**REGISTERED CHARITY NUMBERS: 305493 and 1208107** 

## **REPORT OF THE TRUSTEES AND** 

**UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025** 

**FOR** 

## **CODFORD VILLAGE HALL** 



**CODFORD VILLAGE HALL** 

## **CONTENTS OF THE FINANCIAL STATEMENTS for the year ended 31 March 2025** 

||**Page**|
|---|---|
|**Report of the Trustees**|**1 to 3**|
|**Statement of Trustees' Responsibilities**|**4**|
|**Independent Examiner's Report**|**5**|
|**Statement of Financial Activities**|**6 to 7**|
|**Balance Sheet**|**8**|
|**Notes to the Financial Statements**|**9 to 14**|
|**Detailed Statement of Financial Activities**|**15 to 16**|





## **CODFORD VILLAGE HALL** 

## **REPORT OF THE TRUSTEES** 

**for the year ended 31 March 2025** 

The trustees present their report with the financial statements of the charity for the year ended 31 March 2025. 

The financial statements are prepared in accordance with the Charities Act 2011, the Charity’s Trust Deed and Constitution and the 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 (FRS102) (effective 1 January 2019) - (Charities SORP (FRS102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102). 

On 2 May 2024, the trustees formed a new charity - Codford Village Hall (registered charity number 1208107 - the ‘new’ charity) as a charitable incorporated organisation, to replace Codford Village Hall (registered charity number 305493 - the ‘original’ charity).  Following this change in charity structure, the assets of the original charity were transferred to the new charity with effect from 1 August 2024, which the trustees have accounted for in these financial statements through merger accounting. 

The trustees during the year were: 

D M Bartlett Ms N Carpenter - appointed 18 April 2024 Mrs N F Cornock - appointed 15 August 2024 J Curtis Mrs K D Grant Ms L S Heaton J H McIntosh J Rideout A F Thomson 

## **STRUCTURE, GOVERNANCE AND MANAGEMENT** 

## **Constitution and governing document** 

The original charity was set up following a conveyance dated 30 May 1949, which transferred the property, now known as Codford Village Hall, to the Parish Council in the village.  The charity is controlled by a deed of trust and is an unincorporated charity. 

The new charity is controlled by a constitution dated 2 May 2024, and is a charitable incorporated organisation (‘CIO’). 

## **Trustees** 

The charity’s trustees are appointed for a term of three years and are re-appointed by rotation annually at a general meeting of the members (who are also the trustees). 

## **REFERENCE AND ADMINISTRATIVE DETAILS** 

## **Registered Charity numbers** 

305493 (original charity) 1208107 (new charity) 

## **Principal address** 

Codford Village Hall Broadleaze Codford Warminster BA12 0PP 

## **Bankers** 

Lloyds Bank plc 64 Fore Street Trowbridge BA14 8EU 

Page 1 



## **CODFORD VILLAGE HALL** 

## **REPORT OF THE TRUSTEES** 

**for the year ended 31 March 2025** 

## **Independent examiner** 

R Macdonald Moore (South) LLP 33 The Clarendon Centre Salisbury Business Park Dairy Meadow Lane Salisbury SP1 2TJ 

## **OBJECTIVES AND ACTIVITIES** 

## **Objectives and aims** 

The objects of the charity are the provision and maintenance of the village hall and playing fields for the use of the inhabitants of the parish of Codford and its immediate vicinity, without distinction of political, religious or other opinions, including use for meetings, lectures and classes, and other forms of recreation and leisuretime occupation, with the object of improving the conditions of life for the inhabitants. 

The main activities of the charity are the hire of the hall and social areas, grounds, changing rooms, play area, chill out area and tennis courts.  Activities include football, pilates, badminton, indoor bowls, skittles, snooker, darts, singing and fund raising for village organisations.  Meeting groups that use the facilities include the Parish Council, the Gardening Club, the Historical Society, the Ladies Circle, the Community Café, St Peter's Church, St Mary's Church and the management committee. 

Grants do not form part of the charity's purposes, but loans to enhance the facilities subcontracted to organisations using the hall and grounds are made from time to time. 

The trustees depend on many volunteers but accept that paid help is necessary to maintain this valuable community amenity. 

