MILFORD VILLAGE HALL FUND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
MILFORD VILLAGE HALL FUND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Contents P•g• General infomiadon Trusiees report Indgpendent Examiners re[¥t Staloment of financral actswbes Balance sheet Notes lo ts fina181 statements 74
MILFORD VILLAGE HALL FUND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 General Inforn)atlon CHARrrf NUMBER 200343 PRINCIPAL ADDRESS Portsmouth Road Milford Surrey GU8 50S TREASURER Mr D Couper Milfortj Cotta Portsmouth Road Milford GU8 5HX INDEPENDENT EXAAIINER Mr K Ford F.C.CA. Ford Bentall LLP Chartered Certifiod Accountants 60 HKJh Street Chobham Surrey GU24 8AA SOLICITORS Edwln Coe LLP 2 Stonè Buildir4JS Llfi.S Inn London WC2A 3TH BANKERS LI0$ TS8 49 HKJh Streg1 Godalming Surrey Page 1
MILFORD VILLAGE HALL FUND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Répart of the Trust•es Milford Vi118gg Hall Fund was created by Trust Dèed dated 24 April 1970. 11 Is ro9iStered as a Charity under Registered Number 200343. ObJ•ctivgs & actlvlJès'. The Village Hall Management Committee aims. on behaw of tho trustees. to Fffjvlde hall and small meeting rooms available to rent for use by the h)cal community. Our curren¢ regular users include a variety of club$ and classgs. ranging from Zumba & Tai Chi to a childminders. playJroup. bndge. an antbques fair. 8nd dog training W8 also hav6 frequent private hirings for 11 funcibons. such as children's porties. The hall is generally well used and our tts"n9 income for the ypar was £28,590. mpared wth £21,292 lor 2024. Offi¢e rental. on a ft9 tarm knt to the Parf$h Council. brought An addith)n81 £3.320. FlnaDclal Cofflm•ntary This ha5 beèn the fiTsI lull year of ¢)ur now elèctrlcal heating system. fitted In autumn 2023, and we have had some teething problems arising from an inadgquale 8ctriCal supply to allow provlsion of booster healers on parbculady cokl day3. We are currenlly n8gotialSng for an 'increaso in load" provision by our el8ctricty $uppl¢er, vthich will allow enhancemant of the new system. Our electrlcity bills have, in the winter, b09n higher than expected. although the annual cosi of É15.372 was increased sbanrficantly by a delayed bill of £2.645 from 2023. Thls arose Irom 8 high tariff we'd inherited when we took back an offic8 from a long- lem) lenanl. Earfy in t or, through Utility ANJ, we negotiatsd a ¢heaptrr eloctricty contract for the whole building. During the yoaf we have replaced some dilapldaled IndOwS and èxternal dotsrs. tho cost of which w8$ largely mel by a Community Foundabon for Surrey linfrastructur81 grant of £8,902. received In August. In tlecewnber, we r8c8ive(l a YFS Small Community Fund Iresourcesl granl, also of £8.903. vthich 1$ to bg spent on naw lumishings lor our rneeling room5 (only one of whth is at present in a fil stAte to be hiradl and replacernenl external not9 board. Wè are indebted to these organisab.ons for supporting our efforts lo keep the village hall in good order. Other work, including repair to the rool and leaking drains. led to a lotsl maintenance 9xnd1 of £21,483. We anticipate a major refurbishmént ol the toilet areas to be our nexi big expenditure and are hoping that this work would also qualrfy lor some $¢)rt of assistance grant. R•s•r4e* Poll¢y We aim to keep In f8serve tho necessary funds to covor running expensès of th8 hall for six months. should we lose rental iome Ihrough closuia due lo unforeseen ¢iuM8e&s. Publ1¢ Benefit The Trustees ¢onsider that the organisation fully complies Trmth the Charity Commission's requirement lo domonslrale the prowsion of benefft to the public. This requirement is shown by thè Owrations and receipts and PaentS account by the varigty of regular hirers from w(thin the PBrish and other indivKlual bookings. Pag8 2
