GREAT OAKLEY VILLAGE INSTITirrE CIO
Registered Charlty No. 1190627 (England & Wales)
REPORT AND ACCOUNTS FOR THE YEAR TO DECEMBER 31. 2024
INTRODUCTION
The trustees are pleased to present their Re￿rt and AccoLmts, wthlch have been drawn LP on an
accruals basis using the historical cost cimwention in accordance with the accounting poticies set out
in the note5 to the accounts. They comply with the charity's goveming document, the Charities Act
2011 and 'Accounting and Reporting by Charities: Statement of Recommended Practice ISORPI
applicable to charities preparing their acCO￿ts in accordance with the Financial Reporting Standard
applicable in the United King(k>m and Republic of Ireland, (FRS 1021 {updated January 1. 20191.
The trustees are resrK)nslble for the pr(xJuctTM of these acCo￿ts, ￿lCh have been prepared to give
a true and fair wew of the charity's affair5.
income exceeded £25.(X(J and an independent examination of these accounts was therefore
necessary. In fact. for the first time in the history of ￿ Institute. income exceeded £30,IWO.
All fund5 are unrestricted.
CHARITY NAME, REGISTRATION NUIABER AND ADDRESS
The name of the chadty is Great Oakley Village IrtstTtute CIO, thwh It Is known by many users and
residents as Great Oakley Village Hall. It is registered In England & Wale5 (No. I19c￿271.
The Secretary, Vivien Watson, is the correspondent and her addre55 is 1A Brwke Road, Great Oakley,
CORBY. NN18 8HG.
The charity does not accept service of documents thro￿ the Institute itself, which is unstaffed and
has no receptacle for the receipt of Corresp￿￿e￿Ce.
TRUSTEES
One trustee {Robert Morrison) resig￿ during the year, leaving six tru5tee5. Therf are Chrls Godly)Id,
Trevor Haynes, John Pear50n, Roger Skoyles. Gordon Steed and Vivien Watson.
The trustees have appointed following of their n￿nber as officers: Chalr (Trevor Haynes},'
Secretary (Vivien Watson} and Treasurer (Chris Gtxlbold).
StRucniRE, GOVERNANCE AND AIANAGEMEI
The charity has the legal fonn of a Charitable Incorporated Organization. It is govemed by the
Constltutlon dated July 29. 2020 and managed by the trustees Shown in Paragraph 3. There has to be
between three and twelve trustees and these persons. pfoFerty appointed by thelr fellow trustees,
constitute the 501e meynbership of the charity.
Under the Constitution, trustees must be resident viithin Great Oakley (defined in the TrLL8t Deed as
being within the area known a5 Great Oakley and vrithin one kilometre of the historic Oakley Hall).
but with the possibility of one being resident other than within Great Oakley. Every effort is made to
encourage residents and user5 to take an interest irtr the affairs of the Institute and to encourage
residents to consider putting themselves forward to becryne trustees.
The trustees are required under the Constltutfon to meet at least twice each year, i￿rt normally hold
four meeting5 a year. In additic￿. there is frequent personal and telephone contact and e-mail
correspondence between them to ensure that the Institute is managed effertively between meetings.

0￿EcT$
S Set down in the Corstitution. the charity exists to provide a village ir￿titute for the use of the
inhabitants of Great Oakley without distinttion of political, religiou5 or other opinions includiro use
for meetings. lectures. classes and other fomis of recreation and leisure time occupation with the
object of improwng the conditions of life for the said inhabitants.
PREMISES
The trustee5 lease the Irystitute building Ivthich Op￿ in August 2011) fr￿ the head lessee, North
Northamptonshire Council. The land is owned by Great Oakley Farms Lirnited (the superior landlord).
The annual rental was set in 2011 and is subject to increase each two years in line with the Retail
Prices Index. The lease was r￿aSSigned to the CIO by the former unincorporated charity on March 19,
2022 and expires on September 28, 2CW.
The trustees seek to maximize Lse of the Institute by regular users. While its purpose is to benefit
the inhabitants of Great Oakley, it is not possible {or, in the ￿eW of the trustees. de5irablel to
restrict use to such residents. Accordingly. booking5 are accepted r￿t only from Great Oakley
residents, but from those in the wider area (predominantly eisv*vhere v￿thin the area of the former
Corby Borough Council). The Income generated by s￿h booking5 helps ensure the financTal security
of the In5tTtute' wTrthout this security, there w(yJld be M facTlity for the residents of Great Oakley.
