2023-04-05-accounts - Methwold Hall Complex Charitable Trust

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MethYld Hall Complex Charitable Trust Annual Report And Finantial Accounts March 2023 Methwold Hall Complex Charitable Trust Registered Charity Number 1199307 Annual Report And Financial Accounts For the year ended 31 March 2023

Methwold Hall Complex Charitable Trust Annual Report And Finanaal Accounts rch 2023 l. Administrative Information a. Re8iStered Office The registered Offi of Methwold Hall Complex Charttsble Trust is St George's Hall Compl 16-18 Hi8h StreeL Methwold. Thetford, Norfolk IP24 6NT b. Re8lStration with Charity Commission The Methwold Hall ComplpJ Charitable Trust is registered with the Charity Commission as number 1199307. c. Names of Trustees In Year Ended 31 Marth 2023 Members of the Managing Committee during the above year were: Methwold Parish CounL71 d. Names ofTrustees on the Date of Apprwdl ofAnnual Rem Members of the Sole Corporate Trustee on the date of approTRI of the Annual Report were.. Methwold Parish Counal e. Name of Bankers Barclays Bank UK Plc. Leicester. LE87 2BB 2. Strurture, Govemance and Management a. Nature of Governing t>ocument The charity was established by a Deed of Trust dated 14th October 2021 to Methwold Parish Council. Although. due to the pandemic and national restrictions. the Trust was not registered by the Charity Commission until 14th June 2022. From the time the Trust Deed was signed until confirmation that the Trust was re8iStered the village hall complex continued to be run by the parish counal. The Charl5 Procedures and Controls Policy was approved by the Trustee on 24th November 2022. b. RecruitmenL Appointmert and Training of new rnembeTh of the Sole Trustee Members of Methwold Parh Counal serve as members of the Sole Corporate Trustee of the charity. The Administrator of the charity is also Clerk to Methwold Council, the parish council also provide a Key HolderfortheTrus¢ ser4itrs wtthin the complex are invoiced to the Trust. Members of the Sole Corporate Trustee serve until the date of the next Patish Council election. If a Parish Councrllor 15 not re-elected at the time of the next Parish Council election or resigns as a Parish Councillor, he I she automaiically ceases to be a Member of the Sole Corporate Trustee of Methwold Hall Complex Charitable TrusL

Methwold Hall Complex Charitable Trust Annual Rep)rt And Financial Accounts March 2023 Candidates standing for election to Methwold Parish Council, or who have put themselves forward for co-option, are advised that part of their duties, if elerted or aFopted. would be to serve as Members of the Sole Trustees. The existfng Members of the Sole Trustees are identified as mentors to any new members and, along with the administrator, provides guidance and a source to whom queries may be addressed. c. Dates of Meetln85 Meetings are routinely held on the first Monday of each alternate calendar month. Exceptionally additional meetings may be held betsveen the usual bi-monthly meetings if there is urgent business to transact The Annual General Meeting (open to the public) of the Trust will be held in August each vear. 3. Objectives and Artiyfttes The Deed of Trust was signed on October 14th 2021 by Methwold Parish Council. As from the date of this Deed. Methwold Parish Counal as Sole Trustee holds the Properties on trust, for the public benefit, to promote for the benefit of the inhabitants of the civil parish of Methwold and the surrounding area 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 sooal welfare and with the objett of improving the conditions of life ofthe inhabitants. The village hall complex comprises of the land and two buildings on 16-18 High Street Methwold Thetford Norfolk IP26 4NT. The objettives of Methwold Hall Complex Charrtsble Trust remain wholly consistent with the statements made in the 2021 indenture to provide a wide ran8e of community activities particularly promoting tharitsble actiwties. These activities indude the provision of the village hall complex as a permanent community faolity. The trust gives priority to activities that benefft the whole of the local community. Private hire by residents of the area is then prioritized ahead of any other commercial use. In all cases. private hire is only possible at times when the complex is not in use for community groups and public artivities for the benefit of the residents of the area. In usual circumstances, the complex is also used to host recreationa5 and leisure time events for the local community. These atttvities advance the trusts charitsble purposes to provide facilities for recreation or other leisure time occupation for the benefit of the inhabitants of the local community and the surroundingarea& The complex 15 primarily used to host recreational and leisure time artivities for the benefit of the inhabitants of the avil parish of Methwold and the surrounding area, including a

Methwold Hall Complex Charitable Trust Annual Report And Financial Accounts March 2023 group for older members. a ladies group. theatre dub. history group which incorporates the village archive, badminton, zumba, baby and toddler group as well as a thildrens, imaginary play room. The complex is available for hire by indNiduals or or8anisations in accordan with a standard hiring agreement and s(31es of charges adopted for the year. A lower rate of charging applies to Ioc31 hirers of the facilities and is consistent with the condition in the indenture that the complex shall be'for the benefft and advantage of the parish and inhabitants of Methwold,. A higher set of charges applies for commeraal and trade hiring the facilities. The complex 15 also open for casual hire for events such as birthday parties. weddings. craft fairs, social events, local meetTngs, and other events. A small area of the complex is under an agreement with a third party to provide a post office to the local community. As Sole Trustee of the Trus¢ the following uiteria are considered in assessing priorising proposed new users: Priority is given to actbvities available to the widest number of beneficiaries. Priority is given to activities aimed at improving conditions of life of any of the ft)Ilowing groups: young people. old people. those who are infirm or disabled, people in linancial hardship or struggling due to other social or economic circumstsnces. Priority is given to activities that address a particular or acute area of need that has been identified within the area of communtty benefiL Whilst it is intended that in time. the overall s(ale of the tharges should be sufficient to 8enerate enough income to cover all costs. this objettive has not yet been achieved. Methwold Parish Counal will continue to SUPPOrt the trust with a support granL 4. Coronavirus (COV1[19) a) National Restrirtions The third national lockdown in early January 2021. remained in place, with the exception of the re-opening of schools, at the start of the finanoal year. From 12 April 2021 non-essential retail and outdoor venues, induding pubs, were allowed to re-open. In mid-may 2021 indoor venues including pubs. restaurants and onemas were allowed to re- open and all legal limits on social contact were removed with effett from 21 June 2021 b) Impact on the Trust As a consequence of the national restrirtions. the Trust was not registered by the Charity Commission until 14th June 2022. Up until the time the Trust was re8iStered the complex continued to be run by the parish council.

Methwold Hall Complex Chartsble Trust Annual Rep)rt And Financial Accounts March 2023 The complex was open at the start of the finanoal year, although not used as much as pre- covid. The staff We not furloughed as they were Still required to carry out administration and Key Holder duties albeit at reduced levels. The enhanced deaning regime remained in pla. 5. Achievements and Performance The changeover of all sernices and contracts from Parish Council to Trust has taken some time to complete. Once lockdown v4as lifted the complex opened fully again but was noticeably quieter during 2021/22 and in 2022123 people still seemed (autious about meeting in larger groups. The Members of the Sole Trustee are supported by a hall working group which is made up of six members from the Trust who carry out the hands-on day to day management and running of the Complex. this is similar to howthe parish council and the previous hall working group used to work together, with the hall Broup runnin8 the complex day to day, and reporting to the Sole Trustee several times a year or as necessary. but it is totally separate and there will be different rules to that of the parish council. Whilst the working group is made up of six members, others may be bought in as required in the future depending on projects and events at the comple An events group was fom)ed in October 2022 Vlryth three members of the parish counol supported by volunteers who organise community events at the comple& the community 'hot spot. for those who wished to meet up for a hot meal and company. Christmas dinner. a big community lunch. and community events. a fete. Christmas party. summer fete. No member of the parish council receives any remuneration or has an interest {otherwise than as a member) in any contrart entered into by Methwold Hall Complex Charitable Trust. The Members of the Sole Trustee meet formally at least six times per year to discuss the affairs of the Trust and provide minutes of such meetings to the next meeting of the Sole Trustee. The working group is a less formal group of members. who generally meet monthly. These members also help with tssks to maintsin the buildin8 and 8ive time and advice to help its day to day running. Maintenance and improvements to the complex was previously undertaken by the parish council and in 2021/22 improvements were made to the complex to replace and enlarge windows in the Fenton Room, and a new fire exit d¢)or and ramp were instslled for those using the room. Maintenance plans are re8u13rly reviewed updated as required. This will identify the outline future funding requirements and prioritises those items which are ne$sary to safeguard the building's structure. to meet health and safety requirements. and to improve the village hall comple& to ensure its longevity for the community.

