WING HALL TRUST TRUSTEES REPORT – YEAR ENDED 30 SEPT 2023
The hall has been very well used by many people and groups during the year. Ranging from Brownies to Bingo, Line Dancing to Lace Making, and WI to Yoga – something for everyone. The heavy use means that the small team of cleaners are kept very busy throughout the year. Their work keeps the hall in excellent order. The bookings, secretarial and accounting staff had a lot of work which was cheerfully accomplished. In turn the volunteers on the management committee are highly motivated and very proud of the hall.
The finances of the trust are healthy and the trustees are always aware of the need to have adequate reserves to maintain buildings which are over one hundred years old. The unexpected can suddenly arise. The level of occupation for both commercial and residential tenants is high, with only minimal void periods when necessary repairs and decoration can be carried out. The Trust has lost one member – Alan Wymark- who died in the summer, his expertise in money matters will be missed. The hall had the usual checks for its services and repairs all of which were dealt with expeditiously.
Chari Number 212601 ACCOUNTS FOR THE YFAR ENDF.D 30 .%F.PTF,MBER 2023 WING HALL TRUST Chari Number 212601 RA & DA Thompson 30 High Street Leighton Buz1d Beds LU7 IEA
WING HALL TRUST - Chari Number: 212601 Aceounts for the endent Examiner's Re ear ended 30 Se tember 2023 ort to the Trustecs of Win Hall Trust Indc I r¢port to the Trnstees on my examination of the accounts of Wing Hall Trust for the year ended 30 September 2023 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 Ch<Wity's Trustees consider that an audit it not required for ihis year (under Section 144(2) of the Charilies Act 2011 (the 201 I ALt) and that an ind¢p¢ndcut cxamination is needed. It is my responsibility to: Examine tlie accounts (Under S145 of th¢ 2011 Act). To follow the procedures laid down in the General Directions given by ihe Charity Commissioners (under Sl 45(5)6 of ihe ACÉ) and. State whether particular matters hav¢ come to my attention. Basis of independent examiner's report My examination was carried out Rn accordance with the General Directions given by the Chaiity Commissioners. An examination includes a review of the accounting records kept by the Ch(]tY and a comparison of the accounts prcscnted with those records. It also includes consideration of any unu%ual items or disclosure8 in Ihe accounts, and seeking explanations from you as trustees con¢crning any such matters. The procedures undertaken do not provide all the eviden¢¢ that would be required in an audit, and consequently I do not ¢xpress an audit opinion on the view given by th¢ accounts. Indcpendent examiner's statement In connection with my examination. no matter has come to my attention. (l ) which gives me reasonable cause to believe that in any malerial respect the requirements. To keep accounting records in accordance with S130 of the 2011 Act; alld To prepare accounts which accord with the accounting records and comply with the accounting requirement of the 201 l Act have not been Tnet or. (2) lo which, in my opinion, attention should be drawn in order to enable a proper er anding of the accounts to be reached. DA Thompson Charlered Accountant 30 High Street Leighton Buzzard Beds LU7 IEA
WING HALL TRUST Charit number 2126111 STA TF.MFNT OF FINANCIAL ACTIVITIES FOR THE YEAII ENDED 30 SEPTEMBEII 2023 Notes 2023 2022 INCOMING RESOURCES FROM GENERATED FUNDS Income from Charitable Activities Hall Rents and Lettings 36,145 33.596 Investment Income Sur lu$ on revaluation of lDvestment 44,180 45,528 157.870 ert Total Incomin Resourc¢s 236 994 RESOURCES EXPENSED Charitable Activities HaIl Expenses 70,955 62,291 Govcrnance Costs Total Resources Ex ended NET INCOMINGI RESOUKCES OUTC.OING) 7.108 172,551 RECONCILIATION OF FUNDS Funds, brought Lonvard 854 614 682 063 TOTAL FUNDS CARRIED F()R W ARD 861722 854 614
