WING HALL TRUSTRUSTEES REPORT - YEAR ENDED 30 SEPT 2022
Following the previous year of covid, thankfully the past year has
been one of returning to normality- The level of usage of the hall
has come back to its pre covid levels. although some users have not
resumed they have been replaced by others. The income from hall
users has been restored and income from our commercial tenants
continues at a steady level.
The trust appointed Messers Tofields of Bletchley to be the
overseeing company to regularly inspect both the Hall and
Charlotte Cottage for repair and maintenance. This relieves the
small full time staff to concentrate on the day to day maintenance
and to spread the work load.
Again all the staff and volunteers have worked tirelessly to keep
the Hall as a very attractive and popular venue for village activities.
The Trusvs policy on reserves is unchanged.
## **WING HALL TRUST (Charity Number 212601)**
## **ACCOUNTS**
**FOR THE YEAR ENDED 30 SEPTEMBER 2022 WING HALL TRUST (Charity Number 212601)**
RA & DA Thompson 30 High Street Leighton Buzzard Beds LU7 1EA
## **WING HALL TRUST - Charity Number: 212601**
## **Accounts for the year ended 30 September 2022 Independent Examiner’s Report to the Trustees of Wing Hall Trust**
I report to the Trustees on my examination of the accounts of Wing Hall Trust for the year ended 30 September 2022 which are set out on pages 2 to 6.
## **Respective responsibilities and examiner**
The Charity’s Trustees are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011.
The Charity’s Trustees consider that an audit it not required for this year (under Section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
It is my responsibility to:
- Examine the accounts (Under S145 of the 2011 Act).
- To follow the procedures laid down in the General Directions given by the Charity Commissioners (under S145(5)6 of the Act) and;
- State whether particular matters have come to my attention.
## **Basis of independent examiner’s report**
My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the Charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees 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**
In connection with my examination, no matter has come to my attention;
(1) which gives me reasonable cause to believe that in any material respect the requirements;
- To keep accounting records in accordance with S130 of the 2011 Act; and
- To prepare accounts which accord with the accounting records and comply with the accounting requirement of the 2011 Act
- have not been met or;
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
DA Thompson Chartered Accountant
30 High Street Leighton Buzzard Beds LU7 1EA
-1-
## **WING HALL TRUST (Charity number 212601)**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 SEPTEMBER 2022**
|**Notes**
**INCOMING RESOURCES FROM**
**GENERATED FUNDS**
**Income from Charitable Activities**
Hall Rents and Lettings
Coronavirus Grants
**Investment Income**
2
**Surplus on revaluation of Investment income**
**Total Incoming Resources**
**RESOURCES EXPENSED**
Charitable Activities
Hall Expenses
3
Governance Costs
4
**Total Resources Expended**
**NET INCOMING/(OUTGOING)**
**RESOURCES**
**RECONCILIATION OF FUNDS**
Funds brought forward
**TOTAL FUNDS CARRIED FORWARD**
|**2022**
**£**
33,596
-
33,596
45,528
157,870
236,994
62,291
2,152
64,443
172,551
682,063
854,614|
|
|---|---|---|
||||
**-2-**
## **WING HALL TRUST (Charity number 212601)**
## **BALANCE SHEET AS AT 30 SEPTEMBER 2022**
||**Note**|**2022**|||**2021**|
|---|---|---|---|---|---|
|**FIXED ASSETS**||**£**|**£**|**£**|**£**|
|Assets used for charitable||||||
|Purposes|6||224,366||231,845|
|Investment Assets|7||522,321||365,874|
||||746,687||597,719|
|**CURRENT ASSETS**||||||
|Debtors|8|7,173||7,269||
|Cash at Bank & In Hand|9|105,429||90,380||
|||112,602||97,649||
|**LIABILITIES**||||||
|Creditors falling due within||||||
|One year|10|4,675||13,305||
|**NET CURRENT ASSETS**|||107,927||84,344|
|**NET ASSETS**|||854,614||682,063|
|**THE FUNDS OF THE CHARITY**||||||
|Unrestricted Income Fund|||854,614||682,063|
|Approved by the Trustees and signed on their behalf||||||
|…………………………………….|||……………………………………..|||
|Trustee|||Treasurer|||
**-3-**
## **WING HALL TRUST (Charity number 212601)**
## **NOTES TO THE ACCOUNTS**
## **1. ACCOUNTING POLICIES**
The principal accounting policies adopted in the preparation of the Financial Statements are as follows;
**(a)** The financial statements have been prepared under the Historical Cost Convention with item recognised at cost or transaction value unless otherwise stated in the relevant notes to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice; Accounting and Reporting by Charities preparing their account in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.
