Trustees. Annual Report for the period
Period start date
Period end dale
From
Ap
2022 To 31
March
2023
Section A
Reference and administration details
Charity name
ASHWELLTHORPE & FUNDENHALL COMMUNITY CENTRE
Other names charity is known by
THORPE HALL
Registered charity number {if any)
1189935
Charity's principal address MUSKETh DRIVE
ASHWELLTHORPE
NORFOLK
Postcode
NR16 1FD
Names of the charity trustees who manage the charity
Trustse nam¢
Offie• Irf any)
Dates acted rf not for whole
year
Name of per¥on lor body)
entitled to appoint trustee
ifan
James Ethard Milk
Tntstee IFK*m01
Xooi
lan Bishop
TrusieÈ
(Frrm 15 JTh2ml
Dr Dav￿ JeffeFie5
Tru51ee IFr<m IsJTh•2O201
Linda Margaret Mea
Trustee IFrt¥hQi p&hwrthi2(É%)I
Dr Christopher Alkn EaSthL￿1
Chair
(Frw 15kn¢20a)
Eloabelh Esthef Franey
Trustee IFromOI F*MthrV)20
Nicholas Char￿$ Ivatt de Stx)n
Truslee
IFrrTh 15knB2ml
10
Jaqueline Ives
Trustee IFfW iaC*tyw2￿1I
12
13
14
15
16
17
18
19
Names of the trustees for the charity, rf any, (for example, any custodian trustees)
Name
Dates acted if not for whole
ear
TAR
Mard) 2012

Names and addresses of advisers (Optional infomlation
e of adviser
Name
Address
Name of Chief executive or names of senior staff members (Optional infomiation}
Section B
Structure,
overnance and mana
ement
Description of the ¢harity's trusts
CIO - FOUNDATION Registered 15 Jun 2020
Type of governing document
How the charity is constituted
cio
Trustee selection methods
By Appointment
Additional governance issues (Optional infomiationl
You may choose lo include
additional infonnation, where
relevant. about..
THIS CIO ALSO INCORPORATES THE RUNNING OF THE 'OLD
VILLAGE HALL" (OFFICIALLY KNOWN AS"ASHWELLTHORPE
VILLAGE HALL" (CHARITY NO 303891} WHICH WAS CLOSED.
policies and procedures
adopted for the induction and
training of trustees",
the charity's organisational
structure and any wider
network with which the Gharity
works.,
relationship with any re5ated
parties.,
trustees, consideration of
major risks and the system
and procedures to manage
them.
IT WAS OFFICIALLY AMALGAMATED WTH THE CIO ON 03 JUNE
2021.
IT WAS AGREED THAT THE ACCOUNTS OF THE OLD VILLAGE HALL
WHICH HAVE BEEN KEPT SEPARATE FROM 'THORPE HALL. WHERE
SEPARATE BANK ACCOUNTS ARE HELD AND MANAGED BY THE
CIO IN ORDER TO KEEP THE FUNDS SEPARATE AND DISTINCT.
THE OLD VILLAGE HALL WAS MERGED WITH THE CIO AS AGREED
BY THE CHARITY COMMISSION IN APRIL 2021.
THE CIO MANAGED THE OLD VILLAGE HALL FOLLOWING THE
MERGER. THIS IS REFLECTED IN THE ACCOUNTS WHICH ARE KEPT
SEPARATE FROM AN ADMINISTRATIVE PERSPECTIVE.
Section C
ectives and activities
TO FURTHER OR BENEFIT THE RESIDENTS OF THE VILLAGES OF
ASHWELLTHORPE AND FUNDENHALL IN NORFOLK BY
ASSOCIATING TOGETHER THE SAID RESIDENTS AND THE LOCAL
AUTHORITIES, VOLUNTARY AND OTHER ORGANISATIONS IN A
COMMON EFFORT TO ADVANCE EDUCATION AND TO PROVIDE
FACILITIES IN THE INTERESTS OF SOCIAL WELFARE FOR
RECREATION AND LEISURE TIME OCCUPATION.
Summary of the objects of the
charity set out in its
governing document
TAR
IAarch 2012

TH THE OBJECTIVE OF IMPROVING THE CONDITIONS OF LIFE
FOR THE RESIDENTS.
TO ESTABLISH OR SECURE THE ESTABLISHMENT OF A
COMMUNITY CENTRE AND TO MAINTAIN OR MANAGE OR CO-
OPEF14TE WITH ANY STATUTORY AUTHORITY IN THE
MAINTENANCE AND MANAGEMENT OF SUCH A CENTRE FOR
ACTIVITIES PROMOTED BY THE CHARITY.
Summary ofthe main
activities undertaken for the
public benefit in relation to
these objects (include within
this section the statutory
declaration that trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit)
Additional details of objectives and activities (Optional infomiation)
You may choose to include
further statements. where
relevant, about".
policy on grantmaking.,
policy programme related
investment.,
contribution made by
volunteers.
TAR
March 2012