WING HALL TRIIST Charit number 212601 BALANCE SHEET AS AT .30 SF.PTEMBER 2023 Note 2023 2022 FIXED ASSETS Assets used for charitable Purposes Investment Assets 216,887 522 630 739,517 224,366 522 321 746,687 CURRENT ASSETS Dcbtors Cash at Bank & In Hand 8,036 119433 7,173 105 429 127.469 112,602 LIABILITiCS Creditors falling due within One year io NET CURRENT ASSETS 122 205 107 927 NET ASSETS 861722 854.614 THE FUNDS OF THF. C.HARITY Unrestricted Income Fund 861722 854614 Approved by the Trustees and signed on their behalf Trustee Treasurer
WING HALL TRUST Charit number 212601 NOTES TO THF, ACCOUNTS ACCOUINTING POLICIF.S The principal accounting policies adopted in the preparalion of the Financial Statements are as follows" (a) The financial statements have been prepaTed under the Historical Cosl Convention with item recognised at cost or tr<saCtIon value unless otherwise stated in the r¢levant notes to these accounts. The financial sLaten]ciitb have be¢n prepared in accordance with the Sialement of Recommended Practice; Accounting and Reporting by Charities preparing their account in accordance with the Financial Reportin&, Standard applic(Ible in the IJK <ind 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 Charitie5 Act 2011. (b) Inioming Resources All incoming resources are accounted for when the Charily becomes entitled to the fi]nd5. Where income is received in advance it is deferred until the Charity is entitEed to the income. (¢) Outgoing Resour¢¢5 Expcnditure is rccogntsed when a liability is incurred. (d) Fixed Assets used for Charitable Purposes Equipment and fixlure5 written off in the yeaT of purchase. Wing Hall is used for furthering the objc¢ts of the Wing Hall Trust. The propcrty is inalienable and the value is not shown in the a¢Lounts. The insured value of ihc hall is £3,000.734. (2022 - £2,681,621) An extension was added to the Hall in 2003 and the cost of £373,946 is being amortised ovcr 50 years. (e) Investments Wing Hall Trust owns a freehold property, Charlotte Cottage, which is let and the income is used io further the objects of thc Trust. In October 2021 a very small part of the property was sold for £8.922 net of expenses aDd this wa5 included in the Investment Income. In November 2021 Simon Wilkinson FNAEA valued the properly at £500,000 and th¢ accounts now show the property at this value. The SUTplus arising from the revaluation was shown in the Statement ofFinancial Activities. The Charity holds 1223.68 units in thc Charities Official Invesiment Fund Scheme. Thesc units arc shown in the accounts at mark'et value and investment income includes the revaluation surplus or loss arising during the year.
WING HALL TRUST Charit number 212601 NOTES TO THE ACCOUNTS INVESTMENT INCOME Charlotte Cottage Rents Service Charges 2023 2022 52,408 598 53,006 53,584 433 54,017 Less Fuel & Scrvices Insurance Maintenance & Repairs Agents Fees Professional Fees 1,295 772 3,936 4,486 757 647 9,772 4,374 10.489 42.517 37,327 Surplusl(Loss) on Re-valuation of Investments DivideThds Bank Interest Sale of Land 309 667 687 ( 1.423) 662 40 HALL EXPENSES Cleaning and Car¢taker SeTvices and Fuel InsuTance Maintenance and Repairs Clerks and Treasurer's Fees Depreciation 33,582 6,284 2,737 12,137 8,736 29,512 6,277 2,365 7.922 8,736 GOVFRNANCE COSTS Secictaries Fees Accountancy Fees Stationery & Sundry Expenscs 595 720 947 625 720 807 TRUSTEES EXPENSES No expenses were paid to Trustees during the year.
