Charity number: 1189935
ASHWELLTHORPE & FUNDENHALL COMMUNITY CENTRE
UNAUDITED
TRUSTEES' REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
ASHWELLTHORPE & FUNDENHALL COMMUNITY CENTRE
CONTENTS
| Page | |
|---|---|
| Reference and Administrative Details of the Charity, its Trustees and Advisers | 1 |
| Trustees' Report | 2 - 5 |
| Chairman's Statement | 6 |
| Statement of Financial Activities | 7 |
| Balance Sheet | 8 |
| Notes to the Financial Statements | 9 - 20 |
ASHWELLTHORPE & FUNDENHALL COMMUNITY CENTRE
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2024
| Trustees | I Bishop |
|---|---|
| N C I de Spon | |
| J Ives (resigned 1 February 2024) | |
| R A Jackson (appointed 5 June 2024) | |
| Dr D Jefferies | |
| W D Mclean (appointed 2 May 2024) | |
| L M Mears | |
| J E Milk |
Charity registered number 1189935
Principal office Muskett Road Ashwellthorpe Norfolk NR16 1FD Accountants BW Audit Limited Chartered Accountants Berry & Warren 54 Thorpe Road Norwich NR1 1RY
Page 1
ASHWELLTHORPE & FUNDENHALL COMMUNITY CENTRE
TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2024
The Trustees present their annual report together with the financial statements of the Charity for the year 1 April 2023 to 31 March 2024. 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 2024
Achievements and performance
a. Main achievements of the Charity
The Trustees have continued to advertise Thorpe Hall to local residents, so income is being generated for the Charity and it is hoped that this will increase in future. The Hall has been used for a variety of purposes from indoor sports to a venue to host parties.
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 2024 total funds amounted to £830,908 (2023: £870,410). The Charity has unrestricted reserves of £826,826 (2023: £867,145) and restricted reserves of £4,082 (2023: £3,265). The free reserves of the Charity at 31 March 2024 (being the unrestricted current assets less unrestricted current liabilities) amount to £14,679 (2023: £18,567). The aim is to increase the level of free reserves for at least the next couple of years.
c. Financial review
Total income for the year ended 31 March 2024 was £14,899 compared to £866,604 in the previous year. Included within donations for the previous year 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 and depreciated accordingly. Charitable activity income has increased from £8,726 to £9,415. Expenditure has increased from £25,663 in 2023 to £54,401 of which £36,431 is depreciation. Included within charitable expenditure for the previous year is £16,000 being the transfer of the playground to the Parish Council.
Page 3
ASHWELLTHORPE & FUNDENHALL COMMUNITY CENTRE
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024
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. 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.
d. 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.
Statement of Trustees' responsibilities
The Trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial which give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles of the Charities SORP (FRS 102);
-
make judgments and accounting estimates that are reasonable and prudent;
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state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Page 4
ASHWELLTHORPE S FVNDENHALL COMMUNITY CENTrE TrUSTEES' REPORT (CoNuED) FOR THE YUR ENDED 31 MARCH 2024 Approved by order of the members of the board of Tru5tee5 and Sbynèd on their behalf by.. Mllk Trustee Date.. Page 5
ASHWELLTHORPE & FUNDENHALL COMMUNITY CENTRE
CHARTERED ACCOUNTANT'S REPORT TO THE TRUSTEES OF ASHWELLTHORPE & FUNDENHALL COMMUNITY CENTRE FOR THE YEAR ENDED 31 MARCH 2024
In order to assist you to fulfil your duties under the Charities Act 2011, we have prepared for your approval the financial statements of Ashwellthorpe & Fundenhall Community Centre for the year ended 31 March 2024 which comprise the Statement of financial activities, the Balance sheet and the related notes from the accounting records and from information and explanations you have given to us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at https://icaew.com/regulation.
This report is made solely to the Trustees, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Ashwellthorpe & Fundenhall Community Centre and state those matters that we have agreed to state to the Trustees, as a body, in this report in accordance with ICAEW Technical release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Ashwellthorpe & Fundenhall Community Centre and its Trustees, as a body, for our work or for this report.
It is your duty to ensure that Ashwellthorpe & Fundenhall Community Centre has kept adequate accounting records and to prepare financial statements that give a true and fair view of the assets, liabilities, financial position and net resources expended of Ashwellthorpe & Fundenhall Community Centre. You consider that Ashwellthorpe & Fundenhall Community Centre is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or review of the financial statements of Ashwellthorpe & Fundenhall Community Centre. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
................................................ BW Audit Ltd Chartered Accountants 54 Thorpe Road Norwich NR1 1RY Date: 30 January 2025
Page 6
ASHWELLTHORPE & FUNDENHALL COMMUNITY CENTRE
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024
| Note Income from: Donations and legacies 3 Charitable activities 4 Other income 5 Total income Expenditure on: Charitable activities 6 Total expenditure Net movement in funds Reconciliation of funds: Total funds brought forward Net movement in funds Total funds carried forward |
Unrestricted funds 2024 £ 5,332 7,165 102 12,599 52,918 52,918 (40,319) 867,145 (40,319) 826,826 |
Restricted funds 2024 £ - 2,250 50 2,300 1,483 1,483 817 3,265 817 4,082 |
Total funds 2024 £ 5,332 9,415 152 14,899 54,401 54,401 (39,502) 870,410 (39,502) 830,908 |
Total funds 2023 £ 857,878 8,726 - 866,604 |
|---|---|---|---|---|
| 25,663 25,663 |
||||
| 840,941 | ||||
| 29,469 840,941 870,410 |
The Statement of Financial Activities includes all gains and losses recognised in the year.