Following a public ccm5ultation exercise. the trustees of the ￿l￿oI￿)rated charity detemiined
during 2016 that hiring of the Institute would henceforth be restricted to regular hlrers. The tru5tee5
of the CIO have endorsed this decision.
PUBLIC BENEFIT
The trustees have considered the guidance prowded by the Charlty Commission and believe that their
activities are wholly charitable and provide public b￿￿fIt. A full statemeybt about public benefit is
available on request from the Secretary.
RESERVES POUCY
The tnjstees have detennined that a reserve slM)uLd be established. to represent approximately two
years, income. This is to enable wffTcient funds to be available to ensure the long-tetm security and
development of the Institute. including provision for major repairs and enhancements. The sum
required to meet thi5 objective was of the order of £62,[￿ during 2024.
The trustees wish to prevent the continued build-up of reserves unless or until they cease to
represent two years, income or there are fimi plans to spend additional funds on either
improvements or repairs to the Institute, but do not pr(v)se to reduce hiring tharges as the impact
on hirers would be limited. and there remain many financial uncertainties with continued inflation
and a generally un￿rtain ec(M￿Mi( situation.
The hourly rate for hiring the Irrtitute was increased to £12 early in 2023, following significant
increases in electricity prices and TS considered to be appropriate given the general condition of the
hall. This 15 judged to be g(xyJ. but it Ts expected that major maintenance and repairs will be
necessary as the hall nears its fifteenth birthday.
The cash reSe￿e is held in a trNJilding soaety account, prowding seojrity under the FSCS scheme and
a reasonable amount of ir￿Ome. Part of the total reserves is held in the form of fixed assets.
Towards the ertd of the year, the tru5tee5 became aware of a ￿tentIal liability in respect of VAT on
ectriCTty charges. It is not possible to quantify the extertt of this. but it is believed that it may
constitute around 11M of the re5erve5. DisCU55iMs with the supplier, British Gas, continue.

10.
POLICIES AND PROCEDURES
Being responsible for the provision of a safe, attszctive and financially secure facility. the trustees
have examined the risks to vthich they, user5 and the general tmjblic are exposed and they have
adopted poliries and procedures to minimize these.
The principal risks and uncertainties are regularly examined and appear to the trustees to be:
A shortfall 7n t(x)kings
Ladi of Suitable activists
Failure of a banker
Cash-flow difficulties
Users pemiitting inappropriate use of alcohol, tobacco or illegal prOd￿ts
Users permitting the viewing of television programmes
Vandalis
Continued increase5 in the cost of electricity
Controls are in place to minimize these risks as vdl as other5 that have been Identified.
STAFF
The charity (knes not employ any staff, but e*)gages the services of a cleawlhandyman. Payment is
made in accordance with the recommendations of the Living Wage FouThJation. which exceed the
statutory minimum wage but felt by the tnrtees to be eth7cally sustainable.
12.
REVIEW OF THE YEAR AND FINANCIAL STANDING OF THE CHARir
We believe that the hall remains the m05t affordable in Coty and the trustees have no wish to move
from this position. A surplus of £5,411.52 was achieved, which has been added to the reserves.
There was less need for expensive ma7ntenance or repair5 this year than last, but enhancements
were made to the fire safety protectlon system5 and an experimental supply of new land stronger)
chairs wa5 purchased following a review of those which have served the Institute and its hiiers to
date. None of these items are considered fixed assets.
As a result of repeated vandalism withTn the hall, Tt was necessary to make further changes to the
coverage of the CCTV cameras and there 15 some ￿Idence that this improved matters.
The cleanerlhandyrnan makes a vital contribution to the running of the Institute, and we are
indebted to him and to his partner who also helps. We receive much praise for the condition of our
premises.
The c05t of electricity reduced during the year despite greater being made of the Institute, but
attention is drnwn in Paragrapth 9 of this report to the tx)ssible liability for additional VAT on
supplies. both past and future. and weather CC￿di￿OnS always affect the consumption of electricity.
A5 a result of the revaluation of all business premises, the Institute lost the benefit of the small
business rates relief, but retains statutory charitable relief. The increase in the rates bill has not
been welcome and further costs are exFerted as transitional relief is phased out.
Overall, we rate the flnancial standing of the charity as 'exceilent'.
