MILFORD VILLAGE HALL FUND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
MILFORD VILL4GE HALL FUND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Contents Page Trustees reFM)rt 2-3 IndeFendent Examinefs repxt Balance sheet
MILFORD VILLAGE HALL FUND FINANCIAL STATEUENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Gthor•l Inlom)allon CHARITY NUMBER PRINCIPAL ADDRESS Porfsmouth14oad Mlford Surrey GU8 SDS TRESURER Mr O Couper Millord Cott Portsmouth Road ord GU8 5HX Mr K Fonl F.C.CA F(¥d Ben1 LLP Chartwed CerbfJ•J Acntants 60 HbJh Street Surrey SOLicrroRS E(h¥in Coe LLP LwuAn's Im WC2A 3Th BANKERS Lk)> TS8 49 High Slreet Godakning Swey P&Je 1
MILFORD VILLAGE HALL FUND FINANCSAL STATEMENTS FOR THE YEAR ENOED 31 DECEMBER 2024 Report of the Trustees Structure Milford Vlllage Hall Fund was created by Tnjst Deed dated 24 Poril 1970. 11 is registered a5 a Charity under Registered Number 200343. Oblectlves Milford Vtllage H1 Fund Ihe Setting Maint ofthe h[ for lh8 benefrt of tt)e village of MilfLYd. The Will•Je Hall Managn8nt Committee aThs, (¥) behalf trustees. to wovJe a h811 and sm811 meeting ro(#n$ avaitable lo rent for use by Ihg local oyftmlfy. I curr8nt regular users Inclsjde a ol dubs aThl classes. and also hava a nuTnber of private hirings for sodal fur1$. suth as chihjren's pattss. hall is gen wdl used. Flnanclal Commenlary In thts $orfy part of the )Earwe vrnre bwt by problems arisww from the of our Old whh was fitted in Septwnbaf. ext1 Fwqect. costiry around £17.IX)O. but helped by a Parish Ccl grant of £14.171. Our e¢fr lylls Imve weased considerably. allgh our gas bllls e miThmal.We 430 unthrto)k to rest(Ye Ihe Durng Ihe first quarter of the year. were reliant on lgmpxary use of the fan hèatets. an inathquate tern wthtch caused many comF4aints users. we reduced Ihe renlal fee by 50% by way of compansalion. In spiie of this. and ert the increased by over 20% on the previc year. Temoved whkb was anoth8r large expenge (c£12.OCKI). Thi& tcJetherwith exte1Ve hal floor resloration. essent1 plumbiNJ general rnaintenWe and buikling repth led to a iot81"Refirtshment arml repay spend of£58.558. We have completed a large am(wnt of necessary work and an"Cipate far )ET expenditure in 202S. Reserv•B Poky We aim to keep reserve the necessary funds to fuT1ng expenses of the hall for six months. shoukJ we k)se rental Iome Itwh doswe due to unftyeseen Publlc Benefit The Trustees consider that the tygar*5ation compkn the Charity Commi5SK)n's requirement to deMstrate the prolc of to Ihe publ. Thrs requlremenl ss shrAvn by the Operations and receyt5 arKI payments accwnt by Ihe variety of wukqr hirers from with#) the ParK%h arKi other WKthvKlual bookings.
MILFORD VILLAGE HALL FUND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 CEMBER 2024 Governan and Interno1 control Thè present Twstee5 are as follch¥S: Trustse nam Mr C Secrett Mr J Herring Mr W Edward5 MrsKSm W(ggins Hous8, The Drive, Godalming. Surrey, GU7 1 PD B(xough Fm. Portsmouth Rol. Wiw. Swrey. GU8 SJY Edwn Coe LLP. 2 Slfft 8uikJrys. Lmcoln's lrn. LcrfMh)n, WC2A 3TH The Red HThJse. Slalm 141itrord. SurTey. GU8 SAD pcwers of Trustees i1j¥¥j their mStMent are gwrd by the Trusl Oeed and generdl law. Report for th• Y The Tnjslees belleve Ihat Ihe income prod adtvitss have l%en wel managed arKI the building has been satisfathrlly maintained. l)Jr polw is to mairtain adequtste reserve5 in order to ensure that we are a0 to fulure repaws mairts)arKe of Mlford Will•3e H1. The fmancial jwr resulte(l ui a dit of £12.401 (21Y23: £20.079). The net assets at the end amounted to £86,348 {2023: £98.7491. The Trnstees are ofthe opthi Ihal Ihe rnana WMI Moint of th8 hall have been Carr out effectivdy. This report was gpwoved on 2025 Couper TreaSur
