statements comply wlth the tha¥f(les 2011. the applltable Charits IAttounts and Reports) Regulations, and the provisions ¢rfthe Tyustdeed. The Tntstee5 are 4150 responslble for safe8uardln¥ the assets of the charfty and hence taklng reasonabte steps forthp Fyeventlon •rd dettttion of hud and other irre8ularstbeS. Slllned C behalf of the charrtvs tntstees J. Caln 25 October 2024 Page 3
Wijrford Willage Hall Independent Examiner5 Report Independent Examlnerfs Reportto the Irus¢ees of Wlxford Vlllage Hall I report to the trustees on my examination of the financial ststeTnents of Wlxford Wllage Hall for the year ended 31 December 2023. Re5pon51bilities and basis of report As the charity's trustees you are responsible forthe preparation of the financial Statements In accordance with the requirements of the Chartties Act 2011 Ilhe Aci,). I reFrt in respect of my exarnlnation of the charws finandal ststements carried out undef section 145 of the 2011 Art and in carrying out my examination I have fdlowed all the applicable Directions given by the Charity Commission under section 14515llbl of the Independent examlnerfs Statement As the tharlty's gross income exceeded £250.m) your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirni that l am qualified to undertske the examination by being a quallfied member of The Institute of Financial Accountarrts. I have completed my examlnatoon. I can confirni that no material matters have come to my attention in connertion with the examination bTving me cause to believe that In ary material respect: the accounting records were not kept in respert of the charty as required by section 130 of the Act; or the financial sLitements do not accord with those records; or the financial statements do not Comply wtth the applicable requirements concerning the form and content of financial statemerrts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the financial ststements 8ive a 'true and fair, view which is not a matter considered as part of an independent examination. I have no concems and have come across no other matters in connection with the examination to whith attention should be drawn in this report In order to enable a proper under5tandinB of the financial ststements to be reached. Peterj Hannaford The InstttLrte of Financial Accountsnts Peter Hannaford Accourrtancy SeN1$ Ltd 1556 Stratford Road Hall Green Bimiingham 828 9HA 25 October 2024 Page 4
Wixford Villay Hall Statemeffl of Flnancial Arthltles forthe year ended 31 ljffember 2023 fvnds 2023 fvnds Total funds Totsl funds 2023 2023 2022 Notes Income and endowments from: Oonation5 and legades Charitable actiNities Other 394.862 395,710 26,141 1,859 2.693 1,428 1,428 Total 2.276 394,862 397,138 30,693 Expendlturn on: Raising funds Other 594 425 594 1.026 7.425 185.689 186,114 Total 1.019 185,689 186,708 8.451 Net gains on Investments N•t Income 1.257 209.173 210,430 22,242 Transfers between funds Net Income before other galnsl{105ses) 1.257 209.173 210.430 22,242 other galn5 and losses Net movement In funds 1,257 209.173 210.430 22.242 Reconcili*ion of funds: Total funds brought forward 53,868 s3,K) 107,768 85,526 Total funds rrIed forwa 55.125 263.073 318.198 107,768 Page 5
Wknlord vniay Hall Balance Sheet at 31 December 2023 Charlty No. 1188301 Ftxed a$5Èts T#nOble assets i.rx)o i.c(Jo Cash at bank and In hand 317,199 317,199 li} 317.198 106.769 1(6.769 CredltoN' Amountfalll due ¥Athln <e Net current assets 106,768 107,768 Totsl assets less current Il•blHUes 318.198 Net assets excludhw pension xset (Y labllty 318.198 107.768 318.198 107.768 The fvnds ofth dArfty Restrlrtd fuNIs Restricted Incomefund5 li 263.073 263.073 533C(I s3.9j Unrestrfrted furnjs General funds 58125 53A68 55.125 53.868 li Totsl lunds 318.198 lQ7,766 Approved by the trustees on 25 0rt1kn 2024 And ned on their behall . J. Cain Trustee 25 October 2024 P38e 6
