GREAT OAKLEY VILLAGE INsrrriiTE CIO Registered Charlty Mo. 1190627 {England & Wales) REPORT AND Accouprrs FOR THE YEAR TO DECEMBER 31. 2025 INTRODiThOM The tnjstees are pleased to present their Rem arKI Accounts, twhith have been drawn up on an accruals bas75 USTng the historical c05t convention in accordance WTth the accountTnq EM)licies set out in the notes to the accounts. They comply with the charity's goveming (kncument, the Charitles Act 2011 and 'Accounting and Rewrting by Charities: State¥nt of Rec¢Jnmended Practice {SORPI applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the United KTngdom and Repthlic of Ireland. IFRS 1021 Iated Janry 1, 20191. The trustees are responsible for the pr0dwtI of these accounts, thich have been prepared to give a tn and fair view of the charity's affairs. Income exceede<l £25,(KK) and an Indepennt exarnlnatkm of these accounts was therefore necessary. All fS are unrestrlcted. CHARrrY MAME. REGISTRATION NUMBER AND ADDRESS The name of the charity is Great Oaklty Village Irtstitute CIO. though it TS kJ)own by many users and residents as Great Oakley Village Hall. It is lStered in England & Wale5 INO. 1190627). The Secretary, Vivien Watson. is the correspondent and her address is 1A Brooke Road, Great Oakley, CORBY, NN18 8HG. The charlty doe5 not accept service of (*xuments thro the Instltute itself. vhbith Is unstaffed and has no receptacle for the receipt of corresporthKe. TRUSTEES There were STX trustee5 thro the year. They are Chrls Godtdd, Trvmr Hayr, John Pearson. Roger SkoyLes, Gorikn Steed and V7vien Watson. The trust have appointed the following of their nlber as officer5: Chalr (Trevor Haynes}, Secretary (vien Watson) and TSurer (Chris Godboidl. STRUCTURE. GOVERNANCE AND IAANAGEMENT The charlty has the legal form of a CharitatAe Incorwrated Organization. It is govemed by the Constltutlon dated July 29. 2020 and managed bl the trustees shown in Paragraph 3. There has to be between three and twelve trustees and per50rG. property app)inted by their fellow trustees, constltute the 501e mfflnbeT5hip of the drIty. Under the ConstitJJtion. trustees rnu5t be reSIdt within Great Oakley (defined in the Trust Deed as being within the area known as Great Oak1 and within e kilixnetre of the historFc Oakley Hall), but wlth the possibility of one being reSidt other than within Great Oakley. Every effort is made to encourage residents and user5 to take an interest in the affair5 of the Institute and to encouTage resident5 to consider putting themselves forward to bec(Kne trustees. The trustees are required der the Cortstitution to meet at least twice each year, but nonalLY meet more often. In addition. there is frequent personal and telephone contact and frmail correspondence between them to ensure that the Institute is managed effectively between meetings.
OWECTS As set down in the Constitution, the charity exists to tKovide a village Institute for the use of the inhabitants of Great Oakley without distlnction of px)litical, religious or other opinTons including use for meetings, lectures, classes and other forn of recreati( and leisure time ccupation with the object of improvlng the conthtiOr of life for the said ithabitants. PREMISES The trustees lease the Institute ixjildirnd {which opened in August 20111 fr the head lessee, North Northamptonshire CcHJncil. The land is ovmed by Great Oakley Famis Limited (the superior landlordl. The annual rental was set in 2011 aThJ is subjert to increase each two year5 in line with the Retail pri Index. The lease was re-assig to the CIO ty the former unincorporated charity on March 19, 2022 and expires on September 28, 2(. AcmV1Es The trustees seek to maxlmlze use of the Instltute by regular users. While its purpose is to beneflt the Inhabltants of Great Oakley, it is not P055ible lor, in the vie•Y of the trustees, desirable) to restrlct use to such residents. Accordingly lkIng5 are accepted not only from Great Oakley residents, but frLwn those In the widef area {predtyninantly elsewhere within the area of the former Corby Borough Council). The income generated by such LIngS helps ensure the finandal securlty of the Institute; withcth this secwlty, there would be no facility for the residents of Great Oakley. Following a public CltatIOn exerclse, the tru5tee5 of the unincorporated charity detemilned during 2016 that hiring of the Institute V•wld henceforth be restrlcted to regular hirers. The trustees of the CIO have endorsed this decislon. PUBLIC BENEFrr The trustees have consldered the guIdare Kyovlded by the Charity C(¥nmlsslon arKI beileve that their actlvltles are vtholly charltable and provide public beneflt. A full statement aLx)ut wbllc benefit 15 available on request from the Secretsry. RESERVES