## 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.
3
## 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:
1. 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
2. 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
|Hall hire
Fundraising
Bar
Films nights
Subs
Adverts
Miscellaneous (meter)
Interest
Broadband
Wages
Insurance
Maintenance
Fundraising
Bar purchases
Sundry consumables
Movie costs
New equipment
**Receipts less payments**
c/a
b/r
cash
United Trust Savings
M&G Investment
**Closing balances at 31st O**
c/a
b/r
Liquidity manager 35 day
cash
United Trust Savings
Charifund
**Receipts**
:
**Payments**
**:**
Utilities:Note 1
Administration:Note 2|**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|**2**|
|---|---|---|---|---|---|
||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
|Hall hire
Fundraising
Bar
Films nights
Subs
Adverts
Miscellaneous (meter)
Interest
Broadband
Wages
Insurance
Maintenance
Fundraising
Bar purchases
Sundry consumables
Movie costs
New equipment
**Receipts less payments**
c/a
b/r
cash
United Trust Savings
M&G Investment
**Closing balances at 31st O**
c/a
b/r
Liquidity manager 35 day
cash
United Trust Savings
Charifund
**Receipts**
:
**Payments**
**:**
Utilities:Note 1
Administration:Note 2|**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|**2**|
|---|---|---|---|---|---|
||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|||||