MILFORD VILLAGE HALL FUND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Govern•nc• and intemal Control ThÈ present Trustees 3rè as fdlows.. TrtJ8tee name Mr C Secrett Mr J Herring Mr W Edwards MrsKSm Wigglns House. The Drive. Godalming. Suffey, GU7 1 PO Borough Farm. Porlsmoulh Road, Witley. Surrèy, GU8 5JY Edwin Coe LLP, 2 Stone Builtlings, Lincdn's Inn. London. WC2A 3TH The Red H$8, stsb.on Lane, mlOrd. Surrey, GU8 SAD The powers of the Trustee5 IrudIng their investment pcpwers a govemed by the Trust Deed and general law. Report for tho Y•ar The Truste8s believe Ihal the income prOdUn9 8ctivitse$ have been well managed and the bullding is boing salislactodly maintained. Our is to maintakn adequate reserves In order to ensure that we aro able lo lund future rgpairs and maintenance of Mllford Village Hall. The finandal actlvities lor the rosult8d in • deficit of £10.14612024-. £12,401). The nel ass8ts at the year end amounted to £76,202 {2024'. £86.3481. The Truglees af8 of the opwiion Ihat the man89gment and maintenance of the hall hav8 b8on carrled out effectivgly. This report Was 8pprovgd on 2026 Mr D Coup•r Treasurer Page 3
MILFORD VILLAGE HALL FUNO INDEPENDENT EXAMINERS REPORT FOR THE YEAR ENDED 31 DECEMBER 2025 TO THE EXECUTIVE COMMITTEE OF MILFORD VILLAGE HALL We report on the accounts of the Village Hall for the year ended 31 December 2025 as sel out on pages 4 to 7. These accounts have been pr8parad cm the basi5 01 accounting wliaes set out therein. This report is $0181y made to th9 Charitys TnJstee$ 8S 8 tthy. in ac£ordance with $8ction 145 of the Charitiès Act 2011. Our work has been urthrtaken so Ihat we might stste io the ChanW$ Trustees those mattets we are requirgd to state io them In thos rep(xt and for no other puw•. To the lullest extent permited by law, we do not awpt or r8sume responslbilty to anne other than the Ch8rity and the Cttaritys Trust8•s as a body. lor rny work. for this rèport, or for th8 opinKJns we have fom)ed. Re¥p•Gtlv• R••pon8lbIlltl of Tru•t••• •nd Ind•p•hd•nt Ex•rnln•r The Village Hall's Trustee5 ra8wnslb lof thg preparation of th& acwjnts. Th8 Trustèas consider that an audit is noi r8quired for this year under section 144121 of the 2011 Chantie3 Ac¢ I'th8 2011 Aet'l and that an indepandent 8xaminatk)n is need8d. Tha Village Hall is weparng accovnts on an 8crru8ls basks and we qualffied lo undertake th8 exwnin8tk)n by beirq 8 qualrfied m•mb6f ol The Assocbal ol AcCnI8nts.. It i¥ our responsib'lity to.. ExarNne the accounts under tion 145 of the 2011 Act.. To follow the proc8dures18id dovm in the General Direct9 glven by the Charfty commission rnade under section 14515llb} of thè Act, and lo state %thether pgrtiojlar matters have c¢)m• lo ¢)ur atttnlk)n. 8a•l• of Indend•n1 Ex•rnln•e• Stslgm•nt Our examination was carri8d out In 8c¢ordance wlh G8neral Dir&dions givèn by the Charfty Commisslon. An examination includes a review of the accounllng records kept by th8 Charity and a wrpanson ol the accounts presented with those records. It also indudes consid¢ratson of any unusual 1¢gms or disdosures in th6 accounts and seeklng explananS from the TnJsts8s concerning any such mattèrs. The pro¢•dtsres undertak8n do not provide all the 8dence that would be requlrad in an audit and consequenUy no oplnion is given 8s lo vthether the 0¢unts present a true and far vl¢w and th8 report is lirniied to tho$8 