## **ACHIEVEMENTS AND PERFORMANCE** 

## **Achievements and performance** 

Codford Village Hall operated throughout the financial year 2024/2025 providing services to the community of Codford and the surrounding area.  It hosted a programme of routine ongoing sports and social activities, including the football club that moved from Heytesbury to make Codford its home and changed its name to reflect that.  The hall has also served as a hub for official activities such as the polling station, Codford Parish Council committee meetings and other community meetings.  Sadly, the wider context of events nationally, and beyond, have had a negative impact on our operations.  The energy hikes resulting from Russia’s attacks on Ukraine have continued to push up our overheads and the negative narratives arising during the 2024 general election and overall tightening of household purse strings have led to a reduced footfall in our bar and at events over the second half of the year.  Consequently, the positive upturn in the previous year, that enabled the bar to clear its operating deficit from the COVID period and to make a contribution to the hall’s finances, has been reversed with bar trading suffering a small loss for the year of £485.  In view of the financial reliance of the bar on the charity, the trustees have closely monitored the bar’s trading performance on a regular, ongoing basis and will continue to do so as a means of safeguarding the charity’s financial resources. In addition, the hall’s operating accounts (i.e. unrestricted funds) are showing a deficit for the year of £5,783. The trustees and the loyal staff and volunteers that work for the charity, have done a great deal to mitigate this and without their many efforts the situation would be worse. 

We remain committed to improve the fabric and comfort of the Charity’s facilities, despite the community development fund, that we were seeking a major grant from, being pulled after the change of Government. We have subsequently succeeded in obtaining a number of smaller grants and gifts, which have allowed us to make a start on some key improvements, but we continue to seek some £250,000 to replace the roof and fit solar panels and storage to improve our insulation and generate some of our own power. 

The principal risks we face are another hike in energy costs, the deterioration of the roof, and a further loss of footfall due to the condition of the building, particularly in the cold.  The Trustees are working to raise funds to allow us to mitigate those risks. 

Page 2 



## **CODFORD VILLAGE HALL** 

## **REPORT OF THE TRUSTEES for the year ended 31 March 2025** 

## **Financial review** 

The charity’s unrestricted funds ended the year with a deficit of £5,783 (2023/2024 - £1,452 surplus). Although expenditure fell from £27,530 in the previous year to £25,704 this year, income fell by a much larger amount from £28,982 to £19,921, which was due principally to fewer donations being received this year – in particular, the contribution from the bar’s trading activities. 

The charity’s restricted funds have continued to show a surplus, with one of £4,515 for the year (2023/2024 - £6,387).  This year’s income of £34,485 included grants from the National Lottery and the Warminster Area Board of £20,000 and £4,900 respectively which, together with smaller donations, enabled the replacement of the hall’s windows and external doors at a cost of £27,000. 

## **Public Benefit** 

The trustees acknowledge the duty to have due regard to the Charity Commission’s published general and relevant sub-sector guidance on public benefit. 

## **Risk management** 

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. 

## **Reserves** 

The trustees have reviewed the reserves policy, with a view of achieving financial resilience.  The trustees’ aim is to maintain Unrestricted Funds reserves at a level that will allow the charity to weather fluctuations in the level of operational activity and income. 

## **Going concern** 

The trustees have formally reviewed the forecast cost and expenditure for the next twelve months and voted unanimously that Codford Village Hall is still a going concern.  Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements. 

Approved by order of the Board of Trustees on 19 June 2025 and signed on its behalf by: 

J H McIntosh - Chairman 

J Curtis - Treasurer 

Page 3 



## **CODFORD VILLAGE HALL** 

## **STATEMENT OF TRUSTEES' RESPONSIBILITIES** 

## **for the year ended 31 March 2025** 

The Trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). 

The law applicable to charities in England and Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Charity and of the incoming resources and application of resources of the Charity for that year. 

In preparing these financial statements, the Trustees are required to: 

- select suitable accounting policies and then apply them consistently; 

- observe the methods and principles in the Charities SORP; 

- make judgements and estimates that are reasonable and prudent; 

- state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and 

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in operation. 

The Trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust Deed and Constitution. 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. 