Section D
Achievements and performance
Summary of the main
achievements of the charity
during the year
The TnJsiee5 are still dealin¥ with the iransfer of Thorpe 14all, although. in The main this
has legally completed, we are jus1 ￿allIng for ihe Land Registry to be updated.
Throuohoui rhe }ear the Tru51ees have been applying for Grants thai will be used to
purchase children s play equipment in the coming j'rar.
There are also discussions with th¢ Pwish Council that wÉll allow us to transfer an area
of land io the Parish Council and ihis will be set aside for the children play area and the
TnEs￿e% will work Closely with the Parish Council to ensu￿ this is finalised.
The TrU￿e¢S have slowly adveni5ed Thorpe Hall io local residents, so income is being
generdied for th¢ charity and it is hoped that this will incr¢as¢ in future.
The Trusiees have successfully continued running the -old Village Hall, and thi5 15 still
bein? rented out to a Children's Plajgroup which is also a charity.
TAR
bAarch 2012

Section E
Financial review
Brief statement of the
charity's policy on reserrfes
The Trustees have iried ¢0 build up reserves so that Thorpe Hall can be equipped with
items thai ￿117 help local Tesidenis'users ￿hen the} hire the hall.
The Truslees are also aware that a5 the CIO and OVH are linked charities. we only
submit one sei of accounts io the ChariTh C(Trmmission. however the OVH and its
accounts ha5 been treated land ￿111 be tr¢ai¢dl s¢pardr¢ly as 'r¢stricted funds, in
accordance with the Charity Commission rules.
Details of any funds materially
in deficit
Further financial review details (Optional infonnationl
You may choose lo include
additional information, where
relevant about..
the charity s principal
sources of funds (including
any fundraising).,
how expenditure has
supported the key objectives
of the charity,
investment policy and
objectives including any
ethical investment policy
adopted.
Section F
Other optional information
Section G
Declaration
The trustee3 declare that they have approved the trustees, report above.
Signed on behalf of the charity's trustees
Signature(s)
Full namels)
Position (eg Secrelary. Chair, Trustee
James E Milk
Date
31 January 2024
TAR
Marth 2012

Charity number: 1189935 

## ASHWELLTHORPE & FUNDENHALL COMMUNITY CENTRE 

## UNAUDITED 

## TRUSTEES' REPORT AND FINANCIAL STATEMENTS 

FOR THE YEAR ENDED 31 MARCH 2023 



## ASHWELLTHORPE & FUNDENHALL COMMUNITY CENTRE 

## CONTENTS 

||Page|
|---|---|
|Reference and Administrative Details of the Charity, its Trustees and Advisers|1|
|Trustees' Report|2 - 5|
|Independent Examiner's Report|6 - 7|
|Statement of Financial Activities|8|
|Balance Sheet|9|
|Statement of Cash Flows|10|
|Notes to the Financial Statements|11 - 23|





ASHWELLTHORPE & FUNDENHALL COMMUNITY CENTRE 

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2023 

|Trustees|I Bishop|
|---|---|
||N C I de Spon|
||Dr C A Eastwood (resigned 30 May 2022)|
||E E Franey (resigned 3 October 2022)|
||J Ives|
||Dr D Jefferies|
||L M Mears|
||J E Milk|



## Charity registered number 1189935 

Principal office Muskett Drive Ashwellthorpe Norfolk NR16 1FD Accountants BW Audit Limited Chartered Accountants 54 Thorpe Road Norwich Norfolk NR1 1RY 

Page 1 



## ASHWELLTHORPE & FUNDENHALL COMMUNITY CENTRE 

## TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2023 

The Trustees present their annual report together with the financial statements of the Charity for the year 1 April 2022 to 31 March 2023. The Trustees have adopted the provisions of Accounting and Reporting by Charities; Statement of Recommended Practice applicable to charities preparing their accounts In accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). 

The Charity additionally trades under the name Thorpe Hall. 

This CIO also incorporates the running of the “Old Village Hall” (officially known as “Ashwellthorpe Village Hall” (Charity No. 303891) which was closed and officially amalgamated with the CIO on 3 June 2021. It was agreed that the accounts of the Old Village Hall be kept separate from “Thorpe Hall” and separate bank accounts are held and managed by the CIO in order to keep the funds separate and distinct. 

## Objectives and activities 

## a. Policies and objectives 

The Charity's objects are to further or benefit the residents of the villages of Ashwellthorpe and Fundenhall in Norfolk by associating together the said residents and the local authorities, voluntary and other organisations in a common effort to advance education and to provide facilities in the interests of social welfare for recreation and leisure time occupation with the objective of improving the conditions of life for the residents. 

To establish or secure the establishment of a community centre and to maintain or manage or co-operate with any statutory authority in the maintenance and management of such a centre for activities promoted by the Charity. 

In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'. 

Page 2 



## ASHWELLTHORPE & FUNDENHALL COMMUNITY CENTRE 

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 

Achievements and performance 

## a. Main achievements of the Charity 

The Trustees are still dealing with the transfer of Thorpe Hall, although, in the main this has legally completed, we are just waiting for the Land Registry to be updated. 

Throughout the year the Trustees have applied for Grants that were used to purchase children’s play equipment in the year. 

There were also discussions with the Parish Council that allowed us to transfer an area of land to the Parish Council which was set aside for the children play area and the Trustees will work closely with the Parish Council to ensure this is finalised. 

The Trustees have slowly advertised Thorpe Hall to local residents, so income is being generated for the charity and it is hoped that this will increase in future. 