Methwold Hall Complex Charitsble Trust Annual Report And Financial Actounts March 2023 Methwold Hall Complex offers 12 rooms for hire {excluding storage spaces. kitchens and bathrooms). The main rooms are 5t George's Hall. Fenton Room and 21 Room and 3 meeting rooms. Peggws Room, Mini Methwold and the Party Room. St George's Hall has maximum (apacity of 250 people. Next to the Main Hall is the Fenton Room with a maximum capatity of 120 people, this room has a kitchen. Upstsirs is the Spencer Room with a maximum capacity of 15 people. In the second building the 21 Roorn has a maximum capaaty of 120 people, and Peggy's Room, which has a maximum capacity of 30 people. In the same building is the childrens imaginary playroom {Mini Methwoldl, which hasa capaatyof 36 people and the party room has a maximum capatity of 36 people. Specific room hire depends on the number of people attending eath funrtion, and room availability. Several local group5 and dubs meet in the different rooms of the complex including Busy Bees, Methwold History Group. Methwold Theatre Club. Methwold Ladies Group, Methwold Baby & Toddler Group. Methwold Badminton aub. Willow Workshop. Zumba, Sewing Group, Spiritualist church and craft fairs. Mini Methwold is an imaginary childrens playroom which. pre-covid was very popular for children'5 Parties and play sessions. the party room is available for hire and being opposite Mini Methwold is espeaally popularfor birthday parties. The Methwold Baby & Toddler group meet in these rooms once 3 week during term time and a local breastfeeding SUPPOrt group for mums meets once a month in Mini Methwold. Additionally, rooms can be hired for birthday parties (for a wide range of ages) and other family funttions, including funeral teas. and wedding receptions and by the Borough Council. The complex also acts as a polling ststion for elertions. The 21 Room has held the weekly Hot Spot meals, theatre performances, and parish council meetings. Peggy's Room is a meeting room that also holds the Methwold Archive. vthich has manv interesting local artifacts and documents, held in trust for the community and for research. The History group and Ladies Group generally meet in this room. This room is also used for smaller meetin8s and educatSonal and training sessions. Local commercial enterprises hire a hall for events such as stsff training days. The Members of the Sole Trustees consider that the above meets the requirements laid out in the Declaration of Trust that the village hall complex shall be used 'for the public benefit, to promote for the benetst of the inhabitsnts of the ovil parish of Methwold and the surrounding area the provision of frdcilities 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 objert of improving the conditions of life of the said inhabitsnts.

Methwold Hall Complex Charitsble Trust Annual Report And Financial Accounts Marth 2023 6. Public Benefit Statement The Trvstees are confidentthat they have complied with their duty to have due regard to the guidance on public benefit published by the Charity Commission in the exercising of their powers and duties. 7. Risk Management Statement The Trustees also consider that they have the right skills and experience to understsnd financial information and identify and manage risks. On an ongoing basis. the bi-monthly Trustee meetings keep track of income and spending against the budget. Strategically, the Trust focus on the protettion and development of the income stream from the hiring of rooms in the village hall complex. the control of day-to day costs of running the village hall complex. and the estsblishment of a longer-term expenditure plan covering capitsl projects to maintain the village hall complex. More detail is given in Section 8. 8. Financial Review a. Review of Year 2022123 The Trust received a Support Grant of £5,0(X) from Methwold Parish Council to set up the bank account and £20.OCM)towards the running costs of the village halls, this amount was to cover costs from 14rh ortober 2021 when the Deed was signed. The total of £25.{).00 has been allocated £8.326.31 to 2023 and £16.673.69 to 2022 In this time the parish council continued to run the village halls and separate columns for St Georges Hall and Old Soaal Club were kept in the cashbook to keep track of the cost to run the village halls and income from hires. It took several months to set up the bank accountforthe Trust and once the Trust was been re8lStered- 14 June 2022 the process began to change all payments and receipts over to the new Trust bank account. this process is takingtime to complete. Income in 2022 included £11,398.20 for lettings and in 2023 lettings £12.930.00 paid directly to the Trust. An additional £3,180.80 in 2022 and £4.842.22 in 2023 was received from Methwold Parish Council, this v$ for hires paid to the parish council between Ottober 2021 and December 2022. Damage deposits refunds in 2022 were £350.CKI and 2023 £850.IX) which were refunded to hirers.

Methwold Hall Complex Charitsble Trust Annual Report And Financial Accounts March 2023 Income from events organised by the Events group induded:_ A Christmas dinner whidi raised sales of £1,211.50 with additional donations of £125.C Coronation Big Lunch donations £525.50 General donations of £500.CIJ Hotspot donations £4,213.72 General donation of£22.33 Expenses Totsl expenses from the Christmas Dinner. Coronation Big Lunth and the Hotspot £3.915.11. Insurance for the two buildin8S totslled £774.88. Because there are two village halls the Borough Counol charged rates on both buildings, stsrtbng in April 2021. St George's Hall £376.50 per month and the Old Soaal aub £687.25 per month, these payments continued until November 2021 when the Trust document had been signed and sentto the Charity Commission. 3 copy of the Trust documents were sent to the Borough Council as proof of the Trusts existence, £1.358.83 for rates was refunded in January 2022 and £2,703.81 refunded in February 2022. In 2022 £11,240 of improvements, repairs and rna1ntenan including the installation of a canopy at Mini Methwold to enable children to play outside in inclement weather. a new external door vMth disabled access ramp and replacement windows in the Fenton Room along with repairs to the roof in Mini Methwold wa5 carried OUL In 2023 the amount spent on repairs was £150.C(). There was a significant increase in the cost of oil Boing from £2,281.49 in 2022 to £3,414.89 in 2023. electricity increased from £1,021.29 with a refund of £359.26 to £1607.88 with a refund of £295.50 was received. Grounds Maintenan for the areas around the halls and car parks increased from £607.50 to £3,198.10 to village halls since the upkeep has transferred to the Trust. The costof water at the halls has doubled. New signage for the halls has been purchased. Staff costs have increased as the village halls have become busier in 2023 these were £9.716.11 and 2022 staff costs were £8.330.87 these are invoiced from Methwold Parish Council to the Trust. There is also a cost for the independent examination and accountsncy of £3.[.00. Due to increased costs of running the village hall complex an increase of IO% was made to the room letting rates in February 2023. b. Reserves Policy Currently there is no Reserves Policy in pla. This is because the tharity is new and has not had time to accrue any reserves, it is envisaged that in time a policy will be adopted. 9. Plans for Futu Periods To assist the Trustees in their legal responsibility to ensure that the Methwold Hall Complex Charitsble Trust remains solvent the main focus of efforts is to seek to match income and

Methwold Hall Complex Charitsble Trust Annual Report And Financial Accounts March 2023 expenditure. Opportunities will be examined to increase income and to secure grant funding for suitable projerts whilst costs will remain under review. The programme of maintenance and enhancements to, and refurbishment of, the internal fabric and fixtures and fitting5 will be an ongoing commitment to the maintenance and servicing of existing facilities. An area of concern is the impart of increased running costs, these will be monitored closely. Increasing the attractbveness of the wllage hall complex to potential hirers will continue to be identified and consideration given to their funding in the short to medium term as resources permit. Longer-term expenditure plan for maintenance and improvements to the village hall complex over subsequent years will continue to be reviewed and further developed. 10. Statement of Trustee< Responsibilities The Trustees are responsible for preparing the Trustees. Annual Report and the financial ststements in accordan with applicable law and United Kingdom Accounting Stsndards (United Kingdom Generally Accepted Accounting Practice). The law appli(able to charities in England and Wales requires the Trustees to prepare financial statements for each finanoal yearwhich give a true and fair view of the financial position of the charity and of the incoming resources and application of resources of the charity for that year. In preparing these tinanaal statements the trustees are required to: selert Suitable accounting policies and then apply them consistently. observe the methods and prinuples in the Charitie5 SORP: make judgements and estimates that are reasonable and prudenL state whether applicable UK Accounting Stsndards have been followed. subjett to any material departures disclosed and explained in the finanoal statements: and prepare the finanaal sLitements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial ststements comply with the Charities Act 2011 and the Charity (Accounts and Reports) Regulations 21XJ8. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved on behalf of the sole corpornte trustee on 30 July 2024 and signed on its behalf by: Martin French as chair of the Methwold Parish Council

	CharityName: MethwoldHalllComplexCharitableTrust	CharityName: MethwoldHalllComplexCharitableTrust	CharityName: MethwoldHalllComplexCharitableTrust	CharityNo	1199307
	Annualaccountsforthe period
	Period start date	01-Apr-22	To	Period end date	31-Mar-23

