## **Freemantle Hall**
**Financial Statements and Report**
**For the year ended 30 September 2021**
**Charity Registration Number: 211899**
## **Freemantle Hall**
## **General information**
## **Trustees**
## **Reporting Accountants**
Mr Keith Andrews Mr Alan Downing Mr Allan Jones Mr Sally Matkins Mr Andrew Ross (Chairman)
Kishens Chartered Accountants 13 Montpelier Avenue Bexley Kent DA5 3AP
## **Freemantle Hall**
||**Contents**||
|---|---|---|
|||**Page**|
|Trustees report on financial activities||**1**|
|Statement of trustees responsibilities||1|
|Accountants' report||**2**|
|Statement of financial activities||**3**|
|Balance sheet||**4**|
|Notes to the accounts||**5 – 6**|
## **Freemantle Hall**
## **Trustees’ Report for the year ending 30 September 2021**
The Trustees’ present their report and the independently examined financial statements for the year ended 30 September 2021.
## **Principal Activities**
The Freemantle Hall is a Registered Charity (number 211899) and continues to provide a community facility in the heart of Bexley Village on Bexley High Street.
The hall, which is not grant aided is held in perpetuity by a charitable trust and managed by trustees, whose principal activity, is to hire the hall and secure its continued existence and use as a community asset. The trustees restrict commercial hires to maximise use by community groups and residents. Charities and some Social Community organisations are given preferential hire rates and in some cases no charge is made.
During the year the income was £36,285 and expenses incurred amounted to £22,635. The surplus was £13,650 is held for future needs of the hall and charitable purposes.
The trustees hereby acknowledge their responsibilities for ensuring that the Freemantle Hall:-
- Maintains a proper and adequate accounting records, and
- To prepare accounts, which are in accordance with the Charities Act and applicable accounting standards, and
- Report any relevant significant matters to the Charity Commission to provide proper understanding of the activities of the charity, and
- Ensure that an independent examination and report prepared each year by suitably qualified accountants, and
- Have the required controls in place to detect any irregularities and fraud.
Signed on behalf of the Board of Trustees by
………………………………………………. Dated: ………………………
**Trustee – Mr Andrew Ross**
**Page 1**
## **Independent Examiner’s Report on the accounts of Freemantle Hall**
I report on the accounts of the trust for 12 months to period ending 30 September 2021, which is set out on pages 3-6.
## **Respective responsibilities of Trustees and Independent Examiner:-**
- As charity’s trustees you are responsible for the preparation of the accounts.
- You also consider that the audit requirement of Part 8 and sections 145 and 152 of the 2011 Act does apply.
- As the reporting accountant, my responsibility is to state on the basis of procedures specified in the General Direction given by the Charity Commissioners under Charities Act 2011, whether particular matters have come to my attention.
## **Basis of Independent Examiner’s Report:**
My examination was carried out in accordance with the General Direction given by the Charity Commissioners. An examination includes:-
- A review of the accounting records kept by the charity and a comparison of the financial statements with those underlying records.
- It also includes consideration of any unusual items or disclosure in the accounts, and seeking explanations from you as trustee concerning any such matters.
The procedures undertaken do not provide all the evidence that would be required in an audit and consequently I do not express an audit opinion on the view given by the accounts.
## **Independent Examiner’s Statement:**
We have conducted our independent examination in accordance with applicable UK accounting standards. We have examined on a test basis the books and records of the Charity. This includes an assessment of significant estimates and judgements made by the trustees in the preparation of the financial statements, and whether the accounting policies are appropriate to the company’s circumstances, consistently applied and adequately disclosed.
We planned our work and obtained all information and explanations which we considered necessary to provide us with a reasonable assurance that the financial statements were free from material misstatement. In our examination we also considered the adequacy of presentation of information in the financial statements.
## **Opinion**
In our opinion the financial statements provide a true and fair view of the Charity’s affairs up to 30 September 2021 and of its income and expenditure for the year then ended and have been properly prepared in accordance with generally accepted accounting principles.