The Trustees have successfully continued running the ‘Old Village Hall’  and this is still being rented out to a Children’s Playgroup which is also a charity. 

## Financial review 

## a. Going concern 

After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies. 

## b. Reserves policy 

The Trustees continue to try to build up free reserves so that Thorpe Hall can be equipped with items that will help local residents/users when they hire the hall. 

The Trustees are also aware that as the CIO and Old Village Hall are linked charities, only one set of accounts is submitted to the Charity Commission, however the Old Village Hall and its accounts have been treated (and will continue to be treated) separately as 'restricted funds' in accordance with the Charity Commission rules. 

At 31 March 2023 total funds amounted to £870,410 (2022: £29,469).  The charity has unrestricted reserves of £867,145 (2022: £17,943) and restricted reserves of £3,265 (2022: £11,526).  The free reserves of the charity at 31 March 2023 (being the unrestricted current assets less unrestricted current liabilities) amount to £18,567 (2022: £17,943). The aim is to continue to increase the level of free reserves for at least the next couple of years. 

Page 3 



## ASHWELLTHORPE & FUNDENHALL COMMUNITY CENTRE 

## TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 

## c. Financial review 

Total income for the year ended 31 March 2023 was £866,604 compared to £39,747 in the previous year. Included within donations is £840,000 which is the donation of Thorpe Hall to the charity from the Parish Council.  The corresponding asset has been recognised on the balance sheet.  Charitable activity income has increased from £4,246 to £8,726 as the local community begin to use the hall for their activities.  Expenditure has increased from £12,278 in 2022 to £25,663.  Included within charitable expenditure is £16,000 being the transfer of the playground to the Parish Council. 

## Structure, governance and management 

## a. Constitution 

Ashwellthorpe & Fundenhall Community Centre is a registered charity, number 1189935, and is constituted under a Trust deed. 

## b. Methods of appointment or election of Trustees 

The management of the Charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Trust deed. 

## c. Organisational structure and decision-making policies 

The Trustees meet regularly throughout the year. 

## d. Policies adopted for the induction and training of Trustees 

All new Trustees are referred to the Charity Commission Guidance 'The essential trustee: what you need to know, what you need to do' to familiarise themselves with the responsibilities of a Charity Trustee. 

## e. Financial risk management 

The Trustees have assessed the major risks to which the Charity is exposed, in particular those related to the operations and finances of the Charity, and are satisfied that systems and procedures are in place to mitigate exposure to the major risks. 

## Plans for future periods 

We will continue to promote Thorpe Hall within the local community. 

Page 4 



ASHWELLThORPE S FUNDENHALL COMMUNTrI CENTRE
TRUSTEES. REPORT ICONTINUEDI
FOR THEYEAR ENDED 31 MARCH 2023
Slat•ment of Trus1••$' r•$ponsibilili•s
The Trustees are responsible for prèpariny thè TnJstÈès' RÈport and the financial statement5 in accordanc•
with applicable law and United Kingdom Accounting Standards (United Kin9dom Generally Accepted
Atcounling Prarticel.
The law applicable lo charities in England & Wales rèquires the Trustees to prepare financial statement5 lor
•ath financial year which gÉve a true and fair view of Ihe state ol affairs of the Charily and ol its incoming
resources and applicalion of resources, including its incomè and txpenditure. for that period. In prepariny
these financial slalements, the Trusteès arè required to-
sèlect 5Ultable accounting policies and th?n apply them consislenlly,
obsèrve the methods and principles of the Charities SORP IFRS ID21:
make judgmpnls and accounting estimates that are rèasonablè and prudènt..
51ale whelhgr applicabl• UK Accounting Standards IFRS 1021 hav• be•n loUow•d. subject to any material
dopartur95 disclosgd and gxplain•d in thg financial stat•m•nts.'
pr•paro the linancial stalements on the 90iny concern basi5 unless It Is inappropriat• to pr•sum• that
Ihe Charity will continue in bu5ines5.
The Tr¢Jstèes arè responsible lor keeping adequate accounting record5 that are suffFciÈnt to show and explain
the Charitfs Iransadions and disclose with reasonable accuracy at any time the financial position of the
Charity and enable them to ensurè Ihat the financial statement5 comply with the Charities Act 2011, the Charity
(Account5 and Reports) Regulations 21108 and the provisions ol the Trust deed. They are also responsible lor
saleguarding the assets ol the Charity and honc8 lor taking roasonablo steps for Ihe pr•vgnlion and delgction
ol fraud and othor irrogulariti•s.
Approvgd by order of the members of the board ol Trustees and signed on thèir b•hall by.
Mil
Trustee
Date.. 3 1
Pagg 5

## ASHWELLTHORPE & FUNDENHALL COMMUNITY CENTRE 

## INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2023 

Independent Examiner's Report to the Trustees of Ashwellthorpe & Fundenhall Community Centre ('the Charity') 

I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 31 March 2023. 

## Responsibilities and Basis of Report 

As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act'). 

I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. 

## Independent Examiner's Statement 

Since the Charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of Institute of Chartered Accountants in England and Wales, which is one of the listed bodies. 

Your attention is drawn to the fact that the Charity has prepared the accounts in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn. 

