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2023-01-31-accounts

Objectives andActiviti es
SORP reference
Summary ofthepurposesof Para1.17 Theprovision and maintenance ofavillage
the charity as set out in its hall fortheuse oftheinhabitantsof
governingdocument Grundisburgh and its neighbourhood
without distinctionofpolitical, religiousor
otheropinions,including use for:
(a)meetings, lectures and classes, and
(b)other formsofrecreation and
leisure-time occupation, with the
objectofimprovingtheconditionsof
life for the inhabitants.
Summary ofthemain
activities in relation to those
Para 1.17 and
1.19
Thecharity hasvia theprovisionofthe
village hall facilities benefited awiderange
purposes forthepublic ofuserclubsandthegeneral populace of
benefit,inparticular, the Grundisburgh andtheneighbouring areas.
activities, projectsor
servicesidentifiedinthe
accounts.
Statement confirming Para1.18 Thetrusteeshave had regardtothe
whether thetrusteeshave guidanceissued bytheCharity
had regard to the guidance Commissiononpublic benefitinadvanceof
issued by the Charity becoming operational.
Commissiononpublic
benefit

reference
Summary ofthemain
achievements of the charity,
identifying the difference the
charity'sworkhas made to
the circumstancesofits
beneficiaries and anywider
benefits to society asa
whole.
Para1.20 ln its first year of operation the charity has
strived to ensure anadequatelevelof
revenuetocover ongoing expenditure and
allow foralevelofreserves to offset
deprecationonits major asset, the Village
Hall.lthas reached out toawiderangeof
user groups and interested parties within
the local communities allowing them to
benefit from the availability offacilitiesthe
charityprovides.lnaddition, the charity
has established aCommunityFund to
allow certain members ofthelocal
community to enjoy useofthe facilities
whentheymightothenvisebe unable to do
so.
Achievementsagainst Para1.41
objectives set
Performance of fundraising
activities against objectives Para1.41
set
Investment performance Para1.41
against objectives
Other

FinancialReview
Review of the charity's Para1.21 Thecharityhasoperatedfromthenew
financialposition at the end Village Hall site throughout its first full year
oftheperiod ofoperationyear,generatingincomeof
t43,600.
Thecharity generatedadeficitoff41,741
whichisconsidered an appropriate resultfor
thecharityespeciallygiventhelevelof
depreciation after a reviewofthe fixed asset
register. Depreciationon assetsrelatingto
thecharitybuiltupunder the old VillageHall
(CharityNo304754)andsubsequently
transferredtothecharitywasdeferred
pendingthefultoperationofthecharity
commencing1February2022.Excluding
depreciation,thecharitygenerateda
surplus off10,609.
Asat31January 2023thecharityhad
reservesoft899,637ofwhicht646,794
wererestrictedfundsand f252,843were
unrestrictedfunds.At thebeginningofthe
year assetsoff941,541weretransferred
fromthe oldCharity(304754)ofwhich
f674,158wererestrictedfundsand
t267,263unrestricted.
Statement explaining the Para1.22 Thecharity seeks toensureit holds
policyforholding reserves sufficient cash reserves to cover the timing
stating why theyareheld of income and expenditure andtoprovide
fundsto coverrepairandmaintenance
costsoftheprimeasset(thevillagehall)as
they falldue.The charityisalsomindfulof
the potentialforadditionalfurther
expenditure in relation tothebuilding of the
newvillagehall over and above that
alreadv budqeted and accounted for.
Amountofreservesheld Para1.22 Thecharitycurrentlyholdsnetcurrent
assets oft44,389
Reasons for holding zero Para 1.22 N/A
reserves
Details offundmateriallyin Para 1.24 N/A
deficit
Explanation of any Para 1.23 N/A
uncertainties about the
charity continuing as agoing
concern

Thecharity's
sources offunds(including
any fundraising)
lnvestment policy and
objectives including any Para 1.46
social investment policy
adopted
A description oftheprincipal
risks facing the charity
Para 1.46 Anysignificant downturninHall bookings
though not currently anticipated
Other