KILICY The trustees have deteined that a re5eTre should be established, to represent approximately two years. Income. Thi5 15 to enable sufficient funds to be available to ensure the l¢)ng-tem security and development of the Institute, Including provision for major repairs and enhancement5. The sum required to meet this objective was of the order of £58,(KM) ¢Jrin8 2025. The trustees wish to prevffbt the cCrffnue bulid.w of reseNes unle55 or until they cease to represent two year5, Income or there are fl plans to ¥*rKI addit?onal funds on either ImprOvemt5 or repairs to Instltute, but do )t prop)se to re(kJce hiring charge5 as the impact on hlrers would be limited, and there Temaln mary fInala1 ertaintieS th contlnued Inflation and a generally uncertain econ1( situation. The hourly rate for hlrfn8 the Institute was irKreased to 112 early in 2023 and is considered appropriate gFven the general (l11tTOn of the hall. Thls is ]jged to be g, but the trustee5 are aware that major maintenance and repairs could alwa)s 1CoMe necessary a5 the hall nears its fifteenth blrthday. The cash reserve is heid in a bulldlng Siety accoLmt, providing securlty under the FSCS scheme and a reasonable amount of income. Part of the total reserves is held in the fom of fixed assets. Towards the end of the prevKXts year, the trustees became aware of a tentIal liability In fe5pect of VAT on electricity charges. It VRS not possible to quantify the extent of this, but it vtds discharged through Britlsh Gas with only a limited Tmpact on re5eNes.
10. POLICIES AMD PRIXEDURES Being responsible for the provision of a safe, attractTve and finalalIY secure facillty, the trustees have examined the ri5k5 to vthich they. and the general public are exposed and they have adopted p)licies and procedwes to minimize these. The principal risks and Certaint}eS are regularly examined a1 aw)ear to the tntst to be: A shortfall In bTh)kfngs Lack of sultable actlvlsts Fallure of a banker Cash-flow difficulties Users permitting inappropriate use of alcohol. tobacco or Illegal prOdts User5 failing to secure the premises when vacating them Controls are In place to minimize the impact of these rlsks as weil as others Identlfled. STAFF The charlty ¢kn5 not foallY employ any staff. has engaged the servi of a cleanerlhandyman for some whlle. The decision was tsken durfng 2024 to engage a dedicated cleaner so that the exlstin8 occupant could devote more time to maintenance matter5. The new arrangements came Into force at the start of 2025 and are worklng well. PayThent Is made In accordance with the recommendatlons of the Livlng Wage Foundation, vthich exceed the statutory mlnlmum wage but are felt by the trustees to be ethlcally sustalnable. 12. REVIEW OF THE YEAR AND FINANCIAL ¥fANDING OF THE CHARir We belleve that the hall remalns the rnost affordable In Corby and the tnstees have no wlsh to move from thls F)sition. A 1055 of £4,044.73 occurred after meeting the hlstorlc VAT liab71ity referred to earlier. the buTldin8 of an adth'tional storage ayboard and the purchase of rn0 of the stronser chairs. There was no chan8e to the nwnber of fixed Idepreciatin81 assets. We lost one of the 8reatest user5 of the hall during the year and prepared to Increase the hire charge to ensure sufficient income, but It kyoved posslble to secure two additional bookings which more than coMpsated, so the charge remains £12 an IKAW. The hall Is bel ed more than at any time in its history. Our employees. Davld and Karen, make a tal c(trit¥i0n to the runnlng of the Instltute, and we are indebted to them, as well as to lan VI* helps. We recelve much pralse for the conthtlon of our premlses. The cost of electricity remains ty far and avrdy wr greatest 4)ee, ÈW Vrithout meetlng the blll for historic VAT liabilitle5. We Intend to ir1 air-conditioning to increase the comfort of hlrers and prevent those running exercise classes having to Cae1 because of the heat . an issue on several occaslons this year. We are also corsitsing the possibility of using part of our reserves to Instal solar panels to reduce electricity costs, but the case is not clear-cut. A5 a resuli of the rwaluation of all tMJs1r$S wemises, the Institute has the benefit of small trmjsiness rates relief, but retains statutory charitable relief. The increase in the rate5 bill has not been welcome and further costs are expected as transitional reiTef is phased (Hjt. Overall, we rate the financial standiTr4 of the charity as 'exceilent'. but we are never complacent. 13. PLANS FOR F(fftIRE PERIODS We are confident that the Institute is prowding an appropriate and attrartive environment for a range of actiwties which benefit the Ial aThJ wider communities and see no need to change our hiring pollcies.
