ANNUAL REPORTS AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2022
SHALFORD VILLAGE HALL (SURREY)
(Charitable Incorporated Organisation)
CHARITY REGISTRATION No: 1190571
Castle View Accounting Ltd New Barn Mudberry Lane Bosham Chichester West Sussex PO18 8TS
SHALFORD VILLAGE HALL (SURREY)
(Charitable Incorporated Organisation)
CONTENTS
Page 3 Legal and Administrative Information Page 4 Independent Examiners Report to the Trustees Page 5 to 6 Trustees' Report Page 7 Statement of Financial Activities Page 8 Balance Sheet Pages 9 to 17 Notes to the Financial Statements
SHALFORD VILLAGE HALL (SURREY)
(Charitable Incorporated Organisation)
LEGAL AND ADMINISTRATIVE INFORMATION
CHARITY NUMBER 1190571 DATE OF REGISTRATION 27th July 2020 START OF FINANCIAL YEAR 1st April 2021 END OF FINANCIAL YEAR 31st March 2022 TRUSTEES AS AT 31ST MARCH 2022 Anne Cooper – Chair Lesley Davies – Vice-Chair Alan Midgley Sarah Singleton Frank Ago Charles Meade-King Sheila Hastings- Rose Alex Thomson Neil Johnson John Trevail Richard Bowman David Semple Brian Hawtin Rosemary Skeffington Stephanie Holliday Edith Mary Bowman Julia Brough
The existing trustees appoint any new trustees following the provisions laid out in the organisation's governing instrument.
LEGAL STATUS Charitable Incorporated Organisation
GOVERNING INSTRUMENT CIO - Foundation Registered 27th July 2020 CORRESPONDENCE ADDRESS Shalford Village Hall Kings Road Shalford Guildford Surrey GU4 8BQ PRIMARY BANKERS CAF Bank Ltd 25 Kings Hill Avenue Kings Hill West Malling Kent ME19 4JQ INDEPENDENT EXAMINERS Castle View Accounting Ltd New Barn Mudberry Lane Bosham Chichester West Sussex PO18 8TS
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SHALFORD VILLAGE HALL {SURREY) IChartlatAe I1rKrated Organisationl INDEPENDENT EXAMINER'S REPORT ON THE ACCOUNTS R8POrt to the twsteesl members ol Shalford Vilkge Hall (Surreyl th) actounts f¢x the year ended 31st rth 2022 set out UTI 7 ¢v 17. R••pKtlv• r•W0nwIll$ oltrus1••s and •x•mk The charty's trust8es afe r8SFtle for the wep3ratKJn of th8 xxx)unts. ¢hanty'$ trLtees (xywder thai an audit is rK)t required for thM year under ge)n 144 01 the ChorrtieJ Act 2011( char85 Actl aThJ that an indwdant 8xarn1nat)n needed. Is my regponbility 10.. examine the 8ccounls under section 145 of tha charrf to folbw the procedures down Irs Ihe 9ener81 Dirwins by Ch•rdy Commis•ionlund•r sert¥)n 1495llbl of th8 Chariti85 Act. and to stste wnetngr partKUL8r mo¢¢er8 ha¥e cwio my allentn Ba¥h of Ind•p•nd•nt •xamlnge• •tst•m•nt My examination wa5 carr out in dlr•cikyffj by tho Chlnty COMMOn. An •x8minattin n¢ludè& B rovtgw of the accounting recordB kept ty the chanty and a coffpfiri8en ol thg acfits we$8ni¢d wlth those records. h a150 includes coderat of any unwo1 rtem$ or dwA)wres in the arKI gking •xplanation$ from the tru$teo$ nMINg any su¢h matters. The prrK8dur uTrJertaken do nol pro¥ Ihe gwd8nce that woul¢ be rwuired In an ouait, ano con8equenTty no onIOn * given as tho atctyjrts we58ni a Yu8 ana ralr. ¥18w and the repjrt Is Iimrt8( to thoJ8 mattgrs Bot out in statent t4bw. Ind•p•rthnt •Mmin•¢• •tsf•m•nt In conneGkn my ex8ftnll0n, no mattor hts ¢tyr to my attent which give$ me reasona? cause to b•li•v• Ihai in. any malerial resptei. the requirern8nts'. to keep acccunling records in accorda? %wth Son 130 of the Ch8ri1i8s AU.. and to prepore acnIS acc aCCfJJnithg reccas &ThJ CL¥IIKty Wllh x£4Mirj requir•m•nN N Ino Charrtie$ kt hove nol been rnot: or to whth. In my nknn. attenkn bg In to 8 propw ur*oNllr4J ol thg lo bg r•ach•d. K. tlIk MAAT cast V18w ACnti[Va Ltd Ne¥v Barn Mudb8rry L8n• Bosham Ch¢hester West Su8sex P018 8TS January 2023
SHALFORD VILLAGE HALL (SURREY)
(Charitable Incorporated Organisation)
TRUSTEES' REPORT FOR THE YEAR ENDED 31ST MARCH 2022
