BARLING MAGNA PARISH HALL COMMITTEE CIO Charity registered in England No 1203891 Supporting our community as a vibrant place to live, work and volunteer 11 Annual Report and Financial Statements for the year ending 31 March 2025 BARLING MAGNA PARISH HALL COMMIThEE CIO ANNUAL REPORT OF THE TRUSTEES For the year ending 31 March 2025 Status Barling Magna Parish Hall Committee.. an unincorporated charity registered in England, No 1062957 (dissolved 15 January 20241. Barling Magna Parish Hall Committee CIO- an incorporated charity registered in England No 1203891 from July 2023. Correspondence address 432 Little Wakering Road, Barling Magna, Southend-on-sea, S53 OLP Email.. Barlin Ma naCT mail.com Our charitable objects are: "The Trust property Shall be held upon the trust for the purposes of a village hall for the use of the inhabitants of the Parish of Barling Magna in the County of Essex, without distinction of political religious or other opinions including meetings, lectures and classes and other forms of recreation and leisure time occupation, with the object of improving the conditions of life for the said inhabitants. Trustees The trustees for the period relating to this report.. Anne Ashdown Norman Bright John Edmunds Daniel Efde Shirley Glover Kim McKillop (Vice-chairl Jo Mcpherson Debbie Myers Mike Steptoe Ichairl The trustees bring a very wide range of experience and skills, including.. Charity management and f undraising experience of working with community groups civic leadership public administration, policy and management financial and legal affairs: business management publlc administration, policy and management flnancial and legal affair5; busine55 management All our tru5tee5 are volunteers, offering their time, energy and experience as a way of contributing to the wellbeing of their home community. The team is supported by a volunteer secretary, Mrs Emma Terris, who is an accredited Governance Professional. Aside from the reimbursement of approved out of pocket expenses, the trustees confirm that neither they nor the secretary receive any salary or other remuneration from the charit(s funds. Publlc Beneflt Statement The charit¢5 trustees continue to observe the charitable objects set out in the governln8 document. Theytske everysteptoensurethattheartivities of thecharity meetthe public benefit test. In so doing, they tske account of the Charty Commission's public benefit guidance when planning the charitys activitie5. The trustees are confident that the activities of the charity demonstrate clear eviden￿ of public benefit. Impact for the year to 31 March 2025 The trustees report that the m3in achievements of the charity duringthe year were". l. To contlnue to provide the Barling Magna Parish Hall a5 a much-valued amenlty for local resSdents, in partnership with our lessee Barling Magna Parish Council. 2. Another successful fundraising quiz night was held in October 2024, with thanks to all who made this possible. 3. We acknowledge, with gratrtude, kind financial donations towards our work Future plans We will continue to work in partnership wrth our lessee. Barling Magna Parish Council, to ensure that its management of hall lettings on our behalf will serve our charitable objects and demonstrate public benefit. Accounting basls Our accounts were prepared on a receipts and payments basis once agaln thls year. Independent examination The Trustees have this year taken advantage of the Charity Commission's exemption from the requirement for independent examination of financial statements for charities wtth a turnover below £25,000. Reserves pollcy Reserves will be maintained to ensure our core charitable activity may Continue d￿rIng any period of unforeseen difficuty. A proportion of reserves will be maintained in a readily realisable form. The calculation of the required level of reserves is part of the organisation's budget cycle. It considers: Risks associated with each stream of income and expenditure Planned activity level and the charitys commitments On this basis, the Trustees believe that for 2024-25, a reserve equivalent to six months, running costs should be maintained. The reseNes policy will be reviewed annuallv. Annual report Thi5 report was approved by the Trustees at the annual meeting held on 6 June 2024 and Sl8ned on their behalf. Secretary Barling Magna Parish Hall Committee Statement of Financial Activity, Assets and Liabilities to 31 March 2025 Notes Unrestricted funds 2025 Deslgnated fL*nds 2025 Restricted funds 2025 Totsl fund$ 2025 2024 Recelpts OonaiN)ns and fundoising in¢ome Rental income Bank interest 627 827 250 fo 10 10 Tot4lreceipts 837 837 1,042 Paw￿rt￿ h8ritable expendiknre Bank charges 342 Totalpayments 402 Transfer tsf fund$ Net inco￿￿ l- expenditure 573 573 Total funds brought forward 5,310 5,310 4,251 Total lunds carried forward 5.310 4,897 2025 2024 Notes Flxeil ￿&$￿¢$ 427.0(M) 421,000 Current assets Deblors Cash al bank 5,310 4,897 Total current assets 5,310 4,897 Cr8ditors 1811ing du&wiUNn 1 ye8r Tot￿ net a55ets 432,310 431,897 The Funds of the charlty Unr8strlcl8d funds De5¥n8led Restricted funds 5,310 4,897 Represented by CAF Bank Curr8nt account No ￿ding 4232 CAF Current account wding 6870 5.310 £5,310 Notes to the Financial Statements l. After costs, the quiz night in October 2024 raised £777. 2. Charitable expend tture comprises all necessary costs to enable the charity to fulfil its charitable objects. 3. The charity owns the freehold of the Barling Magna Parish Hall, 432 Little Wakering Road, Barling Magna, Essex. The most recent valuation was carried out by a qualified surveyor and valuer in 2017. The premises are let long-term to the Barling Magna Parish Council on a full-repairing lease. Our lessee manages and maintains the building, ensuring its greatest use to the benefit of our community. 4. During the year, the Charity merged its bank accounts and is now working with one bank account. 5. The charitys funds are held by specialist charity bank, CAFCash Ltd.