I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015. 

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 

1. accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or 

2. the accounts do not accord with those records; or 

3. the accounts do 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. 

Page 6 



## ASHWELLTHORPE & FUNDENHALL COMMUNITY CENTRE 

INDEPENDENT EXAMINER'S REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 

This report is made solely to the Charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Charity's Trustees those matters I am required to state to them in an Independent Examiner's Report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity's Trustees as a body, for my work or for this report. 

Signed: Dated: 31 January 2024 

Joanne Fox BA FCA 

BW Audit Limited Chartered Accountants 54 Thorpe Road Norwich Norfolk NR1 1RY 

Page 7 



## ASHWELLTHORPE & FUNDENHALL COMMUNITY CENTRE 

## STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023 

|Note<br>Income from:<br>Donations and legacies<br>3<br>Charitable activities<br>4<br>Other income<br>5<br>Total income<br>Expenditure on:<br>Charitable activities<br>6<br>Total expenditure<br>Net income<br>Transfers between funds<br>13<br>Net movement in funds<br>Reconciliation of funds:<br>Total funds brought forward<br>Net movement in funds<br>Total funds carried forward|Unrestricted<br>funds<br>2023<br>£<br>845,000<br>6,351<br>-<br>851,351<br>23,320<br>23,320<br>828,031<br>21,171<br>849,202<br>17,943<br>849,202<br>867,145|Restricted<br>funds<br>2023<br>£<br>12,878<br>2,375<br>-<br>15,253<br>2,343<br>2,343<br>12,910<br>(21,171)<br>(8,261)<br>11,526<br>(8,261)<br>3,265|Total<br>funds<br>2023<br>£<br>857,878<br>8,726<br>-<br>866,604<br>25,663<br>25,663<br>840,941<br>-<br>840,941<br>29,469<br>840,941<br>870,410|_Total_<br>_funds_<br>_2022_<br>_£_<br>_35,178_<br>_4,246_<br>_323_<br>_39,747_|
|---|---|---|---|---|
|||||_12,278_<br>_12,278_|
|||||_27,469_<br>_-_<br>_27,469_|
|||||_2,000_<br>_27,469_<br>_29,469_|



The Statement of Financial Activities includes all gains and losses recognised in the year. 

The notes on pages 11 to 23 form part of these financial statements. 

Page 8 



ASHWELLTHORPE & FUNDENHALL COMMUNI￿ CENTrE
BALANCE SHE
AS AT31 MARCH 2023
2023
2022
Nol•
Fixed ass•1s
Tangible assets
10
B48.578
848.578
Current asjels
Debtors
1003
23.643
Cash al bank and in hand
30.859
25,646
30.859
Creditors= amounts laLiing duè wtlhin one
yèar
12
13,814)
(1.390J
N•t ¢urrenl I￿•ts
21.832
29.469
Total a55els less current liabililies
870,410
29,469
Total nel ass•ls
870.410
29,469
Charily funds
Restrict•d funds
13
13
326S
867.145
11,526
17,943
Unrgstricted funds
Total fund5
870.410
29,469
The financial statements were approved and authoris•d lor issu• by th• Trustees and signed on their behalf by=
Mllk
Trustèe
Date..
The notgs on pages 11 to 23 form part ol thesè financial stalements.
Page 9

## ASHWELLTHORPE & FUNDENHALL COMMUNITY CENTRE 

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2023 

2023 _2022_ £ _£_ Cash flows from operating activities Net cash used in operating activities 17,362 _28,859_ Cash flows from investing activities _-_ Purchase of tangible fixed assets (24,578) - Net cash (used in)/provided by investing activities (24,578) Net cash (outflow)/inflow brought forward (7,216) 28,859 - - Net cash provided by financing activities Change in cash and cash equivalents in the year (7,216) 28,859 Cash and cash equivalents at the beginning of the year 30,859 _2,000_ Cash and cash equivalents at the end of the year 23,643 _30,859_ The notes on pages 11 to 23 form part of these financial statements 

Page 10 



ASHWELLTHORPE & FUNDENHALL COMMUNITY CENTRE 

## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 

## 1. General information 

Ashwellthorpe & Fundenhall Community Centre is a charitable incorporated organisation (CIO). 

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. 

## 2. Accounting policies 

## 2.1 Basis of preparation of financial statements 

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011. 

The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn. 

Ashwellthorpe & Fundenhall Community Centre meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy. 

## 2.2 Going concern 

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. The trustees continue to adopt the going concern basis of accounting in preparing the financial statements. 

Page 11 



## ASHWELLTHORPE & FUNDENHALL COMMUNITY CENTRE 

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 

## 2. Accounting policies (continued) 

## 2.3 Income 

All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. 

Grants are included in the Statement of Financial Activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance Sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued. 

Where the the Charity is donated a fixed asset, it is measured at fair value, unless it is impractical to measure this reliably, in which case the cost of the item to the donor should be used. The gain is recognised as income from donations and a corresponding amount is included in the appropriate fixed asset class and depreciated over the useful economic life in accordance with the Charity's accounting policies.. 

Other income is recognised in the period in which it is receivable and to the extent the goods have been provided or on completion of the service. 

## 2.4 Expenditure 

Expenditure is recognised on an accruals basis once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. 

Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs. 

All expenditure is inclusive of irrecoverable VAT. 

## 2.5 Tangible fixed assets and depreciation 

Tangible fixed assets costing £200 or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably. 

Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost. 

Page 12 



ASHWELLTHORPE & FUNDENHALL COMMUNITY CENTRE 

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 

## 2. Accounting policies (continued) 

## 2.5 Tangible fixed assets and depreciation (continued) 

Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives.  Tangible fixed assets are not depreciated in year of acquisition. 

Depreciation is provided on the following basis: 

Freehold property - 4% Straight line Fixtures and fittings - 33% Reducing balance 

## 2.6 Debtors 

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. 

## 2.7 Cash at bank and in hand 

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. 

## 2.8 Liabilities and provisions 

Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. 

Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide. 

## 2.9 Financial instruments 

The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value. 

## 2.10 Fund accounting 

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes. 

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements. 

Page 13 



## ASHWELLTHORPE & FUNDENHALL COMMUNITY CENTRE 

## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 

## 3. Income from donations and legacies 

|Donations<br>Grants|Unrestricted<br>funds<br>2023<br>£<br>845,000<br>-<br>845,000|Restricted<br>funds<br>2023<br>£<br>500<br>12,378<br>12,878|Total<br>funds<br>2023<br>£<br>845,500<br>12,378<br>857,878|
|---|---|---|---|



During the year Thorpe Hall was transferred to the charity from the Parish Council, this has been recognised as a donation. 

|Donations<br>Grants|_Unrestricted_<br>_funds_<br>_2022_<br>_£_<br>_9,000_<br>_8,000_<br>_17,000_|_Restricted_<br>_funds_<br>_2022_<br>_£_<br>_4,851_<br>_13,327_<br>_18,178_|_Total_<br>_funds_<br>_2022_<br>_£_<br>_13,851_<br>_21,327_<br>_35,178_|
|---|---|---|---|



Page 14 



## ASHWELLTHORPE & FUNDENHALL COMMUNITY CENTRE 

## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 

## 4. Income from charitable activities 

|Old Village Hall - hall hire<br>Thorpe Hall - hall hire<br>Old Village Hall - hall hire<br>Thorpe Hall - hall hire<br>5.<br>Other incoming resources<br>Insurance refund|Unrestricted<br>funds<br>2023<br>£<br>-<br>6,351<br>6,351<br>_Unrestricted_<br>_funds_<br>_2022_<br>_£_<br>_-_<br>_2,046_<br>_2,046_|Restricted<br>funds<br>2023<br>£<br>2,375<br>-<br>2,375<br>_Restricted_<br>_funds_<br>_2022_<br>_£_<br>_2,200_<br>_-_<br>_2,200_<br>Total<br>funds<br>2023<br>£<br>-|Total<br>funds<br>2023<br>£<br>2,375<br>6,351<br>8,726|
|---|---|---|---|
||||_Total_<br>_funds_<br>_2022_<br>_£_<br>_2,200_<br>_2,046_<br>_4,246_|
||||_Total_<br>_funds_<br>_2022_<br>_£_<br>_323_|



Page 15 



## ASHWELLTHORPE & FUNDENHALL COMMUNITY CENTRE 

## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 

## 6. Analysis of expenditure on charitable activities 

## Summary by fund type 

|Old Village Hall<br>Thorpe Hall<br>Old Village Hall<br>Thorpe Hall<br>Analysis of expenditure by activities<br>Old Village Hall<br>Thorpe Hall|Unrestricted<br>funds<br>2023<br>£<br>-<br>23,320<br>23,320<br>_Unrestricted_<br>_funds_<br>_2022_<br>_£_<br>_-_<br>_2,703_<br>_2,703_<br>Activities<br>undertaken<br>directly<br>2023<br>£<br>2,343<br>5,820<br>8,163|Restricted<br>funds<br>2023<br>£<br>2,343<br>-<br>2,343<br>_Restricted_<br>_funds_<br>_2022_<br>_£_<br>_4,141_<br>_5,434_<br>_9,575_<br>Support<br>costs<br>2023<br>£<br>-<br>17,500<br>17,500|Total<br>2023<br>£<br>2,343<br>23,320<br>25,663|
|---|---|---|---|
||||_Total_<br>_2022_<br>_£_<br>_4,141_<br>_8,137_<br>_12,278_|
||||Total<br>funds<br>2023<br>£<br>2,343<br>23,320<br>25,663|



## 7. Analysis of expenditure by activities 

Page 16 



## ASHWELLTHORPE & FUNDENHALL COMMUNITY CENTRE 

## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 

## 7. Analysis of expenditure by activities (continued) 

|Old Village Hall<br>Thorpe Hall|_Activities_<br>_undertaken_<br>_directly_<br>_2022_<br>_£_<br>_4,141_<br>_7,147_<br>_11,288_|_Support costs_<br>_2022_<br>_£_<br>_-_<br>_990_<br>_990_|_Total_<br>_funds_<br>_2022_<br>_£_<br>_4,141_<br>_8,137_<br>_12,278_|
|---|---|---|---|