Aims and Objectives - Shalford Village Hall (Surrey) is a registered charity which converted from an unincorporated association to a Charitable Incorporated Organisation (CIO) in August 2020. The aims and objectives of the CIO are to provide a village hall and other facilities for the use of the inhabitants of Shalford and the neighbourhood for meetings, educational purposes and other forms of recreational and leisure time occupation, including sports, arts, culture and community development.
Organisational Structure - The CIO constitution states that the members of the CIO are the charity trustees and the only persons eligible to be members of the CIO are its trustees. There must be a minimum of 9 trustees but no maximum is set. A resolution agreed by the trustees provides for a Management Committee to run the charity. The Management Committee is comprised of the trustees. The Management Committee has designated, within defined parameters, certain responsibilities for the day to day running of Shalford Village Hall to a General Purposes Committee.
Review of Activities -The Village Hall was open to hirers from 1 April 2021, as government guidance allowed; but the return to normal conditions post-Covid was gradual and a number of regular hirers did not return until September 2021. The negative impact on income was cushioned by generous grants from Guildford Borough Council.
Since 2004, the relationships with Shalford Tennis Club and Shalford Bowling Club have been regulated through Occupational Licences. However following legal advice , the trustees agreed to replace the licences with leases; a lease is also being prepared for the Parish Council.
The Hall continues to provide a popular and attractive venue for local clubs, organisations and events and the trustees look forward to continued recovery and growth post-Covid.
Public Benefit
The trustees have considered the guidance provided by the Charity Commission in connection with public benefit and its application to the charity.
Financial Information - In the accounts, Shalford Village Hall land is shown at a valuation of £100,000 and the remaining fixed assets – buildings, contents and the tennis and bowls infrastructure- are included at a depreciated value of £996,921 The net current assets were £101,787, and the resulting total net assets were £1,097,708.
Overall, after charging depreciation on the buildings and contents of £10,234, there was net gain of £8,438. Income for the period amounted to £87,633 which includes a grant of £ 24,030 from Guildford Borough Council.
Expenditure of £79,196, included £25,065 on repairs and maintenance. This level of expenditure is likely to increase in future years, as the physical standards of the ageing halls and other facilities need to be improved.
Restricted Funds - Shalford Village Outdoor Bowling Club has the responsibility to make provision for the maintenance and eventual replacement of the artificial Bowling Green and has been donating to a fund which, up to now, has been used for major maintenance of the green. However, the Bowling Club has decided that further repair is uneconomic and that the artificial green should be replaced. The current fund of £9,891 will be put towards the cost of the new bowling green, together with other Bowling Club funds. The remainder of the cost will be met through fund raising by the Bowling Club, and by donation of £20,000 from Village Hall funds, by the trustees. The work is expected to be carried out in 2022.
Reserves - These are required by the trustees as a necessary cushion to cover significant future planned and unexpected expenses of the Shalford Village Hall. The Management Committee has decided that unrestricted reserves should be at least £50,000 and this level has been maintained, despite a slow return to pre-Covid hiring levels. Going forward this level will continue through maximising lettings, through fee increases as necessary and through close control of expenditure. The trustees will also explore the opportunities for grant funding to support certain projects.