Section A	Statement of financial activities
Recommended categories by activity Guidance Notes Incoming resources (Note 3) Income and endowments from: Donations and legacies S01 Charitable activities S02 Other trading activities S03 Investments S04 Separate material item of income S05 Other S06 S07 Resources expended (Note 6) Expenditure on: Raising funds S08 Charitable activities S09 Separate material item of expense S10 Other S11 S12 S13 Net gains/(losses) on investments S14 S15 Extraordinary items S16 S17 S18 Other gains/(losses) S19 S20 *Reconciliation of funds:* S21 S22 1 *Total* *Net movement in funds* Total funds brought forward *Total funds carried forward* *Total* Net income/(expenditure) before investment gains/(losses) Net income/(expenditure) Transfers between funds Other recognised gains/(losses): Gains and losses on revaluation of fixed assets for the charity’s own use		Unrestricted funds Restricted income funds Endowment funds Total funds Prior year funds £ £ £ £ £ F01 F02 F03 F04 F05
		23	5,364	-	5,387	-
		17,472	-	-	17,472	14,579
			1,212	-	1,212	-
		-	-		-	-
		8,326	-	-	8,326	16,674
		-	-	-	-	-
		25,821	6,576	-	32,397	31,253

			3,915	-	3,915	-
		29,272	-	-	29,272	40,781
		-	-	-	-	-
		-	-	-	-	-
		29,272	3,915	-	33,187	40,781

		3,451 -	2,661	-	790 -	9,528 -
		-	-	-	-	-
		3,451 -	2,661	-	790 -	9,528 -
		-	-	-	-	-
		-	-	-	-	-

		-	-	-	-	-
		-	-	-	-	-
		3,451 -	2,661	-	790 -	9,528 -

		9,047	-	-	9,047	18,575
		5,596	2,661	-	8,257	9,047

Section B Balance sheet

Unrestricted funds £ F01	Restricted income funds £ F02	Endowment funds Total this year £ £ F03 F04	Endowment funds Total this year £ £ F03 F04	Total last year £ F05
-	-		-
-	-	1,796,873	1,796,873	1,796,873
-	-	-	-	-
-	-	-	-	-
-	-	1,796,873	1,796,873	1,796,873

-	-	-	-	-
-	-	-	-	9,047
-	-	-	-	-
10,782	2,661		13,443	-
10,782	2,661	-	13,443	9,047

5,186	-	-	5,186	-

5,596	2,661	-	8,257	9,047

5,596	2,661	1,796,873	1,805,130	1,805,920

-	-	-	-	-
-	-	-	-	-

5,596	2,661	1,796,873	1,805,130	1,805,920

-		1,796,873	1,796,873	1,796,873
	2,661		2,661	-
5,596		-	5,596	9,047
			-
5,596	2,661	1,796,873	1,805,130	1,805,920

Signature		Print Name		Date of approval dd/mm/yyyy
		Martin French		30-Jul-24

CC17a (Excel)

05/08/2024

Section C Notes to the accounts

Note 1 Basis of preparation

This section should be completed by all charities .

1.1 Basis of accounting

These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The accounts have been prepared in accordance with:

the Statement of Recommended Practice: Accounting and Reporting by Charities • and with ✓ 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 • and with ✓ the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) • and with the Charities Act 2011. The charity constitutes a public benefit entity as defined by ✓ FRS 102.*

-Tick as appropriate

1.2 Going concern

If there are material uncertainties related to events or conditions that cast significant doubt on the charity's ability to continue as a going concern, please provide the following details or state "Not applicable", if appropriate:

An explanation as to those factors that support The trustees consider that there are no material uncertainties about the conclusion that the charity is a going the Charity’s ability to continue as a going concern. The trustees concern; have considered a period of one year from the accounts signing date to assess the charity's ability to continue as a going concern. Disclosure of any uncertainties that make the Not applicable going concern assumption doubtful; Where accounts are not prepared on a going Not applicable concern basis, please disclose this fact together with the basis on which the trustees prepared the accounts and the reason why the charity is not regarded as a going concern.

1.3 Change of accounting policy

The accounts present a true and fair view and the accounting policies adopted are those outlined in note { }.

Yes No *Please disclose*	✓	* -Tick as appropriate	* -Tick as appropriate

	:
*(i) the nature of*	*the chan*	*ge in accounting policy;*	Not applicable
*(ii) the reasons* *provides more r* *and*	*why appl* *eliable an*	*ying the new accounting policy* *d more relevant information;*	Not applicable
*(iii) the amount* *in the current p* *the aggregate a* *periods before t*	*of the adj* *eriod, eac* *mount of* *hose pre*	*ustment for each line affected* *h prior period presented and* *the adjustment relating to* *sented, 3.44 FRS 102 SORP.*	Not applicable

1.4 Changes to accounting estimates

No changes to a	ccounting	estimates have occurred in the reporting period (3.46 FRS 102 SORP).	estimates have occurred in the reporting period (3.46 FRS 102 SORP).
Yes No *Please disclose*	✓	* -Tick as appropriate

	:
*(i) the nature of*	*any chan*	*ges;*	Not applicable
*(ii) the effect of* *assets and liabi*	*the chan* *lities for t*	*ge on income and expense or* *he current period; and*	Not applicable
*(iii) where pract* *more future per*	*icable, th* *iods.*	*e effect of the change in one or*	Not applicable

1.5 Material prior year errors

No material prior year error have been identified in the reporting period (3.47 FRS 102 SORP).

Yes ✓ * -Tick as appropriate No Please disclose: Not applicable (i) the nature of the prior period error; (ii) for each prior period presented in the accounts, the Not applicable amount of the correction for each account line item affected; and (iii) the amount of the correction at the beginning of the Not applicable earliest prior period presented in the accounts.

CC17a (Excel)

05/08/2024

Section C Notes to the accounts (cont)

Note 2 Accounting policies

Please complete this note when first reporting under FRS2102. Section 35 of FRS102, requires 3 reconciliations to be presented, if all are applicable.

2.1 RECONCILIATION WITH PREVIOUS GENERALLY ACCEPTED ACCOUNTING PRACTICE

----- Start of picture text -----
Please provide a description
of the nature of each change No changes in accounting policy
in accounting policy
Reconcilation of funds per previous GAAP to funds determined under FRS 102
Start of End of
period period
£ £
Fund balances as previously
stated
Adjustments:
Fund balance as restated
Reconcilation of net income/(net expenditure) per previous GAAP to net income/(net expenditure) under FRS 102
End of
£
Net income/(expenditure) as previously
stated
Adjustments:
Previous period net income/(expenditure) as
restated
----- End of picture text -----

CC17a (Excel)

05/08/2024

Section C Notes to the accounts (cont)

Note 2 Accounting policies 2.2 INCOME

This standard list of accounting policies has been applied by the charity except for those ticked "No" or "N/a". Where a different or additional policy has been adopted then this is detailed in the box below.

Recognition of income Gifts in kind for use by the charity are included in the SoFA as income from donations when receivable. Support costs The charity has incurred expenditure on support costs. Volunteer help Donated goods for resale are measured at fair value on initial recognition, which is the expected proceeds from sale less the expected costs of sale, and recognised in 'Income from other trading activities' with the corresponding stock recognised in the balance sheet. On its sale the value of stock is charged against 'Income from other trading activities' and the proceeds from sale are also recognised as 'Income from other trading activities'. Goods donated for on-going use by the charity are recognised as tangible fixed assets and included in the SoFA as incoming resources when receivable. The value of any voluntary help received is not included in the accounts but is described in the trustees’ annual report. These are included 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. Donated goods Contractual income and performance related grants Offsetting There has been no offsetting of assets and liabilities, or income and expenses, unless required or permitted by the FRS 102 SORP or FRS 102. 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). This is only included in the SoFA once the charity has provided the related goods or services or met the performance related conditions. Donated goods are measured at fair value (the amount for which the asset could be exchanged) unless impractical to do so. 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). Legacies Legacies are included in the SOFA when receipt is probable, that is, when there has been grant of probate, the executors have established that there are sufficient assets in the estate and any conditions attached to the legacy are either within the control of the charity or have been met. Government grants The charity has received government grants in the reporting period 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. Donated services and facilities that are consumed immediately are recognised as income with an equivalent amount recognised as an expense under the appropriate heading in the SOFA. The cost of any stock of goods donated for distribution to beneficiaries is deemed to be the fair value of those gifts at the time of their receipt and they are recognised on receipt. In the reporting period in which the stocks are distributed, they are recognised as an expense at the carrying amount of the stocks at distribution. Donated services and facilities Donated services and facilities are included in the SOFA when received at the value of the gift to the charity provided the value of the gift can be measured reliably. Income from interest, royalties and dividends This is included in the accounts when receipt is probable and the amount receivable can be measured reliably. Income from membership subscriptions Membership subscriptions received in the nature of a gift are recognised in Donations and Legacies. Membership subscriptions which gives a member the right to buy services or other benefits are recognised as income earned from the provision of goods and services as income from charitable activities.	Yes No N/a	Yes No N/a	Yes No N/a
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	Yes No N/a	Yes No N/a
		✓
	Yes No N/a
		✓
	Yes No N/a
	✓
	Yes No N/a
	✓
	Yes No N/a
	✓
	Yes No N/a
		✓
	Yes No N/a
		✓
	Yes No N/a
		✓
	Yes No N/a
	✓
	Yes No N/a
		✓
	Yes No N/a
		✓
	Yes No N/a
	✓
	Yes No N/a
✓
	✓
	Yes No N/a
		✓
	Yes No N/a
		✓
	Yes No N/a
		✓
	Yes No N/a
		✓
	Yes No N/a
		✓
	Yes No N/a
		✓
	Yes No N/a
		✓
	Yes No N/a
		✓
	Yes No N/a
		✓
	Yes No N/a
		✓