## **Kishens Chartered Accountants 13 Montpelier Avenue, Bexley, Kent, DA5 3AP**
**Page 2**
## **Freemantle Hall**
## **Statement of Financial Activities**
## **For the year ended 30 September 2021**
|
**Incoming Sources**
Hire fees
Grants received
**Support and management expenditure**
Cleaning
Insurance
Rates
Light and heat
Computer costs
Print, post and stationery
Telephone and internet charges
Repairs and renewals
Travel and subsistence
Accountancy
Sundry expenses
Depreciation on equipment
**Surplus for the year**|
5,856
1,707
1,013
2,601
649
116
617
9,094
115
534
21
311
_______|**2021**
**£**
16,800
19,485
_______
36,285
____
(22,635)
_______
~~_______~~
**13,650**
_______|**2020**
4,533
1,858
(9,082)
3,103
-
-
1,007
2,728
-
504
468
467
_______
|
14,340
-
14,340
(5,586)
**8,754**
|
|---|---|---|---|---|
**Page 3**
## **Freemantle Hall**
## **Balance Sheet**
|**As at 30 September 2021**
**2021**
**Notes**
**£**
**£**
**Fixed assets**
Tangible assets
**2**
622
**Current assets**
Debtors
**3**
-
Cash at bank and in hand
33,804
_______
33,804
_______
**Current liabilities 4**
Creditors
534
_______
**Net current assets**
33,270
_______
**Total assets less current**
**Liabilities**
**33,892**
_______
**Represented by:**
General fund
33,892
Designated fund
-
Restricted fund
-
_______
**33,892**
_______|**2020**
**£**
-
19,814
19,814
504
__________
|_
|**£**
933
_________
19,310
**20,243**
_______
20,243
-
-
_______
**20,243**
_______|
|---|---|---|---|
||
|||
|||||
We approve these accounts and confirm that we have made available all relevant records and information for their preparation.
**Mr Andrew Ross Date …………………..**
## **Trustee**
**Page 4**
## **Freemantle Hall Notes to the accounts**
## **For the year to 30 September 2021**
## **Accounting policies**
## **1.1. Accounting convention**
The accounts are prepared under the historical cost convention modified when necessary to include the revaluation of certain fixed assets. The accounts have been prepared using generally accepted accounting principles and standard accounting practice.
## **1.2. Income**
Income represents amounts raised from grants, fund raising activities, donations and subscriptions where applicable. The amounts are recognised in the year in which they are received unless the donor specifies a future period to which the funds have to be applied.
## **1.3 Direct costs**
These are resources expended to deliver the various services offered. These are accounted for on an accruals basis inclusive of any VAT, which can not be recovered. Expenditure is separately identified and specific funds are used for each respective activity as appropriate.
## **1.3. Tangible fixed assets and depreciation**
Depreciation is provided at rates calculated to write off the cost or valuation less residual value of each asset over its expected useful life, as follows:
Fixtures, fittings and equipment - 33.33% Reducing balance basis
## **2. Tangible assets**
|**2.**
**Tangible assets**||
|---|---|
||**Equipment**|
||**£**|
|**Cost**||
|At 1 October 2020|
1,400|
|Additions
|-|
||_______|
|At 30 September 2021|1,400|
||_______|
|**Depreciation**||
|At 1 October 2020|467|
|Charge for the year|311|
||_______|
|At 30 September 2021|778|
||_______|
|Net Book Value As At 30 September 2021|622|
||_______|
|Net Book Value As At 30 September 2020|933
_______|
**Page 5**
## **Freemantle Hall Notes to the accounts (continued) For the year to 30 September 2021**
|**3.**
**Debtors**
Trade debtors
**4.**
**Current liabilities**
Other creditors – Independent examiners report fee and sundry accruals
|**2021**
**£**
-
______
**2021**
**£**
534
_______|**2020**
**£**
-
**2020**
**£**
504
_______|
|---|---|---|
**Page 6**