## **(b) Incoming Resources**
All incoming resources are accounted for when the Charity becomes entitled to the funds. Where income is received in advance it is deferred until the Charity is entitled to the income.
## **(c) Outgoing Resources**
Expenditure is recognised when a liability is incurred.
## **(d) Fixed Assets used for Charitable Purposes**
Equipment and fixtures are written off in the year of purchase.
Wing Hall is used for furthering the objects of the Wing Hall Trust. The property is inalienable and the value is not shown in the accounts. The insured value of the hall is £2,681,621.
An extension was added to the Hall in 2003 and the cost of £373,946 is being amortised over 50 years.
## **(e) Investments**
Wing Hall Trust owns a freehold property, Charlotte Cottage, which is let and the income is used to further the objects of the Trust.
In October 2021 a very small part of the property was sold for £8,922 net of expenses and this is included in the Investment Income.
In November 2021 Simon Wilkinson FNAEA valued the property at £500,000 and the accounts now show the property at this value. The surplus arising from the revaluation is shown in the Statement of Financial Activities.
The Charity holds 1223.68 units in the Charities Official Investment Fund Scheme. These units are shown in the accounts at market value and investment income includes the revaluation surplus or loss arising during the year.
**-4-**
## **WING HALL TRUST (Charity number 212601)**
## **NOTES TO THE ACCOUNTS**
|**2.**
**INVESTMENT INCOME**
Charlotte Cottage
Rents
Service Charges
Less Fuel & Services
Insurance
Maintenance & Repairs
Agents Fees
Professional Fees
Surplus/(Loss) on Re-valuation
of Investments
Dividends
Bank Interest
Sale of Land
**3.**
**HALL EXPENSES**
Cleaning and Caretaker
Services and Fuel
Insurance
Maintenance and Repairs
Clerks and Treasurer’s Fees
Depreciation
**4.**
**GOVERNANCE COSTS**
Secretaries Fees
Accountancy Fees
Stationery & Sundry Expenses|**2022**
757
647
9,772
4,374
1,140
(|**2022**|
53,584
433
54,017
16,690
37,327
1,423)
662
40
8,922
45,528
29,512
6,277
2,365
7,922
8,736
7,479
62,291
625
720
807
2,152|**2021**
679
873
7,114
3,930
-|**2021**|51,355
558
51,913
12,596
39,317
2,679
641
7
-
42,644
21,433
6,069
2,764
21,072
7,644
7,479
66,461
699
690
1,074
2,463|
|---|---|---|---|---|---|---|
## **5. TRUSTEES EXPENSES**
No expenses were paid to Trustees during the year.
**-5-**
## **WING HALL TRUST (Charity number 212601)**
## **NOTES TO THE ACCOUNTS**
## **6. ASSETS USED FOR CHARITABLE PURPOSES**
|Extension to Wing Hall
Cost
Depreciation b/fwd
Provision for the year
Depreciation c/fwd
Net Book Value c/fwd
**7.**
**INVESTMENT ASSETS**
Gross Book value 1.10.2020
Surplus/(Loss) on re-valuation
Gross Book Value 30.9.2021
**8.**
**DEBTORS**
Rents and Letting Income due
Prepayment
**9.**
**CASH AT BANK AND IN HAND**
Bank Deposit Account
Current Account
Cash in Hand
**10.**
**CREDITORS**
Amounts falling due within one year
Lettings paid in Advance
Creditors & Accruals
Total|**2022**
373,946
142,101
7,479
149,580
224,366
**Freehold Property Investments **
**£**
**£**
342,130
23,744
157,870(1,423)
500,000
22,321
**2022**
**£**
7,173
-
7,173
97,054
8,372
3
105,429
3,900
775
4,675|**2022**
373,946
142,101
7,479
149,580
224,366
**Freehold Property Investments **
**£**
**£**
342,130
23,744
157,870(1,423)
500,000
22,321
**2022**
**£**
7,173
-
7,173
97,054
8,372
3
105,429
3,900
775
4,675|**2022**
373,946
142,101
7,479
149,580
224,366
**Freehold Property Investments **
**£**
**£**
342,130
23,744
157,870(1,423)
500,000
22,321
**2022**
**£**
7,173
-
7,173
97,054
8,372
3
105,429
3,900
775
4,675|**2022**
373,946
142,101
7,479
149,580
224,366
**Freehold Property Investments **
**£**
**£**
342,130
23,744
157,870(1,423)
500,000
22,321
**2022**
**£**
7,173
-
7,173
97,054
8,372
3
105,429
3,900
775
4,675|**2021**
373,946
134,622
7,479
142,101
231,845
**TOTAL**|
|---|---|---|---|---|---|
||
|
**£**
342,130
157,870|||**£**
365,874
156,447
522,321
**2021**
**£**
6,945
324
7,269
77,814
12,519
47
90,380
6,128
7,177
13,305|
|||
500,000||||
|||
||||
|||||
3,900
775||
|||||4,675||
**-6-**
Wing Hall Trust 30.9.22
## **WING HALL TRUST (Charity Number 212601)**
## **ACCOUNTS**
**FOR THE YEAR ENDED 30 SEPTEMBER 2022 WING HALL TRUST (Charity Number 212601)**
RA & DA Thompson 30 High Street Leighton Buzzard Beds LU7 1EA
## **WING HALL TRUST - Charity Number: 212601**
## **Accounts for the year ended 30 September 2022 Independent Examiner’s Report to the Trustees of Wing Hall Trust**
I report to the Trustees on my examination of the accounts of Wing Hall Trust for the year ended 30 September 2022 which are set out on pages 2 to 6.