Page 4 



## **CODFORD VILLAGE HALL** 

## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CODFORD VILLAGE HALL** 

I report to the trustees on my examination of the accounts of Codford Village Hall (“the Trust”) for the year ended 31 March 2025. 

## **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 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 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 the 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. 

## **Use of my report** 

This report is made solely to the Charity’s Trustees, as a body, in accordance with Chapter 3 of Part 8 of the Charities Act 2011.  My examination has been undertaken so that I might state to the Charity’s Trustees those matters I am required to state to them in an independent examiner’s report and for no other purpose.  To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity’s Trustees as a body, for my examination, for this report, or for the opinions I have formed. 

Robert Macdonald FCCA Certified Accountant Moore (South) LLP Chartered Accountants 33 The Clarendon Centre Salisbury Business Park Dairy Meadow Lane Salisbury SP1 2TJ 

Date:  19 June 2025 

Page 5 



## **CODFORD VILLAGE HALL** 

## **STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31 March 2025** 

|||||2025|2024|
|---|---|---|---|---|---|
|||Unrestricted|Restricted|||
|||funds|funds|Total funds|Total funds|
||Notes|£|£|£|£|
|**INCOME AND**||||||
|**ENDOWMENTS FROM**||||||
|Donations and legacies||575|2,600|3,175|10,731|
|**Charitable activities**||||||
|Village Hall||19,204|31,400|50,604|25,216|
|Investment income|2|142|485|627|479|
|**Total**||19,921|34,485|54,406|36,426|
|**EXPENDITURE ON**||||||
|Raising funds||153|-|153|944|
|**Charitable activities**||||||
|Village Hall||24,795|29,970|54,765|26,923|
|Other||756|-|756|720|
|**Total**||25,704|29,970|55,674|28,587|
|**NET INCOME/(EXPENDITURE)**||(5,783)|4,515|(1,268)|7,839|
|**Transfers between funds**|<br>9|-|-|-|-|
|**Net movement in funds**||(5,783)|4,515|(1,268)|7,839|
|**RECONCILIATION OF FUNDS**||||||
|**Total funds brought forward**||22,663|44,768|67,431|59,592|
|**TOTAL FUNDS CARRIED**|**FORWARD**|16,880|49,283|66,163|67,431|



## **CONTINUING OPERATIONS** 

All income and expenditure has arisen from continuing activities. 

The notes form part of these financial statements 

Page 6 



## **CODFORD VILLAGE HALL** 

## **STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31 March 2024** 

|||||2024|2023|
|---|---|---|---|---|---|
|||Unrestricted|Restricted|||
|||funds|funds|Total funds|Total funds|
||Notes|£|£|£|£|
|**INCOME AND**||||||
|**ENDOWMENTS FROM**||||||
|Donations and legacies||9,671|1,060|10,731|1,806|
|**Charitable activities**||||||
|Village Hall||19,216|6,000|25,216|21,674|
|Investment income|2|95|384|479|59|
|**Total**||28,982|7,444|36,426|23,539|
|**EXPENDITURE ON**||||||
|Raising funds||944|-|944|-|
|**Charitable activities**||||||
|Village Hall||25,866|1,057|26,923|27,523|
|Other||720|-|720|690|
|**Total**||27,530|1,057|28,587|28,213|
|**NET INCOME/(EXPENDITURE)**||1,452|6,387|7,839|(4,674)|
|**Transfers between funds**|<br>9|-|-|-|-|
|**Net movement in funds**||1,452|6,387|7,839|(4,674)|
|**RECONCILIATION OF FUNDS**||||||
|**Total funds brought forward**||21,211|38,381|59,592|64,266|
|**TOTAL FUNDS CARRIED**|**FORWARD**|22,663|44,768|67,431|59,592|



## **CONTINUING OPERATIONS** 

All income and expenditure has arisen from continuing activities. 