POLICIES ADOPTED ADDITIONAL TO OR DIFFERENT FROM THOSE ABOVE Current asset investments The charity has has investments which it holds for resale or pending their sale and cash and cash equivalents with a maturity date less than one year. These include cash on deposit and cash equivalents with a maturity date of less than one year held for investment purposes rather than to meet short term cash commitments as they fall due. They are valued at fair value except where they qualify as basic financial instruments. None	Yes No N/a	Yes No N/a
		✓
	Yes No N/a
		✓

None

Section C Notes to the accounts (cont)

Note 3 Analysis of income

Note 3 Analysis of income	Analysis of income	Analysis of income	Analysis of income	Analysis of income	Analysis of income	Analysis of income
Unrestricted funds Restricted income funds Endowment funds Total funds Prior year £ £ Donations and gifts 23 5,364 -5,387- Gift Aid - - - - - Legacies - - - - - General grants provided by government/other charities - - - - - Membership subscriptions and sponsorships which are in substance donations - - - - Donatedgoods,facilities and services - - - - - Other - - - - Total 23 5,364 - 5,387 - Hall hire 17,472 - -17,472 14,579 - - - - - - - - - - Other - - - - - Total 17,472 - -17,472 14,579 Christmass dinner - 1,212 -1,212- - - - - - - - - - - Other - - - - - Total - 1,212 -1,212- Interest income - - - - - Dividend income - - - - - Rental and leasing income - - - - - Other - - - - - Total - - - - - Methwold Parish Council Support Grant 8,326 - -8,326 16,674 - - - - - - - - - - - - - - - Total 8,326 - -8,326 16,674 Conversion of endowment funds into income - - - - - Gain on disposal of a tangible fixed asset held forcharity's ownuse - - - - - Gain on disposal of a programme related investment - - - - - Royalties from the exploitation of intellectual propertyrights - - - - - Other - - - - - Total - - - - - 25,821 6,576-32,397 31,253 Other information: Analysis Donations and legacies: Charitable activities: TOTAL INCOME Other: Other trading activities: Income from investments: Separate material item of income:	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year £ £ Analysis
	Donations and gifts	23	5,364	-	5,387	-
	Gift Aid	-	-	-	-	-
	Legacies	-	-	-	-	-
	General grants provided by government/other charities	-	-	-	-	-
	Membership subscriptions and sponsorships which are in substance donations	-	-	-	-
	Donatedgoods,facilities and services	-	-	-	-	-
	Other	-	-	-	-
	Total	23	5,364	-	5,387	-

	Hall hire	17,472	-	-	17,472	14,579
		-	-	-	-	-
		-	-	-	-	-
	Other	-	-	-	-	-
	Total	17,472	-	-	17,472	14,579

	Christmass dinner	-	1,212	-	1,212	-
		-	-	-	-	-
		-	-	-	-	-
	Other	-	-	-	-	-
	Total	-	1,212	-	1,212	-

	Interest income	-	-	-	-	-
	Dividend income	-	-	-	-	-
	Rental and leasing income	-	-	-	-	-
	Other	-	-	-	-	-
	Total	-	-	-	-	-

	Methwold Parish Council Support Grant	8,326	-	-	8,326	16,674
		-	-	-	-	-
		-	-	-	-	-
		-	-	-	-	-
	Total	8,326	-	-	8,326	16,674

	Conversion of endowment funds into income	-	-	-	-	-
	Gain on disposal of a tangible fixed asset held forcharity's ownuse	-	-	-	-	-
	Gain on disposal of a programme related investment	-	-	-	-	-
	Royalties from the exploitation of intellectual propertyrights	-	-	-	-	-
	Other	-	-	-	-	-
	Total	-	-	-	-	-

		25,821	6,576	-	32,397	31,253

All income in the prior year was unrestricted except for: (please provide description and amounts)		Yes
Where any endowment fund is converted into income in the reporting period, please give the reason for the conversion. Where any endowment fund is converted into income in the prior period, please give the reason for the conversion.
		Not Applicable

		Not Applicable

Within the income items above the following items are material: (please disclose the nature, amount and any prior year amounts)		Not Applicable

CC17a (Excel)

05/08/2024

Section C Notes to the accounts (cont)

Note 4 Analysis of receipts of government grants

This year Description £ Government grant 1 - Government grant 2 - Government grant 3 - Other - Total - Last year Description £ Government grant 1 - Government grant 2 - Government grant 3 - Other - Total - This year Last year Please provide details of any unfulfilled conditions and other contingencies attaching to grants that have been recognised in income. This year Last year

Please give details of other forms of government assistance from which the charity has directly benefited.

CC17a (Excel)

05/08/2024

Section C Notes to the accounts (cont)

Note 5 Donated goods, facilities and services

Use of property Other Seconded staff	This year Last year £ £	This year Last year £ £
	-	-
	-	-
	-	-
	-	-

	Lastyear
Please provide details of the accounting policy for the recognition and valuation of donated goods, facilities and services.
Please provide details of any unfulfilled conditions and other contingencies attaching to resources from donated goods and services not recognised in income. Please give details of other forms of other donated goods and services not recognised in the accounts, eg contribution of unpaid volunteers.

CC17a (Excel)

05/08/2024

Section C Notes to the accounts (cont)

Note 6 Analysis of expenditure

Analysis Expenditure on raising funds:	Unrestricted funds Restricted income funds Endowment funds Total funds Unrestricted funds Restricted income funds Endowment funds Total funds £ £ This year Last year	Unrestricted funds Restricted income funds Endowment funds Total funds Unrestricted funds Restricted income funds Endowment funds Total funds £ £ This year Last year	Unrestricted funds Restricted income funds Endowment funds Total funds Unrestricted funds Restricted income funds Endowment funds Total funds £ £ This year Last year	Unrestricted funds Restricted income funds Endowment funds Total funds Unrestricted funds Restricted income funds Endowment funds Total funds £ £ This year Last year	Unrestricted funds Restricted income funds Endowment funds Total funds Unrestricted funds Restricted income funds Endowment funds Total funds £ £ This year Last year	Unrestricted funds Restricted income funds Endowment funds Total funds Unrestricted funds Restricted income funds Endowment funds Total funds £ £ This year Last year	Unrestricted funds Restricted income funds Endowment funds Total funds Unrestricted funds Restricted income funds Endowment funds Total funds £ £ This year Last year	Unrestricted funds Restricted income funds Endowment funds Total funds Unrestricted funds Restricted income funds Endowment funds Total funds £ £ This year Last year
Incurred seeking donations	-		-	-	-	-	-	-
Incurred seeking legacies	-	-	-	-	-	-	-	-
Incurred seeking grants	-	-	-	-				-
Operating membership schemes and social lotteries	-	-	-	-				-
Staging fundraising events	-	3,915	-	3,915				-
Fudraising agents	-	-	-	-				-
Operating charity shops	-	-	-	-				-
Operating a trading company undertaking non-charitable trading activity	-	-	-	-				-
Advertising, marketing, direct mail and publicity	-	-	-	-	-	-	-	-
Start up costs incurred in generating new source of future income	-	-	-	-	-	-	-	-
Database development costs	-	-	-	-	-	-	-	-
Other trading activities	-	-	-	-				-
Investment management costs:	-	-	-	-				-
Portfolio management costs	-	-	-	-	-	-	-	-
Cost of obtaining investment advice	-	-	-	-	-	-	-	-
Investment administration costs	-	-	-	-	-	-	-	-
Intellectual property licencing costs	-	-	-	-	-	-	-	-
Rent collection, property repairs and maintenance charges	-	-	-	-	-	-	-	-
	-	-	-	-	-	-	-	-
Total expenditure on raising funds	-	3,915	-	3,915	-	-	-	-
Expenditure on charitable activities:
Costs of maintaining and running the Hall	29,272	-	-	29,272	40,781	-	-	40,781
	-	-	-	-	-	-	-	-
	-	-	-	-	-	-	-	-
	-	-	-	-	-	-	-	-
Total expenditure on charitable activities	29,272	-	-	29,272	40,781	-	-	40,781
Separate material item of expense
	-	-	-	-	-	-	-	-
	-	-	-	-	-	-	-	-
	-	-	-	-	-	-	-	-
Total	-	-	-	-	-	-	-	-
Other
	-	-	-	-	-	-	-	-
	-	-	-	-	-	-	-	-
	-	-	-	-	-	-	-	-
	-	-	-	-	-	-	-	-
TOTAL EXPENDITURE Total other expenditure	-	-	-	-	-	-	-	-
	29,272	3,915	-	33,187	40,781	-	-	40,781