## **Respective responsibilities and examiner**
The Charity’s Trustees are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011.
The Charity’s Trustees consider that an audit it not required for this year (under Section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
It is my responsibility to:
- Examine the accounts (Under S145 of the 2011 Act).
- To follow the procedures laid down in the General Directions given by the Charity Commissioners (under S145(5)6 of the Act) and;
- State whether particular matters have come to my attention.
## **Basis of independent examiner’s report**
My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the Charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees 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**
In connection with my examination, no matter has come to my attention;
(1) which gives me reasonable cause to believe that in any material respect the requirements;
- To keep accounting records in accordance with S130 of the 2011 Act; and
- To prepare accounts which accord with the accounting records and comply with the accounting requirement of the 2011 Act
- have not been met or;
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
DA Thompson Chartered Accountant
30 High Street Leighton Buzzard Beds LU7 1EA
-1-
## **WING HALL TRUST (Charity number 212601)**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 SEPTEMBER 2022**
|**Notes**
**INCOMING RESOURCES FROM**
**GENERATED FUNDS**
**Income from Charitable Activities**
Hall Rents and Lettings
Coronavirus Grants
**Investment Income**
2
**Surplus on revaluation of Investment income**
**Total Incoming Resources**
**RESOURCES EXPENSED**
Charitable Activities
Hall Expenses
3
Governance Costs
4
**Total Resources Expended**
**NET INCOMING/(OUTGOING)**
**RESOURCES**
**RECONCILIATION OF FUNDS**
Funds brought forward
**TOTAL FUNDS CARRIED FORWARD**
|**2022**
**£**
33,596
-
33,596
45,528
157,870
236,994
62,291
2,152
64,443
172,551
682,063
854,614|
|
|---|---|---|
||||
**-2-**
## **WING HALL TRUST (Charity number 212601)**
## **BALANCE SHEET AS AT 30 SEPTEMBER 2022**
||**Note**|**2022**|||**2021**|
|---|---|---|---|---|---|
|**FIXED ASSETS**||**£**|**£**|**£**|**£**|
|Assets used for charitable||||||
|Purposes|6||224,366||231,845|
|Investment Assets|7||522,321||365,874|
||||746,687||597,719|
|**CURRENT ASSETS**||||||
|Debtors|8|7,173||7,269||
|Cash at Bank & In Hand|9|105,429||90,380||
|||112,602||97,649||
|**LIABILITIES**||||||
|Creditors falling due within||||||
|One year|10|4,675||13,305||
|**NET CURRENT ASSETS**|||107,927||84,344|
|**NET ASSETS**|||854,614||682,063|
|**THE FUNDS OF THE CHARITY**||||||
|Unrestricted Income Fund|||854,614||682,063|
|Approved by the Trustees and signed on their behalf||||||
|…………………………………….|||……………………………………..|||
|Trustee|||Treasurer|||
**-3-**
## **WING HALL TRUST (Charity number 212601)**
## **NOTES TO THE ACCOUNTS**
## **1. ACCOUNTING POLICIES**
The principal accounting policies adopted in the preparation of the Financial Statements are as follows;
**(a)** The financial statements have been prepared under the Historical Cost Convention with item recognised at cost or transaction value unless otherwise stated in the relevant notes to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice; Accounting and Reporting by Charities preparing their account in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.
## **(b) Incoming Resources**
All incoming resources are accounted for when the Charity becomes entitled to the funds. Where income is received in advance it is deferred until the Charity is entitled to the income.
## **(c) Outgoing Resources**
Expenditure is recognised when a liability is incurred.
## **(d) Fixed Assets used for Charitable Purposes**
Equipment and fixtures are written off in the year of purchase.
