## 

## 

## 

## 

|ObjectivesandActiviti|es|es||
|---|---|---|---|
||S0RPreference|||
|Summary ofthepurposesof<br>thecharity as setoutinits<br>governingdocument||1.17|maintenance of a viliage<br>theinhabitantsof<br>Theprovision and<br>hall fortheuseof<br>Grundisburghandits neighbourhood|
||||without distinction ofpolitical, religiousor|
||||other opinions, includingusefor:|
||||(a)meetings,lectures and classes, and|
||||(b)otherforms ofrecreation and|
||||leisure{imeoccupation,withthe|
||||objectofimprovingthe conditions of|
||||life fortheinhabitants.|
|Summary ofthemain<br>activitiesin relation to those<br>purposes forthepublic<br>benefit,in particular, the<br>activities,projectsor|Para<br>1.19|1.17and|Thecharityhas viathe provisionofthe<br>villagehallfacilities benefited awiderange<br>ofuser clubs and the generalpopulace of<br>Grundisburgh andtheneighbouring areas.|
|services identifiedinthe||||
|accounts.||||
|Statement<br>rming<br>whetherthetrusteeshave<br>had regard totheguidance<br>issued bytheCharity<br>Commissiononpublic|Para|1-18|The trusteeshave had regard to the<br>guidance issuedbythe Charity<br>Commissionon publicbenefit inadvance of<br>becoming operational.|
|benefit||||





## 

|chievements and Per|formance||
|---|---|---|
||SORP reference||
|Summary ofthemain||Thecharitycontinues toreach out toa|
|achievements ofthecharity,||widerangeofusergroups andinterested|
|identifying the difference the<br>charity's work hasmadeto|Para1.20|partieswithin thelocalcommunities<br>allowingthemtobenefitfromthe|
|the circumstances ofits||availabilityoffacilities the charityprovides.|
|beneficiaries and anywider||Aswellasprovidingmuch neededfacilities|
|benefitstosocietyasa||tothecomrnunity it alsostrives tornake|
|whole.||theseas affordableaspossible andto|
|||enable certainmembers ofthelocal|
|||communitytoenjoyuseofmuch needed|
|||facilitieswhen theymightotherwisebe|
|||unable to doso.|
|||Thecharityisfocusedonensuringan|
|||adequatelevelofrevenuetocover ongoing|
|||expenditureand allowfor alevelof|
|||reseryes tooffsetdeprecationonits major|
|||asset, theVillageHallthus maximisingits|
|||benefit tothecommunity.|



|Achievementsagainst|?ara1.41|
|---|---|
|objectivesset||
|Performance of fundraising||
|activities against objectives|Para1.41|
|set||
|Investment performance|Para1-41|
|against objectives||
|Other||





## 

|FinancialReview||||
|---|---|---|---|
|Review of the charity's<br>financialpositionatthe end<br>oftheperiod|Para|1|The charity hascontinuedtooperate fromits<br>newVillageHallsitegenerating income of<br>f41,905{2023:f54,080).|
||||Thecharity generatedadeficitoff17,10g<br>{2024:f20,930)whichisconsideredan<br>appropriate resultfor thecharityespecialiy<br>given theievelof depreciation on thenewly<br>builthall.Excluding depreciation, the charity<br>generatedasurplusofC27,gggeA24:|
||||t31,471).|
||||Asat31January 2028thecharityhad<br>reservesoff861,600ofwhichtSTg,ZSg|
||||wererestrictedfundsand [282,340were|
||||unrestricted funds.|
|Statementexplaining the<br>policyforholding reserves<br>statingwhytheyareheld|IPara1.22||The charity seeks toensureit holds<br>sufficient cashreserves to coverthetiming<br>ofincome andexpenditureandtoprovide|
||||fundstocover repair and maintenance|
||||costs oftheprimeasset(thevillagehall)as|
||||theyfalldue.The charityisalsomindfulof|
||||thepotential for additionalfurthercapital|
||||expenditurein relation tothebuilding.|
|Amount of reservesheld|Para1.22||Thecharity currentlyholdsnetcurrent|
||||assetsof€100<br>11|
|Reaso nsforholding zero|Para1.22||N/A|
|reseryes||||
|Detailsof<br>ndmateriallyin|Para1.24||N/A|
|deficit||||
|Explanation of any|?ara1.23||N/A|
|uncertainties about the||||
|charitycontinuingas a going||||
|concern||||





|Adescriptionoftheprincipal|?ara1.46|Any significant|downturnin|
|---|---|---|---|
|risks facingthecharity||thoughnotcurrentlyanticipated||
|0ther||||





