2024-10-31-accounts - Dulverton Town Hall

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DULVERTON TOWN HALL

Charity Number 1195295

FINANCIAL STATEMENTS

YEAR ENDED 31 OCTOBER 2024

Contents Legal and administrative details Trustees report Independent Examiner’s report to the Trustees Receipts and Payments account Statement of assets and liabilities	Page
	1 2 3 4 5

1 DULVERTON TOWN HALL

LEGAL AND ADMINISTRATIVE DETAILS

Governing instrument	Charitable Incorporated Organisation registered 26
	July 2021
Charity registration number	1195295
Trustees	Christine Dubery (Chairman)
	Janice Ross (Secretary)
	Keith Ross (Treasurer)
	Shuna Bland
	Steven Huckins
	Marie-Louise Parrish
	Gerald Lewis
	David Stanbury
	Sarah Tout
	Helen Tait
Principal address	10, Fore Street
	Dulverton
	Somerset
Secretary	Jan Ross
	Parklands
	39 Jury Roa
	Dulverton
	Somerset
Treasurer	K.J. Ross
	Parklands, Jury Road
	Dulverton
	Somerset
Bankers	National Westminster Bank plc
	The Parade
	Minehead, Somerset
Independent examiner	Magdalena Harding
	Sealeys, Dulverton, TA22 9HF

2 DULVERTON TOWN HALL TRUSTEES’ REPORT, YEAR ENDED 31 OCTOBER 2022

The Charitable Incorporated Organisation (CIO) was registered by the Charity Commission in 2021 having converted from an unincorporated charity named Dulverton Town Hall, registration number 264886 which was a trust dated 6 December 1930 and supplemented by a scheme dated 23 July 1997. All assets were transferred to the CIO

Governance and management

The charity is operated under the rules of its CIO Association, constitution adopted December 11[th] 2020. Trustees are voted in at a committee meeting and agree to serve and adopt all policies.

Public benefit statement

The Trustees confirm that they have complied with the duty in section 4 of the Charities Act 2006 to have due regard to the Charity Commission's general guidance on public. benefit, 'Charities and Public Benefit'

Summary of the objects of the charity set out in its constitution.

The objects of the CIO are to establish and run a community hall and to promote for the benefit of the inhabitants of the Parish of Dulverton without distinction of sex, sexual orientation, age, disability, nationality, race or political, religious or other opinions the provision of facilities for recreation or other leisure time occupation of individuals who have need of such facilities by reason of their youth, age, infirmity or disablement, financial hardship or social and economic circumstances or for the public at large in the interests of social welfare and with the object of improving the conditions of life of the said inhabitants.

Summary of the main activities in relation to their objectives

The charity provides the premises to many different local and other voluntary groups such as Dulverton Players, Dulverton Gardening Club, Dulverton Town Band, healthy living activities, and the trustees also organise community events such as film screenings, the Thrift Shop (donated unwanted clothes and articles are recycled to benefit those on low incomes and to reduce the amount of landfill).

Achievements and Performance

The past year has seen continued use of the Dulverton Town Hall by the inhabitants of Dulverton, with improved number of regular bookings by member of local and other voluntary groups since the Covid 19 epidemic. During the year the Town Hall Thrift Shop on the ground floor accepting donated goods and run entirely by local volunteers has continued to be very successful, providing funds for improvements in the Town Hall.

Dulverton Films has continued to provide regular Film Screening twice a month for the local community. Trustees have continued to invest in the Hall in order to maintain the structure as fit for purpose.

Financial review

The financial statements show that there has been an excess of receipts over payments of £16,396 (2023 £16,276) as shown on the receipts and payments account.

Reserves Policy

The trustees consider that a certain level of reserves is required in order to run the charity in an orderly and careful manner. At the year-end, the trust’s financial position is satisfactory with net assets (excluding the freehold property) of £152,853 held in unrestricted reserves. The Trustees have agreed to set the level of the Reserve Fund at one year’s expected expenditure. This is subject to ongoing review. We have invested £50,000 with the M & G Charifund and £15,000 in United Trust Bank to represent this level.

Investment powers

The trustees have the power to invest any monies not required for the immediate provision in any investment authorised by law for the investments of Trust Funds.

INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF

DULVERTON TOWN HALL

I report on the accounts of the charity.