13. PLANS FOR RffURE PERIODS (continued) A5 mentioned in Paragraph 12, we are considering the installation of air-c¢J)dltloning and solar panels. The fomer should be seen as a health aFKI safety requirement, whTle the latter would only be undertaken if the finanthal case is 5trTh)g. We have a programme of planned maintenance lintertded to be met from current incomel and believe that we shall be able to ensure that the Institute remains safe, attractive and Ut0-datè. Where fund5 pernilt and this is judged nece55ary, we shall endeavour to continue to enhance the facilities. We continue to monitor the adequacy of car parking and continue to seek a solution to the srtage of this. A further payment was made to Great Oakley Crlcket Club to a55iSt with repair5 to their car park. thich is used by our hIr5. All hlrers will again be exhorted to make use of the l(Kal bu5 servlces, so as to lee the need for parking 4)ace and to beneflt the environment. We shall continue to try to identify ne1 trustees, as there Is a Ilmit to how long we can continue to rely on the existing slx, all of vthom have already enjoyed their 70th birthdays. 14. CONCLUSIOM We believe we are rnIng the Instltute in the best interests of the people of Great Oakley, whlch now conslsts of ar0d 1.CIXJ properties. (hjr biggest single challenge is to find a few people with7n the vlllage to join us as trustees. 15. LANCE SHEEf AT DECEMBER 31, 2025 (Please see the notes in Section 17 of thls reportl At 31112125 At 3111212024 CURRENT ASSETS At bank . current a(cnt At Bullding Society Net value of assets (Note A) Total £20.088.42 £50.746.58 £3,373.41 £74,208.44 £14,012.44 £59,3.40 £4, 12 1. 92 £77,494. 76 Debtors Pre-payments to traders Interest due from BuTldfng Soclety Hiring charges receivable £641.92 c5.) £526.58 £750. Add Totsl Debtors £1.141.92 £1.539.58 £75,350.36 £79,034.34 Trade Crethtors- duè wlthln one year British Gas . electricfity North Northamptonshire Cc4Jndl - Insurance Accounts Examinatiix) £1.135.69 £1,C(K).CKI £71XI.¢XI 1£2.835.69 £1,086.94 £850.(M) £588. (£2.524.94j Other Credlt(ffs Key dewsits INote B) £4LM). (£4C.) £350.C {£350.00) Deduct Total Credltors (£3,235.69 (£2,874.94) Fund5 avallable at perlod end £n.114.67 £76, 159.40
15. BALANCE SHEET AT DECEMBER 31, 2025 (continued) (Please see the notes in Section 17 of this report) RECONCILIATION OF FUNDS Total funds brought forward Surplus Ilossl for the period Total funds carried forward £76.159.40 (£4,044.73) £72.114.67 £70.747.88 £5,411.52 £76,159.40 16. STATEME1 OF FINANCIAL AcnvmES (Please see the Th)tes in Paragraph 17 of this report) INCOME 2025 2024 EXPENDrtURE 2025 2024 Hire of Institute Building Soc Interest Bank Interest Bowls equipment sold E29,175.¢J) £1,136.18 £19.41 £29,302. £1.470.81 £17.56 ElectricTty (Note G) PreISeS Upkeep {Note Cl Enhancements Grass cutting (Note Fl £13,185.65 £7,466.52 £4,187.80 £1,200.00 £3.079.18 £328.58 £690.41 £531.00 £433.77 £602.27 £50.00 £18.39 £195.27 E60.00 £748.48 £748.00 £800.00 £8,724.82 £5,559. 99 £4,309.20 £9LK). £2,031.95 £285.89 £731.06 £497. 17 £402.86 £354.43 £96.99 £5.C £95.01 £60.C £748.48 £636.L PPLIPRS Insurance {Note D) Water (Note E) Rent Buslness Rate5 Printing arKI statlonery Postage and telephone Miscellaneous Bank charges Depreciation ACcots &xarninati Car parkini Total £30,330.59 £30,850.37 Total £34,325.32 £25,438.85 17. NOTES TO THE Accouirrs A. The trustees have detemlned that Indfvldual flxed assets acqulred at a cost In excess of £500 shall be capitalized. and thelr value dweciated a 5traight-line basis over ten years starting in the year of acquisiti. The folluwing assets have been wrchased: ITEM BOUGHT COST CUMULATIVE DEPRECIATION CURRENT VALUE CCTV system Defibrillator Bowls mat roller CCTV enhanced 2019 2019 2019 2023 £2,658.Ci) £856.80 E1,150.¢XI £2,820. £7,484.80 £1.860.60 £599.76 £805. £846.(Kl £4,111.36 £797.40 £257.04 £345.Cil £1,974.Crf) £3,373.44 B. Most hirers pay a kty ipos?t of £25, vthich is refKd if and vthen they cease hiring the Institute and return the keys. The total value of deposits held at the date of the balance sheet is shown a5 a creditor Illabllityl. Variations in thi5 f?gure affect the overall profit or loss for the year concemed, but are very rnir given overall level of the charity's activitie5. 'Premises Upkeep, cover5 all eXplY essential to the day.to.day running of the Institute, includrng routine fixtures arKI fittings. minor improvements. appliances. repairs, cortsumables. rnaintenance. Irtspectl0r and servicing (but not costs of [aLur or grass utting, which are separately identified). No accourt is taken in these accounts of the value of consumable5 of any kiThJ hand.