Wing Hall is used for furthering the objects of the Wing Hall Trust. The property is inalienable and the value is not shown in the accounts. The insured value of the hall is £2,681,621.
An extension was added to the Hall in 2003 and the cost of £373,946 is being amortised over 50 years.
## **(e) Investments**
Wing Hall Trust owns a freehold property, Charlotte Cottage, which is let and the income is used to further the objects of the Trust.
In October 2021 a very small part of the property was sold for £8,922 net of expenses and this is included in the Investment Income.
In November 2021 Simon Wilkinson FNAEA valued the property at £500,000 and the accounts now show the property at this value. The surplus arising from the revaluation is shown in the Statement of Financial Activities.
The Charity holds 1223.68 units in the Charities Official Investment Fund Scheme. These units are shown in the accounts at market value and investment income includes the revaluation surplus or loss arising during the year.
**-4-**
## **WING HALL TRUST (Charity number 212601)**
## **NOTES TO THE ACCOUNTS**
|**2.**
**INVESTMENT INCOME**
Charlotte Cottage
Rents
Service Charges
Less Fuel & Services
Insurance
Maintenance & Repairs
Agents Fees
Professional Fees
Surplus/(Loss) on Re-valuation
of Investments
Dividends
Bank Interest
Sale of Land
**3.**
**HALL EXPENSES**
Cleaning and Caretaker
Services and Fuel
Insurance
Maintenance and Repairs
Clerks and Treasurer’s Fees
Depreciation
**4.**
**GOVERNANCE COSTS**
Secretaries Fees
Accountancy Fees
Stationery & Sundry Expenses|**2022**
757
647
9,772
4,374
1,140
(|**2022**|
53,584
433
54,017
16,690
37,327
1,423)
662
40
8,922
45,528
29,512
6,277
2,365
7,922
8,736
7,479
62,291
625
720
807
2,152|**2021**
679
873
7,114
3,930
-|**2021**|51,355
558
51,913
12,596
39,317
2,679
641
7
-
42,644
21,433
6,069
2,764
21,072
7,644
7,479
66,461
699
690
1,074
2,463|
|---|---|---|---|---|---|---|
## **5. TRUSTEES EXPENSES**
No expenses were paid to Trustees during the year.
**-5-**
## **WING HALL TRUST (Charity number 212601)**
## **NOTES TO THE ACCOUNTS**
## **6. ASSETS USED FOR CHARITABLE PURPOSES**
|Extension to Wing Hall
Cost
Depreciation b/fwd
Provision for the year
Depreciation c/fwd
Net Book Value c/fwd
**7.**
**INVESTMENT ASSETS**
Gross Book value 1.10.2020
Surplus/(Loss) on re-valuation
Gross Book Value 30.9.2021
**8.**
**DEBTORS**
Rents and Letting Income due
Prepayment
**9.**
**CASH AT BANK AND IN HAND**
Bank Deposit Account
Current Account
Cash in Hand
**10.**
**CREDITORS**
Amounts falling due within one year
Lettings paid in Advance
Creditors & Accruals
Total|**2022**
373,946
142,101
7,479
149,580
224,366
**Freehold Property Investments **
**£**
**£**
342,130
23,744
157,870(1,423)
500,000
22,321
**2022**
**£**
7,173
-
7,173
97,054
8,372
3
105,429
3,900
775
4,675|**2022**
373,946
142,101
7,479
149,580
224,366
**Freehold Property Investments **
**£**
**£**
342,130
23,744
157,870(1,423)
500,000
22,321
**2022**
**£**
7,173
-
7,173
97,054
8,372
3
105,429
3,900
775
4,675|**2022**
373,946
142,101
7,479
149,580
224,366
**Freehold Property Investments **
**£**
**£**
342,130
23,744
157,870(1,423)
500,000
22,321
**2022**
**£**
7,173
-
7,173
97,054
8,372
3
105,429
3,900
775
4,675|**2022**
373,946
142,101
7,479
149,580
224,366
**Freehold Property Investments **
**£**
**£**
342,130
23,744
157,870(1,423)
500,000
22,321
**2022**
**£**
7,173
-
7,173
97,054
8,372
3
105,429
3,900
775
4,675|**2021**
373,946
134,622
7,479
142,101
231,845
**TOTAL**|
|---|---|---|---|---|---|
||
|
**£**
342,130
157,870|||**£**
365,874
156,447
522,321
**2021**
**£**
6,945
324
7,269
77,814
12,519
47
90,380
6,128
7,177
13,305|
|||
500,000||||
|||
||||
|||||
3,900
775||
|||||4,675||
**-6-**
Wing Hall Trust 30.9.22