## 

|Description of charity's|||
|---|---|---|
|trusts:|||
|Typeof governingdocument|Para1.25|Constitution(Associationmodel)|
|(trurstdeed,royai charter)|||
|Howisthecharity|Para1.25||
|constituted?||Charitable lncorporated Organisation(ClO)|
|Trustee selectionmethods|Para1.25|Membership ofthe CIOisopen toa|
|including detailsofany||Regular User and totheParish Council and|
|constitutionalprovisionse.g||Parochial ChurchCouncil(as such|
|election topostornameof||expressions are definedinclause30 of the|
|anypersonorbody entitled||constitution), andwho,by applyingfor|
|toappointoneorrnore||l\Iembership, has indicatedhis, herorits|
|trustees||agreementtobecomea l\lemberand|
|||acceptanceofthedutyoffi,,lembers.|
|||AlVembermaybeanindividual oran|
|||individualrepresentinganorganisation|
|||whichisorintendstobea RegularUser or|
|||anindividualappointedbytheParish|
|||Council orthe FarochialChurch Council.|
|||Trustees areelectedbytheMembership at|
|||anAnnual GenerallVeetingwithupto10|
|||Trustees allowed tostandat any one time.|



|Policiesandprocedures||
|---|---|
|adoptedfor theinduction|Para1.51|
|andtrainingof trustees||
|The charity'sorganisational||
|structureand anywider|Para1.51|
|networkwithwhich the||
|charity works||
|Relationshipwith anyrelated|Para1.51|
|parties||
|Other||





## 

|Charityname|Grundisbqrgh|VillageHall|
|---|---|---|
|Other namethe charityuses|||
|Reqistered charity number|1190693||
|Charity'sprincipal address|Grundisburgh|VillageHall|
||lpswichRoad||
||Grundisburgh||
||Woodbridge||
||Suffolk||
||IP13 6US||





|ame|sof the charity trus|tees whomanagethe|charity|||
|---|---|---|---|---|---|
|1|Trusteename<br>BryanLaxton|Office (ifany)<br>Chair|Datesactedifnot for whole<br>year _|Name<br>to|person (or body) entifled<br>trustee|
|2|JulianBrooks|IT||||
|e|JohnEllerby|Treasurer||||
|/+|David Keates|Events||||
|(|Carol[t/lcConnell-|Communications||||
||Theobald|||||
|6|Graham Seabrook|Operations||||
||Robbie Silk|Security||||
|B|Helen Stewart|Bookings secretary||||
|I|Karen Tatham|Secretary||||
|10||||||
|11||||||
|12||||||
|13||||||
|14||||||
|15||||||
|16||||||
|17||||||
|18||||||
|19||||||
|2A||||||






|Fundsheld ascustodian trusteesonbehalfofothers|Fundsheld ascustodian trusteesonbehalfofothers|
|---|---|
|Description oftheassets|N/A|
|held in this capacity||
|lrlame and objects of the|NIA|
|charity onwhosebehalf the||
|assetsareheldandhowthis||
|fallswithinthe custodian||
|charity'sobjects||
|Details of arrangementsfor|N/A|
|safe custody and||
|segregationofsuchassets||
|fromthe charity'sown||
|assets||



## 

## 

## 

## 

## 



## 



Registered Charity Number: 1190693
Re
ort of the Trustees and
Unaudited Financial Statements for the Year Ended 31 Janua
for
h Villa
2025
Grundisbur
e Hall

Grundisbur
h Villa
e Hall
Financial Statements
For the Year Ended 31 Janua
2025
Page
Reference and administrative details
Report of the Trustees
2to3
Independent Examiner's Report
Statement of Financial Activities
Balance Sheet
Notes to the Financial Statements
7t014

Grundisbur
h Villa
e Hall
Financial Statements
for the Year Ended 31 Janua
2025
Reference and Administrative Details
Principal address
Ipswich Road
Grundisburgh
Woodbridge
Suffolk
IP13 6US
Registered Charity number
1190693
Trustees
B Laxton (Chair)
J Brooks
J Ellerby
D Keates
C McConnell-Theobald
G Seabrook
R Silk
H Stewart
K Tatham
Independent examiner
Jonathan Beards
(MAAT) (AATQB) (AAT Licence)
7 Crawford Lane
Kesgrave
Ipswich
IP5 2GY

