**REGISTERED CHARITY NUMBER: 1199253**
**REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024**
## **FOR**
## **HUTTON ROOF VILLAGE HALL**
J F Hornby & Co Chartered Accountants The Tower Daltongate Business Centre Daltongate Ulverston Cumbria LA12 7AJ
**HUTTON ROOF VILLAGE HALL**
**CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024**
|||**Page**||
|---|---|---|---|
|**Report of the Trustees**|1|to|2|
|**Independent Examiner's Report**||3||
|**Statement of Financial Activities**||4||
|**Balance Sheet**||5||
|**Notes to the Financial Statements**|6|to|10|
|**Detailed Statement of Financial Activities**||11||
**HUTTON ROOF VILLAGE HALL**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2024**
The trustees present their report with the financial statements of the charity for the year ended 31 July 2024. The trustees have adopted the provisions of 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) (effective 1 January 2019).
## **OBJECTIVES AND ACTIVITIES**
## **Objectives and aims**
The Charity's objective is to establish and run a village hall and to promote for the benefit of the inhabitants of the Parish of Hutton Roof the provision of facilities for recreation or other leisure time occupation of individuals who have need of such facilities 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.
## **Significant activities**
Hutton Roof Village Hall CIO undertook successful applications for grant funding and began a project to extend the premises to maximise the main hall space and views, provide a new kitchen as well as a storage room. This project is largely complete.
## **Public benefit**
All events held at the Village Hall are reviewed at regular committee meetings and are organised for the benefit of the local community with some being open to the public. The events have three main objectives:
- 1) Fund raising to support the provision and running of the hall facility
- 2) Community and social events
- 3) A weekly community social event to support the parishioners
## **FINANCIAL REVIEW**
## **Reserves policy**
Reserves have been set at £5,000 to ensure that the committee can fulfill its obligations to safely preserve, maintain and improve the Village Hall building and grounds for the benefit of the residents of Hutton Roof and the general public.
The reserves policy and level of reserves considering the current finances and future development plans will be reviewed at the next AGM.
## **FUTURE PLANS**
The extension project is largely complete although complicated by the main contractor declaring themselves insolvent in spring 2024. Although the work is now complete, there remain a couple of outstanding matters to be resolved by the committee.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The charity operated under the rules of its foundation CIO constitution dated 30 May 2022, adopted on the 10 June 2022.
## **Recruitment and appointment of new trustees**
The trustees are recruited and appointed in accordance with section 10 of the CIO's constitution dated 30 May 2022.
## **Organisational structure**
Charitable Incorporated Organisation.
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Registered Charity number**
1199253
Page 1
**HUTTON ROOF VILLAGE HALL**
**REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2024**
## **Principal address**
Hutton Roof Village Hall Hutton Roof Carnforth Lancashire LA6 2PG
## **Trustees**
Ms J E Morgan Chair Ms E H Atkinson Trustee Ms E C Simpson Trustee Ms J Holt Trustee (resigned 28.9.23) Ms A C Newton Trustee (resigned 28.9.23) Mr S Geron Trustee Mrs E A Maggenis Trustee Ms N Prickett Trusee Mrs P Hall
## **Independent Examiner**
Mr P Hornby FCCA, FCA J F Hornby & Co Chartered Accountants The Tower Daltongate Business Centre Daltongate Ulverston Cumbria LA12 7AJ
Approved by order of the board of trustees on 5 December 2024 and signed on its behalf by:
Ms J E Morgan - Trustee
Page 2
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF HUTTON ROOF VILLAGE HALL**
## **Independent examiner's report to the trustees of Hutton Roof Village Hall**
I report to the charity trustees on my examination of the accounts of Hutton Roof Village Hall (the Trust) for the year ended 31 July 2024.
## **Responsibilities and basis of report**
As the charity trustees of the Trust 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 Trust'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.
## **Independent 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:
1. accounting records were not kept in respect of the Trust 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.