13.
PLANS FOR FLMJRE PERIODS
We are confident that the Institute is providing an aNJroprTate and attractive environment for a
range of activities which benefit the I￿al and wider communities and s* no need to change our
hiring poliaes.

13.
PLANS FOR Fi￿uRE PERIODS (C￿tInued)
We have a programme of planned maintenance (intended to be met from current incomel and
believe that we shall be able to ensure that the Institute remain5 safe, attractive and up-to-date.
Where fund5 permit and thls is Judged to be necessary. we shall endeavour to enhance the facilities.
We continue to monitor the adequacy of car parking arnl continue to seek a solution to the shortage
of this. All hirers will again be exhorted to make of the local IXLS services, so as to reduce the
need for parking space aThJ to benefit the environment.
We shall continue to try to identify nv*i trustees, as there is a limit to how Iixig we can contlnue to
rely on the existing s?x. all of ￿thom have alrea(ty enjoyed their 71P birthdays.
14.
CONCLUSION
We belTeve we are running the InStit￿e in the t*st interests of the people of Great Oakley, which
now consists of around 1,1KQ properties. Our biggest single challenge is to find a few people ￿thin
the wllage to join us as trustee5.
15.
BALANCE SHEEf AT DECEMBER 31, 2024 {Please see the note5 Tn Settion 17 of thi5 report)
At 3111212024
At 311121203
CURRENT ASSErs
At bank - current account
At Building Society
Net value of assets (Note Al
Ti)tal
£14.012.44
£59.360.40
£4.121.92
£77.494.76
£9.638.85
£57,889.59
£4.870.40
£72.398.84
Debtor5
Pre-payments to traders
Interest due from Building Society
Hiring charges receivable
£526.58
£750.CQ
E263.(K)
£413.48
£750.LXI
Add Total Debtors
£1.539.58
£1,163.48
£79,034.34
£73.562.32
Trade Creditors - due within one year
British Gas - electricity
North Northamptonshire Council - Insurance
Accounts Examination
E1.086.94
£850.CQ
£588.(MJ
(£2,524.94
£1.274.44
£650.LiI
£540.
(£2.464.44)
Other Creditors
Key deposits (Note B}
£350.
(£350.(M))
£350.
(£350.00)
Deduct Total Creditors
1£2.874.94)
1£2.814.44)
Funds avallable at perlod end
£76,160.34
£70,747.88
RECONCILIATION OF FUNDS
Total funds brought ftxward
Surplus (loss> for the period
Total funds carried forward
£70.747.88
£5.411.52
£76,159.40
£69,771.14
£976.74
£70.747.88

16.
STATEIAEtrrr OF FINANCIAL AcnvmES (Please see the notes in Paragraph 17 of this reportl
INCOME
2024
2023
EXPEHDrruRE
2024
2023
Hire of Institute
Building Soc Interest
Bowls equipment sold
Bank Interest
£29.3Lf2.Cil
£1,470.81
£60.
£17.56
£26.012.rxi
£1,439.59
Electricity
Premises Upkeep (Note Cl
Enhancements
Grass cutting (Note F}
Cleaner/Hantynan
PPLIPRS
Insurance (Note DI
Water {Note E)
Rent
Buslness Rates
Printing and stationery
Postage and telephone
Miscellaneous
Bank charges
Depreaation
*£Co￿ts Examination
£8,724.82
£5,559.99
£4,309.20
£9IXI.iJl
£2,031.95
£285.89
£731.06
£497.17
£402.86
£354.43
£96.99
£5.(KJ
£95.01
E60.IXJ
£748.48
£636.00
£10.879.30
£10,533.82
£4.26
£720.
£1,276.66
£154.13
£663.61
£273.98
£372.08
£77.70
£25.(X)
£34.08
£101.42
£78.85
£748.48
£540.LXI
Total
£30.850.37 £27.455.85
Total
£25.438.85 £26,479. 11
17.
NOTES TO THE ACCOUKts
A. The trustees have detemiined that irKlividual fixed assets acquired at a cost Tn excess of ESC￿1
shall be capitalized, and their value depreciated on a straTght-line basis over ten years
starting In the year of acquisition. The following such assets have been purchased:
BOUGF
COST
CUMULATIVE DEPRECtATIO
CURREKf VALUE
ccrv Wem
Defibrillator
Bowls mat roller
CCTV enhanced
2019
2019
2019
2023
£2,658.