## Analysis of direct costs 

|Repairs and maintenance<br>Cleaning<br>Sundry<br>Website running costs<br>Electricity<br>Insurance<br>Equipment hire<br>Repairs and maintenance<br>Cleaning<br>Sundry|Old Village<br>Hall<br>2023<br>£<br>1,485<br>-<br>-<br>-<br>-<br>858<br>-<br>2,343<br>_Old Village_<br>_Hall_<br>_2022_<br>_£_<br>_4,141_<br>_-_<br>_-_<br>_4,141_|Thorpe Hall<br>2023<br>£<br>1,324<br>1,105<br>90<br>235<br>2,173<br>311<br>582<br>5,820<br>_Thorpe Hall_<br>_2022_<br>_£_<br>_5,637_<br>_487_<br>_1,023_<br>_7,147_|Total<br>funds<br>2023<br>£<br>2,809<br>1,105<br>90<br>235<br>2,173<br>1,169<br>582<br>8,163|
|---|---|---|---|
||||_Total_<br>_funds_<br>_2022_<br>_£_<br>_9,778_<br>_487_<br>_1,023_<br>_11,288_|



Page 17 



## ASHWELLTHORPE & FUNDENHALL COMMUNITY CENTRE 

## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 

## 7. Analysis of expenditure by activities (continued) 

## Analysis of support costs 

|Independent examination fee<br>Transfer of playground|Thorpe Hall<br>2023<br>£<br>1,500<br>16,000<br>17,500|Total<br>funds<br>2023<br>£<br>1,500<br>16,000<br>17,500|_Total_<br>_funds_<br>_2022_<br>_£_<br>_990_<br>_-_<br>_990_|
|---|---|---|---|



## 8. Independent examiner's remuneration 

The independent examiner's remuneration amounts to an independent examiner fee of £1,500 ( _2022_ - _£990_ ). 

## 9. Trustees' remuneration and expenses 

During the year, no Trustees received any remuneration or other benefits _(2022 - £NIL)_ . 

During the year ended 31 March 2023, no Trustee expenses have been incurred _(2022 - £NIL)_ . 

Page 18 



## ASHWELLTHORPE & FUNDENHALL COMMUNITY CENTRE 

|NOTES TO THE FINANCIAL STATEMENTS<br>FOR THE YEAR ENDED 31 MARCH 2023|NOTES TO THE FINANCIAL STATEMENTS<br>FOR THE YEAR ENDED 31 MARCH 2023|||||
|---|---|---|---|---|---|
|10.<br>Tangible fixed assets<br>Cost or valuation<br>Additions<br>Disposals<br>At 31 March 2023<br>Net book value<br>At 31 March 2023<br>_At 31 March 2022_<br>11.<br>Debtors<br>Due within one year<br>Prepayments<br>12.<br>Creditors: Amounts falling due within one yea<br>Accruals|Freehold<br>property<br>£<br>840,000<br>-<br>840,000<br>840,000<br>_-_|Fixtures and<br>fittings<br>£<br>24,578<br>(16,000)<br>8,578<br>8,578<br>_-_<br>2023<br>£<br>2,003<br>2,003<br>2023<br>£<br>3,814|||Total<br>£<br>864,578<br>(16,000)<br>848,578<br>848,578<br>_-_<br>_2022_<br>_£_<br>_-_|
|||||||
|||||||
|||||||
|||||||
||||2,003||_-_|
||||2023<br>£<br>3,814||_2022_<br>_£_<br>_1,390_|



Page 19 



## ASHWELLTHORPE & FUNDENHALL COMMUNITY CENTRE 

## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 

## 13. Statement of funds 

## Statement of funds - current year 

|Unrestricted funds<br>General Funds<br>Restricted funds<br>Old Village Hall<br>Lottery grant<br>Co-op grant<br>Playground<br>Total of funds|Balance at 1<br>April 2022<br>£<br>17,943<br>3,233<br>4,966<br>3,327<br>-<br>11,526<br>29,469|Income<br>£<br>851,351<br>2,375<br>-<br>-<br>12,878<br>15,253<br>866,604|Expenditure<br>£<br>(23,320)<br>(2,343)<br>-<br>-<br>-<br>(2,343)<br>(25,663)|Transfers<br>in/out<br>£<br>21,171<br>-<br>(4,966)<br>(3,327)<br>(12,878)<br>(21,171)<br>-|Balance at 31<br>March 2023<br>£<br>867,145|
|---|---|---|---|---|---|
||||||3,265<br>-<br>-<br>-<br>3,265|
||||||870,410|



Old Village Hall (previously “Ashwellthorpe Village Hall” Charity No. 303891)  was officially amalgamated with the CIO on 3 June 2021. It was agreed that the accounts of the Old Village Hall are held and managed by the CIO and the funds kept  separate and distinct. 

The Lottery grant and the Co-op grant funded work on the audio and video equipment and sound system for the Hall.  The capital work was completed in the year and the grants spent in full. 

Grants and donations were secured for the installation of a new playground.  The capital work was completed in the year and the grants spent in full. 