Other information:

Analysis of expenditure on charitable activities

CC17a (Excel)

05/08/2024

	Thisyear	Thisyear	Thisyear	Thisyear	Lastyear	Lastyear	Lastyear	Lastyear
Activity or programme	Activities undertaken directly	Grant funding of activities	Support Costs	Total this year	Activities undertaken directly	Grant funding of activities	Support Costs	Total last year
	£	£	£	£	£	£	£	£
Activity1	-	-	-	-	-	-	-	-
Activity2	-	-	-	-	-	-	-	-
Other	-	-	-	-	-	-	-	-
Total	-	-	-	-	-	-	-	-

CC17a (Excel)

05/08/2024

Section C Notes to the accounts (cont)

Note 7 Extraordinary items

Please explain the nature of each extraordinary item occurring in the period.

Description	This year Last year £ £	This year Last year £ £
	-	-

	-	-
	-	-
	-	-

	-	-
s	-	-

Extraordinary item 1 Extraordinary item 2 Extraordinary item 3 Extraordinary item 4 Total extrordinary items

CC17a (Excel)

05/08/2024

Section C Notes to the accounts

Note 8 Funds received as agent

8.1 Please complete this note if the charity has agreed to administer the funds of another entity as its agent. Note: If a charity is acting as an agent, it should not recognise the income in the Statement of Financial Activities or the Balance Sheet.

		Amount received	Amount received	Amountpaid out	Amountpaid out	Balance held atperiod end	Balance held atperiod end
Description/name of party	Related party (Yes or No)	Thisyear	Lastyear	Thisyear	Lastyear	Thisyear	Lastyear
		£	£	£	£	£	£
		-	-	-	-	-	-
		-	-	-	-	-	-
		-	-	-	-	-	-
		-	-	-	-	-	-
		-	-	-	-	-	-
Total		-	-	-	-	-	-

8.2 Where a consortia or similar arrangement exists whereby 2 or more charities co-operate to achieve economies in the purchase of goods or services, please discose details of any balances outstanding between any participating members.

Description/name of party	Balance held atperiod end	Balance held atperiod end
	Thisyear	Lastyear
	£	£
	-	-
	-	-
	-	-
	-	-
	-	-
Total	-	-

CC17a (Excel)

05/08/2024

Section C Notes to the accounts

Note 9 Support Costs

Please complete this note if the charity has analysed its expenses using activity categories and has support costs.

This year

This year
Support cost (examples)	Raising funds	Activity 1	Activity 2	Activity 3	Grand total	Basis of allocation
	£	£	£	£	£	(Describe method)
Governance	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
Other	-	-	-	-	-
Total	-	-	-	-	-

Last year

Last year
Support cost (examples)	Raising funds	Activity 1	Activity 2	Activity 3	Grand total	Basis of allocation
	£	£	£	£	£	(Describe method)
Governance	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
Other	-	-	-	-	-
Total	-	-	-	-	-

Please provide details of the accounting policy adopted for the apportionment of costs between activities and any estimation techniques used to calculate their apportionment.

CC17a (Excel)

05/08/2024

Section C Notes to the accounts

Note 10 Details of certain items of expenditure

10.1 Fees for examination of the accounts

Please provide details of the amount paid for any statutory external scrutiny of accounts and other services provided by your independent examiner. If nothing was paid please enter '0' in the appropriate box(es).

Other fees (for example: financial advice, consultancy, accountancy services) paid to the independent examiner Independent examiner’s fees Assurance services other than audit or independent examination Tax advisory fees	This year £	Last year £
	3,000	-
	-	-
	-	-
	-	-

CC17a (Excel)

05/08/2024

Section C Notes to the accounts (cont)

Note 11 Paid employees Please complete this note if the charity has any employees.

11.1 Staff Costs

This year: Salaries and wages Social security costs Other employee benefits Total staff costs Pension costs (defined contribution scheme)	This year £	Last year £
	-	-
	-	-

	-	-
	-	-

Please provide details of expenditure on staff working for the charity whose contracts are with and are paid by a related party Last year:

Please provide details of expenditure on staff working for the charity whose contracts are with and are paid by a related party

Please give details of the number of employees whose total employee benefits (excluding employer pension costs) fell within each band of £10,000 from £60,000 upwards. If there are no such transactions, please enter 'true' in the box provided.

No employees received employee benefits (excluding employer pension costs) for the reporting period of more than £60,000

Band	Number of employees	Number of employees
	This year -	Last year -
£60,000 to £69,999
£70,000 to £79,999	-	-
£80,000 to £89,999	-	-
£90,000 to £99,999	-	-
£100,000 to £109,999	-	-

Please provide the total amount paid to key management personnel (includes trustees and senior management) for their services to the charity. For specific amounts paid to trustees, see Note 28.
	Thisyear	Lastyear
	£	£
	-	-

CC17a (Excel)

05/08/2024

	This year Number	Last year Number
Fundraising	-	-
Charitable Activities	-	-
Governance	-	-
Other	-	-
Total	-	-

11.3 Ex-gratia payments to employees and others (excluding trustees) Please complete if an ex-gratia payment is made.

Please explain the nature of the payment Please state the legal authority or reason for making the payment	This year
	Last year

	This year
	Last year

Please state the amount of the payment (or value of any waiver of a right to an asset)	Thisyear	Lastyear
	£ -	£ -

CC17a (Excel)

05/08/2024

11.4 Redundancy payments

Please complete if any redundancy or termination payment is made in the period.

Please state the accounting policy for any redundancy or termination payments The extent of redundancy funding at the balance sheet date The nature of the payment (cash, asset etc.) Total amount of payment	Thisyear	Lastyear
	£ -	£ -



	Thisyear	Lastyear
	£ -	£ -

CC17a (Excel)

05/08/2024

Section C Notes to the accounts (cont)

Note 12 Defined contribution pension scheme or defined benefit scheme accounted for as a defined contribution scheme.

12.1 Please complete this note if a defined contribution pension scheme is operated.

Amount of contributions recognised in the SOFA as an expense	Thisyear	Lastyear
	£ -	£
		-

Please explain the basis for allocating the liability and expense of defined contribution pension scheme between activities and between restricted and unrestricted funds.

12.2 Please complete this section where the charity participates in a defined benefit pension plan but is unable to ascertain its share of the underlying assets and liabilities.

Please confirm that although the scheme is accounted for as a defined contribution plan, it is a defined benefit plan.

Please provide such information as is available about the plan's surplus or deficit and the implications, if any, for the reporting charity for this year and last year, if different

12.3 Please complete this section where the charity participates in a multi-employer defined benefit pension plan that is accounted for as a defined contribution plan.

Describe the extent to which the charity can be liable to the plan for other entities' obligations under the terms and conditions of the multi-employer plan. If this is different for last year, provide details

Provide an explanation of how any liability arising from an agreement with a multi-employer plan to fund a deficit has been determined. If this is different for last year, provide details

CC17a (Excel)

05/08/2024

Section C Notes to the accounts (cont)

Note 13 Grantmaking

Please complete this note if the charity made any grants or donations which in aggregate form a material part of the charitable activities undertaken.