h•LFORO VILL•E HL FUND INDEPENDENT EXA•PIERS REPORT FOR IHE IEAI ENDED 31 DECEER 2024 TO THE EXECUTIVE COK•ATfEE OF k•LFORD vILLE HL We report Ihe a¢¢ounls of the Vinap8 Hal for the year en(JeiJ 31 D•cemLW 2ty24 as sel ou¢ LNI pagqs 4 to r. These a¢¢ounis havg t8n prepared on lh8 ¢ts Of accowKJr¥J po¢ sa o Iherwn. This so181y made to the Clwity's TnJstees as a Ix. in acc(the vAth $ectth 145 of the Charities Act 2011. Our tyk l)as been UN[en so tlot * mtght stale to Ihe Charity. TTUStees Ih06e malters we are luwir1 lo slate lo tFw) in ihts rewxt arnj lor no purpDse. To lh9 fullest 8Xtent p8rniitled by law. rnSLme reswM)SY to anyo otlw than rhe Gbarity aThJ the CIMrily's Tw5tees as a tKxty. for my TAryk. lor Ikms rrfmyt. w Icw the Opr1$ hav e forml. R••p•¢Wve R••ponlbllltl• Ot Trtttw Ittdepend•I Exthnlnr Tho Village Hl'S Trusle8s are reswnsit4e lor Ihe preparatn of ih6 &ciyffits. Th Tnjstees conskler that an autht is not r8wir8d Ivr Ihis yw us%lar 144121 of Ihe 2011 Charities Acl rtho 2011 A¢t'l and that an ir¥lwnd¢ni examiAtion is [eded. Vg& Hall is pteparirvJ acceunts on an basK8 ar are ¢w14ed to uThYertake Ihe examH)atw)n by beir#J a quaIrfd m•Trbw ot Th• Association ol kcountanls.. It is our r•sp0rtsii¥ty to". Examine Ihe accwnts uThler Sec1 14S of the 2011 kt: To lollyw ¥£118s l&•1 in the Ge01 Dwectior6 wen by the Charhy commision rnad8 181 $6rltoft 145(5llbl ol the A¢t, to stale vlher partukr mattws twve wne to ow attwrtK41. Basis of Indepond•t Euwniner's S1•teml Our eXaMinn Wds carri8(l out in accde wth Ggnerd Directions tqV8n by Ihe Chafily Comm4ssion. An 8xamination inc8& a ra¥iew ol cOtITyj records by Ihe Charily and a cornparisc ol the accourts pres&)ted ¥Ath thos8 It 0 IlLS corstiation of any unusual items or th$ceS In the XCOW4ls arnl sed¢KwJ expla)alK% fmm Ihe Tmsteos concerThNJ any $wh matleTS. The uTrrtaken th) tYo¥wJg al the evKkn& that ba requir8d in an at arKI c¢wntty no wilon 15 gr¥en as to a¢cowts a aTrl fair vigw ar Iho is limitod lo t&e rnatters set L¥rt b810w. Independenl Exarnlfter's St•teml In Connect our eMaminatK)n mallar has come to our atlention. lal h gives us re&s(the cause to bee thal in any material reSt th8 rewirements to keep ¢7t¥ recorts in accofdwKe vith 130 01 th8 2011 Act To ¥thh VAlh Ihe (jnIn3 rordS aTrJ comtdy vilh acCrA Ihe 2011 Act. have not mel or lo thch in our $0. t• taTr ¥) or(r to 8nat48 a woper uThJarstaWKlng of th8 accou s to I reh•y Ibl Ford Bentall LLP 60 HwJh StrEet Chobham Suirty GU24 8AA K A Fcffd FCCA Dated.. 2025 Pw64
MILFORD VILLAGE HALL FUND FINANCIAL STATEIAENTS FOR ThE YEAR ENDED 31 DECUIBEA 2tr24 Tow Funds Tclal Fur•Js IncomlTrJ R•wur¢es VOntary income Ine 7) Imieslment ¥wne {ThJtè 81 143 ot aecess Hal lettir RenMI 20M11 17,170 6.720 25. TO1 In¢oThlng 961 Cost ol gelatI tsnd$ H1 owatiry expw)s¢s (Thxe 91 Inote 101 47.025 516 41 47.515 -20.079 Totsl Iwxls brougm lornwd 9&749 118.828 98.749 Conlinuing No stat8menl ol Total Rtcognised G•"r aA Losses has be wepwed as th# Hall has rseognised gains C h)sse8 fAhorlhan the prcrfits aThJ )sses [the two finwKial pg1ic¥J$. nrtes on pages 7 10 8 lorrn part ofiheseacxwrts
F4llLFORD VILLAGE HALL FUND FINATrICIAL STATEI.AEIITS FOR'IHE YEAR EtlOEO 31 OECEI.IBER 2ff4 831ance shtret Lis ai 31 Dpcember 2024 2023 FIXED ASSETS Inote11 } 22,gVd CURREkll' ASSErs Cash ai bank CutTenl 11,109 11.350 32 Day Iyoi Hampshire Twst Bar 22.244 47,622 40,OCK) 86.348 98.972 CREDITORS Amounts falllng due In one yr Inole 12} 223 NEf pSSEtS 84348 98.749 RCPRESCNTEO B'I- FUI.IOS Accumulated lunds broughl lorward 98,7É19 118.828 Delicit for the year 112,401) 120.0791 AcmUlat funds ca1j IoTwaTd 86.348 98,749 Mr D Coiiper Treasurer Dated". IF" k1 2025 Page 6
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MILFORD V1LLIQEML FUND NOTESTOTNEcoUHy$F0A IHEYEAW èKla) 31 DECEIIBBI 2124 nt WXIJNTIIYWC4XI£ 14J Uohues Hal IrfjLT 47.CeS iaovERNH¢E COSTS Ilffje Hal Fw 516 Ch¥gefty tresw aa31 a MEf BQOKVXUE A31 3124 12 Cl1(1 PJ•8