Grundisbur
h Villa
e Hall
Re
ort of the Trustees
For the Year Ended 31 Janua
2025
The trustees present their report with the financial statements of the charity for the year ended 31 January 2025.
The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts
and comply with the charity's governing document, The Charities Act 2011 and "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)" (As amended
for accounting periods from 1 January 2016).
Objectives and activities
The Charity's objectives are the provision and maintenance of the Village Hall for the use of the inhabitants of
Grundisburgh and its neighbourhood for (a) meetings, lectures and classes and (b) other forms of recreation
and leisure-time occupation, with the object of improving the conditions of life for the inhabitants.
In furtherance of these objectives the trustees have complied with the duty in section 4 of the Charities Act 2011
to have due regard to the Charity Commission's published general and relevant subsector guidance concerning
the operation of the Public Benefit requirement under that Act.
Achievements and performance
The charity has continued to operate from the new Village Hall site, generating income of £41,905. This income
includes £490 of restricted donations.
The charity generated a deficit of £17,040 which is considered an appropriate result for the charity given the
level of depreciation. Excluding depreciation, the charity generated a surplus of £28,067.
The charity has, via the provision of the village hall facilities, benefited a wide range of user clubs and the
general populace of Grundisburgh and the neighbouring areas.
Financial review
As at 31 January 2025 the charity had reserves of £861,668 of which £579,259 were restricted funds and
£282,408 were unrestricted funds.
The restricted funds include monies provided to the charity as part of the 2015 s106 planning agreement and
subsequent donations. These were all provided towards the construction of a new village hall on the new village
hall site.
The charity holds unrestricted cash funds in order to manage the timing of income and expenditure and to
provide funds to cover repair and maintenance costs of the village hall as they fall due.
Structure, Governance and Management
The charity is govemed by a Constitution for a Charitable Incorporated Organisation (CIO) under Association
model dated 3 August 2020. The CIO effectively commenced trading on 1 February 2022.
The constitution allows for ten representative trustees to be appointed by the members. Membership of the
CIO is open to a regular user and to the Parish Council and the Parochial Church Council.
At every Annual General Meeting one-third of the Charity Trustees shall retire from office but are eligible for re-
election.

Grundisbur
h Villa
e Hall
Re
ort of the Trustees
For the Year Ended 31 Janua
2025
Structure, Governance and Management (continued)
The trustees who served during the year were:
B Laxton (Chair)
J Brooks
J Ellerby
D Keates
C McConnell-Theobald
G Seabrook
R Silk
H Stewart
K Tatham
Plans for the future
The Trustees intend to build on the success in making the Village Hall available for use by the wider community
both in terms of hiring of the Hall facilities and provision of the facilities and beneficial support to members of
the community who might otherwise be unable to do so.
The Trustees report was approved by the Board of Trustees on 7 July 2025.
xton
J N Ellerby
Treasurer
Ir

Inde
endent Examiner's Re
Grundisbur
h Villa
e Hall
for the Year Ended 31 Janua
ort to the Trustees of
2025
I report to the charity trustees on my examination of the accounts of Grundisburgh Village Hall for the year
ended 31 January 2024.
Res
onsibilities and basis of re
ort
As the charity trustees of the Grundisburgh Village Hall you are responsible for the preparation of the accounts
in accordance with the requirements of the Charities Act 2011 ('the Act,).
I report in respect of my examination of the charity's accounts carried out under section 145 of the Act and in
carrying out my examination I have followed all applicable Directions given by the Charity Commission under
section 145(5)(b) of the Act.
Inde
endent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection
with the examination giving me cause to believe that in any material respect:
accounting records were not kept in respect of the charity as required by section 130 of the Act. or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the form and content of
accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement
that the accounts give a true and fair view which is not a matter considered as part of an independent
examination.
I have no concerns and have come across no other matters in connection with the examination to which attention
should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Jonathan Beards
(MAAT) (AATQB) (AAT Licence)
7 Crawford Lane
Kesgrave
Ipswich
IP5 2GY
7/7/lozr

Grundisbur
h Villa
e Hall
Statement of Financial Activities
Includin
income and ex
enditure account
for the Year Ended 31 Janua
2025
Unrestricted
Funds
2025
Restricted
Funds
2025
Total
2025
Total
2024
Notes
Income from:
Donations
Charitable activities
Investments
490
490
38,543
2872
4,584
49,167
329
38,543
2872
Total Income
41,415
490
41,905
54,080
Expenditure on:
Raising funds
Charitable activities
Other expenditure
150
22,459
13,113
13,113
793
793
Total expenditure
13 113
793
13906
22 609
Net income before
investment gains
28 302
303
27 999
31471
Depreciation
(45,107)
(45,107)
(52,401)
Transfer between
funds
Net Movement of
Funds
28 302
45 410
17 108
20 930
Reconciliation of
funds:
Total funds brought
forward
254 038
624 669
878 707
899 637
Total funds carried
forward
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure arose from continuing activities.