Wlxford Vlllaie Hall Notes to the Accounts for the year ended 31 December 2023 l AccouThtlnq polldes Basi5 of preparation The financial statements have been prepared in accordance with Ststement of Recommended Practice.. Accountln8 and Reporting by Charfties preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic if Ireland IFRS 1021 issued on 16 July 2014 and the Financial Reporting Standard applicable In the United Kingdom and Republic of Ireland IFRS 1021 and the Charities Art 2011. Change In basts of accounty or to prevknts accounts There has been no dwnge to the accounting w)lioes (valuation rule5 and method of accounting) since last year and no changes have been made to accounts for prewous years. Fund accounting Unrestritted funds These are ardilable for use at the discretion of the trustee5 in furtherance of the general objects of the charsty. These are unrestrirted funds eamarked by the trustees ft>r partlcular purposes. These are unrestricted fvnds whKh indude a revaluation reseNe representing the reststement of investment assets at their market values. These are availèble for use subject to restrictions imposed by the donor or through term5 of an appeal. Designated funds Revaluation funds Restricted funds Incorne Recognition of income Income is induded in the StstÈment of Finanaal Activities ISOFAI when the charity becomes entitled to. and Virtual rtain to receive. the income and the omount of the income can be measured with sufficient reliability. Income wtth related Where income has related expenditure the income and related expenditure is expenditure rewted gross in the SOF Donations and legacies Voluntsry income received by way of grants. donatlons and grfts is included in the the SOFA when reCÈdble and On when the Charity has unconditional entitlement to the income. Tax reclaims on Income from tax reclaims is induded In the SOFA at the same time a5 the donations and gifts gift/donation to which it relate5. Donated services These are only induded in income IwÉth an equivalent amount in expenditure) and facilrties where the benefrt to the Charity is rea50nabfy quantthable, measurable and material. Volunteer help The value of any volunteer help received Is t included in the accounts. Investment income This is included in the accounts when receNable. Gainslllossesl on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Galns/lkissesl on Investment aets This Includes any gain or loss on the sale of investments. Page 7
Wixfard Village Hall Notes to the A¢counts Expenditure Recognition of expenditure Expenditure is recognised on an accruals basis. Expendlture includes any VAT which cannot be fully recovered. and is reported as part of the expenditure to which it relates. Expenditure on These comprise the costs assouated with attractin8 voluntary income. fundraising ralslng funds trading costs and Investment management costs. Expenditure on These comprise the costs incurred by the Chartty in the delivery of its activities and charitsble activities services in the furtherance of tts objects, including the making of 8rarrts and governance costs. All grant expendtture is accounted for on an artual paid basts plus an accrual for grants that have been approved bythe trustees at the end of the year but not yet paid. These include those wsts a5cIated with meetln8 the constrtutional and statutory requirements of the Charity. includin8 any audivindependent examination fees. costs linked to the strategic management of the Charity. together with a share of other administration costs. Other expenditure These are support costs not allocated to a particular actlvlty. Grants payable Govemance costs Taxallon The tharity is exempt from tax on its charitsble activrties. Tanzlble fixed assets and depreclatlon Depreciation is provided at the following annual rates in order to wrtte off each a55et over its estimated useful Ilfe: Freehold property Nil% Strdl8ht Llne Freehold Investment property Investment properties are measured initially at cost and subsequentfy at fair Wdlue at each balance sheet date and are not depreuated. All gains or losses are taken to the Statement of Financial ArtNlties as they arise. Stocks Stock is induded at the lowerof cost or net realisable value. Donated ttems of stock are recognised at falr value which is the amount the tharity would have been willing to payforthe items on the open market. Trade and other debtors Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trdde discounts due. Cash and cash equl¥alerbts Cash and cash equivalents comprise cash at bank and on hand, demand deposits wtth banks and other short-term highly liquid investments wtth oriynal maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows. cash and cash equivalents are shovffl net of bank overdrafts that are repayable on demand and fonn an integrdl part of the companvs cash management. Pa8e 8