mattels sot out bekjw. Independ•nt ExamIn•& Stalement In conno¢tion wth our exanwnatson no matter has come to i>ur attontion. lal which gNes us asonab ¢8usè to believe Ih8t in any malgrial respect tho requirements to keep axounting 0)rdS In a¢ccKd8nc8 wilh secllon 130 of the 2011 Act To propaTe accounts %thich accord with the accounting rec¢rfs ond comply the acts)unting requirement of the 2011 Acl. hove not been mèt or to bthich in our opinion. attenti¢)n shoukl be drawn in order to 8nable 8 proper underslanding of the accounts to be Teached Ibl A FORD KAFord Indopendenl Examiner FCCA Ford Bentall LLP 60 High Street Chobham Surrey GU24 8AA 2026 Pw4
MILFORD VILLAGE HALL FUND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 STATEMENT OF FINANCIAL ACTIVITIES 2025 Unrastrthd R&stricted Totsl Funds 2024 Total Funds Incomlng R•s•urc Incoming r•sourw from g•n•rnted funds Volun¢ary Sncome Inoltr 81 Investment incom• (notè 91 Grants 165 1.766 165 1,766 8,2 10,833 143 2.647 8.WJ2 8,902 1.931 2,790 tlvltl•• lof g•n•tatlng lunds H8111gttingS Right of access Rental 27,3 1.2110 3,320 31.910 27.390 1200 3,320 31.910 20,901 1.200 4,070 26,171 Tot•1 Incamlnq r•Jour¢•• 33.841 8,902 41743 28,961 R•soure• •xp•nd•d Co•t of g•n•rntlng lund• Hall operatln9 8xpenses (not• 101 Govérnance costs Inoie 11} Total ro•ourc•s •xpend•d 8,902 40,846 S18 41,362 43.987 0.902 Nèt InmIng r•iour¢•• .1Q.146 -10.1 -12,401 Total fund• brought forw•rd 86,348 86.348 98,749 Total funds ¢arrl•d forard 76,202 76,202 86,348 Contlnulng Operatlon* None ol Ihè Village Plall's aCtN&S were wulrgd or di5coniinuthJ duriThJ the trKJ financial yègr8. Statem•nt ol recognl••d gJSn• and loss•s No siat&ment of Tolal Rwnised Gains arKJ Losses has begn prepared as the Vilage Hall has no recognised gain$ or losses other than the profits artd k>sses for the abovo finanu81 periods. The notès on pages 7 to 8 form part of thèse ac[nts Ptsktr 6
MILFORD WLLAGE HALL FUND FINAfrICIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Balan¢0 $h••t as at 31 D0mber 2025 2025 2024 Unrestr3+j Restricted Total Unr6Stricted FIXED ASSETS {note 61 20.545 22,962 CURRENT ASSETS Cash at bank '. Curr8nt Current 32 Day Noti Fil Rat8 Saviros 12,987 52 22,619 20,01)0 55,657 8.902 21,889 52 22.619 20.000 64.$59 11,109 33 22,244 30.000 63,386 8.902 76.202 8.902 85.104 86,348 CURRENT LIABILITIES A¢Jvanca Grant Money 8.902 8.902 NET ASSETS 76,202 7620 REPREseNTED BY.. FUNDS Accumulatg¢J fvnds brought frywwd 98.749 DeficR for th• yaar -10.146 -10.146 -12.401 Accurnyl•t8d funds carried fe4ward 76,202 76,202 86,348 Mr D Coup•r Treasurer Truste8 Oated.. Dat8d'. 2026
MILFORD VILLAGE HALL FUND NOTES TO THE ACCOUNTS FOR THE YWI ENDED 31 DECEIABER 2025 STATEMENT OF ACCOUNTING POUCIES Ba$1$ of Proparatlon The a¢¢ounts have been prepared in accx>rdance wlh Ihe sfèment of Recommended Practic6. Accountiry and Reportir#J by Chants"es ISORP 20051, applicable AtetsJniing star¥Jards, the ChariU•S Act 2011 Ihts hlston"rAI cost convenkn 8$ mJrfd by a valuation of the Vlllago Hau. Cash flow The accounts do not indud• a ¢a6h Il¢w slatement because the Vili8y Hall, as a small repth'ng enbty. is 8xmpt frorn the requirements to prewa such a ststsmanl uThJ8r Flnancial Reporung Slandard I 'Cash Ik)w Staternents.. Incomln9 r•Jour¢ All incorning resources ar• included in Ihg Stat•ment or rinantial actlvitigs when the Village H811 is •ntsUed to thvj income and the 8mount can be (w116 with reasonabl6 accuracy. Th8 lollowing sp8crfic wllci8s ar• app168d to mah catsyies of icome.' Vduntsry Income cornprisas donations. b Investm•nt incorne Induded in these A¢ts