The notes on pages 9 to 20 form part of these financial statements.
Page 7
ASHWELLThORPE & FUNDENHALL COMMUNifi CEpifRE BALANCE SHEEr AS AT31 MARCH 2024 2024 2023 Not• Flxed •¥sets Tangible a55et5 848.578 811147 Curr•nt •sMI• Debtors Cash at bank and In hand 10 2.131 20.041 ZLKt3 23.643 21172 25.646 Cr•ditors'. amounls falling du• withln on• year .4111 f3.814) N•t curr•nl ••ul• 18.761 21,832 Tot•1 ••¥•t• l••• curr•nl U•blUII 830.908 870,410 Tot•1 n•1 830,108 870,410 Ch•rSly lund• Restri¢led funds Unre51ricted lunds 12 4.082 826,826 3,265 867.145 12 Tot•1 lunds 83D,*OI 870,410 Th• financial stat•m•nts w•r• approved and authorised for issue by the Tru51ees and signed on their behalf by.. Milk Trustee Dalo.. 30 '.k>- kz The notes on pages 9 to 20 lorm part of these finanual statement Page 8
ASHWELLTHORPE & FUNDENHALL COMMUNITY CENTRE
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
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 9
ASHWELLTHORPE & FUNDENHALL COMMUNITY CENTRE
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
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 10
ASHWELLTHORPE & FUNDENHALL COMMUNITY CENTRE
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
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 11
ASHWELLTHORPE & FUNDENHALL COMMUNITY CENTRE
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
3. Income from donations and legacies
| Unrestricted | Restricted | Total | |
|---|---|---|---|
| funds | funds | funds | |
| 2024 | 2024 | 2024 | |
| £ | £ | £ | |
| Donations | 5,332 | - | 5,332 |
In the prior year Thorpe Hall was transferred to the charity from the Parish Council. This was recognised as a donation.
| Donations Grants |
Unrestricted funds 2023 £ 845,000 - 845,000 |
Restricted funds 2023 £ 500 12,378 12,878 |
Total funds 2023 £ 845,500 12,378 857,878 |
|---|---|---|---|
Page 12
ASHWELLTHORPE & FUNDENHALL COMMUNITY CENTRE
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
4. Income from charitable activities
| Old Village Hall - hall hire Thorpe Hall - hall hire Old Village Hall - hall hire Thorpe Hall - hall hire 5. Other incoming resources Unrestricted funds 2024 £ Other income 102 |
Unrestricted funds 2024 £ - 7,165 7,165 Unrestricted funds 2023 £ - 6,351 6,351 Restricted funds 2024 £ 50 |
Restricted funds 2024 £ 2,250 - 2,250 Restricted funds 2023 £ 2,375 - 2,375 Total funds 2024 £ 152 |
Total funds 2024 £ 2,250 7,165 9,415 |
|---|---|---|---|
| Total funds 2023 £ 2,375 6,351 8,726 |
|||
| Total funds 2023 £ - |
Page 13
ASHWELLTHORPE & FUNDENHALL COMMUNITY CENTRE
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
6. Analysis of expenditure on charitable activities
Summary by fund type
| Old Village Hall Thorpe Hall Old Village Hall Thorpe Hall 7. Analysis of expenditure by activities Old Village Hall Thorpe Hall |
Unrestricted funds 2024 £ - 52,918 52,918 Unrestricted funds 2023 £ - 23,320 23,320 Activities undertaken directly 2024 £ 1,483 51,323 52,806 |
Restricted funds 2024 £ 1,483 - 1,483 Restricted funds 2023 £ 2,343 - 2,343 Support costs 2024 £ - 1,595 1,595 |
Total 2024 £ 1,483 52,918 54,401 |
|---|---|---|---|
| Total 2023 £ 2,343 23,320 25,663 |
|||
| Total funds 2024 £ 1,483 52,918 54,401 |
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ASHWELLTHORPE & FUNDENHALL COMMUNITY CENTRE
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
7. Analysis of expenditure by activities (continued)
| Old Village Hall Thorpe Hall |
Activities undertaken directly 2023 £ 2,343 5,820 8,163 |
Support costs 2023 £ - 17,500 17,500 |
Total funds 2023 £ 2,343 23,320 25,663 |
|---|---|---|---|
Analysis of direct costs
| Depreciation Repairs and maintenance Cleaning Sundry Website running costs Electricity Insurance Equipment hire |
Old Village Hall 2024 £ - 512 - - - - 971 - 1,483 |
Thorpe Hall 2024 £ 36,431 3,968 2,646 969 510 3,883 2,334 582 51,323 |
Total funds 2024 £ 36,431 4,480 2,646 969 510 3,883 3,305 582 52,806 |
|---|---|---|---|
Page 15
ASHWELLTHORPE & FUNDENHALL COMMUNITY CENTRE
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