This year:

13.1 Analysis of grants paid (included in cost of charitable activities)

Analysis	Grants to institutions	Grants to individuals	Support costs	Total
			£	£
Activityorproject 1	-	-	-	-
Activityorproject 2	-	-	-	-
Activityorproject 3	-	-	-	-
Activityorproject 4	-	-	-	-
*Total*	-	-	-	-

Please enter “Nil” if the charity does not identify and/or allocate support costs.

13.2 Grants made to institutions

*My charity has made grants to particular institutions that are material in the* *context of its grantmaking. Details of the institution supported, purpose of the* *grant and total paid to each institution is available on the charity's web site.*	*My charity has made grants to particular institutions that are material in the* *context of its grantmaking. Details of the institution supported, purpose of the* *grant and total paid to each institution is available on the charity's web site.*	*Yes*	*Please provide* *details of charity's* *URL.*
		No	*Provide details* *below*

Names of institution	Purpose		Total amount of grantspaid £
			-
			-
			-
			-
			-
			-
			-
			-
			-
			-
*TOTAL GRANTS PAID* *Other unanalysed grants* *Total grants to institutions in reporting period*			-
			-
			-

CC17a (Excel)

05/08/2024

Last year:

13.3 Analysis of grants paid (included in cost of charitable activities)

Analysis	Grants to institutions	Grants to individuals	Support costs £	Total £
Activityorproject 1	-	-	-	-
Activityorproject 2	-	-	-	-
Activityorproject 3	-	-	-	-
Activityorproject 4	-	-	-	-
*Total*	-	-	-	-

Please enter “Nil” if the charity does not identify and/or allocate support costs.

13.4 Grants made to institutions

*My charity has made grants to particular institutions that are material in the* *context of its grantmaking. Details of the institution supported, purpose of the* *grant and total paid to each institution is available on the charity's web site.*	*Yes*	*Please provide* *details of charity's* *URL.*
	No	*Provide details* *below*

Names of institution	Purpose	Total amount of grantspaid £
		-
		-
		-
		-
		-
		-
		-
		-
		-
		-
*TOTAL GRANTS PAID* *Total grants to institutions in reporting period* *Other unanalysed grants*		-
		-
		-

CC17a (Excel)

05/08/2024

Section C Notes to the accounts (cont)

Note 14 Tangible fixed assets Please complete this note if the charity has any tangible fixed assets 14.1 Cost or valuation

Freehold land & buildings £	Other land & buildings £	Plant, machinery and motor vehicles £	Fixtures, fittings and equipment £	Total £
1,796,873	-	-	-	1,796,873
-	-	-	-	-
-	-	-	-	-
-	-	-	-	-
-	-	-	-	-
1,796,873	-	-	-	1,796,873

SL or RB (Straight Line or Reducing Balance)	SL or RB	SL or RB	SL or RB	SL or RB


-	-	-	-	-
-	-	-	-	-
-	-	-	-	-
-	-	-	-	-
-	-	-	-	-
-	-	-	-	-

1,796,873	-	-	-	1,796,873
1,796,873	-	-	-	1,796,873

CC17a (Excel)

05/08/2024

14.4 Impairment

This year: Please provide a description of the events and circumstances that led to the recognition or reversal of an impairment loss.

Last year: Please provide a description of the events and circumstances that led to the recognition or reversal of an impairment loss.

14.5 Revaluation *the name of independent valuer, if applicable* *the carrying amount that would have been recognised had the assets been* *carried under the cost model.* *the methods applied and significant assumptions* *the effective date of the revaluation* *If an accounting policy of revaluation is adopted, please provide:*	This year Last year	This year Last year



	-	-

14.6 Other disclosures

*(iii) Details of the existence and carrying amounts of property, plant and* *equipment to which the charity has restricted title or that are pledged as* *security for liabilities.* *(i) Please state the amount of borrowing costs, if any, capitalised in the construction of* *tangible fixed assets and the capitalisation rate used.* *(ii) Please provide the amount of contractual commitments for the acquisition of tangible* *fixed assets.*	Thisyear	Lastyear
	£	£
	-	-
	-	-

* The "transfers" row is for movements between fixed asset categories.

** Please indicate the method of depreciation by deleting the method not applicable (SL = straight line; RB = reducing balance). Also please indicate the rate of depreciation: for straight line, what is the anticipated life of the asset (in years); for reducing balance, what is the percentage annual deduction.

CC17a (Excel)

05/08/2024

Section C Notes to the accounts (cont)

Note 15 Intangible assets Please complete this note if the charity has any intangible assets 15.1 Cost or valuation

Research & development £	Patents and trademarks £	Other £	Total £
-	-	-	-
-	-	-	-
-	-	-	-
-	-	-	-
-	-	-	-
-	-	-	-

15.2 Amortisation and impairments

SL or RB	SL or RB	SL or RB	SL or RB

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
-	-	-	-
-	-	-	-

15.4 Accounting policy

Please disclose the accounting policy for intangible fixed assets including: Reasons for choosing amortisation rates

Policies for the recognition of any capital development

CC17a (Excel)

05/08/2024

15.5 Impairment

This year: Last year: 15.6 Revaluation *the effective date of the revaluation* *(iv) State the amount of research and development* *expenditure recognised as expenditure in the year.* *(v) Please detail the headings in the SOFA in which a* *charge for amortisation of intangible assets is included.* *the name of independent valuer, if applicable* *the methods applied* *(vi) For any material intangible assets, please provide a* *description, its carrying amount and any remaining* *amortisation period.* *(i) If your intangible asset was acquired by way of grant,* *provide value on initial recognition and carrying amount* *of the asset.* *(ii) Details of the carrying amounts of any intangible* *assets to which the charity has restricted title or that are* *pledged as security for liabilities.* *Please provide a description of the events and* *circumstances that led to the recognition or reversal of an* *impairment loss.* 15.7 Other disclosures *(iii) Please provide the amount of contractual* *commitments for the acquisition of intangible assets.* *If an accounting policy of revaluation is adopted, please provide:* *the carrying amount that would have been recognised* *had the assets been carried under the cost model.* *Please provide a description of the events and* *circumstances that led to the recognition or reversal of an* *impairment loss.* This year Last year



	This year	Last year

* The "transfers" row is for movements between fixed asset categories.

CC17a (Excel)

05/08/2024

Section C Notes to the accounts (cont)

Note 16 Heritage assets

Please complete this note if the charity has heritage assets

16.1 General disclosures for all charities holding heritage assets

This year Last year

(i) Explain the nature and scale of heritage assets held. (ii) Explain the policy for the acquisition, preservation, management and disposal of heritage assets.

16.2 Cost or valuation

Heritage asset 1 £	Heritage asset 2 £	Heritage asset 3 £	Heritage asset 4 £	Total £	Total £
-	-	-	-	-
-	-	-	-	-
-	-	-	-	-
-	-	-	-	-
-	-	-	-	-
-	-	-	-	-
					Straight Line ("SL") or Reducing Balance

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
-	-	-	-	-
-	-	-	-	-

CC17a (Excel)

05/08/2024

16.5 Impairment

This year

Please provide a description of the events and circumstances that led to the recognition or reversal of an impairment loss.

Last year

Please provide a description of the events and circumstances that led to the recognition or reversal of an impairment loss.

16.6 Revaluation

If an accounting policy of revaluation is adopted, please provide:

the effective date of the revaluation the name of independent valuer, if applicable qualifications of independent valuer the methods applied and significant assumptions any significant limitations on the valuation

This year Last year

16.7 Analysis of heritage assets by class or group distinguishing those at cost and those at valuation

At valuation Group A £	At cost Group B £	Total £
-	-	-
-	-	-
-	-	-
-	-	-
-	-	-
-	-	-

16.8 Heritage assets (where heritage assets are not recoignised on the balance sheet)

(i) Explain the reason why heritage assets have not been recognised on the balance sheet. (ii) Describe the significance and nature of heritage assets. (iii) Disclose information that is helpful in assessing the value of heritage assets. (iv) Explain the reason why it is not practicable to obtain a valuation of heritage assets.	This year	Last year

CC17a (Excel)

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16.9 Five year summary of heritage assets transactions

	2015	2014	2013	2012	2011
	£	£	£	£	£
Purchases Group A Group B Group C Other Donations Group A Group B Group C Other Total additions Charge for impairment Group A Group B Group C Other Total charge for impairment Disposals Group A - carrying amount Group B - carrying amount Group C Other Total disposals
	-	-	-	-	-
	-	-	-	-	-
	-
	-

	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-


	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-


	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-

CC17a (Excel)

05/08/2024

Section C Notes to the accounts (cont)

Note 17 Investment assets

Please complete this note if the charity has any investment assets.