Mr P Hornby FCCA, FCA
J F Hornby & Co Chartered Accountants The Tower Daltongate Business Centre Daltongate Ulverston Cumbria LA12 7AJ
5 December 2024
Page 3
## **HUTTON ROOF VILLAGE HALL**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JULY 2024**
|Unrestricted
funds
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
361
Other trading activities
2
14,113
Investment income
3
780
**Total**
15,254
**EXPENDITURE ON**
Raising funds
3,366
Other
8,242
**Total**
11,608
**NET INCOME**
3,646
**Transfers between funds**
10
105,057
**Net movement in funds**
108,703
**RECONCILIATION OF FUNDS**
Total funds brought forward
259,438
**TOTAL FUNDS CARRIED FORWARD**
368,141|Year Ended
31.7.24
Restricted
Total
fund
funds
£
£
77,057
77,418
-
14,113
-
780
77,057
92,311
-
3,366
-
8,242
-
11,608
77,057
80,703
(105,057)
-
(28,000)
80,703
28,000
287,438
-
368,141|Period
10.6.22
to
31.7.23
Total
funds
£
284,115
8,813
130
293,058
3,884
1,736
5,620
287,438
-
287,438
-
287,438|
|---|---|---|
The notes form part of these financial statements
Page 4
## **HUTTON ROOF VILLAGE HALL**
## **BALANCE SHEET 31 JULY 2024**
|Unrestricted
funds
Notes
£
**FIXED ASSETS**
Investment property
7
331,145
**CURRENT ASSETS**
Debtors
8
75
Cash at bank and in hand
37,161
37,236
**CREDITORS**
Amounts falling due within one year
9
(240)
**NET CURRENT ASSETS**
36,996
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
368,141
**NET ASSETS**
368,141
**FUNDS**
10
Unrestricted funds
Restricted funds
**TOTAL FUNDS**|Restricted
fund
£
-
-
-
-
-
-
-
-|31.7.24
Total
funds
£
331,145
75
37,161
37,236
(240)
36,996
368,141
368,141
368,141
-
368,141|31.7.23
Total
funds
£
200,625
25
88,034
88,059
(1,246)
86,813
287,438
287,438
259,438
28,000
287,438|
|---|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 5 December 2024 and were signed on its behalf by:
Ms J E Morgan - Trustee
The notes form part of these financial statements
Page 5
**HUTTON ROOF VILLAGE HALL**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024**
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
## **Income**
All income (other than Grants) is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Grants are recognised in the Statement of Financial Activities on a receipts basis.
## **Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Liabilities in connection with retentions withheld have been deferred until the liability becomes virtually certain.
## **Investment property**
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the Statement of Financial Activities.
## **Taxation**
The charity is exempt from tax on its charitable activities.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
## **Comparative information**
The comparative period reports income and expenditure for the period 28 January 2023 to the 31 July 2023 therefore the comparatives are not comparable.
continued...
Page 6
**HUTTON ROOF VILLAGE HALL**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2024**
## **2. OTHER TRADING ACTIVITIES**
|**OTHER TRADING ACTIVITIES**|||
|---|---|---|
|||Period|
|||10.6.22|
||Year Ended|to|
||31.7.24|31.7.23|
||£|£|
|Fundraising events|8,277|7,198|
|Sale of electricity|3,205|579|
|Village hall hire|2,631|1,036|
||14,113|8,813|
|**INVESTMENT INCOME**|||
|Interest received|Year Ended
31.7.24
£
780|Period
10.6.22
to
31.7.23
£
130|
## **3. INVESTMENT INCOME**
## **4. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 July 2024 nor for the period ended 31 July 2023.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 July 2024 nor for the period ended 31 July 2023.
## **5. EXCEPTIONAL ITEMS**
On the 28 January 2023 Hutton Roof Village Hall, a registered charity (charity number 509695) agreed to merge with Hutton Roof Village Hall, a charitable incorporated organisation (charity number 1199253) and to transfer all of its property on behalf of the charity trustees.
The assets transferred were as follows:
|Property at fair value
Cash at bank
Petty Cash|£
200,000
72,580
200
272,780|
|---|---|
continued...