Major Risks - The trustees have considered the matter of risks and there appears to be no risk of any major significance. The Village Hall maintains an insurance policy, which covers all normal risks such as fire, flood, theft and also appropriate public liability cover.
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SHALFORD VILLAGE HALL ISURREY) (Charitable Irrporated 0nJanisati(I TRUSTEES. REPORT IMntlnu•dl FOR THE YEAR ENDEO 31ST MARCH 2022 Tru8te88 The trustees at 31 March 2022 werg.. Ann8 Cooper- Chalr Lesley Oavi8s- VCha Alan Midg Sarah SingletThi Frank Ago Charles Mead&Kin9 n•ia Ha&ting$- Tru•t•• R•pr•••thtlng Loul Org•nWlon&' Alex Thomson- Shattord Badminton Club Ndl John8on- Shalford Outdoor Bo¥Aing Club John Trwail. Shlftyd TMni$ Club Richard Bwnan. Shalford, ChiN)rth ¥nd P•M Garden Cl Diwd Semple- Shfilford Parish Cauntyl BrSon H8%4tin- Arts Sodety Guikllord Wey Valloy Rosemary Skeffiryton- Arts $iety Shafford Stephanie Holliday- Shamord ALrtumn Club Edith Mary 8o¥¥mon- Shèllord Paro¢hl•l CIIwLi CwrK Jull8 Brough- Shaword Brge Club Th8 tru$t8es 8re reSpOnb prep•ring Rep)rt of th• tho fi81 Itatem8nt8 in accordon¢e 4¢ applicabb low and the Unrtod Kwknn Stwdwds IUrnt•d Kiwsxn Gvally optsJ Acc11 Pract GAAPI. The Law I•t10 to Ch•rit in ¥rJ W•kn. th• Chwits 2011. Chwity IAcwJnl6 anLI Rewltsl Ro9aOnI and the pro¥i•KJrw ol Ihty Oovmithw C.1•1 iwuirw4 11 IrwtevJ io yepw• finanuai #TAtnty lor e81 fin¢1&1 y8#r %•fil¢ givg a true a1 f8ir vlew of the 818¢t of all'rn of the ctsrty of the irKe4nlng ¥ewJrc85 and application gf resou¢$. clvding the incorrfft and expendtturo ol t eh•rity for t1 pwKJ. In wep8rlty thw firw•ty•l 4t•twi¢nt¥, the tru0t ore requirod lo." ¢)è8erw the methods a1 priwpth in th8 Chanty SORP, moke jydgements aThJ es¢ifnales that are reaw•ble prepare the financ41 8t¢mwts It bwsfy urkn * kn Irwpropri•te to w•8um• that th• eharity will Itinue to OP8rate. The trustee$ 8r• re¥51b18 for keeplng pmper occ4)urning rectyth reasonab a¢¢w81¥ Ot any time th8 rInancl wjsition of th¢ ¢h8rty 8nd to enable them to efisu th81 thè finprO 8latem8nts comply wlth the Charities Act 2011. the Charity IAccrAsnts 8nd Repr1 Regulatt5 th8 prov)n9 of the Govemirvj Ewirrtsnt. They are a0 raswnsible for 6af&guarding 86Bets of tho charty and tuv4 reaab 8tep8 for the wver%tKJn Bnd dÈtgclion of traud wnd oth•r Irrnwl8fiti•ts. AppYov8d by the Tnte88 W............... Slgned onthdr bohoK by TW$................. Print8d N9.. vlfv. k£ CGC)P
SHALFORD VILLAGE HALL (SURREY)
(Charitable Incorporated Organisation)
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31ST MARCH 2022
| Notes INCOME AND ENDOWMENTS FROM: Donations, Grants & Legacies 3a Charitable Activities 3b Investment Income 3c Other Income 3d TOTAL INCOME EXPENDITURE ON: Charitable Activities 4a Governance Costs 4b TOTAL EXPENDITURE NET INCOME/(EXPENDITURE) Total Funds Brought Forward Transfer of Funds 18 TOTAL FUNDS CARRIED FORWARD |
Unrestricted Designated Restricted TOTAL TOTAL Fund Fund Fund 2021/22 2020/21 £ £ £ £ £ 24,030 - - 24,030 10,193 63,592 - - 63,592 10,987 12 - - 12 5 - - - - 120 87,633 - - 87,633 21,305 64,055 10,234 - 74,289 41,843 4,906 - - 4,906 5,438 68,962 10,234 - 79,196 47,281 18,672 (10,234) - 8,438 (25,976) 72,226 1,007,155 9,889 1,089,270 - - - - - 1,115,246 90,898 996,921 9,889 1,097,708 1,089,270 |
|---|---|
Movements on all reserves and all recognised gains and losses are shown above. All of the organisation's operations are classed as continuing.