The notes form part of these financial statements 

Page 7 



## **CODFORD VILLAGE HALL** 

## **BALANCE SHEET At 31 March 2025** 

|||||2025|2024|
|---|---|---|---|---|---|
|||Unrestricted|Restricted|||
|||funds|funds|Total funds|Total funds|
||Notes|£|£|£|£|
|**FIXED ASSETS**||||||
|Tangible assets|4|15,387|5,889|21,276|21,837|
|Investments|5|1|-|1|1|
|||15,388|5,889|21,277|21,838|
|**CURRENT ASSETS**||||||
|Debtors|6|850|-|850|1,383|
|Cash at bank||3,874|46,094|49,968|50,996|
|||4,724|46,094|50,818|52,379|
|**CREDITORS**||||||
|Amounts falling due within|7|(3,232)|(2,700)|(5,932)|(6,786)|
|one year||||||
|**NET CURRENT ASSETS**||1,492|43,394|44,886|45,593|
|||||||
|**TOTAL ASSETS LESS**||16,880|49,283|66,163|67,431|
|**CURRENT LIABILITIES**||||||
|**FUNDS**|9|||||
|Unrestricted funds||||16,880|22,663|
|Restricted funds||||49,283|44,768|
|**TOTAL FUNDS**||||66,163|67,431|



The financial statements were approved by the Board of Trustees on ………………. and were signed on its behalf by: 

J H McIntosh - Chairman 

J Curtis - Treasurer 

The notes form part of these financial statements 

Page 8 



## **CODFORD VILLAGE HALL** 

## **NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2025** 

## **1. ACCOUNTING POLICIES** 

## **Charity information** 

Codford Village Hall (registered charity number 305493 - the ‘original’ charity) is an unincorporated charity, registered in England and Wales.  Codford Village Hall (registered charity number 1208107 - the ‘new’ charity) is a charitable incorporated organisation (‘CIO’), also registered in England and Wales. The registered office address is Codford Village Hall, Broadleaze, Codford, Warminster, BA12 0PP. 

## **Basis of preparing the financial statements** 

The financial statements have been prepared in accordance with the Charity's Trust Deed and Constitution, the Charities Act 2011 and “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)” (as amended for accounting periods commencing from 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102. 

The charity has taken advantage of the provisions in the Statement of Recommended Practice for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows. 

The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn. 

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. 

The financial statements have been prepared under the historical cost convention. 

On 2 May 2024, the trustees formed a new charity - Codford Village Hall (registered charity number 1208107 - the ‘new’ charity) as a charitable incorporated organisation, to replace Codford Village Hall (registered charity number 305493 - the ‘original’ charity).  Following this change in charity structure, the assets of the original charity were transferred to the new charity with effect from 1 August 2024, which the trustees have accounted for in these financial statements through merger accounting. 

Merger accounting involves aggregating the assets, liabilities and funds of the combining charities and presenting them as though they had always been part of the same reporting charity.  As the merger has taken place part way through a reporting period, the accounts are drawn up to include the results of the combining charities for the whole of the reporting period in which the merger occurred. 

## **Going concern** 

At the time of approving the financial statements, the trustees have formally reviewed the forecast cost and expenditure for the next twelve months and voted unanimously that Codford Village Hall is still a going concern. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements. 

## **Income** 

All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. 

## **Expenditure** 

Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs 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. 

Page 9 



**CODFORD VILLAGE HALL** 

**NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2025** 

## **1. ACCOUNTING POLICIES - continued** 

## **Tangible fixed assets** 

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. 

Freehold land and buildings - not provided Playground equipment - 15% on reducing balance Fixtures and fittings - 15% on reducing balance Equipment - 15% on reducing balance 

## **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. 

## **Government grants** 

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received. 

## **2. INVESTMENT INCOME** 

|Deposit account interest|2025<br>£<br>627|2024<br>£<br>479|
|---|---|---|



## **3. TRUSTEES' REMUNERATION AND BENEFITS** 

There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024. 

## **Trustees' expenses** 

There were no trustees' expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024. 