Page 7
## **HUTTON ROOF VILLAGE HALL**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2024**
## **6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
|Unrestricted
funds
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
256,115
Other trading activities
8,813
Investment income
130
**Total**
265,058
**EXPENDITURE ON**
Raising funds
3,884
Other
1,736
**Total**
5,620
**NET INCOME**
259,438
**TOTAL FUNDS CARRIED FORWARD**
259,438
**7.**
**INVESTMENT PROPERTY**
**FAIR VALUE**
At 1 August 2023
Additions
At 31 July 2024
**NET BOOK VALUE**
At 31 July 2024
At 31 July 2023|Restricted
fund
£
28,000
-
-
28,000
-
-
-
28,000
28,000|Total
funds
£
284,115
8,813
130
293,058
3,884
1,736
5,620
287,438
287,438
£
200,625
130,520
331,145
331,145
200,625|
|---|---|---|
The trustees considered the fair value of the Investment property to be £331,145 at the 31 July 2024.
continued...
Page 8
**HUTTON ROOF VILLAGE HALL**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2024**
## **8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
|Other debtors
**9.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Other creditors
**10.**
**MOVEMENT IN FUNDS**
Net
movement
At 1.8.23
in funds
£
£
**Unrestricted funds**
General fund
259,438
2,646
Designed fund
-
1,000
259,438
3,646
**Restricted funds**
Restricted fund
28,000
77,057
**TOTAL FUNDS**
287,438
80,703
Net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
14,254
Designed fund
1,000
15,254
**Restricted funds**
Restricted fund
77,057
**TOTAL FUNDS**
92,311|31.7.24
31.7.23
£
£
75
25
31.7.24
31.7.23
£
£
240
1,246
Transfers
between
At
funds
31.7.24
£
£
105,057
367,141
-
1,000
105,057
368,141
(105,057)
-
-
368,141
Resources
Movement
expended
in funds
£
£
(11,608)
2,646
-
1,000
(11,608)
3,646
-
77,057
(11,608)
80,703|
|---|---|
continued...
Page 9
**HUTTON ROOF VILLAGE HALL**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2024**
## **10. MOVEMENT IN FUNDS - continued**
## **Comparatives for movement in funds**
|**Unrestricted funds**
General fund
**Restricted funds**
Restricted fund
**TOTAL FUNDS**
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
265,058
**Restricted funds**
Restricted fund
28,000
**TOTAL FUNDS**
293,058|Net
movement
At
in funds
31.7.23
£
£
259,438
259,438
28,000
28,000
287,438
287,438
Resources
Movement
expended
in funds
£
£
(5,620)
259,438
-
28,000
(5,620)
287,438|
|---|---|
The restricted fund relates to grants received to be used towards the cost of an extension to the Village Hall.
## **11. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31 July 2024.
Page 10
## **HUTTON ROOF VILLAGE HALL**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JULY 2024**
|||Period|
|---|---|---|
|||10.6.22|
||Year Ended|to|
||31.7.24|31.7.23|
||£|£|
|**INCOME AND ENDOWMENTS**|||
|**Donations and legacies**|||
|Donations|361|185|
|Grants|77,057|11,150|
|Exceptional items|-|272,780|
|**Other trading activities**|77,418|284,115|
|Fundraising events|8,277|7,198|
|Sale of electricity|3,205|579|
|Village hall hire|2,631|1,036|
|**Investment income**|14,113|8,813|
|Interest received|780|130|
|**Total incoming resources**|92,311|293,058|
|**EXPENDITURE**|||
|**Raising donations and legacies**|||
|Sundries|45|91|
|Fund raising activity costs|3,321|3,793|
|**Support costs**|3,366|3,884|
|**Other**|||
|Rates and water|162|47|
|Insurance|995|657|
|Electricity|5,914|621|
|Fast Hosts Hosting|383|-|
|Sundries|511|40|
|Repairs and maintenance|277|371|
||8,242|1,736|
|Total resources expended|11,608|5,620|
|**Net income**|80,703|287,438|
||||
This page does not form part of the statutory financial statements
Page 11