E856.80
£1.150.
£2.820.IXI
£7,484.80
£1.594.80
£514.08
£690.
E564.
£3,362.88
£1,¢A3.20
£342.72
C460.C
£2,256.¢XJ
£4.121.92
8. Most hirers pay a key deposit of £25. which is refunded rf and when they cease hiring the
Institute and return the kegs. The total value of deposits heid at the date of the balance
sheet is shown as a cre(thtor Iliabilityl- Variations in this figure affect the overall profTt or loss
for the year concerned. but are very minor given the overall level of the charlty's activities.
'Premises Upkeep. covers all exp￿ essential to ￿ day-to-day running of the Institute,,
inCI￿ling routine fixtures and fittings, minor improvements. appliance5, repairs,
consumables, maTntenance. in5pection5 and servicing (but not costs in respect of the
cleaner/hano¥man or grass cutting, vh)ich are separately identified). No account is taken Tn
these accounts of the value of COr￿umable5 of any kind on hand.
D. Despite the efforts of our predecessor charlty, it has never proved possible to say with
certainty what period 15 covered by the premium charged by Corby Borough CouncillNorth
Northamptonshire Council INNCI in ie5pect of building5 insurar￿. It is believed to be
charged in arrears for the CoLmciI financial year concemed, and costs are accrued on this
basis. In practice. no advice of charges has been received from NNC since its fomiation in
April 2021, continuing the situation encountered with Cottsy BOr0￿h Council. The premium
for the remainlng risks is paid to a cr￿MerCIal inwrer arKf is Straightforward.
E. No prO￿570n is made Tn these accounts for any pre-payments or liabilities in relation to water
as liabilities cannot easily be calculated wtthout acce5$ to the water meter and - in any case
they are not considered likely to be material in nomial thrcumstances. The 5uppliei (Wave)
prowdes accounts twice per year.
F. One trustee received payTnents totalling £9CO for grass-cutting. No other trustees received
payments other than by way of reimbur5ernent of actual expenditure incurred on item5
required for the effective operation of the Institute.

Adopted by the trustees ¢)n September 9, 2025 and Signed by the Chalr. Trevor Hayne5.

ha MOORE
Indepondent Examlnerfs Rop)rt to the Trustees of Great Oak1￿ Vlllage In51itute CIO
We report on the aecounts of the charity for year ended 31 December 2024.
Respective responsibilities of trustees and gxaminer
The chanty's trustees are responsible for the preparation of the accounts. The charity's trustees
consider that an audit is not required for this year under section 144(2) of the Charilies Act 2011 (the
2011 Adl and that an indewdent ex8minatKJn 15 needgj.
It is our responsibilty to..
examine the xcounts under seei￿ 145 of the 2011 Act..
follow the p￿￿edureS lahJ down in the general Dire¢tDns given by Charty Commisston urKler
section 14515){b) of the 2011 Ac( and
sL￿e whether part￿ular matters have come to our attenthy).
8asls of independent examin•rfs report
Our examinatti)n was carried out in accordance with the general Di￿1￿)nS glven by the Chartty
Commiss￿n. An examInatic￿ include5 a rewew of the ￿Ount1Thg records kept by the charty and a
comparison of the accounts preserrted with those records. It aLw ineludes consKleratson of any unusual
items or disclosures in the accounts and seeking expL4nations from you as trustees concerning any
such rnatters. The Pr(￿l￿reS undertaken do nol provide all the evidence that would be required in an
audit and Consequent￿ no opinion is given as to whether the accounts present a Irue and fair vith¥°,
and the report is limited to those matters sel out in the ststement below.
IndepeTrdent examÉn•rfs ststement
In connection wrth our examination. rKJ matter has C*)me to our attention".
whth gNes us reasonable cause to belÈve that. in any material respect, the ￿uIrements..
to keep accounting records in &x£*dance wilh sectw)n 130 of the 2011 Act.. and
to prepare accounts whth accord with the &counting records and compty with the
accounb.ng requirements of the 2011 Act
have not been met" c
to which. in our opinM)n. attenth)n shoukl be df&vn in order to ertab￿ a proper understanding of
the accounts to be rexhed.
Moore
Chartered Accountants
Oakley House
Headway Business Pa
3 Saxon Way West
Corby
Northamptonshire
NN18 9EZ
Dated.. 7 August 2025