Description ofcharity's
trusts:
Typeofgoverning document
{1ustrJeed,royai charter)
Para1"25 Constitution{Association model}
Howisthe charity Para1.25
constituted?
(e.g unincorporated
Charitable lncorporated Organisation (ClO)
association, CIO)
Trustee selectionmethods
including details of any
Para1.25 Membership ofthe CIOisopen toa
Regular User and totheParish
constitutionalprovisions e.g CouncilandParochial Church
electiontopostornameof Council (as such expressions are
anyperson or body entitled definedinclause30 of the
toappointone or more constitution),andwho,by applying
trustees forMembership, hasindicatedhis,
her or its agreementtobecomea
ft/ember and acceptance oftheduty
oflVembers.
Al\Iembermay beanindividualor
anindividual representingan
organisationwhichis or intends to
be aRegularUser oranindividual
appointedbytheParish Councilor
theParochial Church Council.
Trusteesareelected by the
Membership at anAnnualGeneral
h/leetingwithupto10Trustees
allowedtostand at any one time.
You
choosetoincludefu
rtherstateme ntswhererelevant about:
Policies andprocedures
adopted fortheinduction
andtrainingoftrustees Para1.51
Thecharity'sorganisational
structure and anywider
network with which the Para1.51
charity works
Relationshipwith any
related parties Para1.51
Other Followingthe completion of thenew Village
Hall buildingby theendofJanuary2022,
ownership ofallassets and liabilitiesofthe
oldVillagel-.lall(charityNo304754)was
transferredto thenewCharitable
lncorporated Organisation{"ClO")shortty
after prior yearend.The old VillageHall
charitywassubsequently closedandthe

Reference andAdminis trativedetails
Charityname GrundisburghViltaqeHatl
Othernamethe charitvuses
Reqistered charrtv number 't190693
Charity'sprincipal address GrundisburghVitlageHall
lpswichRoad
Grundisburgh
Woodbridge
Suffolk
IP13 6US
ame sof the charity trus tees whomanagethe charity
Trusteename Office (if any) Datesactedifnot for whole
year
Nameof person {or body) entitled
to
1 BryanLaxton Chair
2 Chris Dow Grants
J JohnEllerby Treasurer
,4 David Keates Events
5 CarolMcConnell-
Theobald
Communications
6 GrahamSeabrook Operations
7 Helen Stewart Bookingssecretary From19 November 2022
8 JoelTatham IT
I Karen Tatham Secretary
10
11
12
13
14
15
16
17
18
19
20
Funds heldascustodian trustees onbehalf of others Funds heldascustodian trustees onbehalf of others
Description oftheassets N/A
heldin this capacity
and objects of the
Name
N/A
charity onwhosebehalf the
assetsare heldandhow this
falls within thecustodian
charity'sobjects
Details of arrangementsfor NIA
safecustody and
segregation ofsuchassets
fromthecharity's own
assets

Narnesand addresses of adv isers (Optional information)
Typeof Name Address
adviser
Nameofchief executiveornamesof seniorstaffmembers (Optionalinformation)

Signature(s
Fullname(s) JohnNicholas Ellerby
Position{egSecretary,
Chair, etc)
Treasurer
Date 07November 2023
Page
Reference andadministrative details 1
Report ofthe Trustees 2lo3
lndependent Examiner'sReport 4
StatementofFinancialActivities 5
BalanceSheet 6
Notes tothe FinancialStatements 7to13