Page 20 



## ASHWELLTHORPE & FUNDENHALL COMMUNITY CENTRE 

## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 

## 13. Statement of funds (continued) 

Statement of funds - prior year 

|Unrestricted funds<br>General Funds<br>Restricted funds<br>Old Village Hall<br>Lottery grant<br>Co-op grant<br>Total of funds|_Balance at_<br>_1 April 2021_<br>_£_<br>_2,000_<br>_-_<br>_-_<br>_-_<br>_-_<br>_2,000_|_Income_<br>_£_<br>_19,046_<br>_7,374_<br>_10,000_<br>_3,327_<br>_20,701_<br>_39,747_|_Expenditure_<br>_£_<br>_(3,103)_<br>_(4,141)_<br>_(5,034)_<br>_-_<br>_(9,175)_<br>_(12,278)_|_Balance at_<br>_31 March_<br>_2022_<br>_£_<br>_17,943_|
|---|---|---|---|---|
|||||_3,233_<br>_4,966_<br>_3,327_<br>_11,526_|
|||||_29,469_|



14. Analysis of net assets between funds Analysis of net assets between funds - current year 

|Tangible fixed assets<br>Current assets<br>Creditors due within one year<br>Total|Unrestricted<br>funds<br>2023<br>£<br>848,578<br>22,381<br>(3,814)<br>867,145|Restricted<br>funds<br>2023<br>£<br>-<br>3,265<br>-<br>3,265|Total<br>funds<br>2023<br>£<br>848,578<br>25,646<br>(3,814)<br>870,410|
|---|---|---|---|



Page 21 



## ASHWELLTHORPE & FUNDENHALL COMMUNITY CENTRE 

## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 

## 14. Analysis of net assets between funds (continued) 

Analysis of net assets between funds - prior year 

|Current assets<br>Creditors due within one year<br>Total|_Unrestricted_<br>_funds_<br>_2022_<br>_£_<br>_19,333_<br>_(1,390)_<br>_17,943_|_Restricted_<br>_funds_<br>_2022_<br>_£_<br>_11,526_<br>_-_<br>_11,526_|_Total_<br>_funds_<br>_2022_<br>_£_<br>_30,859_<br>_(1,390)_<br>_29,469_|
|---|---|---|---|



15. Reconciliation of net movement in funds to net cash flow from operating activities 

|Net income for the year (as per Statement of Financial Activities)<br>Adjustments for:<br>Transfer of playground to Parish Council<br>Increase in debtors<br>Increase in creditors<br>Donation of capital assets<br>Net cash provided by operating activities<br>16.<br>Analysis of cash and cash equivalents<br>Cash in hand<br>Total cash and cash equivalents|2023<br>£<br>840,941<br>16,000<br>(2,003)<br>2,424<br>(840,000)<br>17,362<br>2023<br>£<br>23,643<br>23,643|_2022_<br>_£_<br>_27,469_|
|---|---|---|
|||_-_<br>_-_<br>_1,390_<br>_-_|
|||_28,859_|
|||_2022_<br>_£_<br>_30,859_|
|||_30,859_|



Page 22 



## ASHWELLTHORPE & FUNDENHALL COMMUNITY CENTRE 

## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 

## 17. Analysis of changes in net debt 

|Cash at bank and in hand|At 1 April<br>2022<br>£<br>30,859<br>30,859|Cash flows<br>£<br>(7,216)<br>(7,216)|At 31 March<br>2023<br>£<br>23,643<br>23,643|
|---|---|---|---|



## 18. Related party transactions 

The Charity has not entered into any related party transaction during the year, nor are there any outstanding balances owing between related parties and the Charity at 31 March 2023. 

Page 23 



Trustees. Annual Report for the period
Period start date
Period end dale
From
Ap
2022 To 31
March
2023
Section A
Reference and administration details
Charity name
ASHWELLTHORPE & FUNDENHALL COMMUNITY CENTRE
Other names charity is known by
THORPE HALL
Registered charity number {if any)
1189935
Charity's principal address MUSKETh DRIVE
ASHWELLTHORPE
NORFOLK
Postcode
NR16 1FD
Names of the charity trustees who manage the charity
Trustse nam¢
Offie• Irf any)
Dates acted rf not for whole
year
Name of per¥on lor body)
entitled to appoint trustee
ifan
James Ethard Milk
Tntstee IFK*m01
Xooi
lan Bishop
TrusieÈ
(Frrm 15 JTh2ml
Dr Dav￿ JeffeFie5
Tru51ee IFr<m IsJTh•2O201
Linda Margaret Mea
Trustee IFrt¥hQi p&hwrthi2(É%)I
Dr Christopher Alkn EaSthL￿1
Chair
(Frw 15kn¢20a)
Eloabelh Esthef Franey
Trustee IFromOI F*MthrV)20
Nicholas Char￿$ Ivatt de Stx)n
Truslee
IFrrTh 15knB2ml
10
Jaqueline Ives
Trustee IFfW iaC*tyw2￿1I
12
13
14
15
16
17
18
19
Names of the trustees for the charity, rf any, (for example, any custodian trustees)
Name
Dates acted if not for whole
ear
TAR
Mard) 2012