The notes on pages 9 to 17 form part of these financial statements.
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SHALFORD VILLAGE HALL (SURREY) eALAPICE SHEET AS AT 31ST klARCH 2022 FLThJ Furnj 9l.Mw-22 31.Mar-21 Tangl As8•ts 996321 6.921 1,007.155 Curr•nt Asf•ts C8sh at Bankand in Harx1 08btor5 & PrwYffnts lo874 7A91 88288 7,491 106.47• 116.J65 93.888 Cr•diiorr. 15.579 15.579 11,773 11)J.787 82,115 TOTALAsseTSlw currtht 890 9K921 •J8• 1.097,70J 1.009370 10 1,097.701 1.089.270 Fr01th•ch•r1lY Goner•l Fun(ts Dowat•d FUN •098 996,921 9.889 72228 1,CrfJ7,155 9,889 6.921 Trt•l FWKIS 90.098 99QV 1.007,71MI 1.089,270 signed Ortr1 beh•W tyTFU¥W...............
SHALFORD VILLAGE HALL (SURREY)
(Charitable Incorporated Organisation)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2022
1. ACCOUNTING POLICIES
Basis of Preparation & Assessment of Going Concern
Basis of Preparation
The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2015) - (Charities SORP - FRS102) and the Charities Act 2011.
The Charity meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost unless otherwise stated in the relevant accounting policy notes.
Assessment of Going Concern
Preparation of the accounts is on a going concern basis. The trustees consider that there are no material uncertainties about the Charity’s ability to continue as a going concern.
Incoming Resources
Recognition of Incoming Resources
These are included in the Statement of Financial Activities (SOFA) when:
▪ the charity becomes entitled to the resources;
- the trustees are virtually certain they will receive the resources; and
▪ the monetary value can be measured with sufficient reliability
Incoming Resources with Related Expenditure
Where incoming resources have related expenditure (as with fundraising or contract income) the incoming resource and related expenditure are reported gross in the SOFA.
Grants and Donations
Grants and Donations are only included in the SOFA when the charity has unconditional entitlement to the resources.
Tax Reclaims on Donations and Gifts
Incoming resources from tax reclaims are included in the SOFA at the same time as the gift to which they relate.
Contractual Income and Performance Related Grants
This is only included in the SOFA once the related goods or services has been delivered.
Gifts in Kind
Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised. Gifts in kind for sale or distribution are included in the accounts as gifts only when sold or distributed by the charity. Gifts in kind for use by the charity are included in the SOFA as incoming resources when receivable.
Donated Services and Facilities
These are only included in incoming resources (with an equivalent amount in resources expended) where the benefit to the charity is reasonably quantifiable, measurable and material. The value placed on these resources is the estimated value to the charity of the service or facility received.
Volunteer Help
The value of any voluntary help received is not included in the accounts.
Investment Income
This is included in the accounts when receivable.
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SHALFORD VILLAGE HALL (SURREY)
(Charitable Incorporated Organisation)
NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 31ST MARCH 2022
1. ACCOUNTING POLICIES (continued)
Expenditure and Liabilities
Liability Recognition
Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources.