17.1 Fixed assets investments (please provide for each class of investment)

Cash & cash equivalents	Listed investments	Investment properties	Social investments	Other	Total
-	-	-	-	-	-
-	-	-	-	-	-
-	-	-	-	-	-
-	-	-	-	-	-
-	-	-	-	-	-
-	-	-	-	-	-
-	-	-	-	-	-
-	-	-	-	-	-

*Please specify additions resulting from acquisitions through business combinations, if any.

Please note that Fair Value in this context is the amount for which an asset could be exchanged between knowlegable and willing parties in an arm's length transaction. For traded securities, the fair value is the value of the security quoted on the London Stock Exchange Daily Official List or equivalent. For other assets where there is no market price on a traded market, it is the trustees' or valuers' best estimate of fair value.

17.2 Please provide a breakdown of investments shown above agreeing with the balance sheet row B04 differentiating between those held at fair value and those held at cost less impairment.

This year: Analysis of investments

Analysis of investments Cash or cash equivalents Investment properties Other investments Total Social investments Grand total (Fair value at year end+Cost less impairment) Listed investments
	Fair value at year end	Cost less impairment
	£	£
	-	-
	-	-
	-	-
	-	-
	-	-
	-	-
	-

Last year: Analysis of investments


Fair value at year end	Cost less impairment
£	£
-	-
-	-
-	-
-	-
-	-
-	-
-

Cash or cash equivalents

Listed investments

Investment properties Social investments Other investments

Total

Grand total (Fair value at year end+Cost less impairment)

CC17a (Excel)

05/08/2024

17.3 If your charity holds investment properties, please complete the following note:

(iv) Explain any contractual obligations for the purchase, construction or development of investment property or for repairs, maintenance or enhancements (ii) Name or independent valuer, if applicable, and relevant qualifications (iii) Provide details of any restrictions on the ability to realise investment property or on the remittance of income or disposal proceeds (i) Explain the methods and significant assumptions in determining the fair value of investment property held by the charity	Thisyear	Lastyear

17.4 Please provide a breakdown of current asset investments, if applicable, agreeing with the balance sheet.

This year	Last year	Last year
£	£
-	-
-	-
-	-
-	-
-	-
-	-
Thisyear		Lastyear

CC17a (Excel)

05/08/2024

17.6 Concessionary loans

*Description*	This year £	Last year £
	-	-
	-	-
	-	-
	-	-
*Total*	-	-

*Description*	This year £	Last year £
	-	-
	-	-
	-	-
*Total*	-	-

This year	Last year







Thisyear	Lastyear

CC17a (Excel)

05/08/2024

Section C Notes to the accounts (cont)

Note 18 Stocks

Please complete this note if the charity holds any stock items

18.1 Please state the carrying amount of stock and work in progress analysed between activities.

activities.
For distribution For resale For distribution For resale £ £ £ £ £ Charitable activities: *Opening* - - - - - *Added in period* - - - - - *Expensed in period* - - - - - *Impaired* - - - - - *Closing* - - - - - Other trading activities: *Opening* - - - - - *Added in period* - - - - - *Expensed in period* - - - - - *Impaired* - - - - - *Closing* - - - - - Other: *Opening* - - - - - *Added in period* - - - - - *Expensed in period* - - - - - *Impaired* - - - - - *Closing* - - - - - Total this year - - - - - *Total previous year* - - - - - Work in progress 18.2 Please specify the carrying amount of any stocks pledged as security for liabilities Stock Donated goods This year Last year £ £	Stock		Donated goods		Work in progress
	For distribution	For resale	For distribution	For resale
	£	£	£	£	£

	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-


	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-


	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-

		This year		Last year
		£		£

CC17a (Excel)

05/08/2024

Section C Notes to the accounts (cont)

Note 19 Debtors and prepayments

Please complete this note if the charity has any debtors or prepayments.

*Please complete this note if the charity has any* *debtors or prepayments.* Note 19 Debtors and prepayments
19.1 Analysis of debtors Trade debtors Prepayments and accrued income Other debtors Total	This year £	Last year £
	-	-
	-	-
	-	9,047.0
	-	9,047.0

Please complete 19.2 where a material debtor is recoverable more than a year after the reporting date.

19.2 Analysis of debtors recoverable in more than 1 year (included in debtors above)

Trade debtors Prepayments and accrued income Other debtors Total	This year £	Last year £
	-	-
	-	-
	-	-
	-	-
	-	-

CC17a (Excel)

05/08/2024

Section C Notes to the accounts (cont)

Note 20 Creditors and accruals

Please complete this note if the charity has any creditors or accruals.

20.1 Analysis of creditors

Amounts falling due within oneyear	Amounts falling due within oneyear	Amounts falling due after more than oneyear	Amounts falling due after more than oneyear
This year £	Last year £	This year £	Last year £
-	-	-	-
-	-	-	-
-	-	-	-
-	-	-	-
3,000		-	-
-	-	-	-
2,186		-	-
5,186	-	-	-

20.2 Deferred income

Please complete this note if the charity has deferred income.

*Please explain the reasons why income is deferred.* *Movement in deferred income account* Balance at the start of the reporting period Amounts added in current period Amounts released to income from previous periods Balance at the end of the reporting period	Thisyear	Lastyear	Lastyear


		This year £	Last year £
		-	-
		-	-
		-	-
		-	-

CC17a (Excel)

05/08/2024

Section C Notes to the accounts (cont)

Note 21 Provisions for liabilities and charges

Please complete this note if you have included in charity expenditure any provisions. A provision is made when the charity has a liability of uncertain timing or amount.

21.1 Movements in recognised provisions and funding commitment during the period

period Thisyear	This year £	Last year £
	-	-
	-	-
	-	-
	-	-
	-	-
	Lastyear



Thisyear	Lastyear

CC17a (Excel)

05/08/2024

Section C Notes to the accounts (cont)

Note 22 Other disclosures for debtors, creditors and other basic financial instruments

This year Last year

22.1 Please provide information about the significance of financial instruments (eg. debtors, creditors, investments etc) to the charity's financial position or performance, for example, the terms and conditions of loans or the use of hedging to manage financial risk. 22.2 If the charity has provided financial assets as a form of security, the carrying amount of the financial assets pledged as security and the terms and conitions related to its pledge should be given here.

CC17a (Excel)

05/08/2024

Section C Notes to the accounts (cont)

Note 23 Contingent liabilities and contingent assets

23.1 Contingent liabilities

Where the charity has contingent liabililities, please complete the following section unless the possibility of their existence is remote.

This year

This year
Description of item including its legal nature. Please describe any security provided in connection to the liability.	Estimate of financial effect

Last year

Description of item including its legal nature. Please describe any security provided in connection to the liability.	Estimate of financial effect

23.2 Contingent assets

Where the charity has contingent assets, please complete the following section when their existence is probable

This year

Description of item Estimate of financial effect Last year Description of item Estimate of financial effect

23.4 Other disclosures for contingent assets and/or liabilities

Please provide the following information where practicable:

This year Last year

Explain any uncertainties relating to the amount or timing of settlement; and the possibilty of any reimbursement Where it is not practical to make one or more of these disclosures, please state this fact

CC17a (Excel)

05/08/2024

Section C Notes to the accounts (cont)

Note 24 Cash at bank and in hand

Note 24 Cash at bank and in hand
Other Cash at bank and on hand Total Short term cash investments (less than 3 months maturity date) Short term deposits	This year £	Last year £
	13,443	-
	-	-
	-	-
	-	-
	13,443	-

CC17a (Excel)

05/08/2024

Section C Notes to the accounts (cont)

Note 25 Fair value of assets and liabilities

This year Last year 25.1 Please provide details of the charity's exposure to credit risk (the risk of incurring a loss due to a debtor not paying what is owed) , liquidity risk (the risk of not being able to meet short term financial demands) and market risk (the risk that the value of an investment will fall due to changes in the market) arising from financial instruments to which the charity is exposed at the end of the reporting period and explain how the charity manages those risks.

25.2 Please give details of the amount of change in the fair value of basic financial instruments (debtors, creditors, investments (see section 11, FRS 102 SORP)) measured at fair value through the SoFA that is attributable to changes in credit risk.