Respective responsibilities of trustees and examiner

The charity’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 Charities Act 2011 (the 2011 Act) and that an independent examination is needed. It is my responsibility to:

-examine the accounts under section 145 of the 2011 Act;

-follow the procedures laid down in the general directions given by the Charity Commissioners under section 145(5)(b) of the 2011 Act; and

-state whether particular matters have come to my attention.

Basis of independent examiner’s report

My examination was carried out in accordance with the general directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below

Independent examiner’s statement

In connection with my examination, no matter has come to my attention:

that gives me reasonable cause to believe that, in any material respect, the requirements -
- to keep accounting records in accordance with section 130 of the 2011 Act; and
- to prepare financial statements which accord with the accounting records and to comply with the accounting requirements of the 2011 Act and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities
have not been met; or
to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

EXAMINER'S REPORT

I confirm that the above Receipts and Payments Account for the year ending 31st October 2022
is in accordance with the books and records submitted to me. All supporting documentation for expenditure is present.

Magdalena Harding, Independent Examiner, Sealeys, Dulverton, TA22 9HF

…………………………………… Date 10/12/24…………………….………

DULVERTON TOWN HALL

Charity registered number 1195295

Receipts and Payments Account Year Ended 31 October 2024

2023/24 £ £ 8,218 20,283 4,581 315 3,585	2023/24 £ £ 8,218 20,283 4,581 315 3,585	202 £ 7,535 13,280 5,469 4,345 1,235 50 278 2,964
36,982 443 2,036 7,039 3,043 2,067 577 2,733 812 1,634		398 2,040 4,577 2,919 1,700 191 2,119 497 2,736 682 1,021
20,384 16,598 2,375 36,818 1,473 15,000 50,000		1,491 45,846 2,054 40,000
105,666 ctober 2024 2,645 23,174 30,515 929 15,000 50,000 122,263		2,375 36,818 1,473 15,000 50,000
	122,263

DULVERTON TOWN HALL

Charity registered number 1195295 Statement of Assets and Liabilities 31st October 2024

2/23 £	Long Term Assets Property at valuation Current a/c Reserve a/c Liquidity a/c Cash in hand United Trust Restricted funds Charifund investment Total Assets Note 1 Electricity:Hall Water Note 2 Administration Licences Equipmentdepreciated by 10%	850,000 34,838
		2,645 23,174 30,515 929 15,000 50,000 6,798 241	884,838
35,156
			122,263
			1,007,101
		62 750	7,039
			812
18,880 16,276


89,391
	EXAMINER'S REPORT Magdalena Harding, Sealeys, Dulverton TA22 9HF 12-Dec-24 I confirm that the above Receipts and Payments Account for the year ending 31st October 2023 is in accordance with the books and records submitted to me. All supporting documentation for expenditure is present.

105,666

DULVERTON TOWN HALL

Charity registered number 1195295

Receipts and Payments Account Year Ended 31 October 2024

2023/24 £ £ 8,218 20,283 4,581 315 3,585	2023/24 £ £ 8,218 20,283 4,581 315 3,585	202 £ 7,535 13,280 5,469 4,345 1,235 50 278 2,964
36,982 443 2,036 7,039 3,043 2,067 577 2,733 812 1,634		398 2,040 4,577 2,919 1,700 191 2,119 497 2,736 682 1,021
20,384 16,598 2,375 36,818 1,473 15,000 50,000		1,491 45,846 2,054 40,000
105,666 ctober 2024 2,645 23,174 30,515 929 15,000 50,000 122,263		2,375 36,818 1,473 15,000 50,000
	122,263

DULVERTON TOWN HALL

Charity registered number 1195295 Statement of Assets and Liabilities 31st October 2024

2/23 £	Long Term Assets Property at valuation Current a/c Reserve a/c Liquidity a/c Cash in hand United Trust Restricted funds Charifund investment Total Assets Note 1 Electricity:Hall Water Note 2 Administration Licences Equipmentdepreciated by 10%	850,000 34,838
		2,645 23,174 30,515 929 15,000 50,000 6,798 241	884,838
35,156
			122,263
			1,007,101
		62 750	7,039
			812
18,880 16,276


89,391
	EXAMINER'S REPORT Magdalena Harding, Sealeys, Dulverton TA22 9HF 12-Dec-24 I confirm that the above Receipts and Payments Account for the year ending 31st October 2023 is in accordance with the books and records submitted to me. All supporting documentation for expenditure is present.

105,666