Governance Costs
Include costs of the preparation and examination of statutory accounts, the costs of the trustees meetings and cost of any legal advice to trustees on governance or constitutional matters.
Unrestricted Funds
These funds can be used for the general objectives of the charity as set out in the trustees report. The movements of the unrestricted funds are given in the Statement of Financial Activities.
Restricted Funds
These funds are where the donor has specified a purpose for the donation made. These restrictions often arise as a result of the regular appeals for special offerings.
Designated Funds
These funds are funds set aside by the trustees out of unrestricted general funds for specific purposes or projects.
Fixed Assets
Fixed Assets are capitalised if they can be used for more than one year and cost at least £1,500. They are valued at cost or, if gifted, at the value to the charity on receipt.
Land & Buildings
Land and Buildings have been valued and included within the accounts at cost value as at the 26th August 2020 in accordance with FRS102 - Previous Valuation Deemed Cost
Valuation of Land and Building
The Land & Buildings have been assigned to the Charity by Vesting Declaration Dated 26th August 2020. The Land and Buildings have been included in the accounts at market value as at the 26th August 2020 and are included in the accounts in accordance with FRS102 - Previous Valuation Deemed Cost.
Specified Trust Property
The freehold property known as Shalford Village Hall, was held in Trust by Shalford Parish Council as Custodian Trustees which was registered at HM Land Registry with title numbers S Y294371 and SY553364. The Specified Trust Property was transferred to the Charity by Title Absolute on the 19th November 2020 and held by Shalford Village Hall (Surrey) and is held under Title Numbers SY294391 & SY553364.
Amortisation Expense
No amortisation is charged to the Land, Tennis Courts and the Bowling Green as it is considered the residual value will not be less than cost.
Depreciation Expense
Depreciation is calculated at a rate to write off the cost of tangible fixed assets over their estimated useful lives. The rates applied per annum are as follows:
Land & Buildings General Equipment
1% - Straight Line Basis
10% - Straight Line Basis
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SHALFORD VILLAGE HALL (SURREY)
(Charitable Incorporated Organisation)
NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 31ST MARCH 2022
2. TANGIBLE FIXED ASSETS
| Cost 01-Apr-21 Additions Cost at 31-Mar-22 Depreciation 01-Apr-21 Charge Depreciation at 31-Mar-22 Net Book Value 31-Mar-22 Net Book Value 31-Mar-21 |
Tennis Bowling General TOTAL Land Buildings Courts Green Equipment 2021/22 £ £ £ £ £ £ 100,000 876,323 25,000 122,077 35,552 1,158,952 - - - - - - 100,000 876,323 25,000 122,077 35,552 1,158,952 - 116,245 - - 35,552 151,797 - 10,234 - - - 10,234 - 126,479 - - 35,552 162,031 100,000 749,844 25,000 122,077 - 996,921 100,000 760,078 25,000 122,077 - 1,007,155 |
|---|---|
The annual commitments under non-cancelling operating leases and capital commitments are as follows: 31st March 2022 : None
31st March 2021 : None
Valuation of Land and Building
The Land & Buildings have been assigned to the Charity by Vesting Declaration Dated 26th August 2020. The Land and Buildings have been included in the accounts at market value as at the 26th August 2020 and are included in the accounts in accordance with FRS102 - Previous Valuation Deemed Cost.
Specified Trust Property
The freehold property known as Shalford Village Hall, was held in Trust by Shalford Parish Council as Custodian Trustees which was registered at HM Land Registry with title numbers S Y294371 and SY553364. The Specified Trust Property was transferred to the Charity by Title Absolute on the 19th November 2020 and held by Shalford Village Hall (Surrey) and is held under Title Numbers SY294391 & SY553364.