when rnceNabl8. c Hall leitings, car pwk rental and adv?rtbsivJ Inc8 is In¢d•d In th•s• AcfAyJnts on a receipts basis. R•ourcg• Exp•nd•d Expendilur8 Is Indudf•Y M) the StatwTnt of finandal 8ctfv6Ies Is bK4uslv• of VAT a Ho11 0pèrOng exptrnses Cnpn all those g)sts Ined dlr•dy supwb'ng th• ineome generatin9 actlvrtles of the Vllkige Hall. b Charita9 expsnditure comws•s any cx)sts inoJrr•¢J that do not spodfi¢aly yn8r8te ineome, ¢ Governane• co818 Indud• those costs 8s1oce %lh m¢•ting staluiryy requirem18 of the Wlla9• Hall. TANGIBLE FIXED ASSETS Dopr8dalion is PrOvjed at th• foll¢JwThJ annual tsre In ¢)rder to wrfl• off thvj a$t ovor Its eslim8ted u5•1ul lifo. Laasehdd ipVemen1$- Str8wJht In OV•f tan year GRANTS RECENABLE Grants of £17,804 wèro during t(Mf8rds bulldlng repalrs. As 8t tha year end £8,902 had been spènl on t*Jikfjirfj rep8irs and the r•maknlng balan 01 £8,SX12 Is earrn0t1( Icrf expendttufe in 2026. TAXATION The Fund ts treated lor rF<Wallon ta¥ purwws as beiThJ mulualty trading and is not liablg to UK corporatyon tax LX) its trading profit5. The charge for twtion is bas•d on Investrnent incom8 for the year. No provision deleTred laxation 15 made rf Ih8re is Teawabie evldence that such deferred tsx# will not patle in Ih? fore58eable luiure. MANAGEMENT COMMirrEE MEMBERS REMUNERATION AND BENEFrrs Ther8 Wtre no Committee members rerNn8rdt1 or 0th8r benefits for tha yè8r ended 31 December 202512024-.Nill Tr•asurers Exp•nses Exp8nsès of £338 were r•Smtwrsgd to 3 Truslees for the year WKlwl 31 Dgcombgr 2025 12024.. £1,911-2 Trust1. Pw7
MILFORD VILLAGE HL FUND NOTES TO THÉ ACCOUNTS FOR THE YEAR ÉNDEO 31 DECEMBER 2025 continued TANGIBLE FIXED ASsErs 2025 L$hOld Impn>¥em¢nt Cost l¢u Grant As at 31 Decembor 2025 24,171 Dop1oI10 As at 31 December 2024 Char9e for the year As al 31 December 2025 1,209 2017 NET BOOK VALUE At 31 Decembor2025 20,S45 At 31 Decefflb•r 2024 22,962 RELATEO PARTY TIIANSACTIONS There were no ralaled part transactsons lorthg Tend#d 31 Decam 2025 nor lor the yeaf onded 31 D•cornb8r 2024 VOLUPITARY INCOME 2025 2024 Don8tk> Olh8r 165 100 43 65 INVESTMENT INCOME 2025 2024 Depostt Inlar•Bt 1.766 10 HALL opeRATING EXPENSES Unr•¥trkt8d R•trfct•d 2025 2025 Totsl 2025 Unr•trlct•d 2024 16,148 1.652 16,148 1,652 606 27,71)9 1.8lJ 2A17 6,186 1,988 oiri¢¢ Sup1•8 •nd $orvké8 AdmlS¢ratiOn and claaning fees Prernis&s expenditure Ha4 insurance Depreciat)n 18,807 1.813 0.902 22.725 1.750 1,209 .026 11 GOVERNANCE COSTS 2025 2024 Village Hall Fund; Independent eXaUn fee Le9al f808 624 1.920 516 516
MILFORD VILLAGE HALL FUND INCOME AND EXPENDiTURE FOR THE YEAR ENDED 31 DECEMBER 2025 2025 2024 Incomlng rèsourcès Hall Settings Right ol access Rental- Whilley Parish Council Grants Donations Othèr Interest r8cesv4d Totol Incomlng reUrceS Unrestricted Reslrthd 27.390 1.200 3.320 Tot81 27.390 1200 3,320 8,902 165 Unrestrictec 20,901 1.200 4,070 8.902 1fj5 loo 43 2,647 28,961 1.766 33,841 1.766 42.743 8.902 Rè•ources •xponded Caretsker and cleaniThJ Cleaning materièls Electricity Gas Garden m8int8nance Repairs & maint8nanc* Building fi audit Insurance Business ond watgr ral88 Refuse ¢ollection Lkences and music Accountancy Lggal Broadband and Wobsitt Mlnor items Depreciallon Total r•¥ourc•• •xynd•d 4,815 255 15.372 4,815 255 15,372 5,155 613 5.4S9 727 2,198 19,287 511 1,750 504 12,$82 8,902 61 1,813 734 845 243 624 1,920 1,409 351 2,417 43.987 504 21,484 61 1.813 734 729 209 518 243 624 1.920 1,409 351 2.417 52,889 1,780 1,220 1,209 41,362 8,902 Defl¢lt for th• Y•ar 110.146 {10.146) 112,4011 This paoe does noi form part ol the publsshed accounts. Page 9