Page 10 



## **CODFORD VILLAGE HALL** 

## **NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2025** 

## **4. TANGIBLE FIXED ASSETS** 

|Freehold<br>land and<br>buildings<br>Playground<br>equipment<br>Fixtures<br>and fittings<br>Equipment<br>£<br>£<br>£<br>£<br>**COST**<br>At 1 April 2024<br>7,445<br>26,533<br>9,195<br>38,662<br>Additions<br>-<br>-<br>-<br>1,740<br>At 31 March 2025<br>7,445<br>26,533<br>9,195<br>40,402<br>**DEPRECIATION**<br>At 1 April 2024<br>-<br>22,758<br>5,701<br>31,539<br>Charge for year<br>-<br>566<br>524<br>1,211<br>At 31 March 2025<br>-<br>23,324<br>6,225<br>32,750<br>**NET BOOK VALUE**<br>At 31 March 2025<br>7,445<br>3,209<br>2,970<br>7,652<br>At 31 March 2024<br>7,445<br>3,775<br>3,494<br>7,123|Totals<br>£<br>81,835<br>1,740<br>83,575<br>59,998<br>2,301<br>62,299<br>21,276<br>21,837|
|---|---|



## **5. FIXED ASSET INVESTMENTS** 

||Shares in|
|---|---|
||group|
||undertakings|
||£|
|**MARKET VALUE**||
|At 1 April 2024 and 31 March 2025|1|
|**NET BOOK VALUE**||
|At 31 March 2025|1|
|At 31 March 2024|1|



The charity holds 100% of the share capital of Codford Broadleaze Bar Limited, who provide the bar and other related facilities at Codford Village Hall. 

## **6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR** 

|Amounts due from group undertakings<br>Other debtors|2025<br>£<br>-<br>850<br>850|2024<br>£<br>698<br>685<br>1,383|
|---|---|---|



Page 11 



## **CODFORD VILLAGE HALL** 

**NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2025** 

## **7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR** 

|Amounts due to group undertakings<br>Other creditors|2025<br>£<br>487<br>5,445<br>5,932|2024<br>£<br>-<br>6,786<br>6,786|
|---|---|---|



## **8. ANALYSIS OF NET ASSETS BETWEEN FUNDS** 

||Unrestricted|Restricted|Total funds|Total funds|
|---|---|---|---|---|
||funds|funds|2025|2024|
||£|£|£|£|
|**Fund balances are represented by:**|||||
|Tangible assets|15,387|5,889|21,276|21,837|
|Investments|1|-|1|1|
|Net current assets|1,492|43,394|44,886|45,593|
|**TOTAL FUNDS**|16,880|49,283|66,163|67,431|
|**TOTAL FUNDS 2024**|22,663|44,768|67,431||
|**MOVEMENT IN FUNDS**|||||
|||Net|||
|||movement in|Transfers||
||At 1.4.24|funds|between|At 31.3.25|
||||funds||
||£|£|£|£|
|**Unrestricted funds**|||||
|General funds|22,663|(5,783)|-|16,880|
|**Restricted funds**|||||
|Restricted funds|44,768|4,515|-|49,283|
|**TOTAL FUNDS**|67,431|(1,268)|-|66,163|



## **9. MOVEMENT IN FUNDS** 

Page 12 



## **CODFORD VILLAGE HALL** 

## **NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2025** 

## **9. MOVEMENT IN FUNDS - continued** 

Net movement in funds, included in the above are as follows: 

|||Incoming|Resources|Movement in|
|---|---|---|---|---|
|||resources|expended|funds|
|||£|£|£|
|**Unrestricted funds**|||||
|General funds||19,921|25,704|(5,783)|
|**Restricted funds**|||||
|Restricted funds||34,485|29,970|4,515|
|**TOTAL FUNDS**||54,406|55,674|(1,268)|
|||Net|||
|||movement in|Transfers||
||At 1.4.23|funds|between|At 31.3.24|
||||funds||
||£|£|£|£|
|**Unrestricted funds**|||||
|General funds|21,211|1,452|-|22,663|
|**Restricted funds**|||||
|Restricted funds|38,381|6,387|-|44,768|
|**TOTAL FUNDS**|59,592|7,839|-|67,431|
|Net movement in funds, included in the above are as follows:|||||
|||Incoming|Resources|Movement in|
|||resources|expended|funds|
|||£|£|£|
|**Unrestricted funds**|||||
|General funds||28,982|27,530|1,452|
|**Restricted funds**|||||
|Restricted funds||7,444|1,057|6,387|
|**TOTAL FUNDS**||36,426|28,587|7,839|



The restricted funds are for the future capital development and improvements of Codford Village Hall. 