OldHall New Hall Combined Total
lncome from: Notes 2A23f 2923
e
2023
L
2022
L
Donations
Charitableactivities
lnvestments
3
A
5
11,74A
31,817
44
11,74A
31,817
44
3V,332
432,487
35
Totallncome 43,600 43,600 469,854
Expenditure on:
Raising funds
Charitableactivities
2,197
34.794
2,197
30.794
4,546
Total expenditure o 32.991 32,991 4.U6
Netincome before
investment gains
10,609 10.609 465.307
Depreciation (52,393) (52,393)
Transferbetween
funds
Net Movementof
Funds
u1,784) @1.7U) 465.3Q7
Reconciliationof
funds:
Totalfunds brought
forward
941,4?1 9411{21 476.114
Totalfundscarried
forward
899S37 899-632 94i*/21
OldHall New Hall Combined OldHall
Fixed assets Notes 2023
2023
I
2023
2422
Tangibleassests 10 : 855.248 855.248 839,593
Current Assets
Cashatbankandin
hand
68,20368,203 102,768
Receivables
Total Current Assets
2.904
71,106
2.9A4
71,106
102,768
Creditors; amounts
duewithinoneyear 11 (26.717|(26.717|(940)
Netcurrentasgets 44.389 44.389 141.828
Netassets 899-632 899*632 941A2L
Funds
Unrestrictedfunds
Restrictedfunds
12 252,843
646.794
252,843
646.794
267,263
674.158
13 899-632 e9g63z 941,_42L

3.Donations OldHall
2423
f
2022
^L
Donations andgifts 11,74A 33,452
Prior yearadjustment
Totaldonations
l1JAp" 3.880
u3i2

Charitable activities 31,817 342,467
Prior yearadjustment
Total charitable activities
31JJ-Z 90,020
*uaeT

nvestments OldHall
2423
f
2022f
lntereston cashdeposits 44 ?6
6.Expenditure
OldHall
Other Total Total
Costs Governance 2023 2022
e g
Rasing Funds
Fundraising ?.197 2.197
Charitableactivities
Maintenance 1,019 1,019 293
Electricity andgas 1,491 1,491 678
Watercharges 297 297 306
Cleaning 2,476 2,476 336
PRS
Gardening 13,095 - ,r,ogi 535
Treasurers expenses
Licencesandnotices 37; 372 ,1
Decoration 398 398
AGM expenses
Businessrates 407 407 48
lnsurance 1,152 1,152 718
lndependentexamination fee (160) (160) 900
Broadband 550 550 44
CommunityFund 89 89
Website 230
Equipment 439 439
ChargingPoints 259 259
ProfessionalFees 7,103 7,143
Other 1,809 1,809 364
Administration 71
30,794 30,794 4.546
Total expenditure 3agg1 32.993 M

overnance costs OldHall
2023f 2422
e
Trusteeexpenses
AGMexpenses
lndependent examinationfee (16!) gqg
{1601

angible fixed assets
Landand Total
Buildingsf 2423
f
Cost
Balance asat1February2A22 745,694 745,694
Prior yearadjustment 93,900 93,900
Additionsin theyear 80,866 80,866
Disposals (12.818) (1ffi1e)
Balance at 31January2023 s47.641 9A7.M1
Depreciation
Asat1February2022and 31January2023 52.3ffI 5?.3e3.
Netbook value
As at31.lanuary2023 85s.248 855.248
Asat31January2022 839,593 839,593

OldHall
Total Total
2423
E
2422t
Accruals gJ17: 940

Balanceat1 Prior year Income Balance at
As at31January2023 February
2422t
adjustmentt inthe
yearf
Expensesin
the yearI
31
January
2423
2
Restrictedfunds fiz**eze 3-880 5&-950 8620 edsJgA

Analysisofnetassets
Tangible
Asat31January2023 fixed assetst Current
assets
L
Current
liabilities
g
Tctal
t
Restrictedfunds 855,248 (2A8,454) 646,794
Unrestrictedfunds 279.560 t26.717|252.843
Totalfunds s5ff4& 7lJ-00 {?s'3-17|sgqeaI
Tangible
fixed Current Current
assets
+
assets
liabilitiesf Total
.c
L
Asat31January2022
Restrictedfunds 839,593 (165,435) 674,158
Unrestrictedfunds 268,203 (e40) 267,263
Totalfunds 839.53 1A2.768 ts0) 941.42.1