## **Well Village Institute** ## **Annual Report and Unaudited Financial Statements** For the year ended 5[th] April 2025 Registered Charity Number: 1195570 Well Village Institute (1195570) ## **Trustees Annual Report** For the period 6[th] April 2024 to 5[th] April 2025 The trustees present their annual report and financial statements of the charity for the year ended 5[th] April 2025. The financial statements have been prepared in accordance with the accounting policies set out in Note 2 to the Accounts, the Charities Act 2011, the Accounting and Reporting by Charities: Statement of Recommended Practice and the Financial Reporting Standard (FRS 102). ## **Objectives and Activities** The purpose of the charity, as set out in its governing document, is to provide and maintain a Village Institute for the use of the inhabitants of the village of Well, in North Yorkshire, including use for meetings, lectures and classes, and other forms of recreation and leisure-time occupation, with the object of improving the conditions of life for the inhabitants. The trustees have had regard to the Charity Commission guidance on public benefit. ## **Achievements and Performance** The trustees communicated throughout the year to conduct the charity business. The main activity this year was the start of significant building renovations and a large extension to the building. ## **Financial Review** Another significant donation was made shortly after the year, leaving the charity in a strong financial position to fund continuing building renovations in 2025/26. ## **Structure, Governance and Management** ## _Governing Document_ The charity is a charitable incorporated organisation (foundation model) and is controlled by its Constitution, dated 19.08.2022. ## _Recruitment and appointment of trustees_ The governing document provides for a Board of Trustees which consists of between three and eight persons. Apart from the first charity trustees, every trustee must be appointed for a term of three years by a resolution passed at a properly convened meeting of the charity trustees. The trustees will make available to each new charity trustee, on or before their first appointment: a copy of the current version of the constitution; and a copy of the CIO’s latest Trustees’ Annual Report and statement of accounts. Year Ended 5[th] April 2025 2 Wdl Village In5titute111955701- Financk?I Ststemert5 Reference and Administra Registsred a)arÈty Number- 1195570 ve Details Principal Na*lrffis- Acclom House. Well, Bedale. North Yothshire. DL8 2QF Trustees Leonard Mark Sampson Ruth Ann Smirthwaite Samuel David Oliver Webster Signed on behalf of the Board of Trustees of Well Willa9e Institute. Chair of Trustees Date.. Ye3r Ended S* April 2025 Well Village Institute (1195570) ## **Financial Statements** ## Statement of Financial Activities Year Ended 5[th] April 2025 |Notes
Unrestricted
Funds
Restricted
Funds
£
£|2025
Total
£|2024
Total
£| |---|---|---| |_Income and Endowments from:_
Donations
-
-
Charitable Activities
3
-
-
Other
350
-|-
-
350|60
85
-| |TOTAL INCOME AND ENDOWMENTS
350
-|350|145| |||| |_Expenditure on:_
Charitable Activities
Insurance
594
-
Bank Charges
22
-
Utilities
83
-
Building
-
70,541|594
22
83
70,541|587
19
89
5,549| |TOTAL EXPENDITURE
699
70,541|71,241|6,244| |||| |NET INCOME/(EXPENDITURE)
(350)
(70,541)|(70,891)|(6,099)| |||| |_Reconciliation of Funds_
Total Funds Brought Forward
73
83,231|83,304|89,403| |TOTAL FUNDS CARRIED FORWARD
(277)