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SHALFORD VILLAGE HALL (SURREY)
(Charitable Incorporated Organisation)
NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 31ST MARCH 2022
3. INCOME AND ENDOWMENTS
| Notes a) Donations, Grants & Legacies Grants Received b) Charitable Activities Hall Bookings Shalford Bowling Green Shalford Tennis Club Courts c) Investment Income Bank Interest d) Other Income Sundry Income |
Unrestricted Designated Restricted TOTAL TOTAL Fund Fund Fund 2021/22 2020/21 £ £ £ £ £ 24,030 - - 24,030 10,193 24,030 - - 24,030 10,193 57,485 - - 57,485 8,203 4,115 - - 4,115 792 1,992 - - 1,992 1,992 63,592 - - 63,592 10,987 12 - - 12 5 12 - - 12 5 - - - - 120 - - - - 120 |
|---|---|
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SHALFORD VILLAGE HALL (SURREY)
(Charitable Incorporated Organisation)
NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 31ST MARCH 2022
4. EXPENDITURE ON:
| Notes a) Charitable Activities Administrative Costs Bank Charges Caretaking Costs Cleaning Costs Depreciation Expenses 5 Insurance Costs Office Costs Property Rates Repairs & Maintenance Running Costs Sundry Expenses Utility Costs b) Governance Costs Independent Examiner's Fee 9 Legal & Professional Fees |
Unrestricted Designated Restricted TOTAL TOTAL Fund Fund Fund 2021/22 2020/21 £ £ £ £ £ 3,791 - - 3,791 1,827 70 - - 70 44 14,114 - - 14,114 7,150 1,440 - - 1,440 216 - 10,234 - 10,234 8,111 2,965 - - 2,965 2,854 2,362 - - 2,362 1,038 420 - - 420 - 25,065 - - 25,065 15,510 6,288 - - 6,288 1,514 121 - - 121 - 7,417 - - 7,417 3,579 64,055 10,234 - 74,289 41,843 750 - - 750 700 4,156 - - 4,156 4,738 4,906 - - 4,906 5,438 |
|---|---|
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SHALFORD VILLAGE HALL (SURREY)
(Charitable Incorporated Organisation)
NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 31ST MARCH 2022
5. DESIGNATED FUNDS
CURRENT FINANCIAL PERIOD
| Capital Fund PREVIOUS FINANCIAL PERIOD Capital Fund |
Balance Balance 01-Apr-21 Income Expenditure Transfers 31-Mar-22 £ £ £ £ £ 1,007,155 - 10,234 - 996,921 1,007,155 - 10,234 - 996,921 Balance Balance 27-Jul-20 Income Expenditure Transfers 31-Mar-21 £ £ £ £ £ - - 8,111 1,015,266 1,007,155 - - 8,111 1,015,266 1,007,155 |
|---|---|
The designated funds held are represented by the CIO's fixed asset investments.
6. RESTRICTED FUNDS
CURRENT FINANCIAL PERIOD
| Bowls Club PREVIOUS FINANCIAL PERIOD Bowls Club |
Balance Balance 01-Apr-21 Income Expenditure Transfers 31-Mar-22 £ £ £ £ £ 9,889 - - - 9,889 9,889 - - - 9,889 Balance Balance 27-Jul-20 Income Expenditure Transfers 31-Mar-21 £ £ £ £ £ - - - 9,889 9,889 - - - 9,889 9,889 |
|---|---|
The restricted funds held are wholly represented by the CIO's cash reserves.
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SHALFORD VILLAGE HALL (SURREY)
(Charitable Incorporated Organisation)
NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 31ST MARCH 2022
7. CASH AT BANK AND IN HAND
| Cash at Bank and in Hand | Unrestricted Designated Restricted Total Total Fund Fund Fund 31-Mar-22 31-Mar-21 £ £ £ £ £ 98,985 - 9,889 108,874 88,268 98,985 - 9,889 108,874 88,268 |
|---|---|
8. DEBTORS AND PREPAYMENTS
| Prepayments Sundry Debtors |
Unrestricted Designated Restricted Total Total Fund Fund Fund 31-Mar-22 31-Mar-21 £ £ £ £ £ 4,253 - - 4,253 3,233 3,239 - - 3,239 2,387 7,491 - - 7,491 5,620 |
|---|---|
9. CREDITORS ACCRUALS AND DEFERRED INCOME: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Independent Examiner's Fee Sundry Creditors |
Unrestricted Designated Restricted Total Total Fund Fund Fund 31-Mar-22 31-Mar-21 £ £ £ £ £ 750 - - 750 1,350 14,829 - - 14,829 10,423 15,579 - - 15,579 11,773 |
|---|---|
10. CREDITORS: AMOUNTS FALLING DUE IN MORE THAN ONE YEAR
The CIO held no long term liabilities during this or the previous financial period.