CC17a (Excel)

05/08/2024

Section C Notes to the accounts (cont)

Note 26 Events after the end of the reporting period

Please complete this note events (not requiring adjustment to the accounts) have occurred after the end of the reporting period but before the accounts are authorised which relate to conditions that arose after the end of the

Please provide details of the nature of the event Provide an estimate of the financial effect of the event or a statement that such an estimate cannot be made	Thisyear Lastyear	Thisyear Lastyear

CC17a (Excel)

05/08/2024

Section C Notes to the accounts (cont)

Note 27 Charity funds

27.1 Details of material funds held and movements during the CURRENT reporting period

Please give details of the movements of material individual funds in the reporting period together with a balancing figure for 'Other funds'. The 'Total funds' figure below should reconcile to 'Total funds' in the blanace sheet.

* Key: PE - permanent endowment funds; EE - expendible endowment funds; R - restricted income funds, including special trusts, of the charity; and U - unrestricted funds

*funds*
Fund names	Type PE, EE R or UR *	Purpose and Restrictions	Fund balances brought forward £	Income £	Expenditure £	Transfers £	Gains and losses £	Fund balances carried forward £
			-	-	-	-	-	-
			-	-	-	-	-	-
			-	-	-	-	-	-
			-	-	-	-	-	-
			-	-	-	-	-	-
			-	-	-	-	-	-
			-	-	-	-	-	-
			-	-	-	-	-	-
			-	-	-	-	-	-
			-	-	-	-	-	-
*Other funds*	N/a	N/a	-	-	-	-	-	-
Total Funds			-	-	-	-	-	-

CC17a (Excel)

05/08/2024

Section C Notes to the accounts (cont)

Note 27 Charity funds (cont)

27.2 Details of material funds held and movements during the PREVIOUS reporting period

* Key: PE - permanent endowment funds; EE - expendible endowment funds; R - restricted income funds, including special trusts, of the charity; and U - unrestricted funds

*funds*
Fund names	Type PE, EE R or UR *	Purpose and Restrictions	Fund balances brought forward £	Income £	Expenditure £	Transfers £	Gains and losses £	Fund balances carried forward £
			-	-	-	-	-	-
			-	-	-	-	-	-
			-	-	-	-	-	-
			-	-	-	-	-	-
			-	-	-	-	-	-
			-	-	-	-	-	-
			-	-	-	-	-	-
			-	-	-	-	-	-
			-	-	-	-	-	-
			-	-	-	-	-	-
*Other funds*	N/a	N/a	-	-	-	-	-	-
Total Funds			-	-	-	-	-	-

CC17a (Excel)

05/08/2024

Section C Notes to the accounts (cont)

Note 27 Charity funds (cont)

27.3 Transfers between funds

This year

Thisyear
	Reason for transfer and where endowment is converted to income, legalpower for its conversion	Amount
Between unrestricted and restricted funds
Between endowment and restricted funds
Between endowment and unrestricted funds

Last year

	Reason for transfer and where endowment is converted to income, legal power for its conversion	Amount
Between unrestricted and restricted funds
Between endowment and restricted funds
Between endowment and unrestricted funds

27.4 Designated funds

This year

Planned use Purpose of the designation Amount

Last year

Planned use Purpose of the designation Amount

CC17a (Excel)

05/08/2024

Section C Notes to the accounts (cont)

Note 28 Transactions with trustees and related parties

If the charity has any transactions with related parties (other than the trustee expenses explained in guidance notes) details of such transactions should be provided in this note. If there are no transactions to report, please enter “True” in the box or "False" if there are transactions to report.

28.1 Trustee remuneration and benefits

This year

None of the trustees have been paid any remuneration or received any other benefits from an employment with their charity or a related entity (True or False)

In the period the charity has paid trustees remuneration and benefits. Please give the amount of, and legal authority for, any remuneration or other benefits paid to a trustee by the charity or any institution or company connected with it.

Amounts paid or benefit value	Amounts paid or benefit value	Amounts paid or benefit value	Amounts paid or benefit value	Amounts paid or benefit value
Remuneration	Pension contribution	Redundancy (including loss of office)/ex gratia	Other	TOTAL
£	£	£	£	£
-	-	-	-	-
-	-	-	-	-
-	-	-	-	-
-	-	-	-	-

Please give details of why remuneration or other employment benefits were paid.

Where an ex gratia payment has been made to a trustee, provide an explanation of the nature of the payment.

Last year

None of the trustees have been paid any remuneration or received any other benefits from an employment with their charity or a related entity (True or False)

Amounts paid or benefit value	Amounts paid or benefit value	Amounts paid or benefit value	Amounts paid or benefit value	Amounts paid or benefit value
Remuneration	Pension contribution	Redundancy (including loss of office)/ex gratia	Other	TOTAL
£	£		£	£
-	-	-	-	-
-	-	-	-	-
-	-	-	-	-
-	-	-	-	-

Please give details of why remuneration or other employment benefits were paid.

Where an ex gratia payment has been made to a trustee, provide an explanation of the nature of the payment.

CC17a (Excel)

05/08/2024

28.2 Trustees' expenses

If the charity has paid trustees expenses for fulfilling their duties, details of such transactions should be provided in this note. If there are no transactions to report, please enter “True” in the box below. If there are transactions to report, please enter "False".

No trustee expenses have been incurred (True or False)

Type of expenses reimbursed	This year	Last year
	£	£
Travel	-	-
Subsistence	-	-
Accommodation	-	-
Other (please specify):	-	-
	-	-
TOTAL	-	-

Please provide the number of trustees reimbursed for expenses or who had expenses paid by the charity

28.3 Transaction(s) with related parties

Please give details of any transaction undertaken by (or on behalf of) the charity in which a related party has a material interest, including where funds have been held as agent for related parties. If there are no such transactions, please enter 'true' in the box provided.

This year

There have been no related party transactions in the reporting period (True or False)

Amount	Balance at period end	Provision for bad debts at period end	Amounts written off during reporting period
£	£	£	£

In relation to the transactions above, please provide the terms and conditions, including any security and the nature of any payment (consideration) to be provided in settlement.

For any related party, please provide details of any guarantees given or received.

CC17a (Excel)

05/08/2024

Last year

There have been no related party transactions in the reporting period (True or False)

Amount	Balance at period end	Provision for bad debts at period end	Amounts written off during reporting period
£	£	£	£

In relation to the transactions above, please provide the terms and conditions, including any security and the nature of any payment (consideration) to be provided in settlement.

For any related party, please provide details of any guarantees given or received.

CC17a (Excel)

05/08/2024

Section C Notes to the accounts (cont)

Note 29 Additional Disclosures

The following are significant matters which are not covered in other notes and need to be included to provide a proper understanding of the accounts. If there is insufficient room here, please add a separate sheet.

The Trust became a registered charity on 14 June 2022 under a trust deed dated 14 October 2021. The Trust took over the existing arrangements for running the activities of the Methwold Hall Complex “MHC” which had previously been run directly by the Parish Council and MHC’s financial results in the past had been incorporated within the Parish Council’s financial statements.The activities of the MHC have been on going for many years and the registration of those activities and governance of the MHC as a registered charity did not fundamentally change their nature nor the class of beneficiaries This scenario is usually referred to as a “change of legal form” rather than the creation of a new entity. Under the Charities SORP this falls under paragraph 27.12 dealing with mergers and reconstructions and the appropriate method of accounting is known as “Merger Accounting”. Effectively the past unincorporated activities of MHC are merged with the newly registered charity and presented as an ongoing activity. These first financial statements are in the Charity SORP format but have comparative figures for MHC before it became registered.

CC17a (Excel)

05/08/2024

Independent examiner's report on the accounts

Section A Independent Examiner’s Report

Report to the trustees/ Methwold Hall Complex Charitable Trust members of On accounts for the year Year ended 5 April 2023 Charity no 1199307 ended (if any) Set out on pages 1 – 48 Responsibilties and I report to the trustees on my examination of the accounts of the above basis of report charity for the year ended 5 April 2023 As the charity's trustees, 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 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent I am qualified to undertake the examination by being a qualified member of examiner's statement the Institute of Chartered Accountants in England and Wales I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination (other than that disclosed below *) which gives me cause to believe that in, any material respect:

the accounting records were not kept in accordance with section 130 of the Charities Act; or
the accounts did not accord with the accounting records; or
the accounts did 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.

Date: 30 July 2024

Signed: Name: Witold K Sawin Relevant professional FCA qualification(s) or body (if any):

Oct 2018

IER

Address: Sawin & Edwards LLP, Studio 16, Cloisters House, 8 Battersea Park Road London SW8 4BG

Section B Disclosure

Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).

Give here brief details of any items that the NONE examiner wishes to disclose .

Oct 2018

IER