Wlxford Vllla8e Ha Notes to the Accounts Trade and other creditors Short term creditors are measured * the transaction price. Other credttors and provislons are recognised where the charity has a present obligation resulting from a past event that wlll probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisi0r are nomially recognised at their settlement amount after allowing for any trade discourts due. ReSe4h and devel¢Jpment Expenditure on research and development is written off in the year in whith it is incuThed. Forelin currendes Monetary assets and liabilities denominated in currenaes other than the funttional currency of the charity are translated at the rates of exchange prevailing atthe end of the reporting period. Transactions in turrencles other than the functional currenty of the charlty are recorded at the rate of exchange on the date that the transaction occurred. All exchange differences are are tsken into account in arriving at net incomelexpenditure. Leased assets Where the charity errters into a lease which entsils taknng substantially all the rlsks and rewards of ownership of an asset. the lease is treated as a finance lease. Leases which do not transFer substantially all the risks and rewards of ownership to chartty are classified as operating leases. Assets held under finance leases are Initial recognised as assets of the charity at their fairvalue at the inception of the lease or. if lower. at the present value of the minimum lease payments. The corresponding liability to the lessor is induded in the balance sheet date as a finance lease obligation. Lease payments are apportioned beeen fInafi eypenses and reduction of the lease obligation 50 as to achleve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised irnmediately. unless they are direcdy attn"butable to qualifying assets, in whlch case they are capitalised in accordance with the chartty's policy on borrowing costs. Assets held under finance leases are depreciated in the same way as owned assets. Operating lease payments are recognised as an expense on a strdight-line basis over the lease term. In the event that lease incentives are received to errter into operating leases. such incentives are recognised as a liability. The aggregate benefrt of incenthes is recognised as a reductlon of rental expense on a straight-line basls. Pension costs The charity operates a defined contribution plan for its employees. A defined contribLrtion plan Is pension plan under which the charrty pays fixed contributions into a separate entity. Once the contributions have been paid the chartty has no further payments obligation5. The contributions are recognised as expenses when they fall due. Arnounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the charity in independently administered funds. Recelpt of donated 8ood& fadlltles and 5er¥ke5 All donated goods, facilitles and serwces received are recognised wtthin incoming resources and expenditure at an estimate of the value to the charity. Page 9
Wlxford Vllla8e Hall Notes to the Accounts 2 Statement of Financial Actrvitles- prlor year funds funds Tt)tsl funds 2022 2022 2022 Inmme •nd endowments from: Donations and legacies Charitable activtties Other 143 1.859 2.693 26.1 26.143 1,859 2,693 Total 4,695 26.(KlO 30.695 Expendlture on: Raislng funds Other 1.026 2.325 1.026 7.425 s,1¢ Total 3.351 5.liX) 8,451 Net Income 1.344 20,900 22.244 Net intome before other gainslllossesl Othergalns and losses: Net movernent In funds L344 20,900 22,244 20.9)0 22,244 Reconciliation of funds: Total funds brought forward Totsl funds carTled forward 52.526 33.0 85.526 53.870 53,900 107.770 3 Income from donatlons and le8aciES Total 2023 T¢)tsl 2022 Post code Lottery Wafwickshire Freemasons General Donations SonA DC UKShared Prosperity SonA OC Community Infrastructure Levy Fund Dept Levelling Housing & Communities 24,998 143 20.IJM) 20.11 175.(KX) 175.fXKI I7962 179,862 The Throckmorton Charity 20.1 394.862 20,000 395.710 26,141 Page 10