11. ANALYSIS OF NET ASSETS BETWEEN FUNDS
| Tangible Fixed Assets Net Current Assets Long Term Liabilities TOTAL FUNDS |
Unrestricted Designated Restricted Total Total Fund Fund Fund 31-Mar-22 31-Mar-21 £ £ £ £ £ - 996,921 - 996,921 1,007,155 90,898 - 9,889 100,787 82,115 - - - - - 90,898 996,921 9,889 1,097,708 1,089,270 |
|---|---|
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SHALFORD VILLAGE HALL (SURREY)
(Charitable Incorporated Organisation)
NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 31ST MARCH 2022
12. STAFF COSTS AND NUMBERS
The CIO employed no members of staff during this or the previous financial period.
13. PAYMENTS TO TRUSTEES AND RELATED PARTY TRANSACTIONS
No payments were made to trustees or any persons connected with them during this financial period. No material transaction took place between the organisation and a trustee or any person connected with them.
14. RISK ASSESSMENT
The Trustees actively review the major risks which the charity faces on a regular basis and believe that maintaining the free reserves stated combined with the annual review of the controls over key financial systems carried out on an annual basis will provide sufficient resources in the event of adverse conditions. The Trustees have also examined other operational and business risks which they face and confirm that they have established systems to mitigate the significant risks.
15. RESERVES POLICY
The Trustees have considered the level of reserves they wish to retain, appropriate to the CIO's needs. This is based on the CIO's size and the level of financial commitments held. The Trustees aim to ensure the CIO will be able to continue to fulfil its charitable objectives even if there is a temporary shortfall in income or unexpected expenditure. The Trustees will endeavour not to set aside funds unnecessarily.
16. PUBLIC BENEFIT
The CIO acknowledges its requirement to demonstrate clearly that it must have charitable purposes or ‘aims’ that are for the public benefit. Details of how the CIO has achieved this are provided in the Trustees report. The Trustees confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding what activities the CIO should undertake
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SHALFORD VILLAGE HALL (SURREY)
(Charitable Incorporated Organisation)
NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 31ST MARCH 2022
18. TRANSFER OF FUNDS
The Trustees of Shalford Village Hall (Surrey) (Registered Charity Number 305119) sought guidance and advice and have agreed to register the new Charitable Incorporated Organisation, Shalford Village Hall (Surrey) (Registered Charity Number 1190571). All Assets and liabilities were transferred from Shalford Village Hall (Surrey) (Registered Charity Number 305119) to Shalford Village Hall (Surrey) (Registered Charity Number 1190571) on the 26th August 2020 and the assets and liabilities transferred were as follows:
| Fixed Assets Tangible Assets Total Fixed Assets Current Assets Debtors & Prepayments Cash at Bank and in Hand Total Current Assets NET CURRENT ASSETS TOTAL ASSETSless current liabilities NET ASSETS Funds of the Charity General Funds Designated Funds Restricted Funds Total Funds Creditors:amounts falling due in more than one year Creditors:amounts falling due within one year |
Unrestricted Designated Restricted Total Funds Fund Funds 26-Aug-20 £ £ £ £ - 1,015,266 - 1,015,266 - 1,015,266 - 1,015,266 4,045 - - 4,045 94,318 - 9,889 104,207 98,363 - 9,889 108,252 8,272 - - 8,272 90,091 - 9,889 99,980 90,091 1,015,266 9,889 1,115,246 - - - - 90,091 1,015,266 9,889 1,115,246 90,091 - - 90,091 - 1,015,266 - 1,015,266 - - 9,889 9,889 90,091 1,015,266 9,889 1,115,246 |
|---|---|
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