Grundisbur
h Villa
Balance sheet
At 31 Janua
e Hall
2025
2025
2024
Notes
Fixed assets
Tangible assests
10
761564
802 597
Current Assets
Cash at bank and in
hand
Prepayments
Receivables
Total Current
Assets
101,165
79,273
1,330
1922
82,525
2217
103,383
Creditors: amounts
due within one year
3347
6415
Net current assets
100036
76 110
Net assets
Funds
Unrestricted funds
Restricted funds
282,340
579 259
254,038
624.669
12
13
The financial statements were approved by the Trustees on 7 July 2025 and were signed on
their behalf by:
xton
J N Ellerby
Treasurer

Grundisbur
h Villa
e Hall
Notes to the Financial Statements
For the
ear ended 31 Janua
2025
1. Accounting policies
Charity information
Grundisburgh Village Hall is a registered charity and established as a Charitable Incorporated
Organisation (CIO) under a Constitution dated 3 August 2020.
Accounting convention
The accounts have been prepared in accordance with the charity's governing document, the Charities
Act 2011 and "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 (FRS102)" (as amended for accounting periods commencing from 1
January 2016). The charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update
bulletin 1 not to prepare a statement of cashflows.
The financial statements 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
Statement of Recommended Practice for charities applying FRS 102 rather than the version of the
Statement of Recommended practice which is referred to in the Regulations, but which has since been
withdrawn.
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 £1.
The financial statements have been prepared under the historical cost convention. The principal
accounting policies adopted are set out below.
Going concern
In the opinion of the Trustees, the charity is a going concern and will realise its assets and meet its
liabilities under the normal course of operations.
Charitable funds
Unrestricted funds are available for use at the discretion of the trustees in the furtherance of the charity's
objectives.
Restricted funds are subject to specific conditions on how they may be used. The purpose and use of
the restricted funds is set out in the notes to the financial statements.
Income
Income is recognised when the charity is legally entitled to it after any performance conditions have
been met, the amounts can be measured reliably, and it is probable that the income will be received.
Donations are recognised upon receipt unless performance conditions require a deferral of the amount.
Gift aid is recognised at the time of receipt
Gifts in kind are recognised at their fair value at the date of the gift.

Grundisbur
h Villa
e Hall
Notes to the Financial Statements
continued
For the
ear ended 31 Janua
2025
1. Accounting policies (continued)
Expenditure
Expenditure is recognised on an accrual basis. Expenditure includes any VAT which cannot be recovered
by the charity.
Raising funds comprises the costs associated with attracting voluntary income and the costs of fundraising.
Charitable activities comprise those costs incurred by the charity in managing the village hall.
Governance costs include those expenses which are associated with meeting the constitutional and
statutory requirements of the charity and include the independent examination fees and costs linked to the
strategic management of the charity.
Tangible fixed assets
Tangible fixed assets are initially measured at cost, net of depreciation and any impairment losses.
No depreciation is charged on the freehold land owned by the charity for the new village hall.
All costs in respect of the new village hall have been capitalised and will be depreciated over the useful
economic life of the new hall
Assets held historically are not capitalised or depreciated as no reliable value can be attributed.
Impairment of fixed assets
At each reporting date the Charity reviews the carrying amounts of its tangible assets to determine
whether there is any indication that those assets have suffered an impairment loss. If any such indication
exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment
loss (if any).
Cash and cash equivalent
Cash and cash equivalents include cash in hand and deposits held at call with banks.
Financial instruments
The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12
'Other Financial Instruments Issues, of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the
contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when
there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a
net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors, cash and bank balances, are initially measured at
transaction price including transaction costs and are subsequently carried at amortised cost using the
effective interest method unless the arrangement constitutes a financing transaction, where the
transaction is measured at the present value of the future receipts discounted at a market rate of interest.
Financial assets classified as receivable within one year are not amortised.