17. NOTES TO THE ACCOUMTS (continued) D. Despite the efforts of our pre(iecv4sor charity. it has never proved POSSTble to Say with certainty what F)eri(xl 7s covered by any premium charged by CO Bor0 CouncillNorth Northamptonshire Council {NNCI in respect of building5 insurance. It 15 believed to be charged in arrear5 for the co11 flnandal year concemed, and costs are accrued on this basis. In practice, no a(fvice of chap4es has been received from NNC since its f0mtiOn in April 2021. continuing the situatlon encountered with Coty BoroLwJh Council since 2015 with costs fluctuat1 according to d)ar£ing perits in eariTer years and no charges made since 2016 despite regular enquiries. The preffli for the remaining ri5k5 is paid to a commercial insurer and is straightforward. E. No prowslon is made in these accounts for any prtrpaSertts or liabilities in relation to water as liabilities cannot easily be calculated withwt acce5S to the water meter and - in any case . they are not considered ITkeiy to be material in noThal Circlstae5. The supplier (Wavel provydes accounts tvrice per year. F. One trustee received payments totalllng £1,2LXI for grass-ojtting. No other trustees recelved payments other than by way of reimbursement of actual expenditure incurred on items required for the effective operatlon of the Instltute. G. The Increase In costs Includes settlement of the hlstorlc VAT Ilablllty and payment of VAT at 20% throughout the year. Adopted by the trustees on A•arch 27. 2026 and SIed by the Chalr. Trevor Hayne5.
MOORE Indop•nd•nt Examinerf$ Report to the Trustoos of Groat Oaklèy Willage Instltuts CIO INe reF1 on the accounts of the charity for the year ended 31 Dember 2025. Re8P8Ctlv• re8pon81blllt168 of trustees and examiner The charity's Iwstees are responsible for the preparation of the a£counts. The charity's trustees cOnser that an audit is not required for this year under sect 144{21 of the Charities Act 2011 Ithe 2011 Act) and that an ependent examinatK)n nee(led. It is our responsitslity to.. examine the accounts under secbon 145 of the 2011 ACL" follow the procedure5 laid dcAvn in the gener81 DireclK)ns gNen by th8 Charity Commls$h)n under section 145{5llb) of the 2011 Act,. and Slats whether partular matters have to our atténtbjn. Ba818 of Indop•nd•nt •xamin• r•port Our examination wa8 caryied out in wrth the gener81 Directions given by the Charity ComMissn An examinatKJn indudes a revk8w of the accJxJnlirvJ recA)rds kept by the chaiity and a comparison of the accounts pregented with those records. It also indude8 consideration of any unusual rtems or drxlosures in the accounts and seeking expiinalions from you as trustees ncErning any such matters. The prluTeS undertaken do not provide all the eVKlence that would ba required in an audil and consequenty no wnton is given as to whether the accounts present a Irue and fair view.. arKI thè rèport is kmited to th08e matters set ¢)ul n the statoffonl be. Indopendont •xamlnerfs stat•m•nt In ¢onne¢tion wth our èx8nwnatn, M matter has com8 to our attention." which gNes us reasonab cause to belthe that, in any material respect. the requirements.. to keep Ko)unlng records in *oxdanc8 with 8e£ttin 130 Of 2011 Act,. and to prepare accounts which attord with the arunn9 reLud8 and comply with the accounting requirements of the 2011 Act have not been met. Of to whtch. in our OFinion. attention ¥houkl be drwn in orthr to able a sxr4)er understanding of the accounts to be reached. Moor8 Chartered Accountants Oakley House Heathvay Bugness Pa 3 Saxon Way Wesl Corby Northamptonshire NN18 9EZ Dated.. 27 February 2026