WINC HALL TRIJST Charit number212601 NOTES TO THE ACCOUNTS ASSETS USED FOR CHARITABLE PURPOSES 2023 2022 Extension to Wing Hall Cost 373 946 Depreciation blfwd Provision for the year Depreciation clfwd 149,580 142,101 157059 149 580 Net Book Value c/fwd 216 887 224 366 INVESTMF.NT ASSETS Freehold Pro Inveqtments TOTAL Gross Book V¢ilue 1.10.2020 Surplusl(Loss} on re-valuation Gross Book Valuc 30.9.2021 500,000 22,321 309 522,321 309 522 630 500 000 DEBTORS 2023 2022 Rents and Letting Income du¢ CASH AT BANK AND IN HAND Bank Deposit Account Current Account Cash in Hand 110,941 8,426 66 119433 97,054 8,372 105 429 10. CREDITORS Amounts falling duc within one year Lettings paid in AdVce Creditors & Accruals 4.294 970 3.900 775 Total Wing Hall Trn5t 30.91023
Chari Number 212601 ACCOUNTS FOR THE YFAR ENDF.D 30 .%F.PTF,MBER 2023 WING HALL TRUST Chari Number 212601 RA & DA Thompson 30 High Street Leighton Buz1d Beds LU7 IEA
WING HALL TRUST - Chari Number: 212601 Aceounts for the endent Examiner's Re ear ended 30 Se tember 2023 ort to the Trustecs of Win Hall Trust Indc I r¢port to the Trnstees on my examination of the accounts of Wing Hall Trust for the year ended 30 September 2023 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 Ch<Wity's Trustees consider that an audit it not required for ihis year (under Section 144(2) of the Charilies Act 2011 (the 201 I ALt) and that an ind¢p¢ndcut cxamination is needed. It is my responsibility to: Examine tlie accounts (Under S145 of th¢ 2011 Act). To follow the procedures laid down in the General Directions given by ihe Charity Commissioners (under Sl 45(5)6 of ihe ACÉ) and. State whether particular matters hav¢ come to my attention. Basis of independent examiner's report My examination was carried out Rn accordance with the General Directions given by the Chaiity Commissioners. An examination includes a review of the accounting records kept by the Ch(]tY and a comparison of the accounts prcscnted with those records. It also includes consideration of any unu%ual items or disclosure8 in Ihe accounts, and seeking explanations from you as trustees con¢crning any such matters. The procedures undertaken do not provide all the eviden¢¢ that would be required in an audit, and consequently I do not ¢xpress an audit opinion on the view given by th¢ accounts. Indcpendent examiner's statement In connection with my examination. no matter has come to my attention. (l ) which gives me reasonable cause to believe that in any malerial respect the requirements. To keep accounting records in accordance with S130 of the 2011 Act; alld To prepare accounts which accord with the accounting records and comply with the accounting requirement of the 201 l Act have not been Tnet or. (2) lo which, in my opinion, attention should be drawn in order to enable a proper er anding of the accounts to be reached. DA Thompson Charlered Accountant 30 High Street Leighton Buzzard Beds LU7 IEA
WING HALL TRUST Charit number 2126111 STA TF.MFNT OF FINANCIAL ACTIVITIES FOR THE YEAII ENDED 30 SEPTEMBEII 2023 Notes 2023 2022 INCOMING RESOURCES FROM GENERATED FUNDS Income from Charitable Activities Hall Rents and Lettings 36,145 33.596 Investment Income Sur lu$ on revaluation of lDvestment 44,180 45,528 157.870 ert Total Incomin Resourc¢s 236 994 RESOURCES EXPENSED Charitable Activities HaIl Expenses 70,955 62,291 Govcrnance Costs Total Resources Ex ended NET INCOMINGI RESOUKCES OUTC.OING) 7.108 172,551 RECONCILIATION OF FUNDS Funds, brought Lonvard 854 614 682 063 TOTAL FUNDS CARRIED F()R W ARD 861722 854 614
WING HALL TRIIST Charit number 212601 BALANCE SHEET AS AT .30 SF.PTEMBER 2023 Note 2023 2022 FIXED ASSETS Assets used for charitable Purposes Investment Assets 216,887 522 630 739,517 224,366 522 321 746,687 CURRENT ASSETS Dcbtors Cash at Bank & In Hand 8,036 119433 7,173 105 429 127.469 112,602 LIABILITiCS Creditors falling due within One year io NET CURRENT ASSETS 122 205 107 927 NET ASSETS 861722 854.614 THE FUNDS OF THF. C.HARITY Unrestricted Income Fund 861722 854614 Approved by the Trustees and signed on their behalf Trustee Treasurer