Grundisbur
h Villa
e Hall
Notes to the Financial Statements
continued
For the
ear ended 31 Janua
2025
1. Accounting policies (continued)
Basic financial liabilities
Basic financial liabilities include creditors and are initially recognised at transaction price unless the
arrangement constitutes a financing transaction, where the debt instrument is measured at the
present value of the future payments discounted at a market rate of interest. Financial liabilities
classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Derecognition of financial liabilities
Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged
or cancelled.
2. Critical accounting estimates and judgements
In the application of the Charity's accounting policies, the trustees are required to make judgements,
estimates and assumptions about the carrying amount of the assets and liabilities that are not readily
apparent from other sources. The estimates and associated assumptions are based on historical
experience and other factors that are considered to be relevant. Actual results may differ from these
estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting
estimates are recognised in the period in which the estimate is revised where the revision affects only
that period, or in the period of the revision and future periods where the revision affects both current
and future periods.
The trustees have valued the land on which the new village hall sits at £50,000. This land is subject to
restrictive covenants and planning permission relating to the new hall and as such, this reflects the
Trustees, best estimate of the fair value at the time this land was gifted to the charity.
3. Donations
2025
2024
Donations and gifts
Prior year adjustment
Total donations
490
4,584
4. Charitable activities
2025
2024
Charitable activities
Prior year adjustment
Total charitable activities
38,543
49,167
38 543

Grundisbur
h Villa
e Hall
Notes to the Financial Statements
continued
For the
ear ended 31 Janua
2025
5. Investments
2025
2024
Interest on cash deposits
6. Expenditure
Other
Costs
Governance
2025
2024
Raising Funds
Fundraising
150
Charitable activities
Audit & Accountancy fees
Cleaning
Gardening
General Expenses
Insurance
IT Software and Consumables
Licenses & subscriptions
Professional Fees
Rates
Repairs & Maintenance
Telephone & Internet
Utilities
300
300
3,562
1,645
1,038
1,330
280
254
3,562
1,645
1,038
1,330
280
254
3,104
1,354
6,189
1,219
525
534
774
199
6,044
572
1,944
210
4,134
783
(423)
210
4,134
783
(423)
Other expenditure
Loss on disposal of fixtures
793
793
Total expenditure
10

Grundisbur
h Villa
e Hall
Notes to the Financial Statements
continued
For the
ear ended 31 Janua
2025
7. Governance costs
2024
2025
Trustee expenses
AGM expenses
Independent examination fee
300
8. Trustees
None of the trustees (or any persons connected with them) received any remuneration or benefits from the
charity during the year.
During the year trustees, expenses of £NIL (2024: £0) were reimbursed.
9. Employees
The charity had no employees during the year.
11

Grundisbur
h Villa
e Hall
Notes to the Financial Statements
continued
For the
ear ended 31 Janua
2025
10. Tangible fixed assets
Fixtures Land and
& Buildings
Fittings
Total
2025
Cost
Balance as at 1 February 2024
Prior year adjustment
Additions in the year
Disposals
121,738
785,653
907,391
1,680
(2,796)
3,512
5,192
2796
Balance at 31 January 2025
120 622
789 164
909 787
Depreciation
Balance as at 1 February 2024
Charge for the year
29,527
12,990
75,268
30,439
104,795
43,429
Balance at 31 January 2025
42 517
105 707
148 224
Net book value
As at 31 January 2025
As at 31 January 2024
92,211
710,386
802,597
The land gifted on 19 January 2015, has been treated as a gift in kind and valued at the then Trustees, estimate
of its fair value at the date of the gift, being £50,000. The Trustees have taken further professional advice on
the likely current value of the land and there is no reason to alter the previously agreed value.
The depreciation rate on Buildings has been reduced from 30 years to 50 years in this financial year following
professional advice.
11. Creditors: amounts falling due within one year
Total
2025
Total
2024
Accruals
3,347
6,415
12

Grundisbur
h Villa
e Hall
Notes to the Financial Statements
For the
ear ended 31 Janua
continued
2025
12. Restricted funds
The restricted fund includes the monies and assets donated to the charity in respect of the
construction of the new village hall under the s 106 agreement dated 19 January 2015.
The £200,000 grant from the National Lottery Fund included a restriction detailed in the Deed of
Dedication dated 4 October 2021 and effective until 1 December 2027 stipulating that the charity will
not assign, transfer, charge or otherwise dispose of the Property, without written consent from the
fund.
Balance at 1
February
2024
Income
in the
year
Balance at
31
January
2025
Expenses in
the year
As at 31 January 2025
Restricted funds
13

Grundisbur
h Villa
e Hall
Notes to the Financial Statements
continued
For the
ear ended 31 Janua
2025
13. Analysis of assets
Total
As at 31 January 2025
Restricted funds
579,259
Unrestricted funds
282 340
Total funds
Total
As at 31 January 2024
Restricted funds
624,669
Unrestricted funds
254 038
Total funds
14

## 

## 

|I<br>SectionA|ndependent Examiner's Report|||
|---|---|---|---|
|Report to thetrustees/<br>membersof|GrundisburghVillageHall|||
|Onaccountsforthe year<br>ended|31January2A24|Charity no<br>(ifany)|1190693|
|Setoutonpages|1and2|||





##