Scholes Village Hall CIO Trustees’ Report (continued) For the period 1 April 2024 to 31 March 2025
Objectives and Activities
Charitable Objectives
The purpose of the charity is to establish and operate a village hall to serve the residents of the parish of Barwick in Elmet and Scholes (the “area of benefit”). The hall is intended to be inclusive and accessible to all, regardless of gender, sexual orientation, age, disability, nationality, race, or political, religious, or other beliefs. It aims to provide facilities for recreation and leisure activities for individuals who may need them due to age, infirmity, disability, financial hardship, or other social and economic circumstances. The broader objective is to promote social welfare and enhance the quality of life for all residents.
Main Activities
The hall is available for a wide range of uses, including meetings, lectures, classes, and other recreational or leisure activities, subject to the trustees’ approval.
Public Benefit Statement
In setting objectives and planning activities, the trustees have paid due regard to the Charity Commission’s general guidance on public benefit.
Achievements and Performance
The charity has continued to successfully deliver its mission, offering a vital and inclusive community space that benefits local residents and the wider area. The hall not only provides a well-equipped venue but also offers free use to local community groups, enabling them to run fundraising events and enhance local engagement.
Financial Review
For the year ended 31 March 2025, Scholes Village Hall CIO reported a net surplus of £8,008.84, comprising £6,424.86 from unrestricted funds and £1,583.98 from restricted funds.
The opening balance brought forward was £93,584.49, and the closing balance carried forward at year-end was £101,593.33. This total is represented by funds held across multiple accounts, including:
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Savings: £91,829.81
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Account 4: £9,763.52
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Total funds: £101,593.33
The charity maintained a strong financial position throughout the period, enabling it to continue delivering valuable community services while preparing for future capital needs and rising operating costs.
Reserves Policy
As of the year-end, the charity’s free reserves (excluding fixed assets) stood at £100,009.35
The trustees have adopted a prudent reserves policy to ensure financial sustainability. This includes:
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Maintaining reserves equivalent to six months of operating costs;
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Setting aside additional funds to cover potential major repairs to the 94-year-old prefabricated
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asbestos building;
- Allocating £50,000 specifically for the safe removal of asbestos, should it be required;
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Retaining any additional surplus reserves to mitigate the impact of roof and electrical repairs,
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asbestos removal, future survey work.
Approved by the Board of Trustees on 29 April 2025 Helen Shaw (Trustee)
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