WING HALL TRUST Charit number 212601 NOTES TO THF, ACCOUNTS ACCOUINTING POLICIF.S The principal accounting policies adopted in the preparalion of the Financial Statements are as follows" (a) The financial statements have been prepaTed under the Historical Cosl Convention with item recognised at cost or tr<saCtIon value unless otherwise stated in the r¢levant notes to these accounts. The financial sLaten]ciitb have be¢n prepared in accordance with the Sialement of Recommended Practice; Accounting and Reporting by Charities preparing their account in accordance with the Financial Reportin&, Standard applic(Ible in the IJK <ind 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 Charitie5 Act 2011. (b) Inioming Resources All incoming resources are accounted for when the Charily becomes entitled to the fi]nd5. Where income is received in advance it is deferred until the Charity is entitEed to the income. (¢) Outgoing Resour¢¢5 Expcnditure is rccogntsed when a liability is incurred. (d) Fixed Assets used for Charitable Purposes Equipment and fixlure5 written off in the yeaT of purchase. Wing Hall is used for furthering the objc¢ts of the Wing Hall Trust. The propcrty is inalienable and the value is not shown in the a¢Lounts. The insured value of ihc hall is £3,000.734. (2022 - £2,681,621) An extension was added to the Hall in 2003 and the cost of £373,946 is being amortised ovcr 50 years. (e) Investments Wing Hall Trust owns a freehold property, Charlotte Cottage, which is let and the income is used io further the objects of thc Trust. In October 2021 a very small part of the property was sold for £8.922 net of expenses aDd this wa5 included in the Investment Income. In November 2021 Simon Wilkinson FNAEA valued the properly at £500,000 and th¢ accounts now show the property at this value. The SUTplus arising from the revaluation was shown in the Statement ofFinancial Activities. The Charity holds 1223.68 units in thc Charities Official Invesiment Fund Scheme. Thesc units arc shown in the accounts at mark'et value and investment income includes the revaluation surplus or loss arising during the year.
WING HALL TRUST Charit number 212601 NOTES TO THE ACCOUNTS INVESTMENT INCOME Charlotte Cottage Rents Service Charges 2023 2022 52,408 598 53,006 53,584 433 54,017 Less Fuel & Scrvices Insurance Maintenance & Repairs Agents Fees Professional Fees 1,295 772 3,936 4,486 757 647 9,772 4,374 10.489 42.517 37,327 Surplusl(Loss) on Re-valuation of Investments DivideThds Bank Interest Sale of Land 309 667 687 ( 1.423) 662 40 HALL EXPENSES Cleaning and Car¢taker SeTvices and Fuel InsuTance Maintenance and Repairs Clerks and Treasurer's Fees Depreciation 33,582 6,284 2,737 12,137 8,736 29,512 6,277 2,365 7.922 8,736 GOVFRNANCE COSTS Secictaries Fees Accountancy Fees Stationery & Sundry Expenscs 595 720 947 625 720 807 TRUSTEES EXPENSES No expenses were paid to Trustees during the year.
WINC HALL TRIJST Charit number212601 NOTES TO THE ACCOUNTS ASSETS USED FOR CHARITABLE PURPOSES 2023 2022 Extension to Wing Hall Cost 373 946 Depreciation blfwd Provision for the year Depreciation clfwd 149,580 142,101 157059 149 580 Net Book Value c/fwd 216 887 224 366 INVESTMF.NT ASSETS Freehold Pro Inveqtments TOTAL Gross Book V¢ilue 1.10.2020 Surplusl(Loss} on re-valuation Gross Book Valuc 30.9.2021 500,000 22,321 309 522,321 309 522 630 500 000 DEBTORS 2023 2022 Rents and Letting Income du¢ CASH AT BANK AND IN HAND Bank Deposit Account Current Account Cash in Hand 110,941 8,426 66 119433 97,054 8,372 105 429 10. CREDITORS Amounts falling duc within one year Lettings paid in AdVce Creditors & Accruals 4.294 970 3.900 775 Total Wing Hall Trn5t 30.91023