Freemantle Hall
Financial Statements and Report
For the year ended 30 September 2022
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 2022
The Trustees’ present their report and the independently examined financial statements for the year ended 30 September 2022.
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 £33,366 and expenses incurred amounted to £30,550. The surplus was £2,816 is held for future needs of the hall and charitable purposes.
The trustees hereby acknowledge their responsibilities for ensuring that the Freemantle Hall:-
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Maintains a proper and adequate accounting records, and
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To prepare accounts, which are in accordance with the Charities Act and applicable accounting standards, and
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Report any relevant significant matters to the Charity Commission to provide proper understanding of the activities of the charity, and
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Ensure that an independent examination and report prepared each year by suitably qualified accountants, and
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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 2022, which is set out on pages 3-6.
Respective responsibilities of Trustees and Independent Examiner:-
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As charity’s trustees you are responsible for the preparation of the accounts.
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You also consider that the audit requirement of Part 8 and sections 145 and 152 of the 2011 Act does apply.
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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:-
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A review of the accounting records kept by the charity and a comparison of the financial statements with those underlying records.
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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 2022 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 2022
Incoming Sources Hire fees Grants received Support and management expenditure Cleaning Insurance Rates Light and heat Computer and IT 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 |
9,830 3,749 1,560 4,668 397 120 802 8,415 935 575 - 154 _ |
2022 £ 30,699 2,667 _ 33,366 _ (30,550) _ 2,160 ____ |
2021 5,856 1,707 1,013 2,601 649 116 617 9,094 115 546 21 311 _ |
16,800 19,485 36,285 (22,646) _ 13,639 |
|---|---|---|---|---|
Page 3
Freemantle Hall
Balance Sheet
| As at 30 September 2022 2022 Notes £ £ Fixed assets Tangible assets 2 307 Current assets Debtors 3 - Cash at bank and in hand 36,308 _ 36,308 _ Current liabilities 4 Creditors 575 _ Net current assets 35,733 _ Total assets less current Liabilities 36,040 _ Represented by: General fund 36,040 Designated fund - Restricted fund - _ 36,040 _ |
2021 £ - 33,804 33,804 546 ____ |
_ |
£ 622 ___ 33,258 33,880 _ 33,880 - - _ 33,880 _ |
|---|---|---|---|
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 2022
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 2021 | 622 |
| Additions |
150 |
| _ | |
| At 30 September 2022 |
772 |
| _ | |
| Depreciation | |
| At 1 October 2021 | 311 |
| Charge for the year | 154 |
| _ | |
| At 30 September 2022 | 465 |
| _ | |
| Net Book Value As At 30 September 2022 | 307 |
| _ | |
| Net Book Value As At 30 September 2021 | 311 _ |
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 |
2022 £ - __ 2022 £ 575 _____ |
2021 £ - 2021 £ 546 _ |
|---|---|---|
Page 6