Names and addresses of advisers (Optional infomlation
e of adviser
Name
Address
Name of Chief executive or names of senior staff members (Optional infomiation}
Section B
Structure,
overnance and mana
ement
Description of the ¢harity's trusts
CIO - FOUNDATION Registered 15 Jun 2020
Type of governing document
How the charity is constituted
cio
Trustee selection methods
By Appointment
Additional governance issues (Optional infomiationl
You may choose lo include
additional infonnation, where
relevant. about..
THIS CIO ALSO INCORPORATES THE RUNNING OF THE 'OLD
VILLAGE HALL" (OFFICIALLY KNOWN AS"ASHWELLTHORPE
VILLAGE HALL" (CHARITY NO 303891} WHICH WAS CLOSED.
policies and procedures
adopted for the induction and
training of trustees",
the charity's organisational
structure and any wider
network with which the Gharity
works.,
relationship with any re5ated
parties.,
trustees, consideration of
major risks and the system
and procedures to manage
them.
IT WAS OFFICIALLY AMALGAMATED WTH THE CIO ON 03 JUNE
2021.
IT WAS AGREED THAT THE ACCOUNTS OF THE OLD VILLAGE HALL
WHICH HAVE BEEN KEPT SEPARATE FROM 'THORPE HALL. WHERE
SEPARATE BANK ACCOUNTS ARE HELD AND MANAGED BY THE
CIO IN ORDER TO KEEP THE FUNDS SEPARATE AND DISTINCT.
THE OLD VILLAGE HALL WAS MERGED WITH THE CIO AS AGREED
BY THE CHARITY COMMISSION IN APRIL 2021.
THE CIO MANAGED THE OLD VILLAGE HALL FOLLOWING THE
MERGER. THIS IS REFLECTED IN THE ACCOUNTS WHICH ARE KEPT
SEPARATE FROM AN ADMINISTRATIVE PERSPECTIVE.
Section C
ectives and activities
TO FURTHER OR BENEFIT THE RESIDENTS OF THE VILLAGES OF
ASHWELLTHORPE AND FUNDENHALL IN NORFOLK BY
ASSOCIATING TOGETHER THE SAID RESIDENTS AND THE LOCAL
AUTHORITIES, VOLUNTARY AND OTHER ORGANISATIONS IN A
COMMON EFFORT TO ADVANCE EDUCATION AND TO PROVIDE
FACILITIES IN THE INTERESTS OF SOCIAL WELFARE FOR
RECREATION AND LEISURE TIME OCCUPATION.
Summary of the objects of the
charity set out in its
governing document
TAR
IAarch 2012

TH THE OBJECTIVE OF IMPROVING THE CONDITIONS OF LIFE
FOR THE RESIDENTS.
TO ESTABLISH OR SECURE THE ESTABLISHMENT OF A
COMMUNITY CENTRE AND TO MAINTAIN OR MANAGE OR CO-
OPEF14TE WITH ANY STATUTORY AUTHORITY IN THE
MAINTENANCE AND MANAGEMENT OF SUCH A CENTRE FOR
ACTIVITIES PROMOTED BY THE CHARITY.
Summary ofthe main
activities undertaken for the
public benefit in relation to
these objects (include within
this section the statutory
declaration that trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit)
Additional details of objectives and activities (Optional infomiation)
You may choose to include
further statements. where
relevant, about".
policy on grantmaking.,
policy programme related
investment.,
contribution made by
volunteers.
TAR
March 2012

Section D
Achievements and performance
Summary of the main
achievements of the charity
during the year
The TnJsiee5 are still dealin¥ with the iransfer of Thorpe 14all, although. in The main this
has legally completed, we are jus1 ￿allIng for ihe Land Registry to be updated.
Throuohoui rhe }ear the Tru51ees have been applying for Grants thai will be used to
purchase children s play equipment in the coming j'rar.
There are also discussions with th¢ Pwish Council that wÉll allow us to transfer an area
of land io the Parish Council and ihis will be set aside for the children play area and the
TnEs￿e% will work Closely with the Parish Council to ensu￿ this is finalised.
The TrU￿e¢S have slowly adveni5ed Thorpe Hall io local residents, so income is being
generdied for th¢ charity and it is hoped that this will incr¢as¢ in future.
The Trusiees have successfully continued running the -old Village Hall, and thi5 15 still
bein? rented out to a Children's Plajgroup which is also a charity.
TAR
bAarch 2012

Section E
Financial review
Brief statement of the
charity's policy on reserrfes
The Trustees have iried ¢0 build up reserves so that Thorpe Hall can be equipped with
items thai ￿117 help local Tesidenis'users ￿hen the} hire the hall.
The Truslees are also aware that a5 the CIO and OVH are linked charities. we only
submit one sei of accounts io the ChariTh C(Trmmission. however the OVH and its
accounts ha5 been treated land ￿111 be tr¢ai¢dl s¢pardr¢ly as 'r¢stricted funds, in
accordance with the Charity Commission rules.
Details of any funds materially
in deficit
Further financial review details (Optional infonnationl
You may choose lo include
additional information, where
relevant about..
the charity s principal
sources of funds (including
any fundraising).,
how expenditure has
supported the key objectives
of the charity,
investment policy and
objectives including any
ethical investment policy
adopted.
Section F
Other optional information
Section G
Declaration
The trustee3 declare that they have approved the trustees, report above.
Signed on behalf of the charity's trustees
Signature(s)
Full namels)
Position (eg Secrelary. Chair, Trustee
James E Milk
Date
31 January 2024
TAR
Marth 2012