## **10. RELATED PARTIES** 

During the year, the charity received grants of £7,000 (2024 - £7,000) from Codford Parish Council, of which a charity trustee, D M Bartlett, is also a parish councillor. 

Page 13 



## **CODFORD VILLAGE HALL** 

**NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2025** 

## **11. MERGER ACCOUNTING** 

On 2 May 2024, the trustees formed a new charity - Codford Village Hall (registered charity number 1208107 - the ‘new’ charity) as a charitable incorporated organisation, to replace Codford Village Hall (registered charity number 305493 - the ‘original’ charity).  Following this change in charity structure, the assets of the original charity were transferred to the new charity with effect from 1 August 2024, which the trustees have accounted for in these financial statements through merger accounting. 

|1.4.2024 –<br>31.7.2024<br>pre merger<br>1.8.2024 –<br>31.3.2025<br>post merger<br>£<br>£<br>Total income<br>13,115<br>41,291<br>Total expenditure<br>10,322<br>45,352<br>**Net income/(expenditure)**<br>2,793<br>(4,061)<br>**Fund balances are represented by:**<br>Tangible assets<br>21,811<br>21,276<br>Investments<br>1<br>1<br>Net current assets<br>48,412<br>44,886<br>70,224<br>66,163<br>**Fund balances are represented by:**<br>Unrestricted funds<br>24,094<br>16,880<br>Restricted funds<br>46,130<br>49,283<br>70,224<br>66,163|Total<br>£<br>54,406<br>55,674<br>(1,268)|
|---|---|



The figures for 31 March 2024 all relate to the pre merger charity Codford Village Hall. 

Page 14 



## **CODFORD VILLAGE HALL** 

## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31 March 2025** 

|**INCOME AND ENDOWMENTS**<br>**Donations and legacies**<br>Donations<br>Donations - restricted<br>Donations - trading income<br>**Investment income**<br>Deposit account interest - unrestricted<br>Deposit account interest - restricted<br>**Charitable activities**<br>Grants - unrestricted<br>Grants - restricted<br>Rents<br>Electricity income<br>Special events income<br>**Total incoming resources**<br>**EXPENDITURE**<br>**Raising donations and legacies**<br>Special events costs<br>**Charitable activities**<br>Village Hall management<br>Rates and water<br>Insurance<br>Light and heat<br>Computer expenses<br>Telephone<br>Licences<br>Cleaning<br>Repairs and renewals - unrestricted<br>Repairs and renewals - restricted<br>General expenses<br>Carried forward|**2025**<br>**£**<br>575<br>2,600<br>-<br>3,175<br>142<br>485<br>627<br>1,000<br>31,400<br>17,092<br>466<br>646<br>50,604<br>54,406<br>153<br>3,238<br>250<br>1,879<br>8,278<br>264<br>364<br>412<br>4,190<br>4,466<br>27,250<br>179<br>50,770|**2024**<br>**£**<br>2,318<br>1,060<br>7,353<br>10,731<br>95<br>384<br>479<br>1,000<br>6,000<br>16,102<br>333<br>1,781<br>25,216<br>36,426<br>944<br>2,690<br>240<br>1,825<br>7,384<br>201<br>94<br>307<br>3,834<br>7,713<br>-<br>230<br>24,518|
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## **CODFORD VILLAGE HALL** 

## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31 March 2025** 

|**Charitable activities**<br>Brought forward<br>Redevelopment project costs - restricted<br>Depreciation<br>- Playground equipment - unrestricted<br>- Playground equipment - restricted<br>- Fixtures and fittings - unrestricted<br>- Fixtures and fittings - restricted<br>- Equipment - unrestricted<br>- Equipment - restricted<br>**Support costs**<br>**Governance costs**<br>Accountancy<br>**Total resources expended**<br>**Net (expenditure)/income**|**2025**<br>**£**<br>50,770<br>1,694<br>118<br>448<br>419<br>105<br>738<br>473<br>54,765<br>756<br>55,674<br>(1,268)|**2024**<br>**£**<br>24,518<br>-<br>138<br>528<br>494<br>123<br>716<br>406<br>26,923<br>720<br>28,587<br>7,839|
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This page does not form part of the statutory financial statements 

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