Wlxford Willage Hall Notss to the Accounts 4 Income from tharltsble athllles Total Totsl 2022 2023 Sale of Merchandise 50150 Raffle Ticket sales 1,711 1,859 5 Other inwne UnrestrlLled Total 2023 Totsl 2022 Grant Covid 19 2,667 12 National Grbd Wayleave Bank Interest Received 12 12 1,416 1.428 1.416 1.428 14 2,693 6 Expendlture on ralslng funds Unrestrfrted Totsl Total 2022 2023 Fundralslng tmdinq costs 50150 Raffle ficket prlzes $94 594 1,026 1.026 $94 594 7 Other expendlture Totsl Totsl 2023 2022 Wlxford Hall redevelopment expenditure Premises costs 185.689 185,689 5,100 56 56 241 General administrative costs 329 329 Legal and professional costs 425 185.689 186,114 7.425 No employee received emoluments in excess of £60.1. Page 11
Wthrd Vlllage Hall Notes to the Pxcounts 9 Tanglble flxed assets Cost or révalu*ion At l January 2023 At 31 December 2023 1,000 1,000 Net book values At 31 Decernber 2023 At 31 December 2022 10 Crediti)rs: amounts falling due wlthin one year 1,000 Accruals 11 Movement In fvnds Incomlni At31 Resources e¥pended {Indudl December 2023 At ljanu 2023 pIle$) Re5trlcted lund5: Re5trirted income funds: Regenerate Wixford Village Hall 53.9(Xl 394.862 1185.6891 263.073 Total 53.9tx> 394.862 {185.6891 263,073 Unrestrlcted funds: General funds 53.868 2,276 11.0191 55,125 Total funds 107.768 397,138 1186.7081 318,198 Purposes and restrictions in relation to the funds: Restricted funds: Regenerate Wxford Village Rebuild Wtxford Willage Hall Hall 12 Analysis of net assets between fufids UnreStrIrt Restrlcted fvnds funds Total Fixed assets I,OLKJ 317,198 318,198 Net current assets 317.198 317,198 Page 12
Wixford Willage Hall Notes to the At¢ounts 13 Reconuliation of net debt At31 Atl)anuary 2023 Cash fl¢)ws December 2023 Cash and cash equlvalents 106,769 106.769 210,430 210,430 317.199 317.199 Net debt 106.769 210,430 317,199 Page 13
Wlxford Village Hall Statement of Cash Il¢)ws for the year ended 31 December 2023 2023 Cash flows from operating artivities Net Income per Ststsment ot Rnancial Artl¥ltles 210.430 Adjustments for. Dividends. interest and rents from investments {1,4281 {2,6931 Net cash pro¥lded by/lused knl operatlry actmtles 209,IX)2 {2.6931 Cash flows from Investlng a¢ll¥llle5 Diwdends. interest and rents from investments 1.428 2,693 Net ush from Investlng artl¥ltl 1.428 2,693 Net Cash from financiTh¥ activities Net Increase In $h and ¢ash equlvalents 210.430 Cash and $h equl¥alents at the beglnniry of the ar 106.769 84,526 Cash and cash equlwdlents at the efid of the year 317.199 84,526 Components of cash and (ash equl¥aknts Cash and bank balances 317.199 106.769 317.199 106.769 Page 14
Wlxford Vlllage Hall Detailed Statement of Financlal A¢tl¥Slles lor the ye4r ended 31 DKember 1023 dfunds 2023 funds Totsl fvnd$ 2023 2023 Total funds 2022 Income and endovfflients fn>m: Donations and legacies Post code Lottery Warwickshlre Freemasons General Donatlons SonA DC UK Shared Prosperity SonA OC Community Infrastructure Levy Fund Dept Levelling Housing & Communitie5 The Throckmorton Charity 24,998 847 143 20.(LKI 20.0 175.(ThXI 175.{Ml 179,862 179.862 20,ThXI 394,862 20.LK)O 395.710 26.141 Charitable activities Sale of Merchandise 50150 Raffle ficket sales 1,711 1,859 Other Grant Covid 19 National Grid Wayleave Bank Interest Received 2,667 12 12 12 1.416 1.428 1,416 1,428 397.138 14 2.693 Total Income and end{PTrts 2.276 394,862 30.693 Expenditure on: Costs of othertrading activities 50150 Raffle Ticket prizes 594 594 594 1,026 1,026 594 Totsl of expendlture on ralsln8 funds 594 594 1,026 Other expenditure Wixford Hall redevelopment expenditure 185.689 185.689 5,ICKI 185,689 185,689 5,ICI) Premises costs Rates Llght. heat and power 88 153 56 56 241 General administrative costs. including depreciation and amortisation Page 15
Wixford Vlllage Hall Detailed Slatement of Flnandal Acil Equipment expensed General insurances Sothvare. IT support and related Costs Sundry expenses 1,728 169 174 174 155 155 167 20 329 329 Legal and professional costs Other legal and professional Costs Total of expendlture of other costs Total expenditure Net galns on Investments 425 185.689 186.114 7,425 1,019 185.689 186.708 8,451 Net Income 1.257 209,173 210.430 22,242 Net Income before other alnsllloss*s) Other Galns 1.257 209.173 210.430 22,242 Net movement In funds 1,257 209,173 210.430 22,242 ReIlIatIon of funds: Totsl funds brought forward 53.868 53.900 107.768 85,526 Total funds carrkd forward 55,125 263,073 318.198 107,768 Page 16