12,690|12,413|83,304| Year Ended 5[th] April 2025 4 Well Villa9e Instthte11195570)- Financtal Ststements Balance heet As at 5th April 2025 2024 Fun& Fixed h4ssets.' TanglI￿e Assets TOTAL FIXED ASSErs 90,000 CurrentAssets.' Debtors Cash at bank and in hand 12.413 12A13 83,304 83￿04 TOTAL CURRENT ASSErs credito￿ (amounts falling clue within one ￿ar) Net current assets 12,413 83,304 Total assets less current liabilities 102,413 173.304 TOTAL NEf ASSErs 102.413 173,304 Funds.- Unrestricted funds: Restfiaed lunds.. TOTAL FUNDS {2771 102,690 102.413 73 173.231 173,304 The finarscial statements were approved and authorised for issue by the Board of Trustees on 30, December 2025 and werg signed on its ￿half by: Chair of Trustees The notes form part of these financial stslements. Year Ended 5th April 2025 Well Village Institute (1195570) ## **Notes to The Financial Statements** ## 1. Basis of Preparation These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value, with the exception of investments which are included at market value. The accounts have been prepared in accordance with: the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014; the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102); and, the Charities Act 2011. The charity constitutes a public benefit entity as defined by FRS 102. ## 2. Accounting Policies ## _2.1 Income_ - Recognition of Income - income is recognised in the Statement of Financial Activities (SoFA) when the charity becomes entitled to the resources, it is more likely than not that the trustees will receive the resources and the monetary value can be measured with sufficient reliability. - Grants and Donations - grants and donations are only included in the SoFA when the general income recognition criteria are met (5.10 to 5.12 FRS102 SORP). In the case of performance related grants, income must only be recognised to the extent that the charity has provided the specified goods or services as entitlement to the grant only occurs when the performance related conditions are met (5.16 FRS 102 SORP). - Tax Reclaims on donations and gifts - Gift Aid receivable is included in income when there is a valid declaration from the donor. Any Gift Aid amount recovered on a donation is considered to be part of that gift and is treated as an addition to the same fund as the initial donation unless the donor or the terms of the appeal have specified otherwise. - Contractual Income and Performance Related Grants - this is only included in the SoFA once the charity has provided the related goods or services or met the performance related conditions. ## _2.2 Expenditure and Liabilities_ - Recognition of Liabilities - liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty. - Basic Financial Instruments - the charity accounts for basic financial instruments on initial recognition as per paragraph 10.7 FRS102 SORP. Subsequent measurement is as per paragraphs 11.17 to 11.19, FRS102 SORP. ## _2.3 Debtors_ - Debtors include amounts owed to the charity for the provision of goods and services or amounts the charity has paid in advance for the goods and services it will receive. Debtors also include amounts receivable on grant funding to which the charity is entitled. - Debtors are measured at their recoverable amounts (the amount the charity anticipates it will receive from a debt or the amount it has paid in advance for goods or services). ## _2.4 Creditors_ - The charity has creditors which are measured at settlement amounts less any trade discounts. Year Ended 5[th] April 2025 6 Well Village Institute (1195570) – Notes to the Financial Statements ## 3. Income from Charitable Activities |Well Village Institute (1195570) – Notes to the Financial Statements
3. Income from Charitable Activities||| |---|---|---| |Unrestricted
Funds
Restricted
Funds|2025
Total|2024
Total| |Building Rental
-
-|-|85| |TOTAL
-
-|-|85| ## – 4. Charity Funds Current Assets _Year Ended 5[th] April 2025_ ||Opening
Funds|Incoming
Resources|Resources
Expended|

Gains/(losses)|Closing
Funds| |---|---|---|---|---|---| |Unrestricted Funds|73|350|(699)|
-|(277)| |Restricted Funds|83,231|-|(70,541)|
-|12,690| |TOTAL|83,304|350|(71,241)|
-|12,413| _Year Ended 5[th] April 2024_ ||Opening
Funds|Incoming
Resources|Resources
Expended|

Gains/(losses)|Closing
Funds| |---|---|---|---|---|---| |Unrestricted Funds|622|145|(695)|
-|73| |Restricted Funds|88,781|-|(5,550)|
-|83,231| |TOTAL|89,403|145|(6,244)|
-|83,304| ## 5. Trustee Renumeration and Benefits No trustees were paid any remuneration or received any other benefits from an employment with their charity or a related entity this year. No trustee expenses were incurred this year. Year Ended 5[th] April 2025 7