7. Analysis of expenditure by activities (continued)
Analysis of direct costs (continued)
| Repairs and maintenance Cleaning Sundry Website running costs Electricity Insurance Equipment hire |
Old Village Hall 2023 £ 1,485 - - - - 858 - 2,343 |
Thorpe Hall 2023 £ 1,324 1,105 90 235 2,173 311 582 5,820 |
Total funds 2023 £ 2,809 1,105 90 235 2,173 1,169 582 8,163 |
|---|---|---|---|
Analysis of support costs
| Independent examination fee Accountancy fee Legal and professional fees Transfer of playground |
Thorpe Hall 2024 £ - 690 905 - 1,595 |
Total funds 2024 £ - 690 905 - 1,595 |
Total funds 2023 £ 1,500 - - 16,000 17,500 |
|---|---|---|---|
8. Trustees' remuneration and expenses
During the year, no Trustees received any remuneration or other benefits (2023 - £NIL) .
During the year ended 31 March 2024, no Trustee expenses have been incurred (2023 - £NIL) .
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ASHWELLTHORPE & FUNDENHALL COMMUNITY CENTRE
| NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 |
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 |
|||
|---|---|---|---|---|
| 9. Tangible fixed assets Cost or valuation At 1 April 2023 At 31 March 2024 Depreciation Charge for the year At 31 March 2024 Net book value At 31 March 2024 At 31 March 2023 10. Debtors Due within one year Prepayments 11. Creditors: Amounts falling due within one yea Accruals |
Freehold property £ 840,000 840,000 33,600 33,600 806,400 840,000 |
Fixtures and fittings £ 8,578 8,578 2,831 2,831 5,747 8,578 2024 £ 2,131 2,131 2024 £ 3,411 |
Total £ 848,578 848,578 36,431 36,431 812,147 848,578 2023 £ 2,003 2,003 2023 £ 3,814 |
|
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ASHWELLTHORPE & FUNDENHALL COMMUNITY CENTRE
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
12. Statement of funds
Statement of funds - current year
| Unrestricted funds General Funds Restricted funds Old Village Hall Total of funds |
Balance at 1 April 2023 £ 867,145 3,265 870,410 |
Income £ 12,599 2,300 14,899 |
Expenditure £ (52,918) (1,483) (54,401) |
Balance at 31 March 2024 £ 826,826 |
|---|---|---|---|---|
| 4,082 | ||||
| 830,908 |
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 in the prior year funded work on the audio and video equipment and sound system for the Hall. The capital work was completed in the prior 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 prior year and the grants spent in full.
Page 18
ASHWELLTHORPE & FUNDENHALL COMMUNITY CENTRE
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
12. Statement of funds (continued)
Statement of funds - prior year
| Unrestricted funds General Funds Restricted funds Old Village Hall Lottery grant Co-op grant Playground Total of funds |
Balance at 1 April 2022 £ 17,943 3,233 4,966 3,327 - 11,526 29,469 |
Income £ 851,351 2,375 - - 12,878 15,253 866,604 |
Expenditure £ (23,320) (2,343) - - - (2,343) (25,663) |
Transfers in/out £ 21,171 - (4,966) (3,327) (12,878) (21,171) - |
Balance at 31 March 2023 £ 867,145 |
|---|---|---|---|---|---|
| 3,265 - - - 3,265 |
|||||
| 870,410 |
- Analysis of net assets between funds Analysis of net assets between funds - current period
| Tangible fixed assets Current assets Creditors due within one year Total |
Unrestricted funds 2024 £ 812,147 18,090 (3,411) 826,826 |
Restricted funds 2024 £ - 4,082 - 4,082 |
Total funds 2024 £ 812,147 22,172 (3,411) 830,908 |
|---|---|---|---|
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ASHWELLTHORPE & FUNDENHALL COMMUNITY CENTRE
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
13. Analysis of net assets between funds (continued)
Analysis of net assets between funds - prior period
| Tangible fixed assets Current assets Creditors due within one year Total |
Unrestricted funds 2023 £ 848,578 22,381 (3,814) 867,145 |
Restricted funds 2023 £ - 3,265 - 3,265 |
Total funds 2023 £ 848,578 25,646 (3,814) 870,410 |
